Foghorn Therapeutics Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:00:52Z
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 | -86.15M | -101.31M | -119.33M | 192.40M | -53.56M | -47.47M |
| EBITDA | -83.06M | -99.56M | -104.45M | -113.82M | -97.51M | -67.20M |
| Working Capital | 103.50M | 182.61M | 181.75M | 296.19M | 410.87M | 171.84M |
| Net Debt | -39.61M | -18.32M | -35.26M | -707.00K | -42.80M | -10.80M |
| Operating Margin | -279.49% | -454.31% | -315.93% | -609.20% | -7637.15% | -15937.44% |
| Net Margin | -240.33% | -383.24% | -288.17% | -566.27% | -7681.58% | -16000.00% |
| Return on Equity (ROE) | 68.46% | 190.26% | 127.51% | -97216.07% | -104.59% | -47.06% |
| Return on Assets (ROA) | -37.50% | -30.50% | -34.42% | -26.89% | -19.49% | -26.92% |
| Current Ratio | 2.73× | 3.73× | 4.11× | 6.37× | 9.44× | 10.12× |
| Debt-to-Equity | -0.38× | -0.82× | -0.58× | 459.88× | 0.60× | 0.56× |
| Effective Tax Rate | — | 0.00% | -4.49% | 0.00% | — | — |
| Cash Conversion Ratio | 1.16× | 1.16× | 1.20× | -1.78× | 0.50× | 0.45× |
| Accruals Ratio | 0.06× | 0.05× | 0.07× | -0.75× | -0.10× | -0.15× |
| SBC % of Revenue | 33.64% | 52.62% | 47.39% | 74.56% | 635.63% | 688.60% |
| CapEx Coverage | -1721.98× | -110.82× | -96.49× | 160.01× | -15.17× | -1.93× |
| Free Cash Flow Per Share | $-1.37 | $-1.85 | $-2.84 | $4.63 | $-1.44 | $-4.30 |
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 | 30.91M | 22.60M | 34.16M | 19.23M | 1.32M | 430.00K |
| Research and Development Expense | 85.47M | 94.53M | 109.69M | 105.62M | 80.33M | 57.72M |
| Operating Expenses | 117.30M | 125.28M | 142.06M | 136.37M | 102.05M | 68.96M |
| Operating Income (Loss) | -86.39M | -102.68M | -107.91M | -117.14M | -100.73M | -68.53M |
| Income Tax Expense (Benefit) | 0 | 0 | 4.23M | 0 | — | 0 |
| Net Income (Loss) Attributable to Parent | -74.28M | -86.62M | -98.43M | -108.88M | -101.32M | -68.80M |
| Earnings Per Share, Basic | $-1.18 | $-1.58 | $-2.34 | $-2.62 | $-2.73 | $-6.23 |
| Weighted Average Number of Shares Outstanding, Basic | 62.98M | 54.90M | 41.97M | 41.59M | 37.17M | 11.05M |
| Earnings Per Share, Diluted | $-1.18 | $-1.58 | $-2.34 | $-2.62 | $-2.73 | $-6.23 |
| Weighted Average Number of Shares Outstanding, Diluted | 62.98M | 54.90M | 41.97M | 41.59M | 37.17M | 11.05M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 80.88M | 55.45M | 80.34M | 52.21M | 101.14M | 92.80M |
| Assets, Current | 163.24M | 249.60M | 240.18M | 351.40M | 459.56M | 190.69M |
| Assets | 198.10M | 283.98M | 285.92M | 404.88M | 519.77M | 255.59M |
| Long-term Debt | — | — | — | — | — | 19.65M |
| Liabilities, Current | 59.74M | 66.99M | 58.44M | 55.20M | 48.69M | 18.85M |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | 0 | 19.65M |
| Liabilities | 306.60M | 329.51M | 363.11M | 404.77M | 422.90M | 109.41M |
| Stockholders' Equity Attributable to Parent | -108.50M | -45.53M | -77.19M | 112.00K | 96.87M | 146.19M |
| Common Stock, Shares, Outstanding | 56.66M | 55.59M | 42.28M | 41.80M | 41.30M | 36.79M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -86.10M | -100.41M | -118.11M | 193.61M | -50.25M | -31.29M |
| Payments to Acquire Property, Plant, and Equipment | 50.00K | 906.00K | 1.22M | 1.21M | 3.31M | 16.18M |
| Net Cash Provided by (Used in) Investing Activities | 112.04M | -29.90M | 144.45M | -244.32M | 36.17M | -108.91M |
| Net Cash Provided by (Used in) Financing Activities | 1.02M | 105.43M | 1.78M | 1.76M | 22.42M | 217.47M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -25.27M | -22.27M | -63.88M | -45.02M | -24.00M | -25.00M |
| EBITDA | -21.34M | -23.08M | -17.60M | -20.20M | -22.09M | -23.24M |
| Working Capital | 123.66M | 103.50M | 99.03M | 126.06M | 154.11M | 182.61M |
| Net Debt | -45.67M | -39.61M | -66.81M | -48.87M | -26.17M | -18.32M |
| Operating Margin | -660.33% | -258.22% | -226.92% | -279.17% | -384.96% | -840.51% |
| Net Margin | -608.36% | -234.28% | -194.39% | -237.34% | -316.43% | -682.88% |
| Return on Equity (ROE) | 26.01% | 19.97% | 17.68% | 23.40% | 30.55% | 42.84% |
| Return on Assets (ROA) | -8.95% | -10.94% | -7.73% | -7.93% | -7.28% | -6.87% |
| Current Ratio | 2.92× | 2.73× | 2.16× | 2.62× | 3.16× | 3.73× |
| Debt-to-Equity | -0.55× | -0.38× | -0.25× | -0.31× | -0.57× | -0.82× |
| Effective Tax Rate | — | — | — | — | — | 0.00% |
| Cash Conversion Ratio | 1.27× | 1.03× | 4.03× | 2.51× | 1.27× | 1.26× |
| Accruals Ratio | 0.02× | 0.00× | 0.23× | 0.12× | 0.02× | 0.02× |
| SBC % of Revenue | 72.94% | 24.23% | 33.52% | 36.17% | 45.23% | 86.94% |
| CapEx Coverage | — | — | -1276.56× | -899.36× | -856.00× | -51.19× |
| Free Cash Flow Per Share | $-0.36 | $-0.35 | $-1.01 | $-0.71 | $-0.38 | $-0.46 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/S | 9.94× | 9.90× | 11.28× | 10.85× | 8.65× | 11.61× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 3.27M | 9.25M | 8.15M | 7.56M | 5.95M | 2.86M |
| Research and Development Expense | 18.26M | 22.05M | 20.00M | 21.79M | 21.63M | 20.51M |
| Operating Expenses | 24.84M | 33.13M | 26.65M | 28.65M | 28.86M | 26.86M |
| Operating Income (Loss) | -21.57M | -23.88M | -18.50M | -21.10M | -22.91M | -24.00M |
| Income Tax Expense (Benefit) | — | — | — | — | — | 0 |
| Net Income (Loss) Attributable to Parent | -19.88M | -21.66M | -15.85M | -17.94M | -18.83M | -19.50M |
| Earnings Per Share, Basic | $-0.29 | $-0.34 | $-0.25 | $-0.28 | $-0.30 | $-0.30 |
| Weighted Average Number of Shares Outstanding, Basic | 69.54M | 62.98M | 63.03M | 62.98M | 62.85M | 54.90M |
| Earnings Per Share, Diluted | $-0.29 | $-0.34 | $-0.25 | $-0.28 | $-0.30 | $-0.30 |
| Weighted Average Number of Shares Outstanding, Diluted | 69.54M | 62.98M | 63.03M | 62.98M | 62.85M | 54.90M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 87.66M | 80.88M | 89.33M | 72.57M | 61.03M | 55.45M |
| Assets, Current | 188.06M | 163.24M | 184.12M | 203.84M | 225.42M | 249.60M |
| Assets | 222.17M | 198.10M | 204.96M | 226.24M | 258.69M | 283.98M |
| Liabilities, Current | 64.40M | 59.74M | 85.09M | 77.79M | 71.31M | 66.99M |
| Liabilities | 298.57M | 306.60M | 294.62M | 302.89M | 320.34M | 329.51M |
| Stockholders' Equity Attributable to Parent | -76.41M | -108.50M | -89.66M | -76.66M | -61.65M | -45.53M |
| Common Stock, Shares, Outstanding | 58.71M | 56.66M | 56.54M | 55.80M | 55.72M | 55.59M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -25.27M | -22.27M | -63.83M | -44.97M | -23.97M | -24.52M |
| Payments to Acquire Property, Plant, and Equipment | 0 | 0 | 50.00K | 50.00K | 28.00K | 479.00K |
| Net Cash Provided by (Used in) Investing Activities | -17.72M | 13.23M | 98.81M | 63.23M | 29.40M | 22.29M |
| Net Cash Provided by (Used in) Financing Activities | 49.77M | 581.00K | 442.00K | 393.00K | 139.00K | 4.00K |
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 (FHTX CIK 0001822462),
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.