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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Revenue, net $ 37,101 $ 12,533 $ 58,725 $ 16,852
Operating expenses:        
Cost of revenues 3,266 3,641 7,480 5,367
Research and development (includes $8,877 and $7,417 of share-based compensation expense for the three months ended September 30, 2023 and 2022 and $16,830 and $19,660 for the six months ended September 30, 2023 and 2022, respectively) 131,984 131,995 257,117 267,825
Acquired in-process research and development 13,950 0 26,450 0
Selling, general and administrative (includes $40,309 and $54,479 of share-based compensation expense for the three months ended September 30, 2023 and 2022 and $81,501 and $115,030 for the six months ended September 30, 2023 and 2022, respectively) 164,355 157,663 320,545 306,735
Total operating expenses 313,555 293,299 611,592 579,927
Loss from operations (276,454) (280,766) (552,867) (563,075)
Change in fair value of investments 45,849 54,678 53,413 79,225
Change in fair value of debt and liability instruments 21,533 (13,541) 76,045 27,672
Gain on deconsolidation of subsidiaries (17,354) (16,762) (17,354) (16,762)
Interest income (14,299) (5,670) (31,014) (7,651)
Interest expense 9,247 8,335 18,159 10,947
Other expense, net 5,931 5,950 1,338 7,035
Loss before income taxes (327,361) (313,756) (653,454) (663,541)
Income tax expense 3,757 2,165 5,509 6,164
Net loss (331,118) (315,921) (658,963) (669,705)
Net loss attributable to noncontrolling interests (26,791) (24,331) (62,820) (46,306)
Net loss attributable to Roivant Sciences Ltd. $ (304,327) $ (291,590) $ (596,143) $ (623,399)
Net loss per common share - basic (in dollars per share) $ (0.4) $ (0.42) $ (0.78) $ (0.89)
Net loss per common share - diluted (in dollars per share) $ (0.4) $ (0.42) $ (0.78) $ (0.89)
Weighted average shares outstanding - basic (in dollars per share) 770,227,849 699,888,061 764,780,630 697,894,414
Weighted average shares outstanding - diluted (in dollars per share) 770,227,849 699,888,061 764,780,630 697,894,414
Product Revenue, Net [Member]        
Revenues:        
Revenue, net $ 18,424 $ 4,969 $ 35,083 $ 5,110
License, Milestone and Other Revenue [Member]        
Revenues:        
Revenue, net $ 18,677 $ 7,564 $ 23,642 $ 11,742