4D Molecular Therapeutics, Inc.

4D Molecular Therapeutics, Inc.

FDMTยทNASDAQ

$9.53

+2.8%
HealthcareBiotechnology

4D Molecular Therapeutics, Inc., a clinical-stage gene therapy company, develops product candidates using its adeno-associated viruses vectors. It develops a portfolio of gene therapy product candidates focuses in three therapeutic areas: ophthalmology, cardiology, and pulmonology. The company has three product candidates that are in clinical trials: 4D-125 that is in a Phase 1/2 clinical trial for the treatment of X-linked retinitis pigmentosa; 4D-110 that is in a Phase 1/2 clinical trial for the treatment of choroideremia; and 4D-310, which is in a Phase 1/2 clinical trial for the treatment of Fabry disease. Its two IND candidates are 4D-150 for the treatment of wet age-related macular degeneration and 4D-710 for the treatment of cystic fibrosis lung disease. 4D Molecular Therapeutics, Inc. has research and collaboration arrangements with uniQure; CRF; Roche; and CFF. The company was founded in 2013 and is headquartered in Emeryville, California.4D Molecular Therapeutics, Inc., a clinical-stage gene therapy company, develops product candidates using its adeno-associated viruses vectors. It develops a portfolio of gene therapy product candidates focuses in three therapeutic areas: ophthalmology, cardiology, and pulmonology. The company has three product candidates that are in clinical trials: 4D-125 that is in a Phase 1/2 clinical trial for the treatment of X-linked retinitis pigmentosa; 4D-110 that is in a Phase 1/2 clinical trial for the treatment of choroideremia; and 4D-310, which is in a Phase 1/2 clinical trial for the treatment of Fabry disease. Its two IND candidates are 4D-150 for the treatment of wet age-related macular degeneration and 4D-710 for the treatment of cystic fibrosis lung disease. 4D Molecular Therapeutics, Inc. has research and collaboration arrangements with uniQure; CRF; Roche; and CFF. The company was founded in 2013 and is headquartered in Emeryville, California.

At a Glance

Live Snapshot
Market Cap$498.19M
EPS-2.4200
P/E Ratio-3.94
Earnings Date08/10/2026
230195%
3Y+2623.0%
5Y+526.0%
10Y+1372.0%
3Y+30.0%
5Y+147.0%
10Y+1148.0%
3Y+26.0%
5Y+114.0%
10Y-1424.0%
4D Molecular Therapeutics, Inc.

4D Molecular Therapeutics, Inc. Profit Bridge

FDMT ยท NASDAQ
Revenue85.21M
Cost of Goods Sold (7.62M)
Gross Profit77.58M
Operating Expenses (237.13M)
Operating Income-159.55M
Interest Expense (0.00)
Other Income/Expense19.44M
Pretax Income-140.11M
Income Tax (0.00)
Net Income-140.11M
Net Income
-140.11M

Profitability Analysis

Gross Margin

91.1%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-187.2%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-164.4%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

4D Molecular Therapeutics, Inc. Income Statement

FDMT โ€ข NASDAQ

4D Molecular Therapeutics, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
REVENUE
85.2M
37K
20.7M
3.1M
18M
13.6M
7M
14.1M
5.8M
GROSS PROFIT
(7.6M)
(0.0)
(97.1M)
(80.3M)
(61.4M)
(53M)
(38.7M)
(18.4M)
(13.6M)
77.6M
37K
-76.4M
-77.1M
-43.3M
-39.4M
-31.7M
-4.2M
-7.8M
OPERATING INCOME
(237.1M)
(187.9M)
(36.5M)
(32.9M)
(28M)
(17.2M)
(52.6M)
(24.5M)
(17.1M)
(49.1M)
(46.6M)
(36.5M)
(32.9M)
(28M)
(17.2M)
(13.9M)
(6.2M)
(3.5M)
(195.7M)
(141.3M)
(97.1M)
(80.3M)
(61.4M)
(53M)
(38.7M)
(18.4M)
(13.6M)
-159.5M
-187.8M
-112.9M
-110M
-71.3M
-56.7M
-50.8M
-10.4M
-11.3M
PRE-TAX INCOME
19.5M
27.1M
12.2M
2.6M
137K
152K
1.5M
850K
89K
-7.6M
(0.0)
-97.1M
-80.3M
-61.4M
-53M
-46K
-2K
-40K
19.4M
27M
12M
2.5M
16K
-29K
1.5M
848K
49K
-140.1M
-160.9M
-100.8M
-107.5M
-71.3M
-56.7M
-49.3M
-9.6M
-11.2M
NET INCOME
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-89K
-140.1M
-160.9M
-100.8M
-107.5M
-71.3M
-56.7M
-52.9M
-9.6M
-11.2M

SEC Filings

FDMT - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
S-3

S-3

N/A

May 07, 2026
May 07, 2026
ย 
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 28, 2026
June 17, 2026
2026
8-K

8-K 2026

N/A

March 30, 2026
March 25, 2026
2026
10-K

10-K 2025 FY

FY

March 18, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 18, 2026
March 18, 2026
2026
8-K

8-K 2026

N/A

January 26, 2026
January 22, 2026
2026
8-K

8-K 2025

N/A

January 07, 2026
December 31, 2025
2025
8-K

8-K 2025

N/A

December 10, 2025
December 10, 2025
2025
Showing 1 to 10 of 98 filings