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Other financials

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

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Market cap$2.25B+1,531%
Enterprise value$2.33B+874%
P/S40.5×+38.9×

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

Calculated from Nektar Therapeutics’s reported figures.

The official record: Nektar Therapeutics’s 10-K, filed March 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nektar Therapeutics's gross profit?
Nektar Therapeutics (NKTR) reported gross profit of $21.81M in Q4 2025.
How has Nektar Therapeutics's gross profit changed year-over-year?
Nektar Therapeutics's gross profit increased by 2.9% year-over-year, from $21.2M to $21.81M.
What is the long-term trend for Nektar Therapeutics's gross profit?
Over 4 years (2021 to 2025), Nektar Therapeutics's gross profit has grown at a -8.0% compound annual growth rate (CAGR), from $77.01M to $55.23M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.