Vaxart, Inc. (VXRT) quarterly income statement — complete revenue, gross profit & net income history
Vaxart, Inc. (VXRT) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 27.18M | 39.23M | 104.24M | 72.41M | 39.73M | 20.88M | 15.19M | 4.93M | 6.4M | 2.18M | 3.25M | 2.1M | 30K | 278K | 22K | 0 | 0 | 85K | 74K | 200K |
| Revenue Growth % | -31.58% | 87.9% | 586.46% | 1367.93% | 520.68% | 857.18% | 367.95% | 134.79% | 21236.67% | 684.53% | 14650% | - | - | 227.06% | -70.27% | -100% | -100% | -83.2% | -79.21% | -24.53% |
| Cost of Goods Sold | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2M | 1.2M | 0 | 0 | 0 | 827K | 784K | 0 | 0 | 0 |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | 36.98% | 57.12% | - | - | - | - | - | - | - | - |
| Gross Profit | 0 | 39.23M | 104.24M | 72.41M | 39.73M | 20.88M | 15.19M | 4.93M | 6.4M | 2.18M | 2.04M | 901K | 30K | 278K | 22K | -827K | -784K | 85K | 74K | 200K |
| Gross Margin % | - | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 63.02% | 42.88% | 100% | 100% | 100% | - | - | 100% | 100% | 100% |
| Gross Profit Growth % | -100% | 87.9% | 586.46% | 1367.93% | 520.68% | 857.18% | 642.54% | 447.5% | 21236.67% | 684.53% | 9195.45% | 208.95% | 103.83% | 227.06% | -70.27% | -513.5% | -800% | -83.2% | -79.21% | -24.53% |
| Operating Expenses | 40.36M | 34.05M | 48.82M | 80.22M | 54.33M | 35.81M | 26.68M | 19.41M | 22.66M | 26.25M | 18.95M | 18.72M | 23.08M | 25.85M | 31.16M | 28.6M | 28.46M | 24.86M | 24.29M | 17.45M |
| OpEx % of Revenue | 148.45% | 86.81% | 46.83% | 110.79% | 136.76% | 171.54% | 175.68% | 393.43% | 353.96% | 1203.62% | 583.82% | 891.15% | 76943.33% | 9298.56% | 141636.36% | - | - | 29248.24% | 32822.97% | 8725.5% |
| Selling, General & Admin | 6.6M | 4.64M | 3.67M | 4.28M | 4.6M | 5.07M | 4.02M | 4.34M | 5.18M | 7.24M | 5.44M | 4.92M | 5.6M | 6.63M | 6.45M | 6.13M | 8.54M | 6.66M | 5.75M | 5.04M |
| SG&A % of Revenue | 24.29% | 11.83% | 3.52% | 5.91% | 11.57% | 24.27% | 26.49% | 88.02% | 80.88% | 331.87% | 167.64% | 234.22% | 18660% | 2383.09% | 29304.55% | - | - | 7832.94% | 7775.68% | 2521% |
| Research & Development | 33.75M | 29.41M | 45.15M | 75.95M | 49.73M | 30.74M | 22.65M | 15.07M | 17.48M | 19.01M | 14.71M | 15M | 18.81M | 19.62M | 20.46M | 22.47M | 19.93M | 18.2M | 15.53M | 12.41M |
| R&D % of Revenue | 124.16% | 74.98% | 43.31% | 104.88% | 125.18% | 147.27% | 149.19% | 305.41% | 273.08% | 871.76% | 453.16% | 714.04% | 62710% | 7058.27% | 92995.45% | - | - | 21415.29% | 20986.49% | 6204.5% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | -397K | 1000K | 0 | 0 | 0 | 1000K | 0 |
| Operating Income | 0 | 5.17M | 55.42M | -7.81M | -14.6M | -14.94M | -11.49M | -14.47M | -16.26M | -24.07M | -16.9M | -17.82M | -23.05M | -25.57M | -31.14M | -29.43M | -29.25M | -24.78M | -24.21M | -17.25M |
| Operating Margin % | - | 13.19% | 53.17% | -10.79% | -36.76% | -71.54% | -75.68% | -293.43% | -253.96% | -1103.62% | -520.8% | -848.26% | -76843.33% | -9198.56% | -141536.36% | - | - | -29148.24% | -32722.97% | -8625.5% |
| Operating Income Growth % | 100% | 134.64% | 582.27% | 46.04% | 10.17% | 37.95% | 32% | 18.78% | 29.48% | 5.87% | 45.73% | 39.43% | 21.18% | -3.21% | -28.59% | -70.58% | -85.4% | -59.73% | -81.24% | -127.32% |
| EBITDA | 0 | 6.3M | 57.48M | -5.73M | -12.41M | -12.69M | -9.26M | -12.25M | -14.04M | -21.89M | -15.7M | -16.62M | -20.89M | -23.51M | -29.25M | -28.6M | -28.46M | -23.64M | -23.02M | -16.23M |
| EBITDA Margin % | - | 16.06% | 55.14% | -7.91% | -31.23% | -60.78% | -60.95% | -248.35% | -219.39% | -1003.81% | -483.82% | -791.15% | -69623.33% | -8456.83% | -132945.45% | - | - | -27817.65% | -31104.05% | -8115% |
| EBITDA Growth % | 100% | 149.65% | 720.98% | 53.22% | 11.66% | 42.05% | 41.04% | 26.3% | 32.77% | 6.88% | 46.32% | 41.88% | 26.62% | 0.57% | -27.07% | -76.21% | -92.55% | -62.9% | -84.18% | -134% |
| D&A (Non-Cash Add-back) | 0 | 1.13M | 2.06M | 2.08M | 2.2M | 2.25M | 2.24M | 2.22M | 2.21M | 2.18M | 1.2M | 1.2M | 2.17M | 2.06M | 1.89M | 827K | 784K | 1.13M | 1.2M | 1.02M |
| EBIT | 0 | 5.71M | 55.94M | -7.52M | -14.29M | -14.5M | -10.88M | -13.43M | -15.84M | -23.57M | -16.33M | -17.15M | -22.34M | -24.93M | -23.59M | -28.97M | -29.09M | -24.74M | -20.4M | -17.23M |
| Net Interest Income | 0 | 46K | 1K | -306K | -362K | -560K | -322K | 391K | -194K | -301K | -298K | 516K | 523K | 464K | 280K | 133K | -166K | -305K | -320K | -311K |
| Interest Income | 578K | 551K | 547K | 302K | 310K | 437K | 602K | 1.02M | 416K | 503K | 576K | 723K | 711K | 642K | 597K | 458K | 157K | 35K | 23K | 26K |
| Interest Expense | -538K | 505K | 546K | 608K | 672K | 997K | 924K | 631K | 610K | 804K | 874K | 207K | 188K | 178K | 317K | 325K | 323K | 340K | 343K | 337K |
| Other Income/Expense | 0 | 35K | -34K | -313K | -363K | -561K | -317K | 413K | -189K | -302K | -301K | 461K | 522K | 461K | 7.24M | 133K | -168K | -305K | 3.47M | -311K |
| Pretax Income | -13.46M | 5.21M | 55.39M | -8.12M | -14.97M | -15.5M | -11.81M | -14.06M | -16.45M | -24.37M | -17.2M | -17.36M | -22.53M | -25.11M | -23.9M | -29.29M | -29.41M | -25.08M | -20.75M | -17.56M |
| Pretax Margin % | -49.53% | 13.28% | 53.14% | -11.22% | -37.67% | -74.23% | -77.77% | -285.06% | -256.91% | -1117.47% | -530.08% | -826.32% | -75103.33% | -9032.73% | -108645.45% | - | - | -29507.06% | -28035.14% | -8781% |
| Income Tax | 29K | 29K | 344K | 17K | 20K | 95K | 176K | 18K | 21K | 45K | 174K | 39K | 19K | 29K | 16K | 16K | 15K | 20K | 18K | 21K |
| Effective Tax Rate % | -0.22% | 0.56% | 0.62% | -0.21% | -0.13% | -0.61% | -1.49% | -0.13% | -0.13% | -0.18% | -1.01% | -0.22% | -0.08% | -0.12% | -0.07% | -0.05% | -0.05% | -0.08% | -0.09% | -0.12% |
| Net Income | -13.49M | 5.18M | 55.05M | -8.14M | -14.99M | -15.59M | -11.98M | -14.08M | -16.47M | -24.42M | -17.38M | -17.4M | -22.55M | -25.14M | -23.92M | -29.31M | -29.43M | -25.1M | -20.76M | -17.58M |
| Net Margin % | -49.64% | 13.2% | 52.81% | -11.24% | -37.72% | -74.68% | -78.93% | -285.42% | -257.24% | -1119.53% | -535.44% | -828.18% | -75166.67% | -9043.17% | -108718.18% | - | - | -29530.59% | -28059.46% | -8791.5% |
| Net Income Growth % | 9.96% | 133.22% | 559.28% | 42.18% | 8.99% | 36.15% | 31.02% | 19.08% | 26.98% | 2.88% | 27.36% | 40.63% | 23.38% | -0.16% | -15.19% | -66.69% | -82.61% | -56.81% | -49.8% | -117.48% |
| Net Income (Continuing) | -13.49M | 5.18M | 55.05M | -8.14M | -14.99M | -15.59M | -11.98M | -14.08M | -16.47M | -24.42M | -17.38M | -17.4M | -22.55M | -25.14M | -23.92M | -29.31M | -29.43M | -25.1M | -20.76M | -17.58M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.06 | 0.02 | 0.23 | -0.04 | -0.07 | -0.07 | -0.05 | -0.08 | -0.09 | -0.14 | -0.04 | -0.04 | -0.05 | -0.05 | -0.05 | -0.23 | -0.23 | -0.05 | -0.04 | -0.04 |
| EPS Growth % | 14.29% | 129.24% | 537.26% | 49.62% | 24.65% | 51.14% | -47.34% | -122.41% | -100.65% | -171.32% | 27.29% | 84.55% | 80.11% | -0.19% | -15.26% | -539.89% | -603.32% | -56.54% | -50% | -117.47% |
| EPS (Basic) | -0.06 | 0.02 | 0.23 | -0.04 | -0.07 | -0.07 | -0.05 | -0.08 | -0.09 | -0.14 | -0.04 | -0.04 | -0.05 | -0.05 | -0.05 | -0.23 | -0.23 | -0.05 | -0.04 | -0.04 |
| Diluted Shares Outstanding | 242.17M | 242.18M | 230.35M | 228.93M | 228.37M | 227.92M | 227.77M | 177.33M | 177.33M | 177.33M | 487.26M | 487.26M | 487.26M | 487.26M | 487.26M | 126.89M | 126.43M | 487.26M | 487.26M | 487.26M |
| Basic Shares Outstanding | 242.17M | 240.65M | 230.27M | 228.93M | 228.37M | 227.92M | 227.77M | 177.33M | 177.33M | 177.33M | 487.26M | 487.26M | 487.26M | 487.26M | 487.26M | 126.89M | 126.43M | 487.26M | 487.26M | 487.26M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |