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

Fold the line items

Columns are period end dates

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