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4D Molecular Therapeutics, Inc. (FDMT) 10-Year Financial Performance & Capital Metrics

FDMT • • Industrial / General
HealthcareBiotechnologyRare Genetic DiseasesGene Therapy & Rare Diseases
About4D Molecular Therapeutics, Inc., a clinical-stage gene therapy company, develops product candidates using its adeno-associated viruses vectors. It develops a portfolio of gene therapy product candidates focuses in three therapeutic areas: ophthalmology, cardiology, and pulmonology. The company has three product candidates that are in clinical trials: 4D-125 that is in a Phase 1/2 clinical trial for the treatment of X-linked retinitis pigmentosa; 4D-110 that is in a Phase 1/2 clinical trial for the treatment of choroideremia; and 4D-310, which is in a Phase 1/2 clinical trial for the treatment of Fabry disease. Its two IND candidates are 4D-150 for the treatment of wet age-related macular degeneration and 4D-710 for the treatment of cystic fibrosis lung disease. 4D Molecular Therapeutics, Inc. has research and collaboration arrangements with uniQure; CRF; Roche; and CFF. The company was founded in 2013 and is headquartered in Emeryville, California.4D Molecular Therapeutics, Inc., a clinical-stage gene therapy company, develops product candidates using its adeno-associated viruses vectors. It develops a portfolio of gene therapy product candidates focuses in three therapeutic areas: ophthalmology, cardiology, and pulmonology. The company has three product candidates that are in clinical trials: 4D-125 that is in a Phase 1/2 clinical trial for the treatment of X-linked retinitis pigmentosa; 4D-110 that is in a Phase 1/2 clinical trial for the treatment of choroideremia; and 4D-310, which is in a Phase 1/2 clinical trial for the treatment of Fabry disease. Its two IND candidates are 4D-150 for the treatment of wet age-related macular degeneration and 4D-710 for the treatment of cystic fibrosis lung disease. 4D Molecular Therapeutics, Inc. has research and collaboration arrangements with uniQure; CRF; Roche; and CFF. The company was founded in 2013 and is headquartered in Emeryville, California.Show more
  • Revenue $37K -99.8%
  • EBITDA -$181M -66.7%
  • Net Income -$161M -59.5%
  • EPS (Diluted) -2.98 -15.5%
  • Gross Margin 100% +127.1%
  • EBITDA Margin -489556.76% -93262.8%
  • Operating Margin -507678.38% -93112.5%
  • Net Margin -434778.38% -89251.3%
  • ROE -39.31% -5.1%
  • ROIC -61.35% +2.7%
  • Debt/Equity 0.05 +1.1%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 82 (top 18%)
  • ✓Trading at only 0.8x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Sales declining 64.9% over 5 years
  • ✗Shares diluted 37.9% 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.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-64.94%
3Y-87.29%
TTM605.88%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-45.79%

EPS CAGR

10Y-
5Y-
3Y-
TTM-28.87%

ROCE

10Y Avg-41%
5Y Avg-36.16%
3Y Avg-40.54%
Latest-44.09%

Peer Comparison

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Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+5.79M14.13M6.99M13.61M18.04M3.13M20.72M37K
Revenue Growth %-1.44%-0.51%0.95%0.33%-0.83%5.62%-1%
Cost of Goods Sold+13.57M18.36M38.72M53.04M61.36M80.25M97.1M0
COGS % of Revenue2.34%1.3%5.54%3.9%3.4%25.65%4.69%-
Gross Profit+-7.78M-4.23M-31.73M-39.43M-43.32M-77.12M-76.37M37K
Gross Margin %-1.34%-0.3%-4.54%-2.9%-2.4%-24.65%-3.69%1%
Gross Profit Growth %-0.46%-6.5%-0.24%-0.1%-0.78%0.01%1%
Operating Expenses+17.06M24.53M19.03M17.24M28.01M32.91M36.49M187.88M
OpEx % of Revenue2.95%1.74%2.72%1.27%1.55%10.52%1.76%5077.78%
Selling, General & Admin3.49M6.17M13.89M17.24M28.01M32.91M36.49M46.58M
SG&A % of Revenue0.6%0.44%1.99%1.27%1.55%10.52%1.76%1258.89%
Research & Development13.57M18.36M43.85M53.04M61.36M80.25M97.1M141.3M
R&D % of Revenue2.34%1.3%6.28%3.9%3.4%25.65%4.69%3818.89%
Other Operating Expenses-40K-2K-38.72M-53.04M-61.36M-80.25M-97.1M0
Operating Income+-11.27M-10.4M-50.76M-56.66M-71.33M-110.03M-112.87M-187.84M
Operating Margin %-1.95%-0.74%-7.27%-4.16%-3.95%-35.17%-5.45%-5076.78%
Operating Income Growth %-0.08%-3.88%-0.12%-0.26%-0.54%-0.03%-0.66%
EBITDA+-10.65M-9.7M-49.76M-55.22M-69.81M-107.63M-108.66M-181.14M
EBITDA Margin %-1.84%-0.69%-7.12%-4.06%-3.87%-34.4%-5.24%-4895.57%
EBITDA Growth %-0.09%-4.13%-0.11%-0.26%-0.54%-0.01%-0.67%
D&A (Non-Cash Add-back)626K697K1M1.44M1.52M2.4M4.2M6.71M
EBIT-11.27M-10.4M-45.63M-56.66M-71.33M-110.03M-112.87M-187.84M
Net Interest Income+89K850K1.5M152K137K2.57M12.21M27.05M
Interest Income89K850K1.5M152K137K2.57M12.21M27.05M
Interest Expense00000000
Other Income/Expense49K848K1.46M-29K16K2.54M12.03M26.97M
Pretax Income+-11.22M-9.55M-49.31M-56.69M-71.32M-107.49M-100.84M-160.87M
Pretax Margin %-1.94%-0.68%-7.06%-4.16%-3.95%-34.35%-4.87%-4347.78%
Income Tax+-89K0000000
Effective Tax Rate %1%1%1%1%1%1%1%1%
Net Income+-11.22M-9.55M-49.31M-56.69M-71.32M-107.49M-100.84M-160.87M
Net Margin %-1.94%-0.68%-7.06%-4.16%-3.95%-34.35%-4.87%-4347.78%
Net Income Growth %-0.15%-4.16%-0.15%-0.26%-0.51%0.06%-0.6%
Net Income (Continuing)-11.22M-9.55M-49.31M-56.69M-71.32M-107.49M-100.84M-160.87M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)+-0.76-0.76-2.00-2.12-2.46-3.12-2.58-2.98
EPS Growth %-0%-1.63%-0.06%-0.16%-0.27%0.17%-0.16%
EPS (Basic)-0.76-0.76-2.00-2.12-2.46-3.12-2.58-2.98
Diluted Shares Outstanding14.84M12.52M26.49M26.68M27.73M32.35M39.13M53.94M
Basic Shares Outstanding14.84M12.52M26.49M26.68M27.73M32.35M39.13M53.94M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+24.5M94.07M52.51M282.66M256.28M220.51M296.59M434.93M
Cash & Short-Term Investments23.85M91.76M49.65M276.73M247.78M213.55M288.23M424.88M
Cash Only23.85M91.76M49.65M276.73M153M52.35M249.11M149.34M
Short-Term Investments000094.78M161.2M39.12M275.54M
Accounts Receivable321K1.12M978K1.49M47K700K00
Days Sales Outstanding20.2429.0351.139.850.9581.66--
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets0004.44M06.26M8.36M10.05M
Total Non-Current Assets+2.82M2.9M5.73M5.67M97.21M41.34M43.3M125.45M
Property, Plant & Equipment2.72M2.47M5.05M5.07M28.95M35.35M31.66M40.61M
Fixed Asset Turnover2.13x5.72x1.38x2.68x0.62x0.09x0.65x0.00x
Goodwill00000000
Intangible Assets00000000
Long-Term Investments000067.65M4.91M10.95M80.58M
Other Non-Current Assets105K429K677K602K602K1.08M684K4.26M
Total Assets+27.32M96.97M58.23M288.33M353.49M261.85M339.89M560.38M
Asset Turnover0.21x0.15x0.12x0.05x0.05x0.01x0.06x0.00x
Asset Growth %-2.55%-0.4%3.95%0.23%-0.26%0.3%0.65%
Total Current Liabilities+5.91M8.05M12.96M16.74M16.34M15.73M18.95M29.15M
Accounts Payable460K954K1.74M1.79M4.76M3.32M3.52M4.39M
Days Payables Outstanding12.3718.9616.4412.328.3415.1113.21-
Short-Term Debt000002.65M00
Deferred Revenue (Current)1000K1000K1000K1000K1000K884K273K257K
Other Current Liabilities279K00003.18M3.87M0
Current Ratio4.15x11.68x4.05x16.88x15.69x14.02x15.65x14.92x
Quick Ratio4.15x11.68x4.05x16.88x15.69x14.02x15.65x14.92x
Cash Conversion Cycle--------
Total Non-Current Liabilities+41M116.5M118.25M15.2M18.04M14.78M13.11M20.63M
Long-Term Debt00000000
Capital Lease Obligations000015.22M13.47M11.52M18.97M
Deferred Tax Liabilities00000000
Other Non-Current Liabilities18.81M103.43M104.65M1.97M334K233K617K603K
Total Liabilities46.91M124.56M131.2M31.94M34.38M30.51M32.06M49.78M
Total Debt+000016.45M16.12M14.67M24.61M
Net Debt-23.85M-91.76M-49.65M-276.73M-136.55M-36.23M-234.44M-124.73M
Debt / Equity----0.05x0.07x0.05x0.05x
Debt / EBITDA--------
Net Debt / EBITDA--------
Interest Coverage--------
Total Equity+-19.59M-27.59M-72.97M256.39M319.11M231.34M307.83M510.61M
Equity Growth %--0.41%-1.65%4.51%0.24%-0.28%0.33%0.66%
Book Value per Share-1.32-2.20-2.759.6111.517.157.879.47
Total Shareholders' Equity-19.59M-27.59M-72.97M256.39M319.11M231.34M307.83M510.61M
Common Stock1K1K1K3K3K3K4K5K
Retained Earnings-20.48M-30.03M-79.03M-135.68M-207M-314.49M-415.33M-576.2M
Treasury Stock00000000
Accumulated OCI-18.51M-102.98M-102.98M-288.33M-423K-1.2M16K229K
Minority Interest00000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+8.24M-16.25M-36.71M-50.91M-69.13M-86.69M-75.79M-134.59M
Operating CF Margin %1.42%-1.15%-5.25%-3.74%-3.83%-27.7%-3.66%-3637.43%
Operating CF Growth %--2.97%-1.26%-0.39%-0.36%-0.25%0.13%-0.78%
Net Income-11.22M-9.55M-49.31M-56.69M-71.32M-107.49M-100.84M-160.87M
Depreciation & Amortization626K697K1M1.44M3.02M3.88M5.75M6.71M
Stock-Based Compensation256K1.38M04.98M13.8M019.66M26.12M
Deferred Taxes00000000
Other Non-Cash Items39K2K11.33M69K898K18.27M-999K-7.08M
Working Capital Changes18.54M-8.78M259K-712K-15.53M-1.34M630K537K
Change in Receivables-320K-803K146K-508K1.44M47K00
Change in Inventory-53K175K00-4.54M000
Change in Payables-114K438K533K43K2.29M-1.64M896K871K
Cash from Investing+7.67M-414K-3.2M-1M-172.68M-17.05M115.72M-302.44M
Capital Expenditures-573K-414K-3.2M-1M-9.11M-11.54M-2.77M-3.79M
CapEx % of Revenue0.1%0.03%0.46%0.07%0.51%3.69%0.13%102.32%
Acquisitions--------
Investments--------
Other Investing24K000-9.11M0173.29M0
Cash from Financing+16K84.58M-2.19M278.98M118.09M3.08M156.83M337.25M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing084.58M0857K3.79M08.49M5.84M
Net Change in Cash--------
Free Cash Flow+7.66M-16.67M-39.91M-51.91M-78.24M-98.22M-78.56M-138.37M
FCF Margin %1.32%-1.18%-5.71%-3.81%-4.34%-31.39%-3.79%-3739.76%
FCF Growth %--3.17%-1.39%-0.3%-0.51%-0.26%0.2%-0.76%
FCF per Share0.52-1.33-1.51-1.95-2.82-3.04-2.01-2.57
FCF Conversion (FCF/Net Income)-0.73x1.70x0.74x0.90x0.97x0.81x0.75x0.84x
Interest Paid00000000
Taxes Paid00000000

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)----61.82%-24.78%-39.06%-37.4%-39.31%
Return on Invested Capital (ROIC)-----65.96%-43.7%-63.05%-61.35%
Gross Margin-134.42%-29.95%-454.22%-289.64%-240.17%-2464.81%-368.54%100%
Net Margin-193.83%-67.59%-705.78%-416.49%-395.37%-3435.41%-486.59%-434778.38%
Debt / Equity----0.05x0.07x0.05x0.05x
FCF Conversion-0.73x1.70x0.74x0.90x0.97x0.81x0.75x0.84x
Revenue Growth-144.04%-50.56%94.85%32.52%-82.65%562.29%-99.82%

Revenue by Segment

20202021202220232024
Collaboration And License Revenue13.61M18.04M3.13M20.01M37K
Collaboration And License Revenue Growth-32.52%-82.65%539.44%-99.82%

Revenue by Geography

20202021202220232024
UNITED STATES-27K121K35K20.16M37K
UNITED STATES Growth-548.15%-71.07%57488.57%-99.82%
NETHERLANDS742K736K3.09M567K-
NETHERLANDS Growth--0.81%320.38%-81.67%-
SWITZERLAND12.9M17.18M---
SWITZERLAND Growth-33.22%---
AUSTRALIA-----
AUSTRALIA Growth-----

Frequently Asked Questions

Growth & Financials

4D Molecular Therapeutics, Inc. (FDMT) reported $0.1M in revenue for fiscal year 2024. This represents a 98% decrease from $5.8M in 2017.

4D Molecular Therapeutics, Inc. (FDMT) saw revenue decline by 99.8% over the past year.

4D Molecular Therapeutics, Inc. (FDMT) reported a net loss of $209.2M for fiscal year 2024.

Dividend & Returns

4D Molecular Therapeutics, Inc. (FDMT) has a return on equity (ROE) of -39.3%. Negative ROE indicates the company is unprofitable.

4D Molecular Therapeutics, Inc. (FDMT) had negative free cash flow of $185.1M in fiscal year 2024, likely due to heavy capital investments.

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