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4D Molecular Therapeutics, Inc. (FDMT)

4D Molecular Therapeutics, Inc. brought in $92M of revenue over the twelve months to June 30, 2026, up 278,712.1% from a year earlier. It posted a net loss of $179.2M. In fiscal 2025 capital spending exceeded operating cash flow by $109.6M. At June 30, 2026 it held $70.4M in cash against $19.6M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 13, 2026.

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Price
$12.48
+1.88% on the day · November 9, 2026
52-week range $6.96 to $16.93
Market cap
$689.4M
Revenue (last 12 months)
$92M
+278,712.1% year on year
Net margin
-194.7%

Key facts about 4D Molecular Therapeutics, Inc.

Net worth
4D Molecular Therapeutics, Inc. has a market value (market cap) of $689.4M at the latest share price, and shareholders' equity of $407.7M 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 2025 revenue was $85.2M (+230,194.6% year on year), with a net loss of $140.1M. Over the 12 months to June 30, 2026: revenue $92M, net loss $179.2M.
Cash flow
In fiscal 2025 operations used $109.1M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 13, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
Next earnings report
4D Molecular Therapeutics, Inc.'s next report was expected around November 5, 2026 and is not on file with the SEC yet.

What 4D Molecular Therapeutics, Inc. does

4D Molecular Therapeutics, Inc. is registered with the SEC under industry code SIC 2836 (Biological Products, (No Diagnostic Substances)). Its shares trade on NASDAQ under the ticker FDMT.

Revenue and profit by year

Revenue
FY20: $7M $7M FY20FY20: $13.6M $13.6M FY20FY21: $18M $18M FY21FY22: $3.1M $3.1M FY22FY23: $20.7M $20.7M FY23FY24: $37K $37K FY24FY25: $85.2M $85.2M FY25
Net income
FY20: -$49.3M -$49.3M FY20FY20: -$56.7M -$56.7M FY20FY21: -$71.3M -$71.3M FY21FY22: -$107.5M -$107.5M FY22FY23: -$100.8M -$100.8M FY23FY24: -$160.9M -$160.9M FY24FY25: -$140.1M -$140.1M FY25

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

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$85.2M-$159.5M-$140.1M-$2.42-$109.6M
2024$37K-$187.8M-$160.9M-$2.98-$138.4M
2023$20.7M-$112.9M-$100.8M-$2.58-$78.6M
2022$3.1M-$110M-$107.5M-$3.32-$98.2M
2021$18M-$71.3M-$71.3M-$2.57-$78.2M
2020$13.6M-$56.7M-$56.7M-$8.82-$51.9M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

A report was expected around November 5, 2026 and is not on file yet.

Estimated from its filing rhythm: 52 weeks after its report of November 6, 2025. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where FDMT ranks in Health care

Revenue$85.2M
#340 of 751 in Health care · Top 45%
Revenue growth+230,194.6%
#1 of 532 in Health care · Top 1%
Net margin-164.4%
#470 of 544 in Health care · Bottom 14%
Free cash flow margin-128.6%
#423 of 490 in Health care · Bottom 14%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What 4D Molecular Therapeutics, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 28, 2026
  2. August 13, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 25,107% to $3.8M versus the same quarter last year; diluted EPS -$1.04 versus -$0.98.
  3. August 13, 2026
  4. July 20, 2026
  5. June 29, 2026
  6. June 22, 2026
  7. May 15, 2026
  8. May 15, 2026
  9. May 12, 2026
  10. May 7, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 20, 2026. Insider transactions on SEC

Insider trades

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

Insiders sold $2.7M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$2.7M
last 90 days
Net sold
192,866
$2.7M
DateInsiderWhatSharesPriceValueFiling
October 16, 2026 Bizily ScottChief Legal Officer Exercised options 1,635 $4.14 $6.8K Form 4
October 16, 2026 Bizily ScottChief Legal Officer Soldpre-planned (10b5-1) 1,635 $12.84 $21K Form 4
October 5, 2026 Kirn DavidSee Remarks, Director Soldpre-planned (10b5-1) 58,061 $12.92 $750.2K Form 4
October 5, 2026 Kirn DavidSee Remarks, Director Soldpre-planned (10b5-1) 272 $13.61 $3.7K Form 4
September 16, 2026 Bizily ScottChief Legal Officer Exercised options 1,635 $4.14 $6.8K Form 4
September 16, 2026 Bizily ScottChief Legal Officer Soldpre-planned (10b5-1) 1,635 $13.65 $22.3K Form 4
September 14, 2026 Kirn DavidSee Remarks, Director Soldpre-planned (10b5-1) 58,333 $13.90 $811K Form 4
September 1, 2026 Bizily ScottChief Legal Officer Exercised options 584 $6.49 $3.8K Form 4

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

Who owns FDMT

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 PLC13G, passive 10.3% 5,247,151 April 7, 2026
Bvf Partners L P13G, passive with 9 related filers 9.99% 5,346,519 May 15, 2026
RA Capital Management, L.P.13G, passive with 3 related filers 9.9% 5,105,622 May 15, 2026
Novo Holdings A/S13G, passive 6.4% 3,650,737 February 17, 2026

Latest filings below 5%: The Vanguard Group 0% (March 26, 2026); Venrock Healthcare Capital Partners III, L.P. 1.5% (May 15, 2025); Deep Track Capital, LP 1.32% (February 14, 2025); Viking Global Investors LP 0% (November 14, 2024).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 158 managers reported a position.

HolderSharesValueChange on quarter
Jupiter Topco LLC5,746,289$76.5Mnew
RA Capital Management, L.P.5,049,779$67.2M0
BlackRock, Inc.4,546,059$60.5M+400,756
Goldman Sachs Group Inc4,258,668$56.6M+53,230
Novo Holdings A/S3,249,178$43.2M-401,559
State Street Corp2,911,109$38.7M+203,234
Bvf Inc2,879,289$38.3M0
Adage Capital Partners GP, L.L.C.2,249,203$29.9M+644,047
Trails Edge Capital Partners, LP2,227,917$29.6M+925,000
Vanguard Capital Management LLC2,099,055$27.9M-96,523
Armistice Capital, LLC2,000,000$26.6M0
Geode Capital Management, LLC1,128,466$15M+63,121
Bank of America Corp1,120,674$14.9M+146,501
Evergreen Quality Fund GP, Ltd.951,474$12.7M0
Parkman Healthcare Partners LLC948,184$12.6M+425,607
Dimensional Fund Advisors LP730,857$9.7M+208,034
Deutsche Bank AG\710,942$9.5M+2,898
Citadel Advisors LLC687,597$9.1M+423,501
Renaissance Technologies LLC614,573$8.2M+36,308
Vanguard Portfolio Management LLC579,903$7.7M+24,074

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.

4 insiders reported holding 806,509 shares in total, about $10.1M at the last price.

HolderSharesAs of
Kirn DavidSee Remarks, Director 709,153 October 5, 2026
Gupta AshooVP, Finance and Controller 47,055 March 20, 2026
Theuer CharlesDirector 41,684 December 12, 2025
Bizily ScottChief Legal Officer 8,617 October 16, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about FDMT

What does 4D Molecular Therapeutics, Inc. do?

4D Molecular Therapeutics, Inc. is a company in the Health care sector, listed on NASDAQ as FDMT. Its shares trade on NASDAQ under the ticker FDMT.

What is 4D Molecular Therapeutics, Inc.'s net worth?

4D Molecular Therapeutics, Inc. has a market value (market cap) of $689.4M at the latest share price, and shareholders' equity of $407.7M 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 4D Molecular Therapeutics, Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $179.2M on revenue of $92M.

How much revenue does 4D Molecular Therapeutics, Inc. make?

Over the twelve months to June 30, 2026 4D Molecular Therapeutics, Inc. reported revenue of $92M. That is 278,712.1% more than a year earlier.

When did 4D Molecular Therapeutics, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 13, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 20, 2026.

When is 4D Molecular Therapeutics, Inc.'s next earnings report?

4D Molecular Therapeutics, Inc.'s next report was expected around November 5, 2026 and is not on file with the SEC yet.

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Where the numbers come from

Financial figures are the values 4D Molecular Therapeutics, 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.