Revenue: As of FY2026 Q1, the actual value is USD 179.13 M.EPS: As of FY2026 Q1, the actual value is USD 0.87.EBIT: As of FY2026 Q1, the actual value is USD 168.11 M.Arbutus Biopharma Corporation operates as a single reportable segment, with all financial metrics reflecting the company’s overall performance for the three months ended March 31, 2026, compared to the same period in 2025 .<h4>Revenue</h4><ul><li>Total Revenue: Increased to $179.1 million in 2026 from $1.8 million in 2025 .<ul><li>Collaborations and Licenses: Revenue from Acuitas Therapeutics, Inc. was $0.2 million in 2026, down from $0.5 million in 2025 . Revenue from Qilu Pharmaceutical Co., Ltd. was $0 in 2026, down from $0.8 million in 2025 .</li><li>License Revenue from Genevant: Recognized $178.7 million in 2026, compared to $0 in 2025 .</li><li>Non-cash Royalty Revenue (Alnylam Pharmaceuticals, Inc.): Decreased to $0.2 million in 2026 from $0.4 million in 2025 .</li></ul></li></ul><h4>Operating Expenses</h4><ul><li>Total Operating Expenses: Decreased to $10.2 million in 2026 from $27.5 million in 2025 .<ul><li>Research and Development: Decreased to $4.1 million in 2026 from $9.0 million in 2025 .</li><li>General and Administrative: Increased to $5.9 million in 2026 from $5.8 million in 2025 .</li><li>Change in Fair Value of Contingent Consideration: Increased to $0.2 million in 2026 from $0.3 million in 2025 .</li><li>Restructuring Costs: $0 in 2026, a significant decrease from $12.4 million in 2025 .</li></ul></li></ul><h4>Income (Loss) from Operations</h4><ul><li>Income (Loss) from Operations: Improved to $168.9 million income in 2026 from a -$25.7 million loss in 2025 .</li></ul><h4>Other Income (Loss)</h4><ul><li>Total Other Income: Decreased to $0.8 million in 2026 from $1.2 million in 2025 .<ul><li>Interest Income: Decreased to $0.8 million in 2026 from $1.2 million in 2025 .</li><li>Interest Expense: Decreased to -$0.02 million in 2026 from -$0.03 million in 2025 .</li><li>Foreign Exchange (Loss) Gain: -$0.01 million loss in 2026 compared to a $0.004 million gain in 2025 .</li></ul></li></ul><h4>Net Income (Loss)</h4><ul><li>Net Income (Loss): Reported a net income of $169.7 million in 2026, a significant improvement from a net loss of -$24.5 million in 2025 .</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Used in Operating Activities: Decreased to -$8.1 million in 2026 from -$13.4 million in 2025 .</li><li>Net Cash Provided by Investing Activities: Decreased to $2.2 million in 2026 from $11.3 million in 2025 .</li><li>Net Cash Provided by Financing Activities: Increased to $11.6 million in 2026 from $2.8 million in 2025 .</li><li>Cash and Cash Equivalents, End of Period: $23.7 million as of March 31, 2026, compared to $37.1 million as of March 31, 2025 .</li></ul><h4>Balance Sheet Highlights (as of March 31, 2026 vs. December 31, 2025)</h4><ul><li>Cash and Cash Equivalents: $23.7 million as of March 31, 2026, up from $18.0 million as of December 31, 2025 .</li><li>Investments in Marketable Securities, Current: $71.5 million as of March 31, 2026, down from $73.5 million as of December 31, 2025 .</li><li>License Receivable from Genevant: $178.7 million as of March 31, 2026, up from $0 as of December 31, 2025 .</li><li>Total Current Assets: $277.0 million as of March 31, 2026, up from $94.5 million as of December 31, 2025 .</li><li>Total Stockholders’ Equity: $260.2 million as of March 31, 2026, up from $76.6 million as of December 31, 2025 .</li><li>Contingent Consideration Liability: $8.6 million as of March 31, 2026, up from $8.4 million as of December 31, 2025 .</li><li>Liability Related to Sale of Future Royalties: $3.3 million as of March 31, 2026, down from $3.4 million as of December 31, 2025 .</li></ul><h4>Unique Metrics</h4><ul><li>Moderna Settlement Agreement: Arbutus Biopharma Corporation expects to receive an estimated $178.7 million noncontingent lump sum payment from Moderna on or before July 8, 2026, with a potential additional contingent payment of $1.3 billion upon a favorable ruling in a limited appeal .</li><li>OMERS Royalty Entitlement: As of March 31, 2026, $26.7 million in royalties had been earned by OMERS out of a total of $30 million from the sale of future ONPATTRO royalties .</li><li>Genevant Ownership: Arbutus Biopharma Corporation owned approximately 16% of Genevant’s outstanding common equity as of March 31, 2026 .</li><li>Restructuring: The company implemented a 57% workforce reduction and discontinued in-house scientific research in March 2025, resulting in 18 employees as of March 31, 2026 .</li></ul><h4>Future Outlook and Strategy</h4>Arbutus Biopharma Corporation anticipates having sufficient cash resources to fund operations for at least the next 12 months and is evaluating a return of capital to shareholders in Q3 2026 following the Moderna settlement payment . The company’s strategy prioritizes maximizing opportunities for its chronic hepatitis B development programs (imdusiran and AB-101) and defending its LNP technology intellectual property . Arbutus Biopharma Corporation expects to maintain its reduced net cash burn in 2026 due to organizational changes and ongoing cost management efforts .

Arbutus Pharma | 10-Q: FY2026 Q1 Revenue: USD 179.13 M