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Vir Biotechnology (VIR) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 5, 2025

Vir Biotechnology (VIR) reported revenue of $240K for the third quarter 2025 (Q3 2025), -90% from a year earlier and -80% from the quarter before.

Revenue$240K
Year over year-90%
Quarter over quarter-80%
Operating margin—
Net earnings−$163M

Vir Biotechnology, Q3 2025: revenue $240K (-90% year over year), net loss $163M, operating cash flow −$168M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$240K-80%-90%
Operating profit−$173M——
Net earnings−$163M——
Operating cash flow−$168M——

What changed

Revenue was $240K in Q3 2025, down 90% year over year and down 80% from the previous quarter.

Operating costs exceeded revenue by $173.4M, an operating margin of -72267.9%. Total costs fell 26% while revenue fell 90%. The quarter ended with a net loss of $163.1M, wider than the previous quarter's $111.0M loss.

Operating cash flow was −$167.6M. Non-cash charges added back $3.0M of depreciation and amortization and $11.4M of share-based compensation. Working capital and other items used $18.8M. Capital expenditures of $317K exceeded it, leaving free cash flow of −$167.9M.

Questions

What was Vir Biotechnology's revenue in the third quarter 2025?

Vir Biotechnology (VIR) reported revenue of $240K for the third quarter 2025 (Q3 2025), -90% from a year earlier and -80% from the quarter before.

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Source: Vir Biotechnology 10-Q on SEC EDGAR.