VXRT - NASDAQ
Vaxart, Inc.
$0.60
+0.083%Vaxart, Inc., a clinical-stage biotechnology company, engages in the discovery and development of oral recombinant protein vaccines based on its proprietary oral vaccine platform. The company's product pipeline includes norovirus vaccine, an oral tablet vaccine, which is in a Phase Ib clinical trial with bivalent oral tablet vaccine for the GI.1 and GII.4 norovirus strains; seasonal influenza vaccine, which is in Phase II clinical trial for the treatment of H1 influenza infection; respiratory syncytial virus vaccine; and coronavirus vaccine, which is in Phase II clinical trial for the treatment of SARS-CoV-2 infection. It is also developing therapeutic vaccines for cervical cancer and dysplasia caused by human papillomavirus. The company is headquartered in South San Francisco, California.
At a Glance
Live SnapshotVaxart, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Working Capital Impact
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.
Cash Flow Quality Insight
Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.
Vaxart, Inc. Cash Flow Statement
VXRT • NASDAQ
| Vaxart, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
16.3M | -66.9M | -82.5M | -107.8M | -70.5M | -32.2M | -18.6M | -18M | -9.6M | -29.4M | -25.4M | -19.1M | -11M | -8.9M | -7.5M | 878K | -18.7M | -23M | -24.5M | -60M | |
8.6M | 8.9M | 8.6M | 5.8M | 4.2M | 2.7M | 3.6M | 3.2M | 380K | 100K | 100K | 1.1M | 2.4M | 3M | 237K | 376K | 502K | 574K | 1.7M | 954K | |
0.0 | 0.0 | 0.0 | 4.1M | 3.1M | 0.0 | 1.4M | 1.7M | 0.0 | 0.0 | 0.0 | 200K | -1.7M | 1.5M | 4.5M | -613K | 10.1M | 5.4M | 0.0 | 0.0 | |
8.3M | 11.5M | 14.1M | 13.6M | 8.9M | 4.4M | 627K | 539K | 477K | 1.9M | 2M | 2.1M | 1.7M | 2.6M | 2.2M | 3.9M | 2.5M | 2.7M | 0.0 | 0.0 | |
-2.9M | -1.4M | 106K | -5.8M | -3.4M | -1.4M | -1.3M | -4.5M | -2.3M | -1.4M | 100K | 17.8M | 1.7M | -7.6M | 2.5M | -514K | 10.6M | 5M | 938K | 21.6M | |
-22.6M | 3.3M | -10.9M | -4.7M | -2.1M | 2.8M | 1.3M | 2.5M | 935K | -1.2M | 9.1M | -11.5M | 3.6M | -4.5M | -12.5M | 35.3M | 11.3M | -4.2M | -4.9M | -6.6M | |
7.7M | -44.8M | -70.5M | -94.8M | -59.8M | -23.8M | -13.1M | -14.5M | -10M | -30M | -14.1M | -9.6M | -3.3M | -13.9M | -15.2M | 39.9M | 6.2M | -18.9M | -26.7M | -43.9M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-145K | -554K | -1.9M | -9.6M | -5.2M | -1.2M | -850K | -707K | -117K | -530K | -200K | -100K | -100K | -1M | -1K | -154K | -4K | -53K | -110K | -223K | |
(0.0) | (0.0) | (120K) | (10.8M) | -4.8M | (3K) | (0.0) | (25.5M) | (0.0) | (0.0) | (0.0) | (400K) | (0.0) | (32.7M) | (0.0) | (0.0) | (0.0) | (1.6M) | (176.4M) | (56.8M) | |
-19M | -54.3M | -27.5M | -55M | -44.8M | (0.0) | (0.0) | -573K | (0.0) | -36.3M | -15.3M | -17.7M | -10M | (0.0) | -11.6M | -140.3M | -91.5M | -23.9M | -29.5M | -82.3M | |
40M | 43.5M | 73.2M | 44.2M | 5.7M | 0.0 | 0.0 | 2M | 0.0 | 34.7M | 16.8M | 6.9M | 0.0 | 0.0 | 66.6M | 142.7M | 55.8M | 1.6M | 60.4M | 55M | |
-4.2M | -9.9M | 0.0 | -10.8M | 0.0 | 0.0 | 0.0 | 1.4M | 3.3M | -2.2M | -259K | -8.5M | 0.0 | 0.0 | 223K | -104K | -4K | 1.7M | 176.4M | 56.8M | |
(16.6M) | -21.3M | (44M) | -20.4M | -49.1M | -1.2M | -850K | (26.2M) | (3.2M) | -1.6M | (1.3M) | -19.4M | -10.1M | (31.7M) | (55.2M) | (2.3M) | -35.6M | -20.6M | (207.2M) | (29.3M) | |
FINANCING ACTIVITIES | ||||||||||||||||||||
4.4M | 56.8M | 15M | 17.2M | 122.2M | 111.1M | 18.4M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 26.8M | 0.0 | 663K | -42.1M | -7.4M | -19.9M | -15.8M | 1.6M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -3.8M | -1.7M | 0.0 | -400K | -300K | -100K | 0.0 | 0.0 | 0.0 | -6.1M | -10.1M | -51.6M | -34.1M | -169K | |
(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) | -42.8M | -7.9M | -20M | -16.5M | (0.0) | |
-199K | -214K | 213K | 225K | 3.6M | 27.2M | 1.4M | 13K | 24K | 0.0 | 18.1M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -106K | 757K | -2.3M | |
4.2M | 56.6M | 15.2M | 17.5M | 125.8M | 138.3M | 16M | -1.7M | 24K | -400K | 17.8M | -100K | 26.8M | 0.0 | 663K | -48.2M | -17.5M | -71.6M | -49.1M | -887K | |
CASH FLOW SUMMARY | ||||||||||||||||||||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -7.9M | 1.5M | -4.8M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
28.6M | -9.5M | -11.3M | -97.7M | 16.9M | 113.3M | 2M | 9.9M | -6.8M | -32M | 5M | -37M | 14.9M | 13M | 40.7M | -5.9M | -46.9M | -111.2M | 131.4M | -15.5M | |
25.2M | 34.8M | 46M | 143.7M | 126.9M | 13.5M | 11.5M | 1.6M | 8.4M | 49.7M | 44.7M | 81.7M | 66.8M | 53.8M | 53.6M | 59.5M | 106.4M | 217.6M | 86.2M | 101.8M | |
53.8M | 25.2M | 34.8M | 46M | 143.7M | 126.9M | 13.5M | 11.5M | 1.6M | 17.7M | 49.7M | 44.7M | 81.7M | 66.8M | 94.3M | 53.6M | 59.5M | 106.4M | 217.6M | 86.2M | |
7.6M | -45.3M | -72.3M | -104.4M | -65M | -25M | -13.9M | -15.3M | -10.2M | -30.5M | -14.3M | -9.7M | -3.4M | -14.9M | -15.2M | 39.8M | 6.2M | -19M | -26.9M | -44.1M |
SEC Filings
VXRT - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 19, 2026 | May 19, 2026 | 2026 | |
S-1/A S-1/A (Amended) N/A | May 18, 2026 | May 18, 2026 | ||
S-1 S-1 N/A | May 08, 2026 | May 08, 2026 | ||
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
10-K/A 10-K/A 2025 FY (Amended) FY | April 30, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | April 23, 2026 | April 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 21, 2026 | April 20, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 17, 2026 | April 16, 2026 | 2026 | |
S-3 S-3 N/A | April 16, 2026 | April 16, 2026 |
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