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FDMT Financials 4d Molecular Therapeutics, Inc.

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
-$161M -$38M $85M $0 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-507678% -253839% 0% 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$138M -$69M $0 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $138M $277M 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$302M $17M $337M $0 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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

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.

Price / sales (P/S)
0.0 8250.4 16500.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.