NXTC on Nasdaq
NextCure, Inc.
American pharmaceutical preparations company based in Beltsville. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerNXTC on Nasdaq2
- IndustryPharmaceutical Preparations2
- HeadquartersBeltsville, United States2
- Incorporated inDE3
- Business address2850 Quarry Lake Drive, Suite 280, Baltimore, Md 212093
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI549300Y5PR6RJR1STI242
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 58157722
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These statements, and other forward-looking statements, are based on management’s current expectations, estimates, forecasts and projections about our business and industry, are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control, and that may cause our actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements. Forward-looking statements contained in this Annual Report should be considered in light of these factors and the factors set forth under “Risk Factor Summary” below and the factors described elsewhere in this Annual Report, including in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These factors, and the other caut…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2020
Where the money goes
Where each dollar of revenue went, fiscal 2020
- Research and development100¢$46.6M
- Interest0¢$183.0K
Out of $22.4M in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development | $44.9M | $41.5M |
| General and administrative | $12.7M | $15.7M |
| Restructuring and asset impairment charges | $2.5M | |
| Total operating expenses | $57.6M | $59.7M |
| Loss from operations | -$57.6M | -$59.7M |
| Other income, net | $1.8M | $4.1M |
| Basic (in dollars per share) | -$19.65 | -$23.88 |
| Diluted (in dollars per share) | -$19.65 | -$23.88 |
| Basic (in shares) | 2.8M shares | 2.3M shares |
| Diluted (in shares) | 2.8M shares | 2.3M shares |
| Net loss | -$55.8M | -$55.7M |
| Unrealized gain on marketable securities | $17.0K | $226.0K |
| Total comprehensive loss | -$55.8M | -$55.4M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.10
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $26.0M | $27.7M | |
| Marketable securities | $15.8M | $40.9M | |
| Prepaid expenses and other current assets | $1.9M | $3.2M | |
| Total current assets | $43.7M | $71.8M | |
| Property and equipment, net | $3.3M | $5.5M | |
| Right of use assets | $2.6M | $3.3M | |
| Other assets | $546.0K | $332.0K | |
| Total assets | $50.2M | $80.9M | |
| Accounts payable | $2.0M | $5.4M | |
| Accrued liabilities and other liabilities | $8.6M | $4.2M | |
| Total current liabilities | $10.6M | $9.6M | |
| Lease liabilities, long term | $4.1M | $5.2M | |
| Other long-term liabilities | $526.0K | $661.0K | |
| Total liabilities | $15.2M | $15.4M | |
| Common stock, par value of $0.001 per share; 100,000,000 shares authorized at December 31, 2025 and December 31, 2024; 3,505,621 and 2,333,896 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $4.0K | $2.0K | |
| Additional paid-in capital | $470.9M | $445.6M | |
| Accumulated other comprehensive income | $21.0K | $4.0K | |
| Accumulated deficit | -$436.0M | -$380.1M | |
| Total stockholders' equity | $34.9M | $65.5M | $114.4M |
| Total liabilities and stockholders' equity | $50.2M | $80.9M | |
| Preferred stock, par value per share | $0.00 | $0.00 | |
| Preferred stock, number of shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value per share | $0.00 | $0.00 | |
| Common stock, number of shares authorized | 100.0M shares | 100.0M shares | |
| Common stock, shares issued | 3.5M shares | 2.3M shares | |
| Common stock, shares outstanding | 3.5M shares | 2.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $26.0M | $27.7M | |
| Marketable securities | $15.8M | $40.9M | |
| Prepaid expenses and other current assets | $1.9M | $3.2M | |
| Total current assets | $43.7M | $71.8M | |
| Property and equipment, net | $3.3M | $5.5M | |
| Right of use assets | $2.6M | $3.3M | |
| Other assets | $546.0K | $332.0K | |
| Total assets | $50.2M | $80.9M | |
| Accounts payable | $2.0M | $5.4M | |
| Accrued liabilities and other liabilities | $8.6M | $4.2M | |
| Total current liabilities | $10.6M | $9.6M | |
| Lease liabilities, long term | $4.1M | $5.2M | |
| Other long-term liabilities | $526.0K | $661.0K | |
| Total liabilities | $15.2M | $15.4M | |
| Common stock, par value of $0.001 per share; 100,000,000 shares authorized at December 31, 2025 and December 31, 2024; 3,505,621 and 2,333,896 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $4.0K | $2.0K | |
| Additional paid-in capital | $470.9M | $445.6M | |
| Accumulated other comprehensive income | $21.0K | $4.0K | |
| Accumulated deficit | -$436.0M | -$380.1M | |
| Total stockholders' equity | $34.9M | $65.5M | $114.4M |
| Total liabilities and stockholders' equity | $50.2M | $80.9M | |
| Preferred stock, par value per share | $0.00 | $0.00 | |
| Preferred stock, number of shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value per share | $0.00 | $0.00 | |
| Common stock, number of shares authorized | 100.0M shares | 100.0M shares | |
| Common stock, shares issued | 3.5M shares | 2.3M shares | |
| Common stock, shares outstanding | 3.5M shares | 2.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$55.8M | -$55.7M |
| Depreciation and amortization | $2.2M | $2.9M |
| Amortization of premiums and discounts on marketable securities | -$481.0K | -$1.2M |
| Stock-based compensation | $3.0M | $6.3M |
| Asset impairment | $1.8M | |
| Noncash operating lease expense | $587.0K | $561.0K |
| Prepaid expenses and other assets | $1.1M | $2.8M |
| Accounts payable | -$3.3M | $3.0M |
| Accrued liabilities and other liabilities | $4.3M | -$332.0K |
| Lease liabilities | -$1.0M | -$796.0K |
| Other long-term liabilities | -$135.0K | -$124.0K |
| Net cash used in operating activities | -$49.6M | -$40.8M |
| Sales and maturities of marketable securities | $52.3M | $104.2M |
| Purchases of marketable securities | -$26.7M | -$48.4M |
| Purchases of property and equipment | -$474.0K | |
| Net cash provided by investing activities | $25.6M | $55.3M |
| Proceeds from exercise of stock options | $23.0K | |
| Proceeds from shares issued under ESPP | $36.0K | $82.0K |
| Net cash provided by financing activities | $22.3M | $144.0K |
| Net increase (decrease) in cash and cash equivalents | -$1.7M | $14.6M |
| Cash paid for interest | $62.0K | $72.0K |
| Issuance costs | $1.2M |
No quarter-by-quarter statement was filed.
Leadership
Who has led NextCure, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerMichael Richman May 8, 2019 to now11
- PresidentMichael Richman May 8, 2019 to now11
- Chief financial officerSteven P. Cobourn May 8, 2019 to now12
- Chief operating officerTimothy Mayer Mar 3, 2020 to now13
Board members and other officers (22)
- Chief Medical OfficerUdayan Guha Feb 6, 2025 to now14
- Sr VP, Legal AffairsKevin G. Shaw Feb 28, 2023 to Mar 1, 202315
- Chief Medical OfficerHan Myint Jan 19, 2021 to Apr 2, 202416
- Sr VP, Dev. & Mfg.Sourav Kundu Jul 15, 2021 to now17
- Chief Development OfficerJames B. Bingham May 8, 2019 to Mar 3, 202018
- Chief Medical OfficerKevin N. Heller May 8, 2019 to Jul 16, 202019
- SVP, ResearchLinda Liu May 8, 2019 to Feb 2, 202220
- Chief Scientific OfficerSol Langermann May 8, 2019 to Feb 3, 202521
- SVP, Corporate DevelopmentTimothy Mayer May 8, 2019 to May 8, 201922
- Board memberAnne Elizabeth Borgman Oct 5, 2021 to now23
- Board memberEllen Feigal Oct 5, 2021 to now24
- Board memberGarry A. Nicholson Apr 1, 2020 to Jun 23, 202325
- Board memberJohn G. Houston Sep 14, 2020 to now26
- Board memberBriggs Morrison May 8, 2019 to Jun 15, 202027
- Board memberChau Quang Khuong May 8, 2019 to Jun 23, 202328
- Board memberDavid S. Kabakoff May 8, 2019 to now29
- Board memberElaine Jones V. May 8, 2019 to now30
- Board memberJudith Li May 8, 2019 to Jun 15, 202031
- Board memberMichael Richman May 8, 2019 to now11
- Board memberStella Xu May 8, 2019 to Jun 28, 202132
- Board memberTimothy M. Shannon May 8, 2019 to Jun 17, 201933
- General counselKevin G. Shaw Feb 1, 2024 to now34
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorStephen G. Webster named Dec 10, 202535
Timeline
- May 8, 2019New chief executive Michael Richman becomes CEO11
Filings
220 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 86 insider forms, 26 large holders, 1 private raises, 40 other. The latest 20:
- Oct 1, 2026S-4/A EDGAR
- Sep 25, 2026425 EDGAR
- Sep 25, 20268-K EDGAR
- Sep 3, 20268-K EDGAR
- Aug 18, 2026S-4 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 2026SCHEDULE 13G EDGAR
- Aug 10, 2026425 EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Aug 4, 2026425 EDGAR
- Aug 3, 20264 PRIMARY DOCUMENT EDGAR
- Jul 29, 20264 PRIMARY DOCUMENT EDGAR
- Jul 29, 20263 PRIMARY DOCUMENT EDGAR
- Jul 16, 2026425 EDGAR
- Jul 14, 2026425 EDGAR
The 220 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
6 open-market trades by officers, directors and large owners since October 2021: 5 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Jiangsu Simcere Zaiming Pharmaceutical Co., Ltd. | Sale | 30,000 | $6.16 | $184.8K | Form 4 |
| Jul 31, 2026 | ADAR1 Capital Management, LLC10% owner | Buy | 36,303 | $4.94 | $179.3K | Form 4 |
| Jul 30, 2026 | ADAR1 Capital Management, LLC10% owner | Buy | 292,850 | $4.93 | $1.4M | Form 4 |
| Jul 29, 2026 | ADAR1 Capital Management, LLC10% owner | Buy | 3,410 | $5.00 | $17.1K | Form 4 |
| Jul 28, 2026 | ADAR1 Capital Management, LLC10% owner | Buy | 6,400 | $4.95 | $31.7K | Form 4 |
| Jul 27, 2026 | ADAR1 Capital Management, LLC10% owner | Buy | 7,798 | $5.00 | $39.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- ADAR1 Capital Management, LLCSCHEDULE 13G, 1 filing Aug 14, 202636
- Ikarian Capital, LLCSCHEDULE 13G/A, 2 filings Feb 17, 2026 to Aug 14, 202637
- Squadron Capital Management LLCSCHEDULE 13G/A, 3 filings Oct 24, 2025 to Aug 14, 202638
- Affinity Asset Advisors, LLCSCHEDULE 13G/A, 5 filings Jun 27, 2024 to Aug 13, 202639
- Adage Capital Management, L.P.SCHEDULE 13G, 1 filing Aug 12, 202640
- SILVERARC CAPITAL MANAGEMENT, LLCSCHEDULE 13G/A, 2 filings Feb 12, 2026 to May 13, 202641
- Simcere Zaiming, Inc.SCHEDULE 13G/A, 2 filings Aug 19, 2025 to May 6, 202642
- Sofinnova Venture Partners IX, L.P.SCHEDULE 13D/A, 1 filing Mar 5, 202643
- PfizerSCHEDULE 13G/A, 1 filing Feb 13, 202644
- Logos Global Management LPSCHEDULE 13G/A, 3 filings Apr 1, 2024 to Feb 14, 202545
- ORBIMED ADVISORS LLCSC 13D/A, 1 filing Mar 8, 202446
- MILLENNIUM MANAGEMENT LLCSC 13G/A, 2 filings Jan 24, 2023 to Jan 19, 202447
- Lilly Asia Ventures Fund III, L.P.SC 13G/A, 2 filings Feb 9, 2022 to Feb 6, 202348
Money raised
Private offerings the company reported to the SEC on Form D.
- Nov 12, 2025Raised $21.5 million in a private offering of equity Form D: 12 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 30. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARNextCure, Inc. filings on SEC EDGAR
- 2
- 3SEC EDGARNextCure, Inc. filings on SEC EDGAR
- 4
- 5SEC EDGARNextCure, Inc. 10-K for fiscal 2020
- 6SEC EDGARNextCure, Inc. 10-K for fiscal 2020
- 7SEC EDGARNextCure, Inc. 10-K for fiscal 2019
- 8SEC EDGARNextCure, Inc. 10-Q for fiscal 2026
- 9SEC EDGARNextCure, Inc. 10-Q for fiscal 2026
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- 14SEC EDGARUdayan Guha, Chief Medical Officer
- 15SEC EDGARKevin G. Shaw, Sr VP, Legal Affairs
- 16SEC EDGARHan Myint, Chief Medical Officer
- 17SEC EDGARSourav Kundu, Sr VP, Dev. & Mfg.
- 18
- 19
- 20SEC EDGARLinda Liu, SVP, Research
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- 22
- 23SEC EDGARAnne Elizabeth Borgman, Board member
- 24SEC EDGAREllen Feigal, Board member
- 25SEC EDGARGarry A. Nicholson, Board member
- 26SEC EDGARJohn G. Houston, Board member
- 27SEC EDGARBriggs Morrison, Board member
- 28SEC EDGARChau Quang Khuong, Board member
- 29SEC EDGARDavid S. Kabakoff, Board member
- 30SEC EDGARElaine Jones V., Board member
- 31SEC EDGARJudith Li, Board member
- 32SEC EDGARStella Xu, Board member
- 33SEC EDGARTimothy M. Shannon, Board member
- 34SEC EDGARKevin G. Shaw, General counsel
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