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NKTRNektar Therapeutics
$57.66$1.9B
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NKTR logo

Nektar Therapeutics

NKTR
NASDAQ · Biotechnology
$57.66
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$1.91B
P/E-5.9x
52W High$109.00
Volume1.8M
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. The recent $903...

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

-122% Peers

P/E is 122% below peer median

03

Market leadership

RS 71 · Avg

Average momentum (RS Rating: 71)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 13

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NKTR+32.80%
S&P 500 (^GSPC)+12.39%
1-Year Return
NKTR-3.26%
S&P 500 (^GSPC)+15.77%
3-Year Return
NKTR+528.10%
S&P 500 (^GSPC)+64.24%
5-Year Return
NKTR-79.18%
S&P 500 (^GSPC)+62.82%

Growth & profitability

Annual revenue & EPS trend
Revenue
$55M-43.9% YoY
Net income
-$164M-37.9% YoY
Free cash flow
-$209M-17.8% YoY
Operating margin
-236.8%-129.9 pts YoY
ROIC (TTM)-57.2%
Avg ROIC 5Y-
ROE (TTM)-217.9%
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

5 Stories
Defense World·6d ago
Analyzing Nektar Therapeutics (NASDAQ:NKTR) & Evaxion A/S (NASDAQ:EVAX)

Evaxion A/S (NASDAQ: EVAX - Get Free Report) and Nektar Therapeutics (NASDAQ: NKTR - Get Free Report) are both healthcare companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, dividends, profitability, earnings, institutional ownership, risk and analyst recommendations. Profitability This table compares Evaxion A/S and Nektar

Defense World·Sep 14, 2026
HB Wealth Management LLC Purchases New Position in Nektar Therapeutics $NKTR

HB Wealth Management LLC purchased a new stake in Nektar Therapeutics (NASDAQ: NKTR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,315 shares of the biopharmaceutical company's stock, valued at approximately $650,000. Several other hedge funds have also bought

PRNewsWire·Aug 28, 2026
Nektar Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

SAN FRANCISCO, Aug. 28, 2026 /PRNewswire/ -- Nektar Therapeutics (NASDAQ: NKTR) today announced that, on August 20, 2026, the Organization and Compensation Committee of Nektar's Board of Directors granted non-qualified stock options to purchase an aggregate of 25,200 shares of its common stock and 5,000 restricted stock units (RSUs) to eleven newly-hired employees under Nektar's 2025 Inducement Plan. Nektar's 2025 Inducement Plan was adopted by its Board of Directors on November 6, 2025 and is used exclusively for the grant of equity awards to individuals who were not previously an employee or non-employee director of Nektar (or following a bona fide period of non-employment), as an inducement material to such individual's entering into employment with Nektar, pursuant to Nasdaq Listing Rule 5635(c)(4).

PRNewsWire·Aug 25, 2026
Nektar Announces Publication in The Lancet of Positive Phase 2b REZOLVE-AD 16-Week Induction Results of Rezpegaldesleukin in Moderate-to-Severe Atopic Dermatitis

REZOLVE-AD study met all primary and key secondary endpoints, including EASI-75, EASI-90, Itch NRS, vIGA-AD and BSA, on rezpegaldesleukin 24 µg/kg q2w First large, placebo-controlled trial to support T-reg modulation as a clinical mechanism for immunoregulation of chronic inflammatory disease Findings support the continued development of rezpegaldesleukin in the ongoing Phase 3 ZENITH AD clinical program SAN FRANCISCO, Aug. 25, 2026 /PRNewswire/ -- Nektar Therapeutics (Nasdaq: NKTR) today announced the publication of peer-reviewed data from the 16-week induction period of REZOLVE-AD, a global, randomized, double-blind, placebo-controlled Phase 2b study evaluating rezpegaldesleukin in adults with moderate-to-severe atopic dermatitis (AD). The publication in The Lancet, a world-leading medical journal, provides the medical and scientific community with the full reporting of efficacy, safety, pharmacodynamics, pharmacokinetics, and biomarker findings from the 16-week induction period of the Phase 2b trial.

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
$57.66$1.91B-5.93-43.89%-297.07%-217.94%—
HALO logoHALOHalozyme Therapeutics, Inc.
$112.44$13.34B43.9237.55%24.86%180.63%—
ARWR logoARWRArrowhead Pharmaceuticals, Inc.
$66.96$9.43B-5488.5223258.15%-47.79%-60.05%—
ALNY logoALNYAlnylam Pharmaceuticals, Inc.
$246.51$32.91B105.8065.19%16.82%93.61%—
IONS logoIONSIonis Pharmaceuticals, Inc.
$43.93$7.3B-18.4633.87%-64.64%-110.84%—
EXEL logoEXELExelixis, Inc.
$56.73$14.26B20.416.98%35.33%42.49%—

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 for fiscal year 2025. This represents a 691% increase from $6.9M in 1996.

How fast is Nektar Therapeutics growing?

Nektar Therapeutics (NKTR) saw revenue decline by 43.9% over the past year.

Is NKTR profitable?

Nektar Therapeutics (NKTR) reported a net loss of $157.1M for fiscal year 2025.

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

Nektar Therapeutics (NKTR) has a return on equity (ROE) of -217.9%. Negative ROE indicates the company is unprofitable.

What is Nektar Therapeutics's free cash flow?

Nektar Therapeutics (NKTR) had negative free cash flow of $234.1M in fiscal year 2025, likely due to heavy capital investments.

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

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

See returns →