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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 2,380 $ 2,639 $ 61,831 $ 69,393
Operating expenses:        
Cost of revenue 50 38 161 1,967
Research and development 195,178 145,028 400,416 470,754
Selling, general and administrative 25,744 40,933 92,330 133,223
Restructuring, long-lived assets impairment and related charges 12,712 3,372 38,939 8,738
Total operating expenses 233,684 189,371 531,846 614,682
Loss from operations (231,304) (186,732) (470,015) (545,289)
Other income:        
Change in fair value of equity investments 1,130 (2,707) (4,356) (20,896)
Interest income 17,527 21,931 57,656 66,254
Other (expense) income, net (893) 882 (1,715) (7,506)
Total other income 17,764 20,106 51,585 37,852
Loss before (provision for) benefit from income taxes (213,540) (166,626) (418,430) (507,437)
(Provision for) benefit from income taxes (177) 3,213 1,059 8,293
Net loss (213,717) (163,413) (417,371) (499,144)
Net loss attributable to noncontrolling interest 0 0 0 (56)
Net loss attributable to Vir $ (213,717) $ (163,413) $ (417,371) $ (499,088)
Net loss per share attributable to Vir, basic (in USD per share) $ (1.56) $ (1.22) $ (3.07) $ (3.73)
Net loss per share attributable to Vir, diluted (in USD per share) $ (1.56) $ (1.22) $ (3.07) $ (3.73)
Weighted-average shares outstanding, basic (in shares) 136,653,753 134,289,620 136,058,223 133,969,878
Weighted-average shares outstanding, diluted (in shares) 136,653,753 134,289,620 136,058,223 133,969,878
Collaboration revenue        
Revenues:        
Total revenues $ (1,102) $ (4,387) $ (2,034) $ 28,408
Contract revenue        
Revenues:        
Total revenues 1,391 289 54,468 1,484
Grant revenue        
Revenues:        
Total revenues $ 2,091 $ 6,737 $ 9,397 $ 39,501