Filing Flows › Viatris (VTRS) › Q2 2025
Viatris (VTRS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Viatris (VTRS) reported revenue of $3.6B for the second quarter 2025 (Q2 2025), -6% from a year earlier and +10% from the quarter before. Operating margin was 6.5%, net loss $4.6M (0.1% of revenue).
Viatris, Q2 2025: revenue $3.6B (-6% year over year), operating margin 6.5%, net loss $4.6M, operating cash flow $220M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | +10% | -6% |
| Operating profit | $233M | — | — |
| Net earnings | −$4.6M | — | — |
| Operating cash flow | $220M | -59% | -42% |
| Free cash flow | $167M | -66% | -48% |
What changed
Revenue was $3.6B in Q2 2025, down 6% year over year and up 10% from the previous quarter. Brands was the largest line at 64% of revenue. Brands lost $0.08B year over year (down 3%), 37% of the total change.
Gross margin was 37.2%, down 0.9 points from a year earlier. Operating profit was $0.23B, a 6.5% margin (up 12.8 points year over year). Operating expenses fell 35% while revenue fell 6%. The quarter ended with a net loss of $4.6M, narrower than the previous quarter's $3.0B loss. Net interest and other expense of $0.45B was the main reason.
Operating cash flow was $0.22B (down 42% year over year). Non-cash charges added back $0.68B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.49B. Capital expenditures of $0.05B left free cash flow of $0.17B.
Questions
What was Viatris' revenue in the second quarter 2025?
Viatris (VTRS) reported revenue of $3.6B for the second quarter 2025 (Q2 2025), -6% from a year earlier and +10% from the quarter before.
Was Viatris profitable in the second quarter 2025?
Operating profit was $233M (6.5% of revenue) and net loss $4.6M.
Source: Viatris 10-Q on SEC EDGAR.