# Nuvation Bio Inc.: overview

NUVB · NYSE · CIK 1811063 · [Healthcare](/sectors/healthcare.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/nuvb.md) · [Financials](/companies/nuvb/financials.md) · [Filings](/companies/nuvb/filings.md) · [Insiders](/companies/nuvb/insiders.md)

Latest reported revenue: [$31.7m](/filings/0001193125-26-336646.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-336646).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [0.7](/filings/0001193125-25-262605.md) | [5.7 d](/filings/0001193125-26-085584.md) | [3.1](/filings/0001193125-26-203964.md) | [4.8](/filings/0001193125-26-336646.md) | [13.1](/filings/0001193125-25-262605.md) | [41.9 d](/filings/0001193125-26-085584.md) | [83.2](/filings/0001193125-26-203964.md) | [31.7](/filings/0001193125-26-336646.md) |
| Gross margin | % | [(108.4%)](/filings/0001193125-25-262605.md) | [26.2% d](/filings/0000950170-25-034903.md) | [32.1%](/filings/0000950170-25-065712.md) | [46.7%](/filings/0000950170-25-104626.md) | [74.5%](/filings/0001193125-25-262605.md) | not reported | not reported | not reported |
| Operating margin | % | [(6616.4%)](/filings/0001193125-25-262605.md) | [(944.5%) d](/filings/0001193125-26-085584.md) | [(1913.2%)](/filings/0001193125-26-203964.md) | [(1315.7%)](/filings/0001193125-26-336646.md) | [(430.1%)](/filings/0001193125-25-262605.md) | [(81.3%) d](/filings/0001193125-26-085584.md) | [4.7%](/filings/0001193125-26-203964.md) | [(161.1%)](/filings/0001193125-26-336646.md) |
| Net margin | % | [(5668.5%)](/filings/0001193125-25-262605.md) | [(865.8%) d](/filings/0001193125-26-085584.md) | [(1726.2%)](/filings/0001193125-26-336646.md) | [(1220.9%)](/filings/0001193125-26-336646.md) | [(425.2%)](/filings/0001193125-25-262605.md) | [(87.4%) d](/filings/0001193125-26-085584.md) | [6.5%](/filings/0001193125-26-336646.md) | [(198.3%)](/filings/0001193125-26-336646.md) |
| Diluted EPS | $ per share | [(0.15)](/filings/0001193125-25-262605.md) | not reported | [(0.16)](/filings/0001193125-26-203964.md) | [(0.17)](/filings/0001193125-26-336646.md) | [(0.16)](/filings/0001193125-25-262605.md) | not reported | [0.01](/filings/0001193125-26-203964.md) | [(0.18)](/filings/0001193125-26-336646.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | [0.0](/filings/0000950170-25-034903.md) | [7.9](/filings/0001193125-26-085584.md) | [62.9](/filings/0001193125-26-085584.md) |
| Gross margin | % | not reported | not reported | not reported | [10.1%](/filings/0000950170-25-034903.md) | not reported |
| Operating margin | % | not reported | not reported | not reported | [(7527.3%)](/filings/0001193125-26-085584.md) | [(338.7%)](/filings/0001193125-26-085584.md) |
| Net margin | % | not reported | not reported | not reported | [(7213.8%)](/filings/0001193125-26-085584.md) | [(325.3%)](/filings/0001193125-26-085584.md) |
| Diluted EPS | $ per share | [(0.44)](/filings/0000950170-23-008180.md) | [(0.48)](/filings/0000950170-24-023247.md) | [(0.35)](/filings/0000950170-25-034903.md) | [(2.11)](/filings/0001193125-26-085584.md) | [(0.60)](/filings/0001193125-26-085584.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/nuvb/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $296.7m | 52,230,295 |  | Added +240,702 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $156.9m | 27,630,837 |  | Added +2,530,463 |
| [Decheng Capital LLC](/funds/2010850.md) | 2026-06-30 | $147.4m | 25,954,439 |  | Unchanged |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $67.7m | 11,919,514 |  | Added +293,316 |
| [Omega Fund Management, LLC](/funds/1637359.md) | 2026-06-30 | $45.9m | 8,081,089 |  | Unchanged |
| [Laurion Capital Management LP](/funds/1390202.md) | 2026-06-30 | $44.4m | 7,820,013 |  | Reduced −2,625 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $41.9m | 7,370,794 |  | Added +585,867 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $36.2m | 6,374,705 | Call | New +6,374,705 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $35.5m | 6,244,805 |  | Added +381,151 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $25.6m | 4,499,643 |  | Added +1,602,565 |

## Recent filings

[All 396 filings](/companies/nuvb/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-06 | 07:30 ET | [8-K](/filings/0001193125-26-336751.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-336751 |
| 2026-08-06 | 06:55 ET | [10-Q](/filings/0001193125-26-336646.md) | Quarterly report, period 2026-06-30 | 0001193125-26-336646 |
| 2026-07-06 | 17:15 ET | [8-K](/filings/0001193125-26-296398.md) | 2.03 New direct financial obligation; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-296398 |
| 2026-06-30 | 17:17 ET | [8-K](/filings/0001193125-26-290823.md) | 1.01 Entry into a material agreement; 1.02 Termination of a material agreement; 2.03 New direct financial obligation; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-290823 |
| 2026-05-27 | 16:16 ET | [8-K](/filings/0001193125-26-241922.md) | 5.07 Shareholder vote results | 0001193125-26-241922 |
| 2026-05-04 | 16:21 ET | [8-K](/filings/0001193125-26-204056.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-204056 |
| 2026-05-04 | 16:06 ET | [10-Q](/filings/0001193125-26-203964.md) | Quarterly report, period 2026-03-31 | 0001193125-26-203964 |
| 2026-04-10 | 11:23 ET | [DEF 14A](/filings/0001140361-26-014157.md) | Proxy statement, period 2026-05-21 | 0001140361-26-014157 |
| 2026-03-02 | 16:49 ET | [10-K](/filings/0001193125-26-085584.md) | Annual report, period 2025-12-31 | 0001193125-26-085584 |
| 2026-03-02 | 16:22 ET | [8-K](/filings/0001193125-26-085474.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-085474 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-085584.md), filed Mar 2, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/af18f038-4af2-44ad-b03f-f10bcde8290e)

## About the filer

- CIK: 1811063
- Tickers: NUVB
- Exchange: NYSE
- SIC code: 2834 Pharmaceutical Preparations
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.
