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GeoVax Labs Inc

geovax.com

What Do They Do?

Develops human vaccines and immunotherapies targeting infectious diseases and solid tumor cancers.

How Do They Make Money?

Government entities pay grants and contracts for vaccine development; GeoVax receives funding as it carries out eligible project work and meets grant conditions. Research partners may also fund preclinical work through collaboration agreements.

FY2025 revenue

Who Are Their Customers?

Government entities provide grants and contracts for vaccine development, while research partners can fund preclinical work through collaboration agreements.

Do Revenues Turn Into Profits?

No. It lost $21.5M in FY2025.

Operating income, FY2025
−869% of revenue
▼ −14% (Loss) vs FY2024 (−$25.1M, −636%)
Net income, FY2025
−862% of revenue
▼ −14% (Loss) vs FY2024 (−$25M, −632%)
Free cash flow, FY2025
−864% of revenue
▼ −13% (Loss) vs FY2024 (−$24.7M, −624%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −100%
vs $852.3K in Q2 FY2025
Net income
▼ −18% (Loss)
vs −$5.4M in Q2 FY2025
  • Aug 28, 2026 Nasdaq determined to delist GeoVax's common stock GeoVax plans to request a hearing; trading will continue during the appeal process.

Growing. Revenue grew 6.5x in 4 years, from $385.5K in FY2021 to $2.5M in FY2025, about 59% a year.

Gedeptin combination treatment The older report describes GeoVax's gene-directed therapy for advanced head and neck cancers; the latest report also plans to test Gedeptin with an immune checkpoint inhibitor as an initial treatment for eligible patients.

Who Do They Compete With?

Competes with Sanofi, GSK, Merck, Mitsubishi Tanabe, Takeda, Pfizer, Dynavax, Novavax, Moderna, BioNTech, Bavarian Nordic, Advaxis, Immune Design, Oncothyreon, Roche Pharmaceuticals, Bristol Myers Squibb, AstraZeneca, NewLink Genetics, Johnson & Johnson, and Inovio

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