Bavarian Nordic revenue and financials

BAVA · Nasdaq Copenhagen · DKK

kr 220.60Change from previous close: −0.45%Absolute change: −kr 1.00

Close · October 7, 2026

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%.

Annual revenue · 2025: kr 6.24B
  1. kr 3.15B2022
  2. kr 7.06B2023
  3. kr 5.72B2024
  4. kr 6.24B2025

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.

Balance sheet · Annual
Item20252024202320222021
Total assets14,95514,40614,35312,391—
Current assets6,7375,7875,4034,485—
Cash and equivalents1,7141,6231,477575—
Short-term investments1,6195523902,270—
Inventory2,5142,3271,644919—
Net property, plant and equipment2,1692,2422,4531,751—
Other intangible assets5,9606,3316,4825,943—
Current liabilities1,5982,7972,7882,287—
Accounts payable9681,045954606—
Long-term debt10.913.115.1583—
Total debt1311281451,759—
Total liabilities2,0842,9974,0135,241—
Total equity (incl. minority)12,87011,40910,3407,150—
Retained earnings11,81710,4349,3306,301—