Nkarta, Inc. NKTX

Healthcare SIC 2834 - Pharmaceutical Preparations Nasdaq

We are a clinical-stage biopharmaceutical company pioneering the development of allogeneic, off-the-shelf engineered natural killer ("NK") cell therapies. Our company was founded on the belief that engineered NK cell therapies can transform the lives of patients by offering therapies that are clinically meaningful, broadly accessible and unencumbered by the safety concerns often associated with other cell therapy approaches. Our lead pipeline program is NKX019, a chimeric antigen receptor-natural killer ("CAR NK") product candidate targeting the CD19 antigen for the treatment of patients with autoimmune diseases. Our CAR NK platform enables an on-demand, off-the-shelf approach involving scaled manufacturing to broaden patient access. We have developed proprietary technologies designed to generate an abundant supply of NK cells, increase NK cell recognition of target antigens, and enhance NK cell fitness to support scalable, off the shelf administration. NKX019 is allogeneic, which means it is produced using cells from a different person than the patient(s) being treated, and it is produced in quantity, then frozen and therefore available for treating patients without delay, unlike autologous cell therapies, which are derived from a patient's own cells and must be manufactured as needed for each patient. We believe that engineered NK cells have the potential to be effective and accessible therapies for autoimmune diseases and other diseases, be well tolerated, and avoid some of the toxicities observed with other cell therapies.

Last close 2.92 2026-09-04
Market cap $209.1M 2026-06-30 share count
52-week range 1.70 - 3.72

Valuation FY2025 figures against the last close

P/S
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-1.41

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $0$0$115.0K
R&D $90.4M$96.7M$96.8M$90.9M$63.4M$36.2M$17.2M
SG&A $31.6M$31.4M$34.9M$28.1M$23.0M$15.3M$5.2M
Total operating expenses $122.0M$128.2M$131.7M$119.0M$86.4M$51.5M$22.5M
Operating income -$122.0M-$128.2M-$131.7M-$119.0M-$86.4M-$51.5M-$22.3M
Pre-tax income -$104.1M-$108.8M-$117.5M-$113.8M-$86.1M-$91.4M-$21.1M
Income tax $0$0$0$0$0$0$0
Net income -$104.1M-$108.8M-$117.5M-$113.8M-$86.1M-$91.4M-$21.1M
EPS, basic -1.41-1.60-2.40-2.61-2.62
EPS, diluted -1.41-1.60-2.40-2.61-2.62-5.44-14.41
Shares, diluted (wtd. avg.) $74.0M$67.9M$49.0M$43.6M$32.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $39.6M$27.9M$31.0M$37.5M$60.8M$96.7M$20.6M
Short-term investments $236.6M$239.5M$217.1M$314.6M$177.3M$218.2M$16.4M
Total current assets $282.5M$273.3M$253.1M$360.7M$245.8M$318.8M$37.5M
Property, plant and equipment $66.7M$74.7M$79.3M$61.9M$12.9M$9.3M$3.1M
Total assets $404.2M$501.2M$378.9M$472.9M$273.9M$337.6M$48.4M
Accounts payable $2.1M$638.0K$3.7M$1.8M$1.1M$1.2M$1.9M
Total current liabilities $22.3M$18.9M$23.3M$22.0M$12.9M$8.8M$8.2M
Total liabilities $91.9M$93.2M$105.6M$100.7M$22.9M$16.4M$14.1M
Retained earnings -$648.3M-$544.2M-$435.4M-$317.9M-$204.1M-$118.0M-$26.7M
Total equity $312.3M$408.0M$273.3M$372.2M$251.0M$321.2M-$25.5M-$5.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow -$88.7M-$99.7M-$86.2M-$57.0M-$67.9M-$43.5M-$18.4M
Depreciation and amortisation $9.2M$9.2M$5.9M$2.6M$1.8M$800.0K$400.0K
Stock-based compensation $8.6M$16.7M$17.2M$16.9M$14.5M$6.7M$947.0K
Capital expenditure $1.2M$4.4M$28.1M$47.1M$5.0M$7.5M$1.9M
Investing cash flow $100.3M-$129.6M$79.0M-$184.7M$32.5M-$210.1M-$18.3M
Financing cash flow $141.0K$226.1M$691.0K$219.0M$1.2M$329.8M$49.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-016403.

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