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Roivant Sciences Ltd.
NASDAQ: ROIV Healthcare Pharma 🔎 Screen
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$25.2B
Market Cap
2.0
P/E
PEG
-102.7%
ROCE
-7.6%
ROE
0.02
D/E
-6,235.7%
OPM
-2.8%
% from 52W High
94
α RS
🔍 ROIV is showing a high-conviction setup because it matches 8 of 37 tracked screener presets, RS Rating is 94 (top decile vs market), and it's within 2.8% of its 52-week high. Net: Broad signal stack, not a recommendation. ? Conviction RS Rating 52W High
Sources
Conviction 8/37 · RS Rating 94 · 2.8% from 52W high
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Currency-adjusted total returns for ROIV including FX impact
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📈 Price History
Ratio Health
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About

Roivant Sciences Ltd., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of medicines and technologies.

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📈 Growth Pattern
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⭐ Superinvestors Holding ROIV
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Manager Shares Value % of Fund Period
Andreas Halvorsen Viking Global Investors 6.65M $184.3M 0.52% Mar 2026
Steve Cohen Point72 Asset Management 890.9K $24.7M 0.03% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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In-line quarter Investor Presentation One-Pager? Q1 2027
Cash & marketable securities
$3.9B as of Jun 30, 2026
n/a (excludes $772M from Moderna received in July)
R&D expense
~$200M in the quarter
n/a (no YoY comparison provided)
GAAP G&A expense
$166M in the quarter
n/a (non-GAAP adjusted G&A was just under $100M)
Share repurchases
$208.7M for 7.3M shares
n/a (average price high-$20s)
What Went Right
  • Brepocitinib Phase 3 CS study enrolled first patients ahead of schedule; Phase 2 showed 77% CSAMI≥50% response vs 0% placebo.
  • Received $950M Moderna settlement in July; ~$772M to Genevant and remainder to Arbutus, with potential additional $1.3B on §1498 appeal.
  • Repurchased 7.3M shares for $208.7M in the quarter; buyback average price high-$20s vs ~$10 in first round.
What to Watch
  • Mosliciguat PH-ILD readout is binary: 6MWD is not powered and PVR benefit translation from PAH to PH-ILD remains untested.
  • NIU Phase 3 faces placebo-response variability and possible geographic variation; management flagged this as an inherent immunology trial risk.
  • D2T RA randomized-withdrawal period must clear a higher bar after strong open-label responses; pivotal design awaits FDA feedback this fall.
Management Guidance
  • No revenue/margin guidance provided; cash runway into profitability reiterated.
  • Brepocitinib DM launch on track for end of September 2026.
  • Topline data expected 2H 2026: NIU Phase 3, PH-ILD Phase 2, and CLE proof-of-concept.
  • CS Phase 3 topline data expected 2028; D2T RA update and FDA discussion expected 2H 2026.
Investor Lens
The thesis is unchanged-to-modestly stronger after a quiet quarter. Cash of $3.9B at June 30 plus the $950M Moderna payment received in July funds the pipeline into profitability and supports buybacks. The real test is the 2H catalyst stack — DM launch, NIU/PH-ILD/CLE readouts and the D2T RA FDA update — with PH-ILD and NIU still binary science risks. Execution ahead of schedule on CS Phase 3 and strong LPP enrollment momentum are encouraging.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Quiet but steady: $3.9B cash, DM launch on track.
Revenue
No revenue was reported for the quarter; Roivant has no approved product revenue yet. Top-line brepocitinib revenue is expected to begin after a potential DM approval by end of September 2026.
Profitability
No net income or EPS was disclosed. The quarter showed R&D expense of ~$200M and GAAP G&A of $166M, with non-GAAP adjusted G&A just under $100M.
Margins
No margin metrics were provided. Operating detail was limited to R&D and G&A spend; there is no gross margin available pre-commercial launch.
Balance Sheet
Cash and marketable securities were $3.9B at June 30, 2026, excluding the $950M Moderna settlement payment received in July (~$772M to Genevant). Roivant repurchased 7.3M shares for $208.7M in the quarter.
Key Risks
Analysts flagged placebo variability in NIU and the uncertain PAH-to-PH-ILD translation for mosliciguat; management acknowledged 6MWD is not powered. D2T RA randomized withdrawal has a higher bar to clear and the FDA conversation is set for autumn. JAK class boxed warnings remain a potential adoption headwind, though management sees them as less relevant in severe DM.
Outlook
No numeric financial guidance was given; management reiterated DM launch by end of September 2026 and multiple 2H 2026 readouts (NIU, PH-ILD, CLE), with CS Phase 3 data in 2028. D2T RA program details and FDA feedback are also expected in 2H 2026.
Generated by AI · Q1 2027 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q1 2027 Q1 2027 2026-08-06
Pipeline progress continues with imminent brepocitinib DM launch, strong cash position, and $950M Moderna settlement received. Multiple pivotal studies and data readouts are expected in the next 6-12 months, with a focus on steady commercial execution and ongoing litigation.
Q4 2026 Q4 2026 2026-05-20
Strong clinical progress with high response rates in refractory RA, rapid enrollment across programs, and robust cash position. Key launches and pivotal data readouts expected in the next 12 months, with significant commercial and regulatory milestones ahead.
Q3 2026 Q3 2026 2026-02-06
Positive phase II results for brepocitinib in cutaneous sarcoidosis demonstrated strong efficacy and safety, supporting further pivotal trials. The company maintains a robust cash position of $4.5 billion, with multiple late-stage readouts and potential commercial launches expected in 2026.
Q2 2026 Q2 2026 2025-11-10
Major clinical milestones were achieved, including positive phase III data for Brepocitinib in DM and durable remission for Batoclimab in Graves' disease. The company maintains a strong cash position, is advancing multiple registrational trials, and anticipates several key data readouts and launches over the next 36 months.
Q1 2026 Q1 2026 2025-08-11
Advanced pivotal programs in DM and autoimmune diseases, completed a $1.5B share buyback, and maintained a strong $4.5B cash position. Key data readouts and regulatory filings are expected soon, with robust enrollment and ongoing business development in a competitive market.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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Information Sources:
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