Accessibility Menu
Nektar Therapeutics logo

Nektar Therapeutics(NASDAQ) NKTR

Market Cap$2.46BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1994)+29%
5 Year-69%
1 Year+213%
1 Month+2%
$73.02
+0.36%
+0.26Today
After hours$73.02+$0.00 (+0.00%)
Nektar Therapeutics last closing stock price
MetricPriceDate
Last closeUSD 72.762026-08-04
Nektar Therapeutics stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+2.81%USD 70.772026-07-28
1 month+2.42%USD 71.042026-07-02
3 month-14.49%USD 85.092026-05-06
Year to date+72.09%USD 42.282025-12-31
1 year+212.68%USD 23.272025-08-04
3 year+810.75%USD 7.992023-08-04
5 year-69.43%USD 238.052021-08-05
Since inception+29.35%USD 56.251994-05-03

Nektar Therapeutics Financials at a Glance

Market Cap

$2.46BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$55.63M

Net Income (TTM)

-$158.10M

EPS (TTM)

-$8.42

P/E Ratio

-8.64

Dividend

$0.00

Beta (Volatility)

1.73 (High)

Price

$73.02

Volume

352,031.783

Open

$73.56

Previous Close

$72.76

Daily Range

$72.20 - $74.23

52-Week Range

$21.60 - $109.00

Estimated Earnings Date

Aug 13, 2026

About Nektar Therapeutics

Nektar helps people with diseases where the body attacks itself. The company makes medicines that fix imbalances in the immune system. These treatments focus on skin conditions and cancer.

What Nektar is Building

  • Rezpegaldesleukin: Injectable medicine designed to boost calming immune cells for skin and hair loss conditions.
  • NKTR-255: Biologic treatment aimed at helping the body's immune system fight specific cancers.
  • Autoimmune Pipeline: Research programs targeting specific proteins to help the body stop attacking its own tissues.
  • Royalty Rights: Passive income stream from previously developed drugs; accounts for 100% of revenue in Q1 2026.

New Partners and Funding

  • Collaborated with TrialNet in February 2025 to start a mid-stage study for type 1 diabetes.
  • Gained exclusive rights from Biolojic Design, Ltd. in 2023 to develop new antibodies for autoimmune diseases.
  • Sold its manufacturing plant in Alabama to Gannet BioChem in December 2024 for over $64 million.
  • Completed several stock sales between July 2025 and April 2026 that added over $1 billion to its cash reserves.

Science Meets Strategy

Nektar specializes in a process called PEGylation, which helps medicines stay in the body longer and work more effectively. Using this expertise, the company creates treatments that patients can inject themselves just once or twice a month.

A Look at the Books

  • Revenue reached $10.9 million in Q1 2026, up 3.8% from $10.5 million in Q1 2025.
  • Net loss was $44.9 million in Q1 2026, which narrowed 11.7% from $50.9 million the year before.
  • Operating loss improved 14.1% to $38.3 million in Q1 2026, compared to $44.5 million in Q1 2025.
  • Total cash and investments reached $731.6 million as of March 31, 2026.

The Big Picture

Nektar has evolved from a manufacturing firm into a dedicated drug discovery company. By securing significant capital and focusing on immune system balance, it aims to solve complex medical problems.

AI Generated • May 26, 2026

Industry

Pharmaceuticals

Employees

63

CEO

Howard W. Robin

Headquarters

San Francisco, CA 94158, US

NKTR Financials

Key Financial Metrics (TTM)

Gross Margin

99.38%

Operating Margin

-224.88%

Net Income Margin

-284.18%

Return on Equity

-87.00%

Return on Capital

-54.78%

Return on Assets

-20.71%

Earnings Yield

-11.57%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$2.46BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

33.79M

Volume

352.03K

Avg. Volume

1.00M

Financials (TTM)

Gross Profit

$55.29M

Operating Income

-$125.11M

EBITDA

-$125.94M

Operating Cash Flow

-$203.76M

Capital Expenditure

-$187.00K

Free Cash Flow

-$203.94M

Cash & ST Invst.

$568.60M

Total Debt

$143.43M

Nektar Therapeutics Performance Analysis

Nektar Therapeutics annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 92,055,000-9.7%
20232023-12-31USD 90,122,000-2.1%
20242024-12-31USD 98,427,0009.2%
20252025-12-31USD 55,232,000-43.9%
Nektar Therapeutics sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-306.8%
Q32025-09-305.5%
Q42025-12-3185.0%
Q12026-03-31-50.2%
Nektar Therapeutics annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -29.51-31.2%
20232023-12-31USD -21.79-26.2%
20242024-12-31USD -8.68-60.2%
20252025-12-31USD -9.7312.1%
Nektar Therapeutics sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3018.5%
Q32025-09-3036.6%
Q42025-12-314.8%
Q12026-03-31-2.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$10.86M

+3.8%

Gross Profit

$10.71M

+2.4%

Gross Margin

98.61%

N/A

Market Cap

$2.46BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$39.02M

N/A

Employees

63

N/A

Net Income

-$44.90M

+11.7%

EBITDA

-$36.75M

+10.3%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$568.60M

+160.1%

Total Debt

$143.43M

+43.0%

Accounts Receivable

$3.60M

+110.0%

Inventory

$0.00

N/A

Long Term Debt

$120.90M

+54.0%

Short Term Debt

$22.53M

+3.2%

Return on Assets

-20.71%

N/A

Return on Invested Capital

-17.73%

N/A

Free Cash Flow

-$44.32M

+9.7%

Operating Cash Flow

-$44.30M

+9.7%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
AMLXAmylyx Pharmaceuticals, Inc.
$21.80-0.32%
ATAIAtai Beckley Inc.
$7.22+0.56%
SNDXSyndax Pharmaceuticals, Inc.
$19.92+4.40%
XNCRXencor, Inc.
$19.84-0.40%

Trending Stocks

Symbol / CompanyPricePrice Chg
SPCXSpace Exploration Technologies
$109.67-0.12%
NVDANvidia
$220.94+0.04%
ONDSOndas
$8.90+0.00%
TSLLDirexion Shares ETF Trust - Direxion Daily Tsla Bull 2x Shares
$7.83-0.03%

Questions About NKTR

What is the current price of Nektar Therapeutics?

Nektar Therapeutics is trading at $72.35 per share.

What is the 52-week range for Nektar Therapeutics?

Over the past 52 weeks, Nektar Therapeutics has traded between $21.60 and $109.00.

How much debt does Nektar Therapeutics have?

As of the most recent reporting period, Nektar Therapeutics reported total debt of $143.43M.

How much cash does Nektar Therapeutics have on hand?

Nektar Therapeutics reported $131.87M in cash and cash equivalents in its most recent financial results.

What is Nektar Therapeutics’s dividend yield?

Nektar Therapeutics does not currently have a dividend yield.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.