$59.23
+1.1%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.
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.
NKTR โข NASDAQ
| Nektar Therapeutics Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 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 |
NKTR - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
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 |
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