4D Molecular Therapeutics (FDMT) Operating Expenses (2020 - 2026)
4D Molecular Therapeutics' (FDMT) quarterly Operating Expenses came in at $76.7 million in Q1 2026, up 42.94% year-on-year from $53.6 million in Q1 2025, and up 8.94% on a QoQ basis 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.
- On a quarterly basis, Operating Expenses rose 42.94% year-over-year to $76.7 million in Q1 2026; TTM through Mar 2026 was $267.8 million, a 31.69% increase from a year earlier, with the FY2025 full-year figure at $244.8 million, up 30.27% from the prior year.
- Operating Expenses for Q1 2026 stood at $76.7 million, up from $70.4 million in the prior quarter.
- Over the last five years, Operating Expenses for FDMT reached as high as $76.7 million in Q1 2026 and fell as low as $27.0 million in Q3 2022.
- Historically, Operating Expenses has averaged $44.5 million across 5 years, with a median of $38.2 million in 2024.
- Across the five-year window, Operating Expenses grew 10.12% in 2023 and soared 53.19% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $30.0 million in 2022, then advanced by 22.24% to $36.6 million in 2023, then surged by 53.19% to $56.1 million in 2024, then grew by 25.41% to $70.4 million in 2025, then rose by 8.94% to $76.7 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $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 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 15.76 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 1.10 Bn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -919.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 445.22 Mn |
| 10 | 4D Molecular Therapeutics | 691.54 Mn | 300.64 Mn | - | 76.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |