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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$2.15B+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

Reported directly by Nuvation Bio in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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
Line itemFor the Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025For the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025
Costs and expenses:
Cost of sales9111721,286172
Cost of collaboration and license agreements revenue8,5602,40414,1764,498
Research and development30,66127,36265,70851,963
Selling, general and administrative42,59138,48480,90073,877
Total costs and expenses82,72368,422162,070130,510
Loss from operations(51,036)(63,589)(47,155)(122,593)
Other income (expense):

Item 1. Financial Statements.

FAQ

What is Nuvation Bio's R&D?
Nuvation Bio (NUVB) reported R&D of $30.66M in Q2 2026.
How has Nuvation Bio's R&D changed year-over-year?
Nuvation Bio's R&D increased by 12.1% year-over-year, from $27.36M to $30.66M.
What is the long-term trend for Nuvation Bio's R&D?
Over 4 years (2021 to 2025), Nuvation Bio's R&D has grown at a 13.6% compound annual growth rate (CAGR), from $69.04M to $115.11M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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