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 135.1% per year over the past 5 years.
Operating margin has expanded, at -279.5% 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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$31M
-$74M
0.0%
-279.5%
68.5%
-37.5%
-$86M
—
$81M
2024
$23M
-$87M
0.0%
-454.3%
190.3%
-30.5%
-$101M
—
$55M
2023
$34M
-$98M
0.0%
-315.9%
127.5%
-34.4%
-$119M
—
$80M
2022
$19M
-$109M
0.0%
-609.2%
-97216.1%
-26.9%
$192M
—
$52M
2021
$1M
-$101M
0.0%
-7637.1%
-104.6%
-19.5%
-$54M
$0
$101M
2020
$430000
-$69M
0.0%
-15937.4%
-47.1%
-26.9%
-$47M
$20M
$93M
2019
—
-$51M
—
—
58.1%
-228.8%
-$47M
$15M
$15M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$16M
-$7M
0.0%
-54.8%
8.9%
-3.5%
-$18M
—
$68M
Mar '26
$3M
-$20M
0.0%
-660.3%
26.0%
-8.9%
-$25M
—
$88M
Dec '25
$9M
-$22M
0.0%
-258.2%
20.0%
-10.9%
-$22M
—
$81M
Sep '25
$8M
-$16M
0.0%
-226.9%
17.7%
-7.7%
-$19M
—
$89M
Jun '25
$8M
-$18M
0.0%
-279.2%
23.4%
-7.9%
-$21M
—
$73M
Mar '25
$6M
-$19M
0.0%
-385.0%
30.5%
-7.3%
-$24M
—
$61M
Dec '24
$3M
-$20M
0.0%
-840.5%
42.8%
-6.9%
-$25M
—
$55M
Sep '24
$8M
-$19M
0.0%
-305.5%
67.6%
-6.2%
-$21M
—
$58M
Jun '24
$7M
-$23M
0.0%
-386.6%
160.4%
-7.0%
-$26M
—
$139M
Mar '24
$5M
-$25M
0.0%
-558.3%
25.7%
-9.8%
-$29M
—
$79M
Dec '23
$6M
-$24M
0.0%
-441.3%
31.2%
-8.4%
-$28M
—
$80M
Sep '23
$17M
-$14M
0.0%
-97.7%
25.0%
-4.6%
-$27M
—
$70M
Jun '23
$6M
-$29M
0.0%
-572.4%
59.8%
-8.7%
-$33M
—
$58M
Mar '23
$5M
-$30M
0.0%
-627.6%
124.0%
-8.2%
-$32M
—
$51M
Dec '22
$4M
-$29M
0.0%
-762.1%
-25791.1%
-7.1%
-$29M
—
$52M
Sep '22
$7M
-$26M
0.0%
-426.0%
-105.9%
-5.9%
-$20M
—
$88M
Jun '22
$4M
-$27M
0.0%
-650.1%
-57.3%
-6.0%
-$29M
—
$61M
Mar '22
$4M
-$27M
0.0%
-709.3%
-37.2%
-5.5%
$271M
—
$214M
Dec '21
$713000
-$29M
0.0%
-3938.6%
-30.1%
-5.6%
$12M
$0
$101M
Sep '21
$41000
-$26M
0.0%
-64051.2%
-32.2%
-14.0%
-$21M
$20M
$58M
Valuation over time
How the market has priced FHTX 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 19.2× (Mar '23) to 4.1× (Nov '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is FHTX growing its revenue and profit?
Over the past 5 years, Foghorn Therapeutics Inc.'s revenue has grown 135.1% per year. These are computed facts, not advice.
How much debt does FHTX have?
As of FY2025, Foghorn Therapeutics Inc. reported — of total debt against $81M of cash.
What is FHTX's profit margin?
In FY2025, gross margin was —, operating margin -279.5%, and net margin -240.3%.
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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.