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Novavax NVAX Provision for excess and obsolete inventory

Provision for excess and obsolete inventory at other companies

Flotek Industries logo
Flotek IndustriesFTK
$396K+519%
Axcelis Technologies logo
Axcelis TechnologiesACLS
$950K+8.6%
Glaukos logo
GlaukosGKOS
$334.75K+102%
Tempus AI, Inc. logo
Tempus AI, Inc.TEM
$225K
CryoPort, Inc. logo
CryoPort, Inc.CYRX
$98K-32.4%
Ondas, Inc.
 logo
Ondas, Inc. ONDS
$230.75K+663%

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 nvax:ProvisionForExcessAndObsoleteInventory.

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 provision for excess and obsolete inventory?
Novavax (NVAX) reported provision for excess and obsolete inventory of $0 in Q1 2026.
How has Novavax's provision for excess and obsolete inventory changed year-over-year?
Novavax's provision for excess and obsolete inventory decreased by 100.0% year-over-year, from $276K to $0.
What is the long-term trend for Novavax's provision for excess and obsolete inventory?
Over 3 years (2022 to 2025), Novavax's provision for excess and obsolete inventory has grown at a -83.7% compound annual growth rate (CAGR), from $447.6M to $1.95M.
What does provision for excess and obsolete inventory mean?
Reflects the non-cash expense recorded to write down inventory that is no longer expected to be sold or used in production due to expiration, technological obsolescence, or changes in demand. High levels of this provision often signal risks in supply chain management or product lifecycle planning. It serves as a key indicator of inventory quality and potential future margin pressure.