What is Novavax's capex?

Novavax (NVAX) reported capex of $1.27M in Q1 2026.

How has Novavax's capex changed year-over-year?

Novavax's capex decreased by 20.4% year-over-year, from $1.6M to $1.27M.

What is the long-term trend for Novavax's capex?

Over 4 years (2021 to 2025), Novavax's capex has grown at a -43.9% compound annual growth rate (CAGR), from $57.49M to $5.69M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Novavax NVAX CapEx

CapEx at other companies

ModernaMRNA

$62M-47.0%

Roivant SciencesROIV

$1.26M+55.5%

Merck & Co.MRK

$991M-25.4%

Vaxcyte, Inc.PCVX

$2.11M-61.2%

Viridian Therapeutics, Inc.VRDN

$23K-73.3%

ALN

Alnylam PharmaceuticalsALNY

$21.83M+143%

Other financials

Income statement

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Revenue$139.5M-79.1%

Gross profit$108.8M-83.3%

Operating income-$15.4M-103%

Net income-$9.5M-102%

EPS (diluted)-$0.06-102%

Balance sheet

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Cash & equivalents$228.4M-13.3%

Total debt$295.1M+404%

Total equity-$144.8M-91.4%

Total assets$1.0B-19.3%

Cash flow

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Operating cash flow-$32.4M+82.5%

Free cash flow-$33.7M+82.0%

Valuation

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Market cap$1.46B+28.6%

Enterprise value$1.53B+68.6%

P/S2.5×+1.5×

Profitability

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Gross margin85%-2.5pp

Operating margin-13.1%-45.9pp

Net margin-14.7%-52.9pp

FCF margin-58.9%-61.4pp

Returns & leverage

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Return on equity-238.6%—

Debt / equity1.5×—

Current ratio2.5×+0.4×

Where this comes from

Reported directly by Novavax in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForCapitalImprovements.

The official record: Novavax’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Novavax's capex?: Novavax (NVAX) reported capex of $1.27M in Q1 2026.
How has Novavax's capex changed year-over-year?: Novavax's capex decreased by 20.4% year-over-year, from $1.6M to $1.27M.
What is the long-term trend for Novavax's capex?: Over 4 years (2021 to 2025), Novavax's capex has grown at a -43.9% compound annual growth rate (CAGR), from $57.49M to $5.69M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.