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NKTR stock logo

NKTR

Nektar Therapeutics

$35.78
-1.94
 (-5.14%)
Exchange:  NASDAQ
Market Cap:  1.026B
Shares Outstanding:  12.326M
Delayed data
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  HealthcareView sector performance
Industry:  BiotechnologyView industry performance
   
CEO:  Howard W. Robin
Full Time Employees:  63
Address: 
455 Mission Bay Boulevard South
San Francisco
CA
94158
US
Website:  https://www.nektar.com
Nektar Therapeutics is a biopharmaceutical firm dedicated to the global discovery and advancement of therapies addressing significant unmet medical requirements. Central to its robust pipeline is Bempegaldesleukin, a CD122-preferential interleukin-2 (IL-2) pathway agonist. This drug is currently in Phase 3 clinical trials for metastatic melanoma, renal cell carcinoma, muscle-invasive bladder cancer, head and neck squamous cell carcinoma, and adjuvant melanoma. It is also being evaluated in Phase 2 for renal cell carcinoma, non-small cell lung cancer, and urothelial cancer; Phase 1/2A for head and neck squamous cell carcinoma; Phase 1/2 for various solid tumors; and Phase 1B for COVID-19. Additionally, Nektar is developing NKTR-358, a cytokine Treg stimulant, which is in Phase 2 trials for systemic lupus erythematosus and ulcerative colitis, and Phase 1B for atopic dermatitis and psoriasis. Their portfolio further includes NKTR-255, an IL-15 receptor agonist, undergoing Phase 1/2 trials for non-Hodgkin’s lymphoma, multiple myeloma, head and neck cancer, and colorectal cancer. Another investigational compound, NKTR-262, a toll-like receptor agonist, is in Phase 1/2 trials for solid tumors. The company is also advancing several other drug candidates. Nektar Therapeutics maintains strategic collaboration agreements with a multitude of pharmaceutical entities, including 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. Established in 1990, Nektar Therapeutics is headquartered in San Francisco, California.

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Revenue Segmentation

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Industry Peers

TICKERCOMPANYMKT CAPP/EFWD P/EROIC
NKNKTR logoNKTRNektar Therapeutics1.0B——-12.5%
REREPL logoREPLReplimune Group, Inc.1.0B——-136.1%
JAJANX logoJANXJanux Therapeutics, Inc.1.0B——-15.1%
IMIMTX logoIMTXImmatics N.V.1.0B——-52.5%
AVAVLN logoAVLNAvalyn Pharma Inc. Common Stock1.0B——-14.2%
MNMNKD logoMNKDMannKind Corporation977.5M——1.2%

EPS

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Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/05/08 — Q1 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue90,12298,42755,232
Gross Profit53,47867,74155,232
EBITDA-243,107-86,697-137,004
Operating Income-137,425-105,198-130,770.999
Net Income-276,056-118,961-164,076

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets398,033303,850280,406
Total Liabilities267,046243,113190,574
Total Stockholders Equity130,98760,73789,832
Total Debt117,776102,56485,751
Cash and Cash Equivalents35,27744,25215,116

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow-192,606-175,709-208,511
Capital Expenditure-865-1,468-171
Free Cash Flow-193,471-177,177-208,682
Net Income-276,056-118,961-164,076
Net Change in Cash-52,9508,975-29,136

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2030Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)93,260.130Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)598,282.863Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)177,567.444Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)-333,396.879Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)-4,486.944Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)-59,394.401Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)-362,960.703Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)-34,050.768Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)-88,958.225Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)94,950.517Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)609,127.047Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)180,785.945Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)-5.270Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)-2.020Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)-21.510Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)12Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)11Research AccessResearch AccessResearch AccessResearch Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
98.427M  ?P/S
 (TTM)
: 
21.64
?Net Income
 (TTM)
: 
-118.961M  ?P/E
 (TTM)
: 
-6.14
?Enterprise Value
 (TTM)
: 
1.278B  ?EV/FCF
 (TTM)
: 
-5.46
?Dividend Yield
 (TTM)
: 
0%  ?Payout Ratio
 (TTM)
: 
0%
?ROE
 (TTM)
: 
-37.99%  ?ROIC
 (TTM)
: 
-12.54%
?Net Debt
 (TTM)
: 
-60.886M  ?Debt/Equity
 (TTM)
: 
0.15
?P/B
 (TTM)
: 
1.51  ?Current Ratio
 (TTM)
: 
10.42

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
N/AResearch AccessResearch AccessResearch AccessResearch Access

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SWOT Analysis

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MarketSnap estimates NKTR intrinsic value between $13.31 – $13.31 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.


Calculate NKTR Intrinsic Value

Common questions about NKTR valuation

Is Nektar Therapeutics (NKTR) overvalued or undervalued right now?

MarketSnap estimates intrinsic value for Nektar Therapeutics (NKTR) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is NKTR a buy, hold, or sell for long-term investors?

MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether NKTR trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is NKTR’s P/E ratio?

You can see NKTR’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for NKTR?

MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is NKTR a good long-term investment?

Whether NKTR fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

Research tools for Nektar Therapeutics

  • Nektar Therapeutics intrinsic value calculatorEstimate what the business is worth
  • Nektar Therapeutics 5-year outlookWhat has to go right, and what could go wrong
NKTR

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

-5.14
MarketSnap

Trading Metrics:

Open: 38.05   Previous Close: 37.72
Day Low: 35.61   Day High: 38.05
Year Low: 33.4   Year High: 109
Price Avg 50: 63.77   Price Avg 200: 65.17
Volume: 784232   Average Volume: 1.127M

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See in Nexus

Relevant news

Nektar Therapeutics: Downgrade To Hold On REZPEG Market Outlook Setback And More
02-10-2026 16:08
Nektar Therapeutics: Downgrade To Hold On REZPEG Market Outlook Setback And More
Nektar Therapeutics (NKTR) Shareholder/Analyst Call Transcript
01-10-2026 12:50
Nektar Therapeutics (NKTR) Shareholder/Analyst Call Transcript
Nektar Therapeutics (NASDAQ:NKTR) Stock Rated “Moderate Buy” by Sell-Side Brokerages
01-10-2026 04:29
Nektar Therapeutics (NASDAQ:NKTR) Stock Rated “Moderate Buy” by Sell-Side Brokerages
Analyzing Nektar Therapeutics (NASDAQ:NKTR) & Evaxion A/S (NASDAQ:EVAX)
17-09-2026 03:32
Analyzing Nektar Therapeutics (NASDAQ:NKTR) & Evaxion A/S (NASDAQ:EVAX)
Nektar: Maintaining 'Strong Buy' Rating Due To REZPEG Catalyst, Another Coming
14-08-2026 14:22
Nektar: Maintaining 'Strong Buy' Rating Due To REZPEG Catalyst, Another Coming
Nektar Therapeutics Q2 Earnings Call Highlights
13-08-2026 22:04
Nektar Therapeutics Q2 Earnings Call Highlights

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