NEKTAR THERAPEUTICS
NKTR· Nasdaq· Pharmaceutical Preparations
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -377.8%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- -18.4%
We record prices for the companies we cover; NKTR is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 16.9M
- Revenue
- $55.2M
- Free cash flow
- -$208.7M
- Owner earnings
- -$221.3M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- -253.7%
- Net
- -297.1%
- Free cash flow
- -377.8%
- Owner earnings
- -400.7%
- Stock pay
- 22.9%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- -182.6%
- ROE, 5 yr avg
- -153.4%
Growth (CAGR)
- Revenue, 3 yr
- -15.7%
- Revenue, 5 yr
- -18.4%
- Revenue, 9 yr
- -11.5%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $245.8M
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 7.2%
Financials: ten years from the 10-Ks
Revenue
$55.2M
-11.5% a year over 9 years
FY2016FY2025
Margins
Operating-253.7%Net-297.1%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow-$208.7MOwner earnings-$221.3M
FY2025
FY2016FY2025
Diluted shares
16.9M
+81.3% over 9 years, net dilution
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $165.4M | $307.7M | $1.2B | $114.6M | $152.9M | $101.9M | $92.1M | $90.1M | $98.4M | $55.2M |
| Revenue growth | -28.3% | 86.0% | 287.8% | -90.4% | 33.4% | -33.4% | -9.7% | -2.1% | 9.2% | -43.9% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | -68.2% | -19.4% | 57.6% | -383.9% | -278.0% | -437.8% | -408.6% | -292.6% | -106.9% | -253.7% |
| Net income | -$153.5M | -$96.7M | $681.3M | -$440.7M | -$444.4M | -$523.8M | -$368.2M | -$276.1M | -$119.0M | -$164.1M |
| Net margin | -92.8% | -31.4% | 57.1% | -384.5% | -290.6% | -514.0% | -400.0% | -306.3% | -120.9% | -297.1% |
| Diluted EPS | $-16.50s | $-9.30s | $56.70s | $-37.80s | $-37.35s | $-42.90s | $-29.55s | $-21.75s | $-8.68 | $-9.73 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | -$117.0M | -$80.4M | $718.2M | -$328.7M | -$313.3M | -$412.7M | -$304.0M | -$192.6M | -$175.7M | -$208.5M |
| Capital expenditure | $6.4M | $9.7M | $14.2M | $26.3M | $7.3M | $15.0M | $5.7M | $865.0K | $1.5M | $171.0K |
| Free cash flow | -$123.4M | -$90.1M | $704.0M | -$355.0M | -$320.5M | -$427.6M | -$309.7M | -$193.5M | -$177.2M | -$208.7M |
| Stock-based compensation | $25.9M | $36.6M | $88.1M | $99.8M | $94.3M | $94.7M | $57.3M | $33.4M | $21.6M | $12.6M |
| Owner earnings? | -$149.3M | -$126.7M | $615.9M | -$454.8M | -$414.8M | -$522.3M | -$367.0M | -$226.9M | -$198.8M | -$221.3M |
| Free cash flow per share | $-13.26 | $-8.67 | $58.63 | $-30.43 | $-26.92 | $-35.00 | $-24.82 | $-15.27 | $-12.92 | $-12.37 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | – | – | – | – | – | – | $0 | $3.0M | $0 |
| Diluted shares | 9.3Ms | 10.4Ms | 12.0Ms | 11.7Ms | 11.9Ms | 12.2Ms | 12.5Ms | 12.7Ms | 13.7M | 16.9M |
| Share count change? | – | 11.7% | 15.5% | -2.8% | 2.1% | 2.6% | 2.1% | 1.5% | 8.2% | 23.0% |
| Balance sheet | ||||||||||
| Cash and equivalents | $59.6M | $4.8M | $194.9M | $96.4M | $199.0M | $25.2M | $88.2M | $35.3M | $44.3M | $15.1M |
| Short-term investments | – | $291.4M | $1.1B | $1.2B | $862.9M | $708.7M | $416.8M | $268.3M | $211.0M | $230.6M |
| Total debt | – | – | – | – | – | – | – | – | – | – |
| Net debt | – | – | – | – | – | – | – | – | – | – |
| Shareholders' equity | $88.1M | $87.8M | $1.7B | $1.4B | $1.1B | $679.5M | $366.6M | $131.0M | $60.7M | $89.8M |
Latest filings
| 2026-08-14 | 10-Q | Quarterly report |
| 2026-08-13 | 8-K | Earnings release |
| 2026-05-08 | 10-Q | Quarterly report |
| 2026-05-07 | 8-K | Earnings release |
| 2026-04-24 | DEF 14A | Proxy statement |
| 2026-03-13 | 10-K | Annual report |
| 2026-03-12 | 8-K | Earnings release |
| 2025-11-07 | 10-Q | Quarterly report |
| 2025-11-06 | 8-K | Earnings release |
| 2025-08-08 | 10-Q | Quarterly report |
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