What is Novavax's total revenue?

Novavax (NVAX) reported total revenue of $139.51M in Q1 2026.

How has Novavax's total revenue changed year-over-year?

Novavax's total revenue decreased by 79.1% year-over-year, from $666.66M to $139.51M.

What is the long-term trend for Novavax's total revenue?

Over 4 years (2021 to 2025), Novavax's total revenue has grown at a -0.5% compound annual growth rate (CAGR), from $1.15B to $1.12B.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

Novavax NVAX Total Revenue

Total Revenue at other companies

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$389M+260%

Merck & Co.MRK

$16.29B+4.9%

Viridian Therapeutics, Inc.VRDN

$141K+95.8%

ALN

Alnylam PharmaceuticalsALNY

$1.17B+96.4%

Gilead SciencesGILD

$6.96B+4.4%

Nektar TherapeuticsNKTR

$10.86M+3.8%

Segments

By geography

See full

Rest of North America$575.67M+12,802%

Rest of the world$23.28M-46.5%

Europe$20.15M+149%

By segment

See full

Reportable Segment$139.51M-79.1%

By product

See full

Royalties$3.52M—

Other financials

Income statement

See full

Gross profit$108.8M-83.3%

Operating income-$15.4M-103%

Net income-$9.5M-102%

EPS (diluted)-$0.06-102%

Balance sheet

See full

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

See full

Operating cash flow-$32.4M+82.5%

CapEx$1.3M-20.4%

Free cash flow-$33.7M+82.0%

Valuation

See full

Market cap$1.46B+28.6%

Enterprise value$1.53B+68.6%

P/S2.5×+1.5×

Profitability

See full

Gross margin85%-2.5pp

Operating margin-13.1%-45.9pp

Net margin-14.7%-52.9pp

FCF margin-58.9%-61.4pp

Returns & leverage

See full

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:Revenues.

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 total revenue?: Novavax (NVAX) reported total revenue of $139.51M in Q1 2026.
How has Novavax's total revenue changed year-over-year?: Novavax's total revenue decreased by 79.1% year-over-year, from $666.66M to $139.51M.
What is the long-term trend for Novavax's total revenue?: Over 4 years (2021 to 2025), Novavax's total revenue has grown at a -0.5% compound annual growth rate (CAGR), from $1.15B to $1.12B.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.