X4 Pharmaceuticals, Inc.

X4 Pharmaceuticals, Inc.

XFOR·NASDAQ

$4.08

+0.99%
HealthcareBiotechnology

X4 Pharmaceuticals, Inc., a late-stage clinical biopharmaceutical company, focuses on the research, development, and commercialization of novel therapeutics for the treatment of rare diseases. Its lead product candidate is mavorixafor, a small molecule inhibitor of the chemokine receptor C-X-C chemokine receptor type 4 (CXCR4), which is in Phase III clinical trial for the treatment of patients with warts, hypogammaglobulinemia, infections, and myelokathexis syndrome; and Phase Ib clinical trial to treat chronic neutropenia and Waldenström macroglobulinemia. The company is also developing X4P-002, a CXCR4 antagonist for the treatment of brain cancers; and X4P-003, a CXCR4 antagonist for the treatment of CXCR4 disorders and primary immunodeficiencies. It has a license agreement with Abbisko Therapeutics Co., Ltd. to develop, manufacture, and commercialize mavorixafor in combination with checkpoint inhibitors or other agents in oncology indications. The company was founded in 2010 and is headquartered in Boston, Massachusetts.

At a Glance

Live Snapshot
Market Cap$384.82M
EPS-1.8700
P/E Ratio-2.18
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -2.2).

Valuation inputs: P/E -2.2, earnings yield N/A, momentum +1.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -42.5%, ROIC -32.7%).

Profitability stack: net margin -2.3%, ROE -42.5%, ROIC -32.7%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +35.9%, momentum +1.0%, net margin -2.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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X4 Pharmaceuticals, Inc. Market vs Earnings Trajectory

XFOR · NASDAQ

Loading price and EPS data...

X4 Pharmaceuticals, Inc.

X4 Pharmaceuticals, Inc. Fair Value Envelope

XFOR · NASDAQ

Our analysis suggests that XFOR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $4.08, this represents a potential HIDDEN relative to our calculated worth for X4 Pharmaceuticals, Inc..

Intrinsic Value
Current Price: $4.08
3Y-96.0%
5Y-98.0%
10Y-100.0%
3Y-
5Y+1070.0%
10Y-
3Y-16.0%
5Y+27.0%
10Y+245.0%
3Y+11.0%
5Y+46.0%
10Y+296.0%
3Y+15.0%
5Y+47.0%
10Y+308.0%
3Y+87.0%
5Y+136.0%
10Y+3720.0%
X4 Pharmaceuticals, Inc.

X4 Pharmaceuticals, Inc. Profit Bridge

XFOR · NASDAQ
Revenue35.11M
Cost of Goods Sold (6.26M)
Gross Profit28.86M
Operating Expenses (116.24M)
Operating Income-86.88M
Interest Expense (8.88M)
Other Income/Expense7.72M
Pretax Income-79.16M
Income Tax (41.00K)
Net Income-79.20M
Net Income
-79.20M

Profitability Analysis

Gross Margin

82.2%

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

Operating Margin

-247.4%

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

Net Profit Margin

-225.6%

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.

82.18%
Gross Profit Margin
19%
3Y-
5Y-18.0%
10Y-
-247.44%
Operating Profit Margin
-83%
3Y-
5Y-88.0%
10Y-
-225.55%
Net Profit Margin
-85%
3Y-
5Y-89.0%
10Y-
-42.51%
Return on Equity
-75%
3Y-66.0%
5Y-50.0%
10Y-205.0%
-27.27%
Return on Assets
7%
3Y-55.0%
5Y-46.0%
10Y-91.0%
-32.70%
Return on Invested Capital
3%
3Y-49.0%
5Y-39.0%
10Y-101.0%
XFOR

X4 Pharmaceuticals, Inc. Cash Conversion Engine

XFOR · NASDAQ
Net Income-79.20M
Depreciation & Amortization1.28M
Stock-Based Compensation4.30M
Change in Working Capital-2.58M
Others-9.42M
Capital Expenditures-3.00M
Free Cash Flow-88.62M

Cash Flow Quality Analysis

FCF Conversion Rate

111.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-3.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+35.9%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$2.58M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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X4 Pharmaceuticals, Inc. Funding & Solvency Profile

XFOR · NASDAQ
Cash & Cash Equivalents216.91M
Net Receivables1.11M
Inventory4.64M
Other Current Assets2.51M
Total Current Assets242 M
Property, Plant & Equipment1.18M
Goodwill & Intangible Assets26.41M
Long-Term Investments0.00
Other Non-Current Assets704.00K
Total Non-Current Assets2 M
Total Assets
270.28M

Financial Health Analysis

Current Ratio

10.18x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.60x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

218 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

90% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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X4 Pharmaceuticals, Inc. Street Expectations Map

XFOR · NASDAQ

Wall Street analysts project that XFOR stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 11.33, with estimates ranging from a low of 10.00 to a high of 12.00.

Lowest Target
10.00
145.10%
Consensus Target
11.33
177.70%
Highest Target
12.00
194.12%

The consensus 1-year price target stands at 11.33, with estimates ranging from a low of 10.00 to a high of 12.00.

Analyst Consensus Analysis

Upside Potential

+177.7%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

17.7% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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X4 Pharmaceuticals, Inc. Insider Positioning

XFOR · NASDAQ

During the last 12 months, insiders have purchased $250K and sold $73K worth of XFOR shares, resulting in $177K of net buying activity.

3 Months

Bought

0

0.00

Sold

17.0K

72.82K

Net Activity

-73K

-$73K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

86.2K

250.00K

Sold

0

0.00

Net Activity

+250K

+$250K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
CAR

Craig Adam R

Director, Officer: Executive Chairman

86.2K shares1 transactions

$250K

Top Sellers

1
KD

Kirske David

Officer: Chief Financial Officer

17.0K shares1 transactions

$73K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $177K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

3.43:1

Exceptional buy/sell ratio. Buying dramatically outweighs selling—one of the strongest possible insider signals.

Recent Trend (3 Months)

$73K

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

Balanced

1 insider buyers and 1 sellers. Equal participation suggests mixed or neutral insider views.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
 

xfor Dividend History

XFOR
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%