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

4D Molecular Therapeutics (FDMT) reported Operating Income of -$73.6 million for Q1 2026, down 37.3% year-over-year from -$117.4 million in Q1 2025, and down 600.31% quarter-over-quarter from $14.7 million in Q4 2025.

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

4D Molecular Therapeutics (FDMT) has 7 years of Operating Income data on file, last reported at -$73.6 million in Q1 2026.

  • Operating Income for Q1 2026 came in at -$73.6 million, down 37.3% year-over-year; the trailing twelve-month figure through Mar 2026 was -$179.5 million (up 11.7% YoY), and the FY2025 annual result was -$159.5 million, up 15.06% from the prior year.
  • Operating Income retreated to -$73.6 million in Q1 2026 per FDMT's latest filing, from $14.7 million in the prior quarter.
  • Over five years, Operating Income peaked at $14.7 million in Q4 2025 and troughed at -$73.6 million in Q1 2026.
  • A 5-year average of -$37.9 million and a median of -$36.7 million in 2023 frame the typical range for Operating Income.
  • The sharpest annual moves came in 2022 and 2025: Operating Income sank 274.22% in 2022, then surged 126.22% in 2025.
  • A 5-year view of Operating Income shows it stood at -$28.7 million in 2022, then dropped by 27.62% to -$36.7 million in 2023, then slumped by 53.11% to -$56.1 million in 2024, then surged by 126.22% to $14.7 million in 2025, then tumbled by 600.31% to -$73.6 million in 2026.
  • Business Quant data shows FDMT's Operating Income at -$73.6 million in Q1 2026, $14.7 million in Q4 2025, and -$61.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
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 -19.70 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 - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.14 Bn
9 Abivax 91.96 Bn 91.96 Bn - -65.83 Mn
10 4D Molecular Therapeutics 656.48 Mn 656.48 Mn - -73.62 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -73.62 Mn
Dec 31, 2025 14.72 Mn
Sep 30, 2025 -61.19 Mn
Jun 30, 2025 -59.46 Mn
Mar 31, 2025 -53.62 Mn
Dec 31, 2024 -56.12 Mn
Sep 30, 2024 -51.13 Mn
Jun 30, 2024 -42.46 Mn
Mar 31, 2024 -38.14 Mn
Dec 31, 2023 -36.65 Mn
Sep 30, 2023 -13.97 Mn
Jun 30, 2023 -32.14 Mn
Mar 31, 2023 -30.11 Mn
Dec 31, 2022 -28.72 Mn
Sep 30, 2022 -26.50 Mn
Jun 30, 2022 -28.43 Mn
Mar 31, 2022 -26.39 Mn
Dec 31, 2021 -24.76 Mn
Sep 30, 2021 -22.66 Mn
Jun 30, 2021 -7.60 Mn