---
title: "Nkarta Inc. Financial Metrics Guide"
description: "Nkarta Inc. revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained."
canonical: https://www.getswoopr.com/stocks/companies/nkarta-inc/financial-metrics/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Nkarta Inc. Financial Metrics Guide

## Direct Answer

> Nkarta Inc. reported revenue of $0 for the fiscal year ended December 31, 2025, net income of -$104 million, according to its SEC filings.

## What Are Nkarta Inc.'s Key Financial Figures?

| Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 |
| --- | --- | --- |
| Revenue | $0 | $0 |
| Operating income | -$122 million | -$128 million |
| Operating margin | n/a | n/a |
| Net income | -$104 million | -$109 million |
| Net margin | n/a | n/a |
| Operating cash flow | -$89 million | -$100 million |
| Capital expenditures | $1 million | $4 million |
| Free cash flow | -$90 million | -$104 million |

Free cash flow (operating cash flow minus capital expenditures) was -$90 million against net income of -$104 million; cash generation covered reported earnings.

![Bar chart of Nkarta Inc. revenue, operating income, net income for fiscal 2024 to 2025. In fiscal 2025, revenue was $0, operating income negative $122 million and net income negative $104 million.](https://www.getswoopr.com/images/charts/nkarta-inc-metrics-revenue-profit.webp)
*Nkarta Inc. revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.*

![Bar chart of Nkarta Inc. operating cash flow, capital expenditures, free cash flow for fiscal 2024 to 2025. In fiscal 2025, operating cash flow was negative $89 million, capital expenditures was $1 million, free cash flow was negative $90 million.](https://www.getswoopr.com/images/charts/nkarta-inc-metrics-cash-flow.webp)
*Nkarta Inc. operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.*

## What Does Nkarta Inc.'s Balance Sheet Show?

| Cash and cash equivalents | $40 million |
| --- | --- |
| Long-term debt | Not reported |
| Total assets | $404 million |
| Total liabilities | $92 million |
| Shareholders' equity | $312 million |
| Current ratio | 12.7x |

Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.

## Where These Numbers Come From

Every figure on this page is a value Nkarta Inc. reported in its own SEC filings, read from the SEC's XBRL data (accession 0001787400-26-000006 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.

Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What was Nkarta Inc.'s revenue in fiscal 2025?

Nkarta Inc. reported revenue of $0 for the fiscal year ended December 31, 2025, according to its SEC filings.

### What is Nkarta Inc.'s operating margin?

Nkarta Inc. did not report operating income under the standard tag for fiscal 2025, so Swoopr does not compute an operating margin; the income statement in its 10-K shows how it presents profit.

### How much free cash flow did Nkarta Inc. generate?

Operating cash flow of -$89 million less capital expenditures of $1 million gives free cash flow of -$90 million for fiscal 2025.

## References

- [SEC EDGAR: Nkarta, Inc. Form 10-K filed March 25, 2026](https://www.sec.gov/Archives/edgar/data/1787400/000178740026000006/nktx-20251231.htm)
- [SEC EDGAR: Nkarta, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1787400&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)

## Related Pages

- [Nkarta Inc. company dossier](https://www.getswoopr.com/stocks/companies/nkarta-inc/)
- [Nkarta Inc. financial metrics](https://www.getswoopr.com/stocks/companies/nkarta-inc/financial-metrics/)
- [Nkarta Inc. financial risk indicators](https://www.getswoopr.com/stocks/companies/nkarta-inc/risks-monitoring/)
- [Nkarta Inc. business model and revenue mix](https://www.getswoopr.com/stocks/companies/nkarta-inc/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)

Swoopr's editorial team produces independent investment education content. Content is for educational purposes only and does not constitute personalized investment advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).