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Companies / Health Care / Nektar Therapeutics
NKTR

Nektar Therapeutics

Health CarePharmaceutical Preparations
Ticker NKTRSAN FRANCISCO, CAFiscal year ends DecemberBook value per share $31.23Diluted shares 28.9M

Nektar Therapeutics (Nasdaq: NKTR) is a clinical-stage, research-based biopharmaceutical company focused on discovering and developing immunotherapy medicines. Its pipeline targets autoimmune and inflammatory diseases, including rezpegaldesleukin and the preclinical candidates NKTR-0165 and NKTR-0166, as well as… From the company’s description.

Over the twelve months to Jun 30, 2026, Nektar Therapeutics reported revenue of $54.59M, down 27.2% from a year earlier, and a net loss of $157.13M. Its operating margin was −257.8%, and operations used $233.79M in cash. In fiscal 2025, it reported revenue of $55.23M, down 43.9% from fiscal 2024, and a net loss of $164.08M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$55.23MFY2025
−43.9% year over year
Last 12 mo $54.59M
-253.66%FY2025
−146.8 percentage points
Last 12 mo -257.80%
$-164.08MFY2025
−37.9% year over year
Last 12 mo $-157.13M
-172.25%FY2025
−2.2 percentage points
Last 12 mo -16.28%
Cash & financing
$-208.51MFY2025
−18.7% year over year
Last 12 mo $-233.79M
$-208.68MFY2025
−17.8% year over year
Last 12 mo $-234.03M
—
16.9MFY2025
−91.8% year over year
Last 12 mo 28.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Nektar Therapeutics does

In the company’s own words

Nektar Therapeutics (Nasdaq: NKTR) is a clinical-stage, research-based biopharmaceutical company focused on discovering and developing immunotherapy medicines. Its pipeline targets autoimmune and inflammatory diseases, including rezpegaldesleukin and the preclinical candidates NKTR-0165 and NKTR-0166, as well as cancer, including NKTR-255. Rezpegaldesleukin is being studied for atopic dermatitis and alopecia areata, while NKTR-255 is evaluated in combination with cell therapies and checkpoint inhibitors. Nektar also conducts discovery research across proteins, peptides and antibodies and develops candidates using polymer-conjugate technology, including PEGylation. The company has a single focus on research and development rather than reportable operating segments. It selectively collaborates with pharmaceutical and biotechnology partners on development, licensing, manufacturing and commercialization; its technology has been used in more than ten products approved in the United States or Europe, including ADYNOVATE, MOVANTIK, CIMZIA and MIRCERA. Nektar regained full rights to rezpegaldesleukin after Lilly terminated its license agreement in 2023. Its website is www.nektar.com.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
SAN FRANCISCO, CA
Fiscal year end
December
CIK
906709
SIC
2834

Financial performance, year by year

Fiscal 2011–2025 · USD
$-695.55M$-180.40M$334.74M$849.89M$1.37B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Nektar Therapeutics — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

132
funds hold it
0 of 35
superinvestors hold it
$557.34M
held by funds, at market
23.4%
of shares held by funds

Largest fund holders · Nektar Therapeutics’s weight in each

Fidelity Growth Company Fund
FDGRX · Fidelity Mt. Vernon Street Trust
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.08%of fund net assets
Fidelity Growth Company K6 Fund
FGKFX · Fidelity Mt. Vernon Street Trust
—of fund net assets
Fidelity Series Growth Company Fund
FCGSX · Fidelity Mt. Vernon Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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