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Other financials

Income statement

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Revenue$3.0M+21,664%
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:OperatingIncomeLoss.

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 itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Research and development64,98040,699
General and administrative11,68712,936
Total operating expenses76,66753,635
Loss from operations(73,620)(53,621)
Other income (expense):
Interest income4,8645,582
Other income (expense), net(4)67
Total other income, net4,8605,649

Item 1. Condensed Financial Statements (Unaudited)

FAQ

What is 4D Molecular Therapeutics's operating income?
4D Molecular Therapeutics (FDMT) reported operating income of -$73.62M in Q1 2026.
How has 4D Molecular Therapeutics's operating income changed year-over-year?
4D Molecular Therapeutics's operating income decreased by 37.3% year-over-year, from -$53.62M to -$73.62M.
What is the long-term trend for 4D Molecular Therapeutics's operating income?
Over 4 years (2021 to 2025), 4D Molecular Therapeutics's operating income has grown at a 25.0% compound annual growth rate (CAGR), from -$71.33M to -$174.26M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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