Nuvation Bio Inc. (NUVB)

Nuvation Bio Inc., a clinical-stage biopharmaceutical company, focuses on developing product candidates for cancer treatment. The company's lead product candidate is IBTROZI (taletrectinib), a ROS1 inhibitor for the treatment of patients with ROS1+ non-small cell lung cancer. It is also developing Safusidenib, an inhibitor of mutant isocitrate dehydrogenase 1 in phase 3 clinical trials for the maintenance treatment of high-risk or high-grade IDH1-mutant astrocytoma with safusidenib against placebo. The company was founded in 2018 and is headquartered in New York, New York.

Symbol
NUVB
Exchange
NYSE
Sector
Healthcare
Industry
Biotechnology
Market cap
$2.11B
52 week range
2.99 - 9.75

Valuation

Share price
$5.71 (close of 2026-09-23)
P/E (TTM)
-14.19x
Price to book
8.33x
Price to free cash flow
-17.54x
Enterprise value
$2.11B
Book value per share
$0.73

Price performance

PeriodChange
1 day-5.93%
5 days-1.55%
1 month-17.60%
3 months-5.46%
6 months+31.26%
Year to date-36.27%
1 year+77.33%
3 years+329.32%
5 years-39.90%
All time-41.13%

Profitability and growth

Return on equity
-66.93%
Return on invested capital
-107.08%
Return on assets
-34.40%
Return on capital employed
-41.57%
Gross margin
85.22%
Net margin
-325.31%
EBITDA margin
-335.96%
Revenue growth
698.96%
Net income growth
63.97%
Free cash flow growth
-32.98%

Cash flow and balance sheet

Free cash flow yield (TTM)
-5.70%
Current ratio
8.37x
Net debt to EBITDA
0.05x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$62.90M
Cost of revenue
$9.30M
Gross profit
$53.60M
EBITDA
$-211.32M
Net income
$-204.63M
Earnings per share
$-0.60
Research and development
$115.11M
Shares outstanding
341.54K

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$62.90M$53.60M$-204.63M$-0.60
2024-12-31$7.87M$795.00K$-567.94M$-2.11
2023-12-31--$-75.80M$-0.35
2022-12-31--$-104.20M$-0.48
2021-12-31--$-86.85M$-0.44
2020-12-31--$-41.66M$-0.43

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3185.22%-325.31%-66.93%-107.08%
2024-12-3110.10%-7213.76%-122.46%-135.62%
2023-12-31---12.53%-17.62%
2022-12-31---15.91%-21.45%
2021-12-31---11.64%-15.13%
2020-12-31---19.37%-22.99%

Cash and debt by year

Period endCashDebt
2025-12-31$164.09M$47.21M
2024-12-31$35.72M-
2023-12-31$42.65M-
2022-12-31$101.10M-
2021-12-31$132.42M-
2020-12-31$29.75M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-173.43M$35.89M
2024-12-31$-130.41M$32.27M
2023-12-31$-68.00M$19.51M
2022-12-31$-96.11M$16.29M
2021-12-31$-68.19M$9.27M
2020-12-31$-36.53M$2.20M

Investor relations

Next earnings report

Next confirmed report
2026-11-02

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-06Jun/2026-
2026-05-04--
2026-03-02--
2025-11-03--
2025-08-07--
2025-05-07--
2025-03-06--
2024-11-06--

Filings and sources

Company website
nuvationbio.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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