Roivant Sciences Ltd. (ROIV)

Roivant Sciences Ltd., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of medicines and technologies. Its clinical product candidates include IMVT-1402, a fully human monoclonal antibody targeting FcRn in development across several IgG-mediated autoimmune indications; mosliciguat, an inhaled sGC activator in development for pulmonary hypertension associated with interstitial lung disease; neonatal fragment crystallizable receptor for the treatment of graves' disease, difficult-to-treat rheumatoid arthritis, sjögren's disease, myasthenia gravis, chronic inflammatory demyelinating polyneuropathy, and cutaneous lupus erythematosus indications; batoclimab, a fully human monoclonal antibody for the treatment of thyroid eye disease; and brepocitinib, a potent small molecule inhibitor of TYK2 and JAK1 in development for the treatment of dermatomyositis, non-infectious uveitis, cutaneous sarcoidosis, and other immune-mediated diseases. The company's lead program consists of mosliciguat, an inhaled sGC activator for the treatment of pulmonary hypertension associated with interstitial lung disease and other cardiopulmonary diseases. In addition, the company offers delivery platforms comprising a lipid nanoparticle (LNP) platform and a ligand conjugate platform. Roivant Sciences Ltd. was founded in 2014 and is based in London, United Kingdom.

Symbol
ROIV
Exchange
Nasdaq
Sector
Healthcare
Industry
Biotechnology
Market cap
$27.62B
52 week range
14.5 - 42.5

Valuation

Share price
$36.82 (close of 2026-09-23)
P/E (TTM)
-106.17x
Price to book
5.61x
Price to free cash flow
-33.64x
Enterprise value
$23.89B
Book value per share
$6.81

Price performance

PeriodChange
1 day-5.57%
5 days-6.78%
1 month+1.43%
3 months+14.31%
6 months+31.83%
Year to date+69.68%
1 year+149.80%
3 years+256.44%
5 years+269.31%
All time+254.04%

Profitability and growth

Return on equity
-5.66%
Return on invested capital
-46.49%
Return on assets
-5.25%
Return on capital employed
-9.49%
Net margin
-3629.19%
EBITDA margin
-6195.16%
Revenue growth
-71.57%
Net income growth
-74.30%
Free cash flow growth
10.13%

Cash flow and balance sheet

Free cash flow yield (TTM)
-2.97%
Current ratio
16.72x
Net debt to EBITDA
2.74x

Latest reported year

Period end
2026-03-31
Fiscal year
2026
Revenue
$8.26M
EBITDA
$-511.72M
Net income
$-299.77M
Earnings per share
$-0.43
Research and development
$681.81M
Shares outstanding
693.86M

Income statement by year

Period endRevenueNet incomeEPS
2026-03-31$8.26M$-299.77M$-0.43
2025-03-31$29.05M$-171.98M$-0.24
2024-03-31$32.71M$4.35B$5.55
2023-03-31$31.53M$-1.01B$-1.42
2022-03-31$55.29M$-845.26M$-1.26
2021-03-31$23.80M$-809.23M$-1.28

Margins and returns by year

Period endNet marginReturn on equityReturn on capital
2026-03-31-3629.19%-5.66%-46.49%
2025-03-31-591.96%-3.32%-250.52%
2024-03-3113294.18%67.44%59184.46%
2023-03-31-3200.22%-62.77%-219.99%
2022-03-31-1528.89%-41.46%-515.04%
2021-03-31-3400.86%-39.68%-466.73%

Cash and debt by year

Period endCashDebt
2026-03-31$4.29B-
2025-03-31$4.89B-
2024-03-31$6.49B$430.59M
2023-03-31$1.68B$375.51M
2022-03-31$2.06B$210.03M
2021-03-31$2.06B$170.28M

Free cash flow by year

Period endFree cash flowStock-based compensation
2026-03-31$-758.56M$346.17M
2025-03-31$-844.05M$289.03M
2024-03-31$-766.65M$199.63M
2023-03-31$-856.08M$217.78M
2022-03-31$-695.16M$564.96M
2021-03-31$-557.94M$84.96M

Investor relations

Next earnings report

Next confirmed report
2026-11-09

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-06Jun/2026-
2026-05-20--
2026-02-06--
2025-11-10--
2025-08-11--
2025-05-29--
2025-02-10--
2024-11-12--

Filings and sources

Company website
roivant.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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