Vaxart Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	80.72	28.7	7.38	0.11	0.89	4.05
Revenue Growth (YoY)	479.58%	288.94%	6796.26%	-88.00%	-77.95%	-58.97%
Gross Profit	80.72	28.7	7.38	0.11	0.89	4.05
Selling, General & Admin	18.03	20.78	22.58	29.39	21.89	15.2
Research & Development	118.2	74.21	68.14	81.05	48.75	19.86
Other Operating Expenses	-	-	-	4.25	3.01	-0.85
Operating Income	-55.51	-66.29	-83.35	-114.59	-72.75	-30.17
Interest Income	5.6	5.51	4.1	2.55	1.56	1.95
Other Non-Operating Income (Expense)	0.03	0.03	-0.06	6.95	3.79	-0.01
Total Non-Operating Income (Expense)	5.62	5.54	4.04	9.51	5.35	1.94
Pretax Income	-49.89	-60.75	-79.31	-105.08	-67.4	-28.23
Provision for Income Taxes	0.31	0.26	0.26	0.07	0.11	0.24
Net Income	-56.64	-66.95	-82.47	-107.76	-70.47	-32.22
Net Income to Common	-56.64	-66.95	-82.47	-107.76	-70.47	-32.22
Shares Outstanding (Basic)	228	202	145	128	121	88
Shares Outstanding (Diluted)	228	202	145	128	121	88
Shares Change (YoY)	38.50%	39.58%	13.42%	5.13%	37.55%	309.35%
EPS (Basic)	-0.24	-0.33	-0.57	-0.84	-0.58	-0.36
EPS (Diluted)	-0.24	-0.33	-0.57	-0.84	-0.58	-0.36
Free Cash Flow	-37.17	-45.32	-72.32	-104.38	-64.99	-24.97
Free Cash Flow Per Share	-0.16	-0.22	-0.50	-0.82	-0.54	-0.28
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	-68.76%	-230.99%	-1129.52%	-107090.65%	-8156.05%	-745.67%
Profit Margin	-62.18%	-212.58%	-1078.34%	-98269.16%	-7568.39%	-703.71%
FCF Margin	-46.05%	-157.90%	-980.13%	-97551.40%	-7285.76%	-617.23%
EBITDA	-46.6	-57.44	-74.72	-108.78	-68.54	-27.46
EBITDA Margin	-57.73%	-200.15%	-1012.64%	-101665.42%	-7684.30%	-678.70%
EBIT	-55.51	-66.29	-83.35	-114.59	-72.75	-30.17
EBIT Margin	-68.76%	-230.99%	-1129.52%	-107090.65%	-8156.05%	-745.67%
Effective Tax Rate	-0.62%	-0.43%	-0.33%	-0.06%	-0.16%	-0.84%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.