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
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