NVAXNovavax, Inc.

$9.22

Is it safe?

Can NVAX take a bad year?

Novavax, Inc. holds $499M more cash than debt, and is burning $24M a quarter, about 8.2 years of cover.

$499M

Net cash

Net debt / EBITDA
net cash

Net debt / EBITDA · no net borrowings to measure against earnings

Altman Z-score
-2.03

Altman Z-score · distress zone, below 1.8

Cash runway
5+ years

Cash runway · burning $24M a quarter at the current rate

Details
Total debtQ1 2026
$291M
Cash and short-term investments
$790M
Net cash
$499M
EBITDA, trailing twelve months
−$56M
Operating profit, trailing twelve months
−$78M
Annualised volatilitytwo years of daily moves
75%
Worst drawdown on file
−99%
Below its 52-week high
−18%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.