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NASDAQ · Health care

Forte Biosciences, Inc. (FBRX)

It posted a net loss of $87.9M. In fiscal 2025 capital spending exceeded operating cash flow by $51M. At June 30, 2026 it held $49.6M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 12, 2026.

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Price
$76.99
0.00% on the day · August 26, 2026
52-week range $10.11 to $77.20
Market cap
$1.6B

Key facts about Forte Biosciences, Inc.

Net worth
Forte Biosciences, Inc. has a market value (market cap) of $1.6B at the latest share price, and shareholders' equity of $183.8M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2019 revenue was $36K (-99.8% year on year), with a net loss of $4.1M.
Cash flow
In fiscal 2025 operations used $50.9M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 12, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR

What Forte Biosciences, Inc. does

Forte Biosciences, Inc. is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker FBRX.

Revenue and profit by year

Revenue
FY18: $18M $18M FY18FY19: $36K $36K FY19
Net income
FY18: -$49M -$49M FY18FY19: -$4.1M -$4.1M FY19FY20: -$46.5M -$46.5M FY20FY21: -$21.7M -$21.7M FY21FY22: -$13.9M -$13.9M FY22FY23: -$31.5M -$31.5M FY23FY24: -$35.5M -$35.5M FY24FY25: -$69.4M -$69.4M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025n/a-$70.7M-$69.4M-$4.71-$51M
2024n/a-$36.6M-$35.5M-$12.17-$30.8M
2023n/a-$32.5M-$31.5M-$24.92-$28.8M
2022n/a-$13.9M-$13.9M-$19.94n/a
2021n/a-$21.5M-$21.7M-$38.63n/a
2020n/a-$46.3M-$46.5M-$157.49n/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Latest SEC filings

What Forte Biosciences, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 4, 2026
  2. September 8, 2026
  3. September 8, 2026
  4. September 8, 2026
  5. August 27, 2026
  6. August 27, 2026
  7. August 27, 2026
  8. August 27, 2026
  9. August 27, 2026
  10. August 27, 2026

Recent insider filings (Forms 3, 4 and 144): 9, the latest on August 27, 2026. Insider transactions on SEC

Insider trades

What the people running Forte Biosciences, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider bought or sold shares on the open market in the last 90 days. The 4 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
August 27, 2026 Gryska David WDirector Other change 5,940 - - Form 4
August 27, 2026 Riley Antony ACHIEF FINANCIAL OFFICER Other change 42,600 - - Form 4
August 27, 2026 Wagner Paul A.SEE REMARKS, Director Other change 85,482 - - Form 4
August 27, 2026 Kornfeld StevenDirector Other change 3,960 - - Form 4
July 1, 2026 Riley Antony ACHIEF FINANCIAL OFFICER Exercised options 375 - - Form 4
July 1, 2026 Riley Antony ACHIEF FINANCIAL OFFICER Shares withheld for tax 134 $21.32 $2.9K Form 4
July 1, 2026 Wagner Paul A.SEE REMARKS, Director Exercised options 1,250 - - Form 4
July 1, 2026 Wagner Paul A.SEE REMARKS, Director Shares withheld for tax 98 $21.32 $2.1K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns FBRX

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
JANUS HENDERSON GROUP Ltd.13G, passive 9.3% 1,894,076 August 13, 2026
MPM BioImpact LLC13G, passive 7.2% 1,000,682 May 15, 2026
Orbimed Advisors LLC13G, passive with 2 related filers 6.2% 1,264,980 August 14, 2026
Affinity Asset Advisors, LLC13G, passive with 1 related filers 5.6% 1,145,391 August 13, 2026

Latest filings below 5%: Tybourne Capital Management (HK) Ltd 0% (November 4, 2026); Adage Capital Management, L.P. 3.42% (August 12, 2026); Glazer Capital, LLC 1.46% (August 11, 2026); Alger Associates, Inc. 4.6% (August 7, 2026); Millennium Management LLC 3.2% (July 16, 2026).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

No insider reported holdings on a Form 4 in the last 12 months.

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about FBRX

What does Forte Biosciences, Inc. do?

Forte Biosciences, Inc. is a company in the Health care sector, listed on NASDAQ as FBRX. Its shares trade on NASDAQ under the ticker FBRX.

What is Forte Biosciences, Inc.'s net worth?

Forte Biosciences, Inc. has a market value (market cap) of $1.6B at the latest share price, and shareholders' equity of $183.8M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Forte Biosciences, Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $87.9M.

When did Forte Biosciences, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 12, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the passive stake changed from November 4, 2026.

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Where the numbers come from

Financial figures are the values Forte Biosciences, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.