What is Novavax's change in inventories?

Novavax (NVAX) reported change in inventories of $226K in Q1 2026.

How has Novavax's change in inventories changed year-over-year?

Novavax's change in inventories increased by 109.5% year-over-year, from -$2.38M to $226K.

What does change in inventories mean?

Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.

Novavax NVAX Change in Inventories

Change in Inventories at other companies

ModernaMRNA

-$6M-175%

Merck & Co.MRK

$295M+41.3%

ALN

Alnylam PharmaceuticalsALNY

$3.32M+153%

Gilead SciencesGILD

$52M-76.7%

ImmunityBio, Inc.IBRX

$4.99M+2,798%

BioCryst PharmaceuticalsBCRX

$4.85M+457%

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%

CapEx$1.3M-20.4%

Free cash flow-$33.7M+82.0%

Valuation

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Market cap$1.46B+41.0%

Enterprise value$1.53B+83.6%

P/S2.5×+1.6×

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:IncreaseDecreaseInInventories.

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 change in inventories?: Novavax (NVAX) reported change in inventories of $226K in Q1 2026.
How has Novavax's change in inventories changed year-over-year?: Novavax's change in inventories increased by 109.5% year-over-year, from -$2.38M to $226K.
What does change in inventories mean?: Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.