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Other financials

Income statement

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Revenue$56.7M-76.3%
Gross profit$42.5M-81.0%
Operating income-$54.9M-154%
Net income-$53.4M-150%
EPS (diluted)-$0.32-152%

Balance sheet

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Cash & equivalents$191.5M-24.5%
Total debt$297.3M+413%
Total equity-$190.7M-607%
Total assets$955.6M-28.5%

Cash flow

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Operating cash flow-$72.8M+42.9%
Free cash flow-$73.4M+42.7%

Valuation

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Market cap$1.27B+3.7%
Enterprise value$1.38B+33.6%
P/S3.1×+1.9×

Profitability

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Gross margin78.6%-9.6pp
Operating margin-56.6%-89.2pp
Net margin-59.9%-99.1pp
FCF margin-59%-61.5pp

Returns & leverage

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Return on equity-238.6%
Debt / equity1.5×
Current ratio2.3×0.0×

Where this comes from

Reported directly by Novavax in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForCapitalImprovements.

The source filing: Novavax’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 7:50 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001000694-26-000018
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Deferred revenue(55,664)(608,860)
Net cash used in operating activities(105,230)(312,964)
Investing Activities:
Capital expenditures, including internal-use software(1,858)(2,122)
Proceeds from assets held for sale39,750
Purchases of marketable securities(295,820)(114,724)
Proceeds from maturities of marketable securities264,464154,625
Net cash provided by investing activities6,53637,779

Item 1. Consolidated Financial Statements

FAQ

What is Novavax's capex?
Novavax (NVAX) reported capex of $588K in Q2 2026.
How has Novavax's capex changed year-over-year?
Novavax's capex increased by 11.6% year-over-year, from $527K to $588K.
What is the long-term trend for Novavax's capex?
Over 4 years (2021 to 2025), Novavax's capex has grown at a -43.5% compound annual growth rate (CAGR), from $54.5M to $5.56M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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