Arbutus Biopharma Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	14.61	6.17	18.14	39.02	10.99	6.91
Revenue Growth (YoY)	116.64%	-65.98%	-53.51%	255.11%	58.92%	15.02%
Cost of Revenue	29.05	54.04	73.7	84.41	65.5	49.34
Gross Profit	-14.44	-47.87	-55.56	-45.39	-54.51	-42.42
Selling, General & Admin	16.92	22.11	22.48	17.83	17.14	14.85
Operating Expenses	16.92	22.11	22.48	17.83	17.14	14.85
Operating Income	-31.36	-69.97	-78.03	-63.22	-71.65	-57.27
Interest Expense	-0.11	-0.14	-0.46	-1.73	-2.86	-4.01
Interest & Investment Income	4.66	6.59	5.69	2.19	0.13	0.74
Earnings From Equity Investments	-	-	-	-	-	-2.55
Currency Exchange Gain (Loss)	-0.02	-0.05	0.03	-0.02	0.01	-0.12
EBT Excluding Unusual Items	-26.83	-63.58	-72.78	-62.78	-74.38	-63.21
Merger & Restructuring Charges	-12.73	-3.72	-	-	-	-0.06
Other Unusual Items	-2.72	-2.63	-0.07	-2.23	-1.87	-0.47
Pretax Income	-42.28	-69.92	-72.85	-65.01	-76.25	-63.75
Income Tax Expense	-	-	-	4.44	-	-
Net Income	-42.28	-69.92	-72.85	-69.46	-76.25	-63.75
Preferred Dividends & Other Adjustments	-	-	-	-	12.14	12.12
Net Income to Common	-42.28	-69.92	-72.85	-69.46	-88.39	-75.87
Shares Outstanding (Basic)	191	186	166	151	106	76
Shares Outstanding (Diluted)	191	186	166	151	106	76
Shares Change (YoY)	5.88%	11.84%	9.95%	42.07%	40.10%	32.83%
EPS (Basic)	-0.22	-0.38	-0.44	-0.46	-0.83	-1.00
EPS (Diluted)	-0.22	-0.38	-0.44	-0.46	-0.83	-1.00
Free Cash Flow	-45.36	-65.03	-86.94	-35.87	-68.34	-51.67
Free Cash Flow Per Share	-0.24	-0.35	-0.52	-0.24	-0.64	-0.68
Gross Margin	-98.86%	-	-	-116.32%	-	-
Operating Margin	-214.67%	-1133.92%	-430.15%	-162.03%	-652.07%	-828.30%
Profit Margin	-289.45%	-1133.04%	-401.57%	-178.01%	-804.39%	-1097.31%
Free Cash Flow Margin	-310.54%	-1053.83%	-479.27%	-91.92%	-621.96%	-747.32%
EBITDA	-30.67	-68.59	-76.63	-61.8	-69.9	-55.29
EBITDA Margin	-209.98%	-	-	-158.37%	-	-
D&A For EBITDA	0.69	1.38	1.4	1.43	1.75	1.98
EBIT	-31.36	-69.97	-78.03	-63.22	-71.65	-57.27
EBIT Margin	-214.67%	-	-	-162.03%	-	-
Revenue as Reported	14.61	6.17	18.14	39.02	10.99	6.91

Source: S&P Global Market Intelligence. Standard template. Financial Sources.