Fate Therapeutics, Inc. FATE

2.35 0.02 0.86% as of 25 Sep
Market cap
$279.2M
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 0.32
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — 2 — — — 2 — — 2 —
Insider Ownership 5.12%

Capital & Financial Ratios

Market Cap 279.18
Revenue 6.49
Net Income (126.00)
Free Cash Flow (105.42)
Net Debt (153.77)
Current Ratio 4.85
Debt/Equity 0.00
P/E ratio 0.00
P/S ratio 43.59
P/B ratio 1.84
Past 5Y EPS Growth (2.63%)
This Y EPS Growth 7.13%
Next Y EPS Growth 1.58%
Next 5Y EPS Growth 1.60%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 315 279 204 154
Receivables 2 4 1 1
Inventory — — — —
Other — — — —
332 292 209 158
2023 2024 2025 Q'26
Payables 5 9 3 3
ST’ Debt — — — —
Other — — 8 10
39 39 36 33
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 10.58% (26.71%) (58.98%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 18.47% (11.63%) (24.63%)

Revenue

Mar Jun Sep Dec Year
’26 1 2 — — —
’25 2 2 2 1 7
’24 2 7 3 2 14
’23 59 1 2 2 64
’22 18 19 15 44 96
’21 11 13 14 17 56
’20 3 5 8 16 31
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (31) (23) — — —
’25 (34) (25) (24) (23) (106)
’24 (33) (32) (29) (28) (123)
’23 (29) (28) (38) (37) (132)
’22 (65) (53) (55) (75) (248)
’21 (27) (32) (33) (70) (163)
’20 (27) 39 (31) (21) (39)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (31) (24) — — —
’25 (35) (26) (27) (24) (112)
’24 (33) (32) (30) (28) (124)
’23 (32) (31) (39) (37) (138)
’22 (75) (63) (64) (82) (284)
’21 (31) (46) (48) (89) (214)
’20 (28) 38 (32) (23) (44)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.26) (0.25) — — —
’25 (0.32) (0.29) (0.27) (0.27) (1.15)
’24 (0.47) (0.33) (0.40) (0.44) (1.64)
’23 (0.19) (0.54) (0.46) (0.45) (1.64)
’22 (0.68) (0.79) (0.86) (0.58) (2.91)
’21 (0.48) (0.58) (0.45) (0.72) (2.24)
’20 (0.44) (0.35) (0.68) (0.61) (2.10)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
1.46 2.44 5.90 11.70 16.75 43.60 9.56 1.63 1.55 0.66

Analyst estimates 2026–2028

Powerpack
Low Price
3.82 6.75 17.98 22.82 103.66 121.16 60.43 11.44 8.83 1.99
High Price
66 80 104 178 279 449 551 181 181 161
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
4 4 5 11 31 56 96 64 14 7
Revenue
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
(33) (43) (67) (98) (173) (212) (282) (161) (186) (136)
EBT
(760.15%) (1,046.08%) (1,405.02%) (919.00%) (551.59%) (379.89%) (292.55%) (253.30%) (1,366.46%) (2,051.08%)
EBT Margin
(33) (43) (67) (98) (173) (212) (282) (161) (186) (136)
Net Income
1 1 1 2 8 15 16 14 10 9
Depreciation
0.14 0.10 0.08 0.16 0.38 0.59 0.99 0.65 0.12 0.06
Revenue/Sh
(1.05) (1.02) (1.19) (1.44) (2.10) (2.24) (2.91) (1.64) (1.64) (1.15)
Earnings/Sh
(0.94) (0.88) (0.69) (1.22) (0.48) (1.72) (2.56) (1.34) (1.08) (0.89)
Cash Flow/Sh
(0.01) (0.04) (0.04) (0.11) (0.06) (0.54) (0.37) (0.06) (0.01) (0.05)
Capex/Sh
(0.95) (0.92) (0.73) (1.33) (0.54) (2.25) (2.93) (1.41) (1.09) (0.94)
Free CF/Sh
2.30 1.84 2.86 3.59 4.67 7.16 5.00 3.74 2.80 1.74
Book Value/Sh
32 42 56 68 82 95 97 98 114 119
Shares
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
19.40 64.41 152.11 124.95 238.32 99.27 10.23 5.72 13.76 17.52
PS Ratio
1.17 3.43 4.49 5.45 19.49 8.17 2.03 0.99 0.59 0.56
PB Ratio
0.91 45.29 112.84 106.74 226.04 90.29 6.83 2.41 0.99 2.66
EV/Sales
(0.13) (4.82) (13.06) (12.59) (160.90) (23.61) (2.32) (1.10) (0.11) (0.16)
EV/FCF
(30) (37) (39) (83) (39) (163) (248) (132) (123) (106)
Op' Cash Flow
0 (2) (2) (7) (5) (51) (36) (6) (1) (6)
Capex
(30) (39) (41) (91) (44) (214) (284) (138) (124) (112)
FCF
78 92 178 199 409 552 388 292 253 173
Working Cap'
11 15 15 27 97 115 109 — — —
Total Debt
(81) (86) (186) (194) (386) (501) (327) (315) (279) (204)
Net Debt
73 77 160 245 384 679 484 368 319 207
Sh' Equity
(41.06%) (42.88%) (41.84%) (38.09%) (37.50%) (27.48%) (34.63%) (26.56%) (39.34%) (35.89%)
ROA
0.00% 0.00% 0.00% (125.27%) 0.00% (76.30%) (122.73%) (223.64%) (331.39%) (2,617.38%)
ROIC
(60.19%) (57.14%) (56.05%) (48.44%) (55.11%) (39.91%) (48.46%) (37.76%) (54.21%) (51.84%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Fate Therapeutics, Inc. peers in Biotechnology

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Fate Therapeutics, Inc. (FATE) key facts

  • Fate Therapeutics, Inc. (FATE) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
  • Fate Therapeutics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.6 million, down 51.2% from fiscal 2024.
  • Fate Therapeutics, Inc. reported a net loss of $136.3 million, or a loss of $1.15 per share, for fiscal 2025.
  • As of September 25, 2026, FATE traded at $2.35, a market capitalization of $279.2 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 43.6× sales.
  • Return on equity was −51.8% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Fate Therapeutics, Inc. (FATE) Latest News

News by impact score

Fine-tune

25 Sep

4

Fate Therapeutics received a $15.0 million CLIN2 grant from the California Institute for Regenerative Medicine to support RECLAIM-LN, the Phase 2 trial of FT819 off-the-shelf CAR T cells for refractory lupus nephritis. The award funds clinical development under a program aimed at transforming access to stem cell and gene therapies. RECLAIM-LN is a multicenter, open-label, single-arm study evaluating safety and efficacy in about 53 patients with moderate-to-severe SLE with Class III/IV LN. Primary endpoint is complete renal response at Week 26; prior Phase 1 data showed favorable safety and potential efficacy. FT819 uses an iPSC-derived master cell bank to provide off-the-shelf CAR T cells, enabling outpatient administration and broader access, including underserved regions. CIRM's support complements RMAT designations and FDA CMC readiness programs. A $15 million CLIN2 grant from CIRM directly funds RECLAIM-LN Phase 2 FT819 development, potentially accelerating milestones and broadening access, a meaningful strategic boost.

16 Sep

3

Fate Therapeutics selected for four presentations highlighting off-the-shelf CAR T-cell portfolio in autoimmune disease at ACR Convergence 2026. Conference selection raises visibility for CAR T-cell autoimmune programs without immediate clinical or financial outcomes.

9 Sep

3

Fate Therapeutics announces encore clinical data presentation of FT819 off-the-shelf CAR T-cell product candidate at the CCR – West 2026 Meeting. Encore data presentation on FT819 may moderately influence market sentiment around the company's CAR T-cell pipeline progress.

2 Sep

4

Novartis and Bristol Myers halted autoimmune CAR-T studies, raising tough questions for the approach and pressuring Fate Therapeutics' related pipeline and prospects. Halted competitor studies directly question CAR-T viability in autoimmune disease and threaten FATE's core development trajectory.

14 Aug

4

Fate Therapeutics initiates the RECLAIM-LN clinical trial of FT819 for lupus nephritis treatment, marking a potentially registrational study. Initiating a potentially registrational trial for FT819 in lupus nephritis advances the company's cell therapy pipeline and development prospects.

13 Aug

4

Fate Therapeutics reported second quarter 2026 financial results and business updates. Quarterly financial results directly shape investor views and valuation for the company.

9 Jul

4

Fate Therapeutics (FATE) stock rose 6% after the FDA cleared its cell therapy for clinical trials. FDA clearance advances FATE's core cell therapy into trials, strengthening pipeline progress and market sentiment.

4

Fate Therapeutics, Inc. (FATE) obtained FDA clearance of its Investigational New Drug Application for the FT839 product candidate. FDA clearance advances FT839 into clinical trials and strengthens the company's cell therapy pipeline.

4 Jun

3

Fate Therapeutics presented data from FT819 and FT839 programs at the European Congress of Rheumatology Annual Meeting. Conference data presentation from two programs signals research progress with possible moderate effects on future trajectory.

1 Jun

3

Fate Therapeutics presented clinical data for FT836 at the American Society of Clinical Oncology Annual Meeting. Clinical data presentation at ASCO may moderately influence Fate Therapeutics pipeline perception and stock performance.

13 May

3

Fate Therapeutics (FATE) reported a Q1 net loss and revenue that missed analyst estimates. Q1 loss and revenue miss highlight weaker financial results, moderately impacting investor sentiment and stock performance.

3

Fate Therapeutics reported first quarter 2026 financial results, including net loss per share, reduced R&D expenses, cash position extending into 2028, and business updates on clinical progress for FT819 in B-cell malignancies, FT522 NK cell program, and manufacturing advancements. Quarterly financial results and clinical pipeline updates moderately influence financial performance and market sentiment for the biotech firm.

11 May

4

Fate Therapeutics showcased FT819's clinical activity in SLE patients at the 2026 ASGCT Annual Meeting, achieved without conditioning chemotherapy. Demonstrating FT819 clinical activity in SLE without conditioning chemotherapy advances Fate Therapeutics' off-the-shelf CAR-T pipeline, potentially catalyzing significant stock gains and partnership interest.

5 May

4

Fate Therapeutics selected for U.S. FDA Chemistry, Manufacturing, and Controls Development and Readiness Pilot Program to support manufacturing readiness of FT819, an off-the-shelf CAR T-cell therapy. FDA pilot program selection advances FT819 manufacturing readiness, signaling regulatory progress that could boost clinical development and market sentiment.

4 May

3

Fate Therapeutics announces three presentations at the 2026 ASGCT Annual Meeting, highlighting its off-the-shelf CAR T-cell therapy pipeline for cancer and autoimmune diseases. Presentations at a premier gene and cell therapy conference spotlighting the CAR T-cell pipeline will boost visibility and moderate investor interest in core innovations.

30 Apr

3

Fate Therapeutics announces data presentation on FT819 off-the-shelf CAR T-cell product candidate for systemic lupus erythematosus (SLE) at the CCR-East 2026 Meeting. Pipeline progress in autoimmune disease via upcoming FT819 data presentation offers moderate boost to product innovation and market sentiment.

16 Apr

4

Fate Therapeutics announces data presentation on FT839, a next-generation off-the-shelf CAR T-cell product candidate for broad treatment of hematological malignancies and autoimmune diseases without requiring conditioning chemotherapy, at the AACR Annual Meeting. Advancing an innovative off-the-shelf CAR T-cell therapy eliminating conditioning chemotherapy targets major unmet needs in oncology and autoimmunity, potentially transforming FATE's pipeline and market position.

3

Fate Therapeutics presented progress on off-the-shelf CAR T-cell therapies targeting lupus and solid tumors at the Needham Conference. Pipeline updates on off-the-shelf CAR T for lupus and solid tumors demonstrate moderate advancements in key therapeutic areas.

16 Mar

4

Fate Therapeutics detailed FT819 CAR T manufacturing processes and Phase II lupus trial plans at a conference. Advancing FT819 CAR T to Phase II lupus trials with manufacturing details represents a major pipeline milestone boosting investor sentiment.

26 Feb

4

Fate Therapeutics released Q4 earnings snapshot detailing quarterly financial results including revenue, EPS, and key operational updates. Q4 earnings snapshot reveals financial performance and pipeline progress pivotal to FATE's valuation and stock trajectory.

4

Fate Therapeutics reported fourth quarter and full year 2025 financial results and business updates. Earnings reports with business updates often drive significant shifts in biotech stock performance and investor outlook.

3

Fate Therapeutics (FATE) reported a Q4 loss and missed revenue estimates. Q4 loss and missed revenue estimates highlight weaker financial performance, likely causing moderate short-term pressure on stock price and investor sentiment.

21 Dec

4

Fate Therapeutics, Inc. faces significant risks as it operates in a volatile sector characterized by high uncertainty and competition. The company's reliance on innovative therapies and the challenges of regulatory approvals contribute to its risk profile. Investors should be cautious, as the potential for substantial returns is accompanied by the possibility of major setbacks, making it a risky investment choice. The company's reliance on innovative therapies and regulatory challenges could significantly alter its trajectory and investor sentiment.

8 Dec

4

Fate Therapeutics, Inc. presented updated Phase 1 clinical data for FT819, an off-the-shelf CAR T-cell product candidate targeting systemic lupus erythematosus. The data highlights the potential of FT819 in treating this autoimmune disease, alongside advancements in next-generation CAR T-cell programs. The company aims to leverage these developments to enhance its product pipeline and address unmet medical needs. The updated clinical data and advancements in CAR T-cell programs could significantly influence Fate Therapeutics' strategic direction and market positioning.

13 Nov

4

Fate Therapeutics, Inc. reported its financial results for the third quarter of 2025, highlighting key business updates and developments. The company continues to advance its pipeline of cellular immunotherapies, with ongoing clinical trials and collaborations aimed at enhancing treatment options for patients. Financial metrics showed progress, with increased revenue and strategic investments in research and development. The management provided insights into future plans and anticipated milestones, reinforcing the company's commitment to innovation in the biopharmaceutical sector. Significant advancements in clinical trials and strategic investments are likely to impact the company's future performance and market position.

3

Fate Therapeutics, Inc. reported a loss for Q3 but exceeded revenue estimates. The company continues to focus on advancing its cell therapy programs, which are aimed at treating various cancers and other diseases. Despite the loss, the revenue beat indicates positive market reception and potential growth in its therapeutic offerings. Exceeding revenue estimates suggests moderate positive influence on financial performance and market sentiment.

4 Nov

3

Fate Therapeutics, Inc. is anticipated to report negative earnings in its upcoming Q3 release, raising concerns among investors about the company's financial health and future performance. Analysts are closely monitoring trends and market sentiment as the release date approaches, which could influence stock performance and investor confidence. Negative earnings reports can moderately influence financial performance and market sentiment, impacting investor confidence.

26 Oct

4

Fate Therapeutics, Inc. presented new clinical data at ACR Convergence 2025, showcasing the effectiveness of FT819, an off-the-shelf CAR T-cell therapy, in inducing immune remodeling and achieving durable responses in patients with systemic lupus erythematosus. The findings highlight the potential of FT819 to address unmet medical needs in this patient population. The presentation of new clinical data indicating significant therapeutic effects could lead to increased investor interest and market positioning for Fate Therapeutics.

14 Oct

3

Fate Therapeutics, Inc. has appointed Kamal Adawi as its new Chief Financial Officer, expanding its leadership team. Adawi brings extensive experience in finance and strategic planning, having previously held senior roles at various biotech companies. His appointment is expected to enhance the company's financial strategy and operational efficiency as it continues to advance its innovative cell therapy programs. The appointment of a new CFO may moderately influence the company's financial performance and strategic direction.

4 Oct

3

Fate Therapeutics, Inc. (NASDAQ:FATE) has experienced a significant 62% loss over the past year, but recent gains may provide some relief to institutional investors. The company's performance has been closely monitored, and the recent uptick could indicate a potential turnaround, although the overall annual decline remains a concern for stakeholders. Recent gains may influence investor sentiment and financial performance, but the substantial annual loss limits the overall impact.

stockrow.com/FATE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com