Viatris (VTRS) 10-K Summary — Year Ended Dec 31, 2025
Viatris reported a net loss and operating loss for the year, while its operating cash flow remained positive. The company's revenue continued a multi-year decline.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Viatris reported a net loss and operating loss for the year, while its operating cash flow remained positive. The company's revenue continued a multi-year decline.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$14.3B
Revenue reported for the fiscal year.
Operating income
-$2.7B
Income from operations reported for the year.
Net income
-$3.5B
Net income reported for the year.
Operating cash flow
$2.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $16.2B | -9.0% |
| Dec 31, 2023 | $15.4B | -5.1% |
| Dec 31, 2024 | $14.7B | -4.5% |
| Dec 31, 2025 | $14.3B | -3.0% |
Business overview
The filing does not provide a description of the company's business operations.
Financial performance
Revenue decreased each year over the reported multi-year period, resulting in an operating loss and net loss for the most recent year. Operating cash flow was positive and slightly improved compared to the prior year.
Material risks
The company's ability to meet working capital, debt service, and other obligations depends on future operating performance, which is subject to economic conditions and other factors beyond its control.
Liquidity and capital
Cash from operations is the primary source of liquidity. Management believes that operating cash flow and available liquidity will support working capital, capital expenditures, debt payments, dividends, and share repurchases.
What to watch
Monitor the revenue trend in the next filing to see if the decline persists.