BIOVIE INC.(BIVI)Stock Analysis
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Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $0.0M in revenue.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
BIVI Stock Analysis & AI Quality Score
AI stock analysis and institutional research for BIOVIE INC. (BIVI), a Healthcare sector company. BIVI is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $0.0m in revenue. Based on the latest XBRL financial filings (Q3 2026), BIOVIE INC. reports net income of $-5.3M, free cash flow of $-7.4M. Top institutional holders of BIVI by reported 13-F value include Diametric Capital,, Diametric Capital,, ARMISTICE CAPITAL,, based on the most recent SEC filings. BIVI trades on the Nasdaq exchange and files with the SEC under CIK 1580149. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BIVI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BIOVIE INC. directly from SEC EDGAR.
Net Income
Q3 2026
$-5.3M
Free Cash Flow
Q3 2026
$-7.4M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+36.1% YoYOperating Income
+28.6% YoYEPS (Diluted)
-372.2% YoYTotal Assets
-28.2% YoYTotal Debt
Op. Cash Flow
+30.6% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2020 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Net Income | $-32.1M +36.1% | $-50.3M -92.7% | $-26.1M -56.4% | $-16.7M -585.1% | $-2.4M -82.9% | $-1.3M |
| Operating Income | $-32.2M +28.6% | $-45.1M -65.4% | $-27.3M -912.0% | $-2.7M -13.5% | $-2.4M -52.7% | $-1.6M |
| EPS (Diluted) | $-5.62 -372.2% | $-1.19 -47.1% | $-0.81 +84.5% | $-5.23 | — | — |
| Total Assets | $25.2M -28.2% | $35.1M +74.5% | $20.1M +865.2% | $2.1M -4.2% | $2.2M -8.0% | $2.4M |
| Total Debt | — | — | — | $62.5K | — | — |
| Operating Cash Flow | $-27.9M +30.6% | $-40.3M -112.0% | $-19.0M -1066.4% | $-1.6M -162.1% | $-621.3K +0.4% | $-623.6K |
AI Insight: BIVI Financial Trends
BioVie burns cash every quarter with no reported revenue — operating losses persist and equity has eroded from $25M to $16M since Q3 2025.
• Operating income has been negative every quarter, widening from -$3M in Q1 2025 to -$6M in Q4 2025.
• Operating cash flow deteriorated sharply to -$7M in Q1 2026, the worst level in the observed period.
• Equity declined from $25M in Q3 2025 to $16M in Q1 2026, a $9M contraction in two quarters.
⚠ No revenue reported across all eight quarters — any first revenue recognition would be a critical inflection point.
⚠ Equity at $16M and accelerating cash burn of -$7M in Q1 2026 raises near-term funding risk.
AI Insight: BIVI Ratio Trends
BIVI's profitability metrics remain deeply negative with extreme quarter-to-quarter swings, signaling an unpredictable, pre-commercial-stage financial profile.
• ROE swung from -118.1% in Q3 2024 to 79.3% in Q1 2025, then collapsed to -81.7% in Q3 2025 — no sustained recovery visible.
• ROIC deteriorated from -54.8% in Q1 2025 to -84.8% in Q3 2025, suggesting worsening capital efficiency over that stretch.
• Q1 2026 ROE of 20.5% and ROA of 18.2% represent the strongest readings in the dataset, though TTM ROE of -128.3% signals these are likely one-off.
⚠ TTM ROE of -128.3% versus Q1 2026's 20.5% — a sharp divergence suggesting a one-time gain rather than structural improvement.
⚠ OpMargin and NPM are absent across all periods; inability to measure core earnings quality is a material analytical gap.
⚠ D/E data is entirely missing — leverage profile is unobservable, leaving balance sheet risk unquantifiable.
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Available Research
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Top Institutional Holders of BIVI
Diametric Capital, LP
$518.0K370,000 shDiametric Capital, LP
$232.5K750,000 shARMISTICE CAPITAL, LLC
$155.0K500,000 shWarberg Asset Management LLC
$141.6K456,629 shPRELUDE CAPITAL MANAGEMENT, LLC
$128.9K92,063 shGEODE CAPITAL MANAGEMENT, LLC
$117.9K84,203 shVANGUARD CAPITAL MANAGEMENT LLC
$117.7K84,067 shMORGAN STANLEY
$105.3K75,221 shRENAISSANCE TECHNOLOGIES LLC
$95.1K67,918 shCITADEL ADVISORS LLC
$63.4K45,292 sh
| Fund | Value | Shares |
|---|---|---|
| Diametric Capital, LP | $518.0K | 370,000 |
| Diametric Capital, LP | $232.5K | 750,000 |
| ARMISTICE CAPITAL, LLC | $155.0K | 500,000 |
| Warberg Asset Management LLC | $141.6K | 456,629 |
| PRELUDE CAPITAL MANAGEMENT, LLC | $128.9K | 92,063 |
| GEODE CAPITAL MANAGEMENT, LLC | $117.9K | 84,203 |
| VANGUARD CAPITAL MANAGEMENT LLC | $117.7K | 84,067 |
| MORGAN STANLEY | $105.3K | 75,221 |
| RENAISSANCE TECHNOLOGIES LLC | $95.1K | 67,918 |
| CITADEL ADVISORS LLC | $63.4K | 45,292 |
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Popular Research
Is BIVI a good stock to buy?
13F Pro's AI-powered analysis of BIOVIE INC. (BIVI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BIVI are available on the BIVI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own BIVI?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BIVI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of BIOVIE INC.'s investment landscape.