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FATEFate Therapeutics, Inc.
$1.84$214M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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FATE logo

Fate Therapeutics, Inc.

FATE
NASDAQ · Cell & Gene Therapy
$1.84
At close - Nov 6, 4:00 PM EST - USD
Market Cap$214M
P/E-1.8x
52W High$3.23
Volume1.86M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Cash Runway Dwindles Amid Lumpy Collaboration Revenue

FATE presents a high-risk profile in which aggressive cost discipline has cut quarterly operating losses from -$61.7M in 2024Q4 to -$31.1M in 2026Q2, yet revenue has simultaneously compressed ~69% from $6.8M in 2024Q2 to just $2.1M in 2026Q2, leaving a 15:1 loss-to-revenue ratio that suggests the burn reduction is…

GrowthContracting
ProfitabilityNegative
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

FATE price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-109% Peers

P/E is 109% below peer median

03

Market leadership

RS 48 · Lag

Laggard (Underperforming 52% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 5

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FATE+86.03%
S&P 500 (^GSPC)+7.63%
1-Year Return
FATE+76.44%
S&P 500 (^GSPC)+9.69%
3-Year Return
FATE-26.89%
S&P 500 (^GSPC)+67.73%
5-Year Return
FATE-96.98%
S&P 500 (^GSPC)+56.22%

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$7M-51.2% YoY
Net income FY25
-$136M+26.8% YoY
Free cash flow FY25
-$112M+9.4% YoY
Operating margin FY25
-2222.4%-679.8 pts YoY
ROIC (FY25)-36.5%
Avg ROIC 5Y-35.6%
ROE (TTM)-73.9%
Piotroski Score3 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
-$0.25+7.4%
vs -$0.27
$1M+18.5%
vs $1M
Q3 2026
Aug 13, 2026
-$0.25+1.4%
vs -$0.25
$2M+55.3%
vs $1M
Q2 2026
May 13, 2026
-$0.26+10.3%
vs -$0.29
$1M-12.9%
vs $1M
Q1 2026
Feb 26, 2026
-$0.27+0.0%
vs -$0.27
$1M+2.4%
vs $1M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
GlobeNewsWire·Oct 26, 2026
Fate Therapeutics Presents Updated Preliminary Data for FT819 in Active Lupus Nephritis at American Society of Nephrology Kidney Week 2026

Active LN patients in the Phase 1 study treated with FT819 and the less-intensive conditioning (bendamustine) regimen selected for the RECLAIM-LN study achieved 100% renal response at Month 6, with approximately 50% mean reduction in proteinuria Encouraging safety profile with no dose-limiting toxicities, high-grade CRS, ICANS, GvHD or IEC-HS in autoimmune patients treated with a single dose of FT819; low incidences of infection and cytopenia were also observed Clinical data reinforces the patient value of the ongoing RECLAIM-LN, a Phase 2 potentially registrational study of FT819 in refractory, moderate-to-severe SLE with LN FT819 continues to offer a unique product profile with the simplicity to dose CAR T-cell therapy on-demand in the community setting SAN DIEGO, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Fate Therapeutics, Inc. (NASDAQ: FATE), a clinical-stage biopharmaceutical company dedicated to bringing a transformative and broadly accessible pipeline of induced pluripotent stem cell (iPSC)-derived cellular immunotherapies to patients with cancer and autoimmune diseases, today announced updated Phase 1 clinical data for FT819, its off-the-shelf, available on-demand, anti-CD19 CAR T-cell product candidate, in patients with systemic lupus erythematosus (SLE) with lupus nephritis (LN) were featured in an oral presentation at the American Society of Nephrology (ASN) Kidney Week 2026, held October 22–25 in Denver, Colorado. The oral presentation, "Off-the-Shelf Anti-CD19 Chimeric Antigen Receptor (CAR)-T Cell Therapy with Less-Intensive Fludarabine-Free Conditioning in Lupus Nephritis: Phase 1 Safety and Efficacy," was presented on October 24, 2026, by Jonathan D.

GlobeNewsWire·Oct 2, 2026
Fate Therapeutics Reports New Employee Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

SAN DIEGO, Oct. 02, 2026 (GLOBE NEWSWIRE) -- Fate Therapeutics, Inc. (NASDAQ: FATE), a clinical-stage biopharmaceutical company dedicated to bringing a transformative pipeline of induced pluripotent stem cell (iPSC)-derived cellular immunotherapies to patients with cancer and autoimmune diseases, today announced that on October 1, 2026, the Company granted (i) non-qualified stock options to one newly-hired non-executive employee to purchase a total of 62,900 shares of the Company's common stock at an exercise price per share of $2.30, which was the closing price per share of the Company's common stock as reported by NASDAQ on October 1, 2026, and (ii) restricted stock units (RSUs) representing 72,700 shares of its common stock to two newly-hired non-executive employees, including the newly-hired employee receiving the non-qualified stock options referenced above. The grants were approved by the Compensation Committee of the Company's Board of Directors and granted under the Company's Amended and Restated Inducement Equity Plan as an inducement material to the new employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The options will vest over four years, with 25% of the shares underlying the option vesting on the one-year anniversary of the grant date and the remaining 75% vesting in approximately equal monthly installments over the following thirty-six months, subject to the employee being continuously employed by the Company through each vesting date. The RSUs will vest over four years, with 25% of the shares underlying each RSU award vesting on each anniversary of the grant date, subject to the employees being continuously employed by the Company through each vesting date.

GlobeNewsWire·Oct 1, 2026
Fate Therapeutics to Participate in Upcoming Fourth Quarter 2026 Conferences

SAN DIEGO, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Fate Therapeutics, Inc. (NASDAQ: FATE), a clinical-stage biopharmaceutical company dedicated to bringing a transformative pipeline of induced pluripotent stem cell (iPSC)-derived cellular immunotherapies to patients with cancer and autoimmune diseases, today announced that management will participate in the following investor conferences in the fourth quarter of 2026.

Defense World·Sep 29, 2026
CIRM backs Fate’s FT819 lupus trial

What happened Fate Therapeutics, Inc. (NASDAQ: FATE) said the California Institute for Regenerative Medicine awarded it a $15.0 million CLIN2 grant on September 25, 2026. The grant supports RECLAIM-LN, a Phase 2, potentially registrational trial of FT819 in refractory moderate-to-severe systemic lupus erythematosus with lupus nephritis. RECLAIM-LN, also called FT819-201, is a multicenter, open-label, single-arm

Filtered for Fate Therapeutics, Inc.More Headlines
04

Compare before deciding

Benchmark FATE against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Fate Therapeutics, Inc. (FATE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FATE logoFATEFate Therapeutics, Inc.Current
$1.84$214.47M-1.83-51.24%-2619.64%-73.92%—
CRSP logoCRSPCRISPR Therapeutics AG
$50.07$4.83B-10.62-89.97%-1812.07%-25.59%—
NTLA logoNTLAIntellia Therapeutics, Inc.
$11.35$1.27B-3.7316.92%-805.75%-64.73%—
BEAM logoBEAMBeam Therapeutics Inc.
$26.41$2.72B-25.82120.01%-73.04%-9.69%—
EDIT logoEDITEditas Medicine, Inc.
$2.57$394.4M-4.1525.39%-157.32%-196.63%—
SANA logoSANASana Biotechnology, Inc.
$2.37$659.55M-4.90——-97.08%—

Compare FATE vs Peers

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

Closest Rival

vs CRSP

Most directly comparable listed peer for FATE.

Scale Benchmark

vs JNJ

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

Peer Set

Compare Top 5

vs CRSP, NTLA, BEAM, EDIT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

FATE SEC Filings & Documents

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

8-K Announcements

6
Material company update

Aug 13, 2026·SEC

Material company update

Jun 15, 2026·SEC

Material company update

Jun 4, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 5, 2025·SEC

FY 2024

Feb 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 13, 2026·SEC

FY 2026

May 13, 2026·SEC

FY 2025

Nov 13, 2025·SEC

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FATE Frequently Asked Questions

Fate Therapeutics, Inc. (FATE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Fate Therapeutics, Inc.'s revenue?

Fate Therapeutics, Inc. (FATE) reported $4.8M in revenue over the trailing twelve months. Revenue was $6.6M in fiscal year 2025. That is 468% more than the $1.2M of fiscal year 2011.

How fast is Fate Therapeutics, Inc. growing?

Fate Therapeutics, Inc. (FATE) revenue fell by 33.4% over the trailing twelve months, compared with the twelve months before.

Is FATE profitable?

No. Fate Therapeutics, Inc. (FATE) reported a net loss of $124.4M over the trailing twelve months.

Dividend & Returns
What is FATE's return on equity?

Fate Therapeutics, Inc. (FATE) had a return on equity (ROE) of -73.9% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Fate Therapeutics, Inc.'s free cash flow?

Fate Therapeutics, Inc. (FATE) had negative free cash flow of $107.0M over the trailing twelve months.

What if you invested $1,000 in FATE back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

See returns →