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FBRXForte Biosciences, Inc.
$76.99$1.8B
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FBRX logo

Forte Biosciences, Inc.

FBRX
NASDAQ · Biotechnology
$76.99
At close - Sep 8, 4:00 PM EDT - USD
Market Cap$1.83B
P/E-16.3x
52W High$77.20
Volume1.86M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Clinical Pivot to FB-102 Accelerates Cash Burn

Forte Biosciences is in a high-risk, capital-intensive transition, having pivoted from the failed FB-401 program to the FB-102 asset, which is driving a sharp increase in R&D expenses and operating losses. The company's investment thesis is entirely dependent ...

GrowthStable
ProfitabilityNegative
ValuationReview
TechnicalsStrong
Explore valuation models
MARKET ACTION

FBRX 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

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-139% Peers

P/E is 139% below peer median

03

Market leadership

RS 98 · Leader

High momentum (Outperforming 98% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 11

Market performance

Price History →

Trailing total returns as of 9/9/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FBRX+226.09%
S&P 500 (^GSPC)+12.12%
1-Year Return
FBRX+591.73%
S&P 500 (^GSPC)+18.05%
3-Year Return
FBRX+267.85%
S&P 500 (^GSPC)+75.30%
5-Year Return
FBRX-25.79%
S&P 500 (^GSPC)+71.25%

Growth & profitability

Annual revenue & EPS trend
Revenue
-
Net income
-$69M-95.5% YoY
Free cash flow
-$51M-65.7% YoY
Operating margin
-
ROIC (TTM)-742.7%
Avg ROIC 5Y-
ROE (TTM)-122.3%
Piotroski Score1 / 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 Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 11, 2026
-$0.97+10.2%
vs -$1.08
—
vs —
Q2 2026
May 21, 2026
-$1.24-6.9%
vs -$1.16
—
vs —
Q2 2026
May 11, 2026
-$1.24-6.9%
vs -$1.16
—
vs —
Q2 2026
Mar 31, 2026
-$1.45-2.1%
vs -$1.42
—
vs —
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·Aug 27, 2026
argenx Completes Acquisition of Forte Biosciences, Inc.

Acquisition adds first-in-class anti-CD122 Antibody, FB102, to argenx's immunology pipeline August 27, 2026 – 8:50 AM ET Amsterdam, the Netherlands – argenx (Euronext & Nasdaq: ARGX), a global immunology innovation company today announced the successful completion of the acquisition of Forte Biosciences, Inc. (“Forte”) (Nasdaq: FBRX). The acquisition expands argenx's portfolio of differentiated immunology medicines, adding FB102, a first-in-class anti-CD122 antibody with clinical proof-of-concept in vitiligo and celiac disease and potential to address multiple autoimmune diseases.

GuruFocus·Aug 12, 2026
Are SUNS, VREX, CHMI, FBRX Obtaining Fair Deals for their Shareholders?

Are SUNS, VREX, CHMI, FBRX Obtaining Fair Deals for their Shareholders? PR Newswire NEW YORK, Aug. 12, 2026

PRNewsWire·Aug 12, 2026
Are SUNS, VREX, CHMI, FBRX Obtaining Fair Deals for their Shareholders?

/PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws

GuruFocus·Aug 8, 2026
FBRX Stock Alert: Halper Sadeh LLC is Investigating Whether Forte Biosciences, Inc. is Obtaining a Fair Price for its Shareholders

Halper Sadeh LLC, an investor rights law firm, is investigating the sale of Forte Biosciences, Inc. (NASDAQ: FBRX) to argenx for $77.00 per share in cash.Halper

Filtered for Forte Biosciences, Inc.More Headlines
04

Compare before deciding

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

Peers Comparison

Key metrics vs top competitors for Forte Biosciences, Inc. (FBRX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FBRX logoFBRXForte Biosciences, Inc.Current
$76.99$1.83B-16.35——-122.28%—
ETON logoETONEton Pharmaceuticals, Inc.
$59.35$1.63B-349.09104.94%12.02%40.13%—
PRAX logoPRAXPraxis Precision Medicines, Inc.
$352.48$9.83B-26.15-100%—-34.15%—
SLDB logoSLDBSolid Biosciences Inc.
$9.93$977.6M-4.99——-72.28%—
TARS logoTARSTarsus Pharmaceuticals, Inc.
$87.22$3.75B-54.86146.71%-7.67%-13.53%—
NUVL logoNUVLNuvalent, Inc.
$123.96$9.13B-21.19——-42.78%—

Compare FBRX vs Peers

Forte Biosciences, Inc. (FBRX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ETON

Most directly comparable listed peer for FBRX.

Scale Benchmark

vs ABBV

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

Peer Set

Compare Top 5

vs ETON, PRAX, SLDB, TARS

05

Keep researching

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

FBRX SEC Filings & Documents

Forte Biosciences, Inc. (FBRX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 27, 2026·SEC

Material company update

Jul 27, 2026·SEC

Material company update

Jul 9, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 31, 2026·SEC

FY 2025

Mar 28, 2025·SEC

FY 2024

Mar 18, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 12, 2026·SEC

FY 2026

May 11, 2026·SEC

FY 2025

Nov 14, 2025·SEC

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FBRX Frequently Asked Questions

Forte Biosciences, Inc. (FBRX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
Is FBRX profitable?

Forte Biosciences, Inc. (FBRX) reported a net loss of $87.9M for fiscal year 2025.

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

Forte Biosciences, Inc. (FBRX) has a return on equity (ROE) of -122.3%. Negative ROE indicates the company is unprofitable.

What is Forte Biosciences, Inc.'s free cash flow?

Forte Biosciences, Inc. (FBRX) had negative free cash flow of $72.0M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in FBRX back in 2015?

Total return calculator · dividends reinvested · 11+ years of data

See returns →