NKTX revenueFY2025$0
NKTX revenue was $0 for fiscal 2025 (ended Dec 31, 2025), compared with $0 in fiscal 2024.
Nkarta Inc. (NKTX) financials
For fiscal 2025 (ended Dec 31, 2025), Nkarta Inc. reported $0 of revenue and -$104.08M of net income.
- Revenue, FY2025
- $0
- Net income, FY2025
- -$104.08M
- Free cash flow, FY2025
- -$89.91M
- EPS, diluted, FY2025
- -$1.41
- Cash
- $48.35M
- Market cap
- $114.0M
FY2019FY2025
FY2019FY2025
FY2019FY2025
NKTX revenue and earnings growth
NKTX net incomeQ3 2026-$33.33M
NKTX net income was -$33.33M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$21.71M a year earlier. For the full fiscal 2025 it was -$104.08M, compared with -$108.79M in fiscal 2024.
NKTX EPSQ3 2026-$0.45
NKTX diluted EPS was -$0.45 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.29 a year earlier. For the full fiscal 2025 it was -$1.41, compared with -$1.60 in fiscal 2024.
NKTX free cash flowQ3 2026-$27.08M
NKTX free cash flow was -$27.08M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$18.70M a year earlier. For the full fiscal 2025 it was -$89.91M, compared with -$104.11M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | - | - | - | - | $115.0K |
| Research and development | $90.43M | $96.74M | $96.77M | $90.90M | $63.41M | $36.22M | $17.22M |
| Selling, general and admin | $31.57M | $31.45M | $34.88M | $28.06M | $23.02M | $15.29M | $5.25M |
| Operating income | -$122.00M | -$128.19M | -$131.65M | -$118.95M | -$86.43M | -$51.51M | -$22.35M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$104.08M | -$108.79M | -$117.50M | -$113.84M | -$86.08M | -$91.36M | -$21.08M |
| EPS, basic | -$1.41 | -$1.60 | -$2.40 | -$2.61 | -$2.62 | -$5.44 | -$14.41 |
| EPS, diluted | -$1.41 | -$1.60 | -$2.40 | -$2.61 | -$2.62 | -$5.44 | -$14.41 |
| Diluted shares | 74.0M | 67.9M | 49.0M | 43.6M | 32.9M | 16.8M | 1.5M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $39.63M | $27.87M | $31.04M | $37.49M | $60.82M | $96.69M | $20.61M |
| Short-term investments | $236.65M | $239.48M | $217.15M | $314.65M | $177.27M | $218.22M | $16.38M |
| Current assets | $282.51M | $273.34M | $253.07M | $360.69M | $245.78M | $318.83M | $37.47M |
| Total assets | $404.21M | $501.20M | $378.88M | $472.94M | $273.90M | $337.65M | $48.41M |
| Current liabilities | $22.27M | $18.92M | $23.33M | $22.05M | $12.94M | $8.83M | $8.16M |
| Total liabilities | $91.88M | $93.23M | $105.60M | $100.73M | $22.94M | $16.43M | $14.08M |
| Shareholders' equity | $312.32M | $407.98M | $273.29M | $372.21M | $250.97M | $321.22M | -$25.48M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$88.70M | -$99.70M | -$86.16M | -$57.00M | -$67.93M | -$43.51M | -$18.37M |
| Capital expenditures | $1.21M | $4.41M | $28.15M | $47.11M | $5.03M | $7.51M | $1.93M |
| Free cash flow | -$89.91M | -$104.11M | -$114.31M | -$104.11M | -$72.95M | -$51.02M | -$20.30M |
| Investing cash flow | $100.32M | -$129.56M | $79.02M | -$184.69M | $32.53M | -$210.08M | -$18.30M |
| Financing cash flow | $141.0K | $226.08M | $691.0K | $219.01M | $1.20M | $329.82M | $49.58M |
| Stock-based compensation | $8.56M | $16.73M | $17.20M | $16.86M | $14.46M | $6.75M | $947.0K |
| Depreciation and amortization | $9.20M | $9.20M | $5.90M | $2.60M | $1.80M | $800.0K | $400.0K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Operating margin | - | - | - | - | - | - | -19433.9% |
| Net margin | - | - | - | - | - | - | -18327.0% |
| Free cash flow margin | - | - | - | - | - | - | -17647.8% |
| Return on equity | -33.3% | -26.7% | -43.0% | -30.6% | -34.3% | -28.4% | - |
| Return on assets | -25.8% | -21.7% | -31.0% | -24.1% | -31.4% | -27.1% | -43.5% |
| Current ratio | 12.69 | 14.45 | 10.85 | 16.36 | 18.99 | 36.10 | 4.59 |
Income statement
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | $29.46M | $29.05M | $24.99M | $25.28M | $20.20M | $20.78M | $24.17M | $23.13M | $25.25M | $23.13M | $25.24M | $23.32M |
| Selling, general and admin | $6.31M | $14.08M | $5.89M | $5.68M | $7.09M | $6.41M | $12.39M | $7.80M | $8.54M | $7.58M | $7.53M | $7.86M |
| Operating income | -$35.78M | -$43.13M | -$30.88M | -$30.96M | -$27.29M | -$27.19M | -$36.56M | -$30.92M | -$33.79M | -$30.71M | -$32.76M | -$31.18M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$33.33M | -$40.37M | -$27.83M | -$27.41M | -$21.71M | -$22.98M | -$31.98M | -$25.93M | -$28.34M | -$24.99M | -$29.52M | -$27.75M |
| EPS, basic | -$0.45 | -$0.54 | -$0.37 | -$0.38 | -$0.29 | -$0.31 | -$0.43 | - | -$0.39 | -$0.34 | -$0.58 | -$0.57 |
| EPS, diluted | -$0.45 | -$0.54 | -$0.37 | -$0.38 | -$0.29 | -$0.31 | -$0.43 | - | -$0.39 | -$0.34 | -$0.58 | -$0.57 |
| Diluted shares | 74.6M | 74.5M | 74.3M | - | 74.0M | 74.0M | 73.9M | - | 73.6M | 73.5M | 50.7M | - |
Balance sheet
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $48.35M | $24.96M | $27.36M | $39.63M | $60.11M | $53.41M | $52.60M | $27.87M | $56.96M | $120.40M | $250.28M | $31.04M |
| Short-term investments | $108.25M | $157.81M | $203.07M | $236.65M | $222.22M | $236.27M | $212.91M | $239.48M | $226.09M | $204.42M | $187.11M | $217.15M |
| Current assets | $162.55M | $188.04M | $235.88M | $282.51M | $289.27M | $296.57M | $271.55M | $273.34M | $290.15M | $331.80M | $442.78M | $253.07M |
| Total assets | $308.46M | $337.64M | $372.07M | $404.21M | $427.24M | $448.31M | $470.61M | $501.20M | $532.03M | $554.09M | $576.94M | $378.88M |
| Current liabilities | $28.07M | $23.56M | $18.21M | $22.27M | $18.99M | $18.93M | $18.76M | $18.92M | $22.47M | $20.86M | $22.19M | $23.33M |
| Total liabilities | $92.71M | $89.91M | $86.21M | $91.88M | $89.34M | $90.64M | $91.80M | $93.23M | $101.16M | $100.90M | $103.28M | $105.60M |
| Shareholders' equity | $215.75M | $247.74M | $285.86M | $312.32M | $337.90M | $357.67M | $378.81M | $407.98M | $430.87M | $453.18M | $473.65M | $273.29M |
Cash flow
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$25.84M | -$24.22M | -$28.20M | -$21.65M | -$18.69M | -$18.75M | -$29.61M | -$24.75M | -$24.55M | -$21.89M | -$28.51M | -$23.35M |
| Capital expenditures | $1.25M | $183.0K | $413.0K | $560.0K | -$8.0K | $138.0K | $518.0K | $1.10M | $777.0K | $2.35M | $175.0K | $6.81M |
| Free cash flow | -$27.08M | -$24.41M | -$28.61M | -$22.21M | -$18.70M | -$18.89M | -$30.13M | -$25.85M | -$25.32M | -$24.25M | -$28.68M | -$30.16M |
| Investing cash flow | $49.09M | $21.15M | $15.91M | $1.10M | $25.39M | $19.49M | $54.34M | -$4.52M | -$38.90M | -$107.63M | $21.48M | $15.84M |
| Financing cash flow | $143.0K | $676.0K | $6.0K | $64.0K | $0 | $77.0K | $0 | $184.0K | $2.0K | -$368.0K | $226.27M | $295.0K |
| Stock-based compensation | $1.76M | $1.86M | $1.90M | $1.90M | $1.77M | $2.05M | $2.83M | $3.89M | $4.05M | $4.41M | $4.37M | $3.51M |
| Depreciation and amortization | $2.10M | $2.70M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.40M | $2.30M | $2.30M | $2.30M |
Key ratios
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 5.79 | 7.98 | 12.96 | 12.69 | 15.23 | 15.67 | 14.48 | 14.45 | 12.91 | 15.91 | 19.95 | 10.85 |
Source: XBRL data Nkarta Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
NKTX peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| NKTX | $0 | - | -$104.08M | - | $114.0M |
| FATE | $4.75M | -33.4% | -$124.43M | -2619.6% | $235.2M |
| ALLO | $6.94M | +269.5% | -$174.46M | -2513.9% | $366.2M |
| IPSC | $109.16M | +1556.8% | -$9.58M | -8.8% | $327.7M |
| SANA | - | - | -$149.27M | - | $740.1M |
| CRBU | $9.44M | +1.6% | -$102.47M | -1085.0% | $45.2M |
NKTX FAQ
7 questionsWhat is NKTX revenue?
Nkarta Inc. (NKTX) reported $0 of revenue for fiscal 2025 (ended Dec 31, 2025).Is NKTX profitable?
No. Nkarta Inc. reported a net loss of $104.08M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does NKTX have?
Nkarta Inc. reported $48.35M in cash and cash equivalents on its most recent balance sheet in SEC filings.What is NKTX free cash flow?
Nkarta Inc. generated -$89.91M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$88.70M less capital expenditures.What is NKTX earnings per share?
Diluted earnings per share were -$1.41 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did NKTX last report financial results?
The latest statements here come from Nkarta Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.Where does this NKTX financial data come from?
Quantisnow builds these statements from the structured XBRL data Nkarta Inc. files with the SEC. It is provided for information only and is not investment advice.