Novavax (NVAX) Stock Price

Novavax Price

NASDAQ·CLOSED
7.82USD-0.09 (-1.08 %)
Market closed

Revenue has compounded at 33.4% per year over the past 19 years to 1.12 B USD. Novavax's net margin stands at 39.2%, up from -152.1% several years earlier. Analysts set a median price target of 11.22 USD, implying 43.4% above the current price. Of 15 analysts, 10 rate the stock a buy — an overall Buy consensus. The stock trades about 26% above its 52-week low.

Novavax stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Novavax over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Novavax stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Novavax's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Novavax Stock Price History
DateNovavax Price
7/23/20267.82 USD
7/22/20267.91 USD
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3/17/202610.01 USD
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3/13/202610.24 USD
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3/1/202610.11 USD
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2/25/202611.19 USD
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7/27/20257.28 USD
Access this data via the Eulerpool API

Novavax Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2020
475.60 M USD
-416.72 M USD
-427.51 M USD
Jan 1, 2021
1.15 B USD
-1.69 B USD
-1.74 B USD
Jan 1, 2022
1.60 B USD
-633.77 M USD
-657.94 M USD
Jan 1, 2023
556.38 M USD
-566.51 M USD
-545.06 M USD
Jan 1, 2024
682.16 M USD
-248.93 M USD
-187.50 M USD
Jan 1, 2025
1.12 B USD
563.27 M USD
440.30 M USD
Jan 1, 2026 (e)
409.97 M USD
-65.58 M USD
-71.99 M USD
Jan 1, 2027 (e)
258.47 M USD
-28.28 M USD
-38.73 M USD

Novavax Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 25, 2026, 2:26 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
SHARESM
201220132014201520162017201820192020202120222023202420252026e2027e
0.020.020.030.040.020.030.030.020.481.151.600.560.681.120.410.26
57.14-9.0950.0020.00-58.33106.679.68-47.062,538.89141.2639.44-65.2122.6664.66-63.58-36.92
31.8260.0050.00-350.00-1,480.00100.00100.00-527.78100.00100.0043.5538.1370.2393.6893.6893.68
0.010.010.02-0.13-0.220.030.03-0.100.481.150.700.210.481.050.380.24
-0.03-0.05-0.08-0.16-0.27-0.17-0.17-0.12-0.42-1.69-0.63-0.57-0.250.56-0.07-0.03
-131.82-260.00-276.67-436.11-1,793.33-551.61-508.82-661.11-87.58-147.73-39.61-101.80-36.3650.13-15.89-10.85
-0.03-0.05-0.08-0.16-0.28-0.18-0.18-0.13-0.43-1.74-0.66-0.55-0.190.44-0.07-0.04
47.3782.1460.7890.2478.85-34.410.55-29.35228.46308.20-62.31-17.05-65.69-335.29-116.14-46.48
7.4210.4511.9313.4913.5615.8119.1628.0665.7374.4079.82123.68160.24173.10173.10173.10
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Novavax generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Novavax retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Novavax's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Novavax has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Novavax's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Novavax stock margins

The Novavax margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Novavax. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Novavax.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
100.00 %
-87.62 %
-89.89 %
Jan 1, 2021
100.00 %
-147.73 %
-152.12 %
Jan 1, 2022
43.55 %
-39.64 %
-41.15 %
Jan 1, 2023
38.21 %
-101.82 %
-97.97 %
Jan 1, 2024
70.28 %
-36.49 %
-27.49 %
Jan 1, 2025
93.67 %
50.14 %
39.19 %
Jan 1, 2026 (e)
93.67 %
-16.00 %
-17.56 %
Jan 1, 2027 (e)
93.67 %
-10.94 %
-14.99 %

Novavax Stock Revenue, EBIT, Earnings per Share

The Novavax earnings per share therefore indicates how much revenue Novavax has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
7.24 USD
-6.34 USD
-6.50 USD
Jan 1, 2021
15.41 USD
-22.76 USD
-23.44 USD
Jan 1, 2022
20.03 USD
-7.94 USD
-8.24 USD
Jan 1, 2023
4.50 USD
-4.58 USD
-4.41 USD
Jan 1, 2024
4.26 USD
-1.55 USD
-1.17 USD
Jan 1, 2025
6.49 USD
3.25 USD
2.54 USD
Jan 1, 2026 (e)
2.69 USD
-0.38 USD
-0.47 USD
Jan 1, 2027 (e)
1.70 USD
-0.16 USD
-0.25 USD

Novavax business model & stock analysis

Novavax Inc. is a biopharmaceutical company specializing in the development and commercialization of innovative vaccines and products for the treatment of infectious diseases. The company was founded in 1987 in Maryland, USA, and has since relocated its headquarters to Gaithersburg, Maryland. Novavax is a pioneer in vaccine technology. The company's business model is based on the development of vaccines for diseases such as malaria, Zika, RSV, and COVID-19. Novavax uses the latest technology and methods to ensure the highest efficacy and safety of its vaccines. By licensing its own technologies and licenses, the company has significantly increased its reach and effectiveness, establishing successful partnerships with institutions such as the Bill and Melinda Gates Foundation and the US Department of Defense. The different divisions of the company are focused on the development of vaccines and antiviral therapies. Novavax is involved in clinical development and has a portfolio of vaccine candidates targeting T-cells and antibodies. Currently, Novavax is conducting studies in the field of Respiratory Syncytial Virus (RSV) vaccination. The RSV program is Novavax's oldest program, launched in 1995, and the company has developed several vaccine candidates. A recent Phase III trial of an RSV vaccine candidate for the prevention of RSV infections in pregnant women did not meet its goals. However, it is a key position in vaccine development, allowing the company to focus on the development of vaccines against other infectious diseases. Novavax also has an ongoing research program focused on developing a COVID-19 vaccine candidate based on a protein called Nanoparticle Spike Protein (NVX-CoV2373) expressed in insect cells. A major advantage of this program is that it allows for faster manufacture of millions of doses with high throughput and has consistently shown positive results in clinical studies. The company has also developed a revolutionary technology called Matrix-M, which is used in its vaccines to enhance the immune response and activity against the vaccine. It is an adjuvant technology that stimulates the body to respond to a vaccine and achieve higher immunity against the pathogen. Novavax has a number of vaccine candidates in clinical development, including vaccines against malaria, influenza, and human papillomavirus (HPV), as well as an antiviral therapy for the treatment of RSV. These programs are still in the early stages of development, but the company is confident that it will be successful in the future. Overall, Novavax is a company specializing in the development of innovative vaccines and antiviral therapies for the treatment of infectious diseases. With a focus on safety, efficacy, and innovation, the company has achieved a leading position in vaccine technology and has become a key player in the global health landscape. Answer: Novavax is a biopharmaceutical company that specializes in developing and marketing innovative vaccines and products for treating infectious diseases. It was founded in 1987 in Maryland, USA, and focuses on developing vaccines against diseases like malaria, Zika, RSV, and COVID-19. The company uses advanced technology and methods to ensure the effectiveness and safety of its vaccines. It has partnerships with institutions like the Bill and Melinda Gates Foundation and the US Department of Defense. Novavax is also involved in clinical development and has a portfolio of vaccine candidates targeting T-cells and antibodies. Its oldest program is focused on developing an RSV vaccine, and it also has a program focused on developing a COVID-19 vaccine. Novavax has developed a technology called Matrix-M, which enhances the immune response to vaccines. It also has vaccine candidates in development for malaria, influenza, and HPV, as well as an antiviral therapy for RSV. Overall, Novavax is a leading company in vaccine technology and aims to develop effective and innovative vaccines and antiviral therapies for infectious diseases.

Novavax SWOT Analysis

Strengths

Novavax Inc has a diverse portfolio of vaccine candidates covering various diseases.

Their technology platform, recombinant nanoparticle, has shown promising results in preclinical and clinical trials.

The company has a strong research and development team with extensive expertise in vaccine development.

Novavax has established collaborations with global organizations, enhancing their reach and market presence.

Weaknesses

Novavax Inc has experienced delays in their product development timelines, which may impact their competitive advantage.

The company is heavily reliant on successful clinical trials and regulatory approvals for their vaccine candidates.

Novavax faces potential competition from other vaccine developers in the market.

Opportunities

The growing demand for vaccines, especially during global health crises, presents significant opportunities for Novavax.

Expanding their vaccine portfolio to cover emerging diseases could open new markets and revenue streams for the company.

Collaborating with governments and international organizations to address global health challenges can lead to partnerships and funding opportunities.

Threats

The unpredictable nature of disease outbreaks and pandemics could impact Novavax's ability to timely develop and distribute vaccines.

Competition in the vaccine industry is intense, with established players and new entrants continuously emerging.

Regulatory challenges and potential adverse events related to vaccines may hinder market acceptance and revenue generation.

Novavax Segments

Novavax Revenue by Segment (1/3)

  • 3 Years

  • Max

Product sales
Grants
Royalties and other
Details
Date
Product sales
Grants
Royalties and other
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
948.71 M USD
197.58 M USD
Jan 1, 2022
1.55 B USD
382.92 M USD
43.99 M USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD

Novavax Revenue by Segment (2/3)

  • 3 Years

  • Max

Transition Services
Sales-Based Royalties
Technology Transfer
Details
Date
Transition Services
Sales-Based Royalties
Technology Transfer
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
178.60 M USD
0.00 USD
Jan 1, 2022
0.00 USD
9.00 M USD
0.00 USD
Jan 1, 2024
69.70 M USD
0.00 USD
3.50 M USD

Novavax Revenue by Segment (3/3)

  • 3 Years

  • 5 Years

  • Max

Grant
Government Contract
Details
Date
Grant
Government Contract
Jan 1, 2018
34.29 M USD
0.00 USD
Jan 1, 2019
11.16 M USD
7.50 M USD
Jan 1, 2021
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD

Novavax Revenue by Region

  • Max

Rest of North America
United States
International
Europe
Details
Date
Rest of North America
United States
International
Europe
Jan 1, 2024
4.46 M USD
0.00 USD
59.02 M USD
96.14 M USD
Jan 1, 2025
575.67 M USD
405.61 M USD
126.46 M USD
15.74 M USD

Novavax Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Novavax historical P/E ratio, EBIT multiple, and P/S ratio

Novavax annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Novavax shares outstanding

The number of shares of Novavax was 173.1 M in 2025. This indicates how many shares Novavax is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
65.73 M Stocks
Jan 1, 2021
74.40 M Stocks
Jan 1, 2022
79.82 M Stocks
Jan 1, 2023
123.68 M Stocks
Jan 1, 2024
160.24 M Stocks
Jan 1, 2025
173.10 M Stocks
Jan 1, 2026 (e)
173.10 M Stocks
Jan 1, 2027 (e)
173.10 M Stocks

Novavax stock splits

In Novavax's history, there have been no stock splits.

Current Novavax forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy66.67 % (10)
Hold13.33 % (2)
Sell20.00 % (3)
12M Price Target
11.22
Last Price
7.82
Currency
USD
12M Return Potential
43.39 %
LTM Return
0 %

Novavax Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
8/12/2026-0.41USD52.12 MUSD2026 Q2
8/4/2026-0.41USD52.12 MUSD2026 Q2
5/13/2026-0.24USD79.89 MUSD2026 Q1
5/6/2026-0.24USD80.96 MUSD2026 Q1
3/4/2026-0.50USD80.88 MUSD2025 Q4
2/26/2026-0.50USD80.88 MUSD2025 Q4
2/25/2026-0.50USD80.88 MUSD2025 Q4
11/12/2024-0.85USD67.09 MUSD2024 Q3
11/7/2024-0.89USD68.37 MUSD2024 Q3
5/7/2024-0.35USD306.00 MUSD2024 Q1
...

EESG©

Eulerpool ESG Scorecard© for the Novavax stock

48/100
48
Environment
75
Social
21
Governance
E

Environment

20
Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Novavax shareholder structure

% Name
10.11888%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
7.71570%
Shah Capital Management, Inc.
Shah Capital Management, Inc.
7.34061%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
4.52098%
Sanofi SA
Sanofi SA
4.48403%
State Street Investment Management (US)
State Street Investment Management (US)
4.27098%
SK Bioscience Co., Ltd.
SK Bioscience Co., Ltd.
...

Novavax Executives and Management Board

JJ

Mr. John Jacobs

(58)

President, Chief Executive Officer, Director · since 2023

Compensation5.09 M USD
JK

Mr. James Kelly

(59)

Chief Financial Officer, Executive Vice President, Treasurer

Compensation1.83 M USD
EO

Ms. Elaine O'hara

(57)

Executive Vice President, Chief Strategy Officer

Compensation1.64 M USD
MC

Mr. Mark Casey

(62)

Executive Vice President, Chief Legal Officer, Company Secretary

Compensation1.06 M USD
RR

Mr. Richard Rodgers

(58)

Independent Director

Compensation476,427.00 USD

Frequently asked questions about Novavax

Novavax Inc is primarily active within the biotechnology and pharmaceutical industries.

All fundamentals and in-depth analysis of Novavax

Our stock analysis for Novavax stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Novavax. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.