NVAX

Value Q1, 25Q2, 25Q3, 25Q4, 25Q1, 26Q2, 26 Current Total common shares outstanding 161.97 M162.42 M162.5 M162.94 M164.44 M164.95 M 164.95 M Enterprise value 950.5 M945.63 M1.39 B1.1 B1.11 B1.36 B 1.31 B Price to earnings ratio 2.332.654.592.6-19.85-6.98 -6.76 Price to sales ratio 0.831.011.421.042.333.79 3.67 Price to cash flow ratio 5.837.857.67-4.76-16.89-45.95 -44.5 Price to book ratio 0.580.761.53-9.11-3.42-2.51 -2.43 Enterprise value to EBITDA ratio 2.32.684.492.29—— — Return on assets % 0.40.08-0.170.01-0.01-0.06 -0.06 Return on equity % -6.862.831.29-0.140.070.28 0.28 Return on invested capital % 204.359.91-140.7310.81-14.62-54.91 -54.91 Gross margin % 97.8893.5969.4984.987874.87 74.87 Operating margin % 77.3342.25-252.79.67-11.06-96.84 -96.84 EBITDA margin % 77.3942.43-252.139.93—— — Net margin % 77.844.52-287.2911.91-6.8-94.16 -94.16 Quick ratio 2.032.342.242.12.452.3 2.3 Current ratio 2.062.362.272.132.482.33 2.33 Inventory turnover 0.030.110.040.020.370.15 0.15 Asset turnover 0.470.180.060.120.130.06 0.06 Debt to assets ratio 0.140.130.210.21—— — Debt to equity ratio -2.324.68-1.59-1.93—— — Long term debt to total assets ratio -0-0-0.01-0.010.280.31 0.31 Long term debt to total equity ratio 0.07-0.120.050.06-2.01-1.53 -1.53 Operating cash flow per share -1.04-0.720.66-0.23-0.2-0.44 -0.21 EBIT per share 2.90.57-1.10.08-0.09-0.33 -1.44 EBITDA per share 2.90.57-1.090.08—— — Total debt per share 0.990.991.531.43—— — Cash per share 4.123.464.74.254.844.37 4.37 Net current asset value per share 4.895.1965.655.214.69 4.69 Tangible book value per share -0.430.21-1.66-1.39-1.58-1.84 -1.84 Working capital per share 2.512.993.362.993.112.68 2.68 Book value per share -0.430.21-0.97-0.74-0.89-1.16 -1.16