Net Loss Per Share

3 Months Ended

Mar. 31, 2024

Basic net loss per common share is computed by dividing the net loss attributable to Vir by the weighted-average number of common shares outstanding during the period, without consideration of common stock equivalents. Diluted net loss per common share is computed by dividing the net loss attributable to Vir by the sum of the weighted-average number of common shares outstanding during the period plus any potential dilutive effects of common stock equivalents outstanding during the period calculated in accordance with the treasury stock method. For periods that the Company was in a net loss position, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential common securities outstanding would have been anti-dilutive.

The following is a calculation of the basic and diluted net loss per share (in thousands, except share and per share data):


	Three Months Ended March 31,
	2024		2023
Net loss attributable to Vir	$	(65,276)	$	(140,900)
Weighted-average shares outstanding, basic and diluted	135,280,648		133,552,839
Net loss attributable to Vir per share, basic and diluted	$	(0.48)	$	(1.06)

Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:


	Three Months Ended March 31,
	2024	2023
Options issued and outstanding	12,018,822	9,135,760
Restricted shares subject to future vesting	4,521,874	3,032,073
Total	16,540,696	12,167,833