Vaxart annual operating expenses
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Vaxart Operating Expenses Growth & History (VXRT)
Vaxart's operating expenses was $219.2M for fiscal 2025.
View full Vaxart company overviewVaxart annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $219.2M | $124.2M | +130.74% |
| 2024 | 2024-12-31 | $95.0M | $4.3M | +4.70% |
| 2023 | 2023-12-31 | $90.7M | −$24.0M | −20.90% |
| 2022 | 2022-12-31 | $114.7M | $41.0M | +55.74% |
| 2021 | 2021-12-31 | $73.6M | $39.4M | +115.23% |
| 2020 | 2020-12-31 | $34.2M | $8.6M | +33.41% |
| 2019 | 2019-12-31 | $25.6M | −$268,000 | −1.03% |
| 2018 | 2018-12-31 | $25.9M | $10.1M | +63.46% |
| 2017 · Dec 31 | 2017-12-31 | $15.9M | — | — |
| 2017 · Jun 30 | 2017-06-30 | $36.4M | $1.9M | +5.51% |
| 2016 | 2016-06-30 | $34.5M | −$9.6M | −21.77% |
| 2015 | 2015-06-30 | $44.1M | −$36.1M | −45.01% |
| 2014 | 2014-06-30 | $80.2M | $24.5M | +43.99% |
| 2013 | 2013-06-30 | $55.7M | $12.4M | +28.64% |
| 2012 | 2012-06-30 | $43.3M | $300,000 | +0.70% |
| 2011 · Dec 31 | 2011-12-31 | $24.6M | −$11.6M | −32.05% |
| 2011 · Jun 30 | 2011-06-30 | $43.0M | — | — |
| 2010 | 2010-12-25 | $36.2M | $7.7M | +27.18% |
| 2009 | 2009-12-26 | $28.5M | — | — |
Vaxart quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $40.4M | −$14.0M | −25.72% |
| Q1 2026 | 2026-03-31 | $34.1M | −$1.8M | −4.91% |
| Q4 2025 | 2025-12-31 | $48.8M | $22.1M | +82.99% |
| Q3 2025 | 2025-09-30 | $80.2M | $60.8M | +313.36% |
| Q2 2025 | 2025-06-30 | $54.3M | $31.7M | +139.81% |
| Q1 2025 | 2025-03-31 | $35.8M | $9.6M | +36.42% |
| Q4 2024 | 2024-12-31 | $26.7M | $6.5M | +32.42% |
| Q3 2024 | 2024-09-30 | $19.4M | −$515,000 | −2.58% |
| Q2 2024 | 2024-06-30 | $22.7M | −$1.8M | −7.19% |
| Q1 2024 | 2024-03-31 | $26.3M | $4,000 | +0.02% |
| Q4 2023 | 2023-12-31 | $20.1M | −$11.0M | −35.35% |
| Q3 2023 | 2023-09-30 | $19.9M | −$9.5M | −32.29% |
| Q2 2023 | 2023-06-30 | $24.4M | −$4.8M | −16.54% |
| Q1 2023 | 2023-03-31 | $26.2M | $1.4M | +5.57% |
| Q4 2022 | 2022-12-31 | $31.2M | $6.9M | +28.29% |
| Q3 2022 | 2022-09-30 | $29.4M | $12.0M | +68.62% |
| Q2 2022 | 2022-06-30 | $29.2M | $13.4M | +84.09% |
| Q1 2022 | 2022-03-31 | $24.9M | $8.8M | +55.22% |
| Q4 2021 | 2021-12-31 | $24.3M | $10.6M | +77.07% |
| Q3 2021 | 2021-09-30 | $17.5M | $9.6M | +122.19% |
| Q2 2021 | 2021-06-30 | $15.9M | $6.8M | +75.57% |
| Q1 2021 | 2021-03-31 | $16.0M | $12.4M | +345.41% |
| Q4 2020 | 2020-12-31 | $13.7M | $4.2M | +43.75% |
| Q3 2020 | 2020-09-30 | $7.9M | $2.7M | +51.97% |
| Q2 2020 | 2020-06-30 | $9.0M | $4.0M | +78.06% |
| Q1 2020 | 2020-03-31 | $3.6M | −$2.3M | −38.58% |
| Q4 2019 | 2019-12-31 | $9.5M | $3.6M | +60.29% |
| Q3 2019 | 2019-09-30 | $5.2M | −$993,000 | −16.12% |
| Q2 2019 | 2019-06-30 | $5.1M | −$3.3M | −39.38% |
| Q1 2019 | 2019-03-31 | $5.9M | $437,000 | +8.07% |
| Q4 2018 | 2018-12-31 | $6.0M | $2.5M | +72.60% |
| Q3 2018 | 2018-09-30 | $6.2M | $3.3M | +114.59% |
| Q2 2018 | 2018-06-30 | $8.4M | $3.4M | +68.43% |
| Q1 2018 · Mar 31 | 2018-03-31 | $5.4M | $861,000 | +18.89% |
| Q4 2017 | 2017-12-31 | $3.4M | −$9.0M | −72.19% |
| Q1 2018 · Sep 30 | 2017-09-30 | $2.9M | −$6.8M | −70.40% |
| Q4 2017 · Jun 30 | 2017-06-30 | $5.0M | −$2.4M | −32.74% |
| Q3 2017 | 2017-03-31 | $4.6M | −$5.9M | −56.60% |
| Q2 2017 | 2016-12-31 | $12.4M | $4.2M | +51.22% |
| Q1 2017 | 2016-09-30 | $9.7M | $1.3M | +15.48% |
| Q4 2016 | 2016-06-30 | $7.4M | −$16.7M | −69.29% |
| Q3 2016 | 2016-03-31 | $10.5M | $5.7M | +118.75% |
| Q2 2016 | 2015-12-31 | $8.2M | $700,000 | +9.33% |
| Q1 2016 | 2015-09-30 | $8.4M | $700,000 | +9.09% |
| Q4 2015 | 2015-06-30 | $24.1M | $5.2M | +27.51% |
| Q3 2015 | 2015-03-31 | $4.8M | −$21.5M | −81.75% |
| Q2 2015 | 2014-12-31 | $7.5M | −$11.1M | −59.68% |
| Q1 2015 | 2014-09-30 | $7.7M | −$8.7M | −53.05% |
| Q4 2014 | 2014-06-30 | $18.9M | −$1.4M | −6.67% |
| Q3 2014 | 2014-03-31 | $26.3M | $13.8M | +110.40% |
| Q2 2014 | 2013-12-31 | $18.6M | $400,000 | +2.20% |
| Q1 2014 | 2013-09-30 | $16.4M | $11.7M | +245.26% |
| Q4 2013 | 2013-06-30 | $20.3M | $16.7M | +477.58% |
| Q3 2013 | 2013-03-31 | $12.5M | $9.7M | +347.23% |
| Q2 2013 | 2012-12-31 | $18.2M | $7.7M | +73.18% |
| Q1 2013 | 2012-09-30 | $4.8M | −$1.3M | −21.14% |
| Q4 2012 | 2012-06-30 | $3.5M | −$4.9M | −58.42% |
| Q1 2012 · Mar 31 | 2012-03-31 | $2.8M | −$4.5M | −61.72% |
| Q4 2011 | 2011-12-31 | $10.5M | — | — |
| Q1 2012 · Sep 24 | 2011-09-24 | $6.0M | −$3.0M | −33.51% |
| Q2 2011 | 2011-06-25 | $8.4M | $710,000 | +9.20% |
| Q1 2011 | 2011-03-26 | $7.3M | — | — |
| Q3 2010 | 2010-09-25 | $9.1M | — | — |
| Q2 2010 | 2010-06-26 | $7.7M | — | — |
Vaxart operating expenses trends
Over the last five fiscal years, Vaxart's operating expenses increased from $34.2M to $219.2M, a change of $185.0M. The latest reported quarter, Q2 2026, shows $40.4M.
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.
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