7 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 grown 44.8% per year over the past 5 years.
Operating margin has expanded, at -187.2% in the latest year.
Financial health
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
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
$85M
-$140M
0.0%
-187.2%
-$110M
—
$60M
2024
$37000
-$161M
0.0%
-507678.4%
-$138M
—
$149M
2023
$21M
-$101M
0.0%
-544.6%
-$79M
—
$249M
2022
$3M
-$107M
0.0%
-3516.5%
-$98M
—
$52M
2021
$18M
-$71M
0.0%
-395.5%
-$78M
—
$153M
2020
$13M
-$57M
0.0%
-424.0%
-$52M
—
$277M
2019
$7M
-$49M
0.0%
-729.4%
-$40M
—
$50M
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
$3M
-$69M
0.0%
-2416.1%
—
—
$72M
Dec '25
$85M
$19M
0.0%
17.3%
$29M
—
$60M
Sep '25
$90000
-$57M
0.0%
-67983.3%
-$46M
—
$49M
Jun '25
$15000
-$55M
0.0%
-396373.3%
-$43M
—
$77M
Mar '25
$14000
-$48M
0.0%
-383007.1%
-$48M
—
$134M
Dec '24
$1000
-$50M
0.0%
-5611700.0%
-$47M
—
$149M
Sep '24
$3000
-$44M
0.0%
-1704400.0%
-$31M
—
$188M
Jun '24
$5000
-$35M
0.0%
-849120.0%
-$31M
—
$189M
Mar '24
$28000
-$32M
0.0%
-136200.0%
-$30M
—
$276M
Dec '23
-$19000
-$32M
0.0%
192905.3%
-$25M
—
$249M
Sep '23
$20M
-$10M
0.0%
-69.2%
-$2M
—
$276M
Jun '23
$239000
-$30M
0.0%
-13446.0%
-$23M
—
$236M
Mar '23
$298000
-$29M
0.0%
-10102.7%
-$29M
—
$79M
Dec '22
$1M
-$27M
0.0%
-2303.1%
-$23M
—
$52M
Sep '22
$500000
-$26M
0.0%
-5299.0%
-$23M
—
$108M
Jun '22
$162000
-$28M
0.0%
-17546.9%
-$22M
—
$113M
Mar '22
$1M
-$26M
0.0%
-2165.1%
-$30M
—
$76M
Dec '21
$92000
-$25M
0.0%
-26917.4%
-$27M
—
$153M
Sep '21
$1M
-$22M
0.0%
-1658.9%
-$18M
—
$91M
Jun '21
$15M
-$8M
0.0%
-52.1%
-$17M
—
$244M
Valuation over time
How the market has priced FDMT 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.
The price-to-sales ratio has fallen from 287.7× (Mar '23) to 7.1× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is FDMT growing its revenue and profit?
Over the past 5 years, 4d Molecular Therapeutics, Inc.'s revenue has grown 44.8% per year. These are computed facts, not advice.
How much debt does FDMT have?
As of FY2025, 4d Molecular Therapeutics, Inc. reported — of total debt against $60M of cash.
What is FDMT's profit margin?
In FY2025, gross margin was —, operating margin -187.2%, and net margin -164.4%.
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.