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FDMT4D Molecular Therapeutics, Inc.
$12.25$640M
Overview & Tools
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FDMT logo

4D Molecular Therapeutics, Inc.

FDMT
NASDAQ · Cell & Gene Therapy
$12.25
At close - Nov 6, 4:00 PM EST - USD
Market Cap$640M
P/E-4.8x
52W High$16.93
Volume993.26K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Milestone Revenue Masks Persistent Cash Burn and Pipeline Risk

4D Molecular Therapeutics' investment thesis is centered on the clinical execution of its adeno-associated virus (AAV) gene therapy pipeline, with its financial trajectory heavily dependent on lumpy, non-recurring collaboration milestones, as evidenced by the $85.1M revenue spike in Q4 2025.

GrowthMixed
ProfitabilityStrained
ValuationReview
TechnicalsMixed
Explore valuation models
MARKET ACTION

FDMT 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

-132% Peers

P/E is 132% below peer median

03

Market leadership

RS 71 · Avg

Average momentum (RS Rating: 71)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystConfirmed earnings · Nov 10

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
FDMT+67.35%
S&P 500 (^GSPC)+7.63%
1-Year Return
FDMT+12.18%
S&P 500 (^GSPC)+9.69%
3-Year Return
FDMT+6.52%
S&P 500 (^GSPC)+81.21%
5-Year Return
FDMT-50.24%
S&P 500 (^GSPC)+67.61%

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$85M+230194.6% YoY
Net income FY25
-$140M+12.9% YoY
Free cash flow FY25
-$109M+21.2% YoY
Operating margin FY25
-187.2%+507491.1 pts YoY
ROIC (FY25)-28.1%
Avg ROIC 5Y-52.4%
ROE (TTM)-41.3%
Piotroski Score5 / 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%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 13, 2026
-$1.04-2.0%
vs -$1.02
$4M+4.4%
vs $4M
Q2 2026
May 7, 2026
-$1.01-4.1%
vs -$0.97
$3M+17.8%
vs $3M
Q2 2026
Mar 18, 2026
$0.43+181.1%
vs -$0.53
$85M+215.2%
vs $27M
Q4 2025
Nov 10, 2025
-$1.01+1.0%
vs -$1.02
$90,000-99.7%
vs $31M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
MarketBeat·Oct 22, 2026
4D Molecular Therapeutics Targets Wet AMD Injection Burden With 4D-150 Gene Therapy

4D Molecular Therapeutics NASDAQ: FDMT used its first Investor Day to outline its development and commercial plans for 4D-150, an investigational intravitreal gene therapy for wet age-related macular degeneration, or wet AMD. Company executives and retina specialists described the therapy as a potential one-time “backbone” treatment intended to provide continuous disease control while reducing the burden of repeat anti-VEGF injections.

Seeking Alpha·Oct 21, 2026
4D Molecular Therapeutics, Inc. (FDMT) Analyst/Investor Day Transcript

4D Molecular Therapeutics, Inc. (FDMT) Analyst/Investor Day Transcript

Defense World·Oct 21, 2026
Reviewing GeoVax Labs (NASDAQ:GOVX) & 4D Molecular Therapeutics (NASDAQ:FDMT)

GeoVax Labs (NASDAQ: GOVX - Get Free Report) and 4D Molecular Therapeutics (NASDAQ: FDMT - Get Free Report) are both small-cap healthcare companies, but which is the better business? We will contrast the two businesses based on the strength of their dividends, risk, profitability, institutional ownership, valuation, earnings and analyst recommendations. Profitability This table compares GeoVax Labs

GlobeNewsWire·Oct 16, 2026
4DMT Announces New Employment Inducement Grants

EMERYVILLE, Calif., Oct. 16, 2026 (GLOBE NEWSWIRE) -- 4D Molecular Therapeutics (Nasdaq: FDMT, 4DMT or the Company), a leading late-stage biotechnology company advancing durable and disease-targeted therapeutics with potential to transform treatment paradigms and provide unprecedented benefits to patients, today announced that on October 13, 2026, the compensation committee of the Company's board of directors granted 13 new non-executive employees options to purchase an aggregate of 260,000 shares of the Company's common stock and 157,600 Restricted Stock Units (RSUs). Each stock option has an exercise price per share equal to $12.36, which was the closing trading price on October 13, 2026, the date of grant. The stock options and RSUs were granted pursuant to the Company's 2025 Employment Inducement Award Plan, as amended, under Rule 5635(c)(4) of The Nasdaq Global Market for equity grants to induce new employees to enter into employment with the Company.

Filtered for 4D Molecular Therapeutics, Inc.More Headlines
04

Compare before deciding

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

Peers Comparison

Key metrics vs top competitors for 4D Molecular Therapeutics, Inc. (FDMT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FDMT logoFDMT4D Molecular Therapeutics, Inc.Current
$12.25$640.38M-4.80—-194.74%-41.33%—
OCGN logoOCGNOcugen, Inc.
$0.93$313.68M-4.808.83%-1367.61%——
KRYS logoKRYSKrystal Biotech, Inc.
$300.88$8.87B41.2133.94%47.91%17.02%—
RCKT logoRCKTRocket Pharmaceuticals, Inc.
$2.38$259.88M-15.80——-5.76%—
QURE logoQUREuniQure N.V.
$21.70$1.51B-6.51-40.64%-1154.84%-96.34%—
EDIT logoEDITEditas Medicine, Inc.
$2.57$394.4M-4.1525.39%-157.32%-196.63%—

Compare FDMT vs Peers

4D Molecular Therapeutics, Inc. (FDMT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs OCGN

Most directly comparable listed peer for FDMT.

Scale Benchmark

vs REGN

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

Peer Set

Compare Top 5

vs OCGN, KRYS, RCKT, QURE

05

Keep researching

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

FDMT SEC Filings & Documents

4D Molecular Therapeutics, Inc. (FDMT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 13, 2026·SEC

Material company update

Jul 20, 2026·SEC

Material company update

Jun 29, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 18, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 13, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 10, 2025·SEC

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FDMT Frequently Asked Questions

4D Molecular Therapeutics, Inc. (FDMT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is 4D Molecular Therapeutics, Inc.'s revenue?

4D Molecular Therapeutics, Inc. (FDMT) reported $92.0M in revenue over the trailing twelve months. Revenue was $85.2M in fiscal year 2025. That is 1372% more than the $5.8M of fiscal year 2017.

How fast is 4D Molecular Therapeutics, Inc. growing?

4D Molecular Therapeutics, Inc. (FDMT) grew revenue by 278712.1% over the trailing twelve months, compared with the twelve months before.

Is FDMT profitable?

No. 4D Molecular Therapeutics, Inc. (FDMT) reported a net loss of $179.2M over the trailing twelve months.

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

4D Molecular Therapeutics, Inc. (FDMT) had a return on equity (ROE) of -41.3% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is 4D Molecular Therapeutics, Inc.'s free cash flow?

4D Molecular Therapeutics, Inc. (FDMT) had negative free cash flow of $156.7M over the trailing twelve months.

What if you invested $1,000 in FDMT back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →