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Novavax NVAX Business Segments — Cost of Sales

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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:CostOfRevenue.

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 business segments — cost of sales?
Novavax (NVAX) reported business segments — cost of sales of $30.7M in Q1 2026.
How has Novavax's business segments — cost of sales changed year-over-year?
Novavax's business segments — cost of sales increased by 117.5% year-over-year, from $14.12M to $30.7M.
What is the long-term trend for Novavax's business segments — cost of sales?
Over 3 years (2022 to 2025), Novavax's business segments — cost of sales has grown at a -56.7% compound annual growth rate (CAGR), from $902.64M to $73.04M.
What does business segments — cost of sales mean?
Includes the direct costs attributable to the production and delivery of goods or services sold by the reportable segment. Monitoring this metric is essential for evaluating the segment's gross margin efficiency and the direct impact of manufacturing or supply chain costs on profitability.