EVAXNasdaqBiological Products, (No Diagnostic Substances)US GAAP · USD

Evaxion A/S

Evaxion A/S is a clinical-stage biotech company focused on developing vaccines and other drug candidates using its AI-Immunology™ platform. The company is based in Copenhagen, Denmark and operates as a research-driven developer of immunology-based therapeutics for infectious disease, cancer, and autoimmune applications.

Liikevaihto7,5milj. USD
+125,1 %v/v
Liikevoitto (EBIT)−7,7milj. USD
+25,5 %v/v
EBIT-marginaali−102,8%
+208,0 %-yks.v/v
Nettotulos−7,7milj. USD
+27,1 %v/v
Vapaa kassavirta−6,6milj. USD
+48,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−30−20−10010milj. USD2022: 0,00 milj. USD2022: EBIT −23 milj. USD20222023: 0,07 milj. USD2023: EBIT −22 milj. USD20232024: 3,3 milj. USD2024: EBIT −10 milj. USD20242025: 7,5 milj. USD2025: EBIT −7,7 milj. USD20257,5−7,7
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
AI-Immunology™ platform20 %

AI-based discovery tools used to identify immune targets and design candidates.

Cancer vaccine programs30 %

Therapeutic vaccine candidates aimed at oncology indications such as AML.

Infectious disease vaccine programs20 %

Vaccine development programs for infectious disease targets including polio-related work.

Autoimmune disease programs15 %

Research programs applying the platform to autoimmune disease targets.

Partnered R&D and grants15 %

Collaborative research activity and grant-supported development work.

Asiakkaat

Evaxion's direct customers are typically pharmaceutical, biotechnology, and research partners that license, fund, or collaborate on vaccine and immunology programs. It also depends on grant providers and public-interest funders for selected research projects, while future commercial demand would come from healthcare partners and developers seeking novel therapeutic candidates.

Pharmaceutical partners

License or co-develop vaccine and drug candidates discovered through the platform.

Biotechnology collaborators

Work with Evaxion on early-stage programs and platform validation.

Grant foundations

Fund specific public-health research projects such as vaccine design work.

Academic and research partners

Use Evaxion's AI-enabled discovery approach for translational immunology work.

Strategia

Evaxion's strategy centers on advancing its AI-Immunology™ platform to generate differentiated vaccine and immunology candidates across multiple disease areas. It also emphasizes external validation through partners, investors, and research collaborations to broaden awareness of the platform and support program progression.

Advance pipeline candidatesKeskipitkä aikaväli

Progressing candidates is required to create value from the discovery platform.

Broaden platform validationLyhyt aikaväli

External proof points improve credibility with partners and investors.

Expand disease-area reachPitkä aikaväli

Applying the platform across multiple indications increases optionality.

Maantiede

Evaxion is headquartered in Copenhagen, Denmark, but its equity listing and investor base are international. The business is research-led and therefore relies more on partner networks, grants, and clinical collaboration channels than on physical manufacturing footprint.

Riskit

Evaxion faces typical clinical-stage biotech risks: programs may fail in preclinical or clinical testing, timelines can extend materially, and value depends on successfully advancing a small number of assets. The company also carries liquidity, foreign exchange, and valuation-estimate risk because it has limited recognized revenue and relies on funding, grants, collaborations, and equity-linked instruments.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Liquidity risk1Program failure in preclinical or clinical development2Warrant and share-based compensation volatility3Foreign exchange risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Liquidity riskVaikutus: KorkeaTodennäköisyys: Korkea

    The company has not recognized meaningful revenue and depends on external funding.

    Kohdistuu: Operating cash needs and ongoing R&D

  2. Program failure in preclinical or clinical developmentVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Value depends on a small pipeline advancing successfully through testing.

    Kohdistuu: Therapeutic vaccines and AI-discovered candidates

  3. Warrant and share-based compensation volatilityVaikutus: KeskitasoTodennäköisyys: Korkea

    Equity-linked instruments and stock compensation can move reported expenses and liabilities.

    Kohdistuu: Derivative liability and employee incentives

  4. Foreign exchange riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    International collaboration and reporting can create currency mismatches.

    KohdistuuDKKUSDOther cross-border cash flows

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Revenue may be limited to grants or collaboration-related amounts and depends on contract terms.

Vaikutus: Affects comparability because revenue can be intermittent or nominal

Going concern

Clinical-stage companies often rely on financing to continue operations.

Vaikutus: Can influence disclosures and investor assessment of funding runway

Warrants and derivative liabilities

Liability-classified warrants are measured at fair value and can reprice each period.

Vaikutus: May create non-cash gains or losses in the income statement

Share-based compensation

Employee and management incentives are a material operating expense item.

Vaikutus: Raises reported R&D and G&A expense without cash outflow

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

Evaxion A/S (EVAX) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo