Nektar Therapeutics annual free cash flow
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2025
Nektar Therapeutics Free Cash Flow (FCF) History (NKTR)
Nektar Therapeutics reported −$208.7M in free cash flow for fiscal 2025, a decrease of $31.5M from the previous fiscal year, with a free cash flow margin of −377.83%.
View full Nektar Therapeutics company overviewNektar Therapeutics free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$208.7M | −$31.5M | — | −377.83% |
| 2024 | 2024-12-31 | −$177.2M | $16.3M | — | −180.01% |
| 2023 | 2023-12-31 | −$193.5M | $116.2M | — | −214.68% |
| 2022 | 2022-12-31 | −$309.7M | $118.0M | — | −336.41% |
| 2021 | 2021-12-31 | −$427.6M | −$107.1M | — | −419.65% |
| 2020 | 2020-12-31 | −$320.5M | $34.4M | — | −209.62% |
| 2019 | 2019-12-31 | −$355.0M | −$1.06B | — | −309.70% |
| 2018 | 2018-12-31 | $704.0M | $794.1M | — | +58.99% |
| 2017 | 2017-12-31 | −$90.1M | $33.3M | — | −29.28% |
| 2016 | 2016-12-31 | −$123.4M | −$39.1M | — | −74.60% |
| 2015 | 2015-12-31 | −$84.3M | $67.7M | — | −36.52% |
| 2014 | 2014-12-31 | −$152.0M | −$109.4M | — | −75.72% |
| 2013 | 2013-12-31 | −$42.6M | $97.7M | — | −28.62% |
| 2012 | 2012-12-31 | −$140.3M | −$16.9M | — | −172.85% |
| 2011 | 2011-12-31 | −$123.5M | −$36.1M | — | −172.73% |
| 2010 | 2010-12-31 | −$87.3M | −$110.7M | — | −54.91% |
| 2009 | 2009-12-31 | $23.3M | — | — | +32.46% |
Nektar Therapeutics quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$75.9M | −$30.1M | — | −748.83% |
| Q1 2026 | 2026-03-31 | −$44.3M | $4.7M | — | −408.03% |
| Q4 2025 | 2025-12-31 | −$65.0M | −$18.3M | — | −297.96% |
| Q3 2025 | 2025-09-30 | −$48.9M | −$4.3M | — | −414.55% |
| Q2 2025 | 2025-06-30 | −$45.8M | −$7.9M | — | −409.62% |
| Q1 2025 | 2025-03-31 | −$49.1M | −$1.0M | — | −468.98% |
| Q4 2024 | 2024-12-31 | −$46.6M | $638,000 | — | −159.88% |
| Q3 2024 | 2024-09-30 | −$44.6M | −$2.4M | — | −184.87% |
| Q2 2024 | 2024-06-30 | −$37.9M | $13.8M | — | −161.30% |
| Q1 2024 | 2024-03-31 | −$48.0M | $4.3M | — | −222.03% |
| Q4 2023 | 2023-12-31 | −$47.3M | $10.9M | — | −197.97% |
| Q3 2023 | 2023-09-30 | −$42.2M | $40.9M | — | −174.59% |
| Q2 2023 | 2023-06-30 | −$51.7M | $24.1M | — | −252.13% |
| Q1 2023 | 2023-03-31 | −$52.3M | $40.3M | — | −242.42% |
| Q4 2022 | 2022-12-31 | −$58.2M | $99.2M | — | −264.34% |
| Q3 2022 | 2022-09-30 | −$83.1M | $21.0M | — | −351.61% |
| Q2 2022 | 2022-06-30 | −$75.8M | $10.4M | — | −351.04% |
| Q1 2022 | 2022-03-31 | −$92.6M | −$12.7M | — | −373.16% |
| Q4 2021 | 2021-12-31 | −$157.4M | −$57.0M | — | −629.51% |
| Q3 2021 | 2021-09-30 | −$104.1M | −$49.5M | — | −417.61% |
| Q2 2021 | 2021-06-30 | −$86.2M | $415,000 | — | −304.21% |
| Q1 2021 | 2021-03-31 | −$80.0M | −$986,000 | — | −338.14% |
| Q4 2020 | 2020-12-31 | −$100.4M | $28.5M | — | −427.87% |
| Q3 2020 | 2020-09-30 | −$54.6M | $19.4M | — | −181.75% |
| Q2 2020 | 2020-06-30 | −$86.6M | −$21.0M | — | −177.28% |
| Q1 2020 | 2020-03-31 | −$79.0M | $7.6M | — | −156.16% |
| Q4 2019 | 2019-12-31 | −$128.9M | −$2.7M | — | −380.64% |
| Q3 2019 | 2019-09-30 | −$74.0M | −$730,000 | — | −253.15% |
| Q2 2019 | 2019-06-30 | −$65.6M | −$1.02B | — | −281.21% |
| Q1 2019 | 2019-03-31 | −$86.5M | −$33.1M | — | −306.65% |
| Q4 2018 | 2018-12-31 | −$126.2M | −$43.4M | — | −316.97% |
| Q3 2018 | 2018-09-30 | −$73.2M | −$165.4M | — | −263.79% |
| Q2 2018 | 2018-06-30 | $956.9M | $1.02B | — | +87.97% |
| Q1 2018 | 2018-03-31 | −$53.5M | −$14.8M | — | −140.59% |
| Q4 2017 | 2017-12-31 | −$82.8M | −$27.7M | — | −86.73% |
| Q3 2017 | 2017-09-30 | $92.1M | $120.0M | — | +60.25% |
| Q2 2017 | 2017-06-30 | −$60.8M | −$45.6M | — | −175.71% |
| Q1 2017 | 2017-03-31 | −$38.7M | −$13.3M | — | −156.32% |
| Q4 2016 | 2016-12-31 | −$55.1M | $22.5M | — | −147.03% |
| Q3 2016 | 2016-09-30 | −$27.9M | −$9.7M | — | −76.70% |
| Q2 2016 | 2016-06-30 | −$15.2M | $35.6M | — | −46.26% |
| Q1 2016 | 2016-03-31 | −$25.3M | −$87.6M | — | −43.01% |
| Q4 2015 | 2015-12-31 | −$77.6M | −$49.1M | — | −197.06% |
| Q3 2015 | 2015-09-30 | −$18.2M | $28.7M | — | −30.31% |
| Q2 2015 | 2015-06-30 | −$50.8M | −$41.0M | — | −224.09% |
| Q1 2015 | 2015-03-31 | $62.3M | $129.1M | — | +57.22% |
| Q4 2014 | 2014-12-31 | −$28.5M | −$79.4M | — | −145.83% |
| Q3 2014 | 2014-09-30 | −$46.9M | −$26.6M | — | −35.30% |
| Q2 2014 | 2014-06-30 | −$9.8M | $25.1M | — | −34.21% |
| Q1 2014 | 2014-03-31 | −$66.8M | −$28.4M | — | −337.94% |
| Q4 2013 | 2013-12-31 | $50.9M | $103.1M | — | +163.49% |
| Q3 2013 | 2013-09-30 | −$20.3M | $9.4M | — | −33.33% |
| Q2 2013 | 2013-06-30 | −$34.8M | −$12.6M | — | −102.81% |
| Q1 2013 | 2013-03-31 | −$38.4M | −$2.3M | — | −167.04% |
| Q4 2012 | 2012-12-31 | −$52.2M | −$8.6M | — | −246.93% |
| Q3 2012 | 2012-09-30 | −$29.7M | −$6.4M | — | −161.54% |
| Q2 2012 | 2012-06-30 | −$22.2M | $15.6M | — | −93.93% |
| Q1 2012 | 2012-03-31 | −$36.1M | −$17.5M | — | −201.31% |
| Q4 2011 | 2011-12-31 | −$43.6M | −$54.8M | — | −276.53% |
| Q3 2011 | 2011-09-30 | −$23.3M | $12.2M | — | −86.15% |
| Q2 2011 | 2011-06-30 | −$37.9M | −$13.1M | — | −218.50% |
| Q1 2011 | 2011-03-31 | −$18.6M | $19.5M | — | −164.93% |
| Q4 2010 | 2010-12-31 | $11.1M | — | — | +24.52% |
| Q3 2010 | 2010-09-30 | −$35.5M | — | — | −93.67% |
| Q2 2010 | 2010-06-30 | −$24.8M | — | — | −58.21% |
| Q1 2010 | 2010-03-31 | −$38.1M | — | — | −114.74% |
Nektar Therapeutics free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$320.5M to −$208.7M, a net increase of $111.9M. Nektar Therapeutics's latest reported quarter, Q2 2026, generated −$75.9M in free cash flow, a decrease of $30.1M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Nektar Therapeutics filings at SEC.gov ↗