Roivant Sciences Ltd.
Business
Roivant Sciences Ltd. is a biopharmaceutical company that develops and commercializes medicines through subsidiary companies called Vants, each focused on specific product candidates. The company's pipeline includes brepocitinib (small molecule JAK1/TYK2 inhibitor for autoimmune diseases), IMVT-1402 (monoclonal antibody targeting FcRn for IgG-mediated autoimmune indications), and mosliciguat (inhaled sGC activator for pulmonary hypertension). Roivant operates through subsidiaries including Priovant, Immunovant, Pulmovant and Genevant, with geographic focus on the U.S., E.U., Canada and other regions through licensing agreements.
Summary from 10-K filed 2026-05-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Revenue | 8 | 29 | 33 | 32 | 55 | |
| Cost of revenues | 1 | 911,000 | 2 | 3 | 9 | |
| Research and development (includes $47,867, $39,780 and $32,400 of share-based compensation expense for the years ended March 31, 2026, 2025 and 2024, respectively) | 682 | 550 | 440 | 454 | 483 | |
| Acquired in-process research and development | 0 | 0 | 26 | 98 | 140 | |
| General and administrative (includes $298,297, $239,505, and $154,873 of share-based compensation expense for the years ended March 31, 2026, 2025 and 2024, respectively) | 610 | 591 | 416 | 383 | 775 | |
| Total operating expenses | 1,294 | 1,143 | 884 | 938 | 1,407 | |
| Gain on sale of Telavant net assets | 0 | 110 | 5,348 | 0 | — | |
| Gain on litigation settlement | 770 | 0 | 0 | — | — | |
| (Loss) income from operations | −515 | −1,003 | 4,497 | −907 | −1,352 | |
| Change in fair value of investments | −105 | −55 | 48 | 21 | 87 | |
| Change in fair value of liability instruments | 48 | −16 | 47 | 18 | — | |
| Gain on deconsolidation of subsidiaries | −11 | −3 | −33 | −29 | −5 | |
| Interest income | −178 | −258 | −146 | — | — | |
| Other (income) expense, net | −4 | 11 | 14 | 486,000 | −3 | |
| (Loss) income from continuing operations before income taxes | −265 | −682 | 4,568 | −885 | −924 | |
| Income tax expense | 133 | 48 | 22 | 4 | 369,000 | |
| (Loss) income from continuing operations, net of tax | −398 | −730 | 4,500 | −889 | −924 | |
| Income (loss) from discontinued operations, net of tax | 0 | 373 | −315 | −226 | 0 | |
| Net (loss) income | −398 | −357 | 4,231 | −1,115 | −924 | |
| Net loss attributable to noncontrolling interests | −98 | −185 | −118 | −106 | −79 | |
| Net (loss) income attributable to Roivant Sciences Ltd. | −300 | −172 | 4,349 | −1,009 | −845 | |
| (Loss) income from continuing operations, net of tax | −300 | −545 | 4,663 | −784 | −845 | |
| Income (loss) from discontinued operations, net of tax | 0 | 373 | −314 | −225 | 0 | |
| (Loss) income from continuing operations, net of tax (in dollars per share) | −0.43 | −0.75 | 5.95 | −1.1 | −1.26 | |
| Income (loss) from discontinued operations, net of tax (in dollars per share) | 0 | 0.51 | −0.4 | −0.32 | 0 | |
| Net (loss) income (in dollars per share) | −0.43 | −0.24 | 5.55 | −1.42 | −1.26 | |
| (Loss) income from continuing operations, net of tax (in dollars per share) | −0.54 | −0.75 | 5.61 | −1.1 | −1.26 | |
| Income (loss) from discontinued operations, net of tax (in dollars per share) | 0 | 0.51 | −0.38 | −0.32 | 0 | |
| Net (loss) income (in dollars per share) | −0.54 | −0.24 | 5.23 | −1.42 | −1.26 | |
| Basic (in shares) | 694 | 725 | 783 | 713 | 670 | |
| Diluted (in shares) | 694 | 725 | 831 | 713 | 670 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,419 | 2,715 | 6,495 | 1,677 | 2,060 | |
| Marketable securities (held at fair value as of March 31, 2026) | 2,873 | 2,171 | 0 | — | — | |
| Litigation settlement receivable | 770 | 0 | — | — | — | |
| Other current assets | 105 | 113 | 81 | 122 | 86 | |
| Total current assets | 5,167 | 5,000 | 6,732 | 1,799 | 2,147 | |
| Property and equipment, net | 12 | 12 | 15 | 39 | 26 | |
| Operating lease right-of-use assets | 80 | 89 | 44 | 53 | 61 | |
| Investments measured at fair value | 408 | 303 | 248 | 304 | 326 | |
| Other assets | 41 | 33 | 38 | 49 | 26 | |
| Total assets | 5,709 | 5,437 | 7,222 | 2,390 | 2,585 | |
| Accounts payable | 18 | 24 | 14 | 38 | 35 | |
| Accrued expenses | 206 | 114 | 119 | 167 | 128 | |
| Operating lease liabilities | 11 | 10 | 9 | 12 | 11 | |
| Income tax payable | 46 | 416,000 | — | — | — | |
| Other current liabilities | 583,000 | 1 | 14 | 15 | 11 | |
| Total current liabilities | 281 | 149 | 267 | 272 | 184 | |
| Liability instruments measured at fair value | 0 | 10 | 26 | 64 | 45 | |
| Operating lease liabilities, noncurrent | 96 | 90 | 45 | 53 | 62 | |
| Income tax payable, noncurrent | 39 | 0 | — | — | — | |
| Other liabilities | 70,000 | 22,000 | 2 | 17 | 22 | |
| Total liabilities | 416 | 250 | 774 | 782 | 524 | |
| Commitments and contingencies (Note 12) | — | — | — | — | — | |
| Common shares, par value $0.0000000341740141 per share, 7,000,000,000 shares authorized and 720,352,386 and 695,938,323 shares issued and outstanding at March 31, 2026 and 2025, respectively | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 5,025 | 4,562 | 5,396 | 4,933 | 4,422 | |
| (Accumulated deficit) / retained earnings | −502 | 116 | 576 | −3,773 | −2,764 | |
| Accumulated other comprehensive income | 4 | 9 | −4 | −3 | −946,000 | |
| Shareholders equity attributable to Roivant Sciences Ltd. | 4,527 | 4,688 | 5,969 | 1,158 | 1,657 | |
| Noncontrolling interests | 765 | 500 | 480 | 450 | 382 | |
| Total shareholders equity | 5,292 | 5,187 | 6,449 | 1,608 | 2,039 | |
| Total liabilities and shareholders equity | 5,709 | 5,437 | 7,222 | 2,390 | 2,585 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Change in fair value of debt and liability instruments | 48 | −113 | 79 | 78 | — | |
| Gain on sale of subsidiary interests | 0 | −377 | 0 | 0 | — | |
| Impairment loss on operating lease right-of-use assets | 16 | 0 | 0 | — | — | |
| Accretion of discount and amortization of premium on available-for-sale marketable securities, net | −23 | 0 | 0 | — | — | |
| Accretion of discount and amortization of premium on held-to-maturity marketable securities, net | −14 | −70 | 0 | — | — | |
| Realized gain from sales of marketable securities | −976,000 | 0 | 0 | — | — | |
| Loss on extinguishment of debt | 0 | 9 | 0 | 0 | — | |
| Depreciation and amortization | 3 | 14 | 22 | 19 | 6 | |
| Non-cash lease expense | 8 | 7 | 7 | 8 | 7 | |
| Other | 2 | 4 | 10 | −21 | 617,000 | |
| Other current assets | 11 | −25 | −81 | −32 | −28 | |
| Other assets | −7 | −9 | 16 | −17 | — | |
| Litigation settlement receivable | −770 | 0 | 0 | — | — | |
| Accounts payable | 3 | −18 | 23 | 4 | 15 | |
| Accrued expenses | 59 | −10 | 40 | 39 | 51 | |
| Operating lease liabilities | −2 | −6 | −8 | −9 | −7 | |
| Accrued interest | 0 | 0 | 22 | 19 | — | |
| Income tax payable | 85 | −10 | 10 | — | — | |
| Other liabilities | −1 | 773,000 | −2 | 2 | — | |
| Net cash used in operating activities | −750 | −839 | −765 | −843 | −678 | |
| Purchases | −4,796 | 0 | 0 | — | — | |
| Proceeds from maturities | 1,122 | 0 | 0 | — | — | |
| Proceeds from sales | 821 | 0 | 0 | — | — | |
| Purchases | 0 | −4,062 | 0 | — | — | |
| Proceeds from maturities | 2,185 | 1,960 | 0 | — | — | |
| Proceeds from sale of Telavant net assets, net | 0 | 110 | 5,233 | 0 | — | |
| Proceeds from sale of subsidiary interests | 0 | 261 | 48 | 0 | — | |
| Cash decrease upon deconsolidation of subsidiaries | −4 | −31 | −84 | −7 | −39,000 | |
| Purchase of property and equipment | −8 | −5 | −1 | −13 | −17 | |
| Other | −3 | 79,000 | 9 | 702,000 | 600,000 | |
| Net cash (used in) provided by investing activities | −682 | −1,766 | 5,204 | −44 | 303 | |
| Proceeds from issuance of the Companys common shares, net of issuance costs paid | 0 | 0 | 200 | 312 | 0 | |
| Proceeds from issuance of subsidiary common shares, net of issuance costs paid | 194 | 113 | 239 | — | — | |
| Repayment of debt by subsidiary | 0 | −52 | −29 | −29 | −22 | |
| Proceeds from exercise of the Companys and subsidiary stock options | 268 | 50 | 54 | 3 | 412,000 | |
| Taxes paid related to net settlement of equity awards | −49 | −37 | −38 | −11 | 0 | |
| Proceeds from issuance of the Companys common shares under employee stock purchase plan | 1 | 1 | 951,000 | 316,000 | 0 | |
| Payments on principal portion of finance lease obligations | 0 | −774,000 | −2 | −692,000 | 0 | |
| Payment of subsidiary dividend | 0 | 0 | −6 | 0 | — | |
| Proceeds from exercise of the Companys warrants | 0 | 0 | 5,000 | 0 | — | |
| Payment for redemptions of the Companys warrants | 0 | 0 | −41,000 | 0 | — | |
| Net cash provided by (used in) financing activities | 134 | −1,220 | 419 | 499 | 307 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 4 | 747,000 | 616,000 | 6 | — | |
| Net change in cash, cash equivalents and restricted cash | −1,295 | −3,825 | 4,858 | −382 | −68 | |
| Cashless exercise of the Companys warrants | 0 | 0 | 83 | 0 | — | |
| Issuance of subsidiary shares in connection with debt renegotiation | 0 | 12 | 0 | 0 | — | |
| Operating lease right-of-use assets obtained and exchanged for operating lease liabilities | 10 | 51 | 2 | 4 | — | |
| Reclassification of earn-out shares liability to additional paid-in capital upon vesting | 58 | 0 | 0 | — | — | |
| Taxes payable related to net settlement of equity awards | 31 | 0 | 0 | — | — | |
| Other | 3 | 59,000 | 441,000 | 7 | 6 | |
| Interest paid | 0 | 6 | 10 | 5 | 6 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Roivant Sciences Ltd.'s CIK number?
Roivant Sciences Ltd.'s SEC CIK number is 0001635088 (1635088). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Roivant Sciences Ltd.'s SEC filings?
All of Roivant Sciences Ltd.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Roivant Sciences Ltd. last report earnings?
Roivant Sciences Ltd. (ROIV) most recently filed an earnings 8-K with the SEC on May 20, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001635088-26-000060). This is Roivant Sciences Ltd.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Roivant Sciences Ltd.'s most recent earnings 8-K?
Roivant Sciences Ltd.'s latest earnings 8-K (Item 2.02) was filed May 20, 2026 under accession 0001635088-26-000060. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Roivant Sciences Ltd.'s latest earnings 8-K →
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