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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Total revenue $ 14,969 $ 802
Operating expenses    
Research and development 42,236 44,874
General and administrative 29,670 39,842
Goodwill impairment 12,209 0
Total operating expenses 84,115 84,716
Other operating income 1,176 0
Loss from operations (67,970) (83,914)
Other income/(expense):    
Interest income 2,678 2,877
Interest expense (53) (28)
Research and development incentives 3,983 3,461
Other income 135 1,082
Total other income, net 6,743 7,392
Loss before income tax (61,227) (76,522)
Tax benefit 44 3,075
Net loss (61,183) (73,447)
Net loss attributable to noncontrolling interest 109 100
Net loss attributable to Barinthus Biotherapeutics plc shareholders $ (61,074) $ (73,347)
Weighted-average ordinary shares outstanding, basic (in shares) 39,348,240 38,386,491
Weighted-average ordinary shares outstanding, diluted (in shares) 39,348,240 38,386,491
Net loss per share attributable to ordinary shareholders, basic (in usd per share) $ (1.55) $ (1.91)
Net loss per share attributable to ordinary shareholders, diluted (in usd per share) $ (1.55) $ (1.91)
Net loss $ (61,183) $ (73,447)
Other comprehensive (loss)/gain – foreign currency translation adjustments (2,549) 10,151
Comprehensive loss (63,732) (63,296)
Comprehensive loss attributable to noncontrolling interest 105 94
Comprehensive loss attributable to Barinthus Biotherapeutics plc shareholders (63,627) (63,202)
License revenue    
Total revenue [1] $ 14,969 $ 802
[1] All license revenue is from related parties and is generated in the United Kingdom for the years ended December 31, 2024 and 2023.