Vaxart Balance Sheet

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
Cash & Equivalents	20.11	25.23	34.76	46.01	143.75	126.87
Short-Term Investments	6.16	26.49	4.96	49.7	22.74	-
Cash & Short-Term Investments	26.27	51.72	39.71	95.72	166.49	126.87
Cash Growth	-58.03%	30.24%	-58.51%	-42.51%	31.23%	837.97%
Accounts Receivable	4.28	5.76	3.01	0.02	0.07	0.33
Other Receivables	36.78	6.21	-	-	-	-
Total Trade Receivables	41.06	11.97	3.01	0.02	0.07	0.33
Other Current Assets	3.05	4.57	2.82	3.71	2.61	1.33
Total Current Assets	70.38	68.26	45.54	99.45	169.17	128.53
Net Property, Plant & Equipment	25.06	29.11	36.57	41.3	19.77	8.32
Other Intangible Assets	3.19	3.56	4.29	5.02	10.62	15.36
Goodwill	4.51	4.51	4.51	4.51	4.51	-
Long-Term Investments	-	-	-	-	16.21	-
Other Long-Term Assets	60.94	60.96	0.93	3.57	0.89	0.37
Total Assets	164.09	166.39	91.83	153.85	221.17	152.58
Accounts Payable	10.61	6.96	1.58	5.51	3.87	2.13
Accrued Expenses	35.73	11.38	5.63	8.08	5.06	4.8
Current Portion of Leases	3.49	3.08	2.7	2.23	1.01	2.05
Unearned Revenue	65.38	65.4	-	2	-	-
Other Current Liabilities	2.68	4.06	3.8	0.1	0.84	2.78
Total Current Liabilities	117.88	90.88	13.72	17.92	10.78	11.76
Long-Term Leases	12.63	14.45	17.39	19.48	12	5.16
Other Long-Term Liabilities	0.7	2.14	2.92	5.85	10.86	12.26
Total Long-Term Liabilities	13.33	16.59	20.3	25.33	22.85	17.42
Total Liabilities	131.21	107.46	34.03	43.25	33.64	29.18
Common Stock	0.02	0.02	0.02	0.01	0.01	0.01
Treasury Stock	-0.37	-0.35	-0.37	-	-	-
Additional Paid-in Capital	540.33	535.77	467.73	437.99	406.94	272.27
Accumulated Other Comprehensive Income	-0.01	0	-0	-0.3	-0.07	-
Retained Earnings	-507.1	-476.52	-409.57	-327.11	-219.35	-148.88
Shareholders' Equity	32.88	58.93	57.81	110.6	187.53	123.4
Total Liabilities & Equity	164.09	166.39	91.83	153.85	221.17	152.58
Total Debt	16.11	17.53	20.09	21.71	13.01	7.21
Net Cash (Debt)	10.16	34.2	19.63	74.01	153.48	119.66
Net Cash Growth	-70.30%	74.25%	-73.48%	-51.78%	28.26%	967.17%
Net Cash Per Share	0.04	0.17	0.14	0.58	1.26	1.35
Book Value	32.88	58.93	57.81	110.6	187.53	123.4
Book Value Per Share	0.14	0.29	0.40	0.87	1.54	1.40
Tangible Book Value	25.18	50.86	49.01	101.07	172.4	108.04
Tangible Book Value Per Share	0.11	0.25	0.34	0.79	1.42	1.22

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