Vaxart, Inc. (VXRT)

Vaxart Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	50.93	53.81	25.23	34.76	44.01	143.75
Short-Term Investments	13.05	9.99	26.49	4.96	49.7	22.74
Cash & Short-Term Investments	63.98	63.81	51.72	39.71	93.72	166.49
Cash Growth	143.52%	23.36%	30.24%	-57.63%	-43.71%	31.23%
Accounts Receivable	46.99	51.35	11.97	3.01	0.02	0.07
Receivables	46.99	51.35	11.97	3.01	0.02	0.07
Prepaid Expenses	5.02	20.3	4.25	2.48	3.71	2.61
Restricted Cash	-	-	-	-	2	-
Other Current Assets	0.7	0.67	0.32	0.33	-	-
Total Current Assets	116.69	136.12	68.26	45.54	99.45	169.17
Property, Plant & Equipment	15.74	16.87	29.11	36.57	41.3	19.77
Long-Term Investments	-	-	-	-	-	16.21
Goodwill	4.51	4.51	4.51	4.51	4.51	4.51
Other Intangible Assets	2.46	2.83	3.56	4.29	5.02	10.62
Other Long-Term Assets	25.79	25.76	60.96	0.93	3.57	0.89
Total Assets	165.19	186.08	166.39	91.83	153.85	221.17

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	16.97	21.5	6.96	1.58	5.51	3.87
Accrued Expenses	43.13	47.88	11.38	5.63	8.08	5.06
Current Portion of Long-Term Debt	2.69	1.38	4.06	3.8	0.1	0.84
Current Portion of Leases	2.54	2.98	3.08	2.7	2.23	1.01
Current Unearned Revenue	7.78	13.02	65.4	-	2	-
Total Current Liabilities	73.11	86.75	90.88	13.72	17.92	10.78
Long-Term Debt	2.04	2.68	1.7	2.62	5.62	10.69
Long-Term Leases	5.27	6.01	14.45	17.39	19.48	12
Long-Term Unearned Revenue	1.52	2.02	-	-	-	-
Other Long-Term Liabilities	0.87	0.82	0.44	0.29	0.23	0.17
Total Liabilities	82.81	98.28	107.46	34.03	43.25	33.64

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.02	0.02	0.02	0.02	0.01	0.01
Additional Paid-In Capital	550.96	548.13	535.77	467.73	437.99	406.94
Retained Earnings	-468.51	-460.2	-476.52	-409.57	-327.11	-219.35
Treasury Stock	-0.09	-0.16	-0.35	-0.37	-	-
Comprehensive Income & Other	-0.01	-0	0	-0	-0.3	-0.07
Total Common Equity	82.37	87.8	58.93	57.81	110.6	187.53
Shareholders' Equity	82.37	87.8	58.93	57.81	110.6	187.53
Total Liabilities & Equity	165.19	186.08	166.39	91.83	153.85	221.17

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	12.54	13.05	23.28	26.51	27.42	24.53
Net Cash (Debt)	51.44	50.76	28.44	13.2	66.3	141.96
Net Cash Growth	609.39%	78.49%	115.46%	-80.09%	-53.30%	35.54%
Net Cash Per Share	0.22	0.22	0.14	0.09	0.52	1.17
Filing Date Shares Outstanding	242.84	240.63	227.95	173.86	135.56	125.81
Total Common Shares Outstanding	242.84	240.49	227.77	153.45	134.2	125.59
Working Capital	43.58	49.37	-22.62	31.81	81.53	158.38
Book Value Per Share	0.34	0.37	0.26	0.38	0.82	1.49
Tangible Book Value	75.4	80.46	50.86	49.01	101.07	172.4
Tangible Book Value Per Share	0.31	0.33	0.22	0.32	0.75	1.37
Machinery	14.9	15.15	14.95	14.55	13.11	5.54
Construction In Progress	1.49	0.16	0.16	0.02	3.98	1.31
Leasehold Improvements	2.71	3.93	4.11	3.99	1.76	1.06

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 28, 2026

Data Sources Report a data error