State Ledger
Company profile

4D Molecular Therapeutics, Inc. CIK 1650648

Ticker
FDMT (Nasdaq)
Industry
Biological Products, (No Diagnostic Substances)
Headquarters
Emeryville, CA 94608
Fiscal year end
2025 (FY)
Market Data
Close
$12.36
Change
-$0.63
Change %
-4.85%
Volume
53,061

FDMT · trading date Oct 13, 2026 · previous close $12.99 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$85.21M
Net income
-$140.11M
Total assets
$566.71M
Total liabilities
$61.05M
Stockholders' equity
$505.66M
Cash & equivalents
$60.24M
Operating income
-$159.55M
Operating cash flow
-$109.08M
Capital expenditures
$536.0K

Fiscal year 2025, via 10-K filed 2026-03-18. 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
-187.2%
Net margin
-164.4%
Free cash flow
-$109.62M
Free cash flow margin
-128.6%
Liabilities / assets
10.8%
Equity / assets
89.2%
CapEx / revenue
0.6%
Operating cash flow / net income
0.78×

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 $85.21M -$140.11M $566.71M $61.05M $505.66M
2024 $37.0K -$160.87M $560.38M $49.78M $510.61M
2023 $20.72M -$100.84M $339.89M $32.06M $307.83M
2022 $3.13M -$107.49M $261.85M $30.51M $231.34M
2021 $18.04M -$71.32M $353.49M $34.38M $319.11M
Company Details
SIC code
2836
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form 4
2026-09-16
Financials filed via
Form 10-K
filed 2026-03-18

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

Location
Emeryville, CA 94608
5858 HORTON STREET #455
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, 15:18 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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