NOVAVAX INC
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
NVAX$10.20-6.3%Stored close · as of Nov 10, 2026
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Item 1. Consolidated Financial Statements
Item 1. Financial Statements
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share information)
| For the Three Months EndedJune 30, | For the Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Product sales | $10,724 | $22,588 | $632,402 | $112,424 |
| Licensing, royalties, and other | 228,516 | 392,896 | 273,493 | 396,915 |
| Total revenue | 239,240 | 415,484 | 905,895 | 509,339 |
| Expenses: | ||||
| Cost of sales | 15,325 | 46,242 | 29,439 | 105,451 |
| Research and development | 79,233 | 106,946 | 168,170 | 199,625 |
| Selling, general, and administrative | 43,612 | 101,298 | 91,702 | 188,096 |
| Total expenses | 138,170 | 254,486 | 289,311 | 493,172 |
| Income from operations | 101,070 | 160,998 | 616,584 | 16,167 |
| Other income (expense): | ||||
| Interest expense | (5,518) | (4,143) | (11,241) | (8,254) |
| Other income, net | 11,902 | 7,731 | 21,957 | 11,385 |
| Income before income tax expense | 107,454 | 164,586 | 627,300 | 19,298 |
| Income tax expense | 946 | 2,205 | 2,146 | 4,467 |
| Net income | $106,508 | $162,381 | $625,154 | $14,831 |
| Net income per share: | ||||
| Basic | $0.66 | $1.09 | $3.87 | $0.10 |
| Diluted | $0.62 | $0.99 | $3.55 | $0.10 |
| Weighted average number of common shares outstanding: | ||||
| Basic | 162,019 | 148,379 | 161,536 | 144,147 |
| Diluted | 177,215 | 165,855 | 177,410 | 145,121 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(in thousands)
| For the Three Months EndedJune 30, | For the Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net income | $106,508 | $162,381 | $625,154 | $14,831 |
| Other comprehensive income (loss): | ||||
| Net unrealized gain (loss) on available-for-sale marketable securities | (139) | (150) | 450 | (150) |
| Foreign currency translation adjustment | (1,927) | 467 | 21,651 | (13,080) |
| Other comprehensive income (loss) | (2,066) | 317 | 22,101 | (13,230) |
| Comprehensive income | $104,442 | $162,698 | $647,255 | $1,601 |
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