C4 Therapeutics, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:35:12Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -99.30M | -65.34M | -108.55M | -111.44M | -88.24M | -67.90M |
| EBITDA | -113.26M | -117.80M | -137.15M | -127.86M | -80.64M | -58.83M |
| Working Capital | 225.08M | 212.59M | 228.42M | 243.01M | 274.44M | 337.16M |
| Net Debt | -14.62M | 10.26M | -55.61M | 57.40M | -33.24M | -158.81M |
| Operating Margin | -320.53% | -336.15% | -669.84% | -416.56% | -179.39% | — |
| Net Margin | -292.08% | -295.96% | -638.34% | -412.19% | -183.23% | — |
| Return on Equity (ROE) | -40.92% | -48.76% | -53.83% | -44.32% | -21.53% | -23.62% |
| Return on Assets (ROA) | -29.24% | -30.12% | -35.20% | -29.75% | -16.55% | -16.58% |
| Current Ratio | 7.81× | 5.71× | 6.34× | 6.46× | 6.36× | 8.69× |
| Debt-to-Equity | 0.23× | 0.30× | 0.29× | 0.30× | 0.11× | 0.08× |
| Effective Tax Rate | -0.12% | -0.12% | -0.98% | 0.00% | 0.00% | 0.93% |
| Cash Conversion Ratio | 0.94× | 0.62× | 0.81× | 0.83× | 1.04× | 1.01× |
| Accruals Ratio | -0.02× | -0.11× | -0.07× | -0.05× | 0.01× | 0.00× |
| SBC % of Revenue | 53.13% | 83.36% | 131.22% | 96.53% | 46.98% | — |
| CapEx Coverage | -162.59× | -361.98× | -62.55× | -19.28× | -68.10× | -103.46× |
| Free Cash Flow Per Share | $-1.20 | $-0.94 | $-2.19 | $-2.28 | $-1.92 | $-5.97 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 35.95M | 35.58M | 20.76M | 31.10M | 45.78M | — |
| Research and Development Expense | 104.24M | 110.64M | 117.71M | 117.84M | 94.67M | 78.44M |
| Operating Expenses | 151.17M | 155.20M | 159.79M | 160.63M | 127.92M | 93.64M |
| Operating Income (Loss) | -115.22M | -119.61M | -139.03M | -129.53M | -82.13M | -60.45M |
| Income Tax Expense (Benefit) | 121.00K | 131.00K | 1.28M | 0 | 0 | -626.00K |
| Net Income (Loss) Attributable to Parent | -104.99M | -105.32M | -132.49M | -128.18M | -83.89M | -66.33M |
| Earnings Per Share, Basic | $-1.27 | $-1.52 | $-2.67 | $-2.62 | $-1.82 | $-5.83 |
| Weighted Average Number of Shares Outstanding, Basic | 82.89M | 69.37M | 49.64M | 48.86M | 46.04M | — |
| Earnings Per Share, Diluted | $-1.27 | $-1.52 | $-2.67 | $-2.62 | $-1.82 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 82.89M | 69.37M | 49.64M | 48.86M | 46.04M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 74.60M | 55.50M | 126.59M | 29.75M | 76.12M | 181.73M |
| Assets, Current | 258.11M | 257.77M | 271.19M | 287.56M | 325.69M | 381.01M |
| Assets | 359.07M | 349.60M | 376.45M | 430.84M | 506.76M | 400.14M |
| Long-term Debt | — | — | — | 11.48M | 10.77M | 10.05M |
| Liabilities, Current | 33.03M | 45.18M | 42.77M | 44.55M | 51.25M | 43.85M |
| Long-term Debt, Excluding Current Maturities | — | — | 0 | 9.20M | 10.77M | 10.05M |
| Liabilities | 102.49M | 133.62M | 130.34M | 141.61M | 117.16M | 119.35M |
| Stockholders' Equity Attributable to Parent | 256.59M | 215.99M | 246.11M | 289.23M | 389.61M | 280.79M |
| Common Stock, Shares, Outstanding | 96.91M | 70.63M | 60.47M | 48.97M | 48.69M | 43.06M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -98.69M | -65.16M | -106.84M | -105.94M | -86.97M | -67.25M |
| Payments to Acquire Property, Plant, and Equipment | 607.00K | 180.00K | 1.71M | 5.50M | 1.28M | 650.00K |
| Net Cash Provided by (Used in) Investing Activities | -8.60M | -51.27M | 158.35M | 58.42M | -189.34M | -190.50M |
| Payments for Repurchase of Common Stock | 193.00K | 194.00K | 110.00K | 0 | — | 194.00K |
| Net Cash Provided by (Used in) Financing Activities | 126.40M | 45.34M | 45.49M | 1.15M | 171.40M | 348.93M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -30.01M | -22.16M | -77.14M | -45.53M | -33.28M | -17.93M |
| EBITDA | -27.38M | -22.77M | — | — | -28.71M | -37.34M |
| Working Capital | 218.12M | 225.08M | 170.92M | 180.27M | 191.72M | 212.59M |
| Net Debt | -2.83M | -14.62M | 2.65M | -15.23M | 13.07M | 10.26M |
| Operating Margin | -451.64% | -210.10% | -306.43% | -440.99% | -402.93% | -728.39% |
| Net Margin | -408.47% | -185.97% | -286.43% | -402.60% | -363.66% | -667.82% |
| Return on Equity (ROE) | -10.73% | -7.98% | -20.83% | -14.95% | -13.49% | -16.01% |
| Return on Assets (ROA) | -7.64% | -5.71% | -12.12% | -8.77% | -8.24% | -9.89% |
| Current Ratio | 9.00× | 7.81× | 5.75× | 5.06× | 5.70× | 5.71× |
| Debt-to-Equity | 0.25× | 0.23× | 0.40× | 0.36× | 0.33× | 0.30× |
| Effective Tax Rate | — | -0.59% | 0.00% | 0.00% | 0.00% | -0.38% |
| Cash Conversion Ratio | 1.19× | 1.08× | 2.38× | 1.74× | 1.26× | 0.52× |
| Accruals Ratio | 0.01× | 0.00× | 0.17× | 0.07× | 0.02× | -0.05× |
| SBC % of Revenue | 43.42% | 36.37% | 134.39% | 162.45% | 76.08% | 159.07% |
| CapEx Coverage | -467.88× | -2013.18× | -128.44× | -245.09× | — | 4483.00× |
| Free Cash Flow Per Share | $-0.24 | $-0.27 | $-1.06 | $-0.64 | $-0.47 | $-0.26 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 6.15M | 11.02M | 11.23M | 6.46M | 7.24M | 5.18M |
| Research and Development Expense | 24.61M | 24.98M | 25.99M | 26.20M | 27.07M | 32.51M |
| Operating Expenses | 33.94M | 34.16M | 45.64M | 34.96M | 36.40M | 42.89M |
| Operating Income (Loss) | -27.79M | -23.14M | -34.41M | -28.50M | -29.16M | -37.71M |
| Income Tax Expense (Benefit) | 0 | 121.00K | 0 | 0 | 0 | 131.00K |
| Net Income (Loss) Attributable to Parent | -25.13M | -20.49M | -32.17M | -26.02M | -26.32M | -34.57M |
| Earnings Per Share, Basic | $-0.20 | $-0.09 | $-0.44 | $-0.37 | $-0.37 | $-0.49 |
| Weighted Average Number of Shares Outstanding, Basic | 126.07M | 82.89M | 72.56M | 71.01M | 70.83M | 69.37M |
| Earnings Per Share, Diluted | $-0.20 | $-0.09 | $-0.44 | $-0.37 | $-0.37 | $-0.49 |
| Weighted Average Number of Shares Outstanding, Diluted | 126.07M | 82.89M | 72.56M | 71.01M | 70.83M | 69.37M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 61.27M | 74.60M | 58.81M | 78.16M | 51.29M | 55.50M |
| Assets, Current | 245.37M | 258.11M | 206.86M | 224.73M | 232.53M | 257.77M |
| Assets | 328.86M | 359.07M | 265.49M | 296.53M | 319.52M | 349.60M |
| Liabilities, Current | 27.25M | 33.03M | 35.95M | 44.46M | 40.82M | 45.18M |
| Liabilities | 94.61M | 102.49M | 111.08M | 122.46M | 124.38M | 133.62M |
| Stockholders' Equity Attributable to Parent | 234.25M | 256.59M | 154.41M | 174.06M | 195.14M | 215.99M |
| Common Stock, Shares, Outstanding | 104.04M | 96.91M | 74.17M | 71.01M | 70.99M | 70.63M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -29.94M | -22.14M | -76.55M | -45.34M | -33.28M | -17.93M |
| Payments to Acquire Property, Plant, and Equipment | 64.00K | 11.00K | 596.00K | 185.00K | 0 | -4.00K |
| Net Cash Provided by (Used in) Investing Activities | 16.15M | -80.73M | 72.13M | 68.05M | 29.13M | 13.67M |
| Payments for Repurchase of Common Stock | 200.00K | 14.00K | 179.00K | 155.00K | 155.00K | 0 |
| Net Cash Provided by (Used in) Financing Activities | 462.00K | 118.67M | 7.73M | -46.00K | -46.00K | 112.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (CCCC CIK 0001662579),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.