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

NEKTAR THERAPEUTICS is the larger business by last-quarter revenue ($21.8M vs $14.2M, roughly 1.5× SuperCom Ltd). SuperCom Ltd runs the higher net margin — 37.5% vs -165.4%, a 202.9% gap on every dollar of revenue. On growth, SuperCom Ltd posted the faster year-over-year revenue change (-1.5% vs -25.3%). SuperCom Ltd produced more free cash flow last quarter ($-3.6M vs $-65.0M).

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...

Super.com is a technology company headquartered in San Francisco and co-founded by Hussein Fazal and Henry Shi. The company provides financial services, including reward programs and travel bookings.

NKTR vs SPCB — Head-to-Head

Bigger by revenue
NKTR
NKTR
1.5× larger
NKTR
$21.8M
$14.2M
SPCB
Growing faster (revenue YoY)
SPCB
SPCB
+23.8% gap
SPCB
-1.5%
-25.3%
NKTR
Higher net margin
SPCB
SPCB
202.9% more per $
SPCB
37.5%
-165.4%
NKTR
More free cash flow
SPCB
SPCB
$61.4M more FCF
SPCB
$-3.6M
$-65.0M
NKTR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
NKTR
NKTR
SPCB
SPCB
Revenue
$21.8M
$14.2M
Net Profit
$-36.1M
$5.3M
Gross Margin
61.2%
Operating Margin
-126.9%
16.3%
Net Margin
-165.4%
37.5%
Revenue YoY
-25.3%
-1.5%
Net Profit YoY
-596.9%
79.5%
EPS (diluted)
$-4.67
$1.32

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
SPCB
SPCB
Q4 25
$21.8M
Q3 25
$11.8M
Q2 25
$11.2M
$14.2M
Q1 25
$10.5M
Q4 24
$29.2M
Q3 24
$24.1M
Q2 24
$23.5M
$14.4M
Q1 24
$21.6M
Net Profit
NKTR
NKTR
SPCB
SPCB
Q4 25
$-36.1M
Q3 25
$-35.5M
Q2 25
$-41.6M
$5.3M
Q1 25
$-50.9M
Q4 24
$7.3M
Q3 24
$-37.1M
Q2 24
$-52.4M
$3.0M
Q1 24
$-36.8M
Gross Margin
NKTR
NKTR
SPCB
SPCB
Q4 25
Q3 25
Q2 25
61.2%
Q1 25
Q4 24
72.7%
Q3 24
81.6%
Q2 24
58.5%
52.3%
Q1 24
60.6%
Operating Margin
NKTR
NKTR
SPCB
SPCB
Q4 25
-126.9%
Q3 25
-268.6%
Q2 25
-324.2%
16.3%
Q1 25
-425.8%
Q4 24
49.2%
Q3 24
-142.4%
Q2 24
-211.9%
7.7%
Q1 24
-163.7%
Net Margin
NKTR
NKTR
SPCB
SPCB
Q4 25
-165.4%
Q3 25
-301.3%
Q2 25
-372.2%
37.5%
Q1 25
-486.4%
Q4 24
24.9%
Q3 24
-153.6%
Q2 24
-222.9%
20.6%
Q1 24
-170.1%
EPS (diluted)
NKTR
NKTR
SPCB
SPCB
Q4 25
$-4.67
Q3 25
$-1.87
Q2 25
$-2.95
$1.32
Q1 25
$-0.24
Q4 24
$-2.07
Q3 24
$-2.66
Q2 24
$-3.76
$1.19
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
NKTR
NKTR
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$15.1M
$15.0M
Total DebtLower is stronger
$23.6M
Stockholders' EquityBook value
$89.8M
$37.3M
Total Assets
$280.4M
$65.5M
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NKTR
NKTR
SPCB
SPCB
Q4 25
$15.1M
Q3 25
$41.0M
Q2 25
$43.0M
$15.0M
Q1 25
$38.9M
Q4 24
$44.3M
Q3 24
$30.1M
Q2 24
$27.9M
$5.7M
Q1 24
$48.6M
Total Debt
NKTR
NKTR
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$23.6M
Q1 25
Q4 24
Q3 24
Q2 24
$29.2M
Q1 24
Stockholders' Equity
NKTR
NKTR
SPCB
SPCB
Q4 25
$89.8M
Q3 25
$85.1M
Q2 25
$-24.2M
$37.3M
Q1 25
$13.7M
Q4 24
$60.7M
Q3 24
$48.9M
Q2 24
$79.7M
$13.8M
Q1 24
$126.7M
Total Assets
NKTR
NKTR
SPCB
SPCB
Q4 25
$280.4M
Q3 25
$301.3M
Q2 25
$207.5M
$65.5M
Q1 25
$256.2M
Q4 24
$303.9M
Q3 24
$308.0M
Q2 24
$343.3M
$49.6M
Q1 24
$396.0M
Debt / Equity
NKTR
NKTR
SPCB
SPCB
Q4 25
Q3 25
Q2 25
0.63×
Q1 25
Q4 24
Q3 24
Q2 24
2.11×
Q1 24

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
SPCB
SPCB
Operating Cash FlowLast quarter
$-65.0M
$-2.2M
Free Cash FlowOCF − Capex
$-65.0M
$-3.6M
FCF MarginFCF / Revenue
-298.0%
-25.3%
Capex IntensityCapex / Revenue
0.1%
10.0%
Cash ConversionOCF / Net Profit
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$-208.7M
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NKTR
NKTR
SPCB
SPCB
Q4 25
$-65.0M
Q3 25
$-48.8M
Q2 25
$-45.7M
$-2.2M
Q1 25
$-49.1M
Q4 24
$-46.2M
Q3 24
$-43.9M
Q2 24
$-37.7M
$-950.0K
Q1 24
$-47.9M
Free Cash Flow
NKTR
NKTR
SPCB
SPCB
Q4 25
$-65.0M
Q3 25
$-48.9M
Q2 25
$-45.8M
$-3.6M
Q1 25
$-49.1M
Q4 24
$-46.6M
Q3 24
$-44.6M
Q2 24
$-37.9M
$-1.6M
Q1 24
$-48.0M
FCF Margin
NKTR
NKTR
SPCB
SPCB
Q4 25
-298.0%
Q3 25
-414.5%
Q2 25
-409.6%
-25.3%
Q1 25
-469.0%
Q4 24
-159.9%
Q3 24
-184.9%
Q2 24
-161.3%
-10.8%
Q1 24
-222.0%
Capex Intensity
NKTR
NKTR
SPCB
SPCB
Q4 25
0.1%
Q3 25
1.0%
Q2 25
0.3%
10.0%
Q1 25
0.0%
Q4 24
1.6%
Q3 24
2.8%
Q2 24
0.8%
4.2%
Q1 24
0.7%
Cash Conversion
NKTR
NKTR
SPCB
SPCB
Q4 25
Q3 25
Q2 25
-0.41×
Q1 25
Q4 24
-6.36×
Q3 24
Q2 24
-0.32×
Q1 24

Financial Flow Comparison

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

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