Bavarian Nordic revenue and financials
kr 220.40Change from previous close: −0.54%Absolute change: −kr 1.20
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Total revenue | 2,034 | 1,058 | 1,451 | 1,795 | 1,652 | — |
| Cost of revenue | 803 | 584 | 890 | 902 | 738 | — |
| Gross profit | 1,231 | 474 | 561 | 893 | 914 | — |
| Selling, general and administrative | 319 | 306 | -243 | 415 | 249 | — |
| Research and development | 163 | 175 | 182 | 133 | 293 | — |
| Operating income | 749 | -7.0 | 20.0 | 1,155 | 371 | — |
| EBIT | 763 | 24.7 | 30.4 | 1,171 | 375 | — |
| EBITDA | 939 | 197 | 242 | 1,342 | 546 | — |
| Interest expense | 3.6 | 1.4 | 2.2 | 1.4 | 1.6 | — |
| Pre-tax income | 760 | 23.3 | 28.2 | 1,170 | 373 | — |
| Income tax | 28.0 | 6.4 | 327 | 77.0 | 10.8 | — |
| Net income | 732 | 17.0 | -299 | 1,093 | 363 | — |
| Net income to common shareholders | 732 | 17.0 | -299 | 1,093 | 363 | — |
| Basic EPS | 8.90 | 0.20 | — | 13.70 | 3.30 | 2.70 |
| Diluted EPS | 8.90 | 0.20 | — | 13.70 | 3.30 | 2.70 |
| Average shares (basic) | 82.2 | 84.8 | — | 79.8 | 77.9 | 81.0 |
| Average shares (diluted) | 82.2 | 84.8 | — | 79.8 | 77.9 | 81.0 |