NextCure, Inc.(NXTC)Stock Analysis
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Not in ranked universe
Limited institutional coverage
Quality rankings require at least 50 unique 13-F institutional holders to ensure peer comparisons are meaningful. Only 24 institutional filers currently hold this stock.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
NXTC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for NextCure, Inc. (NXTC), a Healthcare sector company. NXTC is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least 50 unique 13-f institutional holders to ensure peer comparisons are meaningful. only 24 institutional filers currently hold this stock. Based on the latest XBRL financial filings (Q1 2026), NextCure, Inc. reports net income of $-9.8M, free cash flow of $-13.4M. Top institutional holders of NXTC by reported 13-F value include Squadron Capital Management, Affinity Asset Advisors,, Ikarian Capital,, based on the most recent SEC filings. NXTC trades on the Nasdaq exchange and files with the SEC under CIK 1661059. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NXTC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NextCure, Inc. directly from SEC EDGAR. NextCure, Inc.'s 13F Pro composite quality score has ranged between 7 and 38 since 2021, currently 9.2 — a declining long-term trajectory across 8 quarterly and live scoring snapshots.
Net Income
Q1 2026
$-9.8M
Free Cash Flow
Q1 2026
$-13.4M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
Net Income
+9.6% YoYOperating Income
+4.4% YoYEPS (Diluted)
+10.4% YoYTotal Assets
-47.2% YoYTotal Debt
Op. Cash Flow
+7.5% YoY| Metric | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | — | — | $22.4M +252.6% | $6.3M | — | — |
| Net Income | $-62.7M +9.6% | $-69.4M -89.6% | $-36.6M -8.5% | $-33.7M -48.0% | $-22.8M | — |
| Operating Income | $-67.6M +4.4% | $-70.8M -71.7% | $-41.2M -10.0% | $-37.5M -61.6% | $-23.2M | — |
| EPS (Diluted) | $-2.25 +10.4% | $-2.51 -88.7% | $-1.33 | — | — | — |
| Total Assets | $128.0M -47.2% | $242.4M -21.0% | $306.6M -13.9% | $356.2M +141.3% | $147.6M | — |
| Total Debt | — | $0.00 -100.0% | $5.1M -22.9% | $6.7M +687.1% | $847.0K | — |
| Operating Cash Flow | $-53.0M +7.5% | $-57.3M -27.4% | $-45.0M -26.2% | $-35.6M -545.7% | $8.0M | — |
AI Insight: NXTC Financial Trends
NextCure's equity base has eroded from $85M to $27M over eight quarters despite some recent volatility in quarterly losses.
• Equity declined from $85M in Q2 2024 to $27M in Q1 2026, a 68% reduction over eight quarters.
• Net losses ranged from $9M to $27M per quarter with Q2 2025 showing the largest loss at $27M.
• Operating cash flow remained consistently negative, ranging from $6M to $23M outflows quarterly.
⚠ Equity base now at $27M after consistent quarterly cash burn — runway increasingly constrained for pre-revenue biotech.
⚠ Q2 2025 spike in losses to $27M versus typical $9-12M quarterly burn suggests potential one-time charges or program costs.
AI Insight: NXTC Ratio Trends
NextCure's profitability deteriorated significantly, with ROE plunging from -61.1% in Q3 2024 to -146.7% in Q1 2026.
• ROE declined sharply from -61.1% in Q3 2024 to -146.7% in Q1 2026, indicating worsening shareholder returns.
• ROA fell from -51.1% in Q3 2024 to -75.2% in Q4 2025 before data became unavailable.
• ROIC data became unavailable after Q1 2025 when it reached -83.2%, suggesting continued operational challenges.
⚠ Data availability has become increasingly sparse across key profitability metrics in recent quarters.
⚠ The magnitude of negative returns suggests significant cash burn continues across the business.
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Available Research
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Top Institutional Holders of NXTC
Squadron Capital Management LLC
$2.8M265,000 shAffinity Asset Advisors, LLC
$2.6M241,826 shIkarian Capital, LLC
$2.5M238,303 shSofinnova Ventures Inc
$2.4M222,654 shSILVERARC CAPITAL MANAGEMENT, LLC
$1.9M176,057 shPFIZER INC
$1.5M153,354 shOpaleye Management Inc.
$1.5M141,181 shAWM Investment Company, Inc.
$1.2M117,371 shExome Asset Management LLC
$1.2M115,500 shBOOTHBAY FUND MANAGEMENT, LLC
$743.5K69,617 sh
| Fund | Value | Shares |
|---|---|---|
| Squadron Capital Management LLC | $2.8M | 265,000 |
| Affinity Asset Advisors, LLC | $2.6M | 241,826 |
| Ikarian Capital, LLC | $2.5M | 238,303 |
| Sofinnova Ventures Inc | $2.4M | 222,654 |
| SILVERARC CAPITAL MANAGEMENT, LLC | $1.9M | 176,057 |
| PFIZER INC | $1.5M | 153,354 |
| Opaleye Management Inc. | $1.5M | 141,181 |
| AWM Investment Company, Inc. | $1.2M | 117,371 |
| Exome Asset Management LLC | $1.2M | 115,500 |
| BOOTHBAY FUND MANAGEMENT, LLC | $743.5K | 69,617 |
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Popular Research
Is NXTC a good stock to buy?
13F Pro's AI-powered analysis of NextCure, Inc. (NXTC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NXTC are available on the NXTC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own NXTC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NXTC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NextCure, Inc.'s investment landscape.