v3.26.1
Revenues (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of disaggregation of revenue from contracts with customers [abstract]  
Schedule of disaggregated revenue
Revenues include both revenues from contracts with customers and other non-IFRS 15 revenues (mainly subleases) which are out of scope from IFRS 15:
Year ended December 31,
in € thousand202520242023
Product sales157,908 163,253 144,624 
Other revenues from contracts with customers16,097 5,622 8,075 
Other non-IFRS 15 revenue653 704 1,014 
REVENUES174,659 169,579 153,713 
Disclosure of disaggregated revenue by type of goods or services
The Group’s revenues are disaggregated as follows:
Type of goods or service
Year ended December 31,
in € thousand202520242023
IXIARO®98,419 94,069 73,483 
DUKORAL®31,909 32,303 29,775 
Third party products19,159 33,185 35,675 
IXCHIQ®8,421 3,696 — 
VLA2001
— — 5,691 
PRODUCT SALES157,908 163,253 144,624 
Royalties received2,124 2,410 2,129 
Revenues from shipping and handling481 1,368 21 
R&D work and additional support services9,985 — — 
Milestone payment - licenses3,421 712 3,637 
Other services87 1,133 2,288 
thereof COVID-19— — 1,973 
OTHER REVENUES FROM CONTRACTS WITH CUSTOMERS16,097 5,622 8,075 
Other non-IFRS 15 revenue
653 704 1,014 
REVENUES174,659 169,579 153,713 
Disclosure of products sales by channel
Products are sold via the following sales channels:
Year ended December 31,
in € thousand202520242023
Direct product sales130,755 137,889 119,305 
Indirect product sales27,153 25,365 25,320 
TOTAL PRODUCT SALES157,908 163,253 144,624 
Disclosure of revenue by geographical markets
Year ended December 31,
in € thousand202520242023
United States53,610 48,593 32,964 
Canada30,125 32,321 28,193 
Germany17,468 18,374 13,503 
France14,668 7,220 5,866 
Nordics13,898 13,937 12,695 
Other Europe13,877 9,056 9,335 
United Kingdom12,644 19,489 20,266 
Austria9,473 15,897 14,583 
Rest of World8,897 4,691 16,308 
REVENUE TOTAL174,659 169,579 153,713 
Nordics includes Finland, Denmark, Norway and Sweden and Rest of World includes India, Israel, Australia, Peru, Japan, Brazil and New
Zealand.
Year ended December 31,
in € thousand20252024
United Kingdom
75,914 
93,309 
Austria
44,983 
48,533 
Nordics
35,741 
36,264 
France
3,106 
4,350 
United States
506 
781 
Canada
130 
138 
NON-CURRENT ASSETS160,380 183,373