SEC filings · customer concentration · NKTR

Nektar Therapeutics's major customers

Baxalta Incorporated Or Takeda accounted for 45% of Nektar Therapeutics's revenue in FY 2025, up from 18% a year earlier.

3major customers now
96%of revenue from them
0listed suppliers depending on it
2014–2026years covered
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Major customers of Nektar Therapeutics

Customers that Nektar Therapeutics named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Baxalta Incorporated Or Takeda45%▲ from 18%FY 2019: 19%FY 2020: 16%FY 2021: 23%FY 2022: 25%FY 2023: 21%FY 2024: 18%FY 2025: 45%7 yearsFY 2025 · filed 13 Mar 2026
AstraZenecaAZN37%▲ from 17%FY 2014: 52%FY 2015: 57%FY 2016: 29%FY 2019: 17%FY 2020: 13%FY 2021: 16%FY 2022: 14%FY 2023: 11%FY 2024: 17%FY 2025: 37%10 yearsFY 2025 · filed 13 Mar 2026
UCB Pharma14%▼ from 39%FY 2014: 16%FY 2015: 13%FY 2016: 21%FY 2017: 12%FY 2019: 28%FY 2020: 23%FY 2021: 36%FY 2022: 37%FY 2023: 40%FY 2024: 39%FY 2025: 14%11 yearsFY 2025 · filed 13 Mar 2026

Formerly disclosed

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Eli Lilly AndLLY42%last FY 2017FY 2017: 42%1 yearFY 2017 · filed 28 Feb 2020
Bristol Myers SquibbBMY36%last FY 2020FY 2018: 89%FY 2020: 36%2 yearsFY 2020 · filed 5 Mar 2024
Ophthotech19%last FY 2016FY 2016: 19%1 yearFY 2016 · filed 1 Mar 2019
PfizerPFE12%last FY 2024FY 2021: 13%FY 2022: 11%FY 2023: 10%FY 2024: 12%4 yearsFY 2024 · filed 13 Mar 2026
Roche10%last FY 2024FY 2014: 11%FY 2016: 11%FY 2024: 10%3 yearsFY 2024 · filed 13 Mar 2026

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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