NVAX - NASDAQ
Novavax, Inc.
$10.20
-2.9%Novavax, Inc., a biotechnology company, focuses on the discovery, development, and commercialization of vaccines to prevent serious infectious diseases and address health needs. The company's vaccine candidates include NVX-CoV2373, a coronavirus vaccine candidate that is in two Phase III trials, one Phase IIb trial, and one Phase I/II trial; NanoFlu, a nanoparticle seasonal quadrivalent influenza vaccine candidate that is in Phase 3 clinical trial; and ResVax, a respiratory syncytial virus (RSV) fusion (F) protein nanoparticle vaccine candidate. It is also developing RSV F vaccine that is in Phase II clinical trial for older adults (60 years and older), as well as that is in Phase I clinical trial for pediatrics. It has a collaboration agreement with Takeda Pharmaceutical Company Limited for the development, manufacturing, and commercialization of NVX-CoV2373, a COVID-19 vaccine candidate. Novavax, Inc. was incorporated in 1987 and is headquartered in Gaithersburg, Maryland.
At a Glance
Live SnapshotNovavax, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.
Cash Flow Quality Insight
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
Novavax, Inc. Cash Flow Statement
NVAX • NASDAQ
| Novavax, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
440.3M | -187.5M | -545.1M | -657.9M | -1.7B | -418.3M | -132.7M | -184.7M | -183.8M | -280M | -156.9M | -82.9M | -52M | -28.5M | -19.4M | -35.7M | -38.4M | -36.3M | -28.6M | -23.1M | |
27.6M | 48.5M | 41.2M | 29.1M | 12.7M | 4.9M | 5.7M | 8.2M | 9.8M | 8.5M | 6M | 4.4M | 2.6M | 1.7M | 1.6M | 1.4M | 1.2M | 893K | -1M | 2.7M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -8.9M | -55K | 269K | 374K | 681K | -81K | -299K | -1M | 20M | 444K | 903K | 5.4M | -2.8M | -2.3M | |
36M | 48.2M | 85.4M | 130.3M | 183.6M | 128M | 17M | 18.3M | 19.8M | 19.2M | 13.4M | 6.1M | 2.5M | 2.1M | 2M | 1.3M | 1.5M | 2.1M | 1.8M | 2.3M | |
139.1M | -44.9M | 81.3M | 443.8M | 136.8M | 230.8M | 6.3M | -5.4M | 6.1M | 3.9M | 3.5M | 375K | 1.9M | 5M | -22.2M | -2M | -279K | 2.3M | 3.3M | 2.9M | |
(0.0) | (949K) | (190K) | (18M) | (12.6M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-887.7M | 48.5M | -376.8M | -361.2M | 1.7B | 12M | -24M | -21.1M | 9.1M | -7.5M | 7.2M | 5.1M | -55K | 2.5M | -5.8M | 1.7M | 2.2M | 1.3M | 559K | 2.7M | |
-244.6M | -87.3M | -714M | -415.9M | 322.9M | -42.5M | -136.6M | -184.8M | -138.7M | -255.5M | -126.1M | -67M | -45.4M | -18.2M | -23.6M | -32.9M | -32.8M | -24.3M | -26.7M | -14.8M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-5.6M | -14.6M | -58.8M | -93M | -57.5M | -54.6M | -1.9M | -1.4M | -4.2M | -18.2M | -18.3M | -7.3M | -5.8M | -4.3M | -610K | -1.6M | -745K | -5.7M | -2M | -1.5M | |
(0.0) | (192.6M) | (0.0) | (0.0) | (57.5M) | -165.5M | (18.3M) | (1.4M) | (4.2M) | (18.2M) | (18.3M) | (7.3M) | (3M) | (4.3M) | (610K) | (745K) | (0.0) | (5.7M) | (0.0) | (0.0) | |
-445.3M | -825.6M | (0.0) | (0.0) | -2.2M | -363.2M | -17.5M | -120.2M | -218M | -356.6M | -228.5M | -176.5M | -14.8M | -48.7M | -2.1M | -38.7M | (0.0) | -15.7M | -95M | -121.5M | |
353.7M | 443.6M | 0.0 | 0.0 | 159.8M | 205.6M | 39.5M | 150.1M | 258.2M | 402.8M | 225.5M | 53.9M | 33.8M | 20.4M | 21.2M | 19M | 3.1M | 49.8M | 121.6M | 56.2M | |
18.8M | 0.0 | 0.0 | 0.0 | -57.5M | 0.0 | 40.3M | -1.4M | -4.2M | -18.2M | -18.3M | -7.2M | 116K | -4M | -610K | -745K | 0.0 | -4.2M | -3K | 0.0 | |
-78.3M | -204M | -58.8M | -93M | (100.2M) | -377.8M | (38.5M) | (28.6M) | (36M) | (28M) | -21.3M | -129.8M | (16.4M) | -32.3M | (18.5M) | -21.3M | (2.4M) | (29.9M) | (24.7M) | -66.8M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-4.8M | 263.3M | 360.2M | 249.2M | 564.9M | 875.6M | 97.4M | 100.1M | 63.4M | 3.8M | 204.3M | 107.9M | 128.6M | 54M | 11M | 23.1M | 56.4M | 17.5M | 89K | 57.6M | |
32.5M | -4M | -352.3M | 81.7M | -127.9M | -96.1M | 0.0 | 0.0 | -37K | 324.5M | -667K | -795K | 890K | 486K | -80K | -86K | -15M | -840K | -809K | -715K | |
-4.8M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -94K | |
0.0 | 1.3M | -3.6M | -5.9M | 24.8M | 5.4M | 992K | 2.7M | 1.2M | -49.3M | 4.7M | 2.6M | 1.5M | -702K | 229K | 426K | 952K | 329K | 0.0 | 0.0 | |
27.7M | 260.6M | 4.5M | 325M | 461.7M | 984.8M | 98.4M | 102.8M | 64.5M | 279M | 208.3M | 109.7M | 131M | 53.8M | 11.1M | 23.4M | 42.3M | 17M | -720K | 56.9M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
5.9M | -7.8M | 3.3M | 4.5M | -5.3M | 2.1M | -32K | -48K | 142K | -335K | -150K | -6K | 4K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
-289.2M | -38.5M | -765M | -179.4M | 879.5M | 566.6M | 221K | -53.5M | -38M | 51.2M | 60.8M | -87.1M | 102.1M | 3.3M | 6M | -30.7M | 11.8M | 22.6M | -2.8M | -24.7M | |
545.3M | 583.8M | 1.3B | 1.5B | 648.7M | 82.2M | 82M | 135.4M | 144.4M | 93.1M | 32.3M | 119.5M | 17.4M | 14.1M | 8.1M | 38.8M | 26.9M | 4.4M | 7.2M | 31.9M | |
256.1M | 545.3M | 583.8M | 1.3B | 1.5B | 648.7M | 82.2M | 82M | 106.3M | 144.4M | 93.1M | 32.3M | 119.5M | 17.4M | 14.1M | 8.1M | 38.8M | 26.9M | 4.4M | 7.2M | |
-250.2M | -100.3M | -772.8M | -508.9M | 265.5M | -97.2M | -138.5M | -186.2M | -142.9M | -273.7M | -144.4M | -74.3M | -51.1M | -22.6M | -24.2M | -34.4M | -33.6M | -30M | -28.7M | -16.3M |
SEC Filings
NVAX - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 06, 2026 | May 06, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 06, 2026 | March 31, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 27, 2026 | June 18, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 26, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 20, 2026 | January 15, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 12, 2026 | January 12, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 06, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 06, 2025 | November 06, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 04, 2025 | November 03, 2025 | 2025 |
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