Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Nkarta, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0.12
0
0
Research and development
17.2
36.2
63.4
90.9
96.8
96.7
90.4
General and administrative
5.25
15.3
23
28.1
34.9
31.5
31.6
Operating expenses
22.5
51.5
86.4
119
132
128
122
Operating income
-22.3
-51.5
-86.4
-119
-132
-128
-122
Other non-operating income
1.27
-39.9
0.35
5.12
14.1
19.4
17.9
Income tax
0
0
0
0
0
0
0
Net income
-21.1
-91.4
-86.1
-114
-118
-109
-104
EBITDA
-21.9
-50.7
-84.6
-116
-126
-119
-113
EPS, basic
-14.41
-5.44
-2.62
-2.61
-2.40
-1.60
-1.41
EPS, diluted
-14.41
-5.44
-2.62
-2.61
-2.40
-1.60
-1.41
Shares, basic (weighted)
1.46
16.8
32.9
43.6
49
67.9
74
Shares, diluted (weighted)
1.46
16.8
32.9
43.6
49
67.9
74
Dividend per share
0.00
0.00
0.00
Balance sheet
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
20.6
96.7
60.8
37.5
31
27.9
39.6
Short-term investments
16.4
218
177
315
217
239
237
Other current assets
0.07
1.34
3.15
2.93
1.62
2.74
2.41
Total current assets
37.5
319
246
361
253
273
283
Property, plant and equipment
3.08
9.35
12.9
61.9
79.3
74.7
66.7
Lease right-of-use assets
7.14
8.51
11.7
45.7
39.9
36
34.4
Long-term investments
110
16.1
Other non-current assets
0.46
0.55
1.49
1.85
3.8
4.06
1.7
Total assets
48.4
338
274
473
379
501
404
Accounts payable
1.88
1.18
1.11
1.76
3.67
0.64
2.09
Accrued liabilities
3.29
6.25
9.35
16
13.6
12.2
13.3
Total current liabilities
8.17
8.83
12.9
22
23.3
18.9
22.3
Lease liabilities
5.78
7.52
9.98
78.7
82.3
74.2
69.5
Other non-current liabilities
0.13
0.08
0.02
0.09
0.09
Total liabilities
14.1
16.4
22.9
101
106
93.2
91.9
Paid-in capital
1.18
439
455
691
709
952
960
Retained earnings
-26.7
-118
-204
-318
-435
-544
-648
Other comprehensive income
-0
0
-0.15
-0.68
0.01
0.67
0.41
Shareholders' equity
-25.5
321
251
372
273
408
312
Total equity
-25.5
321
251
372
273
408
312
Total liabilities and equity
48.4
338
274
473
379
501
404
Shares outstanding
1.6
32.6
33
48.9
49.2
70.6
71.1
Cash flow statement
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-21.1
-91.4
-86.1
-114
-118
-109
-104
Depreciation and amortization
0.4
0.8
1.8
2.6
5.9
9.2
9.2
Stock-based compensation
0.95
6.75
14.5
16.9
17.2
16.7
8.56
Cash from operations
-18.4
-43.5
-67.9
-57
-86.2
-99.7
-88.7
Capital expenditures
-1.93
-7.51
-5.03
-47.1
-28.1
-4.41
-1.21
Purchases of investments
-16.4
-223
-227
-386
-260
-406
-239
Sales and maturities of investments
20
265
248
367
281
340
Cash from investing
-18.3
-210
32.5
-185
79
-130
100
Stock issued
0
0.39
1.48
1.4
0.16
0.67
0
Cash from financing
49.6
330
1.2
219
0.69
226
0.14
Net change in cash
12.9
76.2
-34.2
-22.7
-6.45
-3.17
11.8
Free cash flow
-20.3
-51
-73
-104
-114
-104
-89.9
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.75 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-47.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-34.7%
Net income / average total assets.
Return on invested capital (ROIC)
-46.9%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
-23.4%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-5.7%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
-0.6%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-19.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-5.1%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
3.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
9.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
19.3%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
34.5%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
7.98x
Current assets / current liabilities.
Quick ratio
7.76x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
7.76x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share
-$1.26
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$1.25
Cash from operations / diluted weighted shares.
Book value per share
$3.33
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
0.80x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.80x
Market cap / tangible book value, when positive.
FCF yield
-47.7%
Free cash flow / market cap.
Earnings yield
-59.6%
Net income / market cap (the inverse of P/E).
What was Nkarta, Inc.'s revenue in fiscal 2025?
Nkarta, Inc. reported revenue of $0.0 for fiscal 2025.
Was Nkarta, Inc. profitable in fiscal 2025?
No. It reported a net loss of $104.1M.
How much free cash flow did Nkarta, Inc. generate in fiscal 2025?
Cash from operations of $88.7M minus capital expenditures of $1.2M left free cash flow of -$89.9M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.