NOVAVAX INC (NVAX)

9.26 +2.32% (+0.21)

Over 3Y: +12.5%

2026-08-28
Style
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5 10 15 20
2023 2024 2025 2026

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '21 — Revenue: 178.8M Q3 '21 — Operating Cash Flow: -142.1M Q3 '21 — Free Cash Flow: -154.3M Q3 '21 — Net Income: -322.4M Q4 '21 — Revenue: 222.2M Q4 '21 — Operating Cash Flow: -342.4M Q4 '21 — Free Cash Flow: -358.8M Q4 '21 — Net Income: -846.3M Q1 '22 — Revenue: 704M Q1 '22 — Operating Cash Flow: -88.5M Q1 '22 — Free Cash Flow: -105.3M Q1 '22 — Net Income: 203.4M Q2 '22 — Revenue: 185.9M Q2 '22 — Operating Cash Flow: -170.9M Q2 '22 — Free Cash Flow: -195.5M Q2 '22 — Net Income: -510.5M Q3 '22 — Revenue: 734.6M Q3 '22 — Operating Cash Flow: -38.7M Q3 '22 — Net Income: -168.6M Q4 '22 — Revenue: 357.4M Q4 '22 — Operating Cash Flow: -117.8M Q4 '22 — Net Income: -182.2M Q1 '23 — Revenue: 81M Q1 '23 — Operating Cash Flow: -325.6M Q1 '23 — Net Income: -293.9M Q2 '23 — Revenue: 424.4M Q2 '23 — Operating Cash Flow: -171.9M Q2 '23 — Net Income: 58M Q3 '23 — Revenue: 187M Q3 '23 — Operating Cash Flow: -39.7M Q3 '23 — Net Income: -130.8M Q4 '23 — Revenue: 291.3M Q4 '23 — Operating Cash Flow: -176.8M Q4 '23 — Net Income: -178.4M Q1 '24 — Revenue: 93.9M Q1 '24 — Operating Cash Flow: -83.6M Q1 '24 — Net Income: -147.6M Q2 '24 — Revenue: 415.5M Q2 '24 — Operating Cash Flow: 314.3M Q2 '24 — Net Income: 162.4M Q3 '24 — Revenue: 84.5M Q3 '24 — Operating Cash Flow: -144.8M Q3 '24 — Net Income: -121.3M Q4 '24 — Revenue: 88.3M Q4 '24 — Operating Cash Flow: -173.2M Q4 '24 — Net Income: -81M Q1 '25 — Revenue: 666.7M Q1 '25 — Operating Cash Flow: -185.5M Q1 '25 — Net Income: 518.6M Q2 '25 — Revenue: 239.2M Q2 '25 — Operating Cash Flow: -127.5M Q2 '25 — Net Income: 106.5M Q3 '25 — Revenue: 70.4M Q3 '25 — Operating Cash Flow: 107.8M Q3 '25 — Net Income: -202.4M Q4 '25 — Revenue: 147.1M Q4 '25 — Operating Cash Flow: -39.5M Q4 '25 — Net Income: 17.5M Q1 '26 — Revenue: 139.5M Q1 '26 — Operating Cash Flow: -32.4M Q1 '26 — Net Income: -9.5M Q2 '26 — Revenue: 56.7M Q2 '26 — Operating Cash Flow: -72.8M Q2 '26 — Net Income: -53.4M -700M -350M 0 350M 700M 1.1B
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

2.4
OE margin -16.7%
Oper. margin -56.6%
Accruals -22.1%
Gross margin 78.6%
EBITDA margin -52.3%
FCF margin -8.9%
OCF margin -8.9%
Profit margin -59.9%
ROA -25.9%
ROCE -37.5%
Capex / sales —
OCF / EBIT —
ROE —
ROIC —

4 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

2.4
RPO / sales 0.21×
RPO growth —
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

6.5
ND/EBITDA —
Interest cover -16.1×
Cash / Debt 2.4×
Cash runway 11.4 yr
Debt payback 0.0 yr
Quick ratio 2.3×
F-score 5.6 pts
Debt / Eq —
Equity / Assets —
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

1.0
Sales/sh Y/Y -66.3%
EPS Y/Y -151.5%
Sales Q/Q -76.3%
Shares change +13.8%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.