Forte Biosciences (FBRX) Free Cash Flow (2016 - 2026)

Forte Biosciences' (FBRX) quarterly Free Cash Flow came in at -$18.8 million in Q1 2026, down 80.49% year-on-year from -$96.4 million in Q1 2025, and down 14.05% on a QoQ basis from -$16.5 million in Q4 2025.

Forte Biosciences (FBRX) Free Cash Flow (2016 - 2026) Analysis & Trends

Forte Biosciences (FBRX) has 11 years of Free Cash Flow data on file, last reported at -$18.8 million in Q1 2026.

  • On a quarterly basis, Free Cash Flow fell 80.49% year-over-year to -$18.8 million in Q1 2026; TTM through Mar 2026 was -$59.4 million, a 72.05% decrease from a year earlier, with the FY2025 full-year figure at -$51.0 million, down 65.73% from the prior year.
  • Free Cash Flow for Q1 2026 stood at -$18.8 million, down from -$16.5 million in the prior quarter.
  • Over the last five years, Free Cash Flow for FBRX reached as high as -$1.4 million in Q2 2022 and fell as low as -$18.8 million in Q1 2026.
  • Historically, Free Cash Flow has averaged -$8.1 million across 5 years, with a median of -$8.1 million in 2024.
  • Across the five-year window, Free Cash Flow soared 65.03% in 2022 and plunged 369.02% in 2023, its largest moves.
  • Year by year, Free Cash Flow stood at -$2.9 million in 2022, then plunged by 210.61% to -$9.0 million in 2023, then declined by 11.73% to -$10.0 million in 2024, then tumbled by 64.18% to -$16.5 million in 2025, then fell by 14.05% to -$18.8 million in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were -$18.8 million in Q1 2026, -$16.5 million in Q4 2025, and -$14.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -19.58 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 158.09 Mn
4 NuCana 279.75 Bn 279.75 Bn - -1.53 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.29 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 848.30 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn -
9 Revolution Medicines 37.78 Bn 37.78 Bn - -354.95 Mn
10 Forte Biosciences 174.08 Mn 115.88 Mn - -18.80 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -18.80 Mn
Mar 31, 2026 -18.80 Mn
Dec 31, 2025 -16.48 Mn
Dec 31, 2025 -16.48 Mn
Sep 30, 2025 -14.06 Mn
Sep 30, 2025 -14.06 Mn
Jun 30, 2025 -10.06 Mn
Jun 30, 2025 -10.06 Mn
Mar 31, 2025 -10.42 Mn
Mar 31, 2025 -10.42 Mn
Dec 31, 2024 -10.04 Mn
Dec 31, 2024 -10.04 Mn
Sep 30, 2024 -8.13 Mn
Sep 30, 2024 -8.13 Mn
Jun 30, 2024 -5.94 Mn
Jun 30, 2024 -5.94 Mn
Mar 31, 2024 -6.67 Mn
Mar 31, 2024 -6.67 Mn
Dec 31, 2023 -8.99 Mn
Dec 31, 2023 -8.99 Mn