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FDMT · NASDAQ · Biotechnology

4D Molecular Therapeutics (FDMT)

Engineers virus-based gene therapies for eye and lung diseases, led by a late-stage retinal candidate.

$14.79

vs last close−1.09 (−6.86%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	20	0	0	0	0	0	0	0	0	85	3	4
Cost of revenue	25	26	28	32	38	2	41	48	47	2	2	2
Gross profit	−5	−26	−28	−32	−38	−2	−41	−48	−47	83	1	2
	9	11	10	11	13	54	13	12	14	68	75	79
Research & development	25	26	28	32	38	43	41	48	49	58	65	68
	9	11	10	11	13	15	13	12	12	13	12	13
Selling & marketing	0	0	0	0	0	2	0	0	0	0	0	0
General & administrative	9	11	10	11	13	13	13	12	12	13	12	13
Other expenses	−25	−26	−28	−32	−38	−3	−41	−48	−47	−2	−2	−2
Operating income	−14	−37	−38	−42	−51	−56	−54	−59	−61	15	−74	−77
	4	4	6	8	7	6	6	5	4	5	5	4
Interest income	4	4	6	8	7	6	6	5	4	5	5	4
Other non-operating income	0	−4	−6	−8	−7	−6	−6	−5	−4	4	−5	0
Income before tax	−10	−32	−32	−35	−44	−50	−48	−55	−57	19	−69	−73
Net income from continuing operations	−10	−32	−32	−35	−44	−50	−48	−55	−57	19	−69	−73
Net income	−10	−32	−32	−35	−44	−50	−48	−55	−57	19	−69	−73
EPS, basic	−$0.24	−$0.83	−$0.66	−$0.63	−$0.79	−$0.90	−$0.86	−$0.98	−$1.01	$0.34	−$1.01	−$1.04
EPS, diluted	−$0.24	−$0.83	−$0.66	−$0.63	−$0.79	−$0.90	−$0.86	−$0.98	−$1.01	$0.34	−$1.01	−$1.04
Weighted average shares, basic	42	39	49	55	56	54	56	56	56	58	68	70
Weighted average shares, diluted	42	39	49	55	56	54	56	56	56	58	68	70
EBITDA	−13	−31	−31	−34	−42	−48	−46	−53	−56	12	−67	−75
Depreciation & amortization	1	1	1	1	2	2	2	1	1	2	2	2
EBIT	−14	−32	−32	−35	−44	−50	−48	−55	−57	10	−69	−77