Company data sheet · Novavax
Novavax: growth far beyond its economy.
- Industry
- Biological Products,
- Headquarters
- United States
- Ticker
- NVAX (Nasdaq)
- Sources
- SEC filings (1996–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to twelve straight losses. Novavax lost money every year from 2013 to 2024: $4.6 billion in all. 2025 was its first profit in 13 years: $0.4 billion.
- It outgrew its own economy many times over. Revenue rose from $0 billion in 2016 to $1.1 billion in 2025: 73.2 times as much. The US economy, counted the same way in money terms, grew about 60%. Whatever drove it, the economy around it does not account for growth of that size.
- Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 7387% in US dollars; the median among 586 large manufacturers grew 58%. It outgrew 99% of them.
- Still smaller than it was. Revenue reached $1.1 billion in 2025, 43% below its 2022 peak of $2 billion.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $0 billion | −$0.3 billion | |
| 2017 | $0 billion | −$0.2 billion | |
| 2018 | $0 billion | −$0.2 billion | |
| 2019 | $0 billion | −$0.1 billion | |
| 2020 | $0.5 billion | −$0.4 billion | |
| 2021 | $1.1 billion | −$1.7 billion | |
| 2022 | $2 billion | −$0.7 billion | |
| 2023 | $1 billion | −$0.5 billion | |
| 2024 | $0.7 billion | −$0.2 billion | |
| 2025 | $1.1 billion | $0.4 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 80 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (33 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 953 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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