Vaxart Inc 2026年季度报告

FORM 10-Q (Mark One)☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number: 001-35285 (Exact Name of Registrant as Specified in its Charter) Delaware59-1212264(State or other jurisdiction of incorporation or organization)(IRS Employer Identification No.) 310 Utah Avenue, Suite 150,South San Francisco,CA94080(650) 550-3500(Address of principal executive offices, including zip code)(Registrant’s telephone number, including area code) Not Applicable(Former Name, Former Address and Former Fiscal Year,if Changed Since Last Report) Securities registered pursuant to Section12(b)of the Act: Title of each classTrading symbolName of each exchange on whichregistered*** Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has beensubject to such filing requirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reportingcompany” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐Emerging growth company☐ Accelerated filer☑Smaller reporting company☑ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☑ The Registrant had242,835,358shares of common stock, $0.0001par value, outstanding as of July 31,2026. * The registrant’s common stock trades exclusively on the OTCQX® Best Market under the symbol “VXRT”. FORM 10-QFOR THE QUARTER ENDED JUNE 30, 2026TABLE OF CONTENTS Item1.Financial Statements (Unaudited)1Condensed Consolidated Balance Sheetsas of June 30, 2026and December 31, 20251Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and six monthsended June 30, 2026 and 20252Condensed Consolidated Statements of Stockholders’Equityfor the three and six months ended June 30,2026 and 20253Condensed Consolidated Statements of Cash Flowsfor the six months ended June 30, 2026 and 20255Notes to the CondensedConsolidated Financial Statements6Item2.Management’s Discussion and Analysis of Financial Conditionand Results of Operations23Item3.Quantitative and Qualitative Disclosures About Market Risk37Item4.Controls and Procedures37 PartIIOTHER INFORMATION38 Item1.Legal Proceedings38Item1A.Risk Factors38Item2.Unregistered Sales of Equity Securities and Use of Proceeds39Item3.Defaults Upon Senior Securities39Item4.Mine Safety Disclosures39Item5.Other Information39Item6.Exhibits40 FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this “Quarterly Report”) for the quarterly period ended June 30, 2026, contains forward-lookingstatements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of theSecurities Exchange Act of 1934, as amended (the “Exchange Act”), which are subject to the “safe harbor” created by those sections,concerning our business, operations, and financial performance and condition as well as our plans, objectives, and expectations for businessoperations and financial performance and condition. Any statements contained herein that are not of historical facts may be deemed to beforward-looking statements. You can identify these statements by words such as “anticipate,” “assume,” “believe,” “could,” “estimate,”“expect,” “intend,” “may,” “plan,” “should,” “will,” “would,” and other similar expressions that are predictions of or indicate future eventsand future trends. These forward-looking statements are based on current expectations, estimates, forecasts, and projections about our businessand the industry in which we operate and management’s beliefs and assumptions and are not guarantees of future performance or developmentand involve known and unknown risks, uncertainties, and other factors that are in some cases beyond our control. As a result, any or all of ou