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Novavax NVAX Cost reimbursements — Total Revenue

Other product segments

Royalties
$3.52M

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$37.03M+9.6%

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+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:Revenues.

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 cost reimbursements — total revenue?
Novavax (NVAX) reported cost reimbursements — total revenue of $27.72M in Q1 2026.
How has Novavax's cost reimbursements — total revenue changed year-over-year?
Novavax's cost reimbursements — total revenue increased by 146.1% year-over-year, from $11.27M to $27.72M.
What does cost reimbursements — total revenue mean?
This metric represents the total revenue recognized from the reimbursement of costs incurred by the company while performing research, development, or manufacturing activities on behalf of third-party partners or government entities. It reflects the financial recovery of operational expenditures associated with collaborative agreements or grant-funded programs. This revenue stream is indicative of the company's ability to leverage external funding to offset the financial burden of its clinical and commercial development pipeline.