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Nuvation Bio NUVB Gross Profit

Discontinued — last reported Q3 '25

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Other financials

Income statement

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Revenue$31.7M+556%
Operating income-$51.0M+19.7%
Net income-$62.8M-6.5%
EPS (diluted)-$0.18-5.9%

Balance sheet

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Cash & equivalents$258.6M+4.3%
Total debt$9.5M-83.5%
Total equity$253.9M-31.9%
Total assets$744.5M+15.0%

Cash flow

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Operating cash flow-$43.0M+10.8%
CapEx$254.0K+40.3%
Free cash flow-$43.2M+10.6%

Valuation

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Market cap$2.15B+168%
Enterprise value$1.9B+211%
P/S12.6×-43.1×

Profitability

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Gross margin54.3%+39.5pp
Operating margin-81%-39.4pp
Net margin-88.2%-42.7pp
FCF margin-75.7%-36.6pp

Returns & leverage

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Return on equity-47.8%-9.8pp
Debt / equity-0.1×
Current ratio8.4×-1.0×

Where this comes from

Calculated from Nuvation Bio’s reported figures.

The source filing: Nuvation Bio’s 10-Q, filed November 3, 2025.

Filed
Nov 3, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001193125-25-262605
Line itemFor the Three Months Ended September 30, 2025For the Three Months Ended September 30, 2024For the Nine Months Ended September 30, 2025For the Nine Months Ended September 30, 2024
Collaboration and license agreements revenue5,39772712,0762,162
Total revenues13,12072721,0372,162
Cost of revenue3,3491,5158,0192,862
Gross profit (deficit)9,771(788)13,018(700)
Operating expenses:
Research and development28,84627,73180,80969,820
Acquired in-process research and development425,070
Selling, general and administrative37,35919,582111,23643,095

Item 1. Financial Statements.

FAQ

What is Nuvation Bio's gross profit?
Nuvation Bio (NUVB) reported gross profit of $9.77M in Q3 2025.
How has Nuvation Bio's gross profit changed year-over-year?
Nuvation Bio's gross profit increased by 1340.0% year-over-year, from -$788K to $9.77M.
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.

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