EVAX: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	8m	3m	73,000	0
Research and development	10m	10m	12m	17m
Selling, general and administrative	7m	8m	10m	8m
Operating income	−9m	−15m	−22m	−25m
Pre-tax income	−9m	−11m	−23m	−24m
Income tax	−908,000	−788,000	−790,000	−772,000
Net income	−8m	−11m	−22m	−23m
Earnings per share	−0.02	−0.20	−0.81	−0.98

Metric	Aug 18, 2026	Dec 31, 2025	Jan 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and equivalents	—	23m	—	6m	6m	13m	32m
Current assets	—	25m	—	9m	8m	—	—
Property, plant and equipment	—	3m	—	4m	4m	—	—
Total assets	—	28m	—	12m	13m	—	—
Current liabilities	—	4m	—	4m	7m	—	—
Short-term debt	—	190,000	—	159,000	159,000	—	—
Long-term debt	—	5m	—	8m	8m	8m	—
Total liabilities	—	11m	—	14m	18m	—	—
Equity	—	104m	78m	−2m	−5m	8m	32m

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating cash flow	−7m	−13m	−18m	−26m
Share-based compensation	307,000	357,000	479,000	—
Capital expenditure	11,000	0	87,000	292,000
Investing cash flow	−14,000	−3,000	−93,000	−268,000
Financing cash flow	22m	13m	11m	8m