NVAXNovavax, Inc.
$12.74+46% 1Y
$12.74
$6.2252 weeks$12.74
Latest close: a new 52-week highOct 9, 2026what changed →
The financials
Novavax, Inc. by the numbers
Novavax, Inc. (NVAX) reported revenue of $57M in Q2 2026 (quarter ended Jun 30, 2026), down 76% from the same quarter a year earlier. That came with a gross margin of 75% and net loss of $53M. For the full year FY2025, revenue was $1.12B (+65% year on year) and net income $440M. Its largest product in Q2 2026 was Licensing Royalties And Other at $38M, 62% of the disclosed total, well ahead of Supply Sales at 31%. The next results filing is expected around Nov 5, 2026, the same week as a year ago.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $57M | $239M | −76% |
| Gross profit | $42M | $224M | −81% |
| Operating income | −$55M | $101M | to a loss |
| Net income | −$53M | $107M | to a loss |
| Diluted EPS | −$0.32 | $0.62 | to a loss |
| Product | Revenue | Share |
|---|---|---|
| Licensing Royalties And Other | $38M | 62% |
| Supply Sales | $19M | 31% |
| Milestone Amortization | $3.8M | 6.1% |
| Royalty | $676K | 1.1% |
| Support Services | $265K | 0.4% |
Business segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $61.4M (-59%)
Supply Sales grew +47% year on yearUpfront Fee -100% year on year
Segment Latestquarter on quarteryear on year
- Licensing Royalties And Other$37.8M$37.8Mquarter on quarter -61%year on year -83%-61%-83%
- Supply Sales$18.9M$18.9Mquarter on quarter -42%year on year +47%-42%+47%
- Milestone Amortization$3.8M$3.8Mquarter on quarter -32%year on year -34%-32%-34%
- Royalty$676.0K$676.0Kquarter on quarter -81%year on year n/a-81%n/a
- Support Services$265.0K$265.0Kquarter on quarter +165%year on year -4.7%+165%-4.7%
- Milestone$0.00$0.00quarter on quarter n/ayear on year -100%n/a-100%
- Nuvaxovid Sales$0.00$0.00quarter on quarter -100%year on year n/a-100%n/a
- Upfront Fee$0.00$0.00quarter on quarter n/ayear on year -100%n/a-100%
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