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NYSE · Healthcare

Nuvation Bio Inc. (NUVB)

As-reported financials and SEC filings for Nuvation Bio Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Nuvation Bio Inc.

Nuvation Bio Inc. is a global oncology company that develops and commercializes therapies for cancer treatment. Its main product, IBTROZI (taletrectinib), is an oral drug approved for treating adult patients with locally advanced or metastatic ROS1-positive non-small cell lung cancer. The company serves patients worldwide and collaborates with partners to commercialize its therapies in the U.S., Japan, China, and Europe.

Snapshot

Revenue
$62.9M
Revenue growth (YoY)
699.0%
Net income
$-204.6M
Diluted EPS
$-0.60
Gross margin
Operating margin
Net margin
FCF margin
ROE
-66.9%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$2.34B
Long-term debt / equity
0.15×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Nuvation Bio

  • Revenue grew 699.0% to $63M in FY2025.
  • Most recent quarter Q2 FY2026: revenue $32M, up 555.6% from Q2 FY2025.
  • Net loss narrowed to $205M in FY2025, from $568M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Nuvation Bio’s fundamentals sit among the 198 pharmaceutical companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Revenue growth (YoY)+699.0%
96th percentile of 187
ROE-66.9%
25th percentile of 167
Long-term debt / equity0.15×
27th percentile of 64
Short interest8.87d
67th percentile of 197

Nuvation Bio’s revenue growth of +699.0% ranks in the 96th percentile of the 187 pharmaceutical companies reporting it.

1 reported insider purchase (code P) totaling $118,250 in the last 90 days, against 4 sales totaling $2.1M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$75.0M
reported long value
InvestorAs ofPosition valueSharesChange
Duquesne Family OfficeQ2 2026$25.8M4.5MHeld
AQR Capital ManagementquantQ2 2026$13.4M2.4MAdded
Citadel AdvisorsquantQ2 2026$11.3M2.0MReduced
Renaissance TechnologiesquantQ2 2026$7.6M1.3MAdded
Two Sigma InvestmentsquantQ2 2026$7.1M1.2MReduced
D. E. ShawquantQ2 2026$6.5M1.1MAdded
Millennium ManagementquantQ2 2026$2.1M372.9KReduced
Gotham Asset ManagementQ2 2026$1.0M182.2KNew
Greenlight CapitalQ2 2026$198,77235.0KHeld

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$118K
code P value
Sells (90d)
4
$2.1M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-19
filed 2026-08-21
Hattersley GaryCHIEF SCIENTIFIC OFFICERSell100.0K$7.09$709K
2026-06-23
filed 2026-06-24
Markel StacyCHIEF PEOPLE OFFICERSell125.0K$6.03$753K
2026-06-23
filed 2026-06-24
Wentworth KerryCHIEF REGULATORY OFFICERSell63.0K$6.02$379K
2026-06-23
filed 2026-06-24
Sauvage PhilippeChief Financial OfficerSell47.7K$6.01$286K
2026-06-09
filed 2026-06-11
Mashal RobertDirectorBuy25.0K$4.73$118K
2026-04-17
filed 2026-04-21
Liu DongfangCHIEF MEDICAL OFFICERSell50.0K$5.02$251K
2026-04-17
filed 2026-04-21
Wentworth KerryCHIEF REGULATORY OFFICERSell36.8K$5.01$184K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
53.2M
settled 2026-08-14
Change vs prior
-0.4%
vs previous settlement
Days to cover
8.87
at avg daily volume
Avg daily volume
6.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1453.2M-0.4%8.87
2026-07-3153.4M-4.0%8.70
2026-07-1555.7M+2.4%8.03
2026-06-3054.4M+11.1%4.64
2026-06-1548.9M-8.8%9.63
2026-05-2953.7M+4.2%14.35
2026-05-1551.5M+1.7%9.96
2026-04-3050.6M+0.7%13.02

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$62.9M$7.9M$0
Gross profit$795,000
Operating income$-213.1M$-592.6M$-99.8M$-119.7M$-93.3M
Net income$-204.6M$-567.9M$-75.8M$-104.2M$-86.8M
Diluted EPS$-0.60$-2.11$-0.35$-0.48$-0.44

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$164.1M$35.7M$42.6M$101.1M$132.4M
Current assets$571.5M$526.3M$616.4M$667.3M$772.1M
Total assets$594.8M$540.6M$621.5M$672.1M$776.2M
Current liabilities$82.2M$58.2M$14.0M$13.2M$16.9M
Long-term debt$47.2M
Total liabilities$289.1M$76.8M$16.4M$17.1M$30.2M
Total equity$305.7M$463.8M$605.1M$655.1M$746.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-173.4M$-130.4M$-68.0M$-96.1M$-68.2M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$31.7M555.6%$-62.8M$-0.18
Q1 FY2026$83.2M2598.7%$5.4M$0.01
Q4 FY2025$41.9M633.1%$-36.6M
Q3 FY2025$13.1M1704.7%$-55.8M$-0.16
Q2 FY2025$4.8M236.8%$-59.0M$-0.17
Q1 FY2025$3.1M$-53.2M$-0.16
Q4 FY2024$5.7M$-49.4M
Q3 FY2024$727,000$-41.2M$-0.15

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industryPharmaceutical Preparations
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK1811063

Selected SEC filings

10-Q2026-08-06
View on EDGAR →
10-Q2026-05-04
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-07-06
View on EDGAR →
8-K2026-06-30
View on EDGAR →
8-K2026-05-27
View on EDGAR →

Largest pharmaceutical peers

All pharmaceutical stocksAll Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.