Dynavax Technologies Corporation (DVAX)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	-4,122	-37,028	283,522	134,486	-75,222
Revenue	US$ in thousands	277,246	232,284	722,683	439,442	46,551
Operating profit margin		-1.49%	-15.94%	39.23%	30.60%	-161.59%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $-4,122K ÷ $277,246K
= -1.49%

Based on the historical data provided, Dynavax Technologies Corporation's operating profit margin has exhibited significant fluctuations over the past five years.

The operating profit margin was notably negative at -161.59% as of December 31, 2020, indicating that the company's operating expenses exceeded its operating income by a substantial margin.

However, the following years saw a positive trend, with the operating profit margin improving to 30.60% as of December 31, 2021, and further increasing to 39.23% by December 31, 2022. These improvements suggest that Dynavax Technologies Corporation was able to enhance its operational efficiency and control costs effectively during this period.

Nonetheless, the trend reversed in the subsequent years, as evidenced by the operating profit margin declining to -15.94% as of December 31, 2023, and further dropping to -1.49% by December 31, 2024. These negative values indicate that the company's operating expenses once again surpassed its operating income, leading to reduced profitability.

In conclusion, the analysis of Dynavax Technologies Corporation's operating profit margin highlights a volatile financial performance characterized by significant fluctuations in profitability over the past five years. The company experienced periods of improvement in operational efficiency but also faced challenges that impacted its profitability.