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Virax Biolabs Group Limited (VRAX) 10-Year Financial Performance & Capital Metrics

VRAX • • Industrial / General
HealthcareBiotechnologyPlatform & Technology CompaniesDiagnostics & Immune Monitoring
AboutVirax Biolabs Group Limited, a biotechnology company, sells, distributes, and markets diagnostics test kits, and med-tech and PPE products for the prevention, detection, diagnosis, and risk management of viral diseases in the field of immunology. The company provides rapid antibody IgC/IgM tests, antigen tests, polymerase chain reaction rapid tests, and neutralizing antibody tests under the ViraxClear brand name; and med-tech and PPE products, such as employee protection equipment products under the ViraxCare brand name, as well as infrared thermometers, pulse oximeters, masks, gloves, and other PPE products. It also distributes nebulizing machines and smart wearable devices that alert employees to help them follow social distance guidelines. In addition, the company operates an online platform that sells ViraxClear and ViraxCare products. It serves clinics, pharmacies, laboratories, hospitals, and other groups, as well as corporations, employees, individual consumers, hospital systems, and public and private institutions. The company operates in Europe, South America, the Asia Pacific, Sub-Saharan Africa, and internationally. The company was formerly known as Virax Biolabs (Cayman) Limited and changed its name to Virax Biolabs Group Limited in September 2021. Virax Biolabs Group Limited was incorporated in 2021 and is headquartered in London, the United Kingdom.Show more
  • Revenue $6K -96.0%
  • EBITDA -$6M +9.0%
  • Net Income -$6M +10.0%
  • EPS (Diluted) -1.95 +42.0%
  • Gross Margin -838.21% -2691.7%
  • EBITDA Margin -91920.87% -2148.9%
  • Operating Margin -97344.76% -2243.8%
  • Net Margin -95739.17% -2124.0%
  • ROE -114.35% -19.2%
  • ROIC -273.17% +58.7%
  • Debt/Equity 0.07 +58.1%
  • Interest Coverage -105.93 +56.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 6 (bottom 6%)
  • ✗Sales declining 42.4% over 5 years
  • ✗Shares diluted 54.7% in last year
  • ✗Trading more than 30% below 52-week high

* 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-
5Y-42.4%
3Y-
TTM293.05%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-78.54%

EPS CAGR

10Y-
5Y-
3Y-
TTM6.19%

ROCE

10Y Avg-117.16%
5Y Avg-117.16%
3Y Avg-117.16%
Latest-111.36%

Peer Comparison

Diagnostics & Immune Monitoring
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IMDXInsight Molecular Diagnostics Inc.189.76M6.62-1.4225.15%-13.81%-14.81%

Profit & Loss

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales/Revenue+99.88K123.82K08.56K156.42K6.33K
Revenue Growth %-0.24%-1%-17.27%-0.96%
Cost of Goods Sold+54.13K133.25K09.93K105.83K59.4K
COGS % of Revenue0.54%1.08%-1.16%0.68%9.38%
Gross Profit+45.75K-9.43K0-1.36K50.59K-53.07K
Gross Margin %0.46%-0.08%--0.16%0.32%-8.38%
Gross Profit Growth %--1.21%1%-38.06%-2.05%
Operating Expenses+696.99K635.1K1.73M5.73M6.55M6.11M
OpEx % of Revenue6.98%5.13%-669.48%41.86%965.07%
Selling, General & Admin609.99K514.88K1.3M5.33M4.59M4.33M
SG&A % of Revenue6.11%4.16%-623.09%29.37%683.94%
Research & Development87K120.22K433.74K397.11K1.56M1.78M
R&D % of Revenue0.87%0.97%-46.39%9.99%281.12%
Other Operating Expenses2.47K26600390.36K0
Operating Income+-651.24K-644.54K-1.73M-5.73M-6.5M-6.16M
Operating Margin %-6.52%-5.21%--669.64%-41.53%-973.45%
Operating Income Growth %-0.01%-1.69%-2.31%-0.13%0.05%
EBITDA+0-2-1-5.44M-6.39M-5.82M
EBITDA Margin %--0%--635.71%-40.87%-919.21%
EBITDA Growth %--0.5%-999999%-0.17%0.09%
D&A (Non-Cash Add-back)651.24K644.54K1.73M0103.1K343.39K
EBIT-648.77K-644.27K-1.73M-5.44M-6.71M-6.15M
Net Interest Income+-90.69K-28.64K0-15.47K-26.88K-58.18K
Interest Income0015.44K000
Interest Expense90.69K28.64K15.44K15.47K26.88K58.18K
Other Income/Expense-88.22K-28.38K-16.19K275K-242.65K-41K
Pretax Income+-739.46K-672.91K-1.75M-5.46M-6.74M-6.2M
Pretax Margin %-7.4%-5.43%--637.51%-43.08%-979.92%
Income Tax+00000-136.66K
Effective Tax Rate %1.08%0.97%0.98%1%1%0.98%
Net Income+-801.13K-650.98K-1.71M-5.46M-6.73M-6.06M
Net Margin %-8.02%-5.26%--637.48%-43.05%-957.39%
Net Income Growth %-0.19%-1.62%-2.19%-0.23%0.1%
Net Income (Continuing)-739.46K-672.91K-1.75M-5.46M-6.74M-6.07M
Discontinued Operations000000
Minority Interest-159.03K-181.13K-222.13K-222.4K-227.98K-233.97K
EPS (Diluted)+-0.70-0.57-1.50-5.13-3.36-1.95
EPS Growth %-0.19%-1.63%-2.42%0.35%0.42%
EPS (Basic)-0.70-0.57-1.50-5.13-3.36-1.96
Diluted Shares Outstanding1.14M1.14M1.14M1.06M2.01M3.1M
Basic Shares Outstanding1.14M1.14M1.14M1.06M2.01M3.1M
Dividend Payout Ratio------

Balance Sheet

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Current Assets+22.61K39.62K48.71K9.63M4.38M4.89M
Cash & Short-Term Investments22.61K17.62K21.76K9.35M3.59M4.23M
Cash Only22.61K17.62K21.76K9.35M3.59M4.23M
Short-Term Investments000000
Accounts Receivable092800217.84K30.65K
Days Sales Outstanding-2.74--508.331.77K
Inventory021.07K20.95K24.09K60.38K94.67K
Days Inventory Outstanding-57.72-886.02208.26581.78
Other Current Assets000077.32K0
Total Non-Current Assets+054.5K0178.4K1.1M1.53M
Property, Plant & Equipment00001.1M1.53M
Fixed Asset Turnover----0.14x0.00x
Goodwill000000
Intangible Assets000178.4K49.77K39.65K
Long-Term Investments054.5K0000
Other Non-Current Assets000-178.4K-49.77K-39.65K
Total Assets+22.61K94.12K48.71K9.81M5.48M6.43M
Asset Turnover4.42x1.32x-0.00x0.03x0.00x
Asset Growth %-3.16%-0.48%200.46%-0.44%0.17%
Total Current Liabilities+1.24M871.43K1.25M908.4K168.85K673.21K
Accounts Payable212.84K217.15K846.47K159.91K45.63K56.09K
Days Payables Outstanding1.44K594.79-5.88K157.38344.69
Short-Term Debt759.37K00146.25K032.47K
Deferred Revenue (Current)-759.37K0038.25K00
Other Current Liabilities11.47K192K3.76K140.29K63.12K60.48K
Current Ratio0.02x0.05x0.04x10.61x25.94x7.27x
Quick Ratio0.02x0.02x0.02x10.58x25.58x7.13x
Cash Conversion Cycle--534.33--559.212K
Total Non-Current Liabilities+0000176.34K291.54K
Long-Term Debt000000
Capital Lease Obligations0000176.34K291.54K
Deferred Tax Liabilities000000
Other Non-Current Liabilities000000
Total Liabilities1.24M871.43K1.25M908.4K345.19K964.75K
Total Debt+759.37K179.48K3.76K146.25K224.3K377K
Net Debt736.76K161.86K-18K-9.21M-3.36M-3.85M
Debt / Equity---0.02x0.04x0.07x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-7.18x-22.50x-112.30x-370.62x-241.70x-105.93x
Total Equity+-1.22M-777.32K-1.2M8.9M5.14M5.46M
Equity Growth %-0.36%-0.54%8.44%-0.42%0.06%
Book Value per Share-1.07-0.68-1.058.382.561.76
Total Shareholders' Equity-1.06M-596.18K-974.58K9.13M5.37M5.7M
Common Stock1042659991.56K2.57K4.34K
Retained Earnings-3.98M-4.63M-6.34M-11.79M-18.53M-24.59M
Treasury Stock000000
Accumulated OCI2.92M4.03M5.36M20.92M23.89M30.28M
Minority Interest-159.03K-181.13K-222.13K-222.4K-227.98K-233.97K

Cash Flow

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operations+-744.61K-590.19K-809.07K-4.18M-6.25M-4.56M
Operating CF Margin %-7.46%-4.77%--488.23%-39.94%-720.83%
Operating CF Growth %-0.21%-0.37%-4.17%-0.49%0.27%
Net Income-739.46K-650.98K-1.71M-5.46M-6.74M-6.07M
Depreciation & Amortization0000103.1K343.39K
Stock-Based Compensation00290.36K1.73M1.01M365.31K
Deferred Taxes000000
Other Non-Cash Items91.67K1.19K-32.07K-260.6K497.06K169.34K
Working Capital Changes-96.82K59.61K644.39K-216.28K-1.12M625.62K
Change in Receivables0-9289280-217.84K219.66K
Change in Inventory0-21.07K12120.95K-60.38K-34.29K
Change in Payables-96.82K81.61K641.16K33.94K-572.25K466.85K
Cash from Investing+000-178.4K-1.16M-603.89K
Capital Expenditures000-178.4K-952.5K-603.89K
CapEx % of Revenue---20.84%6.09%95.39%
Acquisitions------
Investments------
Other Investing000-178.4K-211.95K0
Cash from Financing+704.64K585.2K813.21K13.69M1.65M5.81M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing704.64K585.2K193.59K-111.64K1.85M786.74K
Net Change in Cash------
Free Cash Flow+-744.61K-590.19K-809.07K-4.36M-7.41M-5.17M
FCF Margin %-7.46%-4.77%--509.07%-47.38%-816.22%
FCF Growth %-0.21%-0.37%-4.39%-0.7%0.3%
FCF per Share-0.65-0.52-0.71-4.10-3.69-1.67
FCF Conversion (FCF/Net Income)0.93x0.91x0.47x0.77x0.93x0.75x
Interest Paid0000078.95K
Taxes Paid000000

Key Ratios

Metric202020212022202320242025
Return on Equity (ROE)----141.62%-95.9%-114.35%
Return on Invested Capital (ROIC)-----662.2%-273.17%
Gross Margin45.81%-7.62%--15.94%32.34%-838.21%
Net Margin-802.13%-525.75%--63748.32%-4304.81%-95739.17%
Debt / Equity---0.02x0.04x0.07x
Interest Coverage-7.18x-22.50x-112.30x-370.62x-241.70x-105.93x
FCF Conversion0.93x0.91x0.47x0.77x0.93x0.75x
Revenue Growth-23.97%-100%-1727.11%-95.95%

Frequently Asked Questions

Growth & Financials

Virax Biolabs Group Limited (VRAX) reported $0.2M in revenue for fiscal year 2025. This represents a 63% increase from $0.1M in 2020.

Virax Biolabs Group Limited (VRAX) saw revenue decline by 96.0% over the past year.

Virax Biolabs Group Limited (VRAX) reported a net loss of $12.8M for fiscal year 2025.

Dividend & Returns

Virax Biolabs Group Limited (VRAX) has a return on equity (ROE) of -114.4%. Negative ROE indicates the company is unprofitable.

Virax Biolabs Group Limited (VRAX) had negative free cash flow of $12.6M in fiscal year 2025, likely due to heavy capital investments.

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