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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 2,639 $ 374,557 $ 69,393 $ 1,566,387
Operating expenses:        
Cost of revenue 38 22,253 1,967 140,323
Research and development 148,253 114,166 477,756 319,475
Selling, general and administrative 41,080 43,174 134,959 123,019
Total operating expenses 189,371 179,593 614,682 582,817
(Loss) income from operations (186,732) 194,964 (545,289) 983,570
Other income (expense):        
Change in fair value of equity investments (2,707) (13,590) (20,896) (120,019)
Interest income 21,931 9,332 66,254 11,920
Other income (expense), net 882 27,026 (7,506) 30,447
Total other income (expense) 20,106 22,768 37,852 (77,652)
(Loss) income before benefit from (provision for) income taxes (166,626) 217,732 (507,437) 905,918
Benefit from (provision for) income taxes 3,213 (42,420) 8,293 (288,478)
Net (loss) income (163,413) 175,312 (499,144) 617,440
Net loss attributable to noncontrolling interest 0 0 (56) 0
Net (loss) income attributable to Vir $ (163,413) $ 175,312 $ (499,088) $ 617,440
Net (loss) income per share, basic (in USD per share) $ (1.22) $ 1.32 $ (3.73) $ 4.66
Net (loss) income per share, diluted (in USD per share) $ (1.22) $ 1.30 $ (3.73) $ 4.58
Weighted-average shares outstanding, basic (in shares) 134,289,620 132,729,530 133,969,878 132,422,028
Weighted-average share outstanding, diluted 134,289,620 134,963,317 133,969,878 134,711,777
Collaboration revenue        
Revenues:        
Total revenues $ (4,387) $ 309,145 $ 28,408 $ 1,483,860
Contract revenue        
Revenues:        
Total revenues 289 39,998 1,484 52,534
License revenue from a related party        
Revenues:        
Total revenues 0 22,289 0 22,289
Grant revenue        
Revenues:        
Total revenues $ 6,737 $ 3,125 $ 39,501 $ 7,704