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Barinthus Biotherapeutics plc (BRNS) 10-Year Financial Performance & Capital Metrics

BRNS • • Industrial / General
HealthcareBiotechnologyInfectious DiseasesHepatitis & Viral Infections
AboutBarinthus Biotherapeutics plc, a clinical-stage biopharmaceutical company, engages in developing novel T cell immunotherapeutics to guide the immune system to overcome chronic infectious diseases, autoimmunity, and cancer. It is advancing a pipeline of product candidates across a range of therapeutic areas, including VTP-300, an immunotherapeutic candidate designed as a potential component of a functional cure for chronic HBV infection; VTP-200, a non-surgical product candidate for persistent high-risk human papillomavirus (HPV); VTP-1000, an autoimmune candidate designed to utilize the SNAP-TI platform to treat patients with celiac disease; VTP-850, a second-generation immunotherapeutic candidate designed to treat recurrent prostate cancer; and VTP-1100, a preclinical cancer candidate designed to utilize the SNAP-CI platform to treat patients with HPV-related cancer. The company was formerly known as Vaccitech plc and changed its name to Barinthus Biotherapeutics plc in November 2023. Barinthus Biotherapeutics plc was founded in 2016 and is headquartered in Harwell, the United Kingdom.Show more
  • Revenue $15M +1766.5%
  • EBITDA -$62M +20.8%
  • Net Income -$61M +16.7%
  • EPS (Diluted) -1.55 +18.8%
  • Gross Margin 100%
  • EBITDA Margin -415.32% +95.8%
  • Operating Margin -454.07% +95.7%
  • Net Margin -408% +95.5%
  • ROE -38.52% -13.0%
  • ROIC -114.09% -4.7%
  • Debt/Equity 0.09 +33.0%
  • Interest Coverage -1282.45 +57.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y sales CAGR of 16.9%
  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 16 (bottom 16%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y16.94%
3Y282.25%
TTM-100%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-31.22%

EPS CAGR

10Y-
5Y-
3Y-
TTM-26.17%

ROCE

10Y Avg-61.74%
5Y Avg-35.47%
3Y Avg-25.75%
Latest-39.22%

Peer Comparison

Hepatitis & Viral Infections
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ADMAADMA Biologics, Inc.4.35B18.2822.5765.15%42.87%48.57%2.53%0.24
CVACCureVac N.V.1.05B4.666.478.96%37.93%33.02%7.95%0.06
DWTXDogwood Therapeutics, Inc.86.21M2.90-0.23-49.37%0.24
INOInovio Pharmaceuticals, Inc.112.67M1.64-0.42-73.83%-592.82%-115.42%0.17
ALGSAligos Therapeutics, Inc.48.45M9.05-0.43-74.6%-32.68%-120.37%
BRNSBarinthus Biotherapeutics plc30.83M0.76-0.4917.66%-408%-89.73%0.09
COCPCocrystal Pharma, Inc.15.99M1.16-0.67-126.11%0.19
KLRSKalaris Therapeutics Inc172.81M9.24-0.79-170.84%

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+6.85M4.82M268K44.7M802K14.97M
Revenue Growth %--0.3%-0.94%165.8%-0.98%17.66%
Cost of Goods Sold+29.84M14.39M0000
COGS % of Revenue4.36%2.98%----
Gross Profit+-23M-9.57M268K44.7M802K14.97M
Gross Margin %-3.36%-1.98%1%1%1%1%
Gross Profit Growth %-0.58%1.03%165.8%-0.98%17.66%
Operating Expenses+2.67M10.48M45.49M48.74M84.72M82.94M
OpEx % of Revenue0.39%2.17%169.74%1.09%105.63%5.54%
Selling, General & Admin2.67M10.48M25.12M6.39M39.84M29.67M
SG&A % of Revenue0.39%2.17%93.72%0.14%49.68%1.98%
Research & Development29.84M14.39M16.37M41.11M41.41M38.25M
R&D % of Revenue4.36%2.98%61.08%0.92%51.64%2.56%
Other Operating Expenses-29.84M-14.39M4M1.24M3.46M15.02M
Operating Income+-25.66M-20.05M-45.22M-4.04M-83.91M-67.97M
Operating Margin %-3.75%-4.16%-168.74%-0.09%-104.63%-4.54%
Operating Income Growth %-0.22%-1.26%0.91%-19.77%0.19%
EBITDA+-25.5M-19.84M-44.62M282K-78.48M-62.17M
EBITDA Margin %-3.72%-4.11%-166.49%0.01%-97.86%-4.15%
EBITDA Growth %-0.22%-1.25%1.01%-279.32%0.21%
D&A (Non-Cash Add-back)167.62K208K602K4.32M5.43M5.8M
EBIT-22.69M-16.77M-48.47M869K-76.49M-61.17M
Net Interest Income+-92.93K-3.6M-2.67M3.08M2.85M2.63M
Interest Income40.37K02K3.1M2.88M2.68M
Interest Expense133.3K3.6M2.67M19K28K53K
Other Income/Expense2.97M2.21M-5.92M4.89M7.39M6.74M
Pretax Income+-22.7M-17.84M-51.14M850K-76.52M-61.23M
Pretax Margin %-3.32%-3.7%-190.82%0.02%-95.41%-4.09%
Income Tax+095K-28K-4.47M-3.08M-44K
Effective Tax Rate %0.91%0.99%0.99%6.28%0.96%1%
Net Income+-20.73M-17.71M-50.87M5.34M-73.35M-61.07M
Net Margin %-3.03%-3.67%-189.79%0.12%-91.46%-4.08%
Net Income Growth %-0.15%-1.87%1.11%-14.73%0.17%
Net Income (Continuing)-22.7M-17.93M-51.11M5.32M-73.45M-61.18M
Discontinued Operations000000
Minority Interest367.19K391K437K305K211K106K
EPS (Diluted)+-436.87-2.24-1.370.14-1.91-1.55
EPS Growth %-0.99%0.39%1.1%-14.64%0.19%
EPS (Basic)-436.87-2.24-1.370.14-1.91-1.55
Diluted Shares Outstanding7.82M7.9M37.19M38.17M38.39M39.35M
Basic Shares Outstanding7.82M7.9M37.19M37.25M38.39M39.35M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+16.25M47.9M226.76M213.04M156.91M125.74M
Cash & Short-Term Investments11.43M43.27M214.05M194.38M142.09M110.66M
Cash Only11.43M43.27M214.05M194.38M142.09M110.66M
Short-Term Investments000000
Accounts Receivable3.91M518K11.72M18.05M7.94M13M
Days Sales Outstanding208.3839.2215.96K147.343.61K316.94
Inventory000000
Days Inventory Outstanding------
Other Current Assets03.04M-3.62M-5.28M1.47M2.08M
Total Non-Current Assets+2.79M2.77M53.95M57.16M57.6M34.59M
Property, Plant & Equipment2.79M2.77M9.09M15.71M19.4M11.76M
Fixed Asset Turnover2.45x1.74x0.03x2.85x0.04x1.27x
Goodwill0012.63M12.21M12.21M0
Intangible Assets0031.43M28.27M25.11M21.95M
Long-Term Investments000000
Other Non-Current Assets00804K976K882K881K
Total Assets+19.04M50.67M280.71M270.2M214.51M160.33M
Asset Turnover0.36x0.10x0.00x0.17x0.00x0.09x
Asset Growth %-1.66%4.54%-0.04%-0.21%-0.25%
Total Current Liabilities+5.75M7.64M11.16M12.24M12.6M15.66M
Accounts Payable3.89M4.67M2.42M3.75M1.6M2.47M
Days Payables Outstanding47.56118.4----
Short-Term Debt00159K000
Deferred Revenue (Current)269.91K0182K001000K
Other Current Liabilities373.89K245K1.42M1.93M6.01M1.77M
Current Ratio2.83x6.27x20.32x17.40x12.45x8.03x
Quick Ratio2.83x6.27x20.32x17.40x12.45x8.03x
Cash Conversion Cycle------
Total Non-Current Liabilities+35.37M46.17M17M14.76M14.91M14.54M
Long-Term Debt044.7M0000
Capital Lease Obligations1.61M1.47M6.54M8.34M11.19M10.09M
Deferred Tax Liabilities008.08M3.75M574K438K
Other Non-Current Liabilities33.76M02.37M2.68M3.15M4.01M
Total Liabilities41.12M53.81M28.15M27M27.51M30.19M
Total Debt+1.78M46.36M7.22M8.77M12.98M12.01M
Net Debt-9.65M3.1M-206.83M-185.61M-129.11M-98.66M
Debt / Equity--0.03x0.04x0.07x0.09x
Debt / EBITDA---31.11x--
Net Debt / EBITDA----658.20x--
Interest Coverage-192.53x-5.57x-16.95x-212.68x-2996.93x-1282.45x
Total Equity+-22.08M-3.15M252.56M243.2M187M130.13M
Equity Growth %-0.86%81.25%-0.04%-0.23%-0.3%
Book Value per Share-2.82-0.406.796.374.873.31
Total Shareholders' Equity-22.45M-3.54M252.13M242.9M186.78M130.03M
Common Stock33001K1K1K1K
Retained Earnings-37.89M-57.72M-108.58M-103.24M-176.59M-237.66M
Treasury Stock000000
Accumulated OCI-467.36K-1.24M-8.49M-33.46M-23.32M-25.87M
Minority Interest367.19K391K437K305K211K106K

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-18.76M-11.03M-32.58M-14.43M-50.92M-28.94M
Operating CF Margin %-2.74%-2.29%-121.58%-0.32%-63.5%-1.93%
Operating CF Growth %-0.41%-1.95%0.56%-2.53%0.43%
Net Income-20.82M-17.93M-51.11M5.32M-73.45M-61.18M
Depreciation & Amortization346.86K208K602K4.32M5.43M5.8M
Stock-Based Compensation03.63M16.49M9.88M5.05M4.71M
Deferred Taxes00-119K-4.34M-3.08M-44K
Other Non-Cash Items-1.23M1.15M8.74M-24.09M8.94M19.18M
Working Capital Changes2.94M1.92M-7.18M-5.52M6.17M2.6M
Change in Receivables-963.16K774K-3.05M-4.67M5.67M-2.35M
Change in Inventory000000
Change in Payables2.98M586K-3.53M1.14M-3.38M898K
Cash from Investing+1.93M-293K-12.91M-5.75M-5.41M-892K
Capital Expenditures-128.35K-293K-1.15M-6.14M-5.41M-892K
CapEx % of Revenue0.02%0.06%4.28%0.14%6.75%0.06%
Acquisitions------
Investments------
Other Investing000388K00
Cash from Financing+141.44M222.74M325K1.87M2.16M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing0194K-5.27M0-163K0
Net Change in Cash------
Free Cash Flow+-18.89M-11.32M-33.73M-20.57M-56.34M-29.83M
FCF Margin %-2.76%-2.35%-125.85%-0.46%-70.25%-1.99%
FCF Growth %-0.4%-1.98%0.39%-1.74%0.47%
FCF per Share-2.42-1.43-0.91-0.54-1.47-0.76
FCF Conversion (FCF/Net Income)0.90x0.62x0.64x-2.70x0.69x0.47x
Interest Paid02K1.84M000
Taxes Paid00152K000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---40.79%2.16%-34.1%-38.52%
Return on Invested Capital (ROIC)---148.49%-5.87%-109.01%-114.09%
Gross Margin-335.97%-198.42%100%100%100%100%
Net Margin-302.84%-367.27%-18979.48%11.95%-9145.51%-408%
Debt / Equity--0.03x0.04x0.07x0.09x
Interest Coverage-192.53x-5.57x-16.95x-212.68x-2996.93x-1282.45x
FCF Conversion0.90x0.62x0.64x-2.70x0.69x0.47x
Revenue Growth--29.57%-94.44%16580.22%-98.21%1766.46%

Revenue by Segment

20232024
License802K14.97M
License Growth-1766.46%

Frequently Asked Questions

Growth & Financials

Barinthus Biotherapeutics plc (BRNS) reported $15.0M in revenue for fiscal year 2024. This represents a 119% increase from $6.8M in 2019.

Barinthus Biotherapeutics plc (BRNS) grew revenue by 1766.5% over the past year. This is strong growth.

Barinthus Biotherapeutics plc (BRNS) reported a net loss of $75.9M for fiscal year 2024.

Dividend & Returns

Barinthus Biotherapeutics plc (BRNS) has a return on equity (ROE) of -38.5%. Negative ROE indicates the company is unprofitable.

Barinthus Biotherapeutics plc (BRNS) had negative free cash flow of $31.0M in fiscal year 2024, likely due to heavy capital investments.

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