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4D Molecular Therapeutics, Inc. (FDMT) stock

FDMTNasdaqBiological Products, (No Diagnostic Substances)Fiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026Score 9/302% below fair value
$12.99+0.53 (+4.25%)

Close on Nov 11, 2026Market cap $937.62MP/E –Yield –

4D Molecular Therapeutics, Inc. grew revenue 278712.1% to $92.01M over the twelve months to Jun 30, 2026. Free cash flow was -$109.62M. At the latest close the market valued the company at $937.62M.

Revenue
$92.01M
+278712.1% vs. a year earlier
Operating income
-$197.12M
TTM Q2 2026
Free cash flow
-$109.62M
FY2025
EPS, diluted
-$2.76
TTM Q2 2026

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Jun 30, 2026

Valuation

Market cap
$937.62M
P/E ratio
–
Price to sales
10.19
Price to book
2.30
Dividend yield
–
Free cash flow yield
–

Fundamentals

Revenue
$92.01M
Net income
-$179.18M
EPS, diluted
-$2.76
Free cash flow
-$109.62M
Book value per share
$5.80
Diluted shares
70M

Trading

Next earnings
Q3 FY2026, expected soon
Previous close
$12.46
Open
$12.48
Day's range
$12.38 – $13.03
Volume
837,177
Average volume (20 days)
1,004,945
Index membership
Russell 2000 (since Mar 2021), Russell 3000 (since May 2021)
Beta (5 years)
1.35
52-week range
$6.96 – $16.93
RSI (14 days)
53.6
Volatility (1 year)
77.0%
Relative volume
0.90×
WACC
11.5%

On 1 of our idea list: Most shorted (a warning list)

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2020, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodFDMTS&P 500DifferenceFDMT per yearS&P 500 per year
1 month-2.6%-2.4%−0.1 pts
3 months+13.3%-1.2%+14.4 pts
Year to date+73.2%+12.3%+60.9 pts
1 year+20.3%+12.4%+7.8 pts
3 years+17.6%+78.8%−61.3 pts+5.5%+21.4%
5 years-47.6%+75.2%−122.7 pts-12.1%+11.9%

Eight years at a glance

Fiscal years 2018 to 2025 and trailing twelve months, USD

Revenue

$92.01M+278712.1% YoY

Operating income

-$197.12M

Net income

-$179.18M

EPS, diluted

-$2.76

Free cash flow

–
Reported periodTrailing twelve months

Press releases

Releases 4D Molecular Therapeutics filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About 4D Molecular Therapeutics

Biological Products, (No Diagnostic Substances)

4D Molecular Therapeutics is a clinical-stage biotechnology company that develops disease-targeted genetic medicines. The company engineers therapies using its proprietary Therapeutic Vector Evolution platform, which creates customized adeno-associated virus vectors. Its development pipeline centers on clinical-stage therapeutic candidates for retinal and lung conditions. The lead candidate, 4D-150, targets retinal vascular diseases by delivering biologics that inhibit vascular endothelial growth factors. Additional pipeline programs include 4D-175, 4D-710, and 4D-725. The company works with collaboration partners, including Otsuka Pharmaceutical and the Cystic Fibrosis Foundation, to develop treatments for patients.

Company profile, executives and history

4D Molecular Therapeutics stock: common questions

What is 4D Molecular Therapeutics's stock price?

FDMT closed at $12.99 on Nov 11, 2026, up 4.25% on the day. Over the past 52 weeks it traded between $6.96 and $16.93.

What is 4D Molecular Therapeutics's market cap?

4D Molecular Therapeutics was worth $937.62M at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is FDMT's P/E ratio?

4D Molecular Therapeutics lost money over the twelve months to Jun 30, 2026 (diluted EPS -$2.76), so it has no meaningful P/E ratio.

How much revenue does 4D Molecular Therapeutics make?

4D Molecular Therapeutics reported revenue of $92.01M for the twelve months to Jun 30, 2026, up 278712.1% from a year earlier.

Does 4D Molecular Therapeutics pay a dividend?

No. 4D Molecular Therapeutics has not paid a cash dividend over the last twelve months.

When does 4D Molecular Therapeutics report earnings next?

4D Molecular Therapeutics's Q3 FY2026 results are due soon; the company has not yet filed them with the SEC.

How has FDMT stock performed over the past year?

Including dividends, FDMT returned +20.3% over the past year, against +12.4% for the S&P 500.

How many FDMT shares are sold short?

11M shares were sold short at the latest FINRA report, 15.42% of the float, or 10.4 days of average trading volume.

Who are 4D Molecular Therapeutics's competitors?

Companies most similar to 4D Molecular Therapeutics by business, industry and size include BEAM, RGNX, SGMOQ, MAZE, KYMR.

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