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Segments

By segment

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All Other Segments$121K-69.3%

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%
CapEx$18.0K+800%
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:DepreciationAndAmortization.

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
Non-cash interest expense on liabilities related to the sales of future royalties7,9424,974
Loss from equity method investment1,7504,461
Stock-based compensation3,3553,898
Depreciation and amortization151426
Amortization of premiums (discounts), net(1,663)(1,324)
Changes in operating assets and liabilities:
Operating leases, net(2,409)(1,813)
Other assets949(5,958)

Item 1. Condensed Consolidated Financial Statements—Unaudited:

FAQ

What is Nektar Therapeutics's D&A?
Nektar Therapeutics (NKTR) reported D&A of $151K in Q1 2026.
How has Nektar Therapeutics's D&A changed year-over-year?
Nektar Therapeutics's D&A decreased by 64.6% year-over-year, from $426K to $151K.
What is the long-term trend for Nektar Therapeutics's D&A?
Over 4 years (2021 to 2025), Nektar Therapeutics's D&A has grown at a -48.1% compound annual growth rate (CAGR), from $14.15M to $1.03M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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