Novavax Inc
NASDAQ: NVAX · HEALTHCARE · BIOTECHNOLOGY
Updated 2026-06-05
Novavax Inc (NVAX) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $4.68M | $-23.07M | -38.22% | -525.45% | -492.59% |
| 2007 | $1.51M | $-34.77M | 85.39% | -2,000.73% | -2,297.75% |
| 2008 | $1.06M | $-36.05M | 100.00% | -3,229.32% | -3,388.06% |
| 2009 | $325000.00 | $-38.37M | 100.00% | -11,502.46% | -11,807.38% |
| 2010 | $343000.00 | $-35.71M | 100.00% | -11,222.74% | -10,410.50% |
| 2011 | $14.69M | $-19.36M | 52.32% | -146.92% | -131.84% |
| 2012 | $22.08M | $-28.51M | 33.45% | -134.38% | -129.13% |
| 2013 | $20.91M | $-51.98M | 60.69% | -250.70% | -248.54% |
| 2014 | $30.66M | $-82.95M | 51.12% | -272.97% | -270.55% |
| 2015 | $36.25M | $-156.94M | -348.67% | -433.75% | -432.93% |
| 2016 | $15.35M | $-279.97M | -1,449.79% | -1,752.84% | -1,823.53% |
| 2017 | $31.18M | $-183.77M | 100.00% | -550.78% | -589.46% |
| 2018 | $34.29M | $-184.75M | 100.00% | -507.23% | -538.81% |
| 2019 | $18.66M | $-130.10M | -510.02% | -646.13% | -697.15% |
| 2020 | $475.60M | $-427.50M | 100.00% | -87.62% | -89.89% |
| 2021 | $1.15B | $-1.74B | 100.00% | -147.13% | -152.12% |
| 2022 | $1.60B | $-657.94M | 43.55% | -40.32% | -41.15% |
| 2023 | $556.38M | $-545.06M | 38.21% | -101.82% | -97.97% |
| 2024 | $682.16M | $-187.50M | 70.28% | -36.49% | -27.49% |
| 2025 | $1.12B | $440.30M | 93.67% | 50.14% | 39.19% |
Frequently asked questions
What is Novavax Inc's revenue?
Novavax Inc's trailing twelve-month revenue is $596.34M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is NVAX?
In its most recent fiscal year, NVAX ran a gross margin of 93.67%, an operating margin of 50.14%, and a net margin of 39.19%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does NVAX generate?
NVAX produced $-250.19M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is NVAX's balance sheet healthy?
NVAX holds $240.63M in cash and equivalents against $244.21M in long-term debt, on $-127.75M of shareholder equity. That debt is best read against the cash flow the business throws off each year.