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

ROCKET PHARMACEUTICALS, INC. produced more free cash flow last quarter ($-34.9M vs $-167.9M).

Rocket Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing first-in-class adeno-associated virus (AAV) and lentiviral-based gene therapies for rare, orphan genetic disorders with high unmet medical need. It primarily operates across the U.S. and European markets, with pipeline candidates targeting hematologic, neurological, and pediatric genetic conditions.

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.

RCKT vs VIR — Head-to-Head

Bigger by revenue
VIR
VIR
Infinity× larger
VIR
$240.0K
$0
RCKT
More free cash flow
RCKT
RCKT
$133.0M more FCF
RCKT
$-34.9M
$-167.9M
VIR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
RCKT
RCKT
VIR
VIR
Revenue
$0
$240.0K
Net Profit
$-163.1M
Gross Margin
Operating Margin
-72267.9%
Net Margin
-67975.4%
Revenue YoY
-89.9%
Net Profit YoY
23.7%
EPS (diluted)
$-0.38
$-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
RCKT
RCKT
VIR
VIR
Q4 25
$0
Q3 25
$0
$240.0K
Q2 25
$0
$1.2M
Q1 25
$0
$3.0M
Q4 24
$0
$12.4M
Q3 24
$0
$2.4M
Q2 24
$0
$3.1M
Q1 24
$0
$56.4M
Net Profit
RCKT
RCKT
VIR
VIR
Q4 25
Q3 25
$-50.3M
$-163.1M
Q2 25
$-68.9M
$-111.0M
Q1 25
$-61.3M
$-121.0M
Q4 24
Q3 24
$-66.7M
$-213.7M
Q2 24
$-69.6M
$-138.4M
Q1 24
$-62.1M
$-65.3M
Gross Margin
RCKT
RCKT
VIR
VIR
Q4 25
Q3 25
Q2 25
99.1%
Q1 25
Q4 24
Q3 24
97.9%
Q2 24
98.3%
Q1 24
99.9%
Operating Margin
RCKT
RCKT
VIR
VIR
Q4 25
Q3 25
-72267.9%
Q2 25
-9754.3%
Q1 25
-4602.5%
Q4 24
Q3 24
-9718.7%
Q2 24
-5158.7%
Q1 24
-142.0%
Net Margin
RCKT
RCKT
VIR
VIR
Q4 25
Q3 25
-67975.4%
Q2 25
-9139.9%
Q1 25
-3989.6%
Q4 24
Q3 24
-8979.7%
Q2 24
-4500.1%
Q1 24
-115.8%
EPS (diluted)
RCKT
RCKT
VIR
VIR
Q4 25
$-0.38
Q3 25
$-0.45
$-1.17
Q2 25
$-0.62
$-0.80
Q1 25
$-0.56
$-0.88
Q4 24
$-0.62
Q3 24
$-0.71
$-1.56
Q2 24
$-0.74
$-1.02
Q1 24
$-0.66
$-0.48

Balance Sheet & Financial Strength

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

Metric
RCKT
RCKT
VIR
VIR
Cash + ST InvestmentsLiquidity on hand
$188.9M
$497.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$277.2M
$796.1M
Total Assets
$330.4M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RCKT
RCKT
VIR
VIR
Q4 25
$188.9M
Q3 25
$222.8M
$497.8M
Q2 25
$271.5M
$598.7M
Q1 25
$318.2M
$790.9M
Q4 24
$372.3M
$901.0M
Q3 24
$235.7M
$909.0M
Q2 24
$278.8M
$1.1B
Q1 24
$330.3M
$1.1B
Stockholders' Equity
RCKT
RCKT
VIR
VIR
Q4 25
$277.2M
Q3 25
$313.7M
$796.1M
Q2 25
$354.2M
$947.5M
Q1 25
$412.1M
$1.0B
Q4 24
$463.2M
$1.2B
Q3 24
$329.8M
$1.2B
Q2 24
$384.6M
$1.4B
Q1 24
$441.5M
$1.5B
Total Assets
RCKT
RCKT
VIR
VIR
Q4 25
$330.4M
Q3 25
$368.0M
$1.0B
Q2 25
$421.0M
$1.2B
Q1 25
$471.1M
$1.3B
Q4 24
$527.7M
$1.4B
Q3 24
$393.7M
$1.5B
Q2 24
$446.4M
$1.7B
Q1 24
$499.4M
$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
RCKT
RCKT
VIR
VIR
Operating Cash FlowLast quarter
$-34.8M
$-167.6M
Free Cash FlowOCF − Capex
$-34.9M
$-167.9M
FCF MarginFCF / Revenue
-69952.9%
Capex IntensityCapex / Revenue
132.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-190.6M
$-824.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RCKT
RCKT
VIR
VIR
Q4 25
$-34.8M
Q3 25
$-50.4M
$-167.6M
Q2 25
$-49.0M
$-120.2M
Q1 25
$-55.8M
$-78.1M
Q4 24
$-46.9M
$-446.4M
Q3 24
$-52.1M
$-171.5M
Q2 24
$-53.8M
$-77.8M
Q1 24
$-56.9M
$-109.4M
Free Cash Flow
RCKT
RCKT
VIR
VIR
Q4 25
$-34.9M
Q3 25
$-50.5M
$-167.9M
Q2 25
$-49.0M
$-122.8M
Q1 25
$-56.2M
$-79.7M
Q4 24
$-47.3M
$-453.7M
Q3 24
$-53.7M
$-174.2M
Q2 24
$-55.8M
$-78.5M
Q1 24
$-58.9M
$-111.3M
FCF Margin
RCKT
RCKT
VIR
VIR
Q4 25
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%
Capex Intensity
RCKT
RCKT
VIR
VIR
Q4 25
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%

Financial Flow Comparison

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

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