Also trades as: 0UNL.L (LSE) · $vol 0M
NKTR NASDAQ
Nektar Therapeutics
1W: +2.2%
1M: -34.4%
3M: -47.1%
YTD: -13.8%
1Y: -41.1%
3Y: +362.4%
5Y: -84.7%
$37.97
+0.52 (+1.39%)
After Hours: $38.12 (+0.16, +0.41%)
Weekly Expected Move ±13.7%
$27
$32
$37
$42
$47
Credit Risk of going bust: higher than 66% of companies Debt: 11.2% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.56 (down 99%), Nektar Therapeutics would be worth roughly what it owes.
Total debt $135.9M against a stock market value of $1.07B.
Distance to default 3.71 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $51.4M (short-term plus half of long-term), stock volatility 79.9%; Altman Z'' -3.33. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $0.56 (down 99%), Nektar Therapeutics would be worth roughly what it owes.
Total debt $135.9M against a stock market value of $1.07B.
Distance to default 3.71 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $51.4M (short-term plus half of long-term), stock volatility 79.9%; Altman Z'' -3.33. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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Financials
Income Statement
Cash Flow
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Cash Flow Trends
Operating Cash Flow
-$209M
-18.7% ▼
Capital Expenditures
$171K
+88.4% ▲
5Y CAGR: -52.7%
Free Cash Flow
-$209M
-17.8% ▼
Dividends Paid
$0
+0.0% ▲
Buybacks
$0
+100.0% ▲
Net Change in Cash
-$29M
-424.6% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | -$524M | -$368M | -$276M | -$119M | -$164M |
| Depreciation & Amort. | $14M | $13M | $8M | $4M | -$4M |
| Stock-Based Comp. | $95M | $57M | $33M | $22M | $13M |
| Change in Working Capital | -$23M | $492K | -$20M | -$6M | -$37M |
| Other Non-Cash Items | $17M | -$9M | $62M | -$77M | -$16M |
| Operating Cash Flow | -$413M | -$304M | -$193M | -$176M | -$209M |
| — Investing Activities — | |||||
| Capital Expenditures | -$15M | -$6M | -$865K | -$1M | -$171K |
| Acquisitions (Net) | -$218M | $13M | $0 | $65M | -$697K |
| Investment Purchases | -$961M | -$468M | -$512M | -$262M | -$285M |
| Investment Sales | $1.2B | $826M | $651M | $340M | $285M |
| Other Investing | $218M | $0 | $1M | $0 | $0 |
| Investing Cash Flow | $203M | $366M | $140M | $143M | -$1M |
| — Financing Activities — | |||||
| Net Debt Issuance | $0 | $0 | $0 | $0 | $0 |
| Stock Repurchased | $0 | $0 | $0 | -$3M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing | $3M | $750K | $0 | $45M | $0 |
| Financing Cash Flow | $36M | $2M | $30K | $42M | $181M |
| Net Change in Cash | -$174M | $63M | -$53M | $9M | -$29M |
| Cash End of Period | $25M | $88M | $35M | $44M | $15M |
| Free Cash Flow | -$428M | -$310M | -$193M | -$177M | -$209M |