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Novavax NVAX Business Segments

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Total Revenue by Product
Cost reimbursements$22.6M+249%$27.72M+146%$28.05M+222%$45.83M+328%$6.48M
Licensing, royalties, and other$37.84M-83.4%$97.31M+116%$107.94M+271%$57M+32.6%$228.52M-41.8%
Milestones amortization$3.76M-33.6%$5.55M-39.3%$5.87M-14.4%-$645K-109%$5.67M+173%
Milestones$0-100%$50M$4.72M$175M
Royalties$700K-86.0%$3.52M$7.8M+271%$4.2M-8.0%$5M
Support services$265K-4.7%$100K$250K-57.1%$272K-23.2%$278K
Upfront fee amortization$8.73M-28.9%$12.11M-39.2%$12.82M-13.4%-$1.08M-107%$12.27M+168%
Upfront fee$0-100%$0-100%$18.5M-95.2%
Revenue from Contract with Customer, Excluding Assessed Tax by Geography
Canada$0$0-100%$0$0
Europe$1.12M-69.2%$20.15M+149%$3.37M+59.9%$655K-63.9%$3.63M+414%
Rest of the world$17.14M-54.2%$23.28M-46.5%$32.52M+76.4%$13.01M+12.1%$37.43M+84.6%
United States$38.44M-80.6%$96.09M+144%$111.24M+75.7%$56.78M-20.1%$198.18M-49.8%

FAQ

How does Novavax break its business down?
Novavax (NVAX) reports total revenue by product across 8 parts — Cost reimbursements, Licensing, royalties, and other, Milestones amortization, Milestones and Royalties. Each is extracted from the segment footnotes and tracked over time.
Where does Novavax's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Novavax's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.