
Vir Biotechnology, Inc.
VIRNasdaqCIK 1706431HealthcareFiscal year ends Dec 31
Income statement
| Line item | Unit | Q3 FY20232023-09-30 | Q4 FY20232023-12-31 | Q1 FY20242024-03-31 | Q2 FY20242024-06-30 | Q3 FY20242024-09-30 | Q4 FY20242024-12-31 | Q1 FY20252025-03-31 | Q2 FY20252025-06-30 | Q3 FY20252025-09-30 | Q4 FY20252025-12-31 | Q1 FY20262026-03-31 | Q2 FY20262026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $m | 2.6Revenue, Q3 FY2023, three months to 2023-09-30$2.6m. XBRL concept us-gaap:Revenues. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | 16.8Revenue, Q4 FY2023, three months to 2023-12-31$16.8m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 56.4Revenue, Q1 FY2024, three months to 2024-03-31$56.4m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | 3.1Revenue, Q2 FY2024, three months to 2024-06-30$3.1m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | 2.4Revenue, Q3 FY2024, three months to 2024-09-30$2.4m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 12.4Revenue, Q4 FY2024, three months to 2024-12-31$12.4m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 3.0Revenue, Q1 FY2025, three months to 2025-03-31$3.0m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | 1.2Revenue, Q2 FY2025, three months to 2025-06-30$1.2m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | 0.2Revenue, Q3 FY2025, three months to 2025-09-30$240.0k. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 64.1Revenue, Q4 FY2025, three months to 2025-12-31$64.1m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | (0.0)Revenue, Q1 FY2026, three months to 2026-03-31−$29.0k. XBRL concept us-gaap:Revenues. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 239Revenue, Q2 FY2026, three months to 2026-06-30$238.9m. XBRL concept us-gaap:Revenues. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Cost of revenue | $m | 0.0Cost of revenue, Q3 FY2023, three months to 2023-09-30$38.0k. XBRL concept us-gaap:CostOfRevenue. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | 0.8Cost of revenue, Q4 FY2023, three months to 2023-12-31$798.0k. XBRL concept us-gaap:CostOfRevenue. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 0.1Cost of revenue, Q1 FY2024, three months to 2024-03-31$59.0k. XBRL concept us-gaap:CostOfRevenue. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | 0.1Cost of revenue, Q2 FY2024, three months to 2024-06-30$52.0k. XBRL concept us-gaap:CostOfRevenue. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | 0.1Cost of revenue, Q3 FY2024, three months to 2024-09-30$50.0k. XBRL concept us-gaap:CostOfRevenue. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | 0.7Cost of revenue, Q4 FY2024, three months to 2024-12-31$684.0k. XBRL concept us-gaap:CostOfRevenue. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 0.0Cost of revenue, Q1 FY2025, three months to 2025-03-31$0. XBRL concept us-gaap:CostOfRevenue. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | 0.0Cost of revenue, Q2 FY2025, three months to 2025-06-30$11.0k. XBRL concept us-gaap:CostOfRevenue. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | not reported | not reported | not reported | 0.0Cost of revenue, Q2 FY2026, three months to 2026-06-30$0. XBRL concept us-gaap:CostOfRevenue. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Research and development | $m | 145Research and development, Q3 FY2023, three months to 2023-09-30$145.0m. XBRL concept us-gaap:ResearchAndDevelopmentExpense. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | 109Research and development, Q4 FY2023, three months to 2023-12-31$109.0m. XBRL concept us-gaap:ResearchAndDevelopmentExpense. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 100Research and development, Q1 FY2024, three months to 2024-03-31$100.1m. XBRL concept us-gaap:ResearchAndDevelopmentExpense. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | 105Research and development, Q2 FY2024, three months to 2024-06-30$105.1m. XBRL concept us-gaap:ResearchAndDevelopmentExpense. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | 195Research and development, Q3 FY2024, three months to 2024-09-30$195.2m. XBRL concept us-gaap:ResearchAndDevelopmentExpense. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 106Research and development, Q4 FY2024, three months to 2024-12-31$106.1m. XBRL concept us-gaap:ResearchAndDevelopmentExpense. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 119Research and development, Q1 FY2025, three months to 2025-03-31$118.6m. XBRL concept us-gaap:ResearchAndDevelopmentExpense. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 97.5Research and development, Q2 FY2025, three months to 2025-06-30$97.5m. XBRL concept us-gaap:ResearchAndDevelopmentExpense. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 151Research and development, Q3 FY2025, three months to 2025-09-30$151.5m. XBRL concept us-gaap:ResearchAndDevelopmentExpense. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 88.3Research and development, Q4 FY2025, three months to 2025-12-31$88.3m. XBRL concept us-gaap:ResearchAndDevelopmentExpense. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 109Research and development, Q1 FY2026, three months to 2026-03-31$108.9m. XBRL concept us-gaap:ResearchAndDevelopmentExpense. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 135Research and development, Q2 FY2026, three months to 2026-06-30$135.3m. XBRL concept us-gaap:ResearchAndDevelopmentExpense. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Selling, general and administrative | $m | 40.9Selling, general and administrative, Q3 FY2023, three months to 2023-09-30$40.9m. XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | 41.2Selling, general and administrative, Q4 FY2023, three months to 2023-12-31$41.2m. XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 36.3Selling, general and administrative, Q1 FY2024, three months to 2024-03-31$36.3m. XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | 30.3Selling, general and administrative, Q2 FY2024, three months to 2024-06-30$30.3m. XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | 25.7Selling, general and administrative, Q3 FY2024, three months to 2024-09-30$25.7m. XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 26.7Selling, general and administrative, Q4 FY2024, three months to 2024-12-31$26.7m. XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 23.9Selling, general and administrative, Q1 FY2025, three months to 2025-03-31$23.9m. XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 22.3Selling, general and administrative, Q2 FY2025, three months to 2025-06-30$22.3m. XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 22.2Selling, general and administrative, Q3 FY2025, three months to 2025-09-30$22.2m. XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 23.6Selling, general and administrative, Q4 FY2025, three months to 2025-12-31$23.6m. XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 23.3Selling, general and administrative, Q1 FY2026, three months to 2026-03-31$23.3m. XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 30.2Selling, general and administrative, Q2 FY2026, three months to 2026-06-30$30.2m. XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Operating income | $m | (187)Operating income, Q3 FY2023, three months to 2023-09-30−$186.7m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | (139)Operating income, Q4 FY2023, three months to 2023-12-31−$139.0m. XBRL concept us-gaap:OperatingIncomeLoss. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | (80.1)Operating income, Q1 FY2024, three months to 2024-03-31−$80.1m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | (159)Operating income, Q2 FY2024, three months to 2024-06-30−$158.6m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | (231)Operating income, Q3 FY2024, three months to 2024-09-30−$231.3m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | (117)Operating income, Q4 FY2024, three months to 2024-12-31−$117.2m. XBRL concept us-gaap:OperatingIncomeLoss. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | (140)Operating income, Q1 FY2025, three months to 2025-03-31−$139.5m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | (118)Operating income, Q2 FY2025, three months to 2025-06-30−$118.4m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | (173)Operating income, Q3 FY2025, three months to 2025-09-30−$173.4m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | (47.9)Operating income, Q4 FY2025, three months to 2025-12-31−$47.9m. XBRL concept us-gaap:OperatingIncomeLoss. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | (132)Operating income, Q1 FY2026, three months to 2026-03-31−$132.3m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 73.5Operating income, Q2 FY2026, three months to 2026-06-30$73.5m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Income tax | $m | (3.2)Income tax, Q3 FY2023, three months to 2023-09-30−$3.2m. XBRL concept us-gaap:IncomeTaxExpenseBenefit. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | (4.8)Income tax, Q4 FY2023, three months to 2023-12-31−$4.8m. XBRL concept us-gaap:IncomeTaxExpenseBenefit. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 0.3Income tax, Q1 FY2024, three months to 2024-03-31$276.0k. XBRL concept us-gaap:IncomeTaxExpenseBenefit. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | (1.5)Income tax, Q2 FY2024, three months to 2024-06-30−$1.5m. XBRL concept us-gaap:IncomeTaxExpenseBenefit. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | 0.2Income tax, Q3 FY2024, three months to 2024-09-30$177.0k. XBRL concept us-gaap:IncomeTaxExpenseBenefit. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | (0.1)Income tax, Q4 FY2024, three months to 2024-12-31−$86.0k. XBRL concept us-gaap:IncomeTaxExpenseBenefit. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 0.0Income tax, Q1 FY2025, three months to 2025-03-31$16.0k. XBRL concept us-gaap:IncomeTaxExpenseBenefit. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 0.2Income tax, Q2 FY2025, three months to 2025-06-30$170.0k. XBRL concept us-gaap:IncomeTaxExpenseBenefit. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 0.2Income tax, Q3 FY2025, three months to 2025-09-30$168.0k. XBRL concept us-gaap:IncomeTaxExpenseBenefit. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | (0.1)Income tax, Q4 FY2025, three months to 2025-12-31−$137.0k. XBRL concept us-gaap:IncomeTaxExpenseBenefit. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 0.2Income tax, Q1 FY2026, three months to 2026-03-31$170.0k. XBRL concept us-gaap:IncomeTaxExpenseBenefit. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 0.2Income tax, Q2 FY2026, three months to 2026-06-30$179.0k. XBRL concept us-gaap:IncomeTaxExpenseBenefit. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Net income | $m | (163)Net income, Q3 FY2023, three months to 2023-09-30−$163.4m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | (116)Net income, Q4 FY2023, three months to 2023-12-31−$116.0m. XBRL concept us-gaap:NetIncomeLoss. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | (65.3)Net income, Q1 FY2024, three months to 2024-03-31−$65.3m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | (138)Net income, Q2 FY2024, three months to 2024-06-30−$138.4m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | (214)Net income, Q3 FY2024, three months to 2024-09-30−$213.7m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | (105)Net income, Q4 FY2024, three months to 2024-12-31−$104.6m. XBRL concept us-gaap:NetIncomeLoss. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | (121)Net income, Q1 FY2025, three months to 2025-03-31−$121.0m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | (111)Net income, Q2 FY2025, three months to 2025-06-30−$111.0m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | (163)Net income, Q3 FY2025, three months to 2025-09-30−$163.1m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | (42.9)Net income, Q4 FY2025, three months to 2025-12-31−$42.9m. XBRL concept us-gaap:NetIncomeLoss. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | (126)Net income, Q1 FY2026, three months to 2026-03-31−$125.7m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 80.1Net income, Q2 FY2026, three months to 2026-06-30$80.1m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Diluted EPS | $ per share | (1.22)Diluted EPS, Q3 FY2023, three months to 2023-09-30−$1.22 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | not reported | (0.48)Diluted EPS, Q1 FY2024, three months to 2024-03-31−$0.48 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | (1.02)Diluted EPS, Q2 FY2024, three months to 2024-06-30−$1.02 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | (1.56)Diluted EPS, Q3 FY2024, three months to 2024-09-30−$1.56 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | not reported | (0.88)Diluted EPS, Q1 FY2025, three months to 2025-03-31−$0.88 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | (0.80)Diluted EPS, Q2 FY2025, three months to 2025-06-30−$0.80 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | (1.17)Diluted EPS, Q3 FY2025, three months to 2025-09-30−$1.17 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | not reported | (0.85)Diluted EPS, Q1 FY2026, three months to 2026-03-31−$0.85 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 0.47Diluted EPS, Q2 FY2026, three months to 2026-06-30$0.47 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Basic EPS | $ per share | (1.22)Basic EPS, Q3 FY2023, three months to 2023-09-30−$1.22 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | not reported | (0.48)Basic EPS, Q1 FY2024, three months to 2024-03-31−$0.48 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | (1.02)Basic EPS, Q2 FY2024, three months to 2024-06-30−$1.02 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | (1.56)Basic EPS, Q3 FY2024, three months to 2024-09-30−$1.56 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | not reported | (0.88)Basic EPS, Q1 FY2025, three months to 2025-03-31−$0.88 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | (0.80)Basic EPS, Q2 FY2025, three months to 2025-06-30−$0.80 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | (1.17)Basic EPS, Q3 FY2025, three months to 2025-09-30−$1.17 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | not reported | (0.85)Basic EPS, Q1 FY2026, three months to 2026-03-31−$0.85 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 0.48Basic EPS, Q2 FY2026, three months to 2026-06-30$0.48 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
Balance sheet
| Line item | Unit | Q3 FY20232023-09-30 | FY20232023-12-31 | Q1 FY20242024-03-31 | Q2 FY20242024-06-30 | Q3 FY20242024-09-30 | FY20242024-12-31 | Q1 FY20252025-03-31 | Q2 FY20252025-06-30 | Q3 FY20252025-09-30 | FY20252025-12-31 | Q1 FY20262026-03-31 | Q2 FY20262026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $m | 452Cash and equivalents, Q3 FY2023, at 2023-09-30$452.1m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | 242Cash and equivalents, FY2023, at 2023-12-31$241.6m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-K filed 2026-02-23, accession 0001628280-26-010749.Report this figure | 161Cash and equivalents, Q1 FY2024, at 2024-03-31$160.7m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | 297Cash and equivalents, Q2 FY2024, at 2024-06-30$296.9m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | 168Cash and equivalents, Q3 FY2024, at 2024-09-30$168.3m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 223Cash and equivalents, FY2024, at 2024-12-31$222.9m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-K filed 2026-02-23, accession 0001628280-26-010749.Report this figure | 274Cash and equivalents, Q1 FY2025, at 2025-03-31$273.6m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 211Cash and equivalents, Q2 FY2025, at 2025-06-30$211.1m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 170Cash and equivalents, Q3 FY2025, at 2025-09-30$170.1m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 232Cash and equivalents, FY2025, at 2025-12-31$232.2m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 274Cash and equivalents, Q1 FY2026, at 2026-03-31$274.2m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 279Cash and equivalents, Q2 FY2026, at 2026-06-30$278.7m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Current assets | $m | 1,769Current assets, Q3 FY2023, at 2023-09-30$1.77bn. XBRL concept us-gaap:AssetsCurrent. 10-Q filed 2023-11-03, accession 0001628280-23-036702.Report this figure | 1,588Current assets, FY2023, at 2023-12-31$1.59bn. XBRL concept us-gaap:AssetsCurrent. 10-K filed 2025-02-27, accession 0001628280-25-008245.Report this figure | 1,213Current assets, Q1 FY2024, at 2024-03-31$1.21bn. XBRL concept us-gaap:AssetsCurrent. 10-Q filed 2024-05-03, accession 0001628280-24-020299.Report this figure | 1,206Current assets, Q2 FY2024, at 2024-06-30$1.21bn. XBRL concept us-gaap:AssetsCurrent. 10-Q filed 2024-08-01, accession 0001628280-24-034195.Report this figure | 1,047Current assets, Q3 FY2024, at 2024-09-30$1.05bn. XBRL concept us-gaap:AssetsCurrent. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | 1,042Current assets, FY2024, at 2024-12-31$1.04bn. XBRL concept us-gaap:AssetsCurrent. 10-K filed 2026-02-23, accession 0001628280-26-010749.Report this figure | 932Current assets, Q1 FY2025, at 2025-03-31$932.2m. XBRL concept us-gaap:AssetsCurrent. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | 736Current assets, Q2 FY2025, at 2025-06-30$735.7m. XBRL concept us-gaap:AssetsCurrent. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | 546Current assets, Q3 FY2025, at 2025-09-30$545.7m. XBRL concept us-gaap:AssetsCurrent. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 514Current assets, FY2025, at 2025-12-31$514.1m. XBRL concept us-gaap:AssetsCurrent. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 523Current assets, Q1 FY2026, at 2026-03-31$523.0m. XBRL concept us-gaap:AssetsCurrent. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 574Current assets, Q2 FY2026, at 2026-06-30$573.7m. XBRL concept us-gaap:AssetsCurrent. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Total assets | $m | 2,045Total assets, Q3 FY2023, at 2023-09-30$2.04bn. XBRL concept us-gaap:Assets. 10-Q filed 2023-11-03, accession 0001628280-23-036702.Report this figure | 1,919Total assets, FY2023, at 2023-12-31$1.92bn. XBRL concept us-gaap:Assets. 10-K filed 2025-02-27, accession 0001628280-25-008245.Report this figure | 1,794Total assets, Q1 FY2024, at 2024-03-31$1.79bn. XBRL concept us-gaap:Assets. 10-Q filed 2024-05-03, accession 0001628280-24-020299.Report this figure | 1,670Total assets, Q2 FY2024, at 2024-06-30$1.67bn. XBRL concept us-gaap:Assets. 10-Q filed 2024-08-01, accession 0001628280-24-034195.Report this figure | 1,498Total assets, Q3 FY2024, at 2024-09-30$1.50bn. XBRL concept us-gaap:Assets. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | 1,399Total assets, FY2024, at 2024-12-31$1.40bn. XBRL concept us-gaap:Assets. 10-K filed 2026-02-23, accession 0001628280-26-010749.Report this figure | 1,308Total assets, Q1 FY2025, at 2025-03-31$1.31bn. XBRL concept us-gaap:Assets. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | 1,193Total assets, Q2 FY2025, at 2025-06-30$1.19bn. XBRL concept us-gaap:Assets. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | 1,019Total assets, Q3 FY2025, at 2025-09-30$1.02bn. XBRL concept us-gaap:Assets. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 1,003Total assets, FY2025, at 2025-12-31$1.00bn. XBRL concept us-gaap:Assets. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 1,026Total assets, Q1 FY2026, at 2026-03-31$1.03bn. XBRL concept us-gaap:Assets. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 1,215Total assets, Q2 FY2026, at 2026-06-30$1.21bn. XBRL concept us-gaap:Assets. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Current liabilities | $m | 165Current liabilities, Q3 FY2023, at 2023-09-30$165.1m. XBRL concept us-gaap:LiabilitiesCurrent. 10-Q filed 2023-11-03, accession 0001628280-23-036702.Report this figure | 175Current liabilities, FY2023, at 2023-12-31$175.4m. XBRL concept us-gaap:LiabilitiesCurrent. 10-K filed 2025-02-27, accession 0001628280-25-008245.Report this figure | 94.1Current liabilities, Q1 FY2024, at 2024-03-31$94.1m. XBRL concept us-gaap:LiabilitiesCurrent. 10-Q filed 2024-05-03, accession 0001628280-24-020299.Report this figure | 96.4Current liabilities, Q2 FY2024, at 2024-06-30$96.4m. XBRL concept us-gaap:LiabilitiesCurrent. 10-Q filed 2024-08-01, accession 0001628280-24-034195.Report this figure | 117Current liabilities, Q3 FY2024, at 2024-09-30$117.2m. XBRL concept us-gaap:LiabilitiesCurrent. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | 120Current liabilities, FY2024, at 2024-12-31$119.7m. XBRL concept us-gaap:LiabilitiesCurrent. 10-K filed 2026-02-23, accession 0001628280-26-010749.Report this figure | 137Current liabilities, Q1 FY2025, at 2025-03-31$137.3m. XBRL concept us-gaap:LiabilitiesCurrent. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | 105Current liabilities, Q2 FY2025, at 2025-06-30$105.0m. XBRL concept us-gaap:LiabilitiesCurrent. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | 75.2Current liabilities, Q3 FY2025, at 2025-09-30$75.2m. XBRL concept us-gaap:LiabilitiesCurrent. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 92.8Current liabilities, FY2025, at 2025-12-31$92.8m. XBRL concept us-gaap:LiabilitiesCurrent. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 73.6Current liabilities, Q1 FY2026, at 2026-03-31$73.6m. XBRL concept us-gaap:LiabilitiesCurrent. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 95.0Current liabilities, Q2 FY2026, at 2026-06-30$95.0m. XBRL concept us-gaap:LiabilitiesCurrent. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Total liabilities | $m | 370Total liabilities, Q3 FY2023, at 2023-09-30$369.8m. XBRL concept us-gaap:Liabilities. 10-Q filed 2023-11-03, accession 0001628280-23-036702.Report this figure | 329Total liabilities, FY2023, at 2023-12-31$328.8m. XBRL concept us-gaap:Liabilities. 10-K filed 2025-02-27, accession 0001628280-25-008245.Report this figure | 247Total liabilities, Q1 FY2024, at 2024-03-31$246.6m. XBRL concept us-gaap:Liabilities. 10-Q filed 2024-05-03, accession 0001628280-24-020299.Report this figure | 236Total liabilities, Q2 FY2024, at 2024-06-30$235.9m. XBRL concept us-gaap:Liabilities. 10-Q filed 2024-08-01, accession 0001628280-24-034195.Report this figure | 258Total liabilities, Q3 FY2024, at 2024-09-30$257.6m. XBRL concept us-gaap:Liabilities. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | 248Total liabilities, FY2024, at 2024-12-31$248.4m. XBRL concept us-gaap:Liabilities. 10-K filed 2026-02-23, accession 0001628280-26-010749.Report this figure | 264Total liabilities, Q1 FY2025, at 2025-03-31$263.9m. XBRL concept us-gaap:Liabilities. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | 245Total liabilities, Q2 FY2025, at 2025-06-30$245.1m. XBRL concept us-gaap:Liabilities. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | 223Total liabilities, Q3 FY2025, at 2025-09-30$223.4m. XBRL concept us-gaap:Liabilities. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 238Total liabilities, FY2025, at 2025-12-31$237.5m. XBRL concept us-gaap:Liabilities. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 213Total liabilities, Q1 FY2026, at 2026-03-31$212.8m. XBRL concept us-gaap:Liabilities. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 232Total liabilities, Q2 FY2026, at 2026-06-30$232.3m. XBRL concept us-gaap:Liabilities. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
| Shareholders' equity | $m | 1,675Shareholders' equity, Q3 FY2023, at 2023-09-30$1.68bn. XBRL concept us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest. 10-Q filed 2024-11-04, accession 0001628280-24-044995.Report this figure | 1,590Shareholders' equity, FY2023, at 2023-12-31$1.59bn. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 1,547Shareholders' equity, Q1 FY2024, at 2024-03-31$1.55bn. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2025-08-06, accession 0001628280-25-038431.Report this figure | 1,434Shareholders' equity, Q2 FY2024, at 2024-06-30$1.43bn. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 1,241Shareholders' equity, Q3 FY2024, at 2024-09-30$1.24bn. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 1,150Shareholders' equity, FY2024, at 2024-12-31$1.15bn. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 1,044Shareholders' equity, Q1 FY2025, at 2025-03-31$1.04bn. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 947Shareholders' equity, Q2 FY2025, at 2025-06-30$947.5m. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 796Shareholders' equity, Q3 FY2025, at 2025-09-30$796.1m. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2025-11-05, accession 0001628280-25-049694.Report this figure | 765Shareholders' equity, FY2025, at 2025-12-31$765.3m. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 813Shareholders' equity, Q1 FY2026, at 2026-03-31$812.8m. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure | 982Shareholders' equity, Q2 FY2026, at 2026-06-30$982.5m. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2026-08-05, accession 0001628280-26-053549.Report this figure |
Cash flow
| Line item | Unit | Q3 FY20232023-09-30 | Q4 FY20232023-12-31 | Q1 FY20242024-03-31 | Q2 FY20242024-06-30 | Q3 FY20242024-09-30 | Q4 FY20242024-12-31 | Q1 FY20252025-03-31 | Q2 FY20252025-06-30 | Q3 FY20252025-09-30 | Q4 FY20252025-12-31 | Q1 FY20262026-03-31 | Q2 FY20262026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $m | (156)Operating cash flow, Q3 FY2023, three months to 2023-09-30−$155.8m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2024-11-04, accession 0001628280-24-044995. Derived: 9-month figure less the 6-month figure.Report this figure | (108)Operating cash flow, Q4 FY2023, three months to 2023-12-31−$107.9m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | (109)Operating cash flow, Q1 FY2024, three months to 2024-03-31−$109.4m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | (77.8)Operating cash flow, Q2 FY2024, three months to 2024-06-30−$77.8m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2025-08-06, accession 0001628280-25-038431. Derived: 6-month figure less the 3-month figure.Report this figure | (171)Operating cash flow, Q3 FY2024, three months to 2024-09-30−$171.5m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2025-11-05, accession 0001628280-25-049694. Derived: 9-month figure less the 6-month figure.Report this figure | (87.6)Operating cash flow, Q4 FY2024, three months to 2024-12-31−$87.6m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | (78.1)Operating cash flow, Q1 FY2025, three months to 2025-03-31−$78.1m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | (120)Operating cash flow, Q2 FY2025, three months to 2025-06-30−$120.2m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2026-08-05, accession 0001628280-26-053549. Derived: 6-month figure less the 3-month figure.Report this figure | (168)Operating cash flow, Q3 FY2025, three months to 2025-09-30−$167.6m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2025-11-05, accession 0001628280-25-049694. Derived: 9-month figure less the 6-month figure.Report this figure | (25.9)Operating cash flow, Q4 FY2025, three months to 2025-12-31−$25.9m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | (132)Operating cash flow, Q1 FY2026, three months to 2026-03-31−$132.4m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 123Operating cash flow, Q2 FY2026, three months to 2026-06-30$123.3m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2026-08-05, accession 0001628280-26-053549. Derived: 6-month figure less the 3-month figure.Report this figure |
| Capital expenditure | $m | 3.7Capital expenditure, Q3 FY2023, three months to 2023-09-30$3.7m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2024-11-04, accession 0001628280-24-044995. Derived: 9-month figure less the 6-month figure.Report this figure | 1.5Capital expenditure, Q4 FY2023, three months to 2023-12-31$1.5m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 1.9Capital expenditure, Q1 FY2024, three months to 2024-03-31$1.9m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2025-05-08, accession 0001628280-25-023291.Report this figure | 0.7Capital expenditure, Q2 FY2024, three months to 2024-06-30$666.0k. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2025-08-06, accession 0001628280-25-038431. Derived: 6-month figure less the 3-month figure.Report this figure | 2.8Capital expenditure, Q3 FY2024, three months to 2024-09-30$2.8m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2025-11-05, accession 0001628280-25-049694. Derived: 9-month figure less the 6-month figure.Report this figure | 2.0Capital expenditure, Q4 FY2024, three months to 2024-12-31$2.0m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 1.6Capital expenditure, Q1 FY2025, three months to 2025-03-31$1.6m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 2.5Capital expenditure, Q2 FY2025, three months to 2025-06-30$2.5m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2026-08-05, accession 0001628280-26-053549. Derived: 6-month figure less the 3-month figure.Report this figure | 0.3Capital expenditure, Q3 FY2025, three months to 2025-09-30$317.0k. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2025-11-05, accession 0001628280-25-049694. Derived: 9-month figure less the 6-month figure.Report this figure | 0.3Capital expenditure, Q4 FY2025, three months to 2025-12-31$348.0k. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-K filed 2026-02-23, accession 0001628280-26-010749. Derived: 12-month figure less the 9-month figure.Report this figure | 0.4Capital expenditure, Q1 FY2026, three months to 2026-03-31$390.0k. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2026-05-07, accession 0001628280-26-031471.Report this figure | 0.0Capital expenditure, Q2 FY2026, three months to 2026-06-30$32.0k. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2026-08-05, accession 0001628280-26-053549. Derived: 6-month figure less the 3-month figure.Report this figure |
Shares
| Line item | Unit | Q3 FY20222022-09-30 | Q1 FY20232023-03-31 | Q2 FY20232023-06-30 | Q3 FY20232023-09-30 | Q1 FY20242024-03-31 | Q2 FY20242024-06-30 | Q3 FY20242024-09-30 | Q1 FY20252025-03-31 | Q2 FY20252025-06-30 | Q3 FY20252025-09-30 | Q1 FY20262026-03-31 | Q2 FY20262026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Diluted shares (weighted) | m shares | 135 | 134 | 134 | 134 | 135 | 136 | 137 | 137 | 138 | 139 | 147 | 169 |
Shares outstanding: 169.22m at Jul 29, 2026, from the cover of the 10-Q filed Aug 5, 2026.
Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:46 ET. Listed shows no prices and gives no investment advice.