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Nektar Therapeutics NKTR Q3 2025 earnings

Reported November 6, 2025 · After market close

Revenue$11.8MBeat by $1.4M
EPS-$1.85Beat by $1.00
Revenue estimate$10.4M
EPS estimate-$2.85

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$11.8M-51.1%
Gross profit$11.8M-40.1%
Operating income-$31.7M+7.8%
Net income-$35.5M+4.1%
EPS (diluted)-$1.87+29.7%

Balance sheet

See full
Cash & equivalents$11.4M+81.7%
Total debt$91.9M-15.1%
Total equity$85.1M+74.1%
Total assets$301.3M-2.1%

Cash flow

See full
Operating cash flow-$48.8M-11.0%
CapEx$114.0K-82.9%
Free cash flow-$48.9M-9.6%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$1.08B+299%
Enterprise value$1.16B+211%
P/S17.3×+14.4×

Profitability

See full
Gross margin87.3%+19.5pp
Net margin-204.5%+31.0pp
FCF margin-304.1%+442pp

Returns & leverage

See full
Return on equity-191.1%+42.6pp
Debt / equity1.1×-1.1×
Current ratio4.2×0.0×

Segments

By geography

See full
Non Us$13.8M-43.1%

By product

See full
Non Cash Royalty Revenue Related To Sale Of Future Royalties$11.5M-26.9%

Versus estimates

Revenue

Q1 2026$10.9MBeat by $169.6KQ4 2025$21.8MBeat by $11.6M
Q3 2025$11.8MBeat by $1.4M
Q2 2025$11.2MBeat by $1.8MQ1 2025$10.5MMiss by $4.9MQ4 2024$29.2MMiss by $7.5M

Diluted EPS

Q1 2026-$1.82Miss by $0.08Q4 2025-$1.78Beat by $0.98
Q3 2025-$1.85Beat by $1.00
Q2 2025-$2.95Beat by $0.18Q1 2025-$3.30Miss by $0.60Q4 2024-$2.25Miss by $0.30

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Questions, answered.

When did Nektar Therapeutics report Q3 2025 earnings?
Nektar Therapeutics (NKTR) reported Q3 2025 earnings on November 6, 2025 after market close.
What were Nektar Therapeutics's Q3 2025 revenue and EPS?
Nektar Therapeutics reported revenue of $11.8M and eps of $-1.85 for Q3 2025.
Did Nektar Therapeutics beat estimates in Q3 2025?
Revenue beat the consensus estimate of $10.4M by $1.4M. EPS beat the consensus estimate of $-2.85 by $1.00.
How did Nektar Therapeutics's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 51.1% from $24.1M a year earlier and eps declined 927.8% from $-0.18.
Where can I find Nektar Therapeutics's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001213900-25-107180) and the 10-Q periodic report (0001193125-25-270230) directly on SEC EDGAR. The filing index links above go to sec.gov.