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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 3,797 $ (40,629) $ 66,754 $ 1,191,830
Operating expenses:        
Cost of revenue 22 27,921 1,929 118,070
Research and development 171,860 115,082 329,503 205,309
Selling, general and administrative 47,101 41,590 93,879 79,845
Total operating expenses 218,983 184,593 425,311 403,224
(Loss) income from operations (215,186) (225,222) (358,557) 788,606
Other income (expense):        
Change in fair value of equity investments (5,086) (11,390) (18,189) (106,429)
Interest income 23,016 2,200 44,323 2,588
Other (expense) income, net (367) 691 (8,388) 3,421
Total other income (expense) 17,563 (8,499) 17,746 (100,420)
(Loss) income before benefit from (provision for) income taxes (197,623) (233,721) (340,811) 688,186
Benefit from (provision for) income taxes 2,848 157,228 5,080 (246,058)
Net (loss) income (194,775) (76,493) (335,731) 442,128
Net loss attributable to noncontrolling interest 0 0 (56) 0
Net (loss) income attributable to Vir $ (194,775) $ (76,493) $ (335,675) $ 442,128
Net (loss) income per share, basic (in USD per share) $ (1.45) $ (0.58) $ (2.51) $ 3.34
Net (loss) income per share, diluted (in USD per share) $ (1.45) $ (0.58) $ (2.51) $ 3.28
Weighted-average shares outstanding, basic (in shares) 134,059,079 132,450,018 133,807,357 132,326,244
Weighted-average share outstanding, diluted 134,059,079 132,450,018 133,807,357 134,643,840
Collaboration revenue        
Revenues:        
Total revenues $ (13,779) $ (54,941) $ 32,795 $ 1,174,715
Contract revenue        
Revenues:        
Total revenues 1,057 12,254 1,195 12,536
Grant revenue        
Revenues:        
Total revenues $ 16,519 $ 2,058 $ 32,764 $ 4,579