Novavax annual operating expenses
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Novavax Operating Expenses Growth & History (NVAX)
Novavax's operating expenses was $670.7M for fiscal 2025.
View full Novavax company overviewNovavax annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $670.7M | −$260.4M | −27.97% |
| 2024 | 2024-12-31 | $931.1M | −$619.1M | −39.94% |
| 2023 | 2023-12-31 | $1.55B | −$1.08B | −40.98% |
| 2022 | 2022-12-31 | $2.63B | −$206.3M | −7.28% |
| 2021 | 2021-12-31 | $2.83B | $1.94B | +217.47% |
| 2020 | 2020-12-31 | $892.3M | $753.1M | +540.83% |
| 2019 | 2019-12-31 | $139.2M | −$69.0M | −33.12% |
| 2018 | 2018-12-31 | $208.2M | $5.3M | +2.62% |
| 2017 | 2017-12-31 | $202.9M | −$81.6M | −28.68% |
| 2016 | 2016-12-31 | $284.5M | $91.0M | +47.02% |
| 2015 | 2015-12-31 | $193.5M | $79.1M | +69.21% |
| 2014 | 2014-12-31 | $114.3M | $41.0M | +55.90% |
| 2013 | 2013-12-31 | $73.3M | $21.6M | +41.76% |
| 2012 | 2012-12-31 | $51.7M | $15.5M | +42.67% |
| 2011 | 2011-12-31 | $36.3M | −$2.6M | −6.62% |
| 2010 | 2010-12-31 | $38.8M | $1.1M | +2.99% |
| 2009 | 2009-12-31 | $37.7M | — | — |
Novavax quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $111.6M | −$26.6M | −19.23% |
| Q1 2026 | 2026-03-31 | $154.9M | $3.8M | +2.52% |
| Q4 2025 | 2025-12-31 | $132.9M | −$86.5M | −39.42% |
| Q3 2025 | 2025-09-30 | $248.5M | $29.9M | +13.70% |
| Q2 2025 | 2025-06-30 | $138.2M | −$116.3M | −45.71% |
| Q1 2025 | 2025-03-31 | $151.1M | −$87.5M | −36.68% |
| Q4 2024 | 2024-12-31 | $219.4M | −$255.5M | −53.80% |
| Q3 2024 | 2024-09-30 | $218.5M | −$94.1M | −30.10% |
| Q2 2024 | 2024-06-30 | $254.5M | −$114.5M | −31.03% |
| Q1 2024 | 2024-03-31 | $238.7M | −$155.0M | −39.38% |
| Q4 2023 | 2023-12-31 | $474.9M | −$126.4M | −21.02% |
| Q3 2023 | 2023-09-30 | $312.6M | −$549.1M | −63.72% |
| Q2 2023 | 2023-06-30 | $369.0M | −$299.9M | −44.84% |
| Q1 2023 | 2023-03-31 | $393.7M | −$101.0M | −20.41% |
| Q4 2022 | 2022-12-31 | $601.3M | −$445.9M | −42.58% |
| Q3 2022 | 2022-09-30 | $861.8M | $375.8M | +77.32% |
| Q2 2022 | 2022-06-30 | $668.9M | $25.0M | +3.89% |
| Q1 2022 | 2022-03-31 | $494.7M | −$161.2M | −24.58% |
| Q4 2021 | 2021-12-31 | $1.05B | $584.7M | +126.41% |
| Q3 2021 | 2021-09-30 | $486.0M | $135.0M | +38.47% |
| Q2 2021 | 2021-06-30 | $643.8M | $591.3M | +1124.86% |
| Q1 2021 | 2021-03-31 | $655.9M | $629.6M | +2396.24% |
| Q4 2020 | 2020-12-31 | $462.5M | $425.0M | +1132.68% |
| Q3 2020 | 2020-09-30 | $351.0M | $333.5M | +1906.21% |
| Q2 2020 | 2020-06-30 | $52.6M | $12.5M | +31.34% |
| Q1 2020 | 2020-03-31 | $26.3M | −$17.9M | −40.56% |
| Q4 2019 | 2019-12-31 | $37.5M | −$15.1M | −28.72% |
| Q3 2019 | 2019-09-30 | $17.5M | −$32.1M | −64.75% |
| Q2 2019 | 2019-06-30 | $40.0M | −$12.7M | −24.15% |
| Q1 2019 | 2019-03-31 | $44.2M | −$9.0M | −16.85% |
| Q4 2018 | 2018-12-31 | $52.6M | −$5.6M | −9.55% |
| Q3 2018 | 2018-09-30 | $49.6M | −$345,000 | −0.69% |
| Q2 2018 | 2018-06-30 | $52.8M | $4.6M | +9.47% |
| Q1 2018 | 2018-03-31 | $53.2M | $6.7M | +14.32% |
| Q4 2017 | 2017-12-31 | $58.2M | −$1.2M | −2.10% |
| Q3 2017 | 2017-09-30 | $50.0M | −$16.6M | −24.89% |
| Q2 2017 | 2017-06-30 | $48.2M | −$30.8M | −38.99% |
| Q1 2017 | 2017-03-31 | $46.5M | −$33.0M | −41.49% |
| Q4 2016 | 2016-12-31 | $59.4M | −$25.3M | −29.86% |
| Q3 2016 | 2016-09-30 | $66.5M | $26.8M | +67.50% |
| Q2 2016 | 2016-06-30 | $79.0M | $44.2M | +126.91% |
| Q1 2016 | 2016-03-31 | $79.5M | $45.3M | +132.47% |
| Q4 2015 | 2015-12-31 | $84.8M | $46.4M | +120.77% |
| Q3 2015 | 2015-09-30 | $39.7M | $11.7M | +41.86% |
| Q2 2015 | 2015-06-30 | $34.8M | $8.7M | +33.35% |
| Q1 2015 | 2015-03-31 | $34.2M | $12.3M | +56.50% |
| Q4 2014 | 2014-12-31 | $38.4M | $15.4M | +66.91% |
| Q3 2014 | 2014-09-30 | $28.0M | $7.9M | +39.45% |
| Q2 2014 | 2014-06-30 | $26.1M | $9.7M | +58.93% |
| Q1 2014 | 2014-03-31 | $21.8M | $8.0M | +57.88% |
| Q4 2013 | 2013-12-31 | $23.0M | $8.9M | +63.59% |
| Q3 2013 | 2013-09-30 | $20.1M | $7.5M | +59.20% |
| Q2 2013 | 2013-06-30 | $16.4M | $3.5M | +26.79% |
| Q1 2013 | 2013-03-31 | $13.8M | $1.7M | +14.28% |
| Q4 2012 | 2012-12-31 | $14.1M | $4.0M | +39.14% |
| Q3 2012 | 2012-09-30 | $12.6M | $3.6M | +40.53% |
| Q2 2012 | 2012-06-30 | $13.0M | $4.0M | +45.24% |
| Q1 2012 | 2012-03-31 | $12.1M | $3.8M | +46.53% |
| Q4 2011 | 2011-12-31 | $10.1M | — | — |
| Q3 2011 | 2011-09-30 | $9.0M | −$1.7M | −16.22% |
| Q2 2011 | 2011-06-30 | $8.9M | −$553,000 | −5.84% |
| Q1 2011 | 2011-03-31 | $8.3M | — | — |
| Q3 2010 | 2010-09-30 | $10.7M | — | — |
| Q2 2010 | 2010-06-30 | $9.5M | — | — |
Novavax operating expenses trends
Over the last five fiscal years, Novavax's operating expenses decreased from $892.3M to $670.7M, a change of −$221.6M. The latest reported quarter, Q2 2026, shows $111.6M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Novavax source filings ↗