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Side-by-side financial comparison of MicroAlgo Inc. (MLGO) and NEKTAR THERAPEUTICS (NKTR). Click either name above to swap in a different company.

MicroAlgo Inc. is the larger business by last-quarter revenue ($26.3M vs $21.8M, roughly 1.2× NEKTAR THERAPEUTICS). On growth, NEKTAR THERAPEUTICS posted the faster year-over-year revenue change (-25.3% vs -35.5%).

MicroAlgo Inc. is a technology enterprise specializing in custom algorithm optimization solutions. It mainly serves clients across smart city management, industrial internet, and e-commerce sectors, helping enterprises improve operational efficiency, reduce operating costs, and optimize data processing performance for real business scenarios.

Nektar Therapeutics is an American biopharmaceutical company. The company was founded in 1990 and is based in San Francisco, California. The company develops new drug candidates by applying its proprietary PEGylation and advanced polymer conjugate technologies to modify chemical structure of substances, which improves drug characteristics like retention and solubility. It is a technology supplier to a number of pharmaceutical companies including Affymax, Amgen, Merck, Pfizer and UCB Pharma, e...

MLGO vs NKTR — Head-to-Head

Bigger by revenue
MLGO
MLGO
1.2× larger
MLGO
$26.3M
$21.8M
NKTR
Growing faster (revenue YoY)
NKTR
NKTR
+10.3% gap
NKTR
-25.3%
-35.5%
MLGO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
MLGO
MLGO
NKTR
NKTR
Revenue
$26.3M
$21.8M
Net Profit
$-36.1M
Gross Margin
Operating Margin
-126.9%
Net Margin
-165.4%
Revenue YoY
-35.5%
-25.3%
Net Profit YoY
-596.9%
EPS (diluted)
$-4.67

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MLGO
MLGO
NKTR
NKTR
Q4 25
$21.8M
Q3 25
$11.8M
Q2 25
$26.3M
$11.2M
Q1 25
$10.5M
Q4 24
$34.6M
$29.2M
Q3 24
$24.1M
Q2 24
$40.8M
$23.5M
Q1 24
$21.6M
Net Profit
MLGO
MLGO
NKTR
NKTR
Q4 25
$-36.1M
Q3 25
$-35.5M
Q2 25
$-41.6M
Q1 25
$-50.9M
Q4 24
$4.2M
$7.3M
Q3 24
$-37.1M
Q2 24
$-52.4M
Q1 24
$-36.8M
Gross Margin
MLGO
MLGO
NKTR
NKTR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
26.4%
72.7%
Q3 24
81.6%
Q2 24
58.5%
Q1 24
60.6%
Operating Margin
MLGO
MLGO
NKTR
NKTR
Q4 25
-126.9%
Q3 25
-268.6%
Q2 25
-324.2%
Q1 25
-425.8%
Q4 24
7.0%
49.2%
Q3 24
-142.4%
Q2 24
-211.9%
Q1 24
-163.7%
Net Margin
MLGO
MLGO
NKTR
NKTR
Q4 25
-165.4%
Q3 25
-301.3%
Q2 25
-372.2%
Q1 25
-486.4%
Q4 24
12.1%
24.9%
Q3 24
-153.6%
Q2 24
-222.9%
Q1 24
-170.1%
EPS (diluted)
MLGO
MLGO
NKTR
NKTR
Q4 25
$-4.67
Q3 25
$-1.87
Q2 25
$-2.95
Q1 25
$-0.24
Q4 24
$0.56
$-2.07
Q3 24
$-2.66
Q2 24
$-3.76
Q1 24
$-0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MLGO
MLGO
NKTR
NKTR
Cash + ST InvestmentsLiquidity on hand
$319.4M
$15.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$317.6M
$89.8M
Total Assets
$330.8M
$280.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLGO
MLGO
NKTR
NKTR
Q4 25
$15.1M
Q3 25
$41.0M
Q2 25
$319.4M
$43.0M
Q1 25
$38.9M
Q4 24
$164.9M
$44.3M
Q3 24
$30.1M
Q2 24
$66.7M
$27.9M
Q1 24
$48.6M
Stockholders' Equity
MLGO
MLGO
NKTR
NKTR
Q4 25
$89.8M
Q3 25
$85.1M
Q2 25
$317.6M
$-24.2M
Q1 25
$13.7M
Q4 24
$144.9M
$60.7M
Q3 24
$48.9M
Q2 24
$76.0M
$79.7M
Q1 24
$126.7M
Total Assets
MLGO
MLGO
NKTR
NKTR
Q4 25
$280.4M
Q3 25
$301.3M
Q2 25
$330.8M
$207.5M
Q1 25
$256.2M
Q4 24
$176.3M
$303.9M
Q3 24
$308.0M
Q2 24
$107.6M
$343.3M
Q1 24
$396.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MLGO
MLGO
NKTR
NKTR
Operating Cash FlowLast quarter
$-65.0M
Free Cash FlowOCF − Capex
$-65.0M
FCF MarginFCF / Revenue
-298.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-208.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLGO
MLGO
NKTR
NKTR
Q4 25
$-65.0M
Q3 25
$-48.8M
Q2 25
$-45.7M
Q1 25
$-49.1M
Q4 24
$4.8M
$-46.2M
Q3 24
$-43.9M
Q2 24
$-37.7M
Q1 24
$-47.9M
Free Cash Flow
MLGO
MLGO
NKTR
NKTR
Q4 25
$-65.0M
Q3 25
$-48.9M
Q2 25
$-45.8M
Q1 25
$-49.1M
Q4 24
$4.8M
$-46.6M
Q3 24
$-44.6M
Q2 24
$-37.9M
Q1 24
$-48.0M
FCF Margin
MLGO
MLGO
NKTR
NKTR
Q4 25
-298.0%
Q3 25
-414.5%
Q2 25
-409.6%
Q1 25
-469.0%
Q4 24
13.8%
-159.9%
Q3 24
-184.9%
Q2 24
-161.3%
Q1 24
-222.0%
Capex Intensity
MLGO
MLGO
NKTR
NKTR
Q4 25
0.1%
Q3 25
1.0%
Q2 25
0.3%
Q1 25
0.0%
Q4 24
0.0%
1.6%
Q3 24
2.8%
Q2 24
0.0%
0.8%
Q1 24
0.7%
Cash Conversion
MLGO
MLGO
NKTR
NKTR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.15×
-6.36×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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