What is Nuvation Bio's gross margin?

Nuvation Bio (NUVB) reported gross margin of 54.3% in Q3 2025.

How has Nuvation Bio's gross margin changed year-over-year?

Nuvation Bio's gross margin increased by 267.6% year-over-year, from -32.4% to 54.3%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Nuvation Bio NUVB Gross margin

Gross margin at other companies

Bristol-Myers SquibbBMY

70.5%0.0pp

PfizerPFE

73.5%+1.2pp

ImmunityBio, Inc.IBRX

99.3%-0.5pp

Nektar TherapeuticsNKTR

100%+31.2pp

BillionToOne, Inc. BLLN

70.4%—

IncyteINCY

92.5%-0.2pp

Other financials

Income statement

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Revenue$83.2M+2,599%

Gross profit$9.8M+1,340%

Operating income$3.9M+107%

Net income$5.4M+110%

EPS (diluted)$0.01+106%

Balance sheet

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Cash & equivalents$125.4M+161%

Total debt$57.2M+401%

Total equity$319.6M-23.8%

Total assets$610.2M+23.9%

Cash flow

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Operating cash flow$5.1M+112%

CapEx$48.0K-33.3%

Free cash flow$5.0M+112%

Valuation

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Market cap$2.1B+150%

Enterprise value$2.03B+154%

P/S14.7×-62.0×

Profitability

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Operating margin-105%-52.0pp

Net margin-102.1%-50.6pp

FCF margin-93.5%-45.2pp

Returns & leverage

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Return on equity-39.5%-15.8pp

Debt / equity0.2×+0.2×

Current ratio7.4×-1.6×

Where this comes from

Calculated from Nuvation Bio’s reported figures.

gross profit/total revenue=54.3%

Based on trailing twelve months.

The official record: Nuvation Bio’s 10-Q, filed November 3, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nuvation Bio's gross margin?: Nuvation Bio (NUVB) reported gross margin of 54.3% in Q3 2025.
How has Nuvation Bio's gross margin changed year-over-year?: Nuvation Bio's gross margin increased by 267.6% year-over-year, from -32.4% to 54.3%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.