Vaxart, Inc. (VXRT) Earnings History
Profitable37 years of earnings data (1989–2025) · Positive TTM net income
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Vaxart, Inc. (VXRT) Earnings Overview
As of June 22, 2026, Vaxart, Inc. (VXRT) reported trailing twelve-month net income of $37M, reflecting +150.0% year-over-year growth. The company earned $0.15 per diluted share over the past four quarters, with a net profit margin of 6.9%.
Looking at the long-term picture, VXRT's historical earnings data spans multiple years. The company achieved its highest annual net income of $105M in fiscal 2001.
Vaxart, Inc. maintains positive profitability with a gross margin of 100.0%, operating margin of 7.6%, and net margin of 6.9%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including NVAX (-$88M net income, 39.2% margin), IBRX (-$855M net income, -310.2% margin), CODX (-$49M net income, -7533.6% margin), VXRT has room to improve margins relative to the peer group. Compare VXRT vs NVAX →
VXRT Earnings vs Peers
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VXRT Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $16M | +124.4% | $18M | $0.07 | 6.9% | 7.6% |
| 2024 | -$67M | +18.8% | -$66M | $-0.14 | -233.3% | -231.0% |
| 2023 | -$82M | +23.5% | -$83M | $-0.17 | -1117.6% | -1129.5% |
| 2022 | -$108M | -52.9% | -$115M | $-0.22 | -100708.4% | -107090.7% |
| 2021 | -$70M | -118.7% | -$73M | $-0.14 | -7900.2% | -8156.1% |
| 2020 | -$32M | -72.8% | -$30M | $-0.07 | -796.3% | -745.7% |
| 2019 | -$19M | -3.5% | -$16M | $-0.09 | -189.1% | -160.1% |
| 2018 | -$18M | -44.5% | -$22M | $-0.28 | -433.0% | -523.1% |
| 2017 | -$12M | +57.6% | -$9M | $-0.28 | -213.4% | -156.1% |
| 2016 | -$29M | -15.7% | -$28M | $-0.84 | -330.3% | -309.0% |
| 2015 | -$25M | -33.0% | -$25M | $-0.72 | -273.1% | -271.0% |
| 2014 | -$19M | -73.6% | -$20M | $-0.59 | -77.6% | -79.3% |
| 2013 | -$11M | -23.6% | -$12M | $-0.39 | -16.0% | -16.7% |
| 2012 | -$9M | -96.4% | -$22M | $-0.35 | -26.5% | -65.8% |
| 2011 | -$5M | -616.1% | -$10M | $-0.71 | -30.5% | -65.8% |
| 2010 | $878,000 | +104.7% | -$1M | $0.13 | 2.5% | -3.4% |
| 2009 | -$19M | +0.1% | -$18M | $-2.44 | -178.5% | -171.4% |
| 2008 | -$19M | -139.8% | -$25M | $-2.38 | - | - |
| 2007 | $47M | +180.2% | -$45M | $5.15 | - | - |
| 2006 | -$59M | +54.3% | -$61M | $-6.36 | -65.3% | -68.2% |
| 2005 | -$128M | -154.9% | -$123M | $-14.16 | -118.9% | -113.5% |
| 2004 | -$50M | -637.6% | -$52M | $-5.67 | -35.4% | -36.6% |
| 2003 | -$7M | -432.5% | -$13M | $-0.92 | -3.9% | -7.3% |
| 2002 | $2M | -98.0% | $4M | $0.26 | 1.0% | 1.9% |
| 2001 | $105M | +2301.5% | $117M | $15.58 | 44.6% | 49.8% |
| 2000 | $4M | +32.1% | $4M | $0.79 | 1.9% | 1.6% |
| 1999 | $3M | +115.1% | $6M | $0.59 | 1.4% | 2.5% |
| 1998 | -$22M | -94.6% | -$1M | $-4.12 | -9.0% | -0.6% |
| 1997 | -$11M | -184.2% | -$6M | $-2.11 | -4.9% | -2.5% |
| 1996 | $13M | +175.6% | $11M | $2.44 | 5.5% | 4.7% |
| 1995 | -$18M | -322.8% | -$10M | $-3.46 | -8.7% | -4.8% |
| 1994 | $8M | +125.7% | $17M | $3.04 | 4.8% | 10.6% |
| 1993 | $4M | +683.3% | $9M | $1.68 | 3.4% | 8.4% |
| 1992 | $-600,000 | -127.3% | $2M | $-0.26 | -0.7% | 2.3% |
| 1991 | $2M | +0.0% | $3M | $0.92 | 3.2% | 4.8% |
| 1990 | $2M | +175.0% | $3M | $0.92 | 3.0% | 4.5% |
| 1989 | $800,000 | - | $2M | $0.40 | 1.4% | 2.9% |
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Intrinsic Valuation
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VXRT — Frequently Asked Questions
Quick answers to the most common questions about buying VXRT stock.
What is VXRT earnings per share (EPS)?
VXRT trailing twelve-month (TTM) diluted EPS is $0.15, reflecting +150.0% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Vaxart, Inc.'s net income?
Vaxart, Inc. (VXRT) trailing twelve-month net income is $37M as of 2025. Earnings grew +150.0% year-over-year.
Is VXRT profitable?
Yes, VXRT is profitable with a TTM net income of $37M and a net profit margin of +6.9%.
What is VXRT's earnings growth rate?
VXRT compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are VXRT's profit margins?
Vaxart, Inc. net profit margin is +6.9%, operating margin is +7.6%, and gross margin is +100.0%. Margins are within a typical range for the sector. Return on Equity is +22.3%.
Is VXRT growing earnings?
Yes, VXRT earnings are accelerating — EPS growth of +150.0% exceeds the 5-year CAGR of N/A. TTM net income reached $37M. Earnings momentum is strengthening.
What was VXRT's best earnings year?
Vaxart, Inc.'s highest annual net income on record is $105M, achieved in fiscal year 2001. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were VXRT's earnings last quarter?
VXRT's most recent reported quarter was Q1 2026. Net income was $5M with diluted EPS of $0.02. For a full breakdown of all quarters, see the quarterly earnings table on this page.