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GeoVax Labs (GOVX) earnings and revenue breakdown

Latest: Q2 2025 · 10-Q filed Jul 28, 2025 · GeoVax Labs (GOVX) Q2 2025 earnings results →

Q2 2025 Revenue up 184% year over year to $852K · 630¢ of every $1 of revenue lost · operating margin -635.8%

GeoVax Labs made $852K in Q2 2025 (+184% Y/Y). Operating margin -635.8%, net loss $5.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Jul 28, 2025.

Revenue$852K
Year over year+184%
Operating margin-635.8%
Net earnings−$5.4M
Operating cash flow−$4.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $852K in Q2 2025, up 183% year over year and down 48% from the previous quarter.

Operating costs exceeded revenue by $5.4M, an operating margin of -635.8%. Total costs grew 17% against revenue growth of 183%. The fastest-growing cost line was General & admin (+42%). The quarter ended with a net loss of $5.4M, wider than the previous quarter's $5.4M loss.

Operating cash flow was −$4.3M. Non-cash charges added back $17K of depreciation and amortization and $293K of share-based compensation. Working capital and other items added $726K. Capital expenditures of $11K exceeded it, leaving free cash flow of −$4.3M.

Quarterly history

GeoVax Labs revenue by quarterGeoVax Labs revenue by quarter$864KQ4 2024$1.6MQ1 2025$852KQ2 2025
GeoVax Labs net earnings by quarterGeoVax Labs net earnings by quarter−$8.3MQ4 2024−$5.4MQ1 2025−$5.4MQ2 2025
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202510-QJul 28, 2025$852K+184%-635.8%−$5.4M−$4.3M
Q1 202510-QMay 1, 2025$1.6M—-330.2%−$5.4M−$6.0M
Q4 202410-KMar 27, 2025$864K—-965.3%−$8.3M−$7.8M

Charts

GeoVax Labs: where the cash came from (+) and went (−), TTM to Q2 2026GeoVax Labs: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$18.4MOperating cash flow−$18.4MCash drawn (+) / kept (−)−$50K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
GeoVax Labs: profit against cash, quarter by quarterGeoVax Labs: profit against cash, quarter by quarterNet incomeOperating cash flow−$5.8M−$9.3MQ3 2024−$8.3M−$7.8MQ4 2024−$5.4M−$6.0MQ1 2025−$5.4M−$4.3MQ2 2025−$6.3M−$6.2MQ3 2025−$4.4M−$5.0MQ4 2025−$5.3M−$3.5MQ1 2026−$4.4M−$3.7MQ2 2026
Latest (Q2 2026): Net income −$4.4M, Operating cash flow −$3.7M.
GeoVax Labs in its industry: growth against margin (225 companies, SIC 2834)GeoVax Labs in its industry: growth against margin (225 companies, SIC 2834)revenue growth, year over year →↑ operating marginmedian +11%median -50%JNJLLYMRKABBVPFEBMYABTREGNTEVAVTRSVRTXBHCZTSONCOGNALNYELANJAZZBMRNPRGOAMRXUTHRRPRXNRIXINSMKeenova Therapeutics plcALKSMDGLPAHCSRPTPTCTINDVBBIOACADCORTPBHANIPKNSAPTGXHRMYIONSAXSMTGTXSUPNTVTXCOLLVREOFAMPHMIRMPCRXRARELQDAARQTIRWDARDXNATRXNCREBSZLABXERSINVACRMDMNKDRYTMURGNPHATAUPHSNDXRIGLLGNDEOLSARWRPGENHROWVNDAOPKSDGRGERNETONAGIOPBYITNGXCYRXCYTKMRVIORGONUVBLFVNSIGAKROSAMRNZVRASPRYHRTXAKBABCYCKPTIGYREMGNXELTPSEPNVRDNLFCRCrinetics Pharmaceuticals, Inc.VSTMKURATBPHLABADCTNAMSFBIOXLODERMARCTRMTIAYTUFHTXENTATNXPOCULASMBWVEAPMDBFRIABEOSTOKLXRXCAPRIDYANKTRZOMDFINBPJANXSBFMGOSSETSTRCUSCPIXLIFDCUEAQSTPRAXWHWKVERUEMMAGENBVRCACELUQUREZYMEEQABCLIMNMKYNBAKTSRNACVSICNTBTRAWISCOEVFMTVRDLPCNCAMPAtaiBeckley Inc.CTMXALMSPMHSACRSVTGNROIVKRROJAGXENSCKRSAABUSPRPHSTTKCPHITRDATXMDNWBOBIOEUPBIRDOVIDSPRBXBIOPRTAMCRBARVNMNOVSLNIGCBIOALGVNDNTHCPMDSPRORFLCOYASCYXBFRGSXTPBTAIQHCWBSERYARWRNACRGBPAVTXCLNNNTHIHINDAAGHALTONCOCRVOSKVIBOLTBDPTLYELIBOPULMGOVX (+184%, -100%)
Pharmaceutical Preparations; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About GeoVax Labs

GeoVax Labs, Inc. is a clinical-stage biotechnology company focused on the development of vaccines and immunotherapies addressing high-consequence infectious diseases and solid tumor cancers. GeoVax’s priority program is GEO-MVA, a Modified Vaccinia Ankara (MVA)–based vaccine targeting mpox and smallpox. The program is advancing under an expedited regulatory pathway, with plans to initiate a pivotal Phase 3 clinical trial in the second half of 2026, to address critical global needs for expanded orthopoxvirus vaccine supply and biodefense preparedness. In oncology, GeoVax is developing Gedeptin®, a gene-directed enzyme prodrug therapy (GDEPT) designed to enhance immune checkpoint inhibitor activity.

In its own words, from its 8-K, filed Jul 27, 2026.

GeoVax Labs against its Pharmaceutical Preparations peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +184% against the peers' median +10%. Operating margin: -635.8% against the peers' median 20.4%.

CompanyQuarterRevenueY/YOp. margin
GOVX GeoVax LabsQ2 2025$852K+184%-635.8%
JNJ Johnson & JohnsonQ3 2026$25.4B+6%0.1%
LLY ELI LillyQ3 2026$24.4B+39%34.5%
MRK MerckQ3 2026$18.1B+5%30.7%
ABBV AbbVieQ3 2026$17.4B+10%36.0%
PFE PfizerQ3 2026$16.6B-0.4%20.4%
BMY Bristol Myers SquibbQ3 2026$13.1B+7%19.4%
ABT Abbott LaboratoriesQ3 2026$13.0B+14%10.4%
REGN Regeneron PharmaceuticalsQ3 2026$5.1B+36%40.0%

Source: GeoVax Labs 10-Q on SEC EDGAR · CIK 832489 · Pharmaceutical Preparations

13F: who owns GOVX and who is buying

Largest holders of GOVX (13F)Largest holders of GOVX (13F)Jane Street Group, LLC$400KGeode Capital Management, LLC$27KStoneX Group$14KTwo Sigma Securities, LLC$14KVanguard Fiduciary Trust$6KTower Research Capital LLC$4KVanguard Capital Management LLC$4KSBI Securities$3KMorgan Stanley$3KJones Financial Companies Lllp$1K
Funds' net buying of GOVX by quarter (13F)Funds' net buying of GOVX by quarter (13F)$1K2025-12$443K2026-03$42K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GOVX

History

Every quarter: Q2 2025 results · Q1 2025 results · Q4 2024 results

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