11 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 9.8% per year over the past 5 years.
Financial health
Total debt has grown faster than revenue (60.0% vs -9.8% per year).
The company is unprofitable; at its current free-cash-flow burn it has roughly 1.5 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
—
-$69M
—
—
-$51M
—
$77M
2024
—
-$35M
—
—
-$31M
—
$22M
2023
—
-$31M
—
—
-$29M
—
$37M
2022
—
-$14M
—
—
—
—
$41M
2021
—
-$22M
—
—
—
—
$42M
2020
—
-$46M
—
—
—
—
$59M
2019
$36000
-$4M
0.0%
-11288.9%
-$3M
—
$7M
2018
$18M
-$49M
0.0%
-254.2%
-$36M
$26M
$41M
2017
$41000
-$39M
0.0%
-91775.6%
-$32M
$4M
$36M
2016
$49000
-$33M
0.0%
-64673.5%
-$30M
$10M
$6M
2015
—
-$23M
—
—
—
—
$8M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
—
-$22M
—
—
-$19M
—
$58M
Dec '25
—
-$25M
—
—
-$16M
—
$77M
Sep '25
—
-$18M
—
—
-$14M
—
$93M
Jun '25
—
-$11M
—
—
-$10M
—
$106M
Mar '25
—
-$16M
—
—
-$10M
—
$46M
Dec '24
—
-$7M
—
—
-$10M
—
$22M
Sep '24
—
-$8M
—
—
-$8M
—
$16M
Jun '24
—
-$13M
—
—
-$6M
—
$24M
Mar '24
—
-$7M
—
—
-$7M
—
$30M
Dec '23
—
-$6M
—
—
-$9M
—
$37M
Sep '23
—
-$10M
—
—
—
—
$46M
Jun '23
—
-$9M
—
—
—
—
$20M
Mar '23
—
-$7M
—
—
—
—
$36M
Dec '22
—
-$5M
—
—
—
—
$41M
Sep '22
—
-$3M
—
—
—
—
$44M
Jun '22
—
-$3M
—
—
—
—
$39M
Mar '22
—
-$3M
—
—
—
—
$40M
Dec '21
—
-$3M
—
—
—
—
$42M
Sep '21
—
-$8M
—
—
—
—
$46M
Jun '21
—
-$6M
—
—
—
—
$51M
Frequently asked questions
Is FBRX growing its revenue and profit?
Over the past 5 years, Forte Biosciences, Inc.'s revenue has declined 9.8% per year. These are computed facts, not advice.
How much debt does FBRX have?
As of FY2025, Forte Biosciences, Inc. reported — of total debt against $77M of cash.
What is FBRX's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
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.