Nektar Therapeutics (NKTR) Free Cash Flow (2010 - 2026)
Nektar Therapeutics (NKTR) recorded quarterly Free Cash Flow of -$44.3 million in Q1 2026, up 31.8% quarter-over-quarter from -$65.0 million in Q4 2025, and up 9.66% on a YoY basis from -$40.4 million in Q1 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.
- In Q1 2026, Free Cash Flow rose 9.66% year-over-year to -$44.3 million; the TTM figure through Mar 2026 stood at -$203.9 million (down 14.45% YoY), while the FY2025 annual figure was -$208.7 million, down 17.78% from the prior year.
- Free Cash Flow was -$44.3 million for Q1 2026 at Nektar Therapeutics, up from -$65.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of -$37.9 million in Q2 2024 to a low of -$92.6 million in Q1 2022.
- Historically, Free Cash Flow has averaged -$54.9 million across 5 years, with a median of -$48.9 million in 2025.
- The sharpest annual moves came in 2022 and 2025: Free Cash Flow soared 63.02% in 2022, then plunged 39.3% in 2025.
- A 5-year view of Free Cash Flow shows it 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 slumped by 39.3% to -$65.0 million in 2025, then surged by 31.8% to -$44.3 million in 2026.
- The last three Free Cash Flow figures came in at -$44.3 million (Q1 2026), -$65.0 million (Q4 2025), and -$48.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | - |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | -1.67 Mn |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -12.20 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | - |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | -2.49 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 1.29 Bn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | 63,220.27 |
| 10 | Nektar Therapeutics | 1.51 Bn | 939.55 Mn | 3.16 Mn | -44.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |