Novavax, Inc. (NVAX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 139.51M | 147.14M | 70.44M | 239.24M | 666.65M | 88.31M | 84.51M | 415.48M | 93.86M | 291.34M | 22.06M | 424.43M | -6.43M | 287.83M | 734.58M | 185.93M | 604.67M | -726.51M | 178.84M | 298.02M |
| Revenue Growth % | -79.07% | 66.61% | -16.64% | -42.42% | 610.3% | -69.69% | 283.03% | -2.11% | 1560.1% | 1.22% | -97% | 128.28% | -101.06% | 139.62% | 310.74% | -37.61% | 35.2% | -359.78% | 13.9% | 738.59% |
| Cost of Goods Sold | 30.7M | 25.2M | 21.5M | 14.22M | 14.12M | 36.67M | 60.62M | 46.24M | 48.81M | 148.88M | 98.93M | 55.78M | 34.09M | 181.76M | 434.59M | 271.08M | 15.2M | 0 | 0 | 0 |
| COGS % of Revenue | 22% | 17.13% | 30.51% | 5.95% | 2.12% | 41.52% | 71.73% | 11.13% | 52% | 51.1% | 448.37% | 13.14% | -530.27% | 63.15% | 59.16% | 145.8% | 2.51% | - | - | - |
| Gross Profit | 108.82M | 121.94M | 48.95M | 225.01M | 652.54M | 51.64M | 23.89M | 369.24M | 45.05M | 142.47M | -76.86M | 368.65M | -40.51M | 106.06M | 299.98M | -85.15M | 589.47M | -726.51M | 178.84M | 298.02M |
| Gross Margin % | 78% | 82.87% | 69.49% | 94.05% | 97.88% | 58.48% | 28.27% | 88.87% | 48% | 48.9% | -348.37% | 86.86% | 630.27% | 36.85% | 40.84% | -45.8% | 97.49% | 100% | 100% | 100% |
| Gross Profit Growth % | -83.32% | 136.12% | 104.87% | -39.06% | 1348.61% | -63.75% | 131.08% | 0.16% | 211.19% | 34.32% | -125.62% | 532.93% | -106.87% | 114.6% | 67.73% | -128.57% | 31.8% | -359.78% | 13.9% | 738.59% |
| Operating Expenses | 124.25M | 100.92M | 226.97M | 119.34M | 137.03M | 182.72M | 157.91M | 208.24M | 183.78M | 326.03M | 48.77M | 313.19M | 272.25M | 349.94M | 427.17M | 397.81M | 380.17M | 98.46M | 485.99M | 643.85M |
| OpEx % of Revenue | 89.06% | 68.58% | 322.19% | 49.89% | 20.55% | 206.91% | 186.85% | 50.12% | 195.81% | 111.91% | 221.03% | 73.79% | -4235.44% | 121.58% | 58.15% | 213.96% | 62.87% | -13.55% | 271.74% | 216.04% |
| Selling, General & Admin | 28.78M | 26.94M | 31.66M | 40.61M | 48.09M | 78.34M | 70.75M | 101.3M | 82.3M | 155.24M | 107.46M | 93.72M | 112.53M | 161.66M | 122.88M | 108.16M | 95.99M | 84.21M | 77.79M | 73.16M |
| SG&A % of Revenue | 20.63% | 18.31% | 44.94% | 16.98% | 7.21% | 88.71% | 83.71% | 24.38% | 87.69% | 53.28% | 487.04% | 22.08% | -1750.65% | 56.17% | 16.73% | 58.17% | 15.88% | -11.59% | 43.5% | 24.55% |
| Research & Development | 95.47M | 73.98M | 98.27M | 77.63M | 88.94M | 104.38M | 87.16M | 106.95M | 92.68M | 164.7M | 106.23M | 219.47M | 247.1M | 257.85M | 304.3M | 289.65M | 383.48M | 962.96M | 408.19M | 570.68M |
| R&D % of Revenue | 68.43% | 50.28% | 139.5% | 32.45% | 13.34% | 118.2% | 103.14% | 25.74% | 98.75% | 56.53% | 481.46% | 51.71% | -3844.14% | 89.59% | 41.42% | 155.79% | 63.42% | -132.55% | 228.24% | 191.49% |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 1000K | 1000K | -1000K | 0 | -1000K | -1000K | 0 | 0 | -1000K | -1000K | 0 | 0 |
| Operating Income | -15.43M | 21.02M | -178.02M | 105.67M | 515.51M | -131.08M | -134.02M | 161M | -138.73M | -183.57M | -125.63M | 55.46M | -312.77M | -243.88M | -127.19M | -482.96M | 209.29M | -824.97M | -307.14M | -345.83M |
| Operating Margin % | -11.06% | 14.29% | -252.7% | 44.17% | 77.33% | -148.43% | -158.58% | 38.75% | -147.81% | -63.01% | -569.4% | 13.07% | 4865.71% | -84.73% | -17.31% | -259.76% | 34.61% | 113.55% | -171.74% | -116.04% |
| Operating Income Growth % | -102.99% | 116.04% | -32.83% | -34.37% | 471.59% | 28.59% | -6.68% | 190.31% | 55.64% | 24.73% | 1.22% | 111.48% | -249.44% | 70.44% | 58.59% | -39.65% | 200.32% | -351.17% | -58.37% | -1931.06% |
| EBITDA | -15.43M | 26.14M | -171.43M | 113.23M | 523.85M | -118.56M | -121.32M | 172.13M | -126.58M | -172.77M | -114.31M | 65.52M | -303.73M | -236.06M | -118.84M | -476.24M | 216.06M | -821.3M | -302.88M | -343.42M |
| EBITDA Margin % | -11.06% | 17.77% | -243.36% | 47.33% | 78.58% | -134.26% | -143.55% | 41.43% | -134.87% | -59.3% | -518.09% | 15.44% | 4725.03% | -82.01% | -16.18% | -256.15% | 35.73% | 113.05% | -169.36% | -115.23% |
| EBITDA Growth % | -102.95% | 122.05% | -41.31% | -34.22% | 513.84% | 31.38% | -6.13% | 162.7% | 58.32% | 26.81% | 3.81% | 113.76% | -240.58% | 71.26% | 60.76% | -38.68% | 204.72% | -353.61% | -57.13% | -2040.08% |
| D&A (Non-Cash Add-back) | 0 | 5.13M | 6.58M | 7.56M | 8.34M | 12.52M | 12.7M | 11.13M | 12.15M | 10.79M | 11.32M | 10.07M | 9.04M | 7.82M | 8.35M | 6.72M | 6.76M | 3.67M | 4.26M | 2.41M |
| EBIT | -15.43M | 23.73M | -197.55M | 112.97M | 525.57M | -66M | -118.1M | 168.73M | -141.18M | -172.58M | -128.61M | 60.99M | -288.41M | -179.91M | -161.97M | -502.83M | 210.95M | -824.18M | -311.21M | -342.8M |
| Net Interest Income | 4.9M | -5.82M | -5.48M | -5.52M | -5.72M | -7.58M | -4.24M | -4.14M | -4.11M | -4.12M | -2.86M | -3.12M | -4.32M | -4.6M | -4.17M | -6.23M | -4.88M | -5.14M | -5.18M | -5.97M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -4.9M | 5.82M | 5.48M | 5.52M | 5.72M | 7.58M | 4.24M | 4.14M | 4.11M | 4.12M | 2.86M | 3.12M | 4.32M | 4.6M | 4.17M | 6.23M | 4.88M | 5.14M | 5.18M | 5.97M |
| Other Income/Expense | 6.92M | -3.12M | -25.02M | 1.78M | 4.33M | 57.5M | 11.69M | 3.59M | -6.56M | 6.87M | -5.84M | 2.41M | 20.05M | 59.37M | -38.95M | -26.11M | -3.22M | -4.7M | -9.25M | -2.94M |
| Pretax Income | -8.51M | 17.9M | -203.04M | 107.45M | 519.85M | -73.58M | -122.33M | 164.59M | -145.29M | -176.7M | -131.47M | 57.87M | -292.72M | -184.51M | -166.14M | -509.07M | 206.07M | -829.67M | -316.39M | -348.77M |
| Pretax Margin % | -6.1% | 12.17% | -288.22% | 44.91% | 77.98% | -83.32% | -144.75% | 39.61% | -154.8% | -60.65% | -595.87% | 13.63% | 4553.86% | -64.1% | -22.62% | -273.8% | 34.08% | 114.2% | -176.91% | -117.03% |
| Income Tax | 985K | 376K | -657K | 946K | 1.2M | 7.45M | -1.03M | 2.21M | 2.26M | 1.69M | -697K | -143K | 1.18M | -2.26M | 2.47M | 1.42M | 2.66M | 16.61M | 6.04M | 3.55M |
| Effective Tax Rate % | -11.58% | 2.1% | 0.32% | 0.88% | 0.23% | -10.12% | 0.84% | 1.34% | -1.56% | -0.96% | 0.53% | -0.25% | -0.4% | 1.22% | -1.49% | -0.28% | 1.29% | -2% | -1.91% | -1.02% |
| Net Income | -9.49M | 17.53M | -202.38M | 106.51M | 518.65M | -81.03M | -121.3M | 162.38M | -147.55M | -178.39M | -130.78M | 58.01M | -293.9M | -182.25M | -168.61M | -510.49M | 203.41M | -846.28M | -322.43M | -352.32M |
| Net Margin % | -6.8% | 11.91% | -287.29% | 44.52% | 77.8% | -91.76% | -143.53% | 39.08% | -157.21% | -61.23% | -592.71% | 13.67% | 4572.26% | -63.32% | -22.95% | -274.56% | 33.64% | 116.49% | -180.29% | -118.22% |
| Net Income Growth % | -101.83% | 121.63% | -66.84% | -34.41% | 451.51% | 54.58% | 7.25% | 179.93% | 49.8% | 2.12% | 22.44% | 111.36% | -244.49% | 78.46% | 47.71% | -44.89% | 191.33% | -376.61% | -63.41% | -1910.83% |
| Net Income (Continuing) | -9.49M | 17.53M | -202.38M | 106.51M | 518.65M | -81.03M | -121.3M | 162.38M | -147.55M | -178.39M | -130.78M | 58.01M | -293.9M | -182.25M | -168.61M | -510.49M | 203.41M | -846.28M | -322.43M | -352.32M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.06 | 0.11 | -1.25 | 0.60 | 2.93 | -0.51 | -0.76 | 0.99 | -1.05 | -1.44 | -1.26 | 0.58 | -3.41 | -2.28 | -2.15 | -6.53 | 2.52 | -11.33 | -4.31 | -4.75 |
| EPS Growth % | -102.05% | 121.57% | -64.47% | -39.39% | 379.05% | 64.58% | 39.68% | 70.69% | 69.21% | 36.84% | 41.4% | 108.88% | -235.32% | 79.88% | 50.12% | -37.47% | 182.62% | -319.63% | -34.27% | -1483.33% |
| EPS (Basic) | -0.06 | 0.11 | -1.25 | 0.66 | 3.22 | -0.51 | -0.76 | 1.11 | -1.05 | -1.44 | -1.26 | 0.65 | -3.41 | -2.28 | -2.15 | -6.53 | 2.56 | -11.33 | -4.31 | -4.75 |
| Diluted Shares Outstanding | 163.28M | 173.1M | 162.35M | 177.22M | 177.63M | 160.24M | 160.05M | 165.85M | 139.92M | 123.68M | 103.43M | 104.06M | 86.16M | 79.82M | 78.27M | 78.14M | 80.71M | 74.4M | 74.75M | 74.12M |
| Basic Shares Outstanding | 163.28M | 161.99M | 162.35M | 162.02M | 161.05M | 160.24M | 160.05M | 148.38M | 139.92M | 123.68M | 103.43M | 89.36M | 86.16M | 79.82M | 78.27M | 78.14M | 79.38M | 74.4M | 74.75M | 74.12M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |