Vaxart, Inc. (VXRT) — Financial statements
Income statement, balance sheet, and cash flow for Vaxart, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 237↑726.7% | 29↑288.9% | 7↑6796.3% | 0.11↓88.0% | 0.89 | |
| Cost of Revenue | 0.00 | 0.00↓100.0% | 5 | 0.00↓100.0% | 49 | |
| Gross Profit | 237↑726.7% | 29↑896.9% | 3↑2590.7% | 0.11↑100.2% | -48 | |
| Operating Expenses | ||||||
| R&D Expenses | 202↑171.6% | 74↑8.9% | 68↓15.9% | 81↑66.3% | 49 | |
| General & Administrative Expenses | 18↓15.3% | 21↓8.0% | 23↓23.1% | 29↑34.2% | 22 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 18↓15.3% | 21↓8.0% | 23↓23.1% | 29↑34.2% | 22 | |
| Other Expenses | 0.00 | 0.00↑100.0% | -5↓205.8% | 4↑109.3% | -46 | |
| Operating Expenses | 219↑130.7% | 95↑10.2% | 86↓24.8% | 115↑360.7% | 25 | |
| Total Costs & Expenses | 219↑130.7% | 95↑4.7% | 91↓20.9% | 115↑55.7% | 74 | |
| Operating Results | ||||||
| Operating Income | 18↑127.3% | -66↑20.5% | -83↑27.3% | -115↓57.5% | -73 | |
| Depreciation & Amortization | 9↓3.1% | 9↑2.6% | 9↑48.6% | 6↑138.7% | 2 | |
| EBITDA | 28↑151.4% | -55↑23.9% | -72↑28.3% | -101↓51.4% | -66 | |
| EBIT | 20↑130.8% | -64↑21.1% | -81↑24.1% | -106↓54.4% | -69 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1↓188.0% | -0.43↓135.4% | 1↑2177.6% | -0.06↑95.9% | -1 | |
| Interest Income | 2↓37.2% | 3↓4.1% | 3↑112.7% | 1↑1439.5% | 0.08 | |
| Interest Expense | 3↓4.9% | 3↑105.2% | 1↑10.9% | 1↓11.8% | 1 | |
| Non-Operating Income | -2↑39.7% | -3↑0.6% | -3↑68.4% | -8↓112.0% | -4 | |
| Other Income / Expenses | -1↓221.8% | -0.40↓134.6% | 1↓83.4% | 7↑188.7% | 2 | |
| Income Before Tax | 17↑125.2% | -67↑18.9% | -82↑23.7% | -108↓53.1% | -70 | |
| Income Tax Expense | 0.48↑83.1% | 0.26↓0.4% | 0.26↑289.6% | 0.07↓37.4% | 0.11 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 16↑124.4% | -67↑18.8% | -82↑23.5% | -108↓52.9% | -70 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 16↑124.4% | -67↑18.8% | -82↑23.5% | -108↓52.9% | -70 | |
| Bottom-Line Net Income | 16↑124.4% | -67↑18.8% | -82↑23.5% | -108↓52.9% | -70 | |
| EPS (Basic) | 0.07↑150.0% | -0.14↑17.6% | -0.17↑22.7% | -0.22↓57.1% | -0.14 | |
| EPS (Diluted) | 0.07↑150.0% | -0.14↑17.6% | -0.17↑22.7% | -0.22↓57.1% | -0.14 | |
| Weighted Average Shares | 230↓52.7% | 487↑0.0% | 487↑0.0% | 487↑0.0% | 487 | |
| Weighted Average Diluted Shares | 230↓52.7% | 487↑0.0% | 487↑0.0% | 487↑0.0% | 487 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.