Nektar Therapeutics NKTR
NASDAQ NKTR
$74.19 -2.18 (-2.85%)
At close: Sep 4, 2026 · 4:00 PM EDT

Nektar Therapeutics (NKTR) Operating Expenses (2010 - 2026)

Nektar Therapeutics (NKTR) posted quarterly Operating Expenses of $49.9 million for Q1 2026, up 1018.92% year-over-year from $4.5 million in Q1 2025, and up 0.9% quarter-over-quarter from $49.5 million in Q4 2025.

Analysis

Nektar Therapeutics (NKTR) Operating Expenses (2010 - 2026) Analysis & Trends

Nektar Therapeutics' Operating Expenses history runs 17 years deep, the most recent figure standing at $49.9 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 1018.92% year-over-year to $49.9 million; the TTM figure through Mar 2026 stood at $147.0 million (up 219.76% YoY), while the FY2025 annual figure was $195.3 million, up 422.19% from the prior year.
  • Operating Expenses for Q1 2026 stood at $49.9 million, up from $49.5 million in the prior quarter.
  • The five-year high for Operating Expenses was $174.4 million in Q2 2022, with the low at -$151.4 million in Q4 2024.
  • The 5-year median for Operating Expenses is $49.9 million (2026), against an average of $41.1 million.
  • The sharpest annual moves came in 2023 and 2026: Operating Expenses slumped 297.43% in 2023, then jumped 1018.92% in 2026.
  • Nektar Therapeutics' Operating Expenses stood at $74.5 million in 2022, then plunged by 297.43% to -$147.1 million in 2023, then dropped by 2.94% to -$151.4 million in 2024, then jumped by 132.68% to $49.5 million in 2025, then gained by 0.9% to $49.9 million in 2026.
  • Business Quant data shows NKTR's Operating Expenses at $49.9 million in Q1 2026, $49.5 million in Q4 2025, and $43.5 million in Q3 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertex Pharmaceuticals 138.47 Bn 130.62 Bn 2.84 Bn 2.09 Bn
2 Regeneron Pharmaceuticals 85.18 Bn 77.19 Bn 3.93 Bn 3.00 Bn
3 Argenx Se 63.38 Bn 58.19 Bn 1.37 Bn -1.05 Bn
4 Moderna 58.09 Bn 52.95 Bn 52.00 Mn 960.00 Mn
5 Revolution Medicines 44.33 Bn 44.33 Bn - 505.13 Mn
6 BeOne Medicines 40.02 Bn 34.92 Bn 1.53 Bn 1.21 Bn
7 Alnylam Pharmaceuticals 35.57 Bn 32.27 Bn 992.69 Mn 1.06 Bn
8 Royalty Pharma 28.45 Bn 27.61 Bn - 541.02 Mn
9 Insmed 27.48 Bn 26.32 Bn 358.27 Mn 427.03 Mn
10 Nektar Therapeutics 2.45 Bn 1.77 Bn 3.04 Mn 52.47 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 52.47 Mn
Mar 31, 2026 49.92 Mn
Dec 31, 2025 49.47 Mn
Sep 30, 2025 43.46 Mn
Jun 30, 2025 47.41 Mn
Mar 31, 2025 55.00 Mn
Dec 31, 2024 14.83 Mn
Sep 30, 2024 58.47 Mn
Jun 30, 2024 73.26 Mn
Mar 31, 2024 57.07 Mn
Dec 31, 2023 57.40 Mn
Sep 30, 2023 69.01 Mn
Jun 30, 2023 71.10 Mn
Mar 31, 2023 156.30 Mn
Dec 31, 2022 74.49 Mn
Sep 30, 2022 77.93 Mn
Jun 30, 2022 174.42 Mn
Mar 31, 2022 141.38 Mn
Dec 31, 2021 137.92 Mn
Sep 30, 2021 138.52 Mn