4D Molecular Therapeutics Operating Expenses Growth & History (FDMT)
4D Molecular Therapeutics's operating expenses was $244.8M for fiscal 2025.
View full 4D Molecular Therapeutics company overview4D Molecular Therapeutics annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $244.8M | $56.9M | +30.27% |
| 2024 | 2024-12-31 | $187.9M | $54.3M | +40.64% |
| 2023 | 2023-12-31 | $133.6M | $20.4M | +18.05% |
| 2022 | 2022-12-31 | $113.2M | $23.8M | +26.62% |
| 2021 | 2021-12-31 | $89.4M | $19.1M | +27.17% |
| 2020 | 2020-12-31 | $70.3M | $12.5M | +21.69% |
| 2019 | 2019-12-31 | $57.8M | — | — |
4D Molecular Therapeutics quarterly operating expenses
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $80.8M | $21.3M | +35.87% |
| Q1 2026 | 2026-03-31 | $76.7M | $23.0M | +42.94% |
| Q4 2025 | 2025-12-31 | $70.4M | $14.3M | +25.41% |
| Q3 2025 | 2025-09-30 | $61.3M | $10.1M | +19.83% |
| Q2 2025 | 2025-06-30 | $59.5M | $17.0M | +40.06% |
| Q1 2025 | 2025-03-31 | $53.6M | $15.5M | +40.54% |
| Q4 2024 | 2024-12-31 | $56.1M | $19.5M | +53.19% |
| Q3 2024 | 2024-09-30 | $51.1M | $17.0M | +49.61% |
| Q2 2024 | 2024-06-30 | $42.5M | $10.1M | +31.15% |
| Q1 2024 | 2024-03-31 | $38.2M | $7.8M | +25.52% |
| Q4 2023 | 2023-12-31 | $36.6M | $6.7M | +22.24% |
| Q3 2023 | 2023-09-30 | $34.2M | $7.2M | +26.61% |
| Q2 2023 | 2023-06-30 | $32.4M | $3.8M | +13.25% |
| Q1 2023 | 2023-03-31 | $30.4M | $2.8M | +10.12% |
| Q4 2022 | 2022-12-31 | $30.0M | $5.1M | +20.56% |
| Q3 2022 | 2022-09-30 | $27.0M | $3.0M | +12.35% |
| Q2 2022 | 2022-06-30 | $28.6M | $6.4M | +28.91% |
| Q1 2022 | 2022-03-31 | $27.6M | $9.3M | +50.78% |
| Q4 2021 | 2021-12-31 | $24.9M | $5.4M | +27.83% |
| Q3 2021 | 2021-09-30 | $24.0M | $8.8M | +57.69% |
| Q2 2021 | 2021-06-30 | $22.2M | $3.4M | +18.07% |
| Q1 2021 | 2021-03-31 | $18.3M | $1.5M | +8.92% |
| Q4 2020 | 2020-12-31 | $19.4M | — | — |
| Q3 2020 | 2020-09-30 | $15.2M | — | — |
| Q2 2020 | 2020-06-30 | $18.8M | — | — |
| Q1 2020 | 2020-03-31 | $16.8M | — | — |
4D Molecular Therapeutics operating expenses trends
Over the last five fiscal years, 4D Molecular Therapeutics's operating expenses increased from $70.3M to $244.8M, a change of $174.5M. The latest reported quarter, Q2 2026, shows $80.8M.
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review 4D Molecular Therapeutics source filings ↗