Vir Biotechnology Inc (VIR)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -615,117 | -600,747 | -262,022 | -143,740 | 515,837 | 1,142,694 | 1,077,810 | 1,216,116 | 528,584 | -102,319 | -297,356 | -390,336 | -298,665 | -256,787 | -220,492 |
| Revenue (ttm) | US$ in thousands | 86,180 | 118,803 | 490,721 | 444,237 | 1,613,740 | 2,377,077 | 2,106,136 | 2,325,891 | 1,095,407 | 284,394 | 182,706 | 72,626 | 76,368 | 75,614 | 75,089 |
| Net profit margin | -713.76% | -505.67% | -53.40% | -32.36% | 31.97% | 48.07% | 51.17% | 52.29% | 48.25% | -35.98% | -162.75% | -537.46% | -391.09% | -339.60% | -293.64% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-615,117K ÷ $86,180K
= -713.76%
Vir Biotechnology Inc's net profit margin has been experiencing significant fluctuations over the past eight quarters. In Q4 2023, the net profit margin was -713.76%, indicating a substantial loss exceeding the total revenue generated. The trend improved in Q3 2023, but remained negative at -438.56%. The company's performance further improved in Q2 2023 with a lower negative net profit margin of -51.93%, which suggests that Vir Biotechnology incurred losses but at a reduced rate compared to previous quarters.
The negative net profit margins persisted into Q1 2023 with a figure of -32.19%, demonstrating continued operating losses for the company. However, the trend in the previous year was notably different, with positive net profit margins ranging from 31.92% in Q4 2022 to over 50% in Q3 and Q2 of 2022. These positive margins indicate that Vir Biotechnology was profitable in those quarters.
Overall, the fluctuating net profit margins suggest that Vir Biotechnology has been facing challenges in generating net profits, with recent quarters showing significant losses. It is important for the company to closely monitor its expenses and revenue generation capabilities to improve profitability and sustainable growth in the future.
Peer comparison
Dec 31, 2023