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

Namib Minerals is the larger business by last-quarter revenue ($41.9M vs $21.8M, roughly 1.9× NEKTAR THERAPEUTICS). Namib Minerals produced more free cash flow last quarter ($7.4M vs $-65.0M).

Namib Minerals is a Namibia-based natural resources firm focused on exploration, development and extraction of high-demand mineral deposits including uranium, copper and lithium. It operates across licensed southern African sites, supplying raw materials to global clean energy, construction and electronics manufacturing sectors.

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...

NAMM vs NKTR — Head-to-Head

Bigger by revenue
NAMM
NAMM
1.9× larger
NAMM
$41.9M
$21.8M
NKTR
More free cash flow
NAMM
NAMM
$72.3M more FCF
NAMM
$7.4M
$-65.0M
NKTR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NAMM
NAMM
NKTR
NKTR
Revenue
$41.9M
$21.8M
Net Profit
$-36.1M
Gross Margin
45.7%
Operating Margin
29.8%
-126.9%
Net Margin
-165.4%
Revenue YoY
-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
NAMM
NAMM
NKTR
NKTR
Q4 25
$21.8M
Q3 25
$11.8M
Q2 25
$41.9M
$11.2M
Q1 25
$10.5M
Q4 24
$29.2M
Q3 24
$24.1M
Q2 24
$23.5M
Q1 24
$21.6M
Net Profit
NAMM
NAMM
NKTR
NKTR
Q4 25
$-36.1M
Q3 25
$-35.5M
Q2 25
$-41.6M
Q1 25
$-50.9M
Q4 24
$7.3M
Q3 24
$-37.1M
Q2 24
$-52.4M
Q1 24
$-36.8M
Gross Margin
NAMM
NAMM
NKTR
NKTR
Q4 25
Q3 25
Q2 25
45.7%
Q1 25
Q4 24
72.7%
Q3 24
81.6%
Q2 24
58.5%
Q1 24
60.6%
Operating Margin
NAMM
NAMM
NKTR
NKTR
Q4 25
-126.9%
Q3 25
-268.6%
Q2 25
29.8%
-324.2%
Q1 25
-425.8%
Q4 24
49.2%
Q3 24
-142.4%
Q2 24
-211.9%
Q1 24
-163.7%
Net Margin
NAMM
NAMM
NKTR
NKTR
Q4 25
-165.4%
Q3 25
-301.3%
Q2 25
-372.2%
Q1 25
-486.4%
Q4 24
24.9%
Q3 24
-153.6%
Q2 24
-222.9%
Q1 24
-170.1%
EPS (diluted)
NAMM
NAMM
NKTR
NKTR
Q4 25
$-4.67
Q3 25
$-1.87
Q2 25
$-2.95
Q1 25
$-0.24
Q4 24
$-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
NAMM
NAMM
NKTR
NKTR
Cash + ST InvestmentsLiquidity on hand
$15.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$89.8M
Total Assets
$280.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAMM
NAMM
NKTR
NKTR
Q4 25
$15.1M
Q3 25
$41.0M
Q2 25
$43.0M
Q1 25
$38.9M
Q4 24
$44.3M
Q3 24
$30.1M
Q2 24
$27.9M
Q1 24
$48.6M
Stockholders' Equity
NAMM
NAMM
NKTR
NKTR
Q4 25
$89.8M
Q3 25
$85.1M
Q2 25
$-24.2M
Q1 25
$13.7M
Q4 24
$60.7M
Q3 24
$48.9M
Q2 24
$79.7M
Q1 24
$126.7M
Total Assets
NAMM
NAMM
NKTR
NKTR
Q4 25
$280.4M
Q3 25
$301.3M
Q2 25
$207.5M
Q1 25
$256.2M
Q4 24
$303.9M
Q3 24
$308.0M
Q2 24
$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
NAMM
NAMM
NKTR
NKTR
Operating Cash FlowLast quarter
$11.4M
$-65.0M
Free Cash FlowOCF − Capex
$7.4M
$-65.0M
FCF MarginFCF / Revenue
17.6%
-298.0%
Capex IntensityCapex / Revenue
9.6%
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
NAMM
NAMM
NKTR
NKTR
Q4 25
$-65.0M
Q3 25
$-48.8M
Q2 25
$11.4M
$-45.7M
Q1 25
$-49.1M
Q4 24
$-46.2M
Q3 24
$-43.9M
Q2 24
$-37.7M
Q1 24
$-47.9M
Free Cash Flow
NAMM
NAMM
NKTR
NKTR
Q4 25
$-65.0M
Q3 25
$-48.9M
Q2 25
$7.4M
$-45.8M
Q1 25
$-49.1M
Q4 24
$-46.6M
Q3 24
$-44.6M
Q2 24
$-37.9M
Q1 24
$-48.0M
FCF Margin
NAMM
NAMM
NKTR
NKTR
Q4 25
-298.0%
Q3 25
-414.5%
Q2 25
17.6%
-409.6%
Q1 25
-469.0%
Q4 24
-159.9%
Q3 24
-184.9%
Q2 24
-161.3%
Q1 24
-222.0%
Capex Intensity
NAMM
NAMM
NKTR
NKTR
Q4 25
0.1%
Q3 25
1.0%
Q2 25
9.6%
0.3%
Q1 25
0.0%
Q4 24
1.6%
Q3 24
2.8%
Q2 24
0.8%
Q1 24
0.7%
Cash Conversion
NAMM
NAMM
NKTR
NKTR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-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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