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Nuvation Bio NUVB License — Deferred Revenue

Other product segments

Research And Development Service Revenue
$17M-23.4%

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Other financials

Income statement

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Revenue$31.7M+556%
Gross profit$9.8M+1,340%
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$2.32B+202%
Enterprise value$2.07B+259%
P/S13.6×-39.8×

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

Reported directly by Nuvation Bio in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Nuvation Bio’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 6:55 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-336646

well as double-digit tiered royalties up to the high-teens as a percentage of future net sales in the Territory. Following the upfront payment, the Company will receive the first milestone payment of €25.0 million (approximately USD $30.0 million) from this transaction upon achievement of EU regulatory approval (conditional or full) of taletrectinib. In January 2026, upon receipt of the upfront payment, the Company recognized approximately $58.7 million in license revenue.

Item 1. Financial Statements.

FAQ

What is Nuvation Bio's license — deferred revenue?
Nuvation Bio (NUVB) reported license — deferred revenue of $58.7M in Q1 2026.
What does license — deferred revenue mean?
This metric represents the deferred revenue or performance obligations arising from licensing contracts where consideration has been received but the associated performance obligations have not yet been satisfied. It serves as a measure of future revenue that is expected to be recognized as the company fulfills its contractual commitments. This liability provides insight into the long-term service or development obligations tied to existing partnership agreements.

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