Mar 31
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BioNTech SE Q1 2025 Earnings Report

BioNTech reported a net loss and decreased revenue compared to Q1 2024, as expected due to seasonal demand for COVID-19 vaccines.

Key Takeaways

BioNTech's Q1 2025 results showed a net loss of €415.8 million on revenues of €182.8 million, primarily driven by reduced COVID-19 vaccine demand. The company continued advancing its oncology pipeline and maintained a strong cash position.

Revenue declined slightly to €182.8 million, mainly from COVID-19 vaccine collaboration.

Reported a net loss of €415.8 million and an EPS of -€1.73.

Strong financial position with €15.85 billion in cash and investments.

Focus remains on oncology programs, especially BNT327 combinations.

Total Revenue
€183M
Previous year: €188M
-2.9%
EPS
-€1.82
Previous year: -€1.31
+38.7%
R&D Expenses
525.6M
Previous year: 507.5M
+3.6%
SG&A Expenses
120.6M
Previous year: 132.6M
-9.0%
Cash & Securities
15.85B
Cash and Equivalents
€15.9B
Previous year: €8.97B
+76.8%
Total Assets
€21.2B
Previous year: €22.2B
-4.7%

BioNTech SE

BioNTech SE

BioNTech SE Revenue by Segment

Forward Guidance

BioNTech expects total 2025 revenues between €1.7 billion and €2.2 billion, with revenue weighted toward year-end.

Positive Outlook

  • Full-year revenue guidance reaffirmed.
  • Strong financial position enables continued investment in oncology.
  • Anticipated pandemic preparedness revenue from German government.
  • Reimbursement of $535 million expected in 2025–2026 for settlements.
  • Continued scaling for late-stage oncology commercial readiness.

Challenges Ahead

  • No expectation of positive net income for FY2025.
  • Vaccine demand concentrated in later months creates revenue timing risk.
  • Potential inventory write-downs by partner Pfizer may impact revenue.
  • Dependent on stable vaccination rates and public health policy.
  • External legal risks and one-time effects excluded from guidance.