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FDMT

4D Molecular Therapeutics, Inc.
$11.85
-6.10% Oct 22 close
Healthcare CompareTechnicals
-36%-15%+7%+28%+49%Oct 2025Oct 2026Apr 2026
FDMTSPY
1W
-7.9%
1M
-25.4%
3M
+14.2%
6M
+23.3%
YTD
+58.0%
1Y
+12.6%

Live chart

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What they do

4D Molecular Therapeutics, Inc., a late-stage biotechnology company, engages in the development of adeno-associated virus vectors from its proprietary synthetic vector discovery platform, Therapeutic Vector Evolution in the Netherlands and the United States.

Healthcare · Biotechnology

For information only · Important disclosures

Grades vs sector

No sector grades for FDMT yet. Grades rank S&P 1500 stocks within their sector and refresh after each daily data run, so a stock outside that index or newly covered has none.

Systematic Models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
4D Molecular Therapeutics Targets Wet AMD Injection Burden With 4D-150 Gene Therapy
MarketBeat · Oct 22

Key stats

Market value$723.7M
P/E (next 12 months, estimated)-3.2
52-week range$6.96 – $16.93
Revenue growth (latest quarter vs a year ago)+25106.7%
Dividend yieldNo dividend
Analyst consensusStrong Buy (11)
Average analyst price target$28.09 (+137%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
No cash-flow valuation
Model read-out from the numbers below, not advice. Score +1 (DCF counts double).
•Piotroski F-score4/9
•Altman Z2.4 (grey)
▲Analyst target+137% (11 analysts)

Discounted cash flow

Trailing free cash flow is negative or missing, so a cash-flow DCF isn't meaningful by default. You can enter your own assumptions below.
Reverse DCFfor context, not a signal
Trailing free cash flow is zero or negative, so there's no growth rate to solve for. The price is betting on a turnaround to positive cash flow.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 2.74 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs sector

Forward EPS $-4.09 vs trailing $-2.60. Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
–
Operating margin
-214.2%
FCF margin
-169.5%
Net margin
-194.7%
Return on equity
-44.0%
Return on invested capital
-236.3%
Net debt / EBITDA
–
Current ratio
8.0×
Interest cover
–
Cash conversion (OCF/NI)
–
Piotroski F-score 4/9 · last two fiscal years
✗ Positive net income✗ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✓ Asset turnover improved

Altman Z-score 2.4 (grey zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$28
+137%
Analysts
11
Strong Buy
Range
$18–$37
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$85.2M$-140.1M$-109.6M
2024$37.0K$-160.9M$-138.4M
2023$20.7M$-100.8M$-78.6M
2022$3.1M$-107.5M$-98.2M
2021$18.0M$-71.3M$-78.2M
2020$13.6M$-56.7M$-51.9M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +200.9%.

Earnings

Next report: 2026-11-10 · during market · EPS est -1.05
24-1125-0225-0525-0825-1126-0326-0526-08-1.040.43
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-13-1.02-1.04-2.3%
2026-05-07-1.00-1.01-1.4%
2026-03-18-0.530.43+181.4%
2025-11-10-0.98-1.01-2.8%
2025-08-11-0.69-0.98-41.4%
2025-05-08-0.86-0.86+0.2%
2025-02-28-0.84-0.90-7.4%
2024-11-13-0.70-0.79-12.2%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$3.8M+25106.7%
2026-03-31$3.0M–
2025-12-31$85.1M–
2025-09-30$90.0K–
2025-06-30$15.0K–
Rating changes
Reiterated
2026-10-06 · Chardan Capital reiterated Buy on FDMT
Reiterated
2026-09-29 · B of A Securities reiterated Buy on FDMT
Upgrade
2026-09-14 · Cantor Fitzgerald upgraded FDMT from Neutral to Overweight
Initiated
2026-07-31 · B. Riley Securities started covering FDMT at Buy
Reiterated
2026-07-20 · HC Wainwright & Co. reiterated Buy on FDMT
Reiterated
2026-03-20 · HC Wainwright & Co. reiterated Buy on FDMT

Third-party analyst actions, not Coteau's views. All rating changes

Insider trades
Bizily Scott
Chief Legal Officer · 2026-10-16
Sell
$21.0K
Kirn David
Director, See Remarks · 2026-10-05
Sell
$3.7K
Kirn David
Director, See Remarks · 2026-10-05
Sell
$750.2K
Bizily Scott
Chief Legal Officer · 2026-09-16
Sell
$22.3K
Kirn David
Director, See Remarks · 2026-09-14
Sell
$811.0K
Bizily Scott
Chief Legal Officer · 2026-09-01
Sell
$8.2K
Kirn David
Director, See Remarks · 2026-08-19
Sell
$425.7K
Kirn David
Director, See Remarks · 2026-08-19
Sell
$662.6K
Bizily Scott
Chief Legal Officer · 2026-08-17
Sell
$19.9K
Bizily Scott
Chief Legal Officer · 2026-08-13
Sell
$19.6K
Kirn David
Director, See Remarks · 2026-08-04
Sell
$274.6K
Kirn David
Director, See Remarks · 2026-08-03
Sell
$124.7K

Stats refreshed 2026-10-21 12:33:47 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

Free. Not investment advice. Unsubscribe anytime.

coteau

Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

Beta 0.9 · Oct 21, 2026