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Novavax NVAX EBITDA margin

EBITDA margin at other companies

Moderna logo
ModernaMRNA
-142.8%+56.2pp
Roivant Sciences logo
Roivant SciencesROIV
-9,099.5%-13,736pp
Merck & Co. logo
Merck & Co.MRK
22.4%-12.4pp
Viridian Therapeutics, Inc. logo
Viridian Therapeutics, Inc.VRDN
-543.2%-271pp
ALN
Alnylam PharmaceuticalsALNY
18.8%+16.9pp
Gilead Sciences logo
Gilead SciencesGILD
36.1%+6.2pp

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

Calculated from Novavax’s reported figures.

Based on trailing twelve months.

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 EBITDA margin?
Novavax (NVAX) reported EBITDA margin of -9.4% in Q1 2026.
How has Novavax's EBITDA margin changed year-over-year?
Novavax's EBITDA margin decreased by 125.8% year-over-year, from 36.3% to -9.4%.
What is the long-term trend for Novavax's EBITDA margin?
Over 4 years (2021 to 2025), Novavax's EBITDA margin has grown at a -26.4% compound annual growth rate (CAGR), from -146% to 42.8%.
What does EBITDA margin mean?
EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.