Nuvation Bio Inc.

NUVB Healthcare Biotechnology

Nuvation Bio Inc.’s revenue for fiscal 2025 (year ended December 2025) was $62.9 million, up 699.0% from fiscal 2024.

Revenue
+242.6%
EPS
+25.6%
Free cash flow
+34.1%
Total debt
+441.5%

Quarter to September 2026, against a year earlier

4.17 0.02 −0.48%
Market cap
$1.5B
P/E
0.0×
Fwd P/E
−10.6×
Dividend yield
—
F-score
n/a
Altman Z
3.64
Beneish M
2.22
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 0.12
Sold, $m 3.47
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — 1 — — — — —
Sell — — — — 3 — 3 — 1 — — —
Insider Ownership 28.39%

Capital & Financial Ratios $m

Size
Market Cap 1,480.00
Revenue ttm 201.73
Net income ttm (135.93)
Free cash flow ttm (108.17)
Net debt Q (377.94)
Valuation
P/E 0.00
Forward P/E (10.60) (negative: loss-making)
Price / sales 7.27
Forward P/S Powerpack
Price / FCF 0.00
Price / book 6.44 (above 6: high)
Financial health
Current ratio Q 7.45 (at or above 1.5: strong)
Debt / equity Q 1.25
Interest coverage Q (6.90)
Growth
Revenue growth Q +242.61% (above 0%: growing)
Operating income growth Q +25.20% (above 0%: growing)
EPS, this year +33.01% (at or above 15%: strong)
EPS, next year A +34.53% (at or above 15%: strong)
Revenue, next year A +220.82% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +54.36% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/B against its own 10 years 84.92%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 611 503 529 663
Receivables 4 16 19 40
Inventory — — 11 15
Other — — — —
616 526 572 735
2023 2024 2025 Q'26
Payables 2 6 9 9
ST’ Debt — 6 6 6
Other — 11 20 26
14 58 82 99

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 7.29% (22.43%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.01 (0.18) (0.12) — —
’25 (0.16) (0.17) (0.16) (0.11) (0.60)
’24 (0.07) (1.89) (0.15) (0.15) (2.11)
’23 (0.10) (0.09) (0.09) (0.06) (0.35)
’22 (0.10) (0.16) (0.12) (0.10) (0.48)
’21 (0.12) (0.09) (0.11) (0.12) (0.44)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 83 32 45 — —
’25 3 5 13 42 63
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 5 (43) (39) — —
’25 (43) (48) (53) (30) (173)
’24 (16) (37) (31) (46) (130)
’23 (19) (17) (16) (15) (68)
’22 (25) (27) (28) (16) (96)
’21 (15) (17) (13) (23) (68)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 5 (43) (40) — —
’25 (43) (48) (61) (30) (182)
’24 (16) (37) (31) (46) (131)
’23 (19) (18) (16) (15) (68)
’22 (25) (27) (28) (16) (96)
’21 (15) (17) (13) (24) (68)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — — 8 63 202 +699.0% 202 259 418 +87.9%
Gross margin, % — — — — 0.00 0.00 0.00 — 10.10 85.22 85.79 +85.2 pt
EBT — — — — (42) (87) (104) (76) (568) (205) (136) +37.5%
EBT margin, % — — — — 0.00 0.00 0.00 0.00 (7,213.76) (325.31) (67.38) (325.3) pt
Net income — 0 — 0 (42) (87) (104) (76) (568) (205) (136) n/m
Per share, $
Per share, $ Revenue — — — — 0.00 0.00 0.00 0.00 0.03 0.18 0.57 n/m
Earnings — — — — (0.43) (0.44) (0.48) (0.35) (2.11) (0.60) (0.39) +7.0%
Cash flow — — — — (0.37) (0.34) (0.44) (0.31) (0.49) (0.51) (0.30) +6.3%
Capex — — — — 0.00 0.00 0.00 0.00 0.00 (0.02) (0.01) +74.8%
Free cash flow — — — — (0.38) (0.35) (0.45) (0.31) (0.49) (0.53) (0.31) +7.2%
Book value — — — — 2.21 3.77 3.02 2.76 1.73 0.90 0.65 (16.5%)
Shares, m — — — — 98 198 217 219 269 342 347 +28.5%
Valuation, ×
Valuation, × P/E — — — — — — — — 0.00 0.00 0.00 0.0
P/S — — — — — — — — 0.00 48.65 7.27 24.3
P/B — — — — — — — — 1.54 10.01 6.44 5.8
EV/Sales — — — — — — — — 0.00 41.08 5.40 20.5
EV/FCF — — — — — — — — (1.69) (14.87) (10.07) (8.3)
Cash, $m
Cash, $m Operating cash flow — — — — (37) (68) (96) (68) (130) (173) (106) +36.6%
Capex — — — — 0 0 0 0 0 (8) (2) +125.0%
Free cash flow — — — — (37) (68) (96) (68) (131) (182) (108) +37.7%
Balance, $m
Balance, $m Working capital — — — — 214 755 654 602 468 489 636 +18.0%
Net debt — — — — (216) (762) (657) (611) (496) (476) (378) +17.2%
Shareholders’ equity — — — — 215 746 655 605 464 306 228 +7.3%
Returns, %
Returns, % ROA — — — 0.00 (37.57) (17.41) (14.39) (11.72) (97.74) (36.04) (19.70) (36.0) pt
ROIC — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE — — — — (8.67) (18.07) (14.87) (12.03) (106.27) (53.18) (49.09) (44.5) pt
People
People Employees — — — 5 36 64 53 51 220 298 — +97.6%
Revenue/emp, $m — — — 0.00 0.00 0.00 0.00 0.00 0.04 0.21 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026

Nuvation Bio Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RARE Ultragenyx Pharmaceutical Inc. $1.5B — (loss-making) — (loss-making) +8.13% (above 0%: growing) n/m +12.50% (above 0%: growing) 81.50% (63.58%) Compare
NBTX Nanobiotix S.A. - Sponsored ADR $1.5B — (loss-making) — −71.69% (below 0%: shrinking) n/m −177.26% (below 0%: shrinking) 0.00% 0.00% Compare
PGEN Precigen, Inc. $1.5B 60.3× 32.2× +2,437.58% (above 0%: growing) n/m +140.34% (above 0%: growing) 91.22% 52.13% Compare
NUVB Nuvation Bio Inc. $1.5B — (loss-making) — (loss-making) +242.61% (above 0%: growing) n/m +34.07% (above 0%: growing) 73.46% (93.90%)
ADRX ADARx Pharmaceuticals, Inc. $1.5B — — — — — — — Compare
IMCR Immunocore Holdings PLC Sponsored ADR $1.5B — (loss-making) — (loss-making) −1.42% (below 0%: shrinking) n/m +440.97% (above 0%: growing) 99.34% (13.31%) Compare
QURE uniQure N.V. $1.5B — (loss-making) — (loss-making) +40.39% (above 0%: growing) n/m +27.66% (above 0%: growing) 95.46% (1,019.63%) Compare
TYRA Tyra Biosciences, Inc. $1.4B — (loss-making) — — n/m −31.34% (below 0%: shrinking) 0.00% 0.00% Compare
AAPG Ascentage Pharma Group International - Unsponsored ADR $1.4B — — — — +17.74% (above 0%: growing) — — Compare
Median of peers $1.5B — — +8.13% — +17.74% 86.36% (6.65%)

All 621 Biotechnology stocks →

Pay and ownership Proxy statement filed 10 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.88m 27.83m 76.58
2024 3.72m 6.54m 22.74
2023 4.32m 2.79m 12.91
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Nuvation Bio Inc. (NUVB) Latest News

5 Nov

13 Aug

Impact 3 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat

1 Jul

Impact 4 · · pharmavoice.com

26 Jun

18 May

stockrow.com/NUVB · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com