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Financial statements

Faeth Therapeutics, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Faeth Therapeutics, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2021FY2022FY2023FY2024FY2025
General and administrative7.5315.819.818.81311.3
Operating expenses19.537.550.237.132.622.3
Operating income-19.5-37.5-50.2-37.1-32.6-22.3
Interest expense1.690.670.220.140.090.03
Other non-operating income-0.010.04-0.22-0-0
Pre-tax income-30.2-21.1
Income tax00
Net income-20.1-36.8-48.6-34.1-30.2-21.1
EBITDA-19.2-36.8-49.6-36.5-32.1-22.2
EPS, basic-250.70-26.61-31.61-24.41-24.01-16.72
EPS, diluted-250.70-26.61-31.61-24.41-24.01-16.72
Shares, basic (weighted)0.081.381.531.41.261.26
Shares, diluted (weighted)0.081.381.531.41.261.26

Balance sheet

FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents16.67.1617.8139.998.67
Short-term investments14089.352.731.312.5
Other current assets1.380.370.340.330.120.09
Total current assets20.114910967.341.921.5
Property, plant and equipment1.274.642.051.170.420.08
Lease right-of-use assets5.364.332.81.29
Other non-current assets0.090.040.060.090.050.02
Total assets21.415311874.445.422.9
Accounts payable3.882.464.470.570.240.69
Accrued liabilities0.921.752.460.90.850.72
Total current liabilities4.834.899.075.645.454.25
Long-term debt0.57
Lease liabilities4.3231.430.06
Other non-current liabilities0.050.1500.070
Total liabilities5.546.71159.486.984.31
Total debt0.57
Paid-in capital56296302297300302
Retained earnings-112-149-198-232-262-283
Other comprehensive income-0.33-1-0.21-0.010
Shareholders' equity-56.414710364.938.418.6
Total equity-56.414710364.938.418.6
Total liabilities and equity21.415311874.445.422.9
Shares outstanding0.091.531.541.251.261.26

Cash flow statement

FY2021FY2021FY2022FY2023FY2024FY2025
Net income-20.1-36.8-48.6-34.1-30.2-21.1
Depreciation and amortization0.210.690.610.570.550.12
Stock-based compensation1.495.665.814.453.141.27
Deferred income tax-2.53-8.3-8.04-9.89-7.19-2.62
Change in payables0.34-1.432.02-2.33-0.450.23
Cash from operations-17.7-30.3-39-32-24.7-20.5
Capital expenditures-1.21-2.03-0.32-0.18-0.15-0.02
Purchases of investments-184-46.9-21.1-44.6-25.2
Cash from investing-1.4-14349.938.422.419.8
Stock issued0.030.2400
Share buybacks-10.4
Cash from financing35.5164-0.29-11.2-0.79-0.65
Net change in cash16.3-9.4410.6-4.78-3.02-1.33
Free cash flow-18.9-32.3-39.3-32.2-24.8-20.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $28.00 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-113.0%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-103.3%Net income / average total assets.
Return on invested capital (ROIC)-107.5%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

MetricValueHow it is calculated
Book value growth, 1y-51.6%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-43.6%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-49.5%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-42.2%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y1.3%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y0.4%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y-6.3%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y73.3%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio19.7xCurrent assets / current liabilities.
Quick ratio19.5x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio19.5x(Cash + short-term investments) / current liabilities.
Liabilities / assets5.1%Total liabilities / total assets.
Working capital$179.1MCurrent assets - current liabilities.
Goodwill and intangibles / assets0.0%(Goodwill + intangible assets) / total assets.
Tangible book value$173.0MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$34.65Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share-$6.00Free cash flow / diluted weighted shares.
Operating cash flow per share-$6.00Cash from operations / diluted weighted shares.
Book value per share$6.70Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$6.70Tangible book value / shares outstanding.
Cash per share$7.22(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$723.5MShare price x shares outstanding.
Enterprise value$537.1MMarket cap + total debt - cash - short-term investments.
P/B4.18xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book4.18xMarket cap / tangible book value, when positive.
FCF yield-4.7%Free cash flow / market cap.
Earnings yield-27.0%Net income / market cap (the inverse of P/E).
Was Faeth Therapeutics, Inc. profitable in fiscal 2025?

No. It reported a net loss of $21.1M.

How much free cash flow did Faeth Therapeutics, Inc. generate in fiscal 2025?

Cash from operations of $20.5M minus capital expenditures of $16.0K left free cash flow of -$20.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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