Nektar Therapeutics (NKTR) Free Cash Flow (2010 - 2026)

Nektar Therapeutics' (NKTR) quarterly Free Cash Flow came in at -$44.3 million in Q1 2026, up 9.66% year-on-year from -$40.4 million in Q1 2025, and up 31.8% quarter-over-quarter from -$65.0 million in Q4 2025.

Nektar Therapeutics (NKTR) Free Cash Flow (2010 - 2026) Analysis & Trends

Nektar Therapeutics' Free Cash Flow history runs 17 years deep, the most recent figure standing at -$44.3 million for Q1 2026.

  • On a quarterly basis, Free Cash Flow rose 9.66% year-over-year to -$44.3 million in Q1 2026; TTM through Mar 2026 was -$203.9 million, a 14.45% decrease from a year earlier, with the FY2025 full-year figure at -$208.7 million, down 17.78% from the prior year.
  • Free Cash Flow improved to -$44.3 million in Q1 2026 per NKTR's latest filing, from -$65.0 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at -$37.9 million in Q2 2024 and bottomed at -$92.6 million in Q1 2022.
  • The 5-year median for Free Cash Flow is -$48.9 million (2025), against an average of -$54.9 million.
  • Across the five-year window, Free Cash Flow surged 63.02% in 2022 and plunged 39.3% in 2025, its largest moves.
  • Year by year, Free Cash Flow stood at -$58.2 million in 2022, then grew by 18.78% to -$47.3 million in 2023, then increased by 1.35% to -$46.6 million in 2024, then plunged by 39.3% to -$65.0 million in 2025, then surged by 31.8% to -$44.3 million in 2026.
  • Per Business Quant, the three latest NKTR Free Cash Flow figures stand at -$44.3 million (Q1 2026), -$65.0 million (Q4 2025), and -$48.9 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -19.58 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 158.09 Mn
4 NuCana 279.75 Bn 279.75 Bn - -1.53 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.29 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 848.30 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn -
9 Revolution Medicines 37.78 Bn 37.78 Bn - -354.95 Mn
10 Nektar Therapeutics 2.04 Bn 1.48 Bn 3.16 Mn -44.32 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -44.32 Mn
Mar 31, 2026 -44.32 Mn
Dec 31, 2025 -64.98 Mn
Dec 31, 2025 -64.98 Mn
Sep 30, 2025 -48.88 Mn
Sep 30, 2025 -48.88 Mn
Jun 30, 2025 -45.78 Mn
Jun 30, 2025 -45.78 Mn
Mar 31, 2025 -49.06 Mn
Mar 31, 2025 -49.06 Mn
Dec 31, 2024 -46.65 Mn
Dec 31, 2024 -46.65 Mn
Sep 30, 2024 -44.60 Mn
Sep 30, 2024 -44.60 Mn
Jun 30, 2024 -37.89 Mn
Jun 30, 2024 -37.89 Mn
Mar 31, 2024 -48.05 Mn
Mar 31, 2024 -48.05 Mn
Dec 31, 2023 -47.28 Mn
Dec 31, 2023 -47.28 Mn