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Nektar Therapeutics

$69.76 +$26.34 (+60.66%)
NASDAQ · 11 Sep 2026 20:00 UTC
Previous Close
$70.65
Day Range
$68.35$71.41
Year Range
$33.4$109
Market Cap
2B
AVG Volume
879.92K
Trailing/Forward PE
-10.41/-
PEG ratio
-0.36
Dividend Yield
-
Next Earnings Date
2026-11-05
Primary Exchange
NASDAQUS
Revenue (USD)
0500M1B1.5B2016201720182019202020212022202320242025
NKTR Revenue (USD) by year
PeriodRevenue (USD)
202555.23M
202498.43M
202390.12M
202292.06M
2021101.91M
2020152.91M
2019114.62M
20181.19B
2017307.71M
2016165.44M
Net Income (USD)
-1B-500M0500M1B2016201720182019202020212022202320242025
NKTR Net Income (USD) by year
PeriodNet Income (USD)
2025-164.08M
2024-118.96M
2023-276.06M
2022-368.2M
2021-523.84M
2020-444.44M
2019-439.39M
2018681.31M
2017-96.69M
2016-153.52M
Operating Income (USD)
-500M0500M1B2016201720182019202020212022202320242025
NKTR Operating Income (USD) by year
PeriodOperating Income (USD)
2025-131.39M
2024-105.2M
2023-263.68M
2022-240.24M
2021-446.1M
2020-379.92M
2019-440.04M
2018687.93M
2017-59.64M
2016-112.85M
EBITDA (USD)
-500M0500M1B2016201720182019202020212022202320242025
NKTR EBITDA (USD) by year
PeriodEBITDA (USD)
2025-130.16M
2024-86.7M
2023-243.11M
2022-323.87M
2021-462.97M
2020-392.65M
2019-380.54M
2018736.37M
2017-40.38M
2016-95.12M
Cash Flows (USD)
-500M0500M1B2016201720182019202020212022202320242025
NKTR Cash Flows (USD) by year
PeriodCash Flows (USD)
2025-208.68M
2024-177.18M
2023-193.47M
2022-309.68M
2021-427.65M
2020-320.55M
2019-354.97M
2018703.98M
2017-90.09M
2016-123.42M
EPS (USD)
-50-2502550752016201720182019202020212022202320242025
NKTR EPS (USD) by year
PeriodEPS (USD)
2025-10.22
2024-8.74
2023-21.91
2022-29.55
2021-42.9
2020-37.35
2019-37.65
201854
2017-9.75
2016-16.5
Expenses (USD)
0200M400M600MR&DSG&ACapex2016201720182019202020212022202320242025
NKTR Expenses (USD) by year
PeriodExpenses (USD)
2025186.17M
2024199.13M
2023192.44M
2022316.33M
2021538.1M
2020520.62M
2019559.56M
2018495.22M
2017330.5M
2016254.47M
Cash & Debt (USD)
0500M1B1.5BCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
NKTR Cash & Debt (USD) by year
PeriodCash & Debt (USD)
2025245.75M
2024255.23M
2023303.62M
2022504.98M
2021733.96M
20201.06B
20191.32B
20181.34B
2017296.13M
2016389.1M
Debt ratios
-505101520182019202020212022202320242025
NKTR Debt ratios by year
PeriodDebt ratios
20250.12
20240.14
20230.13
20220.24
20211.18
202011.81
2019-4.16
2018-1.85
Margins
0%25%50%75%100%2016201720182019202020212022202320242025
NKTR Margins by year
PeriodMargins
202599.65%
202468.82%
202362.53%
202276.5%
202175.57%
202087.26%
201981.35%
201897.95%
201790.07%
201681.74%
Return on Capital
-300%-200%-100%0%100%2016201720182019202020212022202320242025
NKTR Return on Capital by year
PeriodReturn on Capital
2025-182.65%
2024-195.86%
2023-210.75%
2022-100.43%
2021-77.09%
2020-41.26%
2019-31.26%
201839.67%
2017-110.09%
2016-174.21%
Shares Outstanding
010M20M30M2016201720182019202020212022202320242025
NKTR Shares Outstanding by year
PeriodShares Outstanding
202520.3M
202413.98M
202312.74M
202212.55M
202112.33M
202011.98M
201911.71M
201811.49M
201710.55M
20169.94M
Book Value Per Share (USD)
0501001502016201720182019202020212022202320242025
NKTR Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
20254.43
20244.34
202310.28
202229.22
202155.11
202089.93
2019120.03
2018149.42
20178.32
20168.87
Total Assets (USD)
01B2B3B2016201720182019202020212022202320242025
NKTR Total Assets (USD) by year
PeriodTotal Assets (USD)
2025280.41M
2024303.85M
2023398.03M
2022710.6M
20211.12B
20201.54B
20191.98B
20182.15B
2017508.87M
2016568.87M
Employee Count
02004006008002016201720182019202020212022202320242025
NKTR Employee Count by year
PeriodEmployee Count
202563
202461
2023137
2022216
2021740
2020718
2019723
2018618
2017509
2016468
PE Ratio
68101214med 8.96Aug 18Oct 18Dec 18Feb 19Apr 19Jun 19Aug 19
NKTR PE Ratio by year
PeriodPE Ratio
Aug 198.21
Jul 198.22
Jul 198.44
Jul 198.9
Jul 199.28
Jun 199.39
Jun 199.2
Jun 198.82
Jun 198.71
May 198.27
May 198.92
May 198.45
May 199.18
May 198.15
Apr 198.16
Apr 198.02
Apr 198.9
Apr 199.19
Mar 198.5
Mar 198.14
Mar 198.99
Mar 198.89
Mar 199.65
Feb 199.22
Feb 199.6
Feb 1910.34
Feb 199.73
Jan 1910.11
Jan 1910.64
Jan 199.44
Jan 197.82
Dec 187.74
Dec 187.05
Dec 188.41
Dec 188.52
Nov 189.3
Nov 188.56
Nov 188.8
Nov 187.83
Nov 187.41
Oct 186.99
Oct 189.15
Oct 189.29
Oct 189.95
Sep 1811.57
Sep 1811.2
Sep 1811.25
Sep 1812.34
Aug 1812.62
Aug 1812.13
Aug 1811.4
Aug 1811.34
Free Cash Flow Yield
-200%-150%-100%-50%0%med -34.94%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
NKTR Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 26-10.15%
Sep 26-9.54%
Aug 26-9.76%
Aug 26-9.57%
Aug 26-9.7%
Aug 26-10.78%
Jul 26-11.67%
Jul 26-11.66%
Jul 26-12.08%
Jul 26-11.72%
Jul 26-11.61%
Jun 26-12.95%
Jun 26-13.52%
Jun 26-13.88%
Jun 26-14.38%
May 26-12.71%
May 26-12.38%
May 26-11.67%
May 26-10.07%
May 26-11.89%
Apr 26-11.21%
Apr 26-12.12%
Apr 26-13.27%
Apr 26-13.35%
Mar 26-14.97%
Mar 26-14.24%
Mar 26-14.04%
Mar 26-19.11%
Feb 26-19.59%
Feb 26-18.33%
Feb 26-18.94%
Feb 26-36.71%
Jan 26-36.2%
Jan 26-36.41%
Jan 26-35.86%
Jan 26-34.03%
Jan 26-31.12%
Dec 25-30.37%
Dec 25-28.85%
Dec 25-24.7%
Dec 25-23.75%
Nov 25-20.72%
Nov 25-24.89%
Nov 25-23.84%
Nov 25-24.14%
Oct 25-20.34%
Oct 25-21.98%
Oct 25-22.86%
Oct 25-24.31%
Oct 25-21.81%
Sep 25-22.58%
Sep 25-23.95%
Sep 25-27.13%
Sep 25-32.87%
Aug 25-44.24%
Aug 25-48.87%
Aug 25-48.45%
Aug 25-57.28%
Aug 25-55.19%
Jul 25-50.69%
Jul 25-50.81%
Jul 25-50.67%
Jul 25-51.18%
Jun 25-49.19%
Jun 25-148.91%
Jun 25-147.52%
Jun 25-140.96%
May 25-129.57%
May 25-143.51%
May 25-136.99%
May 25-143.51%
May 25-112.33%
Apr 25-108.95%
Apr 25-132.68%
Apr 25-136.69%
Apr 25-153.04%
Mar 25-114.47%
Mar 25-97.77%
Mar 25-94.21%
Mar 25-96.79%
Feb 25-101.16%
Feb 25-91.18%
Feb 25-86.48%
Feb 25-125.71%
Jan 25-102.71%
Jan 25-96.06%
Jan 25-95.27%
Jan 25-82.5%
Jan 25-77.25%
Dec 24-89.51%
Dec 24-91.57%
Dec 24-84.14%
Dec 24-83.31%
Nov 24-74.54%
Nov 24-80.93%
Nov 24-79.42%
Nov 24-60.7%
Nov 24-68.28%
Oct 24-63.62%
Oct 24-59.56%
Price to Sales
0204060med 8.44Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
NKTR Price to Sales by year
PeriodPrice to Sales
Sep 2642.24
Sep 2644.92
Aug 2643.91
Aug 2644.82
Aug 2644.22
Aug 2634.01
Jul 2631.42
Jul 2631.44
Jul 2630.35
Jul 2631.28
Jul 2631.59
Jun 2628.3
Jun 2627.11
Jun 2626.4
Jun 2625.49
May 2628.85
May 2629.62
May 2631.4
May 2636.41
May 2631.77
Apr 2633.69
Apr 2631.18
Apr 2628.48
Apr 2628.29
Mar 2625.23
Mar 2626.54
Mar 2626.92
Mar 2615.91
Feb 2615.52
Feb 2616.59
Feb 2616.05
Feb 268.28
Jan 268.4
Jan 268.35
Jan 268.48
Jan 268.94
Jan 269.77
Dec 2510.01
Dec 2510.54
Dec 2512.31
Dec 2512.8
Nov 2514.67
Nov 2512.22
Nov 2512.76
Nov 2512.6
Oct 2512.21
Oct 2511.3
Oct 2510.86
Oct 2510.22
Oct 2511.38
Sep 2511
Sep 2510.37
Sep 259.15
Sep 257.55
Aug 255.61
Aug 255.08
Aug 255.12
Aug 254.34
Aug 253.7
Jul 254.03
Jul 254.02
Jul 254.03
Jul 253.99
Jun 254.15
Jun 251.37
Jun 251.38
Jun 251.45
May 251.58
May 251.42
May 251.49
May 251.42
May 251.6
Apr 251.65
Apr 251.36
Apr 251.32
Apr 251.18
Mar 251.57
Mar 251.84
Mar 251.91
Mar 251.97
Feb 251.89
Feb 252.09
Feb 252.21
Feb 251.52
Jan 251.86
Jan 251.99
Jan 252
Jan 252.31
Jan 252.47
Dec 242.13
Dec 242.08
Dec 242.27
Dec 242.29
Nov 242.56
Nov 242.36
Nov 242.4
Nov 243.15
Nov 242.76
Oct 242.96
Oct 243.16
EV/EBITDA
4681012med 6.8Aug 18Oct 18Dec 18Feb 19Apr 19Jun 19Aug 19
NKTR EV/EBITDA by year
PeriodEV/EBITDA
Aug 196.11
Jul 196.12
Jul 196.32
Jul 196.75
Jul 197.09
Jun 197.2
Jun 197.03
Jun 196.67
Jun 196.57
May 196.16
May 196.77
May 196.33
May 197.01
May 196.07
Apr 196.08
Apr 195.94
Apr 196.75
Apr 197.02
Mar 196.39
Mar 196.05
Mar 196.84
Mar 196.75
Mar 197.45
Feb 197.11
Feb 197.47
Feb 198.15
Feb 197.58
Jan 197.94
Jan 198.43
Jan 197.32
Jan 195.81
Dec 185.74
Dec 185.09
Dec 186.36
Dec 186.46
Nov 187.19
Nov 186.49
Nov 186.72
Nov 185.82
Nov 185.32
Oct 184.92
Oct 186.96
Oct 187.08
Oct 187.71
Sep 189.23
Sep 188.88
Sep 188.93
Sep 189.95
Aug 1810.22
Aug 189.76
Aug 189.07
Aug 189.02
Price/Operating Cashflow
68101214med 8.61Aug 18Oct 18Dec 18Feb 19Apr 19Jun 19Aug 19
NKTR Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Aug 197.84
Jul 197.84
Jul 198.06
Jul 198.5
Jul 198.86
Jun 198.97
Jun 198.79
Jun 198.42
Jun 198.32
May 197.89
May 198.52
May 198.07
May 198.77
May 197.73
Apr 197.74
Apr 197.61
Apr 198.44
Apr 198.71
Mar 198.07
Mar 197.72
Mar 198.53
Mar 198.43
Mar 199.15
Feb 199.1
Feb 199.48
Feb 1910.2
Feb 199.6
Jan 199.98
Jan 1910.5
Jan 199.32
Jan 197.72
Dec 187.64
Dec 186.96
Dec 188.3
Dec 188.41
Nov 189.18
Nov 188.45
Nov 188.69
Nov 187.73
Nov 187.28
Oct 186.86
Oct 188.98
Oct 189.11
Oct 189.76
Sep 1811.36
Sep 1810.99
Sep 1811.04
Sep 1812.11
Aug 1812.39
Aug 1811.9
Aug 1811.18
Aug 1811.13
Price to Book
0102030med 3.98Sep 24Jan 25Apr 25Aug 25Feb 26May 26Sep 26
NKTR Price to Book by year
PeriodPrice to Book
Sep 262.55
Sep 262.72
Aug 262.65
Aug 262.71
Aug 262.67
Aug 263.28
Jul 263.03
Jul 263.04
Jul 262.93
Jul 263.02
Jul 263.05
Jun 262.73
Jun 262.62
Jun 262.55
Jun 262.46
May 262.79
May 262.86
May 263.03
May 263.52
May 2619.54
Apr 2620.71
Apr 2619.17
Apr 2617.51
Apr 2617.4
Mar 2615.51
Mar 2616.32
Mar 2616.55
Mar 2611.71
Feb 2611.42
Feb 2612.21
Feb 2611.81
Feb 266.09
Jan 266.18
Jan 266.14
Jan 266.24
Jan 266.57
Jan 267.19
Dec 257.37
Dec 257.76
Dec 259.06
Dec 259.42
Nov 2510.8
Nov 258.99
Nov 259.38
Nov 259.27
Aug 2523.5
Jul 2525.59
Jul 2525.53
Jul 2525.6
Jul 2525.34
Jun 2526.37
Jun 258.71
Jun 258.79
Jun 259.2
May 2510.01
May 259.04
May 259.47
May 259.04
May 252.6
Apr 252.68
Apr 252.2
Apr 252.13
Apr 251.91
Mar 252.55
Mar 252.98
Mar 253.1
Mar 253.76
Feb 253.6
Feb 253.99
Feb 254.21
Feb 252.89
Jan 253.54
Jan 253.79
Jan 253.82
Jan 254.41
Jan 254.71
Dec 244.06
Dec 243.97
Dec 244.32
Dec 244.37
Nov 244.88
Nov 244.49
Nov 244.58
Nov 245.99
Nov 243.22
Oct 243.46
Oct 243.7
Oct 243.56
Oct 243.46
Sep 243.07
Sep 243.41
Sep 243.43
Sep 242.94
Aug 243.35
Aug 243.54
Aug 243.28
Aug 242.91
Aug 241.84
Jul 242.12
Jul 242.14
Nektar Therapeutics
NKTR
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News: NKTR

Nektar Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

prnewswire.com · 28 Aug 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).

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

prnewswire.com · 25 Aug 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.

Nektar: Maintaining 'Strong Buy' Rating Due To REZPEG Catalyst, Another Coming

seekingalpha.com · 14 Aug 2026

Nektar: Maintaining 'Strong Buy' Rating Due To REZPEG Catalyst, Another Coming

Nektar Therapeutics maintains a Strong Buy rating, driven by REZPEG's late-stage development in atopic dermatitis [AD] and alopecia areata [AA]. The Phase 3 ZENITH AD program is underway, with three pivotal studies targeting moderate-to-severe AD subpopulations; topline data is expected mid-2028. REZPEG's differentiated mechanism aims for long-term disease control and safety advantages over current AD therapies, addressing a $37.3B global market.

Nektar Q2 Earnings Beat Estimates, Revenues Lag, Pipeline in Focus

zacks.com · 14 Aug 2026

Nektar Q2 Earnings Beat Estimates, Revenues Lag, Pipeline in Focus

NKTR's Q2 earnings beat estimates, but revenues fall short. Investor focus stays on rezpeg as late-stage studies advance in autoimmune diseases.

Nektar Therapeutics (NKTR) Q2 2026 Earnings Call Transcript

seekingalpha.com · 13 Aug 2026

Nektar Therapeutics (NKTR) Q2 2026 Earnings Call Transcript

Nektar Therapeutics (NKTR) Q2 2026 Earnings Call Transcript

Nektar Therapeutics Q2 Earnings Call Highlights

marketbeat.com · 13 Aug 2026

Nektar Therapeutics Q2 Earnings Call Highlights

Nektar Therapeutics NASDAQ: NKTR said it initiated its global Phase III ZENITH AD program for rezpegaldesleukin, or REZPEG, in moderate-to-severe atopic dermatitis during July, while also finalizing plans for a registrational Phase III trial in alopecia areata following an end-of-Phase II meeting with the U.S. Food and Drug Administration.

Nektar Therapeutics (NKTR) Reports Q2 Loss, Misses Revenue Estimates

zacks.com · 13 Aug 2026

Nektar Therapeutics (NKTR) Reports Q2 Loss, Misses Revenue Estimates

Nektar Therapeutics (NKTR) came out with a quarterly loss of $1.23 per share versus the Zacks Consensus Estimate of a loss of $2.06. This compares to a loss of $2.78 per share a year ago.

Nektar Therapeutics Announces Second Quarter 2026 Financial Results

prnewswire.com · 13 Aug 2026

Nektar Therapeutics Announces Second Quarter 2026 Financial Results

SAN FRANCISCO, Aug. 13, 2026 /PRNewswire/ -- Nektar Therapeutics (Nasdaq: NKTR), a clinical-stage biotechnology company focused on development of novel immunology therapies, today reported financial results for the second quarter ended June 30, 2026. Cash and investments in marketable securities on June 30, 2026, were $1,023.4 million as compared to $245.8 million on December 31, 2025.

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