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6May 7, 2026·SEC
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NextCure, Inc. (NXTC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NextCure, Inc. (NXTC) stock price & volume — 10-year historical chart
NextCure, Inc. (NXTC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
NextCure, Inc. (NXTC) competitors in Oncology Therapeutics Developers — business model, growth, and fundamentals comparison
NextCure, Inc. (NXTC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NextCure, Inc. (NXTC) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 6.35M | 22.38M | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | 252.58% | -100% | - | - | - | - | - |
| Cost of Goods Sold | 582K | 1.68M | 34.22M | 46.55M | 0 | 0 | 0 | 0 | 2.19M | 365K |
| COGS % of Revenue | - | - | 539.09% | 208.03% | - | - | - | - | - | - |
| Gross Profit | -582K▲ 0% | -1.68M▼ 188.1% | -27.87M▼ 1561.8% | -24.18M▲ 13.3% | 0▲ 100.0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | -2.19M▲ 0% | -365K▲ 0% |
| Gross Margin % | - | - | -439.09% | -108.03% | - | - | - | - | - | - |
| Gross Profit Growth % | - | -188.14% | -1561.84% | 13.25% | 100% | - | - | - | - | - |
| Operating Expenses | 15.55M | 23.2M | 9.61M | 17.05M | 70.77M | 75.91M | 67.64M | 59.75M | 55.43M | 55.73M |
| OpEx % of Revenue | - | - | 151.46% | 76.19% | - | - | - | - | - | - |
| Selling, General & Admin | 2.6M | 3.41M | 9.61M | 17.05M | 20.57M | 21.71M | 19.71M | 15.72M | 12.69M | 12.23M |
| SG&A % of Revenue | - | - | 151.46% | 76.19% | - | - | - | - | - | - |
| Research & Development | 12.95M | 19.79M | 34.22M | 46.55M | 50.19M | 54.2M | 47.93M | 41.49M | 44.92M | 43.5M |
| R&D % of Revenue | - | - | 539.09% | 208.03% | - | - | - | - | - | - |
| Other Operating Expenses | 80K | 397K | -34.22M | -46.55M | 0 | 0 | 0 | 2.54M | -2.19M | 0 |
| Operating Income | -15.55M▲ 0% | -23.2M▼ 49.2% | -37.48M▼ 61.6% | -41.23M▼ 10.0% | -70.77M▼ 71.7% | -75.91M▼ 7.3% | -67.64M▲ 10.9% | -59.75M▲ 11.7% | -57.62M▲ 3.6% | -56.1M▲ 0% |
| Operating Margin % | - | - | -590.55% | -184.22% | - | - | - | - | - | - |
| Operating Income Growth % | - | -49.18% | -61.59% | -9.99% | -71.66% | -7.27% | 10.9% | 11.66% | 3.57% | - |
| EBITDA | -14.97M | -21.52M | -34.79M | -37.81M | -66.59M | -71.78M | -63.95M | -56.88M | -55.43M | -54.57M |
| EBITDA Margin % | - | - | -548.2% | -168.97% | - | - | - | - | - | - |
| EBITDA Growth % | - | -43.78% | -61.69% | -8.67% | -76.1% | -7.8% | 10.91% | 11.05% | 2.55% | -8.41% |
| D&A (Non-Cash Add-back) | 582K | 1.68M | 2.69M | 3.41M | 4.18M | 4.12M | 3.68M | 2.87M | 2.19M | 1.53M |
| EBIT | -15.44M | -22.77M | -37.48M | -41.23M | -70.77M | -75.91M | -67.64M | -57.21M | -57.62M | -45.67M |
| Net Interest Income | 0 | 0 | -205.25K | -178.45K | -75.68K | 1.17M | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 3.75K | 4.55K | 1.32K | 1.17M | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 209K | 183K | 77K | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 80K | 397K | 3.75M | 4.62M | 1.38M | 1.18M | 4.91M | 4.09M | 1.77M | 1.44M |
| Pretax Income | -15.47M▲ 0% | -22.8M▼ 47.4% | -33.74M▼ 48.0% | -36.6M▼ 8.5% | -69.39M▼ 89.6% | -74.73M▼ 7.7% | -62.72M▲ 16.1% | -55.65M▲ 11.3% | -55.84M▼ 0.3% | -54.66M▲ 0% |
| Pretax Margin % | - | - | -531.54% | -163.57% | - | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -15.47M▲ 0% | -22.8M▼ 47.4% | -33.74M▼ 48.0% | -36.6M▼ 8.5% | -69.39M▼ 89.6% | -74.73M▼ 7.7% | -62.72M▲ 16.1% | -55.65M▲ 11.3% | -55.84M▼ 0.3% | -54.66M▲ 0% |
| Net Margin % | - | - | -531.54% | -163.57% | - | - | - | - | - | - |
| Net Income Growth % | - | -47.39% | -47.98% | -8.5% | -89.57% | -7.7% | 16.07% | 11.27% | -0.34% | -10.38% |
| Net Income (Continuing) | -15.47M | -22.8M | -33.74M | -36.6M | -69.39M | -74.73M | -62.72M | -55.65M | -55.84M | -54.66M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -8.17▲ 0% | -12.04▼ 47.4% | -25.79▼ 114.2% | -15.95▲ 38.1% | -30.15▼ 89.0% | -32.32▼ 7.2% | -27.04▲ 16.3% | -23.88▲ 11.7% | -19.65▲ 17.7% | -10.43▲ 0% |
| EPS Growth % | - | -47.39% | -114.15% | 38.15% | -89% | -7.2% | 16.35% | 11.68% | 17.71% | 10.19% |
| EPS (Basic) | -8.17 | -12.04 | -25.79 | -15.95 | -30.15 | -32.32 | -27.04 | -23.88 | -19.65 | - |
| Diluted Shares Outstanding | 1.89M | 1.89M | 1.31M | 2.29M | 2.3M | 2.31M | 2.32M | 2.33M | 2.84M | 5.24M |
| Basic Shares Outstanding | 1.89M | 1.89M | 1.31M | 2.29M | 2.3M | 2.31M | 2.32M | 2.33M | 2.84M | 5.24M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
NextCure, Inc. (NXTC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 9.42M | 135.78M | 340M | 287.98M | 227.82M | 163.98M | 112.72M | 71.81M | 43.75M | 31.74M |
| Cash & Short-Term Investments | 8.43M | 135.17M | 334.61M | 283.45M | 219.59M | 159.91M | 108.3M | 68.62M | 41.82M | 29.74M |
| Cash Only | 8.43M | 135.17M | 34.09M | 32.77M | 12.34M | 26.63M | 13.08M | 27.73M | 25.98M | 15.17M |
| Short-Term Investments | 0 | 0 | 300.51M | 250.68M | 207.25M | 133.28M | 95.22M | 40.89M | 15.84M | 14.58M |
| Accounts Receivable | 0 | 0 | 0 | 0 | 0 | 700K | 800K | 300K | 100K | 0 |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | -700K | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 860K | 460K | 1.71M | 1.71M | 39K | 4.07M | 3.63M | 2.89M | 1.83M | 2M |
| Total Non-Current Assets | 10.05M | 11.84M | 16.17M | 18.67M | 14.57M | 20.18M | 15.31M | 9.05M | 6.44M | 6.24M |
| Property, Plant & Equipment | 10.02M | 11.41M | 12.09M | 15.81M | 13.99M | 16.91M | 13.43M | 8.72M | 5.89M | 5.39M |
| Fixed Asset Turnover | - | - | 0.52x | 1.42x | - | - | - | - | - | 0.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 3.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 26K | 436K | 750K | 2.86M | 577K | 1.73M | 1.88M | 332K | 546K | 2.5M |
| Total Assets | 19.47M▲ 0% | 147.63M▲ 658.4% | 356.17M▲ 141.3% | 306.64M▼ 13.9% | 242.39M▼ 21.0% | 184.16M▼ 24.0% | 128.04M▼ 30.5% | 80.86M▼ 36.8% | 50.18M▼ 37.9% | 37.98M▲ 0% |
| Asset Turnover | - | - | 0.02x | 0.07x | - | - | - | - | - | 0.00x |
| Asset Growth % | - | 658.35% | 141.26% | -13.9% | -20.96% | -24.02% | -30.48% | -36.85% | -37.94% | -191.04% |
| Total Current Liabilities | 3.12M | 10.3M | 15.04M | 10.32M | 6.61M | 9.13M | 6.88M | 9.57M | 10.57M | 6.89M |
| Accounts Payable | 1.14M | 2.48M | 1.86M | 3.9M | 1.94M | 4.27M | 2.33M | 5.35M | 2.01M | 3.07M |
| Days Payables Outstanding | 715.58 | 540.43 | 19.85 | 30.59 | - | - | - | - | 335.93 | 2.5K |
| Short-Term Debt | 400K | 387K | 1.67M | 1.67M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | -504K | 4.99M | 6.43M | 130K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 19K | 28K | 234K | 13K | 2.92M | 2.7M | 113K | 1.67M | 8.55M | 6.89M |
| Current Ratio | 3.02x | 13.19x | 22.60x | 27.89x | 34.48x | 17.97x | 16.38x | 7.50x | 4.14x | 4.14x |
| Quick Ratio | 3.02x | 13.19x | 22.60x | 27.89x | 34.48x | 18.04x | 16.38x | 7.50x | 4.14x | 4.14x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 40.76M | 184.27M | 19.64M | 2.6M | 2.39M | 7.5M | 6.73M | 5.81M | 4.67M | 4.37M |
| Long-Term Debt | 460K | 73K | 3.33M | 1.81M | 0 | 0 | 0 | 0 | 4.15M | 3.88M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 6.61M | 5.95M | 5.15M | 0 | 8.81M |
| Deferred Tax Liabilities | 0 | 0 | 0 | -15.95M | 0 | 1.54M | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 40.3M | 162.47M | 359K | 792K | 2.39M | 899K | 785K | 661K | 526K | 2.17M |
| Total Liabilities | 43.88M | 194.57M | 34.68M | 12.92M | 9M | 16.63M | 13.62M | 15.39M | 15.24M | 11.26M |
| Total Debt | 964K | 587K | 5.13M | 3.47M | 0 | 7.12M | 6.61M | 5.95M | 4.15M | 3.88M |
| Net Debt | -7.46M | -134.59M | -28.96M | -29.3M | -12.34M | -19.51M | -6.48M | -21.78M | -21.83M | -11.29M |
| Debt / Equity | - | - | 0.02x | 0.01x | - | 0.04x | 0.06x | 0.09x | 0.12x | 0.12x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.07x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 0.21x |
| Interest Coverage | - | - | -179.34x | -225.27x | -919.03x | - | - | - | - | - |
| Total Equity | -24.41M▲ 0% | -46.94M▼ 92.3% | 321.48M▲ 784.8% | 293.72M▼ 8.6% | 233.39M▼ 20.5% | 167.53M▼ 28.2% | 114.42M▼ 31.7% | 65.47M▼ 42.8% | 34.94M▼ 46.6% | 26.72M▲ 0% |
| Equity Growth % | - | -92.3% | 784.82% | -8.64% | -20.54% | -28.22% | -31.7% | -42.78% | -46.63% | -230.48% |
| Book Value per Share | -12.90 | -24.80 | 245.79 | 128.02 | 101.41 | 72.46 | 49.33 | 28.09 | 12.29 | 5.10 |
| Total Shareholders' Equity | -24.41M | -46.94M | 321.48M | 293.72M | 233.39M | 167.53M | 114.42M | 65.47M | 34.94M | 26.72M |
| Common Stock | 11K | 11K | 27K | 28K | 28K | 28K | 28K | 28K | 4K | 4K |
| Retained Earnings | -24.5M | -47.3M | -81.03M | -117.64M | -187.03M | -261.76M | -324.48M | -380.14M | -435.98M | -445.78M |
| Treasury Stock | -75K | -332K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -792K | -2.47M | -38K | 779K | -663K | -1.49M | -222K | 4K | 21K | -2K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NextCure, Inc. (NXTC) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -12.51M | 7.99M | -35.62M | -44.95M | -57.24M | -53.89M | -52.97M | -40.8M | -49.61M | -49.61M |
| Operating CF Margin % | - | - | -561.26% | -200.88% | - | - | - | - | - | - |
| Operating CF Growth % | - | 163.86% | -545.73% | -26.19% | -27.34% | 5.87% | 1.69% | 22.97% | -21.59% | -99.5% |
| Net Income | -15.47M | -22.8M | -33.74M | -36.6M | -69.39M | -74.73M | -62.72M | -55.65M | -55.84M | -54.66M |
| Depreciation & Amortization | 582K | 1.68M | 2.69M | 3.41M | 7.2M | 4.12M | 3.68M | 2.87M | 1.7M | 1.56M |
| Stock-Based Compensation | 75K | 263K | 1.89M | 7.91M | 10.29M | 9.51M | 8.19M | 6.33M | 2.99M | 1.97M |
| Deferred Taxes | 0 | 0 | -7.26M | -12.7M | -23.74M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.24M | 3.21M | 7.26M | 12.7M | 23.74M | 3.49M | -183K | 1.12M | 587K | -3.74M |
| Working Capital Changes | 2.3M | 28.85M | -6.46M | -19.68M | -5.34M | 3.73M | -1.94M | 4.53M | 954K | 4.89M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 767K | 1.34M | -622K | 2.04M | -1.96M | 2.33M | -1.94M | 3.02M | -3.34M | 334K |
| Cash from Investing | -8.65M | -3.06M | -303.92M | 43.52M | 36.6M | 67.98M | 39.27M | 55.31M | 25.56M | 19.76M |
| Capital Expenditures | -8.65M | -3.06M | -3.37M | -7.13M | -2.36M | -2.12M | -820K | -474K | 0 | 0 |
| CapEx % of Revenue | - | - | 53.11% | 31.87% | - | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | -50.66K | -38.96K | -70.09K | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 50.66K | 38.96K | 70.09K | 0 | 0 | 0 | 0 |
| Cash from Financing | 24.86M | 121.42M | 243.04M | -1.42M | -3.27M | 200K | 154K | 144K | 22.31M | 23.56M |
| Debt Issued (Net) | -140K | -400K | 4.54M | -1.53M | -3.47M | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 25M | 122.23M | 238.5M | 112K | 208K | 200K | 154K | 39K | 22.31M | 22.31M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -410K | 0 | 0 | 0 | 0 | 0 | 105K | 0 | 1.25M |
| Net Change in Cash | 3.69M▲ 0% | 126.35M▲ 3320.3% | -96.5M▼ 176.4% | -2.85M▲ 97.1% | -23.91M▼ 740.1% | 14.29M▲ 159.8% | -13.55M▼ 194.8% | 14.64M▲ 208.1% | -1.75M▼ 111.9% | -6.66M▲ 0% |
| Free Cash Flow | -21.17M▲ 0% | 4.93M▲ 123.3% | -38.99M▼ 891.1% | -52.09M▼ 33.6% | -59.6M▼ 14.4% | -56M▲ 6.0% | -53.79M▲ 3.9% | -41.28M▲ 23.3% | -49.61M▼ 20.2% | -49.98M▲ 0% |
| FCF Margin % | - | - | -614.37% | -232.76% | - | - | - | - | - | - |
| FCF Growth % | - | 123.29% | -891.11% | -33.57% | -14.43% | 6.04% | 3.94% | 23.26% | -20.19% | -20.06% |
| FCF per Share | -11.18 | 2.60 | -29.81 | -22.70 | -25.90 | -24.22 | -23.19 | -17.71 | -17.45 | -17.45 |
| FCF Conversion (FCF/Net Income) | 0.81x | -0.35x | 1.06x | 1.23x | 0.82x | 0.72x | 0.84x | 0.73x | 0.89x | 0.91x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NextCure, Inc. (NXTC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -24.58% | -11.9% | -26.33% | -37.28% | -44.49% | -61.87% | -111.23% | -186.96% |
| Return on Invested Capital (ROIC) | - | -50.65% | -11.1% | -21.86% | -30.85% | -39.64% | -59.1% | -152.15% | -152.15% |
| Gross Margin | - | -439.09% | -108.03% | - | - | - | - | - | - |
| Net Margin | - | -531.54% | -163.57% | - | - | - | - | - | - |
| Debt / Equity | - | 0.02x | 0.01x | - | 0.04x | 0.06x | 0.09x | 0.12x | 0.12x |
| Interest Coverage | - | -179.34x | -225.27x | -919.03x | - | - | - | - | - |
| FCF Conversion | -0.35x | 1.06x | 1.23x | 0.82x | 0.72x | 0.84x | 0.73x | 0.89x | 0.91x |
| Revenue Growth | - | - | 252.58% | -100% | - | - | - | - | - |
NextCure, Inc. (NXTC) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 7, 2026·SEC
Mar 5, 2026·SEC
Jan 23, 2026·SEC
NextCure, Inc. (NXTC) stock FAQ — growth, dividends, profitability & financials explained
NextCure, Inc. (NXTC) grew revenue by 0.0% over the past year. Growth has been modest.
NextCure, Inc. (NXTC) reported a net loss of $54.7M for fiscal year 2025.
NextCure, Inc. (NXTC) has a return on equity (ROE) of -111.2%. Negative ROE indicates the company is unprofitable.
NextCure, Inc. (NXTC) had negative free cash flow of $50.0M in fiscal year 2025, likely due to heavy capital investments.
NextCure, Inc. (NXTC) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates