Growth Metrics

Novavax (NVAX) EBITDA (2016 - 2025)

Novavax has reported EBITDA over the past 16 years, most recently at $14.2 million for Q4 2025.

  • Quarterly results put EBITDA at $14.2 million for Q4 2025, up 110.86% from a year ago — trailing twelve months through Dec 2025 was $452.8 million (up 281.9% YoY), and the annual figure for FY2025 was $452.8 million, up 281.9%.
  • EBITDA for Q4 2025 was $14.2 million at Novavax, up from -$178.0 million in the prior quarter.
  • Over the last five years, EBITDA for NVAX hit a ceiling of $515.5 million in Q1 2025 and a floor of -$825.0 million in Q4 2021.
  • Median EBITDA over the past 5 years was -$139.4 million (2024), compared with a mean of -$134.7 million.
  • Biggest five-year swings in EBITDA: crashed 1931.06% in 2021 and later surged 455.94% in 2025.
  • Novavax's EBITDA stood at -$825.0 million in 2021, then surged by 70.44% to -$243.9 million in 2022, then increased by 24.73% to -$183.6 million in 2023, then rose by 28.59% to -$131.1 million in 2024, then surged by 110.86% to $14.2 million in 2025.
  • The last three reported values for EBITDA were $14.2 million (Q4 2025), -$178.0 million (Q3 2025), and $101.1 million (Q2 2025) per Business Quant data.