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 · Quarterly
ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025
Total assets14,72314,10214,95515,16013,906—
Current assets6,6905,9676,7376,8875,516—
Cash and equivalents7776931,7142,0931,221—
Short-term investments1,5811,5991,619885442—
Inventory2,6812,6632,5142,5172,646—
Net property, plant and equipment2,1422,1672,1692,1892,198—
Other intangible assets5,7955,8775,9606,0216,129—
Current liabilities1,0249221,5981,7951,649—
Accounts payable3323499681,0981,103—
Long-term debt9.810.310.911.412.0—
Total debt131139131134136—
Total liabilities1,5051,4142,0842,0011,857—
Total equity (incl. minority)13,21712,68812,87013,15912,049—
Retained earnings12,15211,63011,81712,06810,885—