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CureVac (CVAC) Financials

CureVac logo
$4.09 -0.07 (-1.68%)
Closing price 05/23/2025 04:00 PM Eastern
Extended Trading
$4.15 +0.06 (+1.56%)
As of 05/23/2025 06:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for CureVac

Annual Income Statements for CureVac

This table shows CureVac's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Net Income / (Loss) Attributable to Common Shareholders
168 -288 -266 -466 -158 -112 -82
Consolidated Net Income / (Loss)
168 -288 -266 -466 -158 -112 -82
Net Income / (Loss) Continuing Operations
168 -288 -266 -466 -158 -112 -82
Total Pre-Tax Income
198 -288 -267 -467 -159 -112 -81
Total Operating Income
198 -288 -267 -467 -159 -112 -83
Total Gross Profit
433 -54 -85 572 47 -6.91 -5.58
Total Revenue
578 88 117 855 92 27 15
Operating Revenue
578 88 117 855 92 27 -
Total Cost of Revenue
145 142 202 283 45 34 20
Operating Cost of Revenue
145 142 202 283 45 34 20
Total Operating Expenses
235 234 181 1,039 205 105 78
Selling, General & Admin Expense
77 106 114 116 66 57 29
Research & Development Expense
158 128 67 923 139 49 48
Total Other Income / (Expense), net
0.00 0.00 0.00 0.00 0.00 0.00 1.94
Income Tax Expense
30 0.22 -0.13 -0.89 -0.89 -0.28 0.13
Basic Earnings per Share
$0.75 ($1.18) ($1.32) ($2.21) ($0.98) ($1.03) -
Weighted Average Basic Shares Outstanding
224.34M 223.99M 194.95M - 187.12M - -
Diluted Earnings per Share
$0.75 ($1.18) ($1.32) ($2.21) ($0.98) ($1.03) -
Weighted Average Diluted Shares Outstanding
224.34M 223.99M 194.95M - 187.12M - -
Weighted Average Basic & Diluted Shares Outstanding
224.34M 223.99M 194.95M - 187.12M - -

Quarterly Income Statements for CureVac

No quarterly income statements for CureVac are available.


Annual Cash Flow Statements for CureVac

This table details how cash moves in and out of CureVac's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Net Change in Cash & Equivalents
81 -102 -339 -584 1,584 49 -90
Net Cash From Operating Activities
105 -296 -306 -830 638 -3.74 -85
Net Cash From Continuing Operating Activities
86 -323 -336 -932 658 -3.74 -78
Net Income / (Loss) Continuing Operations
198 -288 -267 -467 -159 0.00 -81
Consolidated Net Income / (Loss)
198 -288 -267 -467 -159 - -81
Non-Cash Adjustments To Reconcile Net Income
27 51 115 -398 48 -0.65 -6.74
Changes in Operating Assets and Liabilities, net
-139 -113 -210 -85 756 -11 5.36
Net Cash From Investing Activities
-19 -61 -100 -145 -55 53 -4.88
Net Cash From Continuing Investing Activities
-19 -61 -100 -145 -55 53 -17
Purchase of Property, Plant & Equipment
-19 -61 -100 -145 -58 - -17
Acquisitions
0.00 0.00 -0.30 0.00 0.00 - -
Net Cash From Financing Activities
-5.29 255 68 390 1,002 0.00 -0.13
Net Cash From Continuing Financing Activities
-5.29 255 -4.52 425 971 0.00 -0.13
Repayment of Debt
-5.29 -5.74 -4.52 -32 -119 - -0.13
Issuance of Common Equity
0.00 261 0.00 457 1,060 0.00 0.00

Quarterly Cash Flow Statements for CureVac

No quarterly cash flow statements for CureVac are available.


Annual Balance Sheets for CureVac

This table presents CureVac's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Total Assets
831 872 921 1,311 1,846 147
Total Current Assets
545 529 625 1,064 1,698 64
Cash & Equivalents
499 445 530 918 1,616 34
Accounts Receivable
15 16 6.73 21 1.24 18
Inventories, net
0.56 27 37 64 18 6.95
Prepaid Expenses
17 26 43 56 59 1.89
Current Deferred & Refundable Income Taxes
6.00 5.75 0.30 - - -
Other Current Assets
2.86 3.05 - - 0.99 -
Other Current Nonoperating Assets
3.75 2.94 4.80 5.26 3.20 1.64
Plant, Property, & Equipment, net
212 262 212 190 81 54
Plant, Property & Equipment, gross
212 262 212 190 81 54
Total Noncurrent Assets
74 80 84 57 67 28
Intangible Assets
26 31 34 15 17 6.39
Noncurrent Deferred & Refundable Income Taxes
5.27 - 1.39 3.24 0.54 0.00
Other Noncurrent Operating Assets
43 48 49 38 49 22
Total Liabilities & Shareholders' Equity
831 872 921 1,311 1,846 147
Total Liabilities
110 300 350 532 977 195
Total Current Liabilities
75 206 167 405 302 32
Accounts Payable
18 53 79 145 26 7.27
Current Deferred & Payable Income Tax Liabilities
19 - 0.65 0.84 0.48 0.12
Other Current Liabilities
38 152 88 260 276 24
Total Noncurrent Liabilities
35 94 183 127 675 163
Capital Lease Obligations
35 41 40 29 33 14
Noncurrent Deferred & Payable Income Tax Liabilities
0.23 - - - - 1.82
Other Noncurrent Operating Liabilities
0.00 53 143 98 642 75
Total Equity & Noncontrolling Interests
721 572 570 779 869 -48
Total Preferred & Common Equity
721 572 570 779 869 -48
Total Common Equity
721 572 570 779 869 -48
Common Stock
28 30 25 25 26 13
Retained Earnings
-1,453 -1,732 -1,397 -1,196 -788 -579
Accumulated Other Comprehensive Income / (Loss)
0.04 -0.07 -0.15 -0.04 0.07 0.02
Other Equity Adjustments
2,146 2,274 1,944 1,956 1,630 518

Quarterly Balance Sheets for CureVac

No quarterly balance sheets for CureVac are available.


Annual Metrics And Ratios for CureVac

This table displays calculated financial ratios and metrics derived from CureVac's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Growth Metrics
- - - - - - -
Revenue Growth
555.77% -24.70% -86.31% 831.90% 242.92% 81.59% 0.00%
EBITDA Growth
175.50% -8.53% 46.31% -208.49% -39.55% -32.02% 0.00%
EBIT Growth
168.71% -7.89% 42.91% -194.32% -41.17% -34.82% 0.00%
NOPAT Growth
183.40% -7.89% 42.91% -194.32% -41.17% -34.82% 0.00%
Net Income Growth
158.33% -8.03% 42.83% -195.42% -40.73% -37.47% 0.00%
EPS Growth
157.10% 10.61% 40.27% -125.51% 4.85% 0.00% 0.00%
Operating Cash Flow Growth
135.58% 3.21% 63.10% -230.02% 17,145.78% 95.59% 0.00%
Free Cash Flow Firm Growth
127.68% 23.98% 59.36% -252.53% 850.11% 0.00% 0.00%
Invested Capital Growth
53.15% 114.01% 164.80% 83.87% -29,144.36% 0.00% 0.00%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics
- - - - - - -
Gross Margin
74.90% -60.99% -72.80% 66.93% 50.93% -25.84% -37.86%
EBITDA Margin
34.20% -297.07% -206.12% -52.54% -158.71% -390.00% -536.42%
Operating Margin
34.20% -326.43% -227.83% -54.61% -172.92% -420.06% -565.80%
EBIT Margin
34.20% -326.43% -227.83% -54.61% -172.92% -420.06% -565.80%
Profit (Net Income) Margin
29.06% -326.68% -227.71% -54.51% -171.95% -419.00% -553.50%
Tax Burden Percent
84.97% 100.08% 99.95% 99.81% 99.44% 99.75% 100.15%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 97.68%
Effective Tax Rate
15.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
80.66% -171.03% 0.00% 0.00% 0.00% -6,371.59% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
80.66% -151.96% 0.00% 0.00% 0.00% -6,503.97% 0.00%
Return on Net Nonoperating Assets (RNNOA)
-54.69% 120.64% 0.00% 0.00% 0.00% 6,838.27% 0.00%
Return on Equity (ROE)
25.97% -50.39% -39.48% -56.54% -38.43% 466.67% 0.00%
Cash Return on Invested Capital (CROIC)
38.67% -243.65% -503.20% 0.00% 0.00% -6,571.59% 0.00%
Operating Return on Assets (OROA)
23.20% -32.09% -23.89% -29.57% -15.92% -76.65% 0.00%
Return on Assets (ROA)
19.72% -32.11% -23.88% -29.52% -15.83% -76.46% 0.00%
Return on Common Equity (ROCE)
25.97% -50.39% -39.48% -56.54% -38.43% 466.67% 0.00%
Return on Equity Simple (ROE_SIMPLE)
23.28% -50.33% -46.70% -59.80% -18.15% 233.34% 0.00%
Net Operating Profit after Tax (NOPAT)
168 -201 -187 -327 -111 -79 -58
NOPAT Margin
29.06% -228.50% -159.48% -38.23% -121.04% -294.04% -396.06%
Net Nonoperating Expense Percent (NNEP)
0.00% -19.07% -11.48% -11.22% -6.08% 132.37% 0.00%
Return On Investment Capital (ROIC_SIMPLE)
22.21% - - - - - -
Cost of Revenue to Revenue
25.10% 160.99% 172.80% 33.07% 49.07% 125.84% 137.86%
SG&A Expenses to Revenue
13.28% 120.13% 97.84% 13.52% 72.29% 212.80% 196.48%
R&D to Revenue
27.42% 145.31% 57.20% 108.02% 151.56% 181.41% 324.16%
Operating Expenses to Revenue
40.70% 265.44% 155.03% 121.55% 223.86% 394.22% 529.07%
Earnings before Interest and Taxes (EBIT)
198 -288 -267 -467 -159 -112 -83
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
198 -262 -241 -449 -146 -104 -79
Valuation Ratios
- - - - - - -
Price to Book Value (P/BV)
1.06 1.44 1.98 7.95 1.24 0.00 0.00
Price to Tangible Book Value (P/TBV)
1.10 1.52 2.10 8.10 1.27 0.00 0.00
Price to Revenue (P/Rev)
1.32 9.32 9.64 7.24 11.78 7.98 14.48
Price to Earnings (P/E)
4.55 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
21.98% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
1.19 2.59 8.51 0.00 0.00 107.52 0.00
Enterprise Value to Revenue (EV/Rev)
0.52 4.73 5.45 6.20 0.00 9.92 0.00
Enterprise Value to EBITDA (EV/EBITDA)
1.52 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
1.52 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
1.79 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
2.85 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
3.73 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - -
Debt to Equity
0.05 0.07 0.07 0.04 0.04 -1.80 0.00
Long-Term Debt to Equity
0.05 0.07 0.07 0.04 0.04 -1.80 0.00
Financial Leverage
-0.68 -0.79 -1.03 -1.51 -1.87 -1.05 0.00
Leverage Ratio
1.32 1.57 1.65 1.92 2.43 -3.05 0.00
Compound Leverage Factor
1.32 1.57 1.65 1.92 2.43 -3.05 0.00
Debt to Total Capital
4.61% 6.65% 6.51% 3.56% 3.64% 224.63% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
4.61% 6.65% 6.51% 3.56% 3.64% 224.63% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
95.39% 93.35% 93.49% 96.44% 96.36% -124.63% 0.00%
Debt to EBITDA
0.18 -0.16 -0.16 -0.06 -0.23 -0.83 0.00
Net Debt to EBITDA
-2.35 1.55 2.03 1.98 10.87 -0.50 0.00
Long-Term Debt to EBITDA
0.18 -0.16 -0.16 -0.06 -0.23 -0.83 0.00
Debt to NOPAT
0.21 -0.20 -0.21 -0.09 -0.30 -1.10 0.00
Net Debt to NOPAT
-2.76 2.01 2.63 2.72 14.26 -0.66 0.00
Long-Term Debt to NOPAT
0.21 -0.20 -0.21 -0.09 -0.30 -1.10 0.00
Altman Z-Score
3.88 -1.68 -0.42 5.79 0.74 -6.95 0.00
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - -
Current Ratio
7.28 2.57 3.74 2.63 5.61 2.04 0.00
Quick Ratio
6.85 2.24 3.23 2.32 5.35 1.70 0.00
Cash Flow Metrics
- - - - - - -
Free Cash Flow to Firm (FCFF)
80 -287 -377 -928 609 -81 0.00
Operating Cash Flow to CapEx
552.22% -485.30% -306.98% -573.20% 1,103.23% 0.00% -503.36%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 -269.49
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 -323.03
Efficiency Ratios
- - - - - - -
Asset Turnover
0.68 0.10 0.10 0.54 0.09 0.18 0.00
Accounts Receivable Turnover
37.98 7.80 8.45 77.08 9.73 1.52 0.00
Inventory Turnover
9.45 4.41 4.03 6.95 3.64 4.84 0.00
Fixed Asset Turnover
2.44 0.37 0.58 6.29 1.36 0.50 0.00
Accounts Payable Turnover
4.08 2.15 1.81 3.31 2.67 4.63 0.00
Days Sales Outstanding (DSO)
9.61 46.78 43.17 4.74 37.50 240.26 0.00
Days Inventory Outstanding (DIO)
38.61 82.73 90.66 52.50 100.18 75.41 0.00
Days Payable Outstanding (DPO)
89.38 169.50 201.43 110.42 136.88 78.79 0.00
Cash Conversion Cycle (CCC)
-41.17 -39.98 -67.60 -53.19 0.80 236.88 0.00
Capital & Investment Metrics
- - - - - - -
Invested Capital
252 160 75 -116 -717 2.47 0.00
Invested Capital Turnover
2.78 0.75 -5.75 -2.05 -0.26 21.67 0.00
Increase / (Decrease) in Invested Capital
87 85 191 601 -720 2.47 0.00
Enterprise Value (EV)
300 416 638 5,302 -502 265 0.00
Market Capitalization
764 821 1,128 6,192 1,081 213 213
Book Value per Share
$3.22 $2.93 $3.05 $4.32 $4.64 ($3.60) $0.00
Tangible Book Value per Share
$3.10 $2.77 $2.87 $4.23 $4.55 ($4.08) $0.00
Total Capital
756 613 610 808 902 39 0.00
Total Debt
35 41 40 29 33 87 0.00
Total Long-Term Debt
35 41 40 29 33 87 0.00
Net Debt
-464 -404 -491 -890 -1,583 52 0.00
Capital Expenditures (CapEx)
19 61 100 145 58 -43 17
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-29 -122 -73 -259 -220 -1.79 0.00
Debt-free Net Working Capital (DFNWC)
470 323 458 659 1,395 33 0.00
Net Working Capital (NWC)
470 323 458 659 1,395 33 0.00
Net Nonoperating Expense (NNE)
0.00 86 80 139 47 33 23
Net Nonoperating Obligations (NNO)
-469 -411 -496 -895 -1,586 51 0.00
Total Depreciation and Amortization (D&A)
0.00 26 25 18 13 8.04 4.33
Debt-free, Cash-free Net Working Capital to Revenue
-4.96% -138.70% -62.17% -30.34% -240.19% -6.69% 0.00%
Debt-free Net Working Capital to Revenue
81.36% 366.64% 391.19% 77.09% 1,521.13% 122.04% 0.00%
Net Working Capital to Revenue
81.36% 366.64% 391.19% 77.09% 1,521.13% 122.04% 0.00%
Earnings Adjustments
- - - - - - -
Adjusted Basic Earnings per Share
$0.75 ($1.18) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
224.34M 223.99M 0.00 0.00 0.00 0.00 0.00
Adjusted Diluted Earnings per Share
$0.75 ($1.18) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
224.34M 223.99M 0.00 0.00 0.00 0.00 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
224.34M 223.99M 0.00 0.00 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)
168 -201 -187 -327 -111 -79 -58
Normalized NOPAT Margin
29.06% -228.50% -159.48% -38.23% -121.04% -294.04% -396.06%
Pre Tax Income Margin
34.20% -326.43% -227.83% -54.61% -172.92% -420.06% -552.65%
Debt Service Ratios
- - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 -264.81
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 -185.37
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 -318.35
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 -238.91
Payout Ratios
- - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for CureVac

No quarterly metrics and ratios for CureVac are available.


Frequently Asked Questions About CureVac's Financials

When does CureVac's financial year end?

According to the most recent income statement we have on file, CureVac's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has CureVac's net income changed over the last 6 years?

CureVac's net income appears to be on a downward trend, with a most recent value of $167.88 million in 2024, falling from -$81.54 million in 2018. The previous period was -$287.80 million in 2023. See where experts think CureVac is headed by visiting CureVac's forecast page.

What is CureVac's operating income?
CureVac's total operating income in 2024 was $197.58 million, based on the following breakdown:
  • Total Gross Profit: $432.73 million
  • Total Operating Expenses: $235.14 million
How has CureVac revenue changed over the last 6 years?

Over the last 6 years, CureVac's total revenue changed from $14.73 million in 2018 to $577.72 million in 2024, a change of 3,821.8%.

How much debt does CureVac have?

CureVac's total liabilities were at $109.95 million at the end of 2024, a 63.4% decrease from 2023, and a 43.5% decrease since 2019.

How much cash does CureVac have?

In the past 5 years, CureVac's cash and equivalents has ranged from $34.44 million in 2019 to $1.62 billion in 2020, and is currently $498.66 million as of their latest financial filing in 2024.

How has CureVac's book value per share changed over the last 6 years?

Over the last 6 years, CureVac's book value per share changed from 0.00 in 2018 to 3.22 in 2024, a change of 321.9%.



This page (NASDAQ:CVAC) was last updated on 5/25/2025 by MarketBeat.com Staff
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