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Novavax, Inc. (NVAX)
NASDAQ: NVAX · Real-Time Price · USD
12.75
+1.74 (15.80%)
At close: Oct 9, 2026, 4:00 PM EDT
12.69
-0.06 (-0.49%)
After-hours: Oct 9, 2026, 7:59 PM EDT

Novavax Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
413.81,123682.16983.711,9821,146
Revenue Growth
-61.64%64.69%-30.65%-50.37%72.89%141.02%
Gross Profit
-10.58713.6291.65-94.77-89.48-1,388
Operating Income
-119.38563.24-231.93-552.21-644.74-1,687
Net Income
-247.73440.3-187.5-545.06-657.94-1,744
Earnings Per Share
-1.522.58-1.23-5.41-8.42-23.44
EPS Growth
------

Revenue by Geography
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023
Period EndingJun '26 Dec '25 Dec '24 Dec '23
United States
302.55405.61522.54443.89
Europe
25.2915.7496.14271.96
Rest of The World
85.96126.4659.02254.46
Rest of North America
-575.674.4613.39
Total
413.81,123682.16983.71

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
719.34735.08923.12568.511,3371,515
Total Debt
297.32278.05263.47280.64616.73524.09
Net Cash (Debt)
422.02457.04659.65287.87720.15991.03
Net Cash Growth
9.96%-30.71%129.15%-60.03%-27.33%332.45%
Net Cash Per Share
2.592.644.332.869.2113.32

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-36.9-244.64-87.26-713.97-415.94322.95
Capital Expenditures
-5.3-5.56-13.06-53.77-89.06-54.5
Free Cash Flow
-42.2-250.2-100.32-767.74-504.99268.45
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
-2.56%63.52%13.44%-9.63%-4.52%-121.10%
Operating Margin
-28.85%50.13%-34.00%-56.14%-32.53%-147.13%
Pretax Margin
-59.28%39.36%-25.89%-55.20%-32.98%-149.57%
Profit Margin
-59.87%39.19%-27.49%-55.41%-33.20%-152.12%
FCF Margin
-10.20%-22.27%-14.71%-78.05%-25.48%23.42%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
-2.48----
Forward PE
-8.3328.963.153.1510.46
P/FCF Ratio
-----40.30
PS Ratio
5.080.971.890.580.459.44