Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

Vaxcyte, Inc.
Next earnings Aug 4, 2026 · consensus $-2.02 EPS
Last earnings +2.6% on 2026-05-06
Pre-revenue vaccine developer burning $656M a year on binary Phase 3 bets — uninvestable on fundamentals.
Vaxcyte is a clinical-stage vaccine company developing next-generation pneumococcal conjugate vaccines. It has no product revenue, and the loss profile is large and widening: a net loss of -$767M in FY2025 (worse by 65.2%), an operating loss of -$924M, and diluted EPS of -$5.63. R&D spending surged 66.6% to $794M as the company funds its late-stage clinical programs, and losses have escalated every year shown (-$100M in FY2021 to -$767M in FY2025), with an accumulated deficit of -$2.15B. There is simply no earnings or revenue base on which to underwrite the stock — its value rests entirely on clinical-trial outcomes.
Sources: SEC EDGAR (CIK 0001649094, latest 10-Q filed 2026-05-06) · EODHD · analysis by claude-code · as of 6/21/2026, 8:54:29 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | -$104M | -$232M | -$468M | -$570M | -$924M |
| Net income | -$100M | -$223M | -$402M | -$464M | -$767M |
| Diluted EPS | -$1.93 | -$3.44 | -$4.14 | -$3.80 | -$5.63 |
| Net margin | — | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
2 buys · 1 member · last 180d
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 5 sales
| 2026-06-18 | PICKERING GRANT CHIEF EXECUTIVE OFFICER | Exercise | 225.00 @ $1.79 | $402.75 |
| 2026-06-18 | PICKERING GRANT CHIEF EXECUTIVE OFFICER | Sell | 225.00 @ $52.51 | $11.8K |
| 2026-06-18 | PICKERING GRANT CHIEF EXECUTIVE OFFICER | Sell | 22.2K @ $52.50 | $1.17M |
| 2026-06-18 | PICKERING GRANT CHIEF EXECUTIVE OFFICER | Sell | 1.00K @ $52.50 | $52.5K |
| 2026-06-18 | PICKERING GRANT CHIEF EXECUTIVE OFFICER | Sell | 1.00K @ $52.50 | $52.5K |
| 2026-06-18 | GUGGENHIME ANDREW PRESIDENT AND CFO | Exercise | 10.0K @ $5.35 | $53.5K |
| 2026-06-18 | GUGGENHIME ANDREW PRESIDENT AND CFO | Sell | 10.0K @ $53.00 | $530K |
| 2026-06-15 | Paya Carlos V Director | Award | 2.27K | |
| 2026-06-15 | BRANDICOURT OLIVIER Director | Award | 2.19K | |
| 2026-06-15 | Furey John Director | Award | 2.27K | |
| 2026-06-15 | Lee Jacks Director | Award | 2.27K | |
| 2026-06-15 | Gilbert Halley E Director | Award | 2.27K |