Vaxart annual r&d spending
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Vaxart R&D Spending Growth & History (VXRT)
Vaxart's r&d spending was $201.6M for fiscal 2025.
View full Vaxart company overviewVaxart annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $201.6M | $127.4M | +171.62% |
| 2024 | 2024-12-31 | $74.2M | $6.1M | +8.91% |
| 2023 | 2023-12-31 | $68.1M | −$12.9M | −15.93% |
| 2022 | 2022-12-31 | $81.1M | $32.3M | +66.27% |
| 2021 | 2021-12-31 | $48.7M | $28.9M | +145.43% |
| 2020 | 2020-12-31 | $19.9M | $5.3M | +36.61% |
| 2019 | 2019-12-31 | $14.5M | −$2.7M | −15.83% |
| 2018 | 2018-12-31 | $17.3M | $4.9M | +39.82% |
| 2017 · Dec 31 | 2017-12-31 | $12.4M | — | — |
| 2017 · Jun 30 | 2017-06-30 | $28.3M | $2.0M | +7.60% |
| 2016 | 2016-06-30 | $26.3M | $6.5M | +32.83% |
| 2015 | 2015-06-30 | $19.8M | $2.3M | +13.14% |
| 2014 | 2014-06-30 | $17.5M | −$2.4M | −12.06% |
| 2013 | 2013-06-30 | $19.9M | −$4.2M | −17.43% |
| 2012 | 2012-06-30 | $24.1M | −$9.4M | −28.06% |
| 2011 · Dec 31 | 2011-12-31 | $17.8M | −$8.3M | −31.88% |
| 2011 · Jun 30 | 2011-06-30 | $33.5M | — | — |
| 2010 | 2010-12-25 | $26.1M | $9.6M | +58.14% |
| 2009 | 2009-12-26 | $16.5M | — | — |
Vaxart quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $33.8M | −$16.0M | −32.13% |
| Q1 2026 | 2026-03-31 | $29.4M | −$1.3M | −4.33% |
| Q4 2025 | 2025-12-31 | $45.1M | $22.5M | +99.30% |
| Q3 2025 | 2025-09-30 | $75.9M | $60.9M | +404.10% |
| Q2 2025 | 2025-06-30 | $49.7M | $32.3M | +184.53% |
| Q1 2025 | 2025-03-31 | $30.7M | $11.7M | +61.70% |
| Q4 2024 | 2024-12-31 | $22.7M | $7.9M | +54.06% |
| Q3 2024 | 2024-09-30 | $15.1M | $64,000 | +0.43% |
| Q2 2024 | 2024-06-30 | $17.5M | −$1.3M | −7.09% |
| Q1 2024 | 2024-03-31 | $19.0M | −$609,000 | −3.10% |
| Q4 2023 | 2023-12-31 | $14.7M | −$5.8M | −28.12% |
| Q3 2023 | 2023-09-30 | $15.0M | −$7.5M | −33.22% |
| Q2 2023 | 2023-06-30 | $18.8M | −$1.1M | −5.59% |
| Q1 2023 | 2023-03-31 | $19.6M | $1.4M | +7.80% |
| Q4 2022 | 2022-12-31 | $20.5M | $4.9M | +31.74% |
| Q3 2022 | 2022-09-30 | $22.5M | $10.1M | +81.05% |
| Q2 2022 | 2022-06-30 | $19.9M | $9.2M | +85.58% |
| Q1 2022 | 2022-03-31 | $18.2M | $8.1M | +80.71% |
| Q4 2021 | 2021-12-31 | $15.5M | $6.9M | +80.77% |
| Q3 2021 | 2021-09-30 | $12.4M | $7.8M | +168.83% |
| Q2 2021 | 2021-06-30 | $10.7M | $5.6M | +109.95% |
| Q1 2021 | 2021-03-31 | $10.1M | $8.5M | +553.24% |
| Q4 2020 | 2020-12-31 | $8.6M | $5.3M | +161.05% |
| Q3 2020 | 2020-09-30 | $4.6M | $903,000 | +24.32% |
| Q2 2020 | 2020-06-30 | $5.1M | $1.4M | +37.96% |
| Q1 2020 | 2020-03-31 | $1.5M | −$2.3M | −59.73% |
| Q4 2019 | 2019-12-31 | $3.3M | −$1.2M | −26.44% |
| Q3 2019 | 2019-09-30 | $3.7M | −$668,000 | −15.25% |
| Q2 2019 | 2019-06-30 | $3.7M | −$1.3M | −26.04% |
| Q1 2019 | 2019-03-31 | $3.8M | $421,000 | +12.35% |
| Q4 2018 | 2018-12-31 | $4.5M | $2.0M | +78.96% |
| Q3 2018 | 2018-09-30 | $4.4M | $2.1M | +94.97% |
| Q2 2018 | 2018-06-30 | $5.0M | $688,000 | +15.91% |
| Q1 2018 · Mar 31 | 2018-03-31 | $3.4M | −$471,000 | −12.14% |
| Q4 2017 | 2017-12-31 | $2.5M | −$7.7M | −75.49% |
| Q1 2018 · Sep 30 | 2017-09-30 | $2.2M | −$5.4M | −70.43% |
| Q4 2017 · Jun 30 | 2017-06-30 | $4.3M | −$1.7M | −27.93% |
| Q3 2017 | 2017-03-31 | $3.9M | −$4.6M | −54.36% |
| Q2 2017 | 2016-12-31 | $10.2M | $3.9M | +61.90% |
| Q1 2017 | 2016-09-30 | $7.6M | $2.1M | +38.18% |
| Q4 2016 | 2016-06-30 | $6.0M | $700,000 | +13.21% |
| Q3 2016 | 2016-03-31 | $8.5M | $3.7M | +77.08% |
| Q2 2016 | 2015-12-31 | $6.3M | $1.5M | +31.25% |
| Q1 2016 | 2015-09-30 | $5.5M | $600,000 | +12.24% |
| Q4 2015 | 2015-06-30 | $5.3M | −$900,000 | −14.52% |
| Q3 2015 | 2015-03-31 | $4.8M | $700,000 | +17.07% |
| Q2 2015 | 2014-12-31 | $4.8M | $600,000 | +14.29% |
| Q1 2015 | 2014-09-30 | $4.9M | $1.9M | +63.33% |
| Q4 2014 | 2014-06-30 | $6.2M | $0 | 0.00% |
| Q3 2014 | 2014-03-31 | $4.1M | −$400,000 | −8.89% |
| Q2 2014 | 2013-12-31 | $4.2M | −$400,000 | −8.70% |
| Q1 2014 | 2013-09-30 | $3.0M | −$1.6M | −34.78% |
| Q4 2013 | 2013-06-30 | $6.2M | $4.9M | +366.17% |
| Q3 2013 | 2013-03-31 | $4.5M | −$1.2M | −21.23% |
| Q2 2013 | 2012-12-31 | $4.6M | −$1.1M | −19.68% |
| Q1 2013 | 2012-09-30 | $4.6M | $212,000 | +4.83% |
| Q4 2012 | 2012-06-30 | $1.3M | −$5.1M | −79.40% |
| Q1 2012 · Mar 31 | 2012-03-31 | $5.7M | $378,000 | +7.09% |
| Q4 2011 | 2011-12-31 | $5.7M | — | — |
| Q1 2012 · Sep 24 | 2011-09-24 | $4.4M | −$2.4M | −35.48% |
| Q2 2011 | 2011-06-25 | $6.5M | −$69,000 | −1.06% |
| Q1 2011 | 2011-03-26 | $5.3M | — | — |
| Q3 2010 | 2010-09-25 | $6.8M | — | — |
| Q2 2010 | 2010-06-26 | $6.5M | — | — |
Vaxart r&d spending trends
Over the last five fiscal years, Vaxart's r&d spending increased from $19.9M to $201.6M, a change of $181.7M. The latest reported quarter, Q2 2026, shows $33.8M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Vaxart source filings ↗