Nektar Therapeutics

Nektar Therapeutics

NKTRยทNASDAQ

$59.23

+1.1%
HealthcareBiotechnology

Nektar Therapeutics, a biopharmaceutical company, focuses on discovering and developing medicines in areas of unmet medical need in the United States and internationally. The company's products include Bempegaldesleukin, a CD122-preferential interleukin-2 (IL-2) pathway agonist, which is in phase 3 clinical trial to treat metastatic melanoma, renal cell carcinoma, muscle-invasive bladder cancer, squamous cell carcinoma of the head and neck, and adjuvant melanoma; phase 2 clinical trial for the treatment of renal cell carcinoma, non-small cell lung cancer, and urothelial cancer; phase 1/2A clinical trial to treat squamous cell carcinoma of the head and neck; phase 1/2 clinical trial for the treatment of solid tumors; and phase 1B clinical trial to treat COVID-19. It is also developing NKTR-358, a cytokine Treg stimulant that is in phase 2 clinical trial for the treatment of systemic lupus erythematosus and ulcerative colitis, as well as phase 1B clinical trial to treat atopic dermatitis and psoriasis; NKTR-255, an IL-15 receptor agonist, which is in phase 1/2 clinical trial for the treatment of non-Hodgkin's lymphoma and multiple myeloma, and head and neck cancer and colorectal cancer; and NKTR-262, a toll-like receptor agonist that is in phase 1/2 clinical trial to treat solid tumors, as well as various other drug candidates. The company has collaboration agreements with Takeda Pharmaceutical Company Ltd.; AstraZeneca AB; UCB Pharma S.A.; F. Hoffmann-La Roche Ltd; Bausch Health Companies Inc.; Pfizer Inc.; Amgen Inc.; UCB Pharma (Biogen); Bristol-Myers Squibb Company; Baxalta Incorporated; Eli Lilly and Company; Merck KGaA; and SFJ Pharmaceuticals, Inc. Nektar Therapeutics was incorporated in 1990 and is headquartered in San Francisco, California.

At a Glance

Live Snapshot
Market Cap$1.16B
EPS-9.7300
P/E Ratio-6.09
Earnings Date08/06/2026
3Y-31.0%
5Y-33.0%
10Y+78.0%
3Y-100.0%
5Y-100.0%
10Y-99.0%
3Y+11874.0%
5Y-325.0%
10Y-11.0%
NKTR

Nektar Therapeutics Cash Conversion Engine

NKTR ยท NASDAQ
Net Income-164.08M
Depreciation & Amortization-4.49M
Stock-Based Compensation12.65M
Change in Working Capital-37.02M
Others-15.58M
Capital Expenditures-171.00K
Free Cash Flow-208.68M

Cash Flow Quality Analysis

FCF Conversion Rate

127.2%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-0.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-17.8%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$37.02M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

Nektar Therapeutics Cash Flow Statement

NKTR โ€ข NASDAQ

Nektar Therapeutics Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
-164.1M
-119M
-276.1M
-368.2M
-523.8M
-444.4M
-440.7M
681.3M
-96.7M
-153.5M
-81.2M
-53.9M
-162M
-171.9M
-134M
-37.9M
-102.5M
-34.3M
-32.8M
-154.8M
-4.5M
4.4M
7.8M
13M
14.1M
14.2M
13.2M
10.9M
14.7M
15.4M
12.9M
12.9M
14.3M
14.5M
15M
16.6M
14.9M
22.5M
28.2M
32.6M
0.0
0.0
-140K
2.7M
8M
20.4M
0.0
0.0
15.1M
0.0
1.6M
0.0
0.0
1.7M
134M
12.6M
0.0
-79.4M
-13.8M
-2.1M
12.6M
21.6M
33.4M
57.3M
94.7M
94.3M
99.8M
88.1M
36.6M
25.9M
19.7M
17M
17.7M
16.2M
18.9M
17.4M
10.3M
9.9M
14.8M
9.7K
-15.6M
-76.5M
62.2M
-9.4M
17.4M
-14.4M
-22.7M
-23.1M
-12.5M
-12.6M
8.7M
-1.6M
918K
8.1M
-132.6M
198K
-657K
-37.6M
43.2M
40.4M
(0.0)
(76K)
(2.7M)
(272K)
(325K)
(539K)
(555K)
(618K)
(556K)
(757K)
-860K
(964K)
(1M)
(1M)
-957K
-407K
(743K)
(812K)
(0.0)
(0.0)
-37M
-6.2M
-19.8M
492K
-23.1M
16.7M
21.7M
-39M
-37.6M
7.9M
-34.7M
-116.4M
90.6M
1.6M
-15M
-64.7M
117.7M
-26.8M
106.8M
-8.9M
-208.5M
-175.7M
-192.6M
-304M
-412.7M
-313.3M
-328.7M
718.2M
-80.4M
-117M
-73.1M
-142M
-38.5M
-129.8M
-113.7M
-55.9M
39.7M
-145.8M
146.3M
-92.7M
INVESTING ACTIVITIES
-171K
-1.5M
-865K
-5.7M
-15M
-7.3M
-26.3M
-14.2M
-9.7M
-6.4M
-11.2M
-10M
-4.1M
-10.6M
-9.7M
-31.5M
-20.7M
-18.9M
-32.8M
-22.5M
-697K
(65.4M)
(0.0)
(13.2M)
-217.8M
-503.5M
-233.2M
(2.6M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-4M
(115M)
(0.0)
(0.0)
-285M
-261.7M
-511.7M
-467.9M
-960.7M
-987.5M
-1.4B
-2.3B
-404.4M
-334.7M
-297.6M
-297.3M
-268.1M
-164.7M
-695.4M
-443.1M
-451.9M
-479.6M
-593.1M
-502.2M
284.7M
340.4M
650.9M
826.2M
1.2B
1.5B
1.6B
902.9M
385.3M
258.7M
269.5M
269.7M
322.1M
313.3M
593.1M
491.3M
328M
658.2M
593.3M
407.9M
0.0
0.0
1.2M
0.0
217.8M
503.5M
233.2M
2.6M
-19.1M
-76M
25M
-27.6M
54M
-25M
0.0
0.0
-440K
-169K
0.0
0.0
-1.2M
(142.6M)
(139.6M)
(365.8M)
(202.8M)
(496.2M)
(206.9M)
-1.4B
-28.8M
-82.4M
-14.3M
-37.6M
(49.9M)
(113M)
-112M
(16.7M)
-149M
(274.7M)
-32.7M
-116.9M
FINANCING ACTIVITIES
180.6M
-3M
30K
758K
33.2M
23.4M
0.0
790.2M
0.0
189.3M
32.2M
116.5M
0.0
0.0
219.8M
8.9M
4.8M
384K
3.8M
22.3M
0.0
0.0
0.0
0.0
0.0
-103.8M
0.0
0.0
-5.1M
-5.9M
98.6M
-10.5M
-6M
-96.9M
-2M
-1.4M
-1.3M
-50.1M
-105.5M
-10.5M
(0.0)
-3M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
0.0
45.1M
0.0
750K
3M
0.0
23.4M
61.7M
59.5M
20.3M
0.0
47M
8.2M
123.7M
4.5M
0.0
0.0
0.0
0.0
0.0
180.6M
42.1M
30K
1.5M
36.2M
-80.4M
23.4M
852M
54.4M
203.6M
130.8M
153M
2.2M
26.8M
222.3M
7.5M
3.5M
-49.7M
-101.8M
11.8M
CASH FLOW SUMMARY
6K
-4K
62K
-327K
-92K
20K
-102K
-101K
-46K
-124K
-159K
-109K
32K
60K
916K
-219K
-226K
162K
654K
311K
-29.1M
9M
-53M
63M
-173.7M
102.6M
-98.5M
190.1M
-54.9M
4.1M
43.2M
-26.7M
13.6M
10.1M
-2.4M
-31.8M
-106M
79.3M
12.5M
-197.5M
44.3M
35.3M
88.2M
25.2M
199M
96.4M
194.9M
4.8M
59.6M
55.6M
12.4M
39.1M
25.4M
15.3M
17.8M
49.6M
155.6M
76.3M
63.8M
261.3M
15.1M
44.3M
35.3M
88.2M
25.2M
199M
96.4M
194.9M
4.8M
59.6M
55.6M
12.4M
39.1M
25.4M
15.3M
17.8M
49.6M
155.6M
76.3M
63.8M
-208.7M
-177.2M
-193.5M
-309.7M
-427.6M
-320.5M
-355M
704M
-90.1M
-123.4M
-84.3M
-152M
-42.6M
-140.3M
-123.5M
-87.3M
19M
-164.6M
113.5M
-115.2M

SEC Filings

NKTR - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 08, 2026
May 08, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 24, 2026
June 04, 2026
2026
8-K

8-K 2026

N/A

April 23, 2026
April 21, 2026
2026
8-K

8-K 2026

N/A

April 20, 2026
April 20, 2026
2026
8-K

8-K 2026

N/A

April 20, 2026
April 20, 2026
2026
10-K

10-K 2025 FY

FY

March 13, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 12, 2026
March 12, 2026
2026
8-K

8-K 2026

N/A

February 13, 2026
February 11, 2026
2026
Showing 1 to 10 of 551 filings