Nkarta, Inc. Financials
Financial Health Signals
Nkarta, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Nkarta, Inc. generates $0.92 in operating cash flow (-$99.7M OCF vs -$108.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Nkarta, Inc. (NKTX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Nkarta, Inc. generated $0 in revenue in fiscal year 2024.
Nkarta, Inc.'s EBITDA was -$119.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.4% from the prior year.
Nkarta, Inc. generated -$104.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 8.9% from the prior year.
Nkarta, Inc. reported -$108.8M in net income in fiscal year 2024. This represents an increase of 7.4% from the prior year.
Nkarta, Inc. earned $-1.60 per diluted share (EPS) in fiscal year 2024. This represents an increase of 33.3% from the prior year.
Nkarta, Inc. held $27.9M in cash against $0 in long-term debt as of fiscal year 2024.
Nkarta, Inc. paid $0.00 per share in dividends in fiscal year 2024.
Nkarta, Inc. had 71M shares outstanding in fiscal year 2024. This represents an increase of 43.6% from the prior year.
Nkarta, Inc. invested $96.7M in research and development in fiscal year 2024. This represents a decrease of 0.0% from the prior year.
Nkarta, Inc. invested $4.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 84.3% from the prior year.
NKTX Income Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $20.2M-20.0% | $25.3M | N/A | $22.2M | N/A | $23.4M | N/A | $16.6M |
| SG&A Expenses | $7.1M-17.0% | $8.5M | N/A | $7.1M | N/A | $6.8M | N/A | $5.8M |
| Operating Income | -$27.3M+19.3% | -$33.8M | N/A | -$29.3M | N/A | -$30.3M | N/A | -$22.4M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | $0 | N/A | $0 | N/A | $0 | N/A | $0 |
| Net Income | -$21.7M+23.4% | -$28.3M | N/A | -$25.6M | N/A | -$28.3M | N/A | -$22.4M |
| EPS (Diluted) | $-0.29+25.6% | $-0.39 | N/A | $-0.52 | N/A | $-0.58 | N/A | $-0.68 |
NKTX Balance Sheet
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $427.2M-14.8% | $501.2M+32.3% | $378.9M-6.6% | $405.9M-14.2% | $472.9M-6.1% | $503.8M+83.9% | $273.9M-6.3% | $292.5M |
| Current Assets | $289.3M+5.8% | $273.3M+8.0% | $253.1M-10.0% | $281.2M-22.0% | $360.7M-10.0% | $400.9M+63.1% | $245.8M-7.1% | $264.6M |
| Cash & Equivalents | $60.1M+115.7% | $27.9M-10.2% | $31.0M-18.9% | $38.3M+2.0% | $37.5M-5.4% | $39.7M-34.8% | $60.8M-36.8% | $96.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $89.3M-4.2% | $93.2M-11.7% | $105.6M-3.2% | $109.0M+8.3% | $100.7M-3.6% | $104.5M+355.8% | $22.9M+2.1% | $22.5M |
| Current Liabilities | $19.0M+0.4% | $18.9M-18.9% | $23.3M-9.0% | $25.6M+16.3% | $22.0M-16.6% | $26.4M+104.2% | $12.9M+7.4% | $12.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $337.9M-17.2% | $408.0M+49.3% | $273.3M-7.9% | $296.8M-20.3% | $372.2M-6.8% | $399.3M+59.1% | $251.0M-7.1% | $270.0M |
| Retained Earnings | -$620.9M-14.1% | -$544.2M-25.0% | -$435.4M-6.8% | -$407.7M-28.2% | -$317.9M-11.4% | -$285.4M-39.8% | -$204.1M-12.6% | -$181.3M |
NKTX Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$18.7M+24.5% | -$24.8M-6.0% | -$23.4M-15.2% | -$20.3M-176.6% | -$7.3M+50.5% | -$14.8M+15.8% | -$17.6M+3.7% | -$18.3M |
| Capital Expenditures | -$8K-100.7% | $1.1M-83.8% | $6.8M+10.0% | $6.2M-82.3% | $35.0M+356.6% | $7.7M+602.1% | $1.1M-28.1% | $1.5M |
| Free Cash Flow | -$18.7M+27.7% | -$25.9M+14.3% | -$30.2M-14.0% | -$26.5M+37.5% | -$42.4M-88.5% | -$22.5M-20.4% | -$18.7M+5.6% | -$19.8M |
| Investing Cash Flow | $25.4M+661.7% | -$4.5M-128.5% | $15.8M-46.2% | $29.4M+519.8% | $4.7M+106.0% | -$79.1M-343.6% | -$17.8M-119.5% | $91.5M |
| Financing Cash Flow | $0-100.0% | $184K-37.6% | $295K | $0-100.0% | $424K-83.5% | $2.6M+128100.0% | $2K-98.9% | $188K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NKTX Financial Ratios
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -5.1%+0.3pp | -5.3% | N/A | -6.3% | N/A | -5.6% | N/A | -7.6% |
| Current Ratio | 15.23+0.8 | 14.45+3.6 | 10.85-0.1 | 10.97-5.4 | 16.36+1.2 | 15.17-3.8 | 18.99-3.0 | 21.96 |
| Debt-to-Equity | 0.26+0.0 | 0.23-0.2 | 0.39+0.0 | 0.37+0.1 | 0.270.0 | 0.26+0.2 | 0.090.0 | 0.08 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Nkarta, Inc.'s annual revenue?
Nkarta, Inc. (NKTX) reported $0 in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Nkarta, Inc. profitable?
No, Nkarta, Inc. (NKTX) reported a net income of -$108.8M in fiscal year 2024.
What is Nkarta, Inc.'s earnings per share (EPS)?
Nkarta, Inc. (NKTX) reported diluted earnings per share of $-1.60 for fiscal year 2024. This represents a 33.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Nkarta, Inc.'s EBITDA?
Nkarta, Inc. (NKTX) had EBITDA of -$119.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Nkarta, Inc.'s free cash flow?
Nkarta, Inc. (NKTX) generated -$104.1M in free cash flow during fiscal year 2024. This represents a 8.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Nkarta, Inc.'s operating cash flow?
Nkarta, Inc. (NKTX) generated -$99.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Nkarta, Inc.'s total assets?
Nkarta, Inc. (NKTX) had $501.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Nkarta, Inc.'s capital expenditures?
Nkarta, Inc. (NKTX) invested $4.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Nkarta, Inc. spend on research and development?
Nkarta, Inc. (NKTX) invested $96.7M in research and development during fiscal year 2024.
How many shares does Nkarta, Inc. have outstanding?
Nkarta, Inc. (NKTX) had 71M shares outstanding as of fiscal year 2024.
What is Nkarta, Inc.'s current ratio?
Nkarta, Inc. (NKTX) had a current ratio of 14.45 as of fiscal year 2024, which is generally considered healthy.
What is Nkarta, Inc.'s debt-to-equity ratio?
Nkarta, Inc. (NKTX) had a debt-to-equity ratio of 0.23 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nkarta, Inc.'s return on assets (ROA)?
Nkarta, Inc. (NKTX) had a return on assets of -21.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Nkarta, Inc.'s cash runway?
Based on fiscal year 2024 data, Nkarta, Inc. (NKTX) had $27.9M in cash against an annual operating cash burn of $99.7M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Nkarta, Inc.'s Piotroski F-Score?
Nkarta, Inc. (NKTX) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Nkarta, Inc.'s earnings high quality?
Nkarta, Inc. (NKTX) has an earnings quality ratio of 0.92x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.