The Tip Desk

4D Molecular Therapeutics, Inc.

Company Stats

Market Cap
$790.5M
as of Sep 30, 2026
Shares Outstanding
55.2M
Free Float
76.1%

Income Statement

Revenue
$85.2M
Operating Income
-$159.5M
Net Income
-$140.1M
EBITDA
-$154.3M
Revenue Growth, 3Y
200.9%
FCF Margin, 3Y Avg
-124827.8%
FCF Margin, Worst Year
-373975.7%

Cash Flow

Free Cash Flow
-$109.6M
FCF Yield
-13.9%
Owner FCF Yield
-16.7%

Balance Sheet

Cash & Equivalents
$60.2M

Returns & Capital

SBC, 3Y Avg
$22.6M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$85.2M-$109.6M-128.6%
FY2024$37,000-$138.4M-373975.7%
FY2023$20.7M-$78.6M-379.1%
FY2022$3.1M-$98.2M-3139.1%
FY2021$18.0M-$78.2M-433.8%

Annual filing data through FY ended December 31, 2025; shares and float as of November 3, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage