earnings
confidence high
sentiment neutral
materiality 0.65
4DMT Q1 net loss $68.8M; cash $458M; 4D-150 Phase 3 enrollment complete
4D Molecular Therapeutics, Inc.
2026-Q1 EPS reported
-$1.01
revenue$3,047,000
- Cash $458M as of Mar 31, 2026, down from $514M; expected to fund ops into H2 2028.
- Net loss $68.8M vs $48.0M YoY; R&D expenses rose to $65.0M on Phase 3 trial execution.
- 4D-150 wet AMD Phase 3 (4FRONT-1) randomization complete (N=523); topline data H1 2027.
- PRISM Phase 2b 2-year data for wet AMD expected at a conference Q3 2026; SPECTRA DME 2-year data H2 2026.
- 4D-710 (CF) AEROW trial update expected H2 2026; 4D-175 (GA) evaluating strategic funding.