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Vaxcyte, Inc. (PCVX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Vaxcyte, Inc. (PCVX) stock price & volume — 10-year historical chart
Vaxcyte, Inc. (PCVX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Vaxcyte, Inc. (PCVX) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 24, 2026 | $1.80vs $1.53-17.7% | —vs $19M |
| Q4 2025 | Nov 4, 2025 | $1.56vs $1.27-22.8% | — |
| Q3 2025 | Aug 6, 2025 | $1.22vs $1.12-8.9% | — |
| Q2 2025 | May 7, 2025 | $1.04vs $1.02-2.0% | — |
Vaxcyte, Inc. (PCVX) competitors in Vaccines and Infectious Disease — business model, growth, and fundamentals comparison
Vaxcyte, Inc. (PCVX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Vaxcyte, Inc. (PCVX) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | 1.04M | 1.23M | 1.41M | 0 | 0 | 0 | 0 | 0 | 0 |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 0▲ 0% | -1.04M▲ 0% | -1.23M▼ 18.8% | -1.41M▼ 14.0% | 0▲ 100.0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% |
| Gross Margin % | - | - | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | -18.8% | -14.04% | 100% | - | - | - | - | - |
| Operating Expenses | 17.4M | 35.53M | 52.92M | 88.18M | 103.67M | 232.26M | 468.04M | 569.55M | 923.67M | 1.09B |
| OpEx % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 5.05M | 5.39M | 7.31M | 14.61M | 25.26M | 39.81M | 60.7M | 92.9M | 129.37M | 129.78M |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 12.79M | 30.14M | 45.61M | 73.56M | 78.41M | 169.45M | 332.34M | 476.64M | 794.31M | 958.95M |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 5.18M | 0 | 0 | 0 | 23M | 75M | 0 | 0 | 0 |
| Operating Income | -17.83M▲ 0% | -35.53M▼ 99.3% | -54.15M▼ 52.4% | -89.58M▼ 65.4% | -103.67M▼ 15.7% | -232.26M▼ 124.0% | -468.04M▼ 101.5% | -569.55M▼ 21.7% | -923.67M▼ 62.2% | -1.09B▲ 0% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - |
| Operating Income Growth % | - | -99.25% | -52.4% | -65.42% | -15.73% | -124.03% | -101.52% | -21.69% | -62.18% | - |
| EBITDA | -17.21M | -34.5M | -52.92M | -88.18M | -100.21M | -222.8M | -457.87M | -553.7M | -898.82M | -1.07B |
| EBITDA Margin % | - | - | - | - | - | - | - | - | - | - |
| EBITDA Growth % | - | -100.46% | -53.41% | -66.62% | -13.65% | -122.33% | -105.5% | -20.93% | -62.33% | -72.87% |
| D&A (Non-Cash Add-back) | 625K | 1.04M | 1.23M | 1.41M | 3.46M | 9.45M | 10.17M | 15.85M | 24.86M | 19.99M |
| EBIT | -17.83M | -29.41M | -50.23M | -89.21M | -100.07M | -223.48M | -402.27M | -463.93M | -766.63M | -625.91M |
| Net Interest Income | 0 | 828K | 592K | 237K | 337K | 8.35M | 62.91M | 109.99M | 119.72M | 86.78M |
| Interest Income | 164K | 903K | 632K | 244K | 344K | 8.36M | 62.91M | 109.99M | 119.72M | 113.39M |
| Interest Expense | 0 | 75K | 40K | 7K | 7K | 2K | 0 | 0 | 0 | 0 |
| Other Income/Expense | 595K | 6.05M | 3.88M | 364K | 3.59M | 8.77M | 65.78M | 105.62M | 157.05M | 142.2M |
| Pretax Income | -17.24M▲ 0% | -29.48M▼ 71.0% | -50.27M▼ 70.5% | -89.22M▼ 77.5% | -100.08M▼ 12.2% | -223.49M▼ 123.3% | -402.27M▼ 80.0% | -463.93M▼ 15.3% | -766.63M▼ 65.2% | -946.53M▲ 0% |
| Pretax Margin % | - | - | - | - | - | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -17.24M▲ 0% | -29.48M▼ 71.0% | -50.27M▼ 70.5% | -89.22M▼ 77.5% | -100.08M▼ 12.2% | -223.49M▼ 123.3% | -402.27M▼ 80.0% | -463.93M▼ 15.3% | -766.63M▼ 65.2% | -946.53M▲ 0% |
| Net Margin % | - | - | - | - | - | - | - | - | - | - |
| Net Income Growth % | - | -71.05% | -70.51% | -77.46% | -12.17% | -123.31% | -80% | -15.33% | -65.25% | -85.73% |
| Net Income (Continuing) | -17.24M | -29.48M | -50.27M | -89.22M | -100.08M | -223.49M | -402.27M | -463.93M | -766.63M | -946.53M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -4.83▲ 0% | -8.12▼ 68.1% | -14.10▼ 73.6% | -2.97▲ 78.9% | -1.93▲ 35.0% | -3.44▼ 78.2% | -4.14▼ 20.3% | -3.80▲ 8.2% | -5.63▼ 48.2% | -6.78▲ 0% |
| EPS Growth % | - | -68.12% | -73.65% | 78.94% | 35.02% | -78.24% | -20.35% | 8.21% | -48.16% | -68.46% |
| EPS (Basic) | -4.84 | -8.12 | -14.10 | -2.97 | -1.93 | -3.44 | -4.14 | -3.80 | -5.63 | - |
| Diluted Shares Outstanding | 3.57M | 3.63M | 3.8M | 29.55M | 51.92M | 64.88M | 97.16M | 122M | 136.09M | 139.51M |
| Basic Shares Outstanding | 3.56M | 3.63M | 3.79M | 29.55M | 51.92M | 64.88M | 97.16M | 122M | 136.09M | 139.51M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Vaxcyte, Inc. (PCVX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 36.35M | 66.67M | 61.72M | 389M | 256.35M | 942.55M | 1.1B | 1.79B | 1.63B | 1.81B |
| Cash & Short-Term Investments | 36.14M | 66.09M | 58.98M | 386.2M | 245.97M | 931.38M | 1.08B | 1.75B | 1.56B | 1.74B |
| Cash Only | 36.14M | 66.09M | 58.98M | 386.2M | 68.98M | 834.66M | 397.45M | 387.88M | 173.96M | 260.84M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 176.99M | 96.72M | 682.78M | 1.36B | 1.39B | 1.48B |
| Accounts Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 3.61M | 20.66M | 46.56M | 0 |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 5.96M | 20.11M | 2.8M | 76.31M |
| Total Non-Current Assets | 3.28M | 4.13M | 3.98M | 3.82M | 67.99M | 63.62M | 311.96M | 1.72B | 1.42B | 1.53B |
| Property, Plant & Equipment | 2.97M | 3.41M | 3.39M | 3.27M | 35.91M | 31.65M | 110.62M | 270.15M | 491.72M | 373.8M |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | 0.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 27.12M | 26.55M | 162.68M | 1.39B | 883.13M | 4.01B |
| Other Non-Current Assets | 311K | 723K | 584K | 550K | 4.96M | 5.43M | 38.66M | 65.68M | 508K | 360.8M |
| Total Assets | 39.63M▲ 0% | 70.8M▲ 78.7% | 65.7M▼ 7.2% | 392.83M▲ 497.9% | 324.34M▼ 17.4% | 1.01B▲ 210.2% | 1.41B▲ 39.9% | 3.51B▲ 149.4% | 3.05B▼ 13.3% | 3.35B▲ 0% |
| Asset Turnover | - | - | - | - | - | - | - | - | - | 0.00x |
| Asset Growth % | - | 78.65% | -7.21% | 497.93% | -17.43% | 210.23% | 39.93% | 149.4% | -13.25% | 33.32% |
| Total Current Liabilities | 4.26M | 6.71M | 11.05M | 46.86M | 28.72M | 40.52M | 145.34M | 140.18M | 205.75M | 242.08M |
| Accounts Payable | 1.81M | 2.83M | 3.38M | 29.79M | 6.76M | 9.79M | 14.59M | 48.45M | 70.9M | 63.06M |
| Days Payables Outstanding | - | 996.09 | 1K | 7.74K | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.12M | 6.08M |
| Deferred Revenue (Current) | 0 | -297K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 850K | 2.4M | 433K | 298K | 3.46M | 1.18M | 11.06M | 20.55M | 105.72M | 236M |
| Current Ratio | 8.53x | 9.93x | 5.58x | 8.30x | 8.93x | 23.26x | 7.54x | 12.75x | 7.91x | 7.91x |
| Quick Ratio | 8.53x | 9.93x | 5.58x | 8.30x | 8.93x | 23.26x | 7.54x | 12.75x | 7.91x | 7.91x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 4.43M | 121.82M | 161.02M | 122K | 11.6M | 12.04M | 22.11M | 65.32M | 154.7M | 110.21M |
| Long-Term Debt | 3.76M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111.36M | 110.21M |
| Capital Lease Obligations | 458K | 161K | 0 | 0 | 11.51M | 12.03M | 22.11M | 65.22M | 111.36M | 269.57M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43.25M | 43.25M |
| Other Non-Current Liabilities | 212K | 121.66M | 161.02M | 122K | 96K | 9K | 0 | 100K | -111.26M | -111.26M |
| Total Liabilities | 8.69M | 128.53M | 172.07M | 46.98M | 40.32M | 52.56M | 167.45M | 205.5M | 360.45M | 352.29M |
| Total Debt | 4.5M | 458K | 161K | 0 | 16.78M | 17.94M | 29.22M | 71.11M | 228.84M | 116.3M |
| Net Debt | -31.64M | -65.63M | -58.81M | -386.2M | -52.2M | -816.72M | -368.23M | -316.77M | 54.88M | -144.55M |
| Debt / Equity | 0.15x | - | - | - | 0.06x | 0.02x | 0.02x | 0.02x | 0.09x | 0.09x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.11x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 0.14x |
| Interest Coverage | - | -392.13x | -1255.85x | -12744.29x | -14295.71x | -111741.50x | - | - | - | - |
| Total Equity | 30.94M▲ 0% | -57.73M▼ 286.6% | -106.37M▼ 84.3% | 345.84M▲ 425.1% | 284.02M▼ 17.9% | 953.61M▲ 235.8% | 1.24B▲ 30.1% | 3.31B▲ 166.5% | 2.69B▼ 18.8% | 3B▲ 0% |
| Equity Growth % | - | -286.59% | -84.27% | 425.12% | -17.88% | 235.76% | 30.08% | 166.5% | -18.76% | 14.15% |
| Book Value per Share | 8.68 | -15.90 | -28.03 | 11.71 | 5.47 | 14.70 | 12.77 | 27.10 | 19.73 | 21.48 |
| Total Shareholders' Equity | 30.94M | -57.73M | -106.37M | 345.84M | 284.02M | 953.61M | 1.24B | 3.31B | 2.69B | 3B |
| Common Stock | 6K | 6K | 7K | 54K | 56K | 82K | 98K | 128K | 134K | 147K |
| Retained Earnings | -29.59M | -59.07M | -109.35M | -198.56M | -298.64M | -522.13M | -924.39M | -1.39B | -2.15B | -2.48B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -1.75M | 0 | 0 | -241K | -361K | 179K | -3.87M | 1.59M | -6.83M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Vaxcyte, Inc. (PCVX) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -14.96K | -30.47M | -47.15M | -46.63M | -121.39M | -170.6M | -296.79M | -452.63M | -655.58M | -655.58M |
| Operating CF Margin % | - | - | - | - | - | - | - | - | - | - |
| Operating CF Growth % | - | -203508.9% | -54.75% | 1.1% | -160.34% | -40.53% | -73.97% | -52.51% | -44.84% | -306.46% |
| Net Income | -17.24K | -29.48M | -50.27M | -89.22M | -100.08M | -223.49M | -402.27M | -463.93M | -766.63M | -946.53M |
| Depreciation & Amortization | 625 | 1.04M | 1.23M | 1.41M | 3.46M | 9.45M | 10.17M | 15.85M | 24.86M | 25.84M |
| Stock-Based Compensation | 390 | 749K | 1.19M | 5.43M | 10.73M | 23.65M | 48.76M | 84.82M | 138.84M | 146.19M |
| Deferred Taxes | 0 | 51K | 0 | 301K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 260 | -4.71M | -3.2M | 179K | 1.5M | 7.05M | -34.77M | -34.47M | -72.56M | -64.85M |
| Working Capital Changes | 1K | 1.9M | 3.91M | 35.27M | -37.01M | 12.74M | 81.32M | -54.9M | 19.91M | 69.42M |
| Change in Receivables | 0 | 1.27M | 868K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | -1.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 1.27M | 868K | 26.1M | -12.47M | 2.9M | 11.22M | 34.58M | 19.91M | 48.8M |
| Cash from Investing | -1.12K | -1.77M | -1.2M | -1.1M | -212.31M | 74.58M | -773.31M | -2.01B | 437.35M | 80.63M |
| Capital Expenditures | -1.22K | -1.77M | -1.2M | -1.16M | -6.55M | -5.84M | -67.88M | -22.43M | -13.71M | 10.93M |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | 0 | 1K | 0 | 50K | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 106 | 1K | 0 | 0 | 26K | 0 | 0 | -96.73M | -43.26M | -55.95M |
| Cash from Financing | 43.86K | 62.19M | 41.57M | 374.87M | 17.8M | 861.55M | 639.81M | 2.45B | 2.01M | 602.84M |
| Debt Issued (Net) | -188K | -283K | -278K | -61K | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 62.34M | 42.5M | 373.89M | 13.9M | 856.48M | 636.04M | 2.44B | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 231.86K | 128K | -655K | 1.04M | 3.9M | 5.07M | 3.77M | 12.85M | 2.01M | 602.84M |
| Net Change in Cash | 27.78K▲ 0% | 29.95M▲ 107715.0% | -7.11M▼ 123.8% | 327.22M▲ 4699.7% | -316.34M▼ 196.7% | 765.67M▲ 342.0% | -436.97M▼ 157.1% | -9.36M▲ 97.9% | -213.77M▼ 2184.1% | -85.86M▲ 0% |
| Free Cash Flow | -16.18K▲ 0% | -32.24M▼ 199096.8% | -48.34M▼ 49.9% | -47.78M▲ 1.2% | -127.95M▼ 167.8% | -176.44M▼ 37.9% | -364.67M▼ 106.7% | -475.05M▼ 30.3% | -669.29M▼ 40.9% | -759M▲ 0% |
| FCF Margin % | - | - | - | - | - | - | - | - | - | - |
| FCF Growth % | - | -199096.79% | -49.94% | 1.15% | -167.77% | -37.9% | -106.68% | -30.27% | -40.89% | -26.5% |
| FCF per Share | -0.00 | -8.88 | -12.74 | -1.62 | -2.46 | -2.72 | -3.75 | -3.89 | -4.92 | -4.92 |
| FCF Conversion (FCF/Net Income) | 0.00x | 1.03x | 0.94x | 0.52x | 1.21x | 0.76x | 0.74x | 0.98x | 0.86x | 0.80x |
| Interest Paid | 0 | 0 | 40K | 0 | 7K | 2K | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Vaxcyte, Inc. (PCVX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -74.51% | -31.78% | -36.12% | -36.67% | -20.41% | -25.59% | -32.51% |
| Return on Invested Capital (ROIC) | - | - | - | -81.22% | -94.49% | -69.57% | -22.13% | -24.18% | -24.18% |
| Debt / Equity | - | - | - | 0.06x | 0.02x | 0.02x | 0.02x | 0.09x | 0.09x |
| Interest Coverage | -392.13x | -1255.85x | -12744.29x | -14295.71x | -111741.50x | - | - | - | - |
| FCF Conversion | 1.03x | 0.94x | 0.52x | 1.21x | 0.76x | 0.74x | 0.98x | 0.86x | 0.80x |
Vaxcyte, Inc. (PCVX) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 6, 2026·SEC
Feb 24, 2026·SEC
Feb 24, 2026·SEC
Vaxcyte, Inc. (PCVX) stock FAQ — growth, dividends, profitability & financials explained
Vaxcyte, Inc. (PCVX) grew revenue by 0.0% over the past year. Growth has been modest.
Vaxcyte, Inc. (PCVX) reported a net loss of $946.5M for fiscal year 2025.
Vaxcyte, Inc. (PCVX) has a return on equity (ROE) of -25.6%. Negative ROE indicates the company is unprofitable.
Vaxcyte, Inc. (PCVX) had negative free cash flow of $759.0M in fiscal year 2025, likely due to heavy capital investments.
Vaxcyte, Inc. (PCVX) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates