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Roivant Sciences: Rotting at the dock (four or more warning signs)Rotting at the dock

Roivant Sciences $ROIV

Saw revenue fall 71.6% in FY2026 to $8 million, operating margin -6236% against a -3.8% median for pharmaceutical preparations, equity 79.3% of assets.

Last filing8-K · Item 7.01 Regulation FD Disclosure, 21 Oct 2026

Health watchNo warning filings in 12 months
Next year, 80%$1M–$13M
Growth, on the year−71.6%
Operating margin−6235.7%
Equity of assets79.3%
Credibility57%
Track record1 of 2
Edgarette’s full reading · exposure, experience, soundness, credibility, range

🫧 Edgar looked up ROIVANT SCIENCES LTD. ($ROIV). Last filing: 8-K (7.01 Regulation FD Disclosure), 2026-10-21. 13 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $8.3M (FY2026). Experience: revenue down 71.6% on the year, down 37.8% a year over 4 years; operating margin -6235.7%, down from -3453.3%. Soundness: equity 79.3% of assets, return on equity -8.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.1M and $12.6M next year (method v4.1: its own 5-year record of growth weighed at 57% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $961K to $15.0M. A statistical range, not company guidance. Against peers (114 filers, $50M+ revenue, pharmaceutical preparations): operating margin -6235.7% against a -3.8% median; growth -71.6% against 13.7%.

Read from its own SEC filings · nothing written, nothing inferred

ROIVANT SCIENCES LTD. against its own record and its peers
Operating marginPeer median -3.8%-6235.7%Revenue, on the yearPeer median 13.7%-71.6%Equity of assetsPeer median 40.3%79.3%Return on equityPeer median -1.1%-8.8%Gold tick: the median of 100–118 peers with $50M+ revenue in pharmaceutical preparations

Speed and cash · fiscal 2025

Cash Compass🍂 Fading · slow and jumpy, lagging its peers
Inside viewTurns -200.0% of revenue into operating cash; revenue shrinking 36.0% a year over three years; no common dividend.
Outside viewAmong under $50M companies: 9th percentile for cash, 10th for growth. cash growth

Both views must agree for a label · a description, not advice.

Cash flow (op · inv · fin · free)−$750M · −$682M · $134M · −$759M
Investment book (cash · short · long)$1.4B · $2.1B · $727M · current ratio 18.37 · unrealized −$4M
Revenue swing · equity of assets77.5% · 81.7%

Roivant Sciences is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.

The figures, as filed

Fiscal year end2026-03-31
Revenue$8M
Revenue, on the year−71.6%
Revenue, a year over the record−37.8%
Operating margin−6235.7%
Operating margin, prior year−3453.3%
Net margin−4817.3%
Research and development$682M · 8254.4% of revenue
Total debt—
Equity of assets79.3%
Return on equity−8.8%
Payout of profit—
Dividend per share—
Earnings per share$-0.54
Book value per share$6.52
Revenue per share$0.01
Shares outstanding693,864,530
Audited years read5

Peers: the median of 114 filers with $50M+ revenue in pharmaceutical preparations.

Classic signals · fiscal 2026Altman Z″ 16.14 safe zone 1968Piotroski F 2 of 9 weak 2000Beneish M not enough filed detail (needs receivables, cost of revenue, PP&E, depreciation, SG&A for two years)Sloan accruals 6.3% modest accruals 1996DuPont ROE -8.6% = margin -4817.3% × turns 0 × leverage 1.21

What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →

Health HarborRoivant Sciences sails as: Rotting at the dock

Health watch · 12 monthsquiet · none of the watched events filed

Tied up at the dock.

🌊 Visit the Bay →
  • slow and jumpy: growing slower than its size class, with revenue that swings more
  • operating cash flow was negative
  • operating loss: a margin of -6235.7% in FY2026
  • revenue is hard to predict: its 80% range is ±84%

Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.

Recent filings

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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