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NKTRNektar Therapeutics
$37.26$1.2B
Overview & Tools
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NKTR logo

Nektar Therapeutics

NKTR
NASDAQ · Immunology Biotech
$37.26
At close - Nov 6, 4:00 PM EST - USD
Market Cap$1.23B
P/E-7.8x
52W High$109.00
Volume608K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Capital Infusion Masks Structural Cash Burn and Revenue Collapse

Nektar Therapeutics' fundamental outlook is defined by a severe revenue contraction, with TTM revenue declining 43.9% to $53.0M following the exhaustion of major collaboration milestones, leaving the company reliant on a high-cost R&D platform.

GrowthContracting
ProfitabilityNegative
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

NKTR price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

-121% Peers

P/E is 121% below peer median

03

Market leadership

RS 11 · Lag

Laggard (Underperforming 89% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 12

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NKTR-14.19%
S&P 500 (^GSPC)+7.63%
1-Year Return
NKTR-32.40%
S&P 500 (^GSPC)+9.69%
3-Year Return
NKTR+368.68%
S&P 500 (^GSPC)+76.00%
5-Year Return
NKTR-83.04%
S&P 500 (^GSPC)+59.86%

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$55M-43.9% YoY
Net income FY25
-$164M-37.9% YoY
Free cash flow FY25
-$209M-17.8% YoY
Operating margin FY25
-236.8%-129.9 pts YoY
ROIC (FY25)-57.2%
Avg ROIC 5Y-40.9%
ROE (TTM)-38%
Piotroski Score2 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 13, 2026
-$1.23+37.6%
vs -$1.97
$10M-2.8%
vs $10M
Q2 2026
May 7, 2026
-$1.82-15.0%
vs -$1.58
$11M+1.6%
vs $11M
Q2 2026
Mar 12, 2026
-$1.78+28.1%
vs -$2.47
$22M+114.0%
vs $10M
Q4 2025
Nov 6, 2025
-$1.85+35.1%
vs -$2.85
$12M+17.3%
vs $10M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·Oct 30, 2026
Nektar Therapeutics: Focus Returns To The Strengths Of The Company

NKTR's rezpegaldesleukin is now in phase 3 trials in atopic dermatitis, but there is additional data from the company's phase 2b REZOLVE-AD trial expected in Q1'27. The market focus has shifting back to atopic dermatitis could be considered bullish, since the drug has impressed more in that indication previously. By comparison, an early October update from the alopecia areata trial, REZOLVE-AA, was met with selling.

Zacks Investment Research·Oct 29, 2026
Nektar Therapeutics (NKTR) Expected to Beat Earnings Estimates: Should You Buy?

Nektar (NKTR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PRNewsWire·Oct 27, 2026
Nektar Therapeutics to Announce Financial Results for the Third Quarter on Thursday, November 12, 2026, After Close of U.S.-Based Financial Markets

SAN FRANCISCO, Oct. 27, 2026 /PRNewswire/ -- Nektar Therapeutics (Nasdaq: NKTR) will announce its financial results for the third quarter ended September 30, 2026 on Thursday, November 12, 2026, after the close of U.S.-based financial markets. Howard Robin, President and Chief Executive Officer, will host a conference call to review the results beginning at 5:00 p.m.

PRNewsWire·Oct 23, 2026
Nektar Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

SAN FRANCISCO, Oct. 23, 2026 /PRNewswire/ -- Nektar Therapeutics (NASDAQ: NKTR) today announced that, on October 20, 2026, the Organization and Compensation Committee of Nektar's Board of Directors granted non-qualified stock options to purchase an aggregate of 45,750 shares of its common stock and 2,775 restricted stock units (RSUs) to sixteen newly-hired employees under Nektar's 2025 Inducement Plan, as amended. Nektar's 2025 Inducement Plan was adopted by its Board of Directors on November 6, 2025 and amended on September 23, 2026 to increase the number of shares of common stock reserved and available for issuance under the plan by 250,000 shares, for a total of 500,000 shares.

Filtered for Nektar TherapeuticsMore Headlines
04

Compare before deciding

Benchmark NKTR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Nektar Therapeutics (NKTR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NKTR logoNKTRNektar TherapeuticsCurrent
$37.26$1.23B-7.84-43.89%-287.84%-37.99%—
HALO logoHALOHalozyme Therapeutics, Inc.
$103.63$12.29B26.1837.55%26.93%544.26%—
ARWR logoARWRArrowhead Pharmaceuticals, Inc.
$58.16$8.19B-26.0623258.15%-47.79%-60.05%—
ALNY logoALNYAlnylam Pharmaceuticals, Inc.
$155.94$20.82B7.9065.19%54.34%159.72%—
IONS logoIONSIonis Pharmaceuticals, Inc.
$39.42$6.55B-11.5533.87%-64.64%-110.84%—
EXEL logoEXELExelixis, Inc.
$69.57$17.49B20.106.98%35.45%45.54%—

Compare NKTR vs Peers

Nektar Therapeutics (NKTR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HALO

Most directly comparable listed peer for NKTR.

Scale Benchmark

vs LLY

Larger-name benchmark to compare NKTR against a more recognizable public peer.

Peer Set

Compare Top 5

vs HALO, ARWR, ALNY, IONS

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

NKTR SEC Filings & Documents

Nektar Therapeutics (NKTR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 13, 2026·SEC

Material company update

Jun 5, 2026·SEC

Material company update

May 8, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 13, 2026·SEC

FY 2025

Mar 14, 2025·SEC

FY 2024

Mar 5, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 14, 2026·SEC

FY 2026

May 8, 2026·SEC

FY 2025

Nov 7, 2025·SEC

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NKTR Frequently Asked Questions

Nektar Therapeutics (NKTR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Nektar Therapeutics's revenue?

Nektar Therapeutics (NKTR) reported $54.6M in revenue over the trailing twelve months. Revenue was $55.2M in fiscal year 2025. That is 700% more than the $6.9M of fiscal year 1996.

How fast is Nektar Therapeutics growing?

Nektar Therapeutics (NKTR) revenue fell by 27.2% over the trailing twelve months, compared with the twelve months before.

Is NKTR profitable?

No. Nektar Therapeutics (NKTR) reported a net loss of $157.1M over the trailing twelve months.

Dividend & Returns
What is NKTR's return on equity?

Nektar Therapeutics (NKTR) had a return on equity (ROE) of -38.0% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Nektar Therapeutics's free cash flow?

Nektar Therapeutics (NKTR) had negative free cash flow of $234.1M over the trailing twelve months.

What if you invested $1,000 in NKTR back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →