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.

Ticker
NUVB
Exchange
NYSE
Sector
Healthcare
Industry
Biotechnology
Market cap
$1.44B
52-week range
$3.97 - $9.75

Valuation

Share price
$4.16 (close of Nov 6, 2026)
P/E (TTM)
-10.67x
Price to book
6.32x
Price to free cash flow
-13.57x
Enterprise value
$1.59B
Book value per share
$0.66

Price performance

PeriodChange
1 day-0.72%
5 days-12.61%
1 month-14.75%
3 months-31.91%
6 months-17.46%
Year to date-53.57%
1 year-17.13%
3 years+215.15%
5 years-54.78%
All time-57.11%

Short interest

As of
Oct 15, 2026
Short % of float
29.65%
Shares short
63.22M
Days to cover
9.66
Change since prior report
+7.40%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
-66.93%
Return on invested capital
-58.68%
Return on assets
-34.40%
Return on capital employed
-41.57%
Gross margin
85.22%
Net margin
-325.31%
EBITDA margin
-335.96%

Cash flow and balance sheet

Free cash flow yield (TTM)
-7.37%
Current ratio
7.45x
Net debt to EBITDA
-1.36x

Latest reported year

Period end
Dec 31, 2025
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
Interest expense
$13.68M
Shares outstanding
341.54M

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%-58.68%
2024-12-3110.10%-7,213.76%-122.46%-125.37%
2023-12-31---12.53%-16.39%
2022-12-31---15.91%-18.16%
2021-12-31---11.64%-12.46%
2020-12-31---19.37%-19.87%

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-
2019-12-31$3.47M-
2018-12-31$138.00K-

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
2019-12-31-$25.09M-
2018-12-31-$616.00K-

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-04Sep 2026-$0.11
2026-08-06Jun 2026-$0.15
2026-05-04Mar 2026$0.12
2026-03-02Dec 2025-$0.11
2025-11-03Sep 2025-$0.17
2025-08-07Jun 2025-$0.17
2025-05-07Mar 2025-$0.16
2025-03-06Dec 2024-$0.14

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 · Short interest · 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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