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Financial statements

Barinthus Biotherapeutics plc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Barinthus Biotherapeutics plc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2021FY2022FY2023FY2024FY2025
Revenue4.820.2744.70.8150
Research and development14.420.442.444.942.225.6
General and administrative10.525.16.3939.829.740.8
Operating expenses24.945.548.784.784.171.1
Operating income-20-45.2-4.04-83.9-68-70.6
Interest expense3.62.670.020.030.050.05
Interest income003.12.882.681.96
Other non-operating income2.21-5.924.897.396.743.92
Pre-tax income-51.10.85-76.5-61.2-66.6
Income tax0.1-0.03-4.47-3.08-0.04-0.18
Net income to minority interests-0.23-0.25-0.02-0.1-0.11-0.03
Net income-17.7-50.95.34-73.3-61.1-66.4
EBITDA-19.8-44.60.28-78.5-62.2-64.7
EPS, basic-2.24-1.960.14-1.91-1.55-1.64
EPS, diluted-2.24-1.960.14-1.91-1.55-1.64
Shares, basic (weighted)7.925.937.238.439.340.5
Shares, diluted (weighted)7.925.938.238.439.340.5

Balance sheet

FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents43.321419414211170.5
Receivables0.520.020.32
Other current assets0.0310.611.470.340.12
Total current assets47.922721315712677.8
Property, plant and equipment0.631.837.9611.87.373.52
Lease right-of-use assets2.147.267.757.584.381.64
Goodwill12.612.212.20
Intangible assets31.428.325.121.914.3
Total assets50.728127021516098.2
Accounts payable4.672.423.751.62.470.35
Deferred revenue0.250.18
Short-term debt0.16
Total current liabilities7.6411.212.212.615.710
Lease liabilities1.476.548.3411.210.19.26
Other non-current liabilities0.971.331.361.48
Total liabilities53.828.22727.530.223.9
Paid-in capital21.7369380387393394
Retained earnings-57.7-109-103-177-238-304
Shareholders' equity25224318713074.2
Minority interests0.390.440.310.210.110.08
Total equity-36.925324318713074.3
Total liabilities and equity50.728127021516098.2
Shares outstanding7.9637.237.738.640.240.8

Cash flow statement

FY2021FY2021FY2022FY2023FY2024FY2025
Net income-17.9-51.15.32-73.4-61.2-66.5
Depreciation and amortization0.210.64.325.435.85.85
Stock-based compensation3.6316.59.885.064.710.47
Deferred income tax-0.12-4.34-3.08-0.04-0.18
Change in receivables0.480.56-5.835.80
Change in payables0.59-3.531.14-3.380.9-2.2
Cash from operations-11-32.6-14.4-50.9-28.9-48
Capital expenditures-0.29-1.15-6.14-5.41-0.89-0.04
Acquisitions-11.8
Cash from investing-0.29-12.9-5.75-5.41-0.890.42
Stock issued1030.482.042.160
Cash from financing41.42230.331.872.160
Net change in cash31.8171-19.7-52.3-29.7-40.5
Free cash flow-11.3-33.7-20.6-56.3-29.8-48
Interest paid01.8400
Income taxes paid0.1500

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.74 on September 8, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-73.2%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-51.0%Net income / average total assets.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-100.0%Revenue vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-42.9%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-32.6%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-38.8%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-28.6%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y14.1%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y3.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y2.0%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y38.7%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio5.54xCurrent assets / current liabilities.
Quick ratio5.19x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio5.19x(Cash + short-term investments) / current liabilities.
Liabilities / assets30.2%Total liabilities / total assets.
Interest coverage-825xOperating income / interest expense.
Working capital$51.9MCurrent assets - current liabilities.
Goodwill and intangibles / assets15.9%(Goodwill + intangible assets) / total assets.
Tangible book value$44.0MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.02Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share-$0.65Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.65Cash from operations / diluted weighted shares.
Book value per share$1.40Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$1.08Tangible book value / shares outstanding.
Cash per share$1.45(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$30.2MShare price x shares outstanding.
Enterprise value-$29.1MMarket cap + total debt - cash - short-term investments.
P/B0.53xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.69xMarket cap / tangible book value, when positive.
FCF yield-87.4%Free cash flow / market cap.
Earnings yield-138.2%Net income / market cap (the inverse of P/E).
What was Barinthus Biotherapeutics plc.'s revenue in fiscal 2025?

Barinthus Biotherapeutics plc. reported revenue of $0.0 for fiscal 2025, 100% lower than the year before.

Was Barinthus Biotherapeutics plc. profitable in fiscal 2025?

No. It reported a net loss of $66.4M.

How much free cash flow did Barinthus Biotherapeutics plc. generate in fiscal 2025?

Cash from operations of $48.0M minus capital expenditures of $37.0K left free cash flow of -$48.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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