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NEKTAR THERAPEUTICS

NKTR

$76.47 ▲ +2.95 (+4.01%) at close

18 Visible periods

28 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

NEKTAR THERAPEUTICS faces fundamental challenges with weakness in Return on Common Equity (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $1.3B

Dividend Yield —

Revenue Growth -43.9% ↘

Op. Margin -253.7% ↘

ROIC -155.8% ↗

FCF / Share $-12.37 ↘

Trailing P/E —

Price / Book 17.4x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$55.23M

↓ -43.9% —

Net Income Profit after all expenses

$-164.08M

↓ -37.9% —

Operating Margin Operating profit as % of sales

-253.7%

↓ -137.3% 0th

FCF / Share Free cash flow per share

$-12.37

↓ -1335.8% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns ↓

Cash Quality ↑

Financial view

Statement lens

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Cadence

Annual Quarterly

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	-43.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-649%)	9.2% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+15%)	-2.1% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-126%)	-9.7% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-221%)	-33.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-517%)	33.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+318%)	-90.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1230%)	287.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3498%)	86.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+975%)	-28.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-454%)	15.0% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+87%)	34.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+335%)	83.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+943%)	13.6% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+70%)	-55.1% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-788%)	121.1% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1414%)	—	—
EPS Growth YoY (%)	-1577.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	60.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	99.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	31.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-14.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	1.2% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-37.9% Weak ↓ Weak Declining Year-over-year change in net income	56.9% Excellent ↑ Excellent Improving Year-over-year change in net income	25.0% Excellent ↑ Excellent Improving Year-over-year change in net income	29.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-17.9% Weak Weak Year-over-year change in net income	-0.9% Weak Weak Year-over-year change in net income	N/M	N/M	37.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-89.1% Weak ↓ Weak Declining Year-over-year change in net income	-50.6% Weak ↓ Weak Declining Year-over-year change in net income	66.7% Excellent ↑ Excellent Improving Year-over-year change in net income	5.7% Fair ↑ Fair Improving Year-over-year change in net income	-28.3% Weak ↑ Weak Improving Year-over-year change in net income	-253.1% Weak Weak Year-over-year change in net income	63.0% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	-1335.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	15.4% Good ↓ Good Declining Year-over-year change in free cash flow	99.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	29.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-30.0% Weak Weak Year-over-year change in free cash flow	11.5% Fair Fair Year-over-year change in free cash flow	N/M	N/M	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	-15.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-16.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-7.0% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-56.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-20.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-11.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	72.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	15.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	3.6% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	41.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	41.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-2.2% Weak Weak Compound annual revenue growth over 3 years	4.1% Caution Caution Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	-18.4% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-3.0% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-40.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-21.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-9.2% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-7.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-10.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	51.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	30.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	18.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	7.7% Fair Fair Compound annual revenue growth over 5 years	22.8% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	-253.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1791%)	-106.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-813%)	-292.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2051%)	-408.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2824%)	-437.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3018%)	-278.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1953%)	-383.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2659%)	57.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+284%)	-19.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-229%)	-68.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-555%)	-12.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-185%)	-8.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-155%)	-80.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-638%)	-173.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1259%)	-173.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1256%)	-17.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-218%)	-132.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-982%)	—
Effective Tax Rate (%) (%)	0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.6% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.9% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—
Profit Margin (%) (%)	-297.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2576%)	-120.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1107%)	-306.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2653%)	-400.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3433%)	—	-290.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2522%)	-384.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3304%)	57.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+376%)	-31.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-362%)	-92.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-873%)	-35.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-393%)	-26.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-324%)	-108.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1007%)	-211.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1864%)	-187.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1662%)	-23.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-299%)	-142.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1288%)	—
FCF Margin (%) (%)	-377.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-180.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-214.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-336.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-419.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-209.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-309.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	59.0% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	-29.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	-172.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-172.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-54.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	32.5% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.27x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.49x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.70x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.84x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.82x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.72x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.81x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.03x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	0.93x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	0.82x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.92x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	2.30x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-0.23x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	-155.8% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-172.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-201.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-103.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-65.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-39.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-31.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	40.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-68.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-128.8% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-459.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-44.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	105.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-237.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-49.5% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-24.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-73.4% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-50.0% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-34.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-66.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-52.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-39.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-27.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-22.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	32.0% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	-11.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-19.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-5.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-3.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-27.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-28.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-20.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	-5.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-182.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1318%)	-195.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1406%)	-210.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1505%)	-100.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-770%)	-77.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-614%)	-41.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-375%)	-31.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-309%)	39.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+164%)	-110.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-834%)	-174.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1261%)	—	-148.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1089%)	180.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1101%)	—	-67.7% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-552%)	-41.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-379%)	-100.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-768%)	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Interest Coverage (x)	—	—	—	—	—	-62.05x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-20.65x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	31.88x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	-2.70x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-5.02x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-1.61x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.92x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-6.51x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-9.12x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-12.12x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-2.53x Weak Weak Operating income divided by interest expense Optimal: > 5x	-7.81x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-15.12M	$-44.25M	$-35.28M	$-88.23M	$-25.22M	$-198.96M	$-96.36M	$-194.91M	$-4.76M	$-59.64M	$-55.57M	$-12.37M	$-39.07M	$-25.44M	$-15.31M	$-17.75M	$-49.60M	$-155.58M

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$3.27	$0.48	$0.47	$105.41	$119.13	$183.49	$140.35	$1.51K	$422.81	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$-9.73	$-0.58	$-1.45	$-422.14	$-612.85	$-533.57	$-540.00	$861.42	$-132.86	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-12.37	$-0.86	$-1.02	$-354.61	$-499.94	$-384.63	$-434.67	$889.45	$-123.79	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$4.41	$0.33	$0.68	$416.66	$785.08	$1.28K	$1.71K	$2.12K	$117.98	$123.25	$10.18	$59.33	$-165.37	$87.41	$370.25	$205.54	—	—
Tangible Book Value per Share (USD)	$4.41	$0.33	$0.68	$329.72	$696.70	$1.19K	$1.61K	$2.03K	$15.22	$16.26	$-110.99	$-65.60	$-306.09	$-54.81	$227.06	$32.11	—	—
Basic Weighted Avg Shares (shares)	16.87M	205.66M	190.00M	873,315	855,395	833,382	816,638	791,471	727,784	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$212.73M	$199.89M	$279.43M	$477.76M	$710.38M	$1.02B	$1.07B	$1.36B	$270.66M	$353.73M	$288.81M	$224.15M	$159.66M	$236.09M	$1.17M	$289.87M	—	—
Total Equity (USD)	$89.83M	$60.74M	$130.99M	$366.64M	$679.51M	$1.08B	$1.41B	$1.72B	$87.83M	$88.12M	$6.43M	$36.33M	$-89.90M	$47.02M	$197.81M	$90.66M	$102.37M	$190.15M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$55.23M	$98.43M	$90.12M	$92.06M	$101.91M	$152.91M	$114.62M	$1.19B	$307.71M	$165.44M	$230.78M	$200.71M	$148.92M	$81.19M	$71.48M	$159.04M	$71.93M	—
Depreciation Expense (USD)	—	$4.10M	$7.00M	$12.20M	$13.00M	$12.50M	$11.00M	$8.80M	$12.60M	$13.20M	$11.40M	$11.70M	$13.00M	—	—	—	—	—
Net Income, GAAP (USD)	$-164.08M	$-118.96M	$-276.06M	$-368.20M	$-523.84M	$-444.44M	$-440.67M	$681.31M	$-96.69M	$-153.52M	$-81.18M	$-53.92M	$-162.01M	$-171.85M	$-133.98M	$-37.94M	$-102.52M	—
Operating Cash Flow (USD)	$-208.51M	$-175.71M	$-192.61M	$-304.01M	$-412.66M	$-313.29M	$-328.68M	$718.21M	$-80.41M	—	—	—	—	$-129.76M	$-113.74M	$-55.87M	$39.74M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 18 years · 67 quarters

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