Bavarian Nordic revenue and financials
kr 222.40Change from previous close: +2.49%Absolute change: +kr 5.40
In the fiscal year ended December 2025, Bavarian Nordic reported revenue of kr 6.24B (+9.23% year over year). Net income was kr 1.38B, a net margin of 22.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +9.23%
- 2025 vs 2024
- Net income growth
- +39.21%
- 2025 vs 2024
- Net margin
- 22.0%
- 2024: 17.3%
Financial data
Amounts in millions of DKK; per-share values in DKK; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | 6,244 | 5,716 | 7,062 | 3,151 |
| Cost of revenue | 3,195 | 2,897 | 2,459 | 1,450 |
| Gross profit | 3,049 | 2,819 | 4,603 | 1,701 |
| Selling, general and administrative | 671 | 456 | 872 | 589 |
| Research and development | 780 | 863 | 2,228 | 1,183 |
| Operating income | 1,804 | 940 | 1,503 | -70.8 |
| EBIT | 1,812 | 1,049 | 1,588 | -212 |
| EBITDA | 2,527 | 1,674 | 2,142 | 187 |
| Interest expense | 11.2 | 77.9 | 106 | 120 |
| Pre-tax income | 1,801 | 971 | 1,483 | -332 |
| Income tax | 426 | -16.6 | 7.8 | 15.8 |
| Net income | 1,375 | 988 | 1,475 | -347 |
| Net income to common shareholders | 1,375 | 988 | 1,475 | -347 |
| Basic EPS | 17.60 | 12.60 | 19.20 | -4.90 |
| Diluted EPS | 17.60 | 12.60 | 19.20 | -4.90 |
| Average shares (basic) | 78.0 | 78.1 | 76.7 | 70.4 |
| Average shares (diluted) | 78.0 | 78.1 | 76.7 | 70.4 |