Novavax (NVAX) Invested Capital (2010 - 2026)

Novavax (NVAX) recorded quarterly Invested Capital of $146.3 million in Q1 2026, up 25.6% quarter-over-quarter from $116.5 million in Q4 2025, and up 293.38% on a YoY basis from $37.2 million in Q1 2025.

Novavax (NVAX) Invested Capital (2010 - 2026) Analysis & Trends

Novavax's Invested Capital history runs 17 years deep, the most recent figure standing at $146.3 million for Q1 2026.

  • In Q1 2026, Invested Capital rose 293.38% year-over-year to $146.3 million; the TTM figure through Mar 2026 stood at $146.3 million (up 293.38% YoY), while the FY2025 annual figure was $116.5 million, up 120.68% from the prior year.
  • Invested Capital was $146.3 million for Q1 2026 at Novavax, up from $116.5 million in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $146.3 million in Q1 2026 to a low of -$895.6 million in Q1 2023.
  • Historically, Invested Capital has averaged -$406.9 million across 5 years, with a median of -$526.4 million in 2024.
  • The sharpest annual moves came in 2023 and 2026: Invested Capital slumped 1470.98% in 2023, then soared 293.38% in 2026.
  • A 5-year view of Invested Capital shows it stood at -$634.1 million in 2022, then declined by 13.07% to -$716.9 million in 2023, then climbed by 21.46% to -$563.1 million in 2024, then soared by 120.68% to $116.5 million in 2025, then rose by 25.6% to $146.3 million in 2026.
  • The last three Invested Capital figures came in at $146.3 million (Q1 2026), $116.5 million (Q4 2025), and -$156.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 7.14 Bn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 795.79 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 595,226.00
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn 1.00 Bn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 14.38 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 19.36 Bn
9 Abivax 91.96 Bn 91.96 Bn - 502.95 Mn
10 Novavax 1.49 Bn 931.98 Mn 108.82 Mn 146.28 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 146.28 Mn
Dec 31, 2025 116.46 Mn
Sep 30, 2025 -156.67 Mn
Jun 30, 2025 37.63 Mn
Mar 31, 2025 -75.64 Mn
Dec 31, 2024 -563.11 Mn
Sep 30, 2024 -526.44 Mn
Jun 30, 2024 -431.71 Mn
Mar 31, 2024 -867.08 Mn
Dec 31, 2023 -716.93 Mn
Sep 30, 2023 -678.35 Mn
Jun 30, 2023 -754.52 Mn
Mar 31, 2023 -895.58 Mn
Dec 31, 2022 -634.08 Mn
Sep 30, 2022 -565.99 Mn
Jun 30, 2022 -416.95 Mn
Mar 31, 2022 65.32 Mn
Dec 31, 2021 -351.67 Mn
Sep 30, 2021 461.34 Mn
Jun 30, 2021 745.56 Mn