Vaxart, Inc.

Vaxart, Inc.

VXRT
Vaxart, Inc.US flagNASDAQ Capital Market
0.63
USD
-0.01
- -
152.37MMarket Cap
Vaxart, Inc.
VXRT
(NASDAQ Capital Market)

Recent

price

0.63

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
13.67
52.14
23.13
13.1
24.11
7.65
2.65
2.53
0.66
0.46
0.05
0.01
- -
0.05
0.14
1.03
1.1
Revenue per Share
-24.41
1.31
-7.06
-3.47
-3.86
-5.94
-7.23
-8.37
-2.9
-0.86
-0.36
-0.58
-0.84
-0.57
-0.33
0.07
0.16
Basic EPS, GAAP
8.1
59.48
-23.64
-5.81
-1.19
-3.02
-4.07
-8.54
-2.42
-0.65
-0.28
-0.54
-0.82
-0.5
-0.22
0.03
0.06
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-284.35
-323.54
-345.65
-29.63
-30.28
-32.66
-37.13
-45.52
-15.4
-5.41
-1.69
-1.81
-2.56
-2.83
-2.36
-2
-1.96
Book Value per Share
126.97
90.22
91.78
26.27
30.49
21.62
13.15
5.32
-1.29
-0.19
1.22
1.42
0.79
0.34
0.25
0.35
0.37
Tangible Book Value per Share
1
1
1
3
3
3
4
4
6
22
88
121
128
145
202
230
233
Basic Weighted Avg Shares
10
35
15
34
69
25
9
9
4
10
4
1
- -
7
29
237
256
Sales/Revenue/Turnover
-171.38
-3.42
-65.79
-58.33
-14.7
-33.33
-268.82
-307.87
-476
-110.17
-766.66
-7,819.17
-103,114.95
-1,129.52
-230.99
7.62
14.94
Operating Margin (%)
1
- -
- -
3
2
1
- -
- -
3
4
3
4
6
9
9
9
7
Depreciation Expense
-19
1
-5
-9
-11
-19
-25
-29
-18
-19
-32
-70
-108
-82
-67
16
37
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2.83
1.09
Effective Tax Rate (%)
-178.54
2.51
-30.54
-26.49
-16.01
-77.64
-273.12
-330.34
-432.96
-189.06
-796.34
-7,900.22
-100,708.41
-1,117.56
-233.27
6.88
14.51
Profit Margin (%)
96
92
92
62
74
62
63
34
7
8
117
158
82
32
-23
49
55
Working Capital
- -
- -
- -
- -
- -
1
- -
- -
2
1
5
12
19
17
14
6
5
LT Debt
97
61
59
68
87
70
46
19
11
13
123
188
111
58
59
88
94
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
20.28
45.91
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-4.19
-8.54
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
4
3
3
LT Borrowings
- -
- -
- -
LT Finance Leases
12
6
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
229
240
241
Market Capitalization
82
80
142

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
117
136
132
Cash, Cash Equivalents & STI
29
64
61
Accounts Receivable, Net
43
15
7
Inventories
- -
- -
- -
Total Current Liabilities
169
87
77
Payables & Accruals
94
65
58
ST Debt
4
3
3
Deferred Revenue
65
13
12

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
74.92%
2.83%
49%
Free Cash Flow
21.47%
7.22%
-116.7%
Net Income, GAAP
9.13%
0.99%
-124.39%
Sales/Revenue/Turnover
760.43%
1,529.19%
726.68%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
6
5
15
29
2025
21
40
72
104
237
2026
39
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.14
-0.09
-0.06
- -
-0.33
2025
-0.07
-0.07
-0.04
- -
0.07
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Vaxart, Inc. Vaxart, Inc. (VXRT) is a clinical-stage biotechnology company that discovers, develops and commercializes oral recombinant pill vaccines utilizing its proprietary vector-adjuvant-antigen standardized technology (VAAST) platform, which enables temperature-stable, needle-free administration generating both mucosal and systemic immune responses; its lead development programs encompass a bivalent norovirus vaccine candidate in Phase 2 for GI.1 and GII.4 strains targeting acute gastroenteritis, an oral COVID-19 vaccine (VXA-CoV2-3.3) in Phase 2b trial under BARDA Project NextGen funding up to $460 million comparing efficacy to mRNA boosters, a seasonal influenza vaccine demonstrated comparable efficacy to Fluzone in Phase 2 human challenge studies for H1 strains, and a therapeutic human papillomavirus (HPV) vaccine in preclinical stage targeting HPV-16 and HPV-18 for cervical precancers and lesions. Vaxart, Inc. operates primarily in the United States with global ambitions for its vaccines addressing infectious diseases and oncology indications, serving prophylactic and therapeutic markets for vulnerable populations including infants, adults, seniors and immunocompromised individuals; founded in 2004 and headquartered in South San Francisco, California, the company maintains a license agreement with Altesa Biosciences for Vapendavir antiviral development. In November 2025, Vaxart, Inc. entered an exclusive worldwide license and collaboration agreement with Dynavax Technologies Corporation for its COVID-19 oral vaccine program, receiving a $25 million upfront fee and $5 million equity investment while retaining responsibility through Phase 2b completion and FDA End-of-Phase 2 meeting, with potential milestones up to $195 million regulatory and $425 million sales; the company reported positive Phase 1 data for second-generation norovirus constructs showing enhanced antibody responses, Q3 2025 revenue of $72.4 million driven by government contracts versus $4.9 million prior year, and cash position of $28.8 million extending runway into Q2 2027.

Company News

APIChatGPT
  • Vaxart Reports Topline 12-Month Safety Data From the 400-Participant Sentinel Safety Cohort of the Phase 2b Clinical Trial of Its Oral Pill COVID-19 Vaccine

  • Vaxart Enters Cooperation Agreement with Stockholder Group and Announces Board and Corporate Governance Enhancements

  • Vaxart Publishes Presentation Urging Shareholders to Vote “FOR” ALL Six of the Company's Highly Qualified Director Nominees on the WHITE Proxy Card TODAY

  • Vaxart Announces Update to BARDA Funding Award to Reflect Current Scope of COVID-19 Oral Pill Vaccine Trial

  • Vaxart's Two Newest Independent Directors James Breitmeyer, M.D., Ph.D., and Kevin Finney Send Letter to Shareholders Ahead of 2026 Annual Meeting

  • Vaxart to Showcase Oral Vaccine Platform and Strategic Vision at BIO 2026 and Taiwan Biotech Forum

  • Vaxart to Participate in BTIG Infectious Disease Day 2026

  • Vaxart Urges Shareholders to Vote “FOR” ALL Six of the Company's Highly Qualified Director Nominees on the WHITE Proxy Card TODAY

  • Vaxart Files Definitive Proxy Statement and Mails Letter to Shareholders

  • Vaxart Files Preliminary Proxy Statement and Issues Open Letter to Shareholders

  • Vaxart, Inc. (VXRT) Q1 2026 Earnings Call Transcript

  • Vaxart Provides Business Update and Reports First Quarter 2026 Financial Results

  • Vaxart to Host Stockholder Fireside Chat on May 8 at 4:30 p.m. ET

  • Vaxart (OTCMKTS:VXRT) Stock Passes Above 50-Day Moving Average – Time to Sell?

  • Vaxart Appoints James Breitmeyer, M.D., Ph.D., to Board of Directors

  • Vaxart Announces Share Purchase Agreement for up to $25 Million with Lincoln Park Capital

  • Vaxart, Inc. (VXRT) Shareholder/Analyst Call Transcript

  • Vaxart, Inc. (VXRT) Q4 2025 Earnings Call Transcript

  • Vaxart to Host Upcoming Conference Calls

  • 3 Stocks Under $5 With Strong Analyst Upside Potential