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Side-by-side financial comparison of ASTROTECH Corp (ASTC) and Vir Biotechnology, Inc. (VIR). Click either name above to swap in a different company.

Vir Biotechnology, Inc. is the larger business by last-quarter revenue ($240.0K vs $148.0K, roughly 1.6× ASTROTECH Corp). ASTROTECH Corp runs the higher net margin — -2653.4% vs -67975.4%, a 65322.0% gap on every dollar of revenue. On growth, ASTROTECH Corp posted the faster year-over-year revenue change (-43.3% vs -89.9%). ASTROTECH Corp produced more free cash flow last quarter ($-4.0M vs $-167.9M). Over the past eight quarters, ASTROTECH Corp's revenue compounded faster (-40.2% CAGR vs -88.0%).

Astrotech Corporation, formerly Spacehab Inc., is a technology incubator headquartered in Austin, Texas. Astrotech uses technology sourced internally and from research institutions, government laboratories, and universities to fund, manage and sell start-up companies. Astrotech Corporation's subsidiaries provide commercial products and services to NASA, the U.S. Department of Defense, national space agencies, and global commercial customers.

Vir Biotechnology, Inc. is a clinical-stage immunology company focused on developing innovative therapies and vaccines to address serious infectious diseases including COVID-19, hepatitis B, HIV, and influenza. It operates primarily in the global biopharmaceutical market, collaborating with leading industry partners to advance its pipeline of targeted immune-based solutions for patient populations worldwide.

ASTC vs VIR — Head-to-Head

Bigger by revenue
VIR
VIR
1.6× larger
VIR
$240.0K
$148.0K
ASTC
Growing faster (revenue YoY)
ASTC
ASTC
+46.6% gap
ASTC
-43.3%
-89.9%
VIR
Higher net margin
ASTC
ASTC
65322.0% more per $
ASTC
-2653.4%
-67975.4%
VIR
More free cash flow
ASTC
ASTC
$163.9M more FCF
ASTC
$-4.0M
$-167.9M
VIR
Faster 2-yr revenue CAGR
ASTC
ASTC
Annualised
ASTC
-40.2%
-88.0%
VIR

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
ASTC
ASTC
VIR
VIR
Revenue
$148.0K
$240.0K
Net Profit
$-3.9M
$-163.1M
Gross Margin
5.4%
Operating Margin
-2635.8%
-72267.9%
Net Margin
-2653.4%
-67975.4%
Revenue YoY
-43.3%
-89.9%
Net Profit YoY
2.0%
23.7%
EPS (diluted)
$-1.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASTC
ASTC
VIR
VIR
Q4 25
$148.0K
Q3 25
$297.0K
$240.0K
Q2 25
$220.0K
$1.2M
Q1 25
$534.0K
$3.0M
Q4 24
$261.0K
$12.4M
Q3 24
$2.4M
Q2 24
$3.1M
Q1 24
$56.4M
Net Profit
ASTC
ASTC
VIR
VIR
Q4 25
$-3.9M
Q3 25
$-3.5M
$-163.1M
Q2 25
$-2.9M
$-111.0M
Q1 25
$-3.6M
$-121.0M
Q4 24
$-4.0M
Q3 24
$-213.7M
Q2 24
$-138.4M
Q1 24
$-65.3M
Gross Margin
ASTC
ASTC
VIR
VIR
Q4 25
5.4%
Q3 25
63.3%
Q2 25
33.6%
99.1%
Q1 25
44.4%
Q4 24
59.4%
Q3 24
97.9%
Q2 24
98.3%
Q1 24
99.9%
Operating Margin
ASTC
ASTC
VIR
VIR
Q4 25
-2635.8%
Q3 25
-1190.6%
-72267.9%
Q2 25
-1326.4%
-9754.3%
Q1 25
-724.2%
-4602.5%
Q4 24
-1655.6%
Q3 24
-9718.7%
Q2 24
-5158.7%
Q1 24
-142.0%
Net Margin
ASTC
ASTC
VIR
VIR
Q4 25
-2653.4%
Q3 25
-1166.7%
-67975.4%
Q2 25
-1331.8%
-9139.9%
Q1 25
-680.3%
-3989.6%
Q4 24
-1536.0%
Q3 24
-8979.7%
Q2 24
-4500.1%
Q1 24
-115.8%
EPS (diluted)
ASTC
ASTC
VIR
VIR
Q4 25
Q3 25
$-1.17
Q2 25
$-0.80
Q1 25
$-0.88
Q4 24
Q3 24
$-1.56
Q2 24
$-1.02
Q1 24
$-0.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASTC
ASTC
VIR
VIR
Cash + ST InvestmentsLiquidity on hand
$7.0M
$497.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.5M
$796.1M
Total Assets
$19.7M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTC
ASTC
VIR
VIR
Q4 25
$7.0M
Q3 25
$11.3M
$497.8M
Q2 25
$15.1M
$598.7M
Q1 25
$18.1M
$790.9M
Q4 24
$21.5M
$901.0M
Q3 24
$909.0M
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
ASTC
ASTC
VIR
VIR
Q4 25
$15.5M
Q3 25
$19.1M
$796.1M
Q2 25
$22.1M
$947.5M
Q1 25
$24.8M
$1.0B
Q4 24
$28.1M
$1.2B
Q3 24
$1.2B
Q2 24
$1.4B
Q1 24
$1.5B
Total Assets
ASTC
ASTC
VIR
VIR
Q4 25
$19.7M
Q3 25
$23.2M
$1.0B
Q2 25
$27.0M
$1.2B
Q1 25
$27.5M
$1.3B
Q4 24
$31.0M
$1.4B
Q3 24
$1.5B
Q2 24
$1.7B
Q1 24
$1.8B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASTC
ASTC
VIR
VIR
Operating Cash FlowLast quarter
$-3.5M
$-167.6M
Free Cash FlowOCF − Capex
$-4.0M
$-167.9M
FCF MarginFCF / Revenue
-2671.6%
-69952.9%
Capex IntensityCapex / Revenue
277.7%
132.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-14.9M
$-824.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTC
ASTC
VIR
VIR
Q4 25
$-3.5M
Q3 25
$-3.9M
$-167.6M
Q2 25
$-2.4M
$-120.2M
Q1 25
$-3.9M
$-78.1M
Q4 24
$-3.0M
$-446.4M
Q3 24
$-171.5M
Q2 24
$-77.8M
Q1 24
$-109.4M
Free Cash Flow
ASTC
ASTC
VIR
VIR
Q4 25
$-4.0M
Q3 25
$-4.4M
$-167.9M
Q2 25
$-2.7M
$-122.8M
Q1 25
$-3.9M
$-79.7M
Q4 24
$-3.4M
$-453.7M
Q3 24
$-174.2M
Q2 24
$-78.5M
Q1 24
$-111.3M
FCF Margin
ASTC
ASTC
VIR
VIR
Q4 25
-2671.6%
Q3 25
-1476.1%
-69952.9%
Q2 25
-1231.4%
-10111.8%
Q1 25
-728.1%
-2630.1%
Q4 24
-1288.5%
-3666.2%
Q3 24
-7321.3%
Q2 24
-2553.3%
Q1 24
-197.4%
Capex Intensity
ASTC
ASTC
VIR
VIR
Q4 25
277.7%
Q3 25
150.8%
132.1%
Q2 25
158.2%
209.1%
Q1 25
5.1%
53.7%
Q4 24
122.2%
59.0%
Q3 24
116.3%
Q2 24
21.7%
Q1 24
3.3%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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