Vaxcyte, Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
PCVX$67.53+5.7%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(in thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating expenses: | |||
| Research and development | $794,306 | $476,644 | $332,341 |
| Acquired manufacturing rights (Note 7) | — | — | 75,000 |
| General and administrative | 129,369 | 92,902 | 60,700 |
| Total operating expenses | 923,675 | 569,546 | 468,041 |
| Loss from operations | (923,675) | (569,546) | (468,041) |
| Other income, net: | |||
| Interest income | 119,718 | 109,994 | 62,907 |
| Other income (expense) | 37,329 | (4,375) | 2,868 |
| Total other income, net | 157,047 | 105,619 | 65,775 |
| Net loss | $(766,628) | $(463,927) | $(402,266) |
| Net loss per share, basic and diluted | $(5.63) | $(3.80) | $(4.14) |
| Weighted-average shares outstanding, basic and diluted | 136,089,506 | 121,997,348 | 97,157,690 |
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