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

Humacyte, Inc. is the larger business by last-quarter revenue ($467.0K vs $240.0K, roughly 1.9× Vir Biotechnology, Inc.). Humacyte, Inc. produced more free cash flow last quarter ($-26.2M vs $-167.9M).

Humacyte, Inc. is a clinical-stage biotechnology firm focused on developing and commercializing universally implantable off-the-shelf bioengineered human tissues and therapeutic products. Its core offerings target unmet needs in vascular care, trauma treatment and regenerative medicine, serving patients and healthcare partners worldwide.

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.

HUMA vs VIR — Head-to-Head

Bigger by revenue
HUMA
HUMA
1.9× larger
HUMA
$467.0K
$240.0K
VIR
More free cash flow
HUMA
HUMA
$141.7M more FCF
HUMA
$-26.2M
$-167.9M
VIR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HUMA
HUMA
VIR
VIR
Revenue
$467.0K
$240.0K
Net Profit
$-163.1M
Gross Margin
-1844.8%
Operating Margin
-6603.0%
-72267.9%
Net Margin
-67975.4%
Revenue YoY
-89.9%
Net Profit YoY
23.7%
EPS (diluted)
$-0.19
$-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
HUMA
HUMA
VIR
VIR
Q4 25
$467.0K
Q3 25
$753.0K
$240.0K
Q2 25
$301.0K
$1.2M
Q1 25
$517.0K
$3.0M
Q4 24
$12.4M
Q3 24
$0
$2.4M
Q2 24
$0
$3.1M
Q1 24
$0
$56.4M
Net Profit
HUMA
HUMA
VIR
VIR
Q4 25
Q3 25
$-17.5M
$-163.1M
Q2 25
$-37.7M
$-111.0M
Q1 25
$39.1M
$-121.0M
Q4 24
Q3 24
$-39.2M
$-213.7M
Q2 24
$-56.7M
$-138.4M
Q1 24
$-31.9M
$-65.3M
Gross Margin
HUMA
HUMA
VIR
VIR
Q4 25
-1844.8%
Q3 25
65.5%
Q2 25
29.2%
99.1%
Q1 25
71.6%
Q4 24
Q3 24
97.9%
Q2 24
98.3%
Q1 24
99.9%
Operating Margin
HUMA
HUMA
VIR
VIR
Q4 25
-6603.0%
Q3 25
-3239.0%
-72267.9%
Q2 25
-9876.1%
-9754.3%
Q1 25
-4484.3%
-4602.5%
Q4 24
Q3 24
-9718.7%
Q2 24
-5158.7%
Q1 24
-142.0%
Net Margin
HUMA
HUMA
VIR
VIR
Q4 25
Q3 25
-2325.4%
-67975.4%
Q2 25
-12511.0%
-9139.9%
Q1 25
7570.4%
-3989.6%
Q4 24
Q3 24
-8979.7%
Q2 24
-4500.1%
Q1 24
-115.8%
EPS (diluted)
HUMA
HUMA
VIR
VIR
Q4 25
$-0.19
Q3 25
$-0.11
$-1.17
Q2 25
$-0.24
$-0.80
Q1 25
$0.28
$-0.88
Q4 24
Q3 24
$-0.33
$-1.56
Q2 24
$-0.48
$-1.02
Q1 24
$-0.29
$-0.48

Balance Sheet & Financial Strength

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

Metric
HUMA
HUMA
VIR
VIR
Cash + ST InvestmentsLiquidity on hand
$50.5M
$497.8M
Total DebtLower is stronger
$35.4M
Stockholders' EquityBook value
$3.1M
$796.1M
Total Assets
$116.4M
$1.0B
Debt / EquityLower = less leverage
11.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUMA
HUMA
VIR
VIR
Q4 25
$50.5M
Q3 25
$19.5M
$497.8M
Q2 25
$38.0M
$598.7M
Q1 25
$62.8M
$790.9M
Q4 24
$901.0M
Q3 24
$20.6M
$909.0M
Q2 24
$93.6M
$1.1B
Q1 24
$115.5M
$1.1B
Total Debt
HUMA
HUMA
VIR
VIR
Q4 25
$35.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HUMA
HUMA
VIR
VIR
Q4 25
$3.1M
Q3 25
$-4.8M
$796.1M
Q2 25
$4.1M
$947.5M
Q1 25
$36.0M
$1.0B
Q4 24
$1.2B
Q3 24
$-63.7M
$1.2B
Q2 24
$-28.3M
$1.4B
Q1 24
$26.2M
$1.5B
Total Assets
HUMA
HUMA
VIR
VIR
Q4 25
$116.4M
Q3 25
$91.5M
$1.0B
Q2 25
$138.8M
$1.2B
Q1 25
$162.6M
$1.3B
Q4 24
$1.4B
Q3 24
$114.8M
$1.5B
Q2 24
$138.3M
$1.7B
Q1 24
$161.5M
$1.8B
Debt / Equity
HUMA
HUMA
VIR
VIR
Q4 25
11.40×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
HUMA
HUMA
VIR
VIR
Operating Cash FlowLast quarter
$-26.1M
$-167.6M
Free Cash FlowOCF − Capex
$-26.2M
$-167.9M
FCF MarginFCF / Revenue
-5602.4%
-69952.9%
Capex IntensityCapex / Revenue
8.4%
132.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-105.9M
$-824.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUMA
HUMA
VIR
VIR
Q4 25
$-26.1M
Q3 25
$-23.9M
$-167.6M
Q2 25
$-26.4M
$-120.2M
Q1 25
$-28.6M
$-78.1M
Q4 24
$-446.4M
Q3 24
$-22.9M
$-171.5M
Q2 24
$-21.3M
$-77.8M
Q1 24
$-27.3M
$-109.4M
Free Cash Flow
HUMA
HUMA
VIR
VIR
Q4 25
$-26.2M
Q3 25
$-24.0M
$-167.9M
Q2 25
$-27.0M
$-122.8M
Q1 25
$-28.8M
$-79.7M
Q4 24
$-453.7M
Q3 24
$-23.8M
$-174.2M
Q2 24
$-21.5M
$-78.5M
Q1 24
$-27.7M
$-111.3M
FCF Margin
HUMA
HUMA
VIR
VIR
Q4 25
-5602.4%
Q3 25
-3181.0%
-69952.9%
Q2 25
-8963.8%
-10111.8%
Q1 25
-5576.2%
-2630.1%
Q4 24
-3666.2%
Q3 24
-7321.3%
Q2 24
-2553.3%
Q1 24
-197.4%
Capex Intensity
HUMA
HUMA
VIR
VIR
Q4 25
8.4%
Q3 25
6.5%
132.1%
Q2 25
188.7%
209.1%
Q1 25
44.1%
53.7%
Q4 24
59.0%
Q3 24
116.3%
Q2 24
21.7%
Q1 24
3.3%
Cash Conversion
HUMA
HUMA
VIR
VIR
Q4 25
Q3 25
Q2 25
Q1 25
-0.73×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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