4D Molecular Therapeutics (FDMT) Operating Expenses (2020 - 2026)

4D Molecular Therapeutics (FDMT) reported Operating Expenses of $76.7 million for Q1 2026, up 42.94% year-over-year from $53.6 million in Q1 2025, and up 8.94% quarter-over-quarter from $70.4 million in Q4 2025.

4D Molecular Therapeutics (FDMT) Operating Expenses (2020 - 2026) Analysis & Trends

4D Molecular Therapeutics (FDMT) has 7 years of Operating Expenses data on file, last reported at $76.7 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $76.7 million, up 42.94% year-over-year; the trailing twelve-month figure through Mar 2026 was $267.8 million (up 31.69% YoY), and the FY2025 annual result was $244.8 million, up 30.27% from the prior year.
  • Operating Expenses advanced to $76.7 million in Q1 2026 per FDMT's latest filing, from $70.4 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $76.7 million in Q1 2026 and troughed at $27.0 million in Q3 2022.
  • A 5-year average of $44.5 million and a median of $38.2 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses rose 10.12% in 2023, then surged 53.19% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $30.0 million in 2022, then increased by 22.24% to $36.6 million in 2023, then surged by 53.19% to $56.1 million in 2024, then gained by 25.41% to $70.4 million in 2025, then climbed by 8.94% to $76.7 million in 2026.
  • Business Quant data shows FDMT's Operating Expenses at $76.7 million in Q1 2026, $70.4 million in Q4 2025, and $61.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 4D Molecular Therapeutics 656.48 Mn 656.48 Mn - 76.67 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 76.67 Mn
Dec 31, 2025 70.38 Mn
Sep 30, 2025 61.28 Mn
Jun 30, 2025 59.47 Mn
Mar 31, 2025 53.64 Mn
Dec 31, 2024 56.12 Mn
Sep 30, 2024 51.14 Mn
Jun 30, 2024 42.46 Mn
Mar 31, 2024 38.16 Mn
Dec 31, 2023 36.63 Mn
Sep 30, 2023 34.18 Mn
Jun 30, 2023 32.38 Mn
Mar 31, 2023 30.40 Mn
Dec 31, 2022 29.97 Mn
Sep 30, 2022 27.00 Mn
Jun 30, 2022 28.59 Mn
Mar 31, 2022 27.61 Mn
Dec 31, 2021 24.86 Mn
Sep 30, 2021 24.03 Mn
Jun 30, 2021 22.18 Mn