MARKETS / BALCAO / VXRT
BALCAO · BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) · MID CAP

Vaxart, Inc. VXRT

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$237.3M
▲ 726.7% vs FY2024
EPS · FY25
Dividend / sh · FY25
Payout · FY25
ROE · FY25
22.3%
Net margin · FY25
6.9%
Dividend coverage
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Result
USD 237.3M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.080.160.240.20.02009201220152018202120242025
0.080.160.240.20.02016201920222025

7 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS
0.40.81.22009201220152018202120242025
0.40.81.22016201920222025

The company pays no cash dividend.

Profitability
22.3%
Return on equity, FY2025
ROE
8162422.3%2009201220152018202120242025
8162422.3%2016201920222025
Operating margin7.6%
Net margin6.9%
Return on assets9.3%

Each USD of equity produced 22 cents of profit this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+125.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+1204.0%
+125.8%
+38.3%
+21.7%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years+118.1%
Change, 10 years

The share count grew 118% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 186.1M
total assets, end of FY2025
Total assetsUSD 186.1M
EquityUSD 87.8M
CashUSD 53.8M
Current ratio1.57×

Equity funds 47% of total assets.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
Operating income $B
0.0
−0.1
−0.1
−0.1
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EBITDA $B
0.0
−0.1
−0.1
−0.1
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
0.0
·
−0.0
−0.0
0.0
−0.0
−0.0
·
Net income $B
0.0
−0.1
−0.1
−0.1
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
22.3
−114.7
−97.9
−72.3
−45.3
−47.3
−154.3
·
·
−90.6
−43.9
−24.4
−14.2
−14.0
−27.3
−28.4
−19.2
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
48 of 48
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed