VIR Vir Biotechnology, Inc. - Common Stock
About Vir Biotechnology, Inc. - Common Stock Company overview from Wikipedia
VIR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
VIR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
VIR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 4 28.6%
- Buy 9 64.3%
- Hold 1 7.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
9 analysts · 2026-08-17Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.47 | $0.34 | 0.13% |
| March 31, 2026 | $-0.85 | $-0.10 | -0.75% |
| Dec. 31, 2025 | $-0.31 | $-0.50 | 0.19% |
| Sept. 30, 2025 | $-1.17 | $-0.86 | -0.31% |
| June 30, 2025 | $-0.80 | $-0.73 | -0.07% |
| March 31, 2025 | $-0.88 | $-0.84 | -0.04% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| VIR | $841M | -1.9 | -7.6% | -638.9% | -51.1% | — |
| BCAX | $953M | -6.7 | — | — | -33.0% | — |
| TYRA | $1.41B | -13.1 | — | — | -42.7% | — |
| XNCR | $1.10B | -12.3 | 13.7% | -73.2% | -14.0% | — |
| JBIO | $761M | -4.8 | — | — | -47.7% | — |
| TRAX | — | — | — | — | — | — |
| ABSI | $529M | -4.2 | -38.2% | -4113.7% | -63.5% | — |
| AVBP | $854M | -4.7 | — | — | -59.7% | — |
| PURR | — | — | — | — | — | — |
| ORIC | $806M | -5.6 | — | — | -36.5% | — |
| AKTS | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $69M | $74M | $86M | $1.62B | $1.10B | $76M | $8M | $11M | |
| Cost of Revenue | $26.0K | $845.0K | $3M | $146M | $66M | $0 | $0 | · | |
| R&D Expense | $456M | $506M | $580M | $475M | $448M | $302M | $148M | $100M | |
| SG&A Expense | $92M | $119M | $174M | $162M | $161M | $71M | $38M | $29M | |
| Operating Expenses | $548M | $661M | $770M | $783M | $675M | $373M | $186M | $129M | |
| Operating Income | $-479M | $-587M | $-684M | $833M | $421M | $-297M | $-178M | $-119M | |
| Interest Income | $40M | $72M | $87M | $28M | · | · | $9M | $3M | |
| Other Non-op | $-409.0K | $-2M | $-9M | $4M | $-9M | $-4M | $-5M | $-212.0K | |
| Pretax Income | $-438M | $-523M | $-628M | $754M | $550M | $-299M | $-175M | $-116M | |
| Income Tax | $217.0K | $-1M | $-13M | $238M | $21M | $54.0K | $154.0K | $-480.0K | |
| Net Income | $-438M | $-522M | $-615M | $516M | $529M | $-299M | $-175M | $-116M | |
| EPS (Basic) | $-3.16 | $-3.83 | $-4.59 | $3.89 | $4.07 | $-2.51 | $-5.76 | · | |
| EPS (Diluted) | $-3.16 | $-3.83 | $-4.59 | $3.83 | $3.96 | $-2.51 | $-5.76 | · | |
| Shares (Basic) | 138,520,419 | 136,246,865 | 134,130,924 | 132,606,767 | 129,884,967 | 119,159,424 | 30,349,920 | · | |
| Shares (Diluted) | 138,520,419 | 136,246,865 | 134,130,924 | 134,810,908 | 133,437,126 | 119,159,424 | 30,349,920 | · | |
| EBITDA | $-468M | $-573M | $-665M | $839M | $426M | $-293M | $-175M | · |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $232M | $223M | $242M | $849M | $348M | $437M | $109M | $48M | |
| Short-term Investments | $229M | $678M | $1.27B | $1.52B | $217M | $300M | $274M | $51M | |
| Receivables | · | · | · | $0 | $773M | $0 | · | · | |
| Prepaid Expense | $45M | $48M | $53M | $104M | $73M | $28M | $13M | $9M | |
| Other Current Assets | · | $100.0K | $8M | $26M | · | · | · | · | |
| Current Assets | $514M | $1.04B | $1.59B | $2.52B | $1.56B | $772M | $403M | $118M | |
| PP&E (Net) | $56M | $63M | $96M | $106M | $43M | $18M | $16M | $12M | |
| PP&E (Gross) | $103M | $100M | $130M | $126M | $57M | $27M | $21M | $14M | |
| Accum. Depreciation | $47M | $37M | $34M | $21M | $14M | $9M | $5M | $2M | |
| Goodwill | $17M | $17M | $17M | $17M | $17M | $17M | $17M | $17M | |
| Intangibles | $8M | $8M | $23M | $33M | $33M | $34M | $36M | $37M | |
| Total Assets | $1.00B | $1.40B | $1.92B | $2.80B | $1.95B | $919M | $512M | $192M | |
| Accounts Payable | $10M | $5M | $6M | $6M | $7M | $5M | $6M | $6M | |
| Accrued Liabilities | · | · | · | · | · | · | $26M | $15M | |
| Current Liabilities | $93M | $120M | $175M | $511M | $341M | $99M | $59M | $40M | |
| Capital Leases | $89M | $90M | $112M | $124M | $134M | $67M | · | · | |
| Deferred Tax | · | · | · | $3M | $18M | $3M | $3M | · | |
| Other Non-current Liabilities | $22M | $15M | $16M | $11M | $3M | $4M | $4M | $2M | |
| Total Liabilities | $238M | $248M | $329M | $724M | $522M | $202M | $88M | $62M | |
| Common Stock | $14.0K | $14.0K | $13.0K | $13.0K | $13.0K | $13.0K | $11.0K | $1.0K | |
| Paid-in Capital | $1.97B | $1.91B | $1.83B | $1.71B | $1.57B | $1.39B | $793M | $15M | |
| Retained Earnings | $-1.20B | $-760M | $-238M | $377M | $-139M | $-667M | $-369M | $-194M | |
| AOCI | $-2M | $-2M | $-815.0K | $-9M | $-1M | $-1M | $-601.0K | $-14.0K | |
| Stockholders' Equity | $765M | $1.15B | $1.59B | $2.08B | $1.43B | $717M | $424M | $-179M | |
| Liabilities + Equity | $1.00B | $1.40B | $1.92B | $2.80B | $1.95B | $919M | $512M | $192M | |
| Shares Outstanding | 139,474,954 | 136,959,446 | 134,781,286 | 133,236,687 | 131,161,404 | 127,416,740 | 107,648,925 | 8,858,799 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| D&A | $12M | $15M | $19M | $7M | $5M | $4M | $3M | $2M | |
| Stock-based Comp | $49M | $78M | $111M | $102M | $84M | $28M | $9M | $5M | |
| Deferred Tax | $304.0K | $-3M | $-1M | $-15M | $15M | $-52.0K | · | $-500.0K | |
| Amort. of Intangibles | · | · | $531.0K | $532.0K | $533.0K | $1M | $1M | $1M | |
| Restructuring | · | $35M | $14M | · | · | · | · | · | |
| Other Non-cash | $-15M | $-14M | $-293M | $1.05B | $-680M | $76M | $33M | · | |
| Operating Cash Flow | $-392M | $-446M | $-779M | $1.66B | $-48M | $-191M | $-130M | $-94M | |
| CapEx | $5M | $7M | $22M | $68M | $22M | $7M | $9M | $8M | |
| Investing Cash Flow | $310M | $499M | $165M | $-1.19B | $-141M | $-10M | $-256M | $-60M | |
| Stock Issued | · | · | · | $0 | $0 | $323M | $126M | · | |
| Net Stock Activity | · | · | · | $0 | · | $323M | $126M | · | |
| Financing Cash Flow | $4M | $4M | $7M | $35M | $100M | $529M | $449M | $25M | |
| Net Change in Cash | $-78M | $57M | $-607M | $505M | $-88M | $329M | $63M | $-130M | |
| Taxes Paid | $2M | $786.0K | $3M | $-252M | $0 | $0 | · | · | |
| Free Cash Flow | $-397M | $-454M | $-800M | $1.60B | $-69M | $-197M | $-139M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -699.2% | -791.3% | -794.0% | 51.6% | 38.4% | -388.9% | -2199.7% | · | |
| Net Margin | -638.9% | -703.4% | -713.8% | 31.9% | 48.2% | -391.1% | -2159.0% | · | |
| Pretax Margin | -638.6% | -705.0% | -728.9% | 46.7% | 50.2% | -391.0% | -2157.1% | · | |
| EBITDA Margin | -682.1% | -771.6% | -772.1% | 51.9% | 38.9% | -383.1% | -2159.0% | · | |
| ROA | -36.5% | -31.5% | -26.1% | 21.7% | 36.8% | -41.8% | -49.6% | · | |
| ROE | -51.1% | -43.7% | -37.7% | 24.4% | 45.8% | -39.1% | -244.1% | · | |
| ROIC | -62.7% | -50.9% | -42.1% | 27.4% | 28.2% | -41.4% | -42.0% | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.5 | 8.7 | 9.1 | 4.9 | 4.6 | 7.8 | 6.8 | · | |
| Quick Ratio | 5.0 | 7.5 | 8.6 | 4.6 | 3.9 | 7.4 | 6.5 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.0 | 0.0 | 0.7 | 0.8 | 0.1 | 0.0 | · | |
| Receivables Turnover | · | · | · | 4.2 | 2.8 | · | · | · |
Growth Rates 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -7.6% | -13.9% | -94.7% | 47.5% | 1334.4% | · | · | · | |
| Revenue CAGR 3Y | -65.1% | -59.2% | 4.1% | · | · | · | · | · | |
| Revenue CAGR 5Y | -2.1% | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | -3.3% | · | · | · | · | |
| Net Income YoY | · | · | · | -2.4% | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $69M | $74M | $86M | $1.62B | $1.10B | $76M | $8M | · | |
| Net Income TTM | $-438M | $-522M | $-615M | $516M | $529M | $-299M | $-175M | · | |
| Market Cap | $841M | $1.01B | $1.36B | $3.37B | $5.49B | $3.41B | $1.35B | · | |
| P/E | -1.9 | -1.9 | -2.2 | 6.6 | 10.6 | -10.7 | -2.2 | · | |
| P/S | 12.3 | 13.5 | 15.7 | 2.1 | 5.0 | 44.7 | 167.3 | · | |
| P/B | 1.1 | 0.9 | 0.9 | 1.6 | 3.8 | 4.8 | 3.2 | · | |
| P / Tangible Book | 1.1 | 0.9 | 0.9 | 1.7 | 4.0 | 5.1 | · | · | |
| P / Cash Flow | -2.1 | -2.3 | -1.7 | 2.0 | -115.4 | -17.9 | -10.4 | · | |
| P / FCF | -2.1 | -2.2 | -1.7 | 2.1 | -79.1 | -17.3 | -9.8 | · | |
| Earnings Yield | -52.4% | -52.2% | -45.6% | 15.1% | 9.5% | -9.4% | -45.8% | · |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $239M | $-29.0K | $64M | $240.0K | $1M | $3M | $12M | $2M | $3M | $56M | $17M | $3M | $4M | $63M | $49M | $375M | |
| Cost of Revenue | $0 | · | · | · | $11.0K | $0 | $684.0K | $50.0K | $52.0K | $59.0K | $798.0K | $38.0K | $22.0K | $2M | $6M | $22M | |
| R&D Expense | $135M | $109M | $88M | $151M | $98M | $119M | $106M | $195M | $105M | $100M | $109M | $145M | $168M | $158M | $155M | $114M | |
| SG&A Expense | $30M | $23M | $24M | $22M | $22M | $24M | $27M | $26M | $30M | $36M | $41M | $41M | $46M | $47M | $39M | $43M | |
| Operating Expenses | $165M | $132M | $112M | $174M | $120M | $143M | $130M | $234M | $162M | $136M | $156M | $189M | $219M | $206M | $200M | $180M | |
| Operating Income | $73M | $-132M | $-48M | $-173M | $-118M | $-140M | $-117M | $-231M | $-159M | $-80M | $-139M | $-187M | $-215M | $-143M | $-151M | $195M | |
| Interest Income | $9M | $7M | $8M | $9M | $11M | $12M | $14M | $18M | $19M | $21M | $21M | $22M | · | · | · | · | |
| Other Non-op | $-451.0K | $-254.0K | $-335.0K | $-228.0K | $226.0K | $-72.0K | $-506.0K | $-893.0K | $-535.0K | $-287.0K | $-1M | $882.0K | $-367.0K | $-8M | $-26M | $27M | |
| Pretax Income | $80M | $-126M | $-43M | $-163M | $-111M | $-121M | $-105M | $-214M | $-140M | $-65M | $-121M | $-167M | $-198M | $-143M | $-152M | $218M | |
| Income Tax | $179.0K | $170.0K | $-137.0K | $168.0K | $170.0K | $16.0K | $-86.0K | $177.0K | $-2M | $276.0K | $-5M | $-3M | $-3M | $-2M | $-50M | $42M | |
| Net Income | $80M | $-126M | $-43M | $-163M | $-111M | $-121M | $-105M | $-214M | $-138M | $-65M | $-116M | $-163M | $-195M | $-141M | $-102M | $175M | |
| EPS (Basic) | $0.48 | $-0.85 | $-0.31 | $-1.17 | $-0.80 | $-0.88 | $-0.77 | $-1.56 | $-1.02 | $-0.48 | $-0.86 | $-1.22 | $-1.45 | $-1.06 | $-0.78 | $1.32 | |
| EPS (Diluted) | $0.47 | $-0.85 | $-0.31 | $-1.17 | $-0.80 | $-0.88 | $-0.77 | $-1.56 | $-1.02 | $-0.48 | $-0.86 | $-1.22 | $-1.45 | $-1.06 | $-0.74 | $1.30 | |
| Shares (Basic) | 167,719,015 | 147,356,811 | -276,326,123 | 138,930,173 | 138,447,469 | 137,468,900 | -271,911,261 | 136,653,753 | 136,223,725 | 135,280,648 | -267,770,614 | 134,289,620 | 134,059,079 | 133,552,839 | -264,652,172 | 132,729,530 | |
| Shares (Diluted) | 168,879,127 | 147,356,811 | -276,326,123 | 138,930,173 | 138,447,469 | 137,468,900 | -271,911,261 | 136,653,753 | 136,223,725 | 135,280,648 | -267,770,614 | 134,289,620 | 134,059,079 | 133,552,839 | -267,138,194 | 134,963,317 | |
| EBITDA | $73M | $-129M | · | $-173M | $-118M | $-137M | · | $-231M | $-159M | $-76M | · | $-182M | $-211M | $-138M | · | $197M |
Balance Sheet 25
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $279M | $274M | $232M | $170M | $211M | $274M | $223M | $168M | $297M | $161M | $242M | $452M | $667M | $825M | $849M | $964M | |
| Short-term Investments | $250M | $196M | $229M | $328M | $388M | $517M | $678M | $741M | $850M | $985M | · | $1.23B | $1.17B | $1.41B | · | $1.36B | |
| Receivables | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Prepaid Expense | $39M | $45M | $45M | $37M | $41M | $42M | $48M | $43M | $41M | $50M | · | $59M | $86M | $98M | · | $54M | |
| Other Current Assets | · | · | · | · | · | · | · | $0 | $1M | $4M | · | $5M | $13M | $18M | · | · | |
| Current Assets | $574M | $523M | $514M | $546M | $736M | $932M | $1.04B | $1.05B | $1.21B | $1.21B | · | $1.77B | $1.95B | $2.36B | · | $2.41B | |
| PP&E (Net) | $50M | $53M | $56M | $58M | $61M | $62M | $63M | $65M | $66M | $92M | · | $99M | $104M | $104M | · | $100M | |
| PP&E (Gross) | $103M | $103M | $103M | $103M | $102M | $101M | $100M | $100M | $99M | $131M | · | $129M | $130M | $130M | · | $119M | |
| Accum. Depreciation | $53M | $50M | $47M | $44M | $42M | $39M | $37M | $35M | $33M | $38M | · | $30M | $26M | $26M | · | $19M | |
| Goodwill | $17M | $17M | $17M | $17M | $17M | $17M | $17M | $17M | $17M | $17M | · | $17M | $17M | $17M | · | $17M | |
| Intangibles | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $19M | $19M | $22M | · | $25M | $26M | $33M | · | $33M | |
| Total Assets | $1.21B | $1.03B | $1.00B | $1.02B | $1.19B | $1.31B | $1.40B | $1.50B | $1.67B | $1.79B | · | $2.04B | $2.24B | $2.67B | · | $2.70B | |
| Accounts Payable | $18M | $5M | $10M | $7M | $12M | $4M | $5M | $7M | $4M | $7M | · | $4M | $12M | $12M | · | $3M | |
| Current Liabilities | $95M | $74M | $93M | $75M | $105M | $137M | $120M | $117M | $96M | $94M | · | $165M | $226M | $485M | · | $308M | |
| Capital Leases | $84M | $87M | $89M | $91M | $93M | $88M | $90M | $93M | $95M | $109M | · | $114M | $118M | $121M | · | $127M | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | · | · | · | · | $3M | · | $18M | |
| Other Non-current Liabilities | $19M | $19M | $22M | $13M | $13M | $15M | $15M | $14M | $14M | $14M | · | $13M | $12M | $8M | · | $7M | |
| Total Liabilities | $232M | $213M | $238M | $223M | $245M | $264M | $248M | $258M | $236M | $247M | · | $370M | $434M | $695M | · | $546M | |
| Common Stock | $17.0K | $16.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | $14.0K | · | $13.0K | $13.0K | $13.0K | · | $13.0K | |
| Paid-in Capital | $2.23B | $2.14B | $1.97B | $1.95B | $1.94B | $1.93B | $1.91B | $1.89B | $1.88B | $1.85B | · | $1.80B | $1.77B | $1.74B | · | $1.68B | |
| Retained Earnings | $-1.24B | $-1.32B | $-1.20B | $-1.15B | $-992M | $-881M | $-760M | $-655M | $-441M | $-303M | · | $-122M | $42M | $236M | · | $479M | |
| AOCI | $-5M | $-3M | $-2M | $-2M | $-2M | $-2M | $-2M | $1M | $-3M | $-2M | · | $-2M | $-3M | $-3M | · | $-12M | |
| Stockholders' Equity | $982M | $813M | $765M | $796M | $947M | $1.04B | $1.15B | $1.24B | $1.43B | $1.55B | $1.59B | $1.68B | $1.81B | $1.97B | $2.08B | $2.15B | |
| Liabilities + Equity | $1.21B | $1.03B | $1.00B | $1.02B | $1.19B | $1.31B | $1.40B | $1.50B | $1.67B | $1.79B | · | $2.04B | $2.24B | $2.67B | · | $2.70B | |
| Shares Outstanding | 169,185,671 | 161,234,058 | 139,474,954 | 139,022,594 | 138,886,274 | 138,063,698 | 136,959,446 | 136,706,350 | 136,590,097 | 135,843,560 | 134,781,286 | 134,497,886 | 134,230,494 | 133,930,957 | 133,236,687 | 133,027,358 |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $5M | $5M | $4M | $5M | $6M | $2M | $2M | |
| Stock-based Comp | $12M | $12M | $11M | $11M | $12M | $14M | $16M | $17M | $22M | $24M | $28M | $27M | $31M | $25M | $25M | $25M | |
| Deferred Tax | · | · | · | · | · | · | $-3M | $57.0K | · | · | $-1M | $0 | · | · | · | · | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | · | · | $133.0K | $133.0K | $133.0K | · | $133.0K | |
| Restructuring | · | · | · | · | · | · | $-4M | $13M | $26M | $-48.0K | · | · | · | · | · | · | |
| Other Non-cash | · | $-22M | · | · | · | $26M | · | · | · | $-72M | · | · | · | $-16M | · | · | |
| Operating Cash Flow | $123M | $-132M | $-26M | $-168M | $-120M | $-78M | $-88M | $-171M | $-78M | $-109M | $-108M | $-156M | $-389M | $-126M | $35M | $118M | |
| CapEx | $32.0K | $390.0K | $348.0K | $317.0K | $3M | $2M | $2M | $3M | $666.0K | $2M | $2M | $4M | $9M | $7M | $13M | $19M | |
| Investing Cash Flow | $-197M | $12M | $87M | $40M | $56M | $127M | $141M | $119M | $212M | $28M | $-105M | $-59M | $230M | $98M | $-153M | $-663M | |
| Stock Issued | · | $162M | · | · | · | $0 | · | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | $162M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $78M | $163M | $1M | $102.0K | $2M | $598.0K | $1M | $31.0K | $3M | $152.0K | $2M | $277.0K | $3M | $2M | $2M | $2M | |
| Net Change in Cash | $5M | $42M | $62M | $-127M | $-62M | $49M | $54M | $-53M | $137M | $-81M | $-211M | $-215M | $-156M | $-25M | $-116M | $-543M | |
| Taxes Paid | · | · | $154.0K | $5M | · | · | · | $0 | · | · | · | · | · | · | $-444M | $102M | |
| Free Cash Flow | · | $-133M | · | · | · | $-80M | · | · | · | $-111M | · | · | · | $-133M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 30.8% | 456172.4% | · | -72267.9% | -9754.3% | -4602.5% | · | -9718.7% | -5158.7% | -142.1% | · | -7075.9% | -5667.3% | -227.7% | · | 52.0% | |
| Net Margin | 33.5% | 433431.0% | · | -67975.4% | -9139.9% | -3989.6% | · | -8979.7% | -4500.1% | -115.8% | · | -6192.2% | -5129.7% | -223.9% | · | 46.8% | |
| Pretax Margin | 33.6% | 432844.8% | · | -67905.4% | -9125.9% | -3989.1% | · | -8972.3% | -4549.3% | -115.3% | · | -6314.0% | -5204.7% | -227.4% | · | 58.1% | |
| EBITDA Margin | 30.8% | 446479.3% | · | -72267.9% | -9754.3% | -4507.9% | · | -9718.7% | -5158.7% | -134.0% | · | -6905.3% | -5546.1% | -219.0% | · | 52.5% | |
| ROA | 6.7% | -10.8% | · | -13.0% | -7.8% | -7.8% | · | -12.1% | -7.1% | -2.9% | · | -6.9% | -8.0% | -5.1% | · | 9.0% | |
| ROE | 8.3% | -13.5% | · | -16.0% | -9.3% | -9.3% | · | -14.7% | -8.5% | -3.7% | · | -8.5% | -10.3% | -7.1% | · | 11.6% | |
| ROIC | 7.5% | -16.3% | · | -21.8% | -12.5% | -13.4% | · | -18.7% | -10.9% | -5.2% | · | -10.9% | -11.7% | -7.2% | · | 7.3% |
Liquidity & Solvency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.0 | 7.1 | · | 7.3 | 7.0 | 6.8 | · | 8.9 | 12.5 | 12.9 | · | 10.7 | 8.6 | 4.9 | · | 7.8 | |
| Quick Ratio | 5.6 | 6.4 | · | 6.6 | 5.7 | 5.8 | · | 7.8 | 11.9 | 12.2 | · | 10.2 | 8.1 | 4.6 | · | 7.5 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.2 | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 8.1 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $240M | $4M | · | $7M | $10M | $65M | · | $64M | $66M | $126M | · | $444M | $401M | $1.63B | · | $1.67B | |
| Net Income TTM | $-320M | $-521M | · | $-609M | $-584M | $-538M | · | $-581M | $-562M | $-564M | · | $-324M | $-237M | $476M | · | $728M | |
| Market Cap | $1.72B | $1.44B | · | $794M | $700M | $895M | · | $1.02B | $1.22B | $1.38B | · | $1.26B | $3.29B | $3.12B | · | $2.56B | |
| P/E | -4.3 | -2.4 | · | -1.3 | -1.2 | -1.6 | · | -1.8 | -2.1 | -2.4 | · | -3.9 | -13.7 | 6.6 | · | 3.6 | |
| P/S | 7.2 | 324.1 | · | 115.6 | 72.2 | 13.8 | · | 15.9 | 18.5 | 10.9 | · | 2.8 | 8.2 | 1.9 | · | 1.5 | |
| P/B | 1.8 | 1.8 | · | 1.0 | 0.7 | 0.9 | · | 0.8 | 0.8 | 0.9 | · | 0.8 | 1.8 | 1.6 | · | 1.2 | |
| P / Tangible Book | 1.8 | 1.8 | · | 1.0 | 0.8 | 0.9 | · | 0.9 | 0.9 | 0.9 | · | 0.8 | 1.9 | 1.6 | · | 1.2 | |
| P / Cash Flow | · | -10.9 | · | · | · | -11.5 | · | · | · | -12.6 | · | · | · | -24.8 | · | · | |
| P / FCF | · | -10.9 | · | · | · | -11.2 | · | · | · | -12.4 | · | · | · | -23.5 | · | · | |
| Earnings Yield | -23.1% | -41.3% | · | -77.2% | -84.5% | -60.8% | · | -57.1% | -46.9% | -41.6% | · | -25.9% | -7.3% | 15.1% | · | 28.0% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $69M | $74M | $86M | $1.62B | $1.10B |
| Operating Margin % | -699.2% | -791.3% | -794.0% | 51.6% | 38.4% |
| Net Income | $-438M | $-522M | $-615M | $516M | $529M |
| Diluted EPS | $-3.16 | $-3.83 | $-4.59 | $3.83 | $3.96 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 5.5 | 8.7 | 9.1 | 4.9 | 4.6 |
| Quick Ratio | 5.0 | 7.5 | 8.6 | 4.6 | 3.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-397M | $-454M | $-800M | $1.60B | $-69M |
Latest News Recent headlines mentioning this company
- Why a Biotech Fund Opened a New $6 Million Position in Vir Amid a 99% Stock Rally
- Vir Biotechnology's Chairman of the Board Sold 22,000 Company Shares. Here's What That Means for Investors.
- Is Vir Biotechnology, Inc. (VIR) A Good Stock To Buy Now?
- Vir Biotechnology (VIR) CEO Sells 73,000 Shares for $664,000
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 259 filers · $1.2B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 42 (-26 vs prior Q) | 41 (+14 vs prior Q) | 87 (-24 vs prior Q) | 75 (+29 vs prior Q) | +21.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| ARCH Venture Management, LLC | $129,353,521 | 12,694,163 | 11.11% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $117,136,241 | 11,495,215 | 10.06% | Shares |
| SB INVESTMENT ADVISERS (UK) LTD | $111,561,068 | 10,948,093 | 9.59% | Shares |
| STATE STREET CORP | $101,534,699 | 9,964,151 | 8.72% | Shares |
| GSK plc | $87,134,221 | 8,550,954 | 7.49% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $65,101,617 | 6,388,775 | 5.59% | Shares |
| Point72 Asset Management, L.P. | $57,744,906 | 5,666,821 | 4.96% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $29,728,265 | 2,917,396 | 2.55% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $29,394,674 | 2,884,182 | 2.53% | Shares |
| ADAR1 Capital Management, LLC | $25,033,539 | 2,456,677 | 2.15% | Shares |
| GOLDMAN SACHS GROUP INC | $22,206,109 | 2,179,206 | 1.91% | Shares |
| Pictet Asset Management Holding SA | $19,904,290 | 1,953,316 | 1.71% | Shares |
| Boxer Capital Management, LLC | $19,014,540 | 1,866,000 | 1.63% | Shares |
| Hudson Bay Capital Management LP | $13,899,160 | 1,364,000 | 1.19% | Shares |
| GordonMD Global Investments LP | $13,792,695 | 1,353,552 | 1.19% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $13,483,255 | 1,323,185 | 1.16% | Shares |
| TWO SIGMA INVESTMENTS, LP | $11,313,213 | 1,110,227 | 0.97% | Shares |
| Sio Capital Management, LLC | $10,957,042 | 1,075,274 | 0.94% | Shares |
| Savvy Advisors, Inc. | $10,604,376 | 1,040,665 | 0.91% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $10,361,844 | 1,016,864 | 0.89% | Shares |
| Soleus Capital Management, L.P. | $10,190,000 | 1,000,000 | 0.88% | Shares |
| BANK OF AMERICA CORP /DE/ | $9,670,045 | 948,974 | 0.83% | Shares |
| SUPERSTRING CAPITAL MANAGEMENT LP | $8,699,050 | 853,685 | 0.75% | Shares |
| FMR LLC | $8,624,011 | 846,321 | 0.74% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $8,575,466 | 841,557 | 0.74% | Shares |
| Ensign Peak Advisors, Inc | $8,496,208 | 833,779 | 0.73% | Shares |
| ALGERT GLOBAL LLC | $8,202,716 | 804,977 | 0.70% | Shares |
| Saturn V Capital Management LP | $7,852,852 | 770,643 | 0.67% | Shares |
| CITADEL ADVISORS LLC | $7,698,402 | 755,486 | 0.66% | Shares |
| JPMORGAN CHASE & CO | $7,529,071 | 725,344 | 0.65% | Shares |
| Jones Hill Capital LP | $6,717,380 | 659,213 | 0.58% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $6,661,121 | 653,692 | 0.57% | Shares |
| Qube Research & Technologies Ltd | $6,536,742 | 641,486 | 0.56% | Shares |
| Candriam S.C.A. | $6,379,827 | 626,690 | 0.55% | Shares |
| Clearstead Advisors, LLC | $6,197,906 | 608,234 | 0.53% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $5,954,037 | 584,302 | 0.51% | Shares |
| Weiss Asset Management LP | $5,660,963 | 555,541 | 0.49% | Shares |
| Avidity Partners Management LP | $5,291,667 | 519,300 | 0.45% | Shares |
| Walleye Capital LLC | $5,240,218 | 514,251 | 0.45% | Shares |
| Alta Partners Management Company, L.P. | $5,196,054 | 509,917 | 0.45% | Shares |
| Parkman Healthcare Partners LLC | $4,843,093 | 475,279 | 0.42% | Shares |
| Jump Financial, LLC | $4,673,857 | 458,671 | 0.40% | Shares |
| Public Sector Pension Investment Board | $4,251,360 | 417,209 | 0.37% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $3,813,760 | 374,265 | 0.33% | Shares |
| AMERICAN CENTURY COMPANIES INC | $3,556,514 | 349,020 | 0.31% | Shares |
| Susquehanna Portfolio Strategies, LLC | $3,521,063 | 345,541 | 0.30% | Shares |
| TWO SIGMA ADVISERS, LP | $3,483,531 | 577,700 | 0.30% | Shares |
| Corient Private Wealth LP | $3,164,542 | 310,548 | 0.27% | Shares |
| RHUMBLINE ADVISERS | $2,905,698 | 285,154 | 0.25% | Shares |
| Swiss National Bank | $2,389,555 | 234,500 | 0.21% | Shares |
| Birchview Capital, LP | $2,241,800 | 220,000 | 0.19% | Shares |
| Y-Intercept (Hong Kong) Ltd | $2,186,051 | 214,529 | 0.19% | Shares |
| CITIGROUP INC | $2,153,402 | 211,325 | 0.19% | Shares |
| AMERIPRISE FINANCIAL INC | $2,075,458 | 203,676 | 0.18% | Shares |
| BlackRock, Inc. | $2,069,752 | 203,116 | 0.18% | Shares |
| D. E. Shaw & Co., Inc. | $2,010,935 | 197,344 | 0.17% | Shares |
| Hillsdale Investment Management Inc. | $1,907,527 | 187,196 | 0.16% | Shares |
| Legal & General Group Plc | $1,893,607 | 185,830 | 0.16% | Shares |
| Erste Asset Management GmbH | $1,876,704 | 180,800 | 0.16% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $1,842,444 | 180,809 | 0.16% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $1,702,437 | 165,768 | 0.15% | Shares |
| Eversept Partners, LP | $1,596,121 | 156,636 | 0.14% | Shares |
| WINTON GROUP Ltd | $1,564,073 | 153,491 | 0.13% | Shares |
| OP Asset Management Ltd | $1,551,499 | 152,257 | 0.13% | Shares |
| Man Group plc | $1,535,511 | 150,688 | 0.13% | Shares |
| Rafferty Asset Management, LLC | $1,400,809 | 137,469 | 0.12% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $1,389,254 | 136,335 | 0.12% | Shares |
| Edgestream Partners, L.P. | $1,368,731 | 134,321 | 0.12% | Shares |
| DEUTSCHE BANK AG\ | $1,368,089 | 134,258 | 0.12% | Shares |
| Engineers Gate Manager LP | $1,308,671 | 128,427 | 0.11% | Shares |
| Quantinno Capital Management LP | $1,303,556 | 127,925 | 0.11% | Shares |
| Squarepoint Ops LLC | $1,285,377 | 126,141 | 0.11% | Shares |
| PRUDENTIAL FINANCIAL INC | $1,281,005 | 125,712 | 0.11% | Shares |
| Raiffeisen Bank International AG | $1,245,600 | 120,000 | 0.11% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,218,470 | 135,990 | 0.10% | Shares |
| Empyrean Capital Partners, LP | $1,161,660 | 114,000 | 0.10% | Shares |
| WELLS FARGO & COMPANY/MN | $1,100,428 | 107,991 | 0.09% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,017,981 | 99,900 | 0.09% | Call option |
| NOMURA HOLDINGS INC | $979,259 | 96,100 | 0.08% | Call option |
| NOMURA HOLDINGS INC | $979,259 | 96,100 | 0.08% | Put option |
| Nuveen, LLC | $913,829 | 89,679 | 0.08% | Shares |
| Trexquant Investment LP | $869,717 | 85,350 | 0.07% | Shares |
| BIT Capital GmbH | $815,200 | 80,000 | 0.07% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $783,896 | 76,928 | 0.07% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $782,880 | 87,375 | 0.07% | Shares |
| MORGAN STANLEY | $770,242 | 75,588 | 0.07% | Shares |
| Schonfeld Strategic Advisors LLC | $753,182 | 73,914 | 0.06% | Shares |
| PROFUND ADVISORS LLC | $744,655 | 73,077 | 0.06% | Shares |
| MetLife Investment Management, LLC | $731,866 | 71,822 | 0.06% | Shares |
| Quinn Opportunity Partners LLC | $723,245 | 70,976 | 0.06% | Shares |
| Illinois Municipal Retirement Fund | $702,529 | 68,943 | 0.06% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $695,672 | 68,270 | 0.06% | Shares |
| LMR Partners LLP | $690,882 | 67,800 | 0.06% | Shares |
| IEQ CAPITAL, LLC | $678,318 | 66,567 | 0.06% | Shares |
| ACT CAPITAL MANAGEMENT, LLC | $655,217 | 64,300 | 0.06% | Shares |
| Headlands Technologies LLC | $655,207 | 64,299 | 0.06% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $596,156 | 58,504 | 0.05% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $585,599 | 57,468 | 0.05% | Shares |
| CITADEL ADVISORS LLC | $543,127 | 53,300 | 0.05% | Call option |
| Louisiana State Employees Retirement System | $542,108 | 53,200 | 0.05% | Shares |
Company insiders 27 insiders · 11 officers · 13 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Marianne De Backer | Chief Executive Officer | April 3, 2023 A | 576,452 | 0 | 0 | $0 |
| Sung Lee | Chief Financial Officer | March 27, 2023 A | 66,500 | 0 | 0 | $0 |
| Howard Horn | CFO | Feb. 23, 2023 S | 230,712 | 0 | 0 | $0 |
| Johanna Friedl-Naderer | EVP & Chief Operating Officer | March 3, 2023 S | 148,518 | 0 | 0 | $0 |
| Brent Sabatini | SVP, Chief Accounting Officer | June 1, 2026 S | 61,902 | 0 | 1 | $-3,582 |
| Mark Eisner | EVP and Chief Medical Officer | July 15, 2024 A | 75,000 | 0 | 0 | $0 |
| Phillip Pang | Chief Medical Officer | June 7, 2023 M | 188,000 | 0 | 0 | $0 |
| Steven J. Rice | Chief Administrative Officer | June 1, 2023 S | 106,840 | 0 | 0 | $0 |
| Ann M. Hanly | Chief Technology Officer | March 30, 2023 S | 114,576 | 0 | 0 | $0 |
| Herbert Virgin | EVP, Research & CSO | Aug. 9, 2022 M | 262,500 | 0 | 0 | $0 |
| Jay Parrish | Chief Business Officer | April 1, 2021 M | 9,260 | 0 | 0 | $0 |
| Timothy Coughlin | Director | June 9, 2026 A | 16,000 | 0 | 0 | $0 |
| Janet Napolitano | Director | June 1, 2026 S | 21,216 | 0 | 1 | $-30,240 |
| Vicki L Sato | Director | Sept. 2, 2025 S | 1,254,391 | 0 | 1 | $-109,780 |
| George A Scangos | Director | Sept. 15, 2023 J | 0 | 0 | 0 | $0 |
| Saira Ramasastry | Director | June 1, 2023 S | 10,619 | 0 | 0 | $0 |
| Charles Elliott Sigal | Director | May 22, 2023 A | 15,806 | 0 | 0 | $0 |
| Jeffrey S. Hatfield | Director | May 22, 2023 A | 15,806 | 0 | 0 | $0 |
| Robert J Perez | Director | May 22, 2023 A | 15,806 | 0 | 0 | $0 |
| SHARP PHILLIP A | Director | May 22, 2023 A | 121,174 | 0 | 0 | $0 |
| Robert Nelsen | Director | May 22, 2023 A | 576,148 | 0 | 0 | $0 |
| Dipchand Nishar | Director | May 21, 2021 A | 3,374 | 0 | 0 | $0 |
| Kristina Burow | Director | May 21, 2020 A | 1,000,000 | 0 | 0 | $0 |
| Klaus Frueh | Director | Oct. 16, 2019 C | 362,844 | 0 | 0 | $0 |
| Bill & Melinda Gates Foundation | 10% owner | Oct. 16, 2019 C | 2,777,777 | 0 | 0 | $0 |
| Alaska Permanent Fund Corp | 10% owner | Oct. 16, 2019 C | 5,555,556 | 0 | 0 | $0 |
| Robert J More | — | Aug. 11, 2026 J | 517,917 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| ARCH Venture Fund IX, L.P., ARCH Venture Fund IX Overage, L.P., ARCH Venture Partners IX, L.P., ARCH Venture Partners IX Overage, L.P., ARCH Venture Partners IX, LLC, Robert Nelsen, Keith Crandell, Clinton Bybee ×8 filings | March 3, 2026 | 8.50% | Amendment | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 58 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IDNA · iShares Trust | 1.28% | 289,265 SH | Aug. 8, 2026 | Daily |
| BBC · ETFis Series Trust I | 1.13% | 41,256 NS | April 30, 2026 | N-PORT |
| GNOM · Global X Funds | 1.11% | 64,900 NS | May 31, 2026 | N-PORT |
| PSCH · Invesco Exchange-Traded Fund Trust … | 0.54% | 105,388 SH | Aug. 8, 2026 | Daily |
| LABU · Direxion Shares ETF Trust | 0.28% | 144,675 NS | April 30, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.15% | 47,997 SH | Aug. 8, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.10% | 9,180 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.10% | 283,217 NS | May 31, 2026 | N-PORT |
| IBB · iShares Trust | 0.09% | 980,934 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.08% | 152,022 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.08% | 106,919 SH | Aug. 8, 2026 | Daily |
| BIB · ProShares Trust | 0.08% | 5,810 NS | May 31, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.07% | 20,835 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.07% | 423,304 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.07% | 1,139,596 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.07% | 634,168 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.07% | 14,270 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.06% | 208,762 SH | Aug. 8, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.06% | 59,262 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.06% | 7,409,402 SH | Aug. 8, 2026 | Daily |
| IJT · iShares Trust | 0.05% | 462,543 SH | Aug. 8, 2026 | Daily |
| SAA · ProShares Trust | 0.05% | 1,348 NS | May 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.04% | 2,019,005 SH | Aug. 8, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.04% | 79,032 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.04% | 707,200 SH | Aug. 8, 2026 | Daily |
| SMDX · Tidal Trust III | 0.04% | 4,731 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.04% | 527,512 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.03% | 3,091,124 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.03% | 40,443 NS | April 30, 2026 | N-PORT |
| TECB · iShares Trust | 0.02% | 13,104 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 539,334 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.02% | 4,393 NS | May 31, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.02% | 3,484,960 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.02% | 352,449 SH | Aug. 8, 2026 | Daily |
| FHLC · FIDELITY COVINGTON TRUST | 0.02% | 54,198 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.02% | 13,735 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.02% | 5,053 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.01% | 15,618 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 3,436 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 4,496 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 1,398,053 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 3,473 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 6,203 SH | Aug. 8, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.01% | 21,831 NS | April 30, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 66,676 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 4,363 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 10,345 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 207,815 NS | April 30, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.00% | 10,075 SH | Aug. 8, 2026 | Daily |
| HDG · ProShares Trust | 0.00% | 87 NS | May 31, 2026 | N-PORT |