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Vaxcyte, Inc. PCVX Business Segments — Operating Expenses

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Other financials

Income statement

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Operating income-$345.9M-91.3%
Net income-$320.6M-128%
EPS (diluted)-$2.30-121%

Balance sheet

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Cash & equivalents$262.3M-24.7%
Total debt$116.3M+33.5%
Total equity$3.0B-6.4%
Total assets$3.3B-0.9%

Cash flow

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Operating cash flow-$280.6M-68.8%
CapEx$2.1M-61.2%
Free cash flow-$282.7M-64.7%

Valuation

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Market cap$8.07B+89.7%
Enterprise value$7.93B+96.5%

Returns & leverage

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Return on equity-30.6%+37.9pp
Debt / equity0.0×
Current ratio7.5×-10.2×

Where this comes from

Reported directly by Vaxcyte, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: Vaxcyte, Inc.’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:12 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001649094-26-000017

| Operating expenses: | | | | Research and development - external costs (1) | $256,432 | $103,806 | | Research and development - internal costs (2) | 56,347 | 44,328 | | General and administrative | 33,071 | 32,659 | | Total operating expenses | $345,850 | $180,793 | | Total other income, net | 25,228 | 40,075 | | Net loss | $320,622 | $140,718 |

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Vaxcyte, Inc.'s business segments — operating expenses?
Vaxcyte, Inc. (PCVX) reported business segments — operating expenses of $345.85M in Q1 2026.
How has Vaxcyte, Inc.'s business segments — operating expenses changed year-over-year?
Vaxcyte, Inc.'s business segments — operating expenses increased by 91.3% year-over-year, from $180.79M to $345.85M.
What is the long-term trend for Vaxcyte, Inc.'s business segments — operating expenses?
Over 3 years (2022 to 2025), Vaxcyte, Inc.'s business segments — operating expenses has grown at a 58.4% compound annual growth rate (CAGR), from $232.26M to $923.68M.
What does business segments — operating expenses mean?
This metric aggregates all costs directly related to the operational activities of the business segment, including research, development, and administrative overhead. It provides a comprehensive view of the total capital required to maintain the segment's current business model and development programs. Investors use this to evaluate the overall burn rate and operational intensity of the segment.

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