Nektar Therapeutics is classed by the SEC under Pharmaceutical Preparations (industry code 2834), based in San Francisco, CA. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $55 million and a loss of $164 million (its filed statements).
Product businessPharmaceutical PreparationsSan Francisco, CAfilings since 19968 of 9 filed, 1 estimated
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a product business: prior from its industry code (SEC 2834, Pharmaceutical Preparations); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 4.5 out of ten, 8 of 9 metrics filed and 1 estimated: past 4.7 out of ten, present 4.7 out of ten, future 3.9 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 3.5 out of ten. 3 warning events since 2017; the latest 2025-04-04. 35th percentile among 497 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 3.3 out of ten. -11.5% a year over 10 filed years; profitable in 1 of 10. 33rd percentile among 324 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 9.5 out of ten. CrossAssetData estimate 9.5/10, confidence 35 of 100 (one part). 95th percentile among 463 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Financial health (present): 3.2 out of ten. ROE -183%: lost 183¢ per shareholder dollar. Leverage 68%: owes 68¢ per asset dollar. 32nd percentile among 472 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 4.1 out of ten. bottom 41% of 314 in its family; net margin -297.1%. 41st percentile among 314 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 8.9 out of ten. top 11% of 315 in its family for leadership; chief executive since 2007. 89th percentile among 315 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
Room to expand (future): 5.4 out of ten. top 46% of 272 in its family for room to expand. 54th percentile among 272 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 2.2 out of ten. bottom 22% of 307 in its family for growth drivers. 22nd percentile among 307 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 3.5 out of ten. bottom 35% of 234 in its family for expectations against reality. 35th percentile among 234 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 10-K filed 2026-03-13 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-14 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-13 (on EDGAR). Newest filing: Form 8-K, 2026-10-01. Filings on record since 1996. Read from EDGAR 2026-10-12.
Where the revenue comes from
Product and service lines in fiscal 2025: Non Cash Royalty Revenue Related to Sale of Future Royalties 100%, License Collaboration and Other Revenue 1%. As tagged in its annual report (Form 10-K, filed 2026-03-13).
Who runs it
Robin, Howard W (President & CEO); Chess, Robert (Chairman of the Board); Rubinstein, Linda M (Interim CFO); Zalevsky, Jonathan (Chief R&D Officer); Wilson, Mark Andrew (Chief Legal Officer); Ajer, Jeffrey Robert (director); Brainard, Diana (director); Greer, R Scott (director); Whitfield, Roy A (director). 9 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.
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