Fulcrum Therapeutics (FULC) EBT (2018 - 2026)
Fulcrum Therapeutics (FULC) posted quarterly EBT of -$35.0 million for Q2 2026, up 16.65% year-over-year from -$30.0 million in Q2 2025, and up 29.98% quarter-over-quarter from -$50.0 million in Q1 2026.
Analysis
Fulcrum Therapeutics (FULC) EBT (2018 - 2026) Analysis & Trends
Fulcrum Therapeutics (FULC) has reported EBT for 9 consecutive years, with -$35.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, EBT rose 16.65% year-over-year to -$35.0 million; the TTM figure through Jun 2026 stood at -$234.1 million (down 78.59% YoY), while the FY2025 annual figure was -$161.2 million, down 119.71% from the prior year.
- EBT grew to -$35.0 million in Q2 2026 per FULC's latest filing, from -$50.0 million in the prior quarter.
- Across five years, EBT topped out at $40.2 million in Q2 2024 and bottomed at -$94.0 million in Q1 2022.
- Historically, EBT has averaged -$42.8 million across 5 years, with a median of -$41.6 million in 2023.
- Annual changes were most pronounced in 2024 — EBT soared 197.39% — and 2025, when it slumped 236.18%.
- Fulcrum Therapeutics' EBT stood at -$29.9 million in 2022, then slumped by 44.37% to -$43.1 million in 2023, then soared by 41.93% to -$25.0 million in 2024, then plunged by 236.18% to -$84.2 million in 2025, then soared by 58.43% to -$35.0 million in 2026.
- Business Quant data shows FULC's EBT at -$35.0 million in Q2 2026, -$50.0 million in Q1 2026, and -$84.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.51 Bn | 130.66 Bn | 2.84 Bn | 1.39 Bn |
| 2 | Regeneron Pharmaceuticals | 85.24 Bn | 77.25 Bn | 3.93 Bn | 1.53 Bn |
| 3 | Argenx Se | 63.46 Bn | 58.28 Bn | 1.37 Bn | 542.00 Mn |
| 4 | Moderna | 57.89 Bn | 52.75 Bn | 52.00 Mn | -767.00 Mn |
| 5 | Revolution Medicines | 44.02 Bn | 44.02 Bn | - | -644.37 Mn |
| 6 | BeOne Medicines | 39.95 Bn | 34.85 Bn | 1.53 Bn | 312.46 Mn |
| 7 | Alnylam Pharmaceuticals | 35.49 Bn | 32.19 Bn | 992.69 Mn | 177.81 Mn |
| 8 | Royalty Pharma | 28.43 Bn | 27.59 Bn | - | 81.49 Mn |
| 9 | Insmed | 27.39 Bn | 26.22 Bn | 358.27 Mn | -11.37 Mn |
| 10 | Fulcrum Therapeutics | 292.47 Mn | 292.47 Mn | - | -26.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -26.18 Mn |
| Mar 31, 2026 | -22.87 Mn |
| Dec 31, 2025 | -20.33 Mn |
| Sep 30, 2025 | -19.60 Mn |
| Jun 30, 2025 | -17.30 Mn |
| Mar 31, 2025 | -20.46 Mn |
| Dec 31, 2024 | -16.57 Mn |
| Sep 30, 2024 | -21.70 Mn |
| Jun 30, 2024 | 52.56 Mn |
| Mar 31, 2024 | -30.13 Mn |
| Dec 31, 2023 | -24.76 Mn |
| Sep 30, 2023 | -24.02 Mn |
| Jun 30, 2023 | -27.84 Mn |
| Mar 31, 2023 | -27.79 Mn |
| Dec 31, 2022 | -26.14 Mn |
| Sep 30, 2022 | -23.74 Mn |
| Jun 30, 2022 | -34.21 Mn |
| Mar 31, 2022 | -26.69 Mn |
| Dec 31, 2021 | -24.09 Mn |
| Sep 30, 2021 | -20.72 Mn |