Vaxart, Inc. (VXRT)

Vaxart Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	237.26	28.7	7.38	0.11	0.89
Revenue Growth (YoY)	726.68%	288.94%	6796.26%	-88.00%	-77.95%
Cost of Revenue	201.58	74.21	68.14	81.05	48.75
Gross Profit	35.68	-45.51	-60.76	-80.95	-47.86
Selling, General & Admin	17.61	20.78	22.58	29.39	21.89
Operating Expenses	17.61	20.78	22.58	29.39	21.89
Operating Income	18.07	-66.29	-83.35	-110.33	-69.75
Interest Expense	-2.82	-2.97	-1.45	-1.31	-1.48
Interest & Investment Income	1.6	2.54	2.65	1.25	0.08
Currency Exchange Gain (Loss)	-	-	-	-	-0
Other Non Operating Income (Expenses)	-0.04	0.03	-0.06	-0.01	-
EBT Excluding Unusual Items	16.8	-66.69	-82.2	-110.4	-71.15
Asset Writedown	-	-	-	-4.25	-3.01
Other Unusual Items	-	-	-	6.96	3.79
Pretax Income	16.8	-66.69	-82.2	-107.69	-70.36
Income Tax Expense	0.48	0.26	0.26	0.07	0.11
Net Income	16.33	-66.95	-82.47	-107.76	-70.47
Net Income to Common	16.33	-66.95	-82.47	-107.76	-70.47
Shares Outstanding (Basic)	230	202	145	128	121
Shares Outstanding (Diluted)	230	202	145	128	121
Shares Change (YoY)	13.96%	39.58%	13.42%	5.13%	37.55%
EPS (Basic)	0.07	-0.33	-0.57	-0.84	-0.58
EPS (Diluted)	0.07	-0.33	-0.57	-0.84	-0.58
Free Cash Flow	7.57	-45.32	-72.32	-104.38	-64.99
Free Cash Flow Per Share	0.03	-0.22	-0.50	-0.82	-0.54
Gross Margin	15.04%	-158.58%	-	-	-
Operating Margin	7.62%	-230.99%	-1129.52%	-103114.95%	-7819.17%
Profit Margin	6.88%	-233.27%	-1117.56%	-100708.41%	-7900.22%
Free Cash Flow Margin	3.19%	-157.90%	-980.13%	-97551.40%	-7285.76%
EBITDA	26.65	-57.44	-74.72	-104.53	-65.54
EBITDA Margin	11.23%	-200.15%	-	-	-
D&A For EBITDA	8.58	8.85	8.62	5.81	4.21
EBIT	18.07	-66.29	-83.35	-110.33	-69.75
EBIT Margin	7.62%	-230.99%	-	-	-
Effective Tax Rate	2.83%	-	-	-	-
Revenue as Reported	237.26	28.7	7.38	0.11	0.89

Source: S&P Global Market Intelligence. Standard template. Financial Sources.