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FATE Financials FATE THERAPEUTICS INC

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 26.7% per year over the past 5 years.
  • Operating margin has contracted, at -2222.4% in the latest year.

Financial health

  • Total debt has grown faster than revenue (52.4% vs -26.7% per year).
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$282M -$93M $96M $0 2013 2014 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-2222% -1111% 0% 2013 2014 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-351% -114% 122% 0% 2013 2014 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$284M -$142M $0 2013 2014 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $95M $191M 2013 2014 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$324M $65M $453M $0 2013 2014 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $7M -$136M 0.0% -2222.4% -65.8% -42.7% -$112M $47M
2024 $14M -$186M 0.0% -1542.6% -58.4% -42.3% -$124M $36M
2023 $64M -$161M 0.0% -299.9% -43.7% -31.8% -$138M $42M
2022 $96M -$282M 0.0% -320.2% -58.2% -39.9% -$284M $61M
2021 $56M -$212M 0.0% -388.6% -31.3% -23.0% -$214M $134M
2020 $31M -$173M 0.0% -407.5% -45.1% -27.9% -$44M $167M
2019 $11M -$98M 0.0% -943.1% -40.1% -32.5% -$91M $100M
2018 $5M -$67M 0.0% -1415.4% -41.5% -31.3% -$41M $18M $191M
2017 $4M -$43M 0.0% -1025.9% -55.6% -40.8% -$39M $19M $89M
2016 $4M -$33M 0.0% -726.1% -45.7% -35.2% -$30M $13M $89M
2015 -$30M -78.8% -44.1% $22M $65M
2014 -$26M -91.3% -50.6% $20M $49M
2014 -$93M -206.9% -188.3% $48M
2013 -$21M -41.1% -37.6% $2M $54M
2013 -$81M 121.6% -350.6% $2M $19M

Valuation over time

How the market has priced FATE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 25.6 51.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is FATE growing its revenue and profit?

Over the past 5 years, FATE THERAPEUTICS INC's revenue has declined 26.7% per year. These are computed facts, not advice.

How much debt does FATE have?

As of FY2025, FATE THERAPEUTICS INC reported — of total debt against $47M of cash.

What is FATE's profit margin?

In FY2025, gross margin was —, operating margin -2222.4%, and net margin -2051.1%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.