4D Molecular Therapeutics, Inc.

FDMT Healthcare Biotechnology

4D Molecular Therapeutics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $85.2 million, up 230,194.6% from fiscal 2024.

Revenue
+25,106.7%
EPS
−6.12%
Free cash flow
−61.3%

Quarter to June 2026, against a year earlier

12.32 1.07 +9.51%
Market cap
$621.5M
P/E
0.0×
Fwd P/E
−2.9×
Dividend yield
—
F-score
4/9
Altman Z
2.50
Beneish M
n/a
Dividend safety
n/a
Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Piotroski F-Score
— — — 4 3 2 5 2 4
P/S ratio
12.67 12.67 12.67 19.58 33.73 213.40 40.13 8,120.76 5.10
Altman Z-Score
— — — 4.85 10.00 12.01 13.07 1.95 2.50
P/FCF ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z″-Score (non-manufacturers)
— 7.04 (6.41) 11.62 10.93 6.35 9.22 9.92 6.96
P/Operating CF
(15.74) (15.74) (15.74) (15.23) (27.86) (30.06) (33.73) (6.55) 15.22
Beneish M-Score
— — — (1.99) 41.91 — — — —
P/B ratio
0.00 0.00 0.00 1.04 1.91 2.89 2.70 0.59 0.86
EV/Sales
9.68 9.68 9.68 (0.75) 20.84 149.45 26.80 (3,037.24) 0.51
EV/EBITDA
0.00 0.00 0.00 0.18 0.00 0.00 0.00 0.59 0.00
EV/FCF
(2.18) (2.18) (2.18) 0.20 (4.80) (4.76) (7.07) 0.81 (0.40)
Current Ratio
4.15 11.68 4.05 16.88 15.69 14.02 15.65 14.92 9.39
Net Debt/EBITDA
2.24 9.46 1.00 5.01 3.59 2.00 2.62 2.23 2.52
Debt/Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ROE
47.58% 40.49% 98.07% (61.82%) (24.78%) (39.06%) (37.40%) (39.31%) (27.57%)
ROA
(18.06%) (19.70%) (63.54%) (32.72%) (22.22%) (34.94%) (33.52%) (35.74%) (24.86%)
ROIC
0.00% 0.00% 0.00% 0.00% (62.50%) (386.72%) (359.96%) (136.94%) (96.80%)
Return on Tangible Assets
(52.67%) (10.79%) (110.55%) (20.92%) (28.04%) (47.35%) (33.86%) (37.82%) (36.49%)
Average Days of Receivables
20.24 29.03 51.10 39.85 0.95 0.00 0.00 0.00 0.00
Earnings Yield
(18.71%) (18.71%) (18.71%) (21.27%) (11.67%) (16.09%) (12.52%) (53.50%) (33.95%)
Free Cash Flow Yield
(35.06%) (35.06%) (35.06%) (19.47%) (12.86%) (14.71%) (9.45%) (46.05%) (25.23%)
Free Cash Flow per Share
0.33 (0.65) (7.76) (8.07) (2.82) (3.04) (2.01) (2.57) (1.89)
Book value per Share
(0.04) 3.03 (14.19) 39.87 11.51 7.15 7.87 9.47 8.73
Free Cash Flow
8.24 (16.25) (39.91) (51.91) (78.24) (98.22) (78.56) (138.37) (109.62)
EV/EBIT
0.00 0.00 0.00 0.18 0.00 0.00 0.00 0.60 0.00
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Columns are period end dates · fundamentals updated 25 Oct 2026