This page shows Virpax Pharmaceuticals Inc (VRPX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
We are recalculating Virpax Pharmaceuticals Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Key Financial Metrics
Earnings & Revenue
Virpax Pharmaceuticals Inc earned $-2.84 per diluted share (EPS) in fiscal year 2024. This represents an increase of 78.1% from the prior year.
Cash & Balance Sheet
Virpax Pharmaceuticals Inc held $1.5M in cash against $0 in long-term debt as of fiscal year 2024.
Virpax Pharmaceuticals Inc had 15M shares outstanding in fiscal year 2024. This represents an increase of 27.1% from the prior year.
Margins & Returns
Capital Allocation
Virpax Pharmaceuticals Inc invested $5.8M in research and development in fiscal year 2024. This represents an increase of 13.7% from the prior year.
VRPX Income Statement
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | $1.1M-41.5% | $2.0M+21.2% | $1.6M | N/A | $1.5M+15.9% | $1.3M+4.5% | $1.2M |
| SG&A Expenses | N/A | $781K-48.0% | $1.5M-11.1% | $1.7M | N/A | $4.6M+137.1% | $1.9M+369.1% | $415K |
| Operating Income | N/A | N/A | -$3.5M-4.7% | -$3.3M | N/A | -$6.1M-88.8% | -$3.2M-96.2% | -$1.7M |
| Interest Expense | N/A | $93K+743.0% | $11K | N/A | N/A | $0 | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | -$3.5M-7.1% | -$3.2M | N/A | -$6.0M-92.6% | -$3.1M-104.7% | -$1.5M |
| EPS (Diluted) | N/A | $-0.43+75.4% | $-1.75 | $-2.75 | N/A | $-5.12-92.5% | $-2.66-104.6% | $-1.30 |
VRPX Balance Sheet
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6M+411.4% | $304K-88.3% | $2.6M-17.2% | $3.1M-67.5% | $9.6M-26.2% | $13.0M-18.3% | $16.0M-13.7% | $18.5M |
| Current Assets | $1.6M+411.4% | $304K-88.3% | $2.6M-17.2% | $3.1M-67.5% | $9.6M-26.2% | $13.0M-18.3% | $16.0M-13.7% | $18.5M |
| Cash & Equivalents | $1.5M+8682.0% | $17K-99.1% | $1.9M+0.2% | $1.9M-79.6% | $9.1M-24.8% | $12.2M-17.9% | $14.8M-12.9% | $17.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.5M+4.8% | $2.4M-56.3% | $5.4M+24.0% | $4.3M-43.5% | $7.7M+17.8% | $6.5M+79.1% | $3.6M+10.7% | $3.3M |
| Current Liabilities | $2.5M+4.8% | $2.4M-56.3% | $5.4M+24.0% | $4.3M-43.5% | $7.7M+17.8% | $6.5M+79.1% | $3.6M+10.7% | $3.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$914K+55.5% | -$2.1M+26.6% | -$2.8M-130.3% | -$1.2M-162.7% | $1.9M-70.3% | $6.5M-47.1% | $12.3M-19.0% | $15.2M |
| Retained Earnings | -$71.6M-5.0% | -$68.2M-3.0% | -$66.2M-5.5% | -$62.8M-5.4% | -$59.5M-8.3% | -$55.0M-12.2% | -$49.0M-6.8% | -$45.9M |
VRPX Cash Flow Statement
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.9M | N/A | -$1.6M+78.7% | -$7.7M-156.7% | -$3.0M-13.6% | -$2.7M-21.4% | -$2.2M-8.7% | -$2.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $4.4M | N/A | $1.6M+263.1% | $454K | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VRPX Financial Ratios
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | -92.1%-66.8pp | -25.3%-15.3pp | -10.0% |
| Return on Assets | N/A | N/A | -133.2%-30.3pp | -102.9% | N/A | -46.0%-26.5pp | -19.5%-11.3pp | -8.2% |
| Current Ratio | 0.63+0.5 | 0.13-0.4 | 0.48-0.2 | 0.72-0.5 | 1.25-0.7 | 2.00-2.4 | 4.37-1.2 | 5.61 |
| Debt-to-Equity | -2.70-1.6 | -1.15+0.8 | -1.93+1.7 | -3.58-7.6 | 3.98+3.0 | 1.00+0.7 | 0.30+0.1 | 0.22 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$914K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.63), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What are Virpax Pharmaceuticals Inc's total assets?
Virpax Pharmaceuticals Inc (VRPX) had $1.6M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Virpax Pharmaceuticals Inc spend on research and development?
Virpax Pharmaceuticals Inc (VRPX) invested $5.8M in research and development during fiscal year 2024.
What is Virpax Pharmaceuticals Inc's current ratio?
Virpax Pharmaceuticals Inc (VRPX) had a current ratio of 0.63 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Virpax Pharmaceuticals Inc's debt-to-equity ratio?
Virpax Pharmaceuticals Inc (VRPX) had a debt-to-equity ratio of -2.70 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
Why is Virpax Pharmaceuticals Inc's debt-to-equity ratio negative or unusual?
Virpax Pharmaceuticals Inc (VRPX) has negative shareholder equity of -$914K as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.