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Foghorn Therapeutics Inc. (FHTX)

Foghorn Therapeutics Inc. brought in $112.1M of revenue over the twelve months to September 30, 2026, up 357.3% from a year earlier. Net income was $9.4M, a net margin of 8.4%. In fiscal 2025 capital spending exceeded operating cash flow by $86.1M. At September 30, 2026 it held $80.3M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.

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Price
$1.90
-6.86% on the day · November 10, 2026
52-week range $1.79 to $7.61
Market cap
$112.8M
Revenue (last 12 months)
$112.1M
+357.3% year on year
Net margin
8.4%

Key facts about Foghorn Therapeutics Inc.

Net worth
Foghorn Therapeutics Inc. has a market value (market cap) of $112.8M at the latest share price, and shareholders' equity of -$14.1M on its balance sheet at September 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 $30.9M (+36.8% year on year), with a net loss of $74.3M. Over the 12 months to September 30, 2026: revenue $112.1M, net income $9.4M.
Cash flow
In fiscal 2025 operations used $86.1M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Foghorn Therapeutics Inc.'s next report is expected around January 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Foghorn Therapeutics Inc. does

Foghorn Therapeutics Inc. is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker FHTX.

Revenue and profit by year

Revenue
FY20: $430K $430K FY20FY21: $1.3M $1.3M FY21FY22: $19.2M $19.2M FY22FY23: $34.2M $34.2M FY23FY24: $22.6M $22.6M FY24FY25: $30.9M $30.9M FY25
Net income
FY20: -$51.1M -$51.1M FY20FY20: -$68.8M -$68.8M FY20FY21: -$101.3M -$101.3M FY21FY22: -$108.9M -$108.9M FY22FY23: -$98.4M -$98.4M FY23FY24: -$86.6M -$86.6M FY24FY25: -$74.3M -$74.3M FY25

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

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$30.9M-$86.4M-$74.3M-$1.18-$86.1M
2024$22.6M-$102.7M-$86.6M-$1.58-$101.3M
2023$34.2M-$107.9M-$98.4M-$2.34-$119.3M
2022$19.2M-$117.1M-$108.9M-$2.62$192.4M
2021$1.3M-$100.7M-$101.3M-$2.73-$53.6M
2020$430K-$68.5M-$68.8M-$6.23-$47.5M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around January 11, 2027.

Estimated from its filing rhythm: 52 weeks after its report of January 12, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where FHTX ranks in Health care

Revenue$30.9M
#449 of 751 in Health care · Bottom 40%
Revenue growth+36.8%
#119 of 532 in Health care · Top 22%
Net margin-240.3%
#487 of 544 in Health care · Bottom 10%
Free cash flow margin-278.7%
#450 of 490 in Health care · Bottom 8%

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 Foghorn Therapeutics Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 9, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 925% to $83.5M versus the same quarter last year; diluted EPS $0.80 versus -$0.25.
  2. November 9, 2026
  3. October 5, 2026
  4. October 1, 2026
    Restructuring or layoffs8-KFoghorn Therapeutics and Eli Lilly decided to stop development of FHD-909, prompting Foghorn to reduce its workforce by approximately 40%.
  5. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 113% to $16.1M versus the same quarter last year; diluted EPS -$0.10 versus -$0.28.
  6. August 6, 2026
  7. June 24, 2026
  8. May 15, 2026
  9. May 14, 2026
  10. May 7, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue fell 45% to $3.3M versus the same quarter last year; diluted EPS -$0.29 versus -$0.30.

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 5, 2026. Insider transactions on SEC

Insider trades

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

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
April 10, 2026 Gottschalk AdrianChief Executive Officer, Director Gave as a giftindirect 59,208 - - Form 4
April 10, 2026 Gottschalk AdrianChief Executive Officer, Director Gave as a giftindirect 59,208 - - Form 4
April 9, 2026 Gottschalk AdrianChief Executive Officer, Director Gave as a giftindirect 47,497 - - Form 4
April 9, 2026 Gottschalk AdrianChief Executive Officer, Director Gave as a giftindirect 47,497 - - Form 4

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

Who owns FHTX

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
Noubar Afeyan13D, may seek influence with 9 related filers 27.2% 20,774,885 January 13, 2026
Bvf Partners L P13G, passive with 9 related filers 14.3% 8,507,000 October 5, 2026
Fmr LLC13G, passive with 1 related filers 11.6% 6,792,356 May 6, 2026
Deerfield Mgmt, L.P.13G, passive with 3 related filers 8.64% 5,139,523 May 14, 2026

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. 103 managers reported a position.

HolderSharesValueChange on quarter
Flagship Pioneering, LLC12,674,120$61.8M0
Bvf Inc5,842,000$28.5M0
Fmr LLC5,705,958$27.8M-341,240
Deerfield Management Company, L.P.4,394,367$21.4M0
BlackRock, Inc.2,626,832$12.8M+261,966
Raymond James Financial Inc2,489,978$12.2M-112,404
Euclidean Capital LLC1,573,761$7.7M0
Vanguard Capital Management LLC1,494,611$7.3M-478
Geode Capital Management, LLC910,866$4.4M+62,694
Siren, L.L.C.720,720$3.5M0
State Street Corp697,469$3.4M+17,682
Ameriprise Financial Inc558,685$2.7M+109,709
Renaissance Technologies LLC377,936$1.8M-28,489
Candriam S.C.A.313,765$1.5M0
Northern Trust Corp309,775$1.5M+33,900
Jacobs Levy Equity Management, Inc305,434$1.5M+1,677
Vanguard Portfolio Management LLC304,432$1.5M+48,501
Birchview Capital, LP281,937$1.4M+207
Vanguard Fiduciary Trust Co264,422$1.3M+23,836
Qube Research & Technologies Ltd203,296$992.1K+122,018

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.

1 insiders reported holding 270,912 shares in total, about $514.7K at the last price.

HolderSharesAs of
Gottschalk AdrianChief Executive Officer, Director 270,912270,912 held indirectly April 10, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about FHTX

What does Foghorn Therapeutics Inc. do?

Foghorn Therapeutics Inc. is a company in the Health care sector, listed on NASDAQ as FHTX. Its shares trade on NASDAQ under the ticker FHTX.

What is Foghorn Therapeutics Inc.'s net worth?

Foghorn Therapeutics Inc. has a market value (market cap) of $112.8M at the latest share price, and shareholders' equity of -$14.1M on its balance sheet at September 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 Foghorn Therapeutics Inc. profitable?

Yes. Over the twelve months to September 30, 2026 it reported net income of $9.4M on revenue of $112.1M, a net margin of 8.4%.

How much revenue does Foghorn Therapeutics Inc. make?

Over the twelve months to September 30, 2026 Foghorn Therapeutics Inc. reported revenue of $112.1M. That is 357.3% more than a year earlier.

When did Foghorn Therapeutics Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.

When is Foghorn Therapeutics Inc.'s next earnings report?

Foghorn Therapeutics Inc.'s next report is expected around January 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Foghorn 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.