Novavax Q1 revenue $140M, net loss $9M; Pfizer Matrix-M deal adds $30M upfront

NOVAVAX INC

2026-Q1 EPS reported -$0.06 revenue$139,514,000

Total revenue $140M, down 79% YoY; prior-year included $603M non-cash APA close-out.
Net loss $9M vs net income $519M in Q1 2025; cash $795M, up from $751M.
Pfizer non-exclusive Matrix-M license yielded $30M upfront, potential milestones up to $500M.
Matrix-M partnering expanded: four top-10 pharma companies exploring over 30 fields; new MTAs signed.
FY 2026 guidance reiterated: Non-GAAP combined R&D+SG&A $310-340M; cash position strengthened by $330M credit facility.

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