vs

Side-by-side financial comparison of NEKTAR THERAPEUTICS (NKTR) and SYNCHRONOSS TECHNOLOGIES INC (SNCR). Click either name above to swap in a different company.

SYNCHRONOSS TECHNOLOGIES INC is the larger business by last-quarter revenue ($42.0M vs $21.8M, roughly 1.9× NEKTAR THERAPEUTICS). SYNCHRONOSS TECHNOLOGIES INC runs the higher net margin — 13.8% vs -165.4%, a 179.3% gap on every dollar of revenue. On growth, SYNCHRONOSS TECHNOLOGIES INC posted the faster year-over-year revenue change (-2.2% vs -25.3%). SYNCHRONOSS TECHNOLOGIES INC produced more free cash flow last quarter ($39.0M vs $-65.0M). Over the past eight quarters, SYNCHRONOSS TECHNOLOGIES INC's revenue compounded faster (0.7% CAGR vs 0.4%).

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...

Synchronoss Technologies Inc develops cloud-based digital transformation, subscriber management and messaging solutions for global telecom operators and enterprise clients. Its core offerings support connectivity onboarding, IoT service enablement, with key markets spanning North America, Europe and Asia-Pacific.

NKTR vs SNCR — Head-to-Head

Bigger by revenue
SNCR
SNCR
1.9× larger
SNCR
$42.0M
$21.8M
NKTR
Growing faster (revenue YoY)
SNCR
SNCR
+23.0% gap
SNCR
-2.2%
-25.3%
NKTR
Higher net margin
SNCR
SNCR
179.3% more per $
SNCR
13.8%
-165.4%
NKTR
More free cash flow
SNCR
SNCR
$104.0M more FCF
SNCR
$39.0M
$-65.0M
NKTR
Faster 2-yr revenue CAGR
SNCR
SNCR
Annualised
SNCR
0.7%
0.4%
NKTR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NKTR
NKTR
SNCR
SNCR
Revenue
$21.8M
$42.0M
Net Profit
$-36.1M
$5.8M
Gross Margin
79.4%
Operating Margin
-126.9%
14.0%
Net Margin
-165.4%
13.8%
Revenue YoY
-25.3%
-2.2%
Net Profit YoY
-596.9%
201.7%
EPS (diluted)
$-4.67
$0.51

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
NKTR
NKTR
SNCR
SNCR
Q4 25
$21.8M
Q3 25
$11.8M
$42.0M
Q2 25
$11.2M
$42.5M
Q1 25
$10.5M
$42.2M
Q4 24
$29.2M
$44.2M
Q3 24
$24.1M
$43.0M
Q2 24
$23.5M
$43.5M
Q1 24
$21.6M
$43.0M
Net Profit
NKTR
NKTR
SNCR
SNCR
Q4 25
$-36.1M
Q3 25
$-35.5M
$5.8M
Q2 25
$-41.6M
$-19.6M
Q1 25
$-50.9M
$-3.8M
Q4 24
$7.3M
$7.9M
Q3 24
$-37.1M
$-5.7M
Q2 24
$-52.4M
$-494.0K
Q1 24
$-36.8M
$4.5M
Gross Margin
NKTR
NKTR
SNCR
SNCR
Q4 25
Q3 25
79.4%
Q2 25
79.0%
Q1 25
79.4%
Q4 24
72.7%
78.6%
Q3 24
81.6%
79.1%
Q2 24
58.5%
76.1%
Q1 24
60.6%
76.2%
Operating Margin
NKTR
NKTR
SNCR
SNCR
Q4 25
-126.9%
Q3 25
-268.6%
14.0%
Q2 25
-324.2%
16.1%
Q1 25
-425.8%
19.5%
Q4 24
49.2%
16.5%
Q3 24
-142.4%
12.8%
Q2 24
-211.9%
9.9%
Q1 24
-163.7%
10.7%
Net Margin
NKTR
NKTR
SNCR
SNCR
Q4 25
-165.4%
Q3 25
-301.3%
13.8%
Q2 25
-372.2%
-46.1%
Q1 25
-486.4%
-9.0%
Q4 24
24.9%
17.8%
Q3 24
-153.6%
-13.3%
Q2 24
-222.9%
-1.1%
Q1 24
-170.1%
10.4%
EPS (diluted)
NKTR
NKTR
SNCR
SNCR
Q4 25
$-4.67
Q3 25
$-1.87
$0.51
Q2 25
$-2.95
$-1.87
Q1 25
$-0.24
$-0.37
Q4 24
$-2.07
$0.75
Q3 24
$-2.66
$-0.56
Q2 24
$-3.76
$0.01
Q1 24
$-0.19
$0.23

Balance Sheet & Financial Strength

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

Metric
NKTR
NKTR
SNCR
SNCR
Cash + ST InvestmentsLiquidity on hand
$15.1M
$34.8M
Total DebtLower is stronger
$163.2M
Stockholders' EquityBook value
$89.8M
$55.4M
Total Assets
$280.4M
$278.2M
Debt / EquityLower = less leverage
2.95×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NKTR
NKTR
SNCR
SNCR
Q4 25
$15.1M
Q3 25
$41.0M
$34.8M
Q2 25
$43.0M
$24.6M
Q1 25
$38.9M
$29.1M
Q4 24
$44.3M
$33.4M
Q3 24
$30.1M
$25.2M
Q2 24
$27.9M
$23.6M
Q1 24
$48.6M
$19.1M
Total Debt
NKTR
NKTR
SNCR
SNCR
Q4 25
Q3 25
$163.2M
Q2 25
$186.2M
Q1 25
$187.0M
Q4 24
$186.7M
Q3 24
$186.4M
Q2 24
$186.2M
Q1 24
$136.6M
Stockholders' Equity
NKTR
NKTR
SNCR
SNCR
Q4 25
$89.8M
Q3 25
$85.1M
$55.4M
Q2 25
$-24.2M
$49.4M
Q1 25
$13.7M
$35.4M
Q4 24
$60.7M
$29.8M
Q3 24
$48.9M
$35.3M
Q2 24
$79.7M
$30.6M
Q1 24
$126.7M
$24.0M
Total Assets
NKTR
NKTR
SNCR
SNCR
Q4 25
$280.4M
Q3 25
$301.3M
$278.2M
Q2 25
$207.5M
$291.4M
Q1 25
$256.2M
$293.3M
Q4 24
$303.9M
$293.8M
Q3 24
$308.0M
$299.7M
Q2 24
$343.3M
$295.7M
Q1 24
$396.0M
$298.5M
Debt / Equity
NKTR
NKTR
SNCR
SNCR
Q4 25
Q3 25
2.95×
Q2 25
3.77×
Q1 25
5.28×
Q4 24
6.27×
Q3 24
5.28×
Q2 24
6.08×
Q1 24
5.70×

Cash Flow & Capital Efficiency

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

Metric
NKTR
NKTR
SNCR
SNCR
Operating Cash FlowLast quarter
$-65.0M
$39.4M
Free Cash FlowOCF − Capex
$-65.0M
$39.0M
FCF MarginFCF / Revenue
-298.0%
92.9%
Capex IntensityCapex / Revenue
0.1%
0.9%
Cash ConversionOCF / Net Profit
6.77×
TTM Free Cash FlowTrailing 4 quarters
$-208.7M
$53.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NKTR
NKTR
SNCR
SNCR
Q4 25
$-65.0M
Q3 25
$-48.8M
$39.4M
Q2 25
$-45.7M
$2.3M
Q1 25
$-49.1M
$293.0K
Q4 24
$-46.2M
$13.1M
Q3 24
$-43.9M
$3.4M
Q2 24
$-37.7M
$11.3M
Q1 24
$-47.9M
$527.0K
Free Cash Flow
NKTR
NKTR
SNCR
SNCR
Q4 25
$-65.0M
Q3 25
$-48.9M
$39.0M
Q2 25
$-45.8M
$2.0M
Q1 25
$-49.1M
$-31.0K
Q4 24
$-46.6M
$12.2M
Q3 24
$-44.6M
$3.2M
Q2 24
$-37.9M
$10.9M
Q1 24
$-48.0M
$10.0K
FCF Margin
NKTR
NKTR
SNCR
SNCR
Q4 25
-298.0%
Q3 25
-414.5%
92.9%
Q2 25
-409.6%
4.6%
Q1 25
-469.0%
-0.1%
Q4 24
-159.9%
27.6%
Q3 24
-184.9%
7.5%
Q2 24
-161.3%
25.2%
Q1 24
-222.0%
0.0%
Capex Intensity
NKTR
NKTR
SNCR
SNCR
Q4 25
0.1%
Q3 25
1.0%
0.9%
Q2 25
0.3%
0.8%
Q1 25
0.0%
0.8%
Q4 24
1.6%
1.9%
Q3 24
2.8%
0.3%
Q2 24
0.8%
0.9%
Q1 24
0.7%
1.2%
Cash Conversion
NKTR
NKTR
SNCR
SNCR
Q4 25
Q3 25
6.77×
Q2 25
Q1 25
Q4 24
-6.36×
1.66×
Q3 24
Q2 24
Q1 24
0.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NKTR
NKTR

Segment breakdown not available.

SNCR
SNCR

Subscription Services$39.4M94%
Professional Services$2.6M6%

Related Comparisons