The Tip Desk

X4 Pharmaceuticals, Inc

Company Stats

Market Cap
$287.5M
as of Sep 30, 2026
Shares Outstanding
99.1M
Free Float
78.4%

Income Statement

Revenue
$35.1M
Operating Income
-$86.9M
Net Income
-$79.2M
EBITDA
-$85.6M

Cash Flow

Free Cash Flow
-$85.6M
FCF Yield
-29.8%
Owner FCF Yield
-31.3%

Balance Sheet

Cash & Equivalents
$217.0M

Returns & Capital

SBC, 3Y Avg
$7.1M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$35.1M-$85.6M-243.8%
FY2024$2.6M-$131.2M-5132.1%
FY2023$0-$96.6M—
FY2022$0-$77.2M—
FY2021$0-$71.5M—

Annual filing data through FY ended December 31, 2025; shares and float as of October 12, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings