Novavax (NVAX) Cost of Revenue (2011 - 2026)
Novavax's Cost of Revenue was $14.25 million in Q2 2026, down 7.0% from $15.33 million a year earlier and down 53.6% from the prior quarter.
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Analysis
Novavax (NVAX) Cost of Revenue (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Novavax's Cost of Revenue was $88.54 million through Jun 30, 2026, down 30.1% year-over-year; for FY2025, it came in at $73.04 million, down 64.0% from FY2024.
- Cost of Revenue has now declined for three consecutive years, with a three-year compound annual growth rate of -56.7% (FY2022 to FY2025).
- In earlier years, Cost of Revenue was $202.74 million in FY2024 (-41.0%), $343.77 million in FY2023 (-61.9%) and $902.64 million in FY2022.
- The Q2 2026 figure marks the lowest quarterly Cost of Revenue since Q1 2025.
- Compared with a year earlier, Cost of Revenue was higher in 1 of the last eight quarters, with an average decline of 31.5%.
- The best year-over-year quarter for Cost of Revenue over five years was Q1 2023 (growth of 124.2%); the worst was Q2 2023 (a decline of 79.4%).
- Per Business Quant data, NVAX's Cost of Revenue in the three quarters before Q2 2026 was $30.7 million (Q1 2026), $22.1 million (Q4 2025) and $21.5 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,076.25 Bn | 1,044.84 Bn | 19.71 Bn | 3.27 Bn |
| 2 | Johnson & Johnson | 617.18 Bn | 535.70 Bn | 17.26 Bn | 8.05 Bn |
| 3 | AbbVie | 464.58 Bn | 437.73 Bn | 12.70 Bn | 4.29 Bn |
| 4 | Merck | 356.04 Bn | 310.47 Bn | 12.21 Bn | 4.40 Bn |
| 5 | Novartis Ag | 269.07 Bn | 224.94 Bn | 11.24 Bn | 3.71 Bn |
| 6 | Astrazeneca | 243.21 Bn | 216.77 Bn | 12.86 Bn | 2.52 Bn |
| 7 | Amgen | 217.88 Bn | 173.28 Bn | 7.24 Bn | 2.81 Bn |
| 8 | Gilead Sciences | 179.62 Bn | 153.74 Bn | 6.22 Bn | 1.58 Bn |
| 9 | Pfizer | 158.45 Bn | 105.40 Bn | 10.94 Bn | 4.09 Bn |
| 10 | Novavax | 1.72 Bn | -1.28 Bn | 42.45 Mn | 14.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.25 Mn |
| Mar 31, 2026 | 30.70 Mn |
| Dec 31, 2025 | 22.10 Mn |
| Sep 30, 2025 | 21.50 Mn |
| Jun 30, 2025 | 15.33 Mn |
| Mar 31, 2025 | 14.12 Mn |
| Dec 31, 2024 | 36.67 Mn |
| Sep 30, 2024 | 60.62 Mn |
| Jun 30, 2024 | 46.24 Mn |
| Mar 31, 2024 | 59.21 Mn |
| Dec 31, 2023 | 154.98 Mn |
| Sep 30, 2023 | 98.93 Mn |
| Jun 30, 2023 | 55.78 Mn |
| Mar 31, 2023 | 34.09 Mn |
| Dec 31, 2022 | 181.77 Mn |
| Sep 30, 2022 | 434.59 Mn |
| Jun 30, 2022 | 271.08 Mn |
| Mar 31, 2022 | 15.20 Mn |
| Sep 30, 2015 | 2.75 Mn |
| Jun 30, 2015 | 2.69 Mn |
API Access
Novavax Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NVAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NVAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NVAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();