Vaxart, Inc. revenue by segment VXRT

Vaxart, Inc. splits its revenue into 6 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Government Contract at $224.5 million, 95% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2026
Sep 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Jun 30, 2017
FY 2016
Jun 30, 2016
Revenue
181
237
29
7
0
1
4
10
4
9
9
Government Contract
—
225
+803.2%
share 94.6%
25
share 86.6%
—
—
—
—
-0
share -0.2%
—
—
—
License
—
9
share 3.7%
—
—
—
—
—
—
—
—
—
Royalty
—
—
—
—
—
—
3
-33.4%
share 73.2%
4
share 45.1%
—
—
—
Non Cash Royalty Revenue
—
2
-49.8%
share 0.8%
4
-2.0%
share 13.4%
4
+3563.6%
share 53.1%
0
-87.8%
share 100.0%
1
-0.8%
share 98.5%
1
share 21.9%
—
—
—
—
Customer Service Contracts
—
—
—
—
—
0
-93.4%
share 1.5%
0
-51.2%
share 4.9%
0
share 4.1%
—
—
—
Grant
—
—
0
-100.0%
share 0.0%
3
share 46.9%
0
share 0.0%
—
—
—
—
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry
Biological Products, (No Diagnostic Substances) (SIC 2836)
Listed as
VXRT (OTC)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
South San Francisco, CA
SEC filer status
Accelerated filer, Smaller reporting company
SEC CIK
72444
Former names
Aviragen Therapeutics, Inc. (until Feb 15, 2018); Biota Pharmaceuticals, Inc. (until Apr 13, 2016); NABI BIOPHARMACEUTICALS (until Nov 8, 2012); NABI BIOPHARMACEUTICALS (until Jun 29, 2010); NABI /DE/ (until Feb 14, 2002)

Other Biological Products, (No Diagnostic Substances) companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.