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Novavax NVAX Total Revenue

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Segments

By product

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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%

By geography

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Rest of North America$575.67M+12,802%
Rest of the world$17.14M-54.2%
Europe$1.12M-69.2%

By segment

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Reportable Segment$56.7M-76.3%

Other financials

Income statement

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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 itemFor the Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025For the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025
Revenue:
Product sales$18,854$10,724$61,054$632,402
Licensing, royalties, and other37,844228,516135,158273,493
Total revenue56,698239,240196,212905,895
Expenses:
Cost of sales14,24615,32544,94129,439
Research and development70,69379,233166,165168,170
Selling, general, and administrative26,66543,61255,44291,702

Item 1. Consolidated Financial Statements

FAQ

What is Novavax's total revenue?
Novavax (NVAX) reported total revenue of $56.7M in Q2 2026.
How has Novavax's total revenue changed year-over-year?
Novavax's total revenue decreased by 76.3% year-over-year, from $239.24M to $56.7M.
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.

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