Vir Biotechnology (VIR) Operating Expenses (2018 - 2026)

Vir Biotechnology's (VIR) quarterly Operating Expenses came in at $132.3 million in Q1 2026, down 7.24% year-on-year from $142.6 million in Q1 2025, and up 18.1% quarter-over-quarter from $112.0 million in Q4 2025.

Vir Biotechnology (VIR) Operating Expenses (2018 - 2026) Analysis & Trends

Vir Biotechnology has disclosed Operating Expenses across 9 years of filings, most recently posting $132.3 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $132.3 million, down 7.24% year-over-year; the trailing twelve-month figure through Mar 2026 was $537.6 million (down 19.46% YoY), and the FY2025 annual result was $547.9 million, down 17.16% from the prior year.
  • Operating Expenses came in at $132.3 million for Q1 2026 at Vir Biotechnology, up 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.
  • The 5-year median for Operating Expenses is $173.7 million (2025), against an average of $170.3 million.
  • Across the five-year window, Operating Expenses surged 59.06% in 2022 and tumbled 33.86% in 2024, its largest moves.
  • Vir Biotechnology's Operating Expenses stood at $199.9 million in 2022, then slipped by 22.06% to $155.8 million in 2023, then fell by 16.87% to $129.5 million in 2024, then retreated by 13.54% to $112.0 million in 2025, then gained by 18.1% to $132.3 million in 2026.
  • The last three Operating Expenses figures came in at $132.3 million (Q1 2026), $112.0 million (Q4 2025), and $173.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 Vir Biotechnology 1.35 Bn 1.35 Bn - 132.26 Mn

Historic Data

Download Data
DateValue
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