Nuvation Bio Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:41:41Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -181.43M | -130.41M | — | — | — | — |
| EBITDA | -211.32M | -591.94M | -99.60M | -119.53M | -93.13M | -43.45M |
| Working Capital | 489.29M | 468.01M | 602.46M | 654.16M | 755.15M | 214.13M |
| Net Debt | -106.73M | -26.81M | -38.64M | -96.84M | -129.37M | — |
| Gross Margin | — | 10.10% | — | — | — | — |
| Operating Margin | -338.72% | -7527.33% | — | — | — | — |
| Net Margin | -325.31% | -7213.76% | — | — | — | — |
| Return on Equity (ROE) | -66.93% | -122.46% | -12.53% | -15.91% | -11.64% | -19.37% |
| Return on Assets (ROA) | -34.40% | -105.05% | -12.20% | -15.50% | -11.19% | -18.78% |
| Current Ratio | 6.95× | 9.04× | 44.11× | 50.70× | 45.62× | 33.69× |
| Debt-to-Equity | 0.19× | 0.02× | 0.01× | 0.01× | 0.00× | — |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.85× | 0.23× | 0.90× | 0.92× | 0.79× | 0.88× |
| Accruals Ratio | -0.05× | -0.81× | -0.01× | -0.01× | -0.02× | -0.02× |
| SBC % of Revenue | 57.06% | 409.95% | — | — | — | — |
| CapEx Coverage | -21.68× | — | — | — | — | — |
| Free Cash Flow Per Share | $-531.20 | $-485.22 | — | — | — | — |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 62.90M | 7.87M | 0 | — | — | — |
| Revenues | 62.90M | 7.87M | — | — | — | — |
| Cost of Goods and Services Sold | — | 7.08M | 0 | — | — | — |
| Gross Profit | — | 795.00K | 0 | — | — | — |
| Research and Development Expense | 115.11M | 99.12M | 71.29M | 87.81M | 69.04M | 32.60M |
| Selling, General and Administrative Expense | 151.56M | 69.23M | 28.53M | — | — | — |
| Operating Expenses | 275.97M | 600.50M | 99.82M | 119.73M | 93.32M | 43.55M |
| Operating Income (Loss) | -213.06M | -592.63M | -99.82M | -119.73M | -93.32M | -43.55M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -204.63M | -567.94M | -75.80M | -104.20M | -86.85M | -41.66M |
| Earnings Per Share, Basic | $-0.60 | $-2.11 | $-0.35 | $-0.48 | $-0.44 | — |
| Weighted Average Number of Shares Outstanding, Basic | 341,541 | 268,772 | 218,880 | 216,721 | 197,887 | — |
| Earnings Per Share, Diluted | $-0.60 | $-2.11 | $-0.35 | $-0.48 | $-0.44 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 341,541 | 268,772 | 218,880 | 216,721 | 197,887 | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 164.09M | 35.72M | 42.65M | 101.10M | 132.42M | 29.75M |
| Assets, Current | 571.52M | 526.25M | 616.43M | 667.32M | 772.07M | 220.68M |
| Assets | 594.82M | 540.63M | 621.48M | 672.14M | 776.15M | 221.79M |
| Long-term Debt | 47.21M | — | — | — | — | — |
| Liabilities, Current | 82.23M | 58.24M | 13.97M | 13.16M | 16.93M | 6.55M |
| Liabilities | 289.11M | 76.84M | 16.36M | 17.07M | 30.15M | 6.71M |
| Stockholders' Equity Attributable to Parent | 305.72M | 463.79M | 605.12M | 655.08M | 746.00M | 215.08M |
| Common Stock, Shares, Outstanding | 346.50M | 337.84M | 219.05M | 218.63M | 217.95M | 149.04M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -173.43M | -130.41M | -68.00M | -96.11M | -68.19M | -36.53M |
| Net Cash Provided by (Used in) Investing Activities | 99.52M | 122.70M | 8.92M | 63.46M | -454.67M | -70.32M |
| Net Cash Provided by (Used in) Financing Activities | 202.53M | 331.00K | 628.00K | 1.33M | 625.53M | 133.13M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -29.73M | -151.69M | — | — | -46.30M |
| EBITDA | 4.42M | -33.50M | — | — | -58.69M | -53.72M |
| Working Capital | 512.01M | 489.29M | 509.40M | 556.85M | 422.80M | 468.01M |
| Net Debt | -68.24M | -106.73M | -41.35M | -190.21M | 63.44M | -26.81M |
| Gross Margin | — | — | 74.47% | 46.70% | 32.10% | 26.18% |
| Operating Margin | 4.66% | -81.30% | -430.14% | -1315.73% | -1913.23% | -944.53% |
| Net Margin | 6.48% | -87.40% | -425.24% | -1220.92% | -1726.20% | -865.79% |
| Return on Equity (ROE) | 1.69% | -11.97% | -17.12% | -15.82% | -12.69% | -10.66% |
| Return on Assets (ROA) | 0.88% | -6.15% | -9.27% | -9.12% | -10.81% | -9.15% |
| Current Ratio | 7.44× | 6.95× | 8.48× | 9.39× | 9.01× | 9.04× |
| Debt-to-Equity | 0.18× | 0.19× | 0.18× | 0.15× | 0.27× | 0.02× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.94× | 0.81× | 2.58× | 1.54× | 0.80× | 0.94× |
| Accruals Ratio | 0.00× | -0.01× | 0.15× | 0.05× | -0.02× | -0.01× |
| SBC % of Revenue | 10.85% | 19.08% | 212.70% | 411.44% | 254.67% | 178.41% |
| CapEx Coverage | — | — | -17.96× | — | — | — |
| Free Cash Flow Per Share | — | $-87.06 | $-443.04 | — | — | $-172.27 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 83.23M | 41.87M | 13.12M | 4.83M | 3.08M | 5.71M |
| Revenues | 83.23M | 41.87M | 13.12M | 4.83M | 3.08M | 5.71M |
| Cost of Goods and Services Sold | — | — | 3.35M | 2.58M | 2.09M | 4.22M |
| Gross Profit | — | — | 9.77M | 2.26M | 990.00K | 1.50M |
| Research and Development Expense | 35.05M | 34.30M | 28.85M | 27.36M | 24.60M | 29.30M |
| Selling, General and Administrative Expense | 38.31M | 40.33M | 37.36M | 38.48M | 35.39M | 26.14M |
| Operating Expenses | 79.35M | 83.92M | 66.20M | 65.85M | 62.09M | 62.52M |
| Operating Income (Loss) | 3.88M | -34.04M | -56.43M | -63.59M | -59.00M | -53.94M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | 5.40M | -36.59M | -55.79M | -59.01M | -53.24M | -49.45M |
| Earnings Per Share, Basic | $0.02 | $-0.11 | $-0.16 | $-0.17 | $-0.16 | $0.00 |
| Weighted Average Number of Shares Outstanding, Basic | 347,332 | 341,541 | 342,393 | 340,746 | 338,612 | 268,772 |
| Earnings Per Share, Diluted | $0.01 | $-0.11 | $-0.16 | $-0.17 | $-0.16 | $0.00 |
| Weighted Average Number of Shares Outstanding, Diluted | 377,521 | 341,541 | 342,393 | 340,746 | 338,612 | 268,772 |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 125.39M | 164.09M | 98.90M | 247.97M | 47.98M | 35.72M |
| Assets, Current | 591.53M | 571.52M | 577.53M | 623.21M | 475.57M | 526.25M |
| Assets | 610.24M | 594.82M | 601.56M | 647.23M | 492.49M | 540.63M |
| Long-term Debt | 47.33M | 47.21M | 47.09M | 46.97M | — | — |
| Liabilities, Current | 79.52M | 82.23M | 68.13M | 66.36M | 52.77M | 58.24M |
| Liabilities | 290.68M | 289.11M | 275.68M | 274.32M | 73.03M | 76.84M |
| Stockholders' Equity Attributable to Parent | 319.56M | 305.72M | 325.88M | 372.91M | 419.46M | 463.79M |
| Common Stock, Shares, Outstanding | 346.50M | 346.50M | 337.84M | 337.84M | 337.84M | 337.84M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 5.07M | -29.73M | -143.69M | -90.81M | -42.63M | -46.30M |
| Net Cash Provided by (Used in) Investing Activities | -43.64M | 87.08M | 12.44M | 109.06M | 54.18M | 51.77M |
| Net Cash Provided by (Used in) Financing Activities | 44.00K | 8.06M | 194.47M | 193.97M | 548.00K | -900.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (NUVB CIK 0001811063),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.