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Companies / Health Care / Vaxcyte, Inc.
PCVX

Vaxcyte, Inc.

Health CareBiological Products
Ticker PCVXSAN CARLOS, CAFiscal year ends DecemberBook value per share $17.25Diluted shares 144.3M

Vaxcyte, Inc. (Nasdaq: PCVX) is a clinical-stage vaccine company developing vaccines against bacterial diseases using its XpressCF cell-free protein synthesis platform. Its pipeline is led by pneumococcal conjugate vaccine candidates VAX-31, VAX-24 and VAX-XL, designed for adult and pediatric use to cover a broad… From the company’s description.

In fiscal 2025, Vaxcyte, Inc. reported a net loss of $766.63M. Operations used $655.58M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
—
0.00%FY2025
$-766.63MFY2025
−65.2% year over year
Last 12 mo $-1.15B
-28.55%FY2025
−14.5 percentage points
Last 12 mo -46.14%
Cash & financing
$-655.58MFY2025
−44.8% year over year
Last 12 mo $-962.01M
$-669.29MFY2025
−40.9% year over year
Last 12 mo $-974.42M
—
Last 12 mo 0.04
136.1MFY2025
+11.6% year over year
Last 12 mo 144.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Vaxcyte, Inc. does

In the company’s own words

Vaxcyte, Inc. (Nasdaq: PCVX) is a clinical-stage vaccine company developing vaccines against bacterial diseases using its XpressCF cell-free protein synthesis platform. Its pipeline is led by pneumococcal conjugate vaccine candidates VAX-31, VAX-24 and VAX-XL, designed for adult and pediatric use to cover a broad range of pneumococcal strains. The company is also developing VAX-A1 for Group A Streptococcus and has paused development of its preclinical Shigella candidate, VAX-GI, beyond the preclinical stage. Vaxcyte uses cell-free production and site-specific conjugation to develop conjugate and protein vaccine candidates; it has no products approved for commercial sale. Its principal programs target pneumococcal disease, including invasive disease and pneumonia, while VAX-A1 addresses a disease with no currently approved vaccine. Vaxcyte operates as a single vaccine-development business, with no reportable segments described. Its XpressCF platform is also used for discovery-stage programs. The company reports no product revenue and had 2025 research and development expenses of $[not stated in provided text]. Its website is https://vaxcyte.com.

Company details
Sector
Health Care
Industry (SIC)
Biological Products
Headquarters
SAN CARLOS, CA
Fiscal year end
December
CIK
1649094
SIC
2836

Financial performance, year by year

Fiscal 2020–2025 · USD
$-1.25B$-936.64M$-618.86M$-301.07M$16.71M202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Vaxcyte, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

422
funds hold it
0 of 35
superinvestors hold it
$4.33B
held by funds, at market
48.1%
of shares held by funds

Largest fund holders · Vaxcyte, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
T. Rowe Price Capital Appreciation Fund
PRWCX · T. ROWE PRICE CAPITAL APPRECIATION FUND, INC.
0.33%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.24%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.10%of fund net assets
Strategic Advisers Fidelity U.S. Total Stock Fund
FCTDX · Fidelity Rutland Square Trust II
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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