VRAXNasdaqIn Vitro & In Vivo Diagnostic SubstancesUS GAAP · USD

Virax Biolabs Group Ltd

Virax Biolabs Group Ltd is a Cayman Islands-based life sciences group focused on diagnostic and immunology-related products, with operating and holding subsidiaries across the United Kingdom, Hong Kong, Singapore, the Netherlands, China, and the United States. The company combines research and development, product development, procurement, distribution, and management activities through its subsidiary structure.

Liikevaihto0,0milj. USD
+96,2 %v/v
Liikevoitto (EBIT)−6,4milj. USD
−3,8 %v/v
EBIT-marginaali−51 515,2%
+45 829,6 %-yks.v/v
Nettotulos−5,0milj. USD
+17,1 %v/v
Vapaa kassavirta−4,9milj. USD
+5,6 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−8−6−4−202milj. USD20212022: 0,00 milj. USD2022: EBIT −1,7 milj. USD20222023: 0,01 milj. USD2023: EBIT −5,7 milj. USD20232024: 0,16 milj. USD2024: EBIT −6,5 milj. USD20242025: 0,01 milj. USD2025: EBIT −6,2 milj. USD20252026: 0,01 milj. USD2026: EBIT −6,4 milj. USD20260,01−6,4
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Diagnostic substances35 %

In vitro and related diagnostic substances used in laboratory and clinical settings.

Immunology products30 %

Immune-focused products and programs centered on ViraxImmune™ and ImmuneSelect.

Research and development15 %

Scientific development work supporting product pipeline advancement and validation.

Distribution and operations20 %

Regional distribution, warehousing, procurement, and operating support services.

Asiakkaat

Virax sells into healthcare and life-science markets that need diagnostic and immune-related products, rather than directly serving mass consumer demand. Its customer base is shaped by laboratories, clinical users, distributors, and commercial counterparties that buy products or access development-related offerings through the company’s operating subsidiaries.

Clinical laboratories

Buy diagnostic substances for testing and laboratory workflows.

Healthcare and life-science organizations

Use immune-related products and development programs for clinical or research applications.

Commercial and distribution partners

Purchase or distribute products through regional operating entities.

Research collaborators

Support R&D and product development activities tied to ViraxImmune™ and related programs.

Strategia

Virax’s stated direction combines continued investment in ViraxImmune™ with commercial execution for ImmuneSelect. The group is also working through a multi-entity operating structure that supports development, regional distribution, and market access across multiple jurisdictions.

Advance ViraxImmune™ developmentKeskipitkä aikaväli

Clinical and regulatory progress is central to the long-term value proposition.

Commercialize ImmuneSelectLyhyt aikaväli

Commercial execution provides nearer-term operating activity while the pipeline matures.

Use subsidiary network efficientlyKeskipitkä aikaväli

The company relies on cross-border operating, distribution, and procurement functions.

Maantiede

Virax is organized through a multi-jurisdiction structure centered on the Cayman Islands parent and subsidiaries in the UK, Hong Kong, Singapore, China, the Netherlands, and the United States. The UK subsidiary is described as the main R&D location, while other entities handle holding, distribution, procurement, and operating functions across the group.

Riskit

Virax faces typical early commercial life-science risks around product development, regulatory execution, and market adoption, which are amplified by its limited patent protection and cross-border operating structure. Accounting estimates also matter because valuation judgments, leases, and impairment assessments can materially affect reported results in a development-stage business.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Lack of patent protection1Clinical and regulatory development risk2Commercial execution risk3Cross-border compliance and economic substance4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Lack of patent protectionVaikutus: KorkeaTodennäköisyys: Korkea

    Competitors may replicate or independently develop similar technologies without infringement.

    Kohdistuu: Product differentiation and future commercialization

  2. Clinical and regulatory development riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    ViraxImmune™ depends on continued development and regulatory progress before full value can be realized.

    Kohdistuu: Pipeline value and future commercialization

  3. Commercial execution riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    ImmuneSelect requires market acceptance and effective selling/distribution to scale.

    Kohdistuu: Near-term revenue and customer adoption

  4. Cross-border compliance and economic substanceVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The Cayman parent and multiple foreign subsidiaries require ongoing legal and tax compliance.

    Kohdistuu: Corporate structure and administrative burden

Kirjanpito

Harkinnanvaraiset erät
Warrant valuation

Fair value changes can create non-cash gains or losses and affect equity.

Vaikutus: Reported profit/loss and shareholders' equity

Stock-based compensation

Employee and director awards require estimate-driven expense recognition.

Vaikutus: Operating expenses and earnings

Intangible asset impairment

Development-stage assets may need write-downs if expected benefits weaken.

Vaikutus: Asset carrying values and earnings

Lease accounting

Lease liabilities and right-of-use assets affect reported leverage and depreciation.

Vaikutus: Balance sheet and expense profile

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026