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Nektar Therapeutics

NKTR

Nektar Therapeutics is a clinical-stage biopharmaceutical company focused on the discovery and development of innovative immunomodulatory agents.

Market cap
$2.41B+531%
Revenue$55.6M-36.2%
Net income-$158.1M-12.7%
Free cash flow-$203.9M-14.5%
EPS (diluted)-$8.23+32.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$10.4M
EPS estimate-$1.94

Financials

Q1 2026

Income statement

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Revenue$10.9M+3.8%
Operating income-$39.1M+12.3%
Net income-$44.9M+11.7%
EPS (diluted)-$1.82+49.7%

Balance sheet

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Cash & equivalents$5.7M-20.0%
Total debt$83.2M-17.1%
Total equity$576.2M+4,094%
Total assets$763.3M+198%

Cash flow

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Operating cash flow-$44.3M+9.7%
CapEx$18.0K+800%
Free cash flow-$44.3M+9.7%

Valuation & ratios

Valuation

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Market cap$2.41B+531%
Enterprise value$2.49B+399%
P/S43.3×+37.9×

Profitability

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Operating margin-242%
Net margin-284.2%+937pp
FCF margin-366.6%+1,421pp

Returns & leverage

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Return on equity-53.6%-22.6pp
Debt / equity0.1×-7.2×
Current ratio10.2×+7.0×

Segments

By product

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Non Cash Royalty Revenue Related To Sale Of Future Royalties$10.9M+3.8%

Competitors

Profile

Nektar Therapeutics is a clinical-stage biopharmaceutical company focused on the discovery and development of innovative immunomodulatory agents. The company leverages its deep understanding of immunology and advanced polymer conjugate technology to create drug candidates that selectively induce, amplify, or attenuate immune responses. Its primary value proposition lies in rebalancing the immune system to treat autoimmune diseases and activating natural tumor-fighting mechanisms to treat cancer.

Competitive position

Nektar is a leader in polymer conjugate technology (PEGylation) with a diverse pipeline of first-in-class immunomodulatory candidates in clinical development.

GeographiesUnited States, Europe
Customer segmentsPharmaceutical companies, Clinical research organizations, Healthcare systems
Business modelR&D-based drug discovery, Licensing and Royalties, Strategic Collaborations
SuppliersContract Manufacturing Organizations (CMOs), Specialized chemical suppliers, Gannet BioChem (PEG reagent supply)
CustomersGlobal pharmaceutical partners, Clinical trial participants, Specialty pharmacies, Hospitals and clinics
Listed1994
Employees137.0
CEOHoward W. Robin
Websitenektar.com
FilingsSEC EDGAR

Questions, answered.

What is Nektar Therapeutics's market cap?
Nektar Therapeutics (NKTR) has a market capitalization of $2.4B and trades on NASDAQ.
What is Nektar Therapeutics's revenue and profitability?
Nektar Therapeutics generated $55.6M in trailing twelve-month revenue with a net loss of $158.1M, representing a net margin of -284.2%. Gross margin stands at 100.0%, with free cash flow of -$203.9M. These figures are based on the Q1 2026 filing.
Who are Nektar Therapeutics's competitors?
Nektar Therapeutics's key competitors include ImmunityBio, Inc., Nkarta, Inc., Regeneron, and others. These companies compete in similar markets and product categories.
Who does Nektar Therapeutics partner with?
Nektar Therapeutics's notable partners include Eli Lilly and Company, TrialNet, Merck KGaA, and others.
What subsidiaries does Nektar Therapeutics have?
Nektar Therapeutics's subsidiaries include Gannet BioChem.
Where is Nektar Therapeutics headquartered?
Nektar Therapeutics is headquartered in United States of America and employs approximately 137 people. It has been publicly traded since 1994.