Saturday 17 October 2026 Export NKTR’s income statement to Excel — free account

Nektar Therapeutics

Nektar Therapeutics' revenue for fiscal 2025 (year ended December 2025) was $55.2 million, down 43.9% from fiscal 2024. In the quarter to June 2026, revenue fell 9.34%, EPS grew 58.3% and free cash flow fell 65.7%, each against the same quarter a year earlier.

35.78 1.94 −5.14%

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Market cap: $1.3B
P/E: 0.0×
Fwd P/E: −6.3×
Dividend yield: —
F-score: 3/9
Altman Z: −17.07
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	3	5	8	2	5	2	4	3	4	3
P/E ratio Full definition →	0.00	0.00	8.35	0.00	0.00	0.00	0.00	0.00	0.00	0.00
P/S ratio Full definition →	10.71	29.23	4.67	32.98	19.86	24.31	4.45	1.24	1.94	12.91
Altman Z-Score Full definition →	(2.45)	8.31	9.18	2.62	1.83	(0.62)	(6.38)	(13.11)	(16.13)	(17.07)
P/FCF ratio Full definition →	0.00	0.00	7.89	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z″-Score (non-manufacturers) Full definition →	(8.64)	(10.65)	8.30	1.55	0.06	(5.15)	(12.71)	(27.81)	(36.33)	(41.60)
P/Operating CF Full definition →	(33.82)	(111.88)	(47.45)	(30.19)	(30.79)	(16.35)	(7.11)	(2.38)	(4.14)	(10.98)
Beneish M-Score Full definition →	(3.04)	(2.27)	1.54	2.35	(2.73)	(3.39)	(3.82)	(4.39)	—	—
P/B ratio Full definition →	20.11	102.42	3.25	2.69	2.82	3.65	1.12	0.86	3.15	7.94
Price to Tangible BV Full definition →	152.48	794.14	3.40	2.84	3.04	4.11	1.41	2.06	0.00	8.42
EV/Sales Full definition →	10.59	29.47	3.87	25.79	16.20	22.04	4.43	3.45	4.45	17.56
EV/EBITDA Full definition →	0.00	0.00	6.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Operating CF Full definition →	(14.97)	(112.78)	6.42	(8.99)	(7.91)	(5.44)	(1.34)	(1.61)	(2.50)	(4.65)
EV/FCF Full definition →	(14.19)	(100.67)	6.53	(8.33)	(7.73)	(5.25)	(1.37)	(1.62)	(2.47)	(4.65)
Quick Ratio Full definition →	5.60	5.36	16.81	3.85	9.51	8.88	7.49	5.95	4.16	4.59
Current Ratio Full definition →	5.90	5.82	17.53	4.02	9.83	9.34	8.00	6.45	4.26	4.97
Net Debt/EBITDA Full definition →	1.46	1.13	(1.56)	2.45	2.58	1.70	1.39	1.69	2.53	1.77
Debt/Assets Full definition →	43.33%	48.19%	11.49%	12.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Debt/Equity Full definition →	2.80	2.79	0.14	0.18	0.00	0.00	0.00	0.00	0.00	0.00
Asset Turnover Full definition →	0.31	0.57	0.90	0.06	0.09	0.08	0.10	0.16	0.28	0.19
Operating CF/Net income Full definition →	0.76	0.83	1.05	0.75	0.70	0.79	0.83	0.70	1.48	1.27
Capex/Depreciation Full definition →	(0.42)	(0.66)	(1.07)	(14.92)	(0.51)	(1.06)	0.58	0.00	(0.33)	(0.17)
Interest Coverage Full definition →	(2.68)	(1.46)	16.08	(9.49)	(11.45)	(9.43)	(13.01)	(10.41)	(3.74)	(5.35)
ROE Full definition →	(324.73%)	(109.91%)	75.47%	(28.22%)	(35.80%)	(59.64%)	(70.39%)	(110.95%)	(124.10%)	(217.94%)
ROA Full definition →	(28.76%)	(17.94%)	51.25%	(21.35%)	(25.28%)	(39.45%)	(40.29%)	(49.80%)	(33.90%)	(56.17%)
ROIC Full definition →	0.00%	(101.01%)	68.34%	(82.49%)	(1,725.40%)	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Tangible Assets Full definition →	(36.61%)	(30.39%)	48.51%	(38.88%)	(41.08%)	(67.95%)	(72.17%)	(92.55%)	(58.51%)	(76.39%)
Average Days of Receivables Full definition →	34.59	5.95	13.22	117.20	92.83	80.56	23.71	4.88	0.00	0.00
Research and Development Expense of Revenue Full definition →	123.19%	87.24%	33.48%	379.15%	267.26%	392.78%	237.17%	126.67%	122.84%	212.43%
Selling, General and Administrative Expense of Revenue Full definition →	26.76%	17.02%	6.82%	86.12%	68.46%	120.55%	100.30%	85.90%	77.98%	124.34%
Intangible Assets out of Total Assets Full definition →	0.13	0.15	0.04	0.04	0.05	0.07	0.11	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	15.63%	11.90%	7.38%	87.07%	61.64%	92.90%	62.27%	37.05%	21.96%	22.90%
Graham Net Nets Full definition →	(0.03)	(0.01)	0.18	0.22	0.22	0.14	0.49	0.57	0.10	0.11
Graham Number Full definition →	0.00	0.00	449.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	(8.66%)	(1.09%)	11.98%	(11.62%)	(14.64%)	(21.16%)	(89.91%)	(247.34%)	(63.41%)	(24.12%)
Free Cash Flow Yield Full definition →	(6.96%)	(1.00%)	12.67%	(9.39%)	(10.55%)	(17.26%)	(72.31%)	(171.39%)	(92.63%)	(29.26%)
Revenue per Share Full definition →	17.77	29.58	105.49	9.82	12.84	8.34	7.38	7.11	7.18	3.27
Operating CF per Share Full definition →	(12.57)	(7.73)	63.49	(28.16)	(26.30)	(33.75)	(24.36)	(15.20)	(12.82)	(12.36)
Capex per Share Full definition →	(0.69)	(0.93)	(1.03)	(2.25)	(0.61)	(1.23)	0.60	0.03	(0.11)	(0.01)
Free Cash Flow per Share Full definition →	(13.25)	(8.66)	62.46	(30.41)	(26.91)	(34.98)	(23.75)	(15.17)	(12.92)	(12.37)
Cash per Share Full definition →	41.79	28.47	118.04	113.51	89.15	60.03	40.46	23.96	18.61	14.57
Shareholders Equity per Share Full definition →	9.46	8.44	151.83	120.41	90.44	55.58	29.37	10.34	4.43	5.32
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	9.46	8.44	151.83	120.41	90.44	55.58	29.37	10.34	4.43	5.32
Free Cash Flow Full definition →	(123.42)	(90.09)	706.61	(354.97)	(320.54)	(427.65)	(296.49)	(192.23)	(177.18)	(208.68)
Working Capital Full definition →	353.73	270.66	1,355.69	1,067.66	1,022.23	710.38	477.76	279.43	199.89	212.73
Capital Expenditures Full definition →	(6.39)	(9.68)	(11.61)	(26.28)	(7.26)	(14.99)	7.52	0.38	(1.47)	(0.17)
Net Current Asset Value Full definition →	(54.79)	(94.22)	1,005.09	849.59	676.53	357.90	202.01	63.66	18.18	75.69
EV/EBIT Full definition →	0.00	0.00	6.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	0.04	0.03	0.01	0.23	0.05	0.15	(0.08)	0.00	0.01	0.00
Price to Operating Income Full definition →	0.00	0.00	8.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	0.23	0.31	0.22	0.03	0.24	0.23	0.40	4.47	1.29	0.50
Cash ROIC Full definition →	(17.05%)	(14.32%)	21.41%	(11.90%)	(14.98%)	(30.26%)	(34.02%)	(44.23%)	(56.08%)	(62.18%)
Accounts Receivable Turnover Full definition →	9.29	29.74	49.49	2.86	4.04	3.32	6.47	25.08	0.00	0.00
Accounts Payable Turnover Full definition →	11.67	8.04	4.59	1.70	0.94	1.56	1.90	2.96	2.87	0.00
Inventory Turnover Full definition →	2.69	2.80	2.21	1.78	1.39	1.60	1.24	1.91	0.00	—
Average Days of Payables Full definition →	34.02	57.14	87.53	328.46	414.89	142.89	218.98	106.45	137.50	0.00
Days of Inventory on Hand Full definition →	134.20	128.16	170.16	216.28	286.57	231.65	323.95	174.04	0.00	—
Average Receivables Full definition →	17.81	10.35	24.11	40.01	37.85	30.69	14.24	3.59	—	—
Average Payables Full definition →	2.59	3.80	5.32	12.54	20.69	15.94	11.36	11.41	10.70	11.17
Average Inventory Full definition →	11.23	10.92	11.05	12.02	13.98	15.55	17.50	17.65	—	—
Average Assets Full definition →	533.76	538.87	1,329.52	2,063.76	1,758.06	1,327.98	913.89	554.32	350.94	292.13
Average Common Equity Full definition →	47.28	87.98	902.70	1,561.48	1,241.34	878.40	523.07	248.81	95.86	75.28

Fold the line items

Columns are period end dates

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