Vaxart, Inc. (VXRT)

Vaxart Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	16.88	25.23	34.76	44.01	143.75	126.87
Short-Term Investments	11.91	26.49	4.96	49.7	22.74	-
Cash & Short-Term Investments	28.79	51.72	39.71	93.72	166.49	126.87
Cash Growth	-50.96%	30.24%	-57.63%	-43.71%	31.23%	837.97%
Accounts Receivable	85.95	11.97	3.01	0.02	0.07	0.55
Receivables	85.95	11.97	3.01	0.02	0.07	0.55
Prepaid Expenses	2.54	4.25	2.48	3.71	2.61	1.11
Restricted Cash	-	-	-	2	-	-
Other Current Assets	0.09	0.32	0.33	-	-	-
Total Current Assets	117.37	68.26	45.54	99.45	169.17	128.53
Property, Plant & Equipment	23.16	29.11	36.57	41.3	19.77	8.32
Long-Term Investments	-	-	-	-	16.21	-
Goodwill	4.51	4.51	4.51	4.51	4.51	-
Other Intangible Assets	3.01	3.56	4.29	5.02	10.62	15.36
Other Long-Term Assets	60.94	60.96	0.93	3.57	0.89	0.37
Total Assets	208.99	166.39	91.83	153.85	221.17	152.58
Accounts Payable	53.08	6.96	1.58	5.51	3.87	2.13
Accrued Expenses	44.88	11.38	5.63	8.08	5.06	4.8
Current Portion of Long-Term Debt	2.73	4.06	3.8	0.1	0.84	2.78
Current Portion of Leases	3.78	3.08	2.7	2.23	1.01	2.05
Current Unearned Revenue	64.83	65.4	-	2	-	-
Total Current Liabilities	169.3	90.88	13.72	17.92	10.78	11.76
Long-Term Debt	0.78	1.7	2.62	5.62	10.69	12.15
Long-Term Leases	11.66	14.45	17.39	19.48	12	5.16
Other Long-Term Liabilities	0.49	0.44	0.29	0.23	0.17	0.11
Total Liabilities	182.23	107.46	34.03	43.25	33.64	29.18
Common Stock	0.02	0.02	0.02	0.01	0.01	0.01
Additional Paid-In Capital	542.35	535.77	467.73	437.99	406.94	272.27
Retained Earnings	-515.24	-476.52	-409.57	-327.11	-219.35	-148.88
Treasury Stock	-0.37	-0.35	-0.37	-	-	-
Comprehensive Income & Other	-0	0	-0	-0.3	-0.07	-
Total Common Equity	26.76	58.93	57.81	110.6	187.53	123.4
Shareholders' Equity	26.76	58.93	57.81	110.6	187.53	123.4
Total Liabilities & Equity	208.99	166.39	91.83	153.85	221.17	152.58
Total Debt	18.96	23.28	26.51	27.42	24.53	22.14
Net Cash (Debt)	9.84	28.44	13.2	66.3	141.96	104.73
Net Cash Growth	-72.40%	115.46%	-80.09%	-53.30%	35.54%	-
Net Cash Per Share	0.04	0.14	0.09	0.52	1.17	1.19
Filing Date Shares Outstanding	240.07	227.95	173.86	135.56	125.81	117.77
Total Common Shares Outstanding	228.96	227.77	153.45	134.2	125.59	110.27
Working Capital	-51.93	-22.62	31.81	81.53	158.38	116.77
Book Value Per Share	0.12	0.26	0.38	0.82	1.49	1.12
Tangible Book Value	19.24	50.86	49.01	101.07	172.4	108.04
Tangible Book Value Per Share	0.08	0.22	0.32	0.75	1.37	0.98
Machinery	15.04	14.95	14.55	13.11	5.54	2.05
Construction In Progress	0.01	0.16	0.02	3.98	1.31	-
Leasehold Improvements	4	4.11	3.99	1.76	1.06	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q