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-597.9%-207pp

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$602.22M+215%
Enterprise value$550.27M+574%
P/S6.8×-8,306×

Profitability

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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

Calculated from 4D Molecular Therapeutics’s reported figures.

Based on trailing twelve months.

The official record: 4D Molecular Therapeutics’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is 4D Molecular Therapeutics's operating margin?
4D Molecular Therapeutics (FDMT) reported operating margin of -220.1% in Q1 2026.
How has 4D Molecular Therapeutics's operating margin changed year-over-year?
4D Molecular Therapeutics's operating margin increased by 100.0% year-over-year, from -884,026.1% to -220.1%.
What is the long-term trend for 4D Molecular Therapeutics's operating margin?
Over 5 years (2020 to 2025), 4D Molecular Therapeutics's operating margin has grown at a -12.0% compound annual growth rate (CAGR), from -388.4% to -204.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.