Novavax, Inc. (NVAX)

Novavax Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,255	682.16	983.71	1,982	1,146	475.6
Revenue Growth (YoY)	25.92%	-30.65%	-50.37%	72.89%	141.02%	2448.48%
Cost of Revenue	522.4	569.64	1,037	2,071	2,535	747.03
Gross Profit	732.56	112.52	-53.55	-89.48	-1,388	-271.43
Selling, General & Admin	288.88	323.59	457.45	488.69	298.36	142.59
Research & Development	20.87	20.87	41.21	66.57	-	-
Operating Expenses	309.75	344.45	498.66	555.26	298.36	142.59
Operating Income	422.81	-231.93	-552.21	-644.74	-1,687	-414.02
Interest Expense	-21.69	-20.08	-14.42	-19.88	-21.13	-15.15
Currency Exchange Gain (Loss)	-11.9	-4.4	7.9	-2.5	-5.3	9.6
Other Non Operating Income (Expenses)	58.74	44.84	30	13.47	-1.53	4.01
EBT Excluding Unusual Items	447.97	-211.56	-528.73	-653.65	-1,715	-415.56
Merger & Restructuring Charges	-11.4	-17	-14.3	-	-	-2.7
Gain (Loss) on Sale of Assets	51.95	51.95	-	-	-	-
Pretax Income	488.52	-176.62	-543.03	-653.65	-1,715	-418.26
Income Tax Expense	9.82	10.88	2.03	4.29	29.22	-
Net Income	478.7	-187.5	-545.06	-657.94	-1,744	-418.26
Net Income to Common	478.7	-187.5	-545.06	-657.94	-1,744	-418.26
Shares Outstanding (Basic)	157	152	101	78	74	58
Shares Outstanding (Diluted)	162	152	101	78	74	58
Shares Change (YoY)	41.51%	51.03%	28.89%	5.08%	29.27%	138.81%
EPS (Basic)	3.04	-1.23	-5.41	-8.42	-23.44	-7.27
EPS (Diluted)	2.97	-1.23	-5.41	-8.42	-23.44	-7.27
Free Cash Flow	-196.61	-100.32	-767.74	-504.99	268.45	-97.01
Free Cash Flow Per Share	-1.22	-0.66	-7.62	-6.46	3.61	-1.69
Gross Margin	58.37%	16.50%	-5.44%	-4.52%	-121.10%	-57.07%
Operating Margin	33.69%	-34.00%	-56.14%	-32.53%	-147.13%	-87.05%
Profit Margin	38.14%	-27.49%	-55.41%	-33.20%	-152.12%	-87.94%
Free Cash Flow Margin	-15.67%	-14.71%	-78.05%	-25.48%	23.42%	-20.40%
EBITDA	467.5	-183.44	-510.99	-615.68	-1,674	-409.13
EBITDA Margin	37.25%	-26.89%	-51.94%	-31.07%	-146.03%	-86.02%
D&A For EBITDA	44.69	48.5	41.23	29.05	12.66	4.89
EBIT	422.81	-231.93	-552.21	-644.74	-1,687	-414.02
EBIT Margin	33.69%	-34.00%	-56.14%	-32.53%	-147.13%	-87.05%
Revenue as Reported	1,255	682.16	983.71	1,982	1,146	475.6
Advertising Expenses	-	33.7	91.5	84	8.9	-

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q