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VXRTVaxart, Inc.
$0.37$90M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
VXRT logo

Vaxart, Inc.

VXRT
NASDAQ · Vaccines & Infectious Disease
$0.37
At close - Nov 6, 4:00 PM EST - USD
Market Cap$90M
P/E3.1x
52W High$0.84
Volume311.37K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Grant Dependency Masks Underlying Clinical Burn Rate

Vaxart's financial profile is defined by extreme revenue volatility, as evidenced by the sharp decline from $104.2 million in 2025Q4 to $39.2 million in 2026Q1, driven by a reliance on non-recurring government grants rather than commercial product sales.

GrowthMixed
ProfitabilityNegative
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

VXRT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-91% Peers

P/E is 91% below peer median

03

Market leadership

RS 16 · Lag

Laggard (Underperforming 84% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 5

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
VXRT+2.78%
S&P 500 (^GSPC)+7.63%
1-Year Return
VXRT-2.63%
S&P 500 (^GSPC)+9.69%
3-Year Return
VXRT-48.25%
S&P 500 (^GSPC)+68.76%
5-Year Return
VXRT-94.62%
S&P 500 (^GSPC)+56.80%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
3.1x
Forward P/EExpansion
1.2x
EV/EBITDA0th %ile
0.9x
FCF YieldCash Flow
35.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
3.1x
5.0x
0th· Low
EV/EBITDA
0.9x
1.3x
0th· Low
Price/FCF
2.8x
10.7x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$237M+726.7% YoY
Net income FY25
$16M+124.4% YoY
Free cash flow FY25
$8M+116.7% YoY
Operating margin FY25
7.6%+238.6 pts YoY
ROIC (FY25)27.1%
Avg ROIC 5Y-76.9%
ROE (TTM)35.1%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
-$0.07-133.3%
vs -$0.03
$11M-61.0%
vs $27M
Q3 2026
Aug 6, 2026
-$0.06+50.0%
vs -$0.12
$27M+3.7%
vs $26M
Q2 2026
May 7, 2026
$0.02+0.0%
vs $0.02
$39M-40.1%
vs $66M
Q2 2026
Mar 12, 2026
-$0.11-120.0%
vs -$0.05
$104M+49.6%
vs $70M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
GlobeNewsWire·Oct 29, 2026
Vaxart to Host Stockholder Fireside Chat on November 6 at 4:30 p.m. ET

Company to report third quarter 2026 financial results on November 5 SOUTH SAN FRANCISCO, Calif., Oct. 29, 2026 (GLOBE NEWSWIRE) -- Vaxart, Inc. (OTCQX: VXRT), a clinical-stage biotechnology company developing a range of oral recombinant vaccines based on its proprietary delivery platform, today announced that members of the Company's senior management team will participate in a virtual fireside chat on Friday, November 6, 2026, at 4:30 p.m.

GlobeNewsWire·Oct 8, 2026
Vaxart Announces Publication of Preclinical Study Demonstrating 100% Protection Against a Lethal Dose of H5N1 Avian Flu in a Ferret Challenge Model

Second-generation oral mucosal vaccine candidate (VXA-H5-02) induced robust cross-neutralizing antibodies, significantly reduced viral load, and completely protected against lethal clade 2.3.4.4b viral challenge

MarketBeat·Sep 15, 2026
Vaxart Highlights Oral Vaccine Platform, COVID Trial Progress at H.C. Wainwright Conference

Vaxart OTCMKTS: VXRT Chief Executive Officer Steve Lo outlined the company's oral vaccine platform, its government-funded COVID-19 study and development opportunities in norovirus and influenza during an H.C. Wainwright conference presentation.

GlobeNewsWire·Sep 8, 2026
Vaxart to Present at the H.C. Wainwright 28th Annual Global Investment Conference

SOUTH SAN FRANCISCO, Calif., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Vaxart, Inc. (OTCQX: VXRT), a clinical-stage biotechnology company developing a range of oral recombinant vaccines based on its proprietary delivery platform, today announced that a member of its management team will present at the H.C.

Filtered for Vaxart, Inc.More Headlines
04

Compare before deciding

Benchmark VXRT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Vaxart, Inc. (VXRT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VXRT logoVXRTVaxart, Inc.Current
$0.37$89.56M3.10726.68%16.02%35.14%—
NVAX logoNVAXNovavax, Inc.
$10.78$1.77B-23.1764.69%-18.64%——
IBRX logoIBRXImmunityBio, Inc.
$8.64$9.05B-9.14668.31%-598.56%——
CODX logoCODXCo-Diagnostics, Inc.
$0.26$286.65K-0.02-84.1%-6523.04%-210.99%—
OCGN logoOCGNOcugen, Inc.
$0.93$313.68M-4.808.83%-1367.61%——
DYAI logoDYAIDyadic International, Inc.
$0.34$12.38M-1.62-64.74%-219.5%-2918.1%—

Compare VXRT vs Peers

Vaxart, Inc. (VXRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NVAX

Most directly comparable listed peer for VXRT.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare VXRT against a more recognizable public peer.

Peer Set

Compare Top 5

vs NVAX, IBRX, CODX, OCGN

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

VXRT SEC Filings & Documents

Vaxart, Inc. (VXRT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jul 28, 2026·SEC

Material company update

Jul 17, 2026·SEC

10-K Annual Reports

1
FY 2026

Mar 13, 2026·SEC

10-Q Quarterly Reports

5
FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 13, 2025·SEC

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VXRT Frequently Asked Questions

Vaxart, Inc. (VXRT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Vaxart, Inc.'s revenue?

Vaxart, Inc. (VXRT) reported $181.3M in revenue over the trailing twelve months. Revenue was $237.3M in fiscal year 2025. That is 1% less than the $239.9M of fiscal year 1996.

How fast is Vaxart, Inc. growing?

Vaxart, Inc. (VXRT) grew revenue by 22.3% over the trailing twelve months, compared with the twelve months before.

Is VXRT profitable?

Yes. Vaxart, Inc. (VXRT) earned $29.0M in net income over the trailing twelve months (a 16.0% net margin).

Dividend & Returns
What is VXRT's return on equity?

Vaxart, Inc. (VXRT) had a return on equity (ROE) of 35.1% over the trailing twelve months. That is well above the market's typical 10-15%.

What is Vaxart, Inc.'s free cash flow?

Vaxart, Inc. (VXRT) generated $32.0M in free cash flow over the trailing twelve months.

What if you invested $1,000 in VXRT back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →