State Ledger
Company profile

X4 Pharmaceuticals, Inc CIK 1501697

Ticker
XFOR (Nasdaq)
Industry
Biological Products, (No Diagnostic Substances)
Headquarters
Boston, MA 02134
Fiscal year end
2025 (FY)
Market Data
Close
$2.82
Change
-$0.09
Change %
-3.09%
Volume
32,082

XFOR · trading date Oct 12, 2026 · previous close $2.91 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$6.50M
Net income
-$79.20M
Total assets
$290.46M
Total liabilities
$104.17M
Stockholders' equity
$186.29M
Cash & equivalents
$217.05M
Operating income
-$86.88M
Operating cash flow
-$85.62M
Capital expenditures
$0

Fiscal year 2025, via 10-K filed 2026-03-17. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
-1,336.7%
Net margin
-1,218.4%
Free cash flow
-$85.62M
Free cash flow margin
-1,317.2%
Liabilities / assets
35.9%
Equity / assets
64.1%
CapEx / revenue
0.0%
Operating cash flow / net income
1.08×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $6.50M -$79.20M $290.46M $104.17M $186.29M
2024 $2.60M -$37.45M $146.45M $124.30M $22.15M
2023 $0 -$101.17M $147.26M $96.16M $51.10M
2022 $0 -$93.87M $155.59M $81.54M $74.05M
2021 $0 -$88.70M $117.18M $52.76M $64.41M
Company Details
SIC code
2836
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form 8-K
2026-09-09
Financials filed via
Form 10-K
filed 2026-03-17

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Boston, MA 02134
61 NORTH BEACON STREET
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:34 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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