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4D Molecular Therapeutics FDMT Deferred Revenue — Deferred Revenue

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Other financials

Income statement

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Revenue$3.0M+21,664%
Operating income-$73.6M-37.3%
Net income-$68.8M-43.3%
EPS (diluted)-$1.01-17.4%

Balance sheet

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Cash & equivalents$72.5M-45.7%
Total debt$20.5M-13.9%
Total equity$451.8M-3.8%
Total assets$512.9M-0.5%

Cash flow

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Operating cash flow-$68.1M-42.6%
CapEx--100%
Free cash flow-$68.1M-40.8%

Valuation

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Market cap$561.97M+119%
Enterprise value$510.02M+152%
P/S6.4×-7,758×

Profitability

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Operating margin-220.1%-110pp
Net margin-174,314.2%-62,763pp
FCF margin-154,209.2%-53,057pp

Returns & leverage

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Return on equity-45.4%+29.8pp
Debt / equity0.0×
Current ratio9.3×-3.0×

Where this comes from

Reported directly by 4D Molecular Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: 4D Molecular Therapeutics’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:13 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-211939
Line itemMarch 31,2026December 31,2025
Otsuka Pharmaceutical Co., Ltd.$1,470
Cystic Fibrosis Foundation1,0151,105
Total deferred revenue$2,485$1,105

Item 1. Condensed Financial Statements (Unaudited)

FAQ

What is 4D Molecular Therapeutics's deferred revenue — deferred revenue?
4D Molecular Therapeutics (FDMT) reported deferred revenue — deferred revenue of $2.49M in Q1 2026.
What does deferred revenue — deferred revenue mean?
This metric represents the portion of consideration received from customers for which the company has not yet satisfied its performance obligations under gene therapy development or collaboration agreements. It reflects future revenue that will be recognized as the company fulfills its contractual milestones or service delivery requirements. Monitoring this balance provides insight into the timing of revenue recognition and the progress of long-term research and development partnerships.

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