Dynavax Technologies Corporation (DVAX)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	30,855	-4,367	294,299	77,521	-75,240
Revenue	US$ in thousands	277,246	232,284	722,683	439,442	46,551
Pretax margin		11.13%	-1.88%	40.72%	17.64%	-161.63%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $30,855K ÷ $277,246K
= 11.13%

The pretax margin of Dynavax Technologies Corporation has exhibited significant variability over the years based on the provided data. In December 31, 2020, the company had a notably negative pretax margin of -161.63%, indicating that its expenses exceeded its revenues by a considerable margin. However, there was a substantial improvement in December 31, 2021, with the pretax margin increasing to 17.64%, suggesting better cost management and higher profitability.

By December 31, 2022, Dynavax Technologies Corporation further enhanced its operational efficiency, achieving a pretax margin of 40.72%, showcasing strong profitability before accounting for taxes. The performance dipped again by December 31, 2023, with a negative pretax margin of -1.88%, which could be attributed to various factors impacting the company's financial health.

Despite the temporary setback, the company managed to improve its financial position by December 31, 2024, with a pretax margin of 11.13%. This demonstrates a moderate level of profitability relative to its expenses. Overall, Dynavax Technologies Corporation has shown fluctuations in its pretax margin over the years, indicating the dynamic nature of its financial performance and the need for ongoing monitoring and strategic decision-making.