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NextCure, Inc. (NXTC) 10-Year Financial Performance & Capital Metrics

NXTC • • Industrial / General
HealthcareBiotechnologyOncology TherapeuticsImmuno-Oncology
AboutNextCure, Inc., a clinical-stage biopharmaceutical company, engages in discovering and developing novel immunomedicines to treat cancer and other immune-related diseases by restoring normal immune function. Its lead product candidate is NC318, which is in Phase II clinical trials for the treatment of advanced or metastatic solid tumors. The company is also developing NC410, which is in Phase I for novel immunomedicine designed to block immune suppression mediated by an immune modulator called Leukocyte-Associated Immunoglobulin-like Receptor 1; NC762, an immunomedicine targeting a molecule called human B7 homolog 4 protein, or B7-H4; and NC525, a novel LAIR-1 antibody which is in Preclinical trails that targets acute myeloid leukemia, blast cells, and leukemic stem cells. Its discovery and research programs include an antibody in preclinical evaluation of other potential novel immunomodulatory molecules. The company has a license agreement with Yale University. NextCure, Inc. was incorporated in 2015 and is headquartered in Beltsville, Maryland.Show more
  • Revenue $0
  • EBITDA -$57M +11.1%
  • Net Income -$56M +11.3%
  • EPS (Diluted) -23.88 +11.7%
  • Gross Margin -
  • EBITDA Margin -
  • Operating Margin -
  • Net Margin -
  • ROE -61.87% -39.1%
  • ROIC -59.1% -49.1%
  • Debt/Equity 0.09 +57.4%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 95 (top 5%)
  • ✓Trading at only 0.5x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM0.87%

EPS CAGR

10Y-
5Y-
3Y-
TTM3.78%

ROCE

10Y Avg-40.66%
5Y Avg-36.85%
3Y Avg-48.24%
Latest-62.09%

Peer Comparison

Immuno-Oncology
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Sector-Specific
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IMTXImmatics N.V.1.33B9.9270.86188.6%-136.72%-27.81%0.03
CTMXCytomX Therapeutics, Inc.720.1M4.2511.1836.45%24.66%26.09%
IOVAIovance Biotherapeutics, Inc.881.27M2.22-1.73136.99%-158.78%-56.62%0.08
REPLReplimune Group, Inc.572.64M7.30-2.38-117.82%0.18
NKTRNektar Therapeutics719.28M35.36-4.079.22%-192.87%-141.9%1.69
IMNMImmunome, Inc.2.52B22.85-4.57-35.5%-23.01%-84.4%0.03
IBRXImmunityBio, Inc.3.89B3.95-6.3722.71%-422.28%
NRIXNurix Therapeutics, Inc.1.91B18.86-6.55-29.15%-292.5%-65.76%0.05

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+006.35M22.38M0000
Revenue Growth %---2.53%-1%---
Cost of Goods Sold+582K1.68M34.22M46.55M0000
COGS % of Revenue--5.39%2.08%----
Gross Profit+-582K-1.68M-27.87M-24.18M0000
Gross Margin %---4.39%-1.08%----
Gross Profit Growth %--1.88%-15.62%0.13%1%---
Operating Expenses+15.55M23.2M9.61M17.05M70.77M75.91M67.64M59.75M
OpEx % of Revenue--1.51%0.76%----
Selling, General & Admin2.6M3.41M9.61M17.05M20.57M21.71M19.71M15.72M
SG&A % of Revenue--1.51%0.76%----
Research & Development12.95M19.79M34.22M46.55M50.19M54.2M47.93M41.49M
R&D % of Revenue--5.39%2.08%----
Other Operating Expenses80K397K-34.22M-46.55M0002.54M
Operating Income+-15.55M-23.2M-37.48M-41.23M-70.77M-75.91M-67.64M-59.75M
Operating Margin %---5.91%-1.84%----
Operating Income Growth %--0.49%-0.62%-0.1%-0.72%-0.07%0.11%0.12%
EBITDA+-14.97M-21.52M-34.79M-37.81M-66.59M-71.78M-63.95M-56.88M
EBITDA Margin %---5.48%-1.69%----
EBITDA Growth %--0.44%-0.62%-0.09%-0.76%-0.08%0.11%0.11%
D&A (Non-Cash Add-back)582K1.68M2.69M3.41M4.18M4.12M3.68M2.87M
EBIT-15.44M-22.77M-37.48M-41.23M-70.77M-75.91M-67.64M-57.21M
Net Interest Income+00-205.25K-178.45K-75.68K1.17M00
Interest Income003.75K4.55K1.32K1.17M00
Interest Expense00209K183K77K000
Other Income/Expense80K397K3.75M4.62M1.38M1.18M4.91M4.09M
Pretax Income+-15.47M-22.8M-33.74M-36.6M-69.39M-74.73M-62.72M-55.65M
Pretax Margin %---5.32%-1.64%----
Income Tax+00000000
Effective Tax Rate %1%1%1%1%1%1%1%1%
Net Income+-15.47M-22.8M-33.74M-36.6M-69.39M-74.73M-62.72M-55.65M
Net Margin %---5.32%-1.64%----
Net Income Growth %--0.47%-0.48%-0.08%-0.9%-0.08%0.16%0.11%
Net Income (Continuing)-15.47M-22.8M-33.74M-36.6M-69.39M-74.73M-62.72M-55.65M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)+-8.17-12.04-25.79-15.95-30.15-32.32-27.04-23.88
EPS Growth %--0.47%-1.14%0.38%-0.89%-0.07%0.16%0.12%
EPS (Basic)-8.17-12.04-25.79-15.95-30.15-32.32-27.04-23.88
Diluted Shares Outstanding1.89M1.89M1.31M2.29M2.3M2.31M2.32M2.33M
Basic Shares Outstanding1.89M1.89M1.31M2.29M2.3M2.31M2.32M2.33M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+9.42M135.78M340M287.98M227.82M163.98M112.72M71.81M
Cash & Short-Term Investments8.43M135.17M334.61M283.45M219.59M159.91M108.3M68.62M
Cash Only8.43M135.17M34.09M32.77M12.34M26.63M13.08M27.73M
Short-Term Investments00300.51M250.68M207.25M133.28M95.22M40.89M
Accounts Receivable00000700K800K300K
Days Sales Outstanding--------
Inventory00000-700K00
Days Inventory Outstanding--------
Other Current Assets860K460K1.71M1.71M39K4.07M3.63M2.89M
Total Non-Current Assets+10.05M11.84M16.17M18.67M14.57M20.18M15.31M9.05M
Property, Plant & Equipment10.02M11.41M12.09M15.81M13.99M16.91M13.43M8.72M
Fixed Asset Turnover--0.52x1.42x----
Goodwill00000000
Intangible Assets00000000
Long-Term Investments003.33M00000
Other Non-Current Assets26K436K750K2.86M577K1.73M1.88M332K
Total Assets+19.47M147.63M356.17M306.64M242.39M184.16M128.04M80.86M
Asset Turnover--0.02x0.07x----
Asset Growth %-6.58%1.41%-0.14%-0.21%-0.24%-0.3%-0.37%
Total Current Liabilities+3.12M10.3M15.04M10.32M6.61M9.13M6.88M9.57M
Accounts Payable1.14M2.48M1.86M3.9M1.94M4.27M2.33M5.35M
Days Payables Outstanding715.58540.4319.8530.59----
Short-Term Debt400K387K1.67M1.67M0000
Deferred Revenue (Current)-504K1000K1000K130K0000
Other Current Liabilities19K28K234K13K2.92M2.7M113K1.67M
Current Ratio3.02x13.19x22.60x27.89x34.48x17.97x16.38x7.50x
Quick Ratio3.02x13.19x22.60x27.89x34.48x18.04x16.38x7.50x
Cash Conversion Cycle--------
Total Non-Current Liabilities+40.76M184.27M19.64M2.6M2.39M7.5M6.73M5.81M
Long-Term Debt460K73K3.33M1.81M0000
Capital Lease Obligations000006.61M5.95M5.15M
Deferred Tax Liabilities000-15.95M01.54M00
Other Non-Current Liabilities40.3M162.47M359K792K2.39M899K785K661K
Total Liabilities43.88M194.57M34.68M12.92M9M16.63M13.62M15.39M
Total Debt+964K587K5.13M3.47M07.12M6.61M5.95M
Net Debt-7.46M-134.59M-28.96M-29.3M-12.34M-19.51M-6.48M-21.78M
Debt / Equity--0.02x0.01x-0.04x0.06x0.09x
Debt / EBITDA--------
Net Debt / EBITDA--------
Interest Coverage---179.34x-225.27x-919.03x---
Total Equity+-24.41M-46.94M321.48M293.72M233.39M167.53M114.42M65.47M
Equity Growth %--0.92%7.85%-0.09%-0.21%-0.28%-0.32%-0.43%
Book Value per Share-12.90-24.80245.79128.02101.4172.4649.3328.09
Total Shareholders' Equity-24.41M-46.94M321.48M293.72M233.39M167.53M114.42M65.47M
Common Stock11K11K27K28K28K28K28K28K
Retained Earnings-24.5M-47.3M-81.03M-117.64M-187.03M-261.76M-324.48M-380.14M
Treasury Stock-75K-332K000000
Accumulated OCI-792K-2.47M-38K779K-663K-1.49M-222K4K
Minority Interest00000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-12.51M7.99M-35.62M-44.95M-57.24M-53.89M-52.97M-40.8M
Operating CF Margin %---5.61%-2.01%----
Operating CF Growth %-1.64%-5.46%-0.26%-0.27%0.06%0.02%0.23%
Net Income-15.47M-22.8M-33.74M-36.6M-69.39M-74.73M-62.72M-55.65M
Depreciation & Amortization582K1.68M2.69M3.41M7.2M4.12M3.68M2.87M
Stock-Based Compensation75K263K1.89M7.91M10.29M9.51M8.19M6.33M
Deferred Taxes00-7.26M-12.7M-23.74M000
Other Non-Cash Items1.24M3.21M7.26M12.7M23.74M3.49M-183K1.12M
Working Capital Changes2.3M28.85M-6.46M-19.68M-5.34M3.73M-1.94M4.53M
Change in Receivables00000000
Change in Inventory00000000
Change in Payables767K1.34M-622K2.04M-1.96M2.33M-1.94M3.02M
Cash from Investing+-8.65M-3.06M-303.92M43.52M36.6M67.98M39.27M55.31M
Capital Expenditures-8.65M-3.06M-3.37M-7.13M-2.36M-2.12M-820K-474K
CapEx % of Revenue--0.53%0.32%----
Acquisitions--------
Investments--------
Other Investing00050.66K38.96K70.09K00
Cash from Financing+24.86M121.42M243.04M-1.42M-3.27M200K154K144K
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing0-410K00000105K
Net Change in Cash--------
Free Cash Flow+-21.17M4.93M-38.99M-52.09M-59.6M-56M-53.79M-41.28M
FCF Margin %---6.14%-2.33%----
FCF Growth %-1.23%-8.91%-0.34%-0.14%0.06%0.04%0.23%
FCF per Share-11.182.60-29.81-22.70-25.90-24.22-23.19-17.71
FCF Conversion (FCF/Net Income)0.81x-0.35x1.06x1.23x0.82x0.72x0.84x0.73x
Interest Paid00000000
Taxes Paid00000000

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)---24.58%-11.9%-26.33%-37.28%-44.49%-61.87%
Return on Invested Capital (ROIC)---50.65%-11.1%-21.86%-30.85%-39.64%-59.1%
Gross Margin---439.09%-108.03%----
Net Margin---531.54%-163.57%----
Debt / Equity--0.02x0.01x-0.04x0.06x0.09x
Interest Coverage---179.34x-225.27x-919.03x---
FCF Conversion0.81x-0.35x1.06x1.23x0.82x0.72x0.84x0.73x
Revenue Growth---252.58%-100%---

Frequently Asked Questions

Growth & Financials

NextCure, Inc. (NXTC) grew revenue by 0.0% over the past year. Growth has been modest.

NextCure, Inc. (NXTC) reported a net loss of $58.0M for fiscal year 2024.

Dividend & Returns

NextCure, Inc. (NXTC) has a return on equity (ROE) of -61.9%. Negative ROE indicates the company is unprofitable.

NextCure, Inc. (NXTC) had negative free cash flow of $48.9M in fiscal year 2024, likely due to heavy capital investments.

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