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FHTX logoFoghorn Therapeutics Inc.(FHTX)Earnings, Financials & Key Ratios

FHTX•NASDAQ
$4.20
$238M mkt cap·Price updated May 7, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryOncology Therapeutics Developers
AboutFoghorn Therapeutics Inc., a clinical-stage biopharmaceutical company, discovers and develops medicines targeting genetically determined dependencies within the chromatin regulatory system. The company uses its proprietary Gene Traffic Control platform to identify, validate, and potentially drug targets within the system. It is developing FHD-286, a small molecule inhibitor of the enzymatic activity of BRG1 and BRM for the treatment of metastatic uveal melanoma and relapsed and/or refractory acute myeloid leukemia and myelodysplastic syndrome; and FHD-609, a small molecule protein degrader for BRD9 to treat patients with synovial sarcoma. The company is also developing an enzymatic inhibitor and a protein degrader as selective modulators of BRM; and ARID1B selective modulators for the treatment of ovarian, endometrial, colorectal, bladder, and gastric cancers. It has a research collaboration and license agreement with Merck Sharp & Dohme Corp. to discover and develop novel oncology therapeutics against a transcription factor target; and with Loxo Oncology to create novel oncology medicines. Foghorn Therapeutics Inc. was incorporated in 2015 and is headquartered in Cambridge, Massachusetts.Show more
  • Revenue$31M+36.8%
  • EBITDA-$79M+20.9%
  • Net Income-$74M+14.2%
  • EPS (Diluted)-1.18+25.3%
  • Gross Margin89.22%-10.8%
  • EBITDA Margin-254.86%+42.1%
  • Operating Margin-265.64%+41.5%
  • Net Margin-240.33%+37.3%
Technical→

FHTX Key Insights

Foghorn Therapeutics Inc. (FHTX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 135.1%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Negative free cash flow
  • ✗Shares diluted 14.7% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

FHTX Price & Volume

Foghorn Therapeutics Inc. (FHTX) stock price & volume — 10-year historical chart

Loading chart...

FHTX Growth Metrics

Foghorn Therapeutics Inc. (FHTX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years135.14%
3 Years17.14%
TTM36.75%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM14.24%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM28.92%

Return on Capital

10 Years-64.44%
5 Years-37.36%
3 Years-43.27%
Last Year-46.21%

FHTX Recent Earnings

Foghorn Therapeutics Inc. (FHTX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
Mar 11, 2026
EPS
$0.34
Est $0.28
-21.4%
Revenue
$9M
Est $10M
-8.9%
Q4 2025
Nov 5, 2025
EPS
$0.25
Est $0.31
+19.4%
Revenue
$8M
Est $9M
-14.2%
Q3 2025
Aug 5, 2025
EPS
$0.28
Est $0.31
+9.7%
Revenue
$8M
Est $8M
-7.5%
Q2 2025
May 14, 2025
EPS
$0.30
Est $0.30
+0.0%
Revenue
$6M
Est $6M
-4.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 11, 2026
$0.34vs $0.28-21.4%
$9Mvs $10M-8.9%
Q4 2025Nov 5, 2025
$0.25vs $0.31+19.4%
$8Mvs $9M-14.2%
Q3 2025Aug 5, 2025
$0.28vs $0.31+9.7%
$8Mvs $8M-7.5%
Q2 2025May 14, 2025
$0.30vs $0.30+0.0%
$6Mvs $6M-4.6%
Based on last 12 quarters of dataView full earnings history →

FHTX Peer Comparison

Foghorn Therapeutics Inc. (FHTX) competitors in Oncology Therapeutics Developers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
RVMD logoRVMDRevolution Medicines, Inc.Direct Competitor30.3B142.51-23.95-83.22%0.10
TNGX logoTNGXTango Therapeutics, Inc.Direct Competitor3.19B23.48-26.9948.29%-162.85%-50.3%0.10
VYNE logoVYNEVYNE Therapeutics Inc.Direct Competitor28.8M0.67-1.0913.77%-46.46%-74.15%
PRAX logoPRAXPraxis Precision Medicines, Inc.Direct Competitor9.63B333.28-24.72-100%-43.02%0.00
AUPH logoAUPHAurinia Pharmaceuticals Inc.Product Competitor2B15.147.3120.38%101.47%49.4%0.13
KYMR logoKYMRKymera Therapeutics, Inc.Product Competitor6.91B84.63-22.94-16.72%-6.12%-25.02%0.05
ARQT logoARQTArcutis Biotherapeutics, Inc.Product Competitor2.58B20.66-158.9291.34%-0.57%-1.41%0.03
IMVT logoIMVTImmunovant, Inc.Product Competitor5.53B27.22-9.97-47.07%0.00

Compare FHTX vs Peers

Foghorn Therapeutics Inc. (FHTX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RVMD

Most directly comparable listed peer for FHTX.

Scale Benchmark

vs ABBV

Larger-name benchmark to compare FHTX against a more recognizable public peer.

Peer Set

Compare Top 5

vs RVMD, TNGX, VYNE, PRAX

FHTX Income Statement

Foghorn Therapeutics Inc. (FHTX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue00430K1.32M19.23M34.16M22.6M30.91M
Revenue Growth %---206.74%1357.77%77.63%-33.83%36.75%
Cost of Goods Sold379K1.79M57.72M00003.33M
COGS % of Revenue--13422.09%----10.78%
Gross Profit
-379K▲ 0%
-1.79M▼ 373.1%
-57.28M▼ 3094.9%
1.32M▲ 102.3%
19.23M▲ 1357.8%
34.16M▲ 77.6%
22.6M▼ 33.8%
27.58M▲ 22.0%
Gross Margin %---13322.09%100%100%100%100%89.22%
Gross Profit Growth %--373.09%-3094.92%102.3%1357.77%77.63%-33.83%22.01%
Operating Expenses26.05M49.29M11.25M102.05M136.37M142.06M125.28M109.68M
OpEx % of Revenue--2615.35%7737.15%709.2%415.93%554.31%354.86%
Selling, General & Admin4.82M4.93M11.25M21.73M30.75M32.37M28.36M27.55M
SG&A % of Revenue--2615.35%1647.31%159.91%94.78%125.47%89.13%
Research & Development21.23M44.36M57.72M80.33M105.62M109.69M94.53M85.47M
R&D % of Revenue--13422.09%6089.84%549.29%321.15%418.23%276.51%
Other Operating Expenses00-57.72M0002.4M-3.33M
Operating Income
-26.05M▲ 0%
-51.08M▼ 96.1%
-68.53M▼ 34.2%
-100.73M▼ 47.0%
-117.14M▼ 16.3%
-107.91M▲ 7.9%
-102.68M▲ 4.8%
-82.11M▲ 20.0%
Operating Margin %---15937.44%-7637.15%-609.2%-315.93%-454.31%-265.64%
Operating Income Growth %--96.11%-34.15%-46.99%-16.28%7.88%4.84%20.04%
EBITDA-25.67M-49.29M-67.2M-97.51M-113.82M-104.45M-99.56M-78.78M
EBITDA Margin %---15628.84%-7392.49%-591.93%-305.83%-440.51%-254.86%
EBITDA Growth %--92.02%-36.34%-45.09%-16.73%8.22%4.68%20.88%
D&A (Non-Cash Add-back)379K1.79M1.33M3.23M3.32M3.45M3.12M3.33M
EBIT-25.97M-50.59M-68.53M-99.41M-117.14M-107.91M-100.28M-82.11M
Net Interest Income-258K-45K22K-1.85M5.67M10.88M11.9M8.74M
Interest Income113K495K1M59K5.67M10.88M11.9M8.74M
Interest Expense371K540K979K1.91M0000
Other Income/Expense-288K-44K-269K-586K8.26M13.71M16.06M7.82M
Pretax Income
-26.34M▲ 0%
-51.13M▼ 94.1%
-68.8M▼ 34.6%
-101.32M▼ 47.3%
-108.88M▼ 7.5%
-94.2M▲ 13.5%
-86.62M▲ 8.0%
-74.28M▲ 14.2%
Pretax Margin %---16000%-7681.58%-566.27%-275.8%-383.24%-240.33%
Income Tax83K00004.23M00
Effective Tax Rate %-0.32%0%0%0%0%-4.49%0%0%
Net Income
-26.34M▲ 0%
-51.13M▼ 94.1%
-68.8M▼ 34.6%
-101.32M▼ 47.3%
-108.88M▼ 7.5%
-98.43M▲ 9.6%
-86.62M▲ 12.0%
-74.28M▲ 14.2%
Net Margin %---16000%-7681.58%-566.27%-288.17%-383.24%-240.33%
Net Income Growth %--94.13%-34.56%-47.27%-7.46%9.6%11.99%14.24%
Net Income (Continuing)-26.34M-51.13M-68.8M-101.32M-108.88M-98.43M-86.62M-74.28M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)
-1.34▲ 0%
-1.40▼ 4.5%
-1.90▼ 35.7%
-2.78▼ 46.3%
-2.62▲ 5.8%
-2.34▲ 10.7%
-1.58▲ 32.5%
-1.18▲ 25.3%
EPS Growth %--4.48%-35.71%-46.32%5.76%10.69%32.48%25.32%
EPS (Basic)-1.34-1.40-1.90-2.78-2.62-2.34-1.58-1.18
Diluted Shares Outstanding19.63M36.82M36.79M37.17M41.59M41.97M54.9M62.98M
Basic Shares Outstanding19.63M36.82M36.79M37.17M41.59M41.97M54.9M62.98M
Dividend Payout Ratio--------

FHTX Balance Sheet

Foghorn Therapeutics Inc. (FHTX) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets40.4M16.89M190.69M459.56M351.4M240.18M249.6M163.24M
Cash & Short-Term Investments40.02M14.98M185.77M154.29M345.8M234.06M243.75M158.89M
Cash Only40.02M14.98M92.8M101.14M52.21M80.34M55.45M80.88M
Short-Term Investments0092.97M53.15M293.58M153.72M188.29M78.02M
Accounts Receivable000300M0000
Days Sales Outstanding---83.02K----
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets0541K005.6M6.12M5.85M4.34M
Total Non-Current Assets2.66M5.46M64.91M60.21M53.48M45.73M34.38M34.87M
Property, Plant & Equipment2.09M3.71M62.33M56.08M49.4M42.91M32.6M32.86M
Fixed Asset Turnover--0.01x0.02x0.39x0.80x0.69x0.94x
Goodwill00000000
Intangible Assets00000000
Long-Term Investments566K0000000
Other Non-Current Assets01.74M2.58M4.13M4.09M2.82M1.78M2M
Total Assets
43.06M▲ 0%
22.34M▼ 48.1%
255.59M▲ 1044.0%
519.77M▲ 103.4%
404.88M▼ 22.1%
285.92M▼ 29.4%
283.98M▼ 0.7%
198.1M▼ 30.2%
Asset Turnover--0.00x0.00x0.05x0.12x0.08x0.16x
Asset Growth %--48.11%1044.01%103.36%-22.1%-29.38%-0.68%-30.24%
Total Current Liabilities3.46M12.65M18.85M48.69M55.2M58.44M66.99M59.74M
Accounts Payable2.01M3.44M3.68M3.82M5.41M6.26M3.79M4.27M
Days Payables Outstanding1.94K700.0823.27----467.31
Short-Term Debt04.15M00000923K
Deferred Revenue (Current)002.02M28.32M32.82M34.55M45.61M43.19M
Other Current Liabilities01.92M3.65M5.99M5.06M4.38M4.74M11.36M
Current Ratio11.68x1.33x10.12x9.44x6.37x4.11x3.73x2.73x
Quick Ratio11.68x1.33x10.12x9.44x6.37x4.11x3.73x2.73x
Cash Conversion Cycle--------
Total Non-Current Liabilities78.87M97.71M90.56M374.21M349.57M304.67M262.52M246.87M
Long-Term Debt7.03M10.96M19.65M000040.35M
Capital Lease Obligations0157K58.36M51.34M45.54M36.55M28.06M40.35M
Deferred Tax Liabilities-547K0000000
Other Non-Current Liabilities71.84M86.59M0143K29K00556K
Total Liabilities82.33M110.36M109.41M422.9M404.77M363.11M329.51M306.6M
Total Debt7.03M16.63M82M58.33M51.51M45.07M37.13M41.27M
Net Debt-32.99M1.65M-10.8M-42.8M-707K-35.26M-18.32M-39.61M
Debt / Equity--0.56x0.60x459.88x---
Debt / EBITDA--------
Net Debt / EBITDA--------
Interest Coverage-70.21x-94.60x-70.00x-52.85x----
Total Equity
-39.27M▲ 0%
-88.02M▼ 124.1%
146.19M▲ 266.1%
96.87M▼ 33.7%
112K▼ 99.9%
-77.19M▼ 69019.6%
-45.53M▲ 41.0%
-108.5M▼ 138.3%
Equity Growth %--124.11%266.09%-33.73%-99.88%-69019.64%41.02%-138.31%
Book Value per Share-2.00-2.393.972.610.00-1.84-0.83-1.72
Total Shareholders' Equity-39.27M-88.02M146.19M96.87M112K-77.19M-45.53M-108.5M
Common Stock1K04K4K4K4K6K6K
Retained Earnings-43.01M-94.14M-162.94M-264.26M-373.14M-471.56M-558.18M-632.47M
Treasury Stock00000000
Accumulated OCI-616K0-7K-10K-3.99M-826K135K24K
Minority Interest00000000

FHTX Cash Flow Statement

Foghorn Therapeutics Inc. (FHTX) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-22.65M-46.34M-31.29M-50.25M193.61M-118.11M-100.41M-86.1M
Operating CF Margin %---7275.81%-3809.7%1006.93%-345.79%-444.24%-278.56%
Operating CF Growth %--104.59%32.48%-60.61%485.3%-161%14.99%14.25%
Net Income-26.34M-51.13M-68.8M-101.32M-108.88M-98.43M-86.62M-74.28M
Depreciation & Amortization379K693K1.33M3.23M7.9M3.45M3.12M3.33M
Stock-Based Compensation732K1.69M2.96M8.38M016.19M11.89M10.4M
Deferred Taxes30K084K1.41M0000
Other Non-Cash Items124K1.21M4.44M4.61M13.05M2.56M3.47M6.59M
Working Capital Changes2.42M1.2M28.7M33.44M281.55M-41.88M-32.27M-32.14M
Change in Receivables000-300M300M000
Change in Inventory000-3.17M0000
Change in Payables1.28M1.21M474K135K1.61M846K-2.48M481K
Cash from Investing-1.54M-964K-108.91M36.17M-244.32M144.45M-29.9M112.04M
Capital Expenditures-1.54M-968K-16.18M-3.31M-1.21M-1.22M-906K-50K
CapEx % of Revenue--3763.49%251.18%6.29%3.58%4.01%0.16%
Acquisitions00250K-39.49M0000
Investments--------
Other Investing04K250K39.49M0000
Cash from Financing51.77M23.97M217.47M22.42M1.76M1.78M105.43M1.02M
Debt Issued (Net)11.14M7.98M4.27M-21.2M0000
Equity Issued (Net)1000K1000K1000K1000K1000K01000K1000K
Dividends Paid00000000
Share Repurchases00000000
Other Financing190K691K1.22M1.42M01.78M2.03M0
Net Change in Cash
27.58M▲ 0%
-23.33M▼ 184.6%
77.27M▲ 431.2%
8.34M▼ 89.2%
-48.92M▼ 686.5%
28.12M▲ 157.5%
-24.88M▼ 188.5%
26.96M▲ 208.4%
Free Cash Flow
-24.19M▲ 0%
-47.3M▼ 95.6%
-47.47M▼ 0.4%
-53.56M▼ 12.8%
192.4M▲ 459.2%
-119.33M▼ 162.0%
-101.31M▲ 15.1%
-86.15M▲ 15.0%
FCF Margin %---11039.3%-4060.88%1000.63%-349.38%-448.24%-278.72%
FCF Growth %--95.56%-0.35%-12.84%459.21%-162.02%15.1%14.97%
FCF per Share-1.23-1.28-1.29-1.444.63-2.84-1.85-1.37
FCF Conversion (FCF/Net Income)0.86x0.91x0.45x0.50x-1.78x1.20x1.16x1.16x
Interest Paid0420K000000
Taxes Paid000003.55M860K0

FHTX Key Ratios

Foghorn Therapeutics Inc. (FHTX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)---236.54%-83.37%-224.54%---
Return on Invested Capital (ROIC)---209.7%-79.76%-328.59%---
Gross Margin---13322.09%100%100%100%100%89.22%
Net Margin---16000%-7681.58%-566.27%-288.17%-383.24%-240.33%
Debt / Equity--0.56x0.60x459.88x---
Interest Coverage-70.21x-94.60x-70.00x-52.85x----
FCF Conversion0.86x0.91x0.45x0.50x-1.78x1.20x1.16x1.16x
Revenue Growth---206.74%1357.77%77.63%-33.83%36.75%

FHTX SEC Filings & Documents

Foghorn Therapeutics Inc. (FHTX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 11, 2026·SEC

Material company update

Feb 23, 2026·SEC

Material company update

Jan 12, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 11, 2026·SEC

FY 2025

Mar 6, 2025·SEC

FY 2024

Mar 7, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 5, 2025·SEC

FY 2025

May 14, 2025·SEC

FHTX Frequently Asked Questions

Foghorn Therapeutics Inc. (FHTX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Foghorn Therapeutics Inc. (FHTX) reported $30.9M in revenue for fiscal year 2025.

Foghorn Therapeutics Inc. (FHTX) grew revenue by 36.8% over the past year. This is strong growth.

Foghorn Therapeutics Inc. (FHTX) reported a net loss of $74.3M for fiscal year 2025.

Dividend & Returns

Foghorn Therapeutics Inc. (FHTX) had negative free cash flow of $86.1M in fiscal year 2025, likely due to heavy capital investments.

Explore More FHTX

Foghorn Therapeutics Inc. (FHTX) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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