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Vir Biotechnology Valuation Multiples
Discover revenue and EBITDA valuation multiples for Vir Biotechnology and similar public comparables like HBM Holdings, Ardelyx, Iovance Biotherapeutics, Jubilant Pharmova and more.
Vir Biotechnology Overview
About Vir Biotechnology
Vir Biotechnology Inc is a clinical-stage biopharmaceutical company focused on powering the immune system by discovering and developing medicines for serious infectious diseases and cancer. The company uses its capabilities in antibody discovery and engineering, coupled with its proprietary AI engine dAIsY system, and the PRO-XTEN masking platform, to quickly and effectively discover and optimize potential new medicines. Its clinical development pipeline consists of investigational therapies like Tobevibart + elebsiran targeting the hepatitis delta virus (HDV), preclinical antibody candidates targeting HIV, and VIR-5500, VIR-5818, VIR-5525, and 7 PRO-XTEN programs targeting multiple solid tumors. Currently, the company generates revenue mainly by issuing license rights and through grants.
Founded
2016
HQ

Employees
367
Website
Sectors
Financials (LTM)
EV
$1B
Vir Biotechnology Financials
Vir Biotechnology reported last 12-month revenue of $88M and negative EBITDA of ($419M).
In the same LTM period, Vir Biotechnology generated $84M in gross profit, ($419M) in EBITDA losses, and had net loss of ($409M).
Revenue (LTM)
Vir Biotechnology P&L
In the most recent fiscal year, Vir Biotechnology reported revenue of $69M and EBITDA of ($455M).
Vir Biotechnology expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $88M | XXX | $69M | XXX | XXX | XXX |
| Gross Profit | $84M | XXX | $66M | XXX | XXX | XXX |
| Gross Margin | 96% | XXX | 97% | XXX | XXX | XXX |
| EBITDA | ($419M) | XXX | ($455M) | XXX | XXX | XXX |
| EBITDA Margin | (477%) | XXX | (664%) | XXX | XXX | XXX |
| EBIT Margin | (503%) | XXX | (689%) | XXX | XXX | XXX |
| Net Profit | ($409M) | XXX | ($438M) | XXX | XXX | XXX |
| Net Margin | (465%) | XXX | (639%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Vir Biotechnology Stock Performance
Vir Biotechnology has current market cap of $2B, and enterprise value of $1B.
Market Cap Evolution
Vir Biotechnology's stock price is $9.50.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $2B | -3.4% | XXX | XXX | XXX | $-2.74 |
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Start Free TrialVir Biotechnology Valuation Multiples
Vir Biotechnology trades at 13.1x EV/Revenue multiple, and (2.7x) EV/EBITDA.
EV / Revenue (LTM)
Vir Biotechnology Financial Valuation Multiples
As of April 11, 2026, Vir Biotechnology has market cap of $2B and EV of $1B.
Equity research analysts estimate Vir Biotechnology's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Vir Biotechnology has a P/E ratio of (3.7x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 13.1x | XXX | 16.8x | XXX | XXX | XXX |
| EV/EBITDA | (2.7x) | XXX | (2.5x) | XXX | XXX | XXX |
| EV/EBIT | (2.6x) | XXX | (2.4x) | XXX | XXX | XXX |
| EV/Gross Profit | 13.6x | XXX | 17.3x | XXX | XXX | XXX |
| P/E | (3.7x) | XXX | (3.5x) | XXX | XXX | XXX |
| EV/FCF | (3.7x) | XXX | (2.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Vir Biotechnology Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Vir Biotechnology Margins & Growth Rates
Vir Biotechnology's revenue in the last 12 month grew by 43%.
Vir Biotechnology's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $1.5M for the same period.
Vir Biotechnology's rule of 40 is (126%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Vir Biotechnology's rule of X is 36% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Vir Biotechnology Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 43% | XXX | 102% | XXX | XXX | XXX |
| EBITDA Margin | (477%) | XXX | (664%) | XXX | XXX | XXX |
| EBITDA Growth | (20%) | XXX | (29%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (126%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 36% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.5M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 476% | XXX | 665% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 796% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Vir Biotechnology Public Comps
See public comps and valuation multiples for other Biopharmaceuticals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| HBM Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Ardelyx | XXX | XXX | XXX | XXX | XXX | XXX |
| Iovance Biotherapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| Jubilant Pharmova | XXX | XXX | XXX | XXX | XXX | XXX |
| Viridian Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Vir Biotechnology M&A Activity
Vir Biotechnology acquired XXX companies to date.
Last acquisition by Vir Biotechnology was on XXXXXXXX, XXXXX. Vir Biotechnology acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Vir Biotechnology
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialVir Biotechnology Investment Activity
Vir Biotechnology invested in XXX companies to date.
Vir Biotechnology made its latest investment on XXXXXXXX, XXXXX. Vir Biotechnology invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Vir Biotechnology
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Vir Biotechnology
| When was Vir Biotechnology founded? | Vir Biotechnology was founded in 2016. |
| Where is Vir Biotechnology headquartered? | Vir Biotechnology is headquartered in United States. |
| How many employees does Vir Biotechnology have? | As of today, Vir Biotechnology has over 367 employees. |
| Who is the CEO of Vir Biotechnology? | Vir Biotechnology's CEO is Marianne De Backer. |
| Is Vir Biotechnology publicly listed? | Yes, Vir Biotechnology is a public company listed on Nasdaq. |
| What is the stock symbol of Vir Biotechnology? | Vir Biotechnology trades under VIR ticker. |
| When did Vir Biotechnology go public? | Vir Biotechnology went public in 2019. |
| Who are competitors of Vir Biotechnology? | Vir Biotechnology main competitors are HBM Holdings, Ardelyx, Iovance Biotherapeutics, Jubilant Pharmova. |
| What is the current market cap of Vir Biotechnology? | Vir Biotechnology's current market cap is $2B. |
| What is the current revenue of Vir Biotechnology? | Vir Biotechnology's last 12 months revenue is $88M. |
| What is the current revenue growth of Vir Biotechnology? | Vir Biotechnology revenue growth (NTM/LTM) is 43%. |
| What is the current EV/Revenue multiple of Vir Biotechnology? | Current revenue multiple of Vir Biotechnology is 13.1x. |
| Is Vir Biotechnology profitable? | No, Vir Biotechnology is not profitable. |
| What is the current EBITDA of Vir Biotechnology? | Vir Biotechnology has negative EBITDA and is not profitable. |
| What is Vir Biotechnology's EBITDA margin? | Vir Biotechnology's last 12 months EBITDA margin is (477%). |
| What is the current EV/EBITDA multiple of Vir Biotechnology? | Current EBITDA multiple of Vir Biotechnology is (2.7x). |
| What is the current FCF of Vir Biotechnology? | Vir Biotechnology's last 12 months FCF is ($309M). |
| What is Vir Biotechnology's FCF margin? | Vir Biotechnology's last 12 months FCF margin is (351%). |
| What is the current EV/FCF multiple of Vir Biotechnology? | Current FCF multiple of Vir Biotechnology is (3.7x). |
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