Filing Flows › Viatris (VTRS) › Q1 2025
Viatris (VTRS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Viatris (VTRS) reported revenue of $3.3B for the first quarter 2025 (Q1 2025), -11% from a year earlier. Operating margin was -88.6%, net loss $3.0B (93.5% of revenue).
Viatris, Q1 2025: revenue $3.3B (-11% year over year), operating margin -88.6%, net loss $3.0B, operating cash flow $536M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | — | -11% |
| Operating profit | −$2.9B | — | — |
| Net earnings | −$3.0B | — | — |
| Operating cash flow | $536M | — | -13% |
| Free cash flow | $493M | — | -13% |
What changed
Revenue was $3.3B in Q1 2025, down 11% year over year. Brands was the largest line at 65% of revenue. Brands lost $0.19B year over year (down 8%), 47% of the total change.
Gross margin was 35.7%, down 5.4 points from a year earlier. Operating costs exceeded revenue by $2.9B, an operating margin of -88.6%. Operating expenses grew 211% against a revenue fall of 11%. The fastest-growing cost line was Other operating costs (+3366%). The quarter ended with a net loss of $3.0B.
Operating cash flow was $0.54B (down 13% year over year). Non-cash charges added back $0.66B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $2.9B. Capital expenditures of $0.04B left free cash flow of $0.49B.
Questions
What was Viatris' revenue in the first quarter 2025?
Viatris (VTRS) reported revenue of $3.3B for the first quarter 2025 (Q1 2025), -11% from a year earlier.
Was Viatris profitable in the first quarter 2025?
Operating loss was $2.9B (-88.6% of revenue) and net loss $3.0B.
Source: Viatris 10-Q on SEC EDGAR.