NextCure, Inc. (NXTC) Key Metrics
NXTC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $28.6M
- Enterprise value
- $5.6M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 9.5
- Price / book
- 1.8 10-yr median 0.7
- EV / EBITDA
- 0.5
- Dividend yield
- —
- Beta
- 1.35
NXTC key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNXTC valuation Price multiples at each fiscal year-end price.
Price / book+250.5%
1.2
2025 · hover or tap a bar for each year
20172025
Free cash flow yield+68.5 pts
−123.0%
2025 · hover or tap a bar for each year
20172025
NXTC returns How much profit the business earns on the capital it uses.
Return on equity−49.4 pts
−111.2%
2025 · hover or tap a bar for each year
20172025
Return on assets−31.9 pts
−85.2%
2025 · hover or tap a bar for each year
20172025
Asset turnover
0.00
2025 · hover or tap a bar for each year
20172025
NXTC per-share figures Results divided by the shares outstanding at year-end.
Revenue per share
$0.00
2025 · hover or tap a bar for each year
20172025
Earnings per share
−$19.65
2025 · hover or tap a bar for each year
20172025
Free cash flow per share
−$17.45
2025 · hover or tap a bar for each year
20172025
Book value per share−56.2%
$12.29
2025 · hover or tap a bar for each year
20172025
Shares outstanding+22.0%
2.8M
2025 · hover or tap a bar for each year
20172025
NXTC financial health Debt, liquidity and how easily interest is covered.
Debt / equity+62.3%
0.15
2025 · hover or tap a bar for each year
20172025
Net debt+$26.0M
−$36.7M
2025 · hover or tap a bar for each year
20172025
Current ratio−44.8%
4.14
2025 · hover or tap a bar for each year
20172025
Debt / assets+39.6%
0.10
2025 · hover or tap a bar for each year
20172025
NXTC efficiency & capital use Working capital cycle and where the cash goes.
Days payables outstanding+126 days
615 days
2025 · hover or tap a bar for each year
20172025
NXTC valuation history
Fiscal year-endToday9-year median
NXTC returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NXTC debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NXTC price vs earnings per share
Share price at year-endEPS (right axis)
NXTC key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | $40.3M | $21.6M | $31.7M | $39.1M | $165.7M | $300.1M | $884.1M | — | — |
| Enterprise value | $3.7M | −$41.1M | −$70.0M | −$113.7M | −$53.9M | $20.1M | $554.7M | — | — |
| Price / sales | — | — | — | — | — | 13.4 | 139.3 | — | — |
| Price / book | 1.2 | 0.3 | 0.3 | 0.2 | 0.7 | 1.0 | 2.8 | — | — |
| EV / sales | — | — | — | — | — | 0.9 | 87.4 | — | — |
| Earnings yield | −138.5% | −258.1% | −197.7% | −177.5% | −41.9% | −11.1% | −3.8% | — | — |
| Free cash flow yield | −123.0% | −191.5% | −169.5% | −143.2% | −36.0% | −17.4% | −4.4% | — | — |
| Shareholder yield (dividends + buybacks) | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Share price at fiscal year-end | $14.19 | $9.25 | $13.68 | $16.92 | $72.00 | $130.80 | $675.96 | — | — |
| Per share | |||||||||
| Revenue per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $9.75 | $4.85 | $0.00 | $0.00 |
| Earnings per share | −$19.65 | −$23.88 | −$27.04 | −$30.03 | −$30.15 | −$14.47 | −$25.79 | −$12.04 | −$8.17 |
| Operating cash flow per share | −$17.45 | −$17.51 | −$22.84 | −$23.31 | −$24.87 | −$19.59 | −$27.24 | $4.22 | −$6.61 |
| Free cash flow per share | −$17.45 | −$17.71 | −$23.19 | −$24.22 | −$25.90 | −$22.70 | −$29.81 | $2.60 | −$11.18 |
| Cash per share | $14.71 | $29.45 | $46.69 | $69.17 | $95.42 | $123.54 | $255.82 | $71.41 | $4.45 |
| Book value per share | $12.29 | $28.09 | $49.33 | $72.46 | $101.41 | $128.02 | $245.79 | −$24.80 | −$12.90 |
| Tangible book value per share | $12.29 | $28.09 | $49.33 | $72.46 | $101.41 | $128.02 | $245.79 | −$24.80 | −$12.90 |
| Dividends per share | — | — | — | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $0.00 | $0.20 | $0.35 | $0.92 | $1.03 | $3.11 | $2.58 | $1.62 | $4.57 |
| Debt per share | $1.81 | $2.55 | $2.85 | $3.08 | — | $1.51 | $3.93 | $0.31 | $0.51 |
| Shares outstanding | 2.8M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 1.3M | 1.9M | 1.9M |
| Change in shares outstanding | +22.0% | +0.5% | +0.3% | +0.5% | +0.3% | +75.4% | −30.9% | 0.0% | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | −111.2% | −61.9% | −44.5% | −34.6% | −26.3% | −10.8% | −24.6% | — | — |
| Return on invested capital (ROIC) | — | −608.0% | −389.0% | −420.3% | −406.0% | — | — | — | — |
| Return on assets (ROA) | −85.2% | −53.3% | −40.2% | −32.6% | −25.3% | −10.0% | −13.4% | −27.3% | −79.5% |
| Return on tangible assets | −111.3% | −68.8% | −49.0% | −37.7% | −28.6% | −10.8% | −9.5% | −15.4% | −79.5% |
| Free cash flow margin | — | — | — | — | — | −232.8% | −614.4% | — | — |
| Financial health | |||||||||
| Total debt | $5.2M | $5.9M | $6.6M | $7.1M | — | $3.5M | $5.1M | $587,000 | $964,000 |
| Cash & short-term investments | $41.8M | $68.6M | $108.3M | $159.9M | $219.6M | $283.4M | $334.6M | $135.2M | $8.4M |
| Net debt | −$36.7M | −$62.7M | −$101.7M | −$152.8M | −$219.6M | −$280.0M | −$329.5M | −$134.6M | −$7.5M |
| Debt / equity | 0.15 | 0.09 | 0.06 | 0.04 | — | 0.01 | 0.02 | — | — |
| Debt / assets | 0.10 | 0.07 | 0.05 | 0.04 | — | 0.01 | 0.01 | 0.00 | 0.05 |
| Current ratio | 4.14 | 7.50 | 16.38 | 17.97 | 34.48 | 27.89 | 22.60 | 13.19 | 3.02 |
| Quick ratio | 4.14 | 7.50 | 16.38 | 18.04 | 34.48 | 27.89 | 22.60 | 13.19 | 3.02 |
| Interest coverage | — | — | — | -14.3 | -919.0 | -225.3 | -179.3 | — | — |
| Working capital | $33.2M | $62.2M | $105.8M | $154.9M | $221.2M | $277.7M | $325.0M | $125.5M | $6.3M |
| Invested capital | −$1.7M | $2.8M | $12.7M | $14.7M | $13.8M | $13.7M | −$8.0M | −$181.5M | −$31.9M |
| Tangible asset value | $34.9M | $65.5M | $114.4M | $167.5M | $233.4M | $293.7M | $321.5M | −$46.9M | −$24.4M |
| Net current asset value | $28.5M | $56.4M | $99.1M | $147.4M | $218.8M | $275.1M | $305.3M | −$58.8M | −$34.5M |
| Graham net-net per share | $9.38 | $22.94 | $41.07 | $62.05 | $91.51 | $117.91 | $229.31 | −$31.38 | −$18.73 |
| Capital allocation | |||||||||
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | — | 0.0% | — |
| Capex / revenue | — | — | — | — | — | 31.9% | 53.1% | — | — |
| Capex / operating cash flow | — | — | — | — | — | — | — | 38.3% | — |
| Capex / depreciation | 0.00 | 0.17 | 0.22 | 0.51 | 0.56 | 2.09 | 1.25 | 1.83 | 14.87 |
| Stock-based compensation / revenue | — | — | — | — | — | 35.4% | 29.7% | — | — |
| R&D / revenue | — | — | — | — | — | 208.0% | 539.1% | — | — |
| SG&A / revenue | — | — | — | — | — | 76.2% | 151.5% | — | — |
| Efficiency | |||||||||
| Days of inventory on hand | — | — | — | -57.0 | — | — | — | — | — |
| Days payables outstanding | 615.1 | 489.4 | 327.0 | 253.1 | 248.0 | 22,588.1 | 23.2 | 394.4 | 715.6 |
| Receivables turnover | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — |
| Payables turnover | 0.59 | 0.75 | 1.12 | 1.44 | 1.47 | 0.02 | 15.75 | 0.93 | 0.51 |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.03 | 0.00 | 0.00 |
| Average receivables | $200,000 | $550,000 | $750,000 | $700,000 | — | — | — | — | — |
| Average payables | $3.7M | $3.8M | $3.3M | $3.1M | $2.9M | $2.9M | $2.2M | $1.8M | $1.1M |
| Average inventory | — | — | — | −$700,000 | — | — | — | $0 | $0 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from NXTC's annual financial statements (latest annual report filed March 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NXTC valuation and financial ratios
NextCure earned a return on equity of −111.2% in fiscal 2025. It ended the year with $5.2 million of debt and $41.8 million in cash and short-term investments, a net cash position of $36.7 million. The share count rose 50.2% from 1.9M to 2.8M over 8 years.
See the NXTC income statement, the NXTC chart for price history, or the NXTC stock overview for the latest quote and news.
NXTC key metrics FAQ
What is NextCure's return on equity?
NextCure's return on equity (ROE) was −111.2% in fiscal 2025: net income of -$55.8 million on average shareholders' equity of $50.2 million.
How much debt does NextCure have?
NextCure had total debt of $5.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.15 and more cash than debt.
What is NextCure's free cash flow yield?
NextCure generated -$49.6 million of free cash flow in fiscal 2025, a free cash flow yield of −123.0% on its market value at year-end ($40.3 million).
What is NextCure's current ratio?
NextCure's current ratio was 4.14 at the end of fiscal 2025: current assets were 4.14 times current liabilities.