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

Pelthos Therapeutics Inc. is the larger business by last-quarter revenue ($294.0K vs $240.0K, roughly 1.2× Vir Biotechnology, Inc.). Pelthos Therapeutics Inc. runs the higher net margin — -5523.1% vs -67975.4%, a 62452.3% gap on every dollar of revenue.

Pelthos Therapeutics Inc. is a clinical-stage biopharmaceutical company focused on discovering, developing, and commercializing targeted therapies for rare metabolic and endocrine diseases with significant unmet medical needs. It operates primarily across North America and Europe, with a pipeline of novel drug candidates addressing underserved patient populations.

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.

PTHS vs VIR — Head-to-Head

Bigger by revenue
PTHS
PTHS
1.2× larger
PTHS
$294.0K
$240.0K
VIR
Higher net margin
PTHS
PTHS
62452.3% more per $
PTHS
-5523.1%
-67975.4%
VIR

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
PTHS
PTHS
VIR
VIR
Revenue
$294.0K
$240.0K
Net Profit
$-16.2M
$-163.1M
Gross Margin
-687.8%
Operating Margin
-5225.2%
-72267.9%
Net Margin
-5523.1%
-67975.4%
Revenue YoY
-89.9%
Net Profit YoY
-858.0%
23.7%
EPS (diluted)
$-5.30
$-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
PTHS
PTHS
VIR
VIR
Q3 25
$294.0K
$240.0K
Q2 25
$1.2M
Q1 25
$3.0M
Q4 24
$12.4M
Q3 24
$2.4M
Q2 24
$3.1M
Q1 24
$56.4M
Q4 23
$16.8M
Net Profit
PTHS
PTHS
VIR
VIR
Q3 25
$-16.2M
$-163.1M
Q2 25
$-111.0M
Q1 25
$-121.0M
Q4 24
Q3 24
$-213.7M
Q2 24
$-138.4M
Q1 24
$-65.3M
Q4 23
Gross Margin
PTHS
PTHS
VIR
VIR
Q3 25
-687.8%
Q2 25
99.1%
Q1 25
Q4 24
Q3 24
97.9%
Q2 24
98.3%
Q1 24
99.9%
Q4 23
95.2%
Operating Margin
PTHS
PTHS
VIR
VIR
Q3 25
-5225.2%
-72267.9%
Q2 25
-9754.3%
Q1 25
-4602.5%
Q4 24
Q3 24
-9718.7%
Q2 24
-5158.7%
Q1 24
-142.0%
Q4 23
Net Margin
PTHS
PTHS
VIR
VIR
Q3 25
-5523.1%
-67975.4%
Q2 25
-9139.9%
Q1 25
-3989.6%
Q4 24
Q3 24
-8979.7%
Q2 24
-4500.1%
Q1 24
-115.8%
Q4 23
EPS (diluted)
PTHS
PTHS
VIR
VIR
Q3 25
$-5.30
$-1.17
Q2 25
$-0.80
Q1 25
$-0.88
Q4 24
Q3 24
$-1.56
Q2 24
$-1.02
Q1 24
$-0.48
Q4 23

Balance Sheet & Financial Strength

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

Metric
PTHS
PTHS
VIR
VIR
Cash + ST InvestmentsLiquidity on hand
$14.2M
$497.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.3M
$796.1M
Total Assets
$126.4M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTHS
PTHS
VIR
VIR
Q3 25
$14.2M
$497.8M
Q2 25
$598.7M
Q1 25
$790.9M
Q4 24
$901.0M
Q3 24
$909.0M
Q2 24
$1.1B
Q1 24
$1.1B
Q4 23
$1.5B
Stockholders' Equity
PTHS
PTHS
VIR
VIR
Q3 25
$58.3M
$796.1M
Q2 25
$947.5M
Q1 25
$1.0B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.4B
Q1 24
$1.5B
Q4 23
$1.6B
Total Assets
PTHS
PTHS
VIR
VIR
Q3 25
$126.4M
$1.0B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.4B
Q3 24
$1.5B
Q2 24
$1.7B
Q1 24
$1.8B
Q4 23
$1.9B

Cash Flow & Capital Efficiency

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

Metric
PTHS
PTHS
VIR
VIR
Operating Cash FlowLast quarter
$-15.3M
$-167.6M
Free Cash FlowOCF − Capex
$-167.9M
FCF MarginFCF / Revenue
-69952.9%
Capex IntensityCapex / Revenue
132.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-824.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PTHS
PTHS
VIR
VIR
Q3 25
$-15.3M
$-167.6M
Q2 25
$-120.2M
Q1 25
$-78.1M
Q4 24
$-446.4M
Q3 24
$-171.5M
Q2 24
$-77.8M
Q1 24
$-109.4M
Q4 23
$-778.8M
Free Cash Flow
PTHS
PTHS
VIR
VIR
Q3 25
$-167.9M
Q2 25
$-122.8M
Q1 25
$-79.7M
Q4 24
$-453.7M
Q3 24
$-174.2M
Q2 24
$-78.5M
Q1 24
$-111.3M
Q4 23
$-800.4M
FCF Margin
PTHS
PTHS
VIR
VIR
Q3 25
-69952.9%
Q2 25
-10111.8%
Q1 25
-2630.1%
Q4 24
-3666.2%
Q3 24
-7321.3%
Q2 24
-2553.3%
Q1 24
-197.4%
Q4 23
-4767.7%
Capex Intensity
PTHS
PTHS
VIR
VIR
Q3 25
132.1%
Q2 25
209.1%
Q1 25
53.7%
Q4 24
59.0%
Q3 24
116.3%
Q2 24
21.7%
Q1 24
3.3%
Q4 23
128.5%

Financial Flow Comparison

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

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