Vir Biotechnology (VIR) Operating Expenses (2018 - 2026)
Vir Biotechnology (VIR) reported Operating Expenses of $132.3 million for Q1 2026, down 7.24% on a YoY basis from $142.6 million in Q1 2025, and up 18.1% sequentially from $112.0 million in Q4 2025.
Vir Biotechnology (VIR) Operating Expenses (2018 - 2026) Analysis & Trends
Vir Biotechnology (VIR) has 9 years of Operating Expenses data on file, last reported at $132.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 7.24% year-over-year to $132.3 million; the trailing twelve-month figure through Mar 2026 stood at $537.6 million (down 19.46% YoY), and the FY2025 full-year result was $547.9 million, down 17.16% from the prior year.
- Operating Expenses improved to $132.3 million in Q1 2026, from $112.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $233.7 million in Q3 2024 to a low of $112.0 million in Q4 2025.
- A 5-year average of $170.3 million and a median of $173.7 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 59.06% in 2022 and sank 33.86% in 2024, its largest moves.
- Tracing VIR's Operating Expenses over 5 years: stood at $199.9 million in 2022, then decreased by 22.06% to $155.8 million in 2023, then declined by 16.87% to $129.5 million in 2024, then fell by 13.54% to $112.0 million in 2025, then rose by 18.1% to $132.3 million in 2026.
- Business Quant data shows VIR's Operating Expenses at $132.3 million in Q1 2026, $112.0 million in Q4 2025, and $173.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 15.76 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 1.10 Bn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -919.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 445.22 Mn |
| 10 | Vir Biotechnology | 1.28 Bn | 1.28 Bn | - | 132.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 132.26 Mn |
| Dec 31, 2025 | 111.99 Mn |
| Sep 30, 2025 | 173.68 Mn |
| Jun 30, 2025 | 119.63 Mn |
| Mar 31, 2025 | 142.58 Mn |
| Dec 31, 2024 | 129.52 Mn |
| Sep 30, 2024 | 233.68 Mn |
| Jun 30, 2024 | 161.71 Mn |
| Mar 31, 2024 | 136.46 Mn |
| Dec 31, 2023 | 155.80 Mn |
| Sep 30, 2023 | 189.37 Mn |
| Jun 30, 2023 | 218.98 Mn |
| Mar 31, 2023 | 206.33 Mn |
| Dec 31, 2022 | 199.91 Mn |
| Sep 30, 2022 | 179.59 Mn |
| Jun 30, 2022 | 184.59 Mn |
| Mar 31, 2022 | 218.63 Mn |
| Dec 31, 2021 | 241.00 Mn |
| Sep 30, 2021 | 157.00 Mn |
| Jun 30, 2021 | 116.05 Mn |