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Novavax NVAX Supply sales — Total Revenue

Other product segments

Licensing, royalties, and other
$37.84M-83.4%
Cost reimbursements
$22.6M+249%
Upfront fee amortization
$8.73M-28.9%
Milestones amortization
$3.76M-33.6%
Royalties
$700K-86.0%
Support services
$265K-4.7%
Milestones
$0-100%
Upfront fee
$0-100%

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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%
CapEx$588.0K+11.6%
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:Revenues.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Product sales
Nuvaxovid™ sales(1)$(2,093)$9,558$605,931
Supply sales(2)18,85412,81751,49626,471
Total Product sales$18,854$10,724$61,054$632,402

Item 1. Consolidated Financial Statements

FAQ

What is Novavax's supply sales — total revenue?
Novavax (NVAX) reported supply sales — total revenue of $18.85M in Q2 2026.
How has Novavax's supply sales — total revenue changed year-over-year?
Novavax's supply sales — total revenue increased by 47.1% year-over-year, from $12.82M to $18.85M.
What is the long-term trend for Novavax's supply sales — total revenue?
Over 2 years (2023 to 2025), Novavax's supply sales — total revenue has grown at a 90.5% compound annual growth rate (CAGR), from $16.5M to $59.86M.
What does supply sales — total revenue mean?
This metric represents the total gross revenue generated from the direct sale and distribution of vaccine products or related biological supplies to customers. It reflects the commercial performance and market adoption of the company's clinical-stage or approved vaccine portfolio. Monitoring this revenue stream provides insight into the company's ability to monetize its biotechnology research and transition from development to commercial-scale operations.

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