DVAX Chart
About

Dynavax Technologies Corporation, a commercial stage biopharmaceutical company, focuses on developing and commercializing vaccines in the United States and internationally. The company offers HEPLISAV-B, a hepatitis B vaccine for prevention of infection caused by all known subtypes of hepatitis B virus in adults aged 18 years and older; and CpG 1018, the adjuvant used in HEPLISAV-B. It also develops rF1V, a plague vaccine candidate in Phase 2 clinical trial; and Z-1018, an investigational vaccine candidate in Phase 1/2 clinical trial for the prevention of shingles in adults aged 50 years and older, as well as HEPLISAV-B for adults on hemodialysis. The company sells its products to hospitals and clinics, integrated delivery networks, public health clinics and prisons, the Department of Defense, the Department of Veterans Affairs, and retail pharmacies through wholesalers and specialty distributors. It has a collaboration agreement with the U.S. Department of Defense; Coalition for Epidemic Preparedness Innovations; Zhejiang Clover Biopharmaceuticals, Inc.; Clover Biopharmaceuticals (Hong Kong) Co., Limited; and Biological E. Limited. The company was formerly known as Double Helix Corporation and changed its name to Dynavax Technologies Corporation in September 1996. Dynavax Technologies Corporation was incorporated in 1996 and is headquartered in Emeryville, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Drug Manufacturers - Spe Market Cap 1.82B
Enterprise Value 1.46B Income -43.40M Sales 330.51M
Book/sh 4.55 Cash/sh 5.52 Dividend Yield
Payout 0.00% Employees 405 IPO Feb 19, 2004
P/E Forward P/E 46.97 PEG
P/S 5.51 P/B 3.41 P/C
EV/EBITDA 60.37 EV/Sales 4.42 Quick Ratio 6.78
Current Ratio 7.62 Debt/Eq 54.15 LT Debt/Eq
EPS (ttm) -0.37 EPS next Y 0.33 EPS Growth 69.30%
Revenue Growth 17.70% Earnings 2025-11-05 16:00 ROA 1.20%
ROE -7.14% ROIC Gross Margin 61.60%
Oper. Margin 24.77% Profit Margin -13.13% Shs Outstand 113.68M
Shs Float 100.34M Short Float 13.19% Short Ratio 2.81
Short Interest 52W High 15.73 52W Low 0.00
Beta 0.93 Avg Volume 3.22M Volume 0.00
Target Price $16.00 Recom Strong_buy Prev Close $15.50
Price $15.50 Change 0.00%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$16.00
Mean price target
2. Current target
$15.50
Latest analyst target
3. DCF / Fair value
$8.12
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$15.50
Low
$16.00
High
$16.00
Mean
$16.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-24 down William Blair Outperform → Market Perform
2025-08-22 reit JMP Securities Market Outperform → Market Outperform $32
2025-08-08 main JMP Securities Market Outperform → Market Outperform $32
2025-05-07 main JMP Securities Market Outperform → Market Outperform $31
2025-04-17 main Goldman Sachs Sell → Sell $10
2025-02-21 main Citizens Capital Markets Market Outperform → Market Outperform $33
2025-02-21 reit HC Wainwright & Co. Buy → Buy $31
2025-02-11 down Goldman Sachs Neutral → Sell $12
2025-01-14 main HC Wainwright & Co. Buy → Buy $31
2024-11-08 reit HC Wainwright & Co. Buy → Buy $29
2024-10-15 reit HC Wainwright & Co. Buy → Buy $29
2024-08-08 main Goldman Sachs Neutral → Neutral $15
2024-08-07 reit HC Wainwright & Co. Buy → Buy $29
2024-06-28 reit HC Wainwright & Co. Buy → Buy $29
2024-05-14 reit HC Wainwright & Co. Buy → Buy $29
2024-05-09 reit HC Wainwright & Co. Buy → Buy $29
2024-02-01 init Goldman Sachs — → Neutral $20
2023-11-03 main JMP Securities Market Outperform → Market Outperform $27
2023-11-03 main HC Wainwright & Co. Buy → Buy $28
2023-08-04 reit HC Wainwright & Co. Buy → Buy $27
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 92424 Stock Award(Grant) at price 0.00 per share. SLEBIR JOHN L General Counsel 2026-02-10 00:00:00 D
1 124224 Stock Award(Grant) at price 0.00 per share. NOVACK DAVID F President 2026-02-10 00:00:00 D
2 301000 Stock Award(Grant) at price 0.00 per share. SPENCER RYAN Chief Executive Officer 2026-02-10 00:00:00 D
3 88854 Stock Award(Grant) at price 0.00 per share. MACDONALD KELLY Chief Financial Officer 2026-02-10 00:00:00 D
4 114000 1782960.0 Sale at price 15.64 per share. NOVACK DAVID F President 2026-01-15 00:00:00 D
5 114000 1120280.0 Conversion of Exercise of derivative security at price 6.80 - 10.47 per share. NOVACK DAVID F President 2026-01-15 00:00:00 D
6 30000 464700.0 Sale at price 15.49 per share. NOVACK DAVID F President 2025-12-24 00:00:00 D
7 71408 240800.0 Conversion of Exercise of derivative security at price 6.80 - 10.47 per share. NOVACK DAVID F President 2025-12-24 00:00:00 D
8 33750 Stock Award(Grant) at price 0.00 per share. SLEBIR JOHN L General Counsel 2025-12-23 00:00:00 D
9 30808 nan SLEBIR JOHN L General Counsel 2025-12-23 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.00-2.38M10.88K-535.86K
TaxRateForCalcs0.120.210.000.01
NormalizedEBITDA45.70M20.98M304.90M149.34M
TotalUnusualItems0.00-11.31M2.80M-53.59M
TotalUnusualItemsExcludingGoodwill0.00-11.31M2.80M-53.59M
NetIncomeFromContinuingOperationNetMinorityInterest27.31M-6.39M293.16M76.71M
ReconciledDepreciation8.05M7.28M6.67M7.06M
ReconciledCostOfRevenue49.45M50.17M262.15M173.57M
EBITDA45.70M9.67M307.70M95.75M
EBIT37.65M2.39M301.03M88.70M
NetInterestIncome29.67M25.24M1.18M-11.04M
InterestExpense6.79M6.76M6.73M11.18M
InterestIncome36.46M31.99M7.91M140.00K
NormalizedIncome27.31M2.55M290.37M129.76M
NetIncomeFromContinuingAndDiscontinuedOperation27.31M-6.39M293.16M76.71M
TotalExpenses281.37M258.00M440.16M305.96M
TotalOperatingIncomeAsReported-4.12M-37.03M283.52M134.49M
DilutedAverageShares133.34M128.73M150.80M133.01M
BasicAverageShares130.05M128.73M126.40M116.26M
DilutedEPS0.20-0.051.970.57
BasicEPS0.21-0.052.320.62
DilutedNIAvailtoComStockholders27.31M-6.39M296.40M75.69M
AverageDilutionEarnings0.000.003.53M3.55M
NetIncomeCommonStockholders27.31M-6.39M292.87M72.14M
OtherunderPreferredStockDividend0.000.00283.00K4.57M
NetIncome27.31M-6.39M293.16M76.71M
NetIncomeIncludingNoncontrollingInterests27.31M-6.39M293.16M76.71M
NetIncomeContinuousOperations27.31M-6.39M293.16M76.71M
TaxProvision3.55M2.02M1.14M808.00K
PretaxIncome30.86M-4.37M294.30M77.52M
OtherIncomeExpense5.31M-3.89M10.60M-44.93M
OtherNonOperatingIncomeExpenses5.31M7.42M7.80M8.66M
SpecialIncomeCharges0.00-11.31M1.00M-4.23M
GainOnSaleOfPPE0.001.00M1.00M1.00M
OtherSpecialCharges5.23M
WriteOff0.0012.31M0.000.00
RestructuringAndMergernAcquisition0.00
GainOnSaleOfSecurity1.80M-49.35M
NetNonOperatingInterestIncomeExpense29.67M25.24M1.18M-11.04M
InterestExpenseNonOperating6.79M6.76M6.73M11.18M
InterestIncomeNonOperating36.46M31.99M7.91M140.00K
OperatingIncome-4.12M-25.71M282.52M133.49M
OperatingExpense231.92M207.83M178.01M132.38M
ResearchAndDevelopment61.55M54.89M46.60M32.23M
SellingGeneralAndAdministration170.37M152.95M131.41M100.16M
GeneralAndAdministrativeExpense170.37M152.95M131.41M100.16M
OtherGandA64.99M59.94M55.42M42.13M
SalariesAndWages105.38M93.01M75.98M58.03M
GrossProfit227.80M182.12M460.53M265.87M
CostOfRevenue49.45M50.17M262.15M173.57M
TotalRevenue277.25M232.28M722.68M439.44M
OperatingRevenue268.43M213.29M713.64M437.10M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber125.45M129.53M127.60M122.94M
ShareIssued125.45M129.53M127.60M122.94M
NetDebt127.97M72.42M19.57M
TotalDebt254.42M256.91M258.01M257.38M
TangibleBookValue594.85M620.00M579.01M220.25M
InvestedCapital820.65M844.77M802.59M442.86M
WorkingCapital770.31M796.92M766.91M416.12M
NetTangibleAssets594.85M620.00M579.01M220.25M
CapitalLeaseObligations30.56M34.22M36.43M36.89M
CommonStockEquity596.80M622.07M581.01M222.37M
TotalCapitalization820.65M844.77M802.59M442.86M
TotalEquityGrossMinorityInterest596.80M622.07M581.01M222.37M
StockholdersEquity596.80M622.07M581.01M222.37M
GainsLossesNotAffectingRetainedEarnings-4.72M-2.11M-5.44M-2.27M
OtherEquityAdjustments-4.72M-2.11M-5.44M
RetainedEarnings-903.27M-930.58M-924.20M-1.22B
AdditionalPaidInCapital1.50B1.55B1.51B1.44B
CapitalStock125.00K130.00K128.00K123.00K
CommonStock125.00K130.00K128.00K123.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest389.46M375.02M404.84M816.87M
TotalNonCurrentLiabilitiesNetMinorityInterest310.82M312.83M254.76M260.47M
OtherNonCurrentLiabilities244.00K74.00K384.00K5.66M
NonCurrentAccruedExpenses60.34M60.34M0.00
LongTermDebtAndCapitalLeaseObligation250.24M252.42M254.38M254.81M
LongTermCapitalLeaseObligation26.39M29.72M32.80M34.32M
LongTermDebt223.85M222.70M221.58M220.49M
CurrentLiabilities78.63M62.20M150.07M556.40M
OtherCurrentLiabilities22.00K24.00K18.03M
CurrentDeferredLiabilities0.00349.86M
CurrentDeferredRevenue0.00349.86M
CurrentDebtAndCapitalLeaseObligation4.17M4.50M3.63M2.58M
CurrentCapitalLeaseObligation4.17M4.50M3.63M2.58M
PayablesAndAccruedExpenses74.44M57.67M146.44M185.93M
CurrentAccruedExpenses65.38M52.43M143.23M183.33M
Payables9.06M5.25M3.21M2.60M
AccountsPayable9.06M5.25M3.21M2.60M
TotalAssets986.26M997.10M985.85M1.04B
TotalNonCurrentAssets137.31M137.98M68.86M66.73M
OtherNonCurrentAssets74.76M74.33M3.52M3.62M
GoodwillAndOtherIntangibleAssets1.95M2.07M2.01M2.12M
Goodwill1.95M2.07M2.01M2.12M
NetPPE60.61M61.58M63.34M60.98M
AccumulatedDepreciation-34.17M-31.83M-27.52M-25.38M
GrossPPE94.78M93.42M90.86M86.36M
Leases36.53M37.20M28.82M27.63M
ConstructionInProgress10.12M5.82M11.61M9.94M
OtherProperties39.76M42.87M43.24M40.99M
MachineryFurnitureEquipment8.36M7.53M7.18M7.80M
Properties0.000.000.000.00
CurrentAssets848.94M859.12M916.99M972.52M
OtherCurrentAssets18.15M19.00M85.63M73.76M
PrepaidAssets0.00159.66M
Inventory70.05M53.29M59.45M61.34M
FinishedGoods12.85M7.08M9.99M19.95M
WorkInProcess14.57M18.95M23.93M14.75M
RawMaterials42.64M27.26M25.52M26.64M
Receivables46.91M44.53M147.51M131.82M
OtherReceivables1.62M3.93M2.38M15.60M
AccountsReceivable45.28M40.61M145.13M116.22M
AllowanceForDoubtfulAccountsReceivable-12.31M-12.31M0.00
GrossAccountsReceivable57.59M52.92M145.13M
CashCashEquivalentsAndShortTermInvestments713.83M742.30M624.39M545.95M
OtherShortTermInvestments617.95M592.02M422.39M109.76M
CashAndCashEquivalents95.88M150.28M202.00M436.19M
CashEquivalents83.73M139.09M172.42M429.19M
CashFinancial12.16M11.19M29.59M7.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow60.16M96.46M55.58M326.05M
RepurchaseOfCapitalStock-100.00M0.000.00
RepaymentOfDebt0.000.00-190.19M
IssuanceOfDebt0.000.00219.82M
IssuanceOfCapitalStock0.000.0028.16M
CapitalExpenditure-6.35M-4.10M-7.14M-9.48M
InterestPaidSupplementalData5.64M5.64M5.64M9.81M
IncomeTaxPaidSupplementalData4.58M2.01M2.21M1.31M
EndCashPosition96.15M150.56M202.21M436.41M
BeginningCashPosition150.56M202.21M436.41M32.31M
EffectOfExchangeRateChanges-862.00K324.00K-443.00K-1.43M
ChangesInCash-53.54M-51.98M-233.75M405.53M
FinancingCashFlow-102.02M1.39M19.52M55.78M
CashFlowFromContinuingFinancingActivities-102.02M1.39M19.52M55.78M
NetOtherFinancingCharges-9.31M-6.51M-27.24M
ProceedsFromStockOptionExercised7.29M7.89M19.52M25.23M
NetPreferredStockIssuance0.00
PreferredStockIssuance0.00
NetCommonStockIssuance-100.00M0.000.0028.16M
CommonStockPayments-100.00M0.000.00
CommonStockIssuance0.000.0028.16M
NetIssuancePaymentsOfDebt0.000.0029.63M
NetLongTermDebtIssuance0.000.0029.63M
LongTermDebtPayments0.000.00-190.19M
LongTermDebtIssuance0.000.00219.82M
InvestingCashFlow-18.04M-153.93M-316.00M14.22M
CashFlowFromContinuingInvestingActivities-18.04M-153.93M-316.00M14.22M
NetInvestmentPurchaseAndSale-11.68M-150.82M-309.86M22.70M
SaleOfInvestment512.38M486.10M322.45M187.63M
PurchaseOfInvestment-524.06M-636.92M-632.31M-164.93M
NetIntangiblesPurchaseAndSale0.001.00M1.00M1.00M
SaleOfIntangibles0.001.00M1.00M1.00M
PurchaseOfIntangibles0.000.00
NetPPEPurchaseAndSale-6.35M-4.10M-7.14M-9.48M
PurchaseOfPPE-6.35M-4.10M-7.14M-9.48M
OperatingCashFlow66.51M100.56M62.72M335.53M
CashFlowFromContinuingOperatingActivities66.51M100.56M62.72M335.53M
ChangeInWorkingCapital-16.04M61.21M-298.42M172.22M
ChangeInOtherWorkingCapital-349.86M311.65M
ChangeInOtherCurrentLiabilities-4.39M-3.63M-3.12M-3.23M
ChangeInOtherCurrentAssets-1.19M570.00K87.00K175.00K
ChangeInPayablesAndAccruedExpense14.93M21.76M-45.21M167.81M
ChangeInAccruedExpense11.03M19.81M-45.90M168.57M
ChangeInPayable3.90M1.95M691.00K-767.00K
ChangeInAccountPayable3.90M1.95M691.00K-767.00K
ChangeInPrepaidAssets-3.11M-4.67M147.79M-194.79M
ChangeInInventory-19.91M3.91M-32.40M-234.00K
ChangeInReceivables-2.37M43.27M-15.70M-109.16M
OtherNonCashItems5.97M1.12M1.09M1.61M
StockBasedCompensation52.62M42.59M32.91M21.29M
AssetImpairmentCharge3.14M12.31M34.29M2.59M
AmortizationOfSecurities-14.54M-16.55M-4.18M470.00K
DepreciationAmortizationDepletion8.05M7.28M6.67M7.06M
DepreciationAndAmortization8.05M7.28M6.67M7.06M
AmortizationCashFlow0.000.00
AmortizationOfIntangibles0.000.00
Depreciation8.05M7.28M6.67M7.06M
OperatingGainsLosses-1.00M-2.80M53.59M
GainLossOnInvestmentSecurities-1.80M49.35M
GainLossOnSaleOfPPE0.0047.00K
NetIncomeFromContinuingOperations27.31M-6.39M293.16M76.71M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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