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Other financials

Income statement

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Revenue$10.9M+3.8%
Gross profit$21.8M+2.9%
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%
Free cash flow-$44.3M+9.7%

Valuation

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Market cap$2.48B+539%
Enterprise value$2.56B+435%
P/S44.6×+39.4×

Profitability

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Gross margin100%+31.2pp
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×

Where this comes from

Reported directly by Nektar Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Nektar Therapeutics’s 10-Q, filed May 8, 2026.

Filed
May 7, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-212596
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Cash flows from investing activities:
Purchases of investments(452,253)(24,931)
Maturities of investments101,48269,319
Purchases of property and equipment(18)(2)
Payment of transaction costs and working capital adjustment from the sale of the Huntsville manufacturing facility-(697)
Net cash provided by (used in) investing activities(350,789)43,689
Cash flows from financing activities:
Proceeds from shares issued under equity compensation plans4,0557

Item 1. Condensed Consolidated Financial Statements—Unaudited:

FAQ

What is Nektar Therapeutics's capex?
Nektar Therapeutics (NKTR) reported capex of $18K in Q1 2026.
How has Nektar Therapeutics's capex changed year-over-year?
Nektar Therapeutics's capex increased by 800.0% year-over-year, from $2K to $18K.
What is the long-term trend for Nektar Therapeutics's capex?
Over 4 years (2021 to 2025), Nektar Therapeutics's capex has grown at a -67.3% compound annual growth rate (CAGR), from $14.99M to $171K.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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