Novavax, Inc. financials

Key figures from Novavax, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricJun 2026Jun 2025Change
Revenue$57M$239M-76.3%
Net income-$53M$107M-150.1%
Gross margin74.9%93.6%-18.7 pts
Operating margin-96.8%42.2%-139.1 pts
Net margin-94.2%44.5%-138.7 pts

Quarterly trend

Revenue by quarter
$187MSep 2023$291MDec 2023*$94MMar 2024$415MJun 2024$85MSep 2024$88MDec 2024*$667MMar 2025$239MJun 2025$70MSep 2025$147MDec 2025*$140MMar 2026$57MJun 2026
Net income by quarter
-$131MSep 2023-$178MDec 2023*-$148MMar 2024$162MJun 2024-$121MSep 2024-$81MDec 2024*$519MMar 2025$107MJun 2025-$202MSep 2025$18MDec 2025*-$9MMar 2026-$53MJun 2026
Margins by quarter
-345%-95%156%Sep 2023Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 2026Jun 202647.1%46.8%36.9%88.9%28.3%58.5%97.9%93.6%69.5%85.0%78.0%74.9%-67.2%-63.0%-154.3%38.7%-158.6%-148.4%77.3%42.2%-252.7%9.7%-11.1%-96.8%-69.9%-61.2%-157.2%39.1%-143.5%-91.8%77.8%44.5%-287.3%11.9%-6.8%-94.2%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$1.1B$440M39.2%$2.58
FY Dec 2024$682M-$187M-27.5%-$1.23
FY Dec 2023$984M-$545M-55.4%-$5.41
FY Dec 2022$2.0B-$658M-33.2%-$8.42
FY Dec 2021$1.1B-$1.7B-152.1%$265M-$23.44

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.