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Novavax NVAX Transition Services — Total licensing, royalties, and other revenue

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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+35.6%
Enterprise value$1.53B+76.9%
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 nvax:LicensingRoyaltiesAndOtherRevenue.

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 transition services — total licensing, royalties, and other revenue?
Novavax (NVAX) reported transition services — total licensing, royalties, and other revenue of $45.4M in Q1 2026.
How has Novavax's transition services — total licensing, royalties, and other revenue changed year-over-year?
Novavax's transition services — total licensing, royalties, and other revenue increased by 12.7% year-over-year, from $40.3M to $45.4M.
What does transition services — total licensing, royalties, and other revenue mean?
This metric represents the total revenue generated from licensing intellectual property, royalty payments, and ancillary service agreements within the transition services segment. It reflects the company's ability to monetize its proprietary technology and partnerships without direct product sales. This is a key indicator of the segment's capacity to generate recurring, high-margin income streams.