FULCRUM THERAPEUTICS, INC. financials
Source: EDGAR filings · Built 2026-06-04T02:26:02Z
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 | -60.38M | -2.50M | -91.47M | -99.01M | -80.21M | -55.05M |
| EBITDA | -83.38M | -20.30M | -108.49M | -110.15M | -78.54M | -69.23M |
| Working Capital | 344.43M | 238.88M | 228.52M | 190.79M | 206.80M | 92.78M |
| Net Debt | -191.09M | -49.58M | -14.74M | -21.68M | -35.41M | — |
| Operating Margin | — | -27.37% | -3945.24% | -1774.85% | -422.97% | -811.64% |
| Net Margin | — | -12.16% | -3470.05% | -1732.43% | -421.89% | -802.66% |
| Return on Equity (ROE) | -21.46% | -4.00% | -41.39% | -55.23% | -38.22% | -74.40% |
| Return on Assets (ROA) | -20.44% | -3.73% | -37.77% | -48.47% | -34.40% | -54.65% |
| Current Ratio | 27.40× | 22.63× | 17.71× | 12.41× | 11.77× | 4.47× |
| Debt-to-Equity | 0.02× | 0.04× | 0.05× | 0.07× | 0.00× | — |
| Cash Conversion Ratio | 0.80× | 0.23× | 0.93× | 0.88× | 0.97× | 0.76× |
| Accruals Ratio | -0.04× | -0.03× | -0.02× | -0.06× | -0.01× | -0.13× |
| SBC % of Revenue | — | 18.19% | 527.70% | 210.50% | 57.77% | 83.31% |
| CapEx Coverage | -191.29× | -7.98× | -179.06× | -49.44× | -45.34× | -38.55× |
| Free Cash Flow Per Share | $-0.95 | $-0.04 | $-1.49 | $-2.20 | $-2.27 | $-2.17 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Research and Development Expense | 56.10M | 63.39M | 71.80M | 76.78M | 69.70M | 59.04M |
| Operating Expenses | 84.77M | 101.90M | 113.47M | 118.90M | 100.22M | 80.43M |
| Operating Income (Loss) | -84.77M | -21.90M | -110.66M | -112.56M | -81.05M | -71.61M |
| Income Tax Expense (Benefit) | 0 | 0 | — | — | — | — |
| Net Income (Loss) Attributable to Parent | -74.88M | -9.72M | -97.33M | -109.87M | -80.85M | -70.82M |
| Earnings Per Share, Basic | $-1.18 | $-0.16 | $-1.59 | $-2.44 | $-2.29 | $-2.79 |
| Weighted Average Number of Shares Outstanding, Basic | 63.35M | 61.98M | 61.31M | 44.99M | 35.36M | 25.35M |
| Earnings Per Share, Diluted | $-1.18 | $-0.16 | $-1.59 | $-2.44 | $-2.29 | $-2.79 |
| Weighted Average Number of Shares Outstanding, Diluted | 63.35M | 61.98M | 61.31M | 44.99M | 35.36M | 25.35M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 197.53M | 58.21M | 25.56M | 35.10M | 35.41M | 57.05M |
| Assets, Current | 357.48M | 249.92M | 242.20M | 207.52M | 226.00M | 119.51M |
| Assets | 366.28M | 260.72M | 257.69M | 226.69M | 235.00M | 129.58M |
| Liabilities, Current | 13.05M | 11.04M | 13.68M | 16.73M | 19.20M | 26.73M |
| Liabilities | 17.28M | 17.68M | 22.50M | 27.74M | 23.46M | 34.40M |
| Stockholders' Equity Attributable to Parent | 349.00M | 243.03M | 235.19M | 198.94M | 211.54M | 95.18M |
| Common Stock, Shares, Outstanding | 66.58M | 53.97M | 61.92M | 52.10M | 40.63M | 27.94M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -60.06M | -2.22M | -90.97M | -97.05M | -78.48M | -53.66M |
| Payments to Acquire Property, Plant, and Equipment | 314.00K | 278.00K | 508.00K | 1.96M | 1.71M | 1.34M |
| Net Cash Provided by (Used in) Investing Activities | 30.72M | 32.23M | -36.69M | 12.41M | -129.67M | -57.14M |
| Net Cash Provided by (Used in) Financing Activities | 168.67M | 2.75M | 118.12M | 84.32M | 186.51M | 71.13M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -18.76M | -16.96M | -43.42M | -29.14M | -15.26M | -16.99M |
| EBITDA | -21.85M | -22.35M | -21.56M | -19.52M | -20.05M | -19.06M |
| Working Capital | 328.81M | 344.43M | 194.23M | 210.39M | 224.46M | 238.88M |
| Net Debt | -44.39M | -191.09M | -40.07M | -35.02M | -34.07M | -49.58M |
| Return on Equity (ROE) | -5.67% | -5.83% | -9.88% | -8.07% | -7.73% | -6.82% |
| Return on Assets (ROA) | -5.45% | -5.55% | -9.12% | -7.56% | -7.28% | -6.35% |
| Current Ratio | 34.33× | 27.40× | 17.70× | 24.42× | 28.71× | 22.63× |
| Debt-to-Equity | 0.02× | 0.02× | 0.04× | 0.04× | 0.04× | 0.04× |
| Cash Conversion Ratio | 0.99× | 0.83× | 2.21× | 1.68× | 0.86× | 1.01× |
| Accruals Ratio | -0.00× | -0.01× | 0.11× | 0.05× | -0.01× | 0.00× |
| CapEx Coverage | -2343.75× | -105.65× | -279.14× | -447.34× | — | -72.56× |
| Free Cash Flow Per Share | $-0.25 | $-0.27 | $-0.69 | $-0.47 | $-0.24 | $-0.27 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Research and Development Expense | 14.08M | 15.42M | 14.30M | 12.99M | 13.40M | 11.71M |
| Operating Expenses | 22.19M | 22.69M | 21.86M | 19.82M | 20.40M | 19.43M |
| Operating Income (Loss) | -22.19M | -22.69M | -21.86M | -19.82M | -20.40M | -19.43M |
| Net Income (Loss) Attributable to Parent | -18.89M | -20.33M | -19.59M | -17.30M | -17.66M | -16.57M |
| Earnings Per Share, Basic | $-0.25 | $-0.31 | $-0.31 | $-0.28 | $-0.28 | $-0.27 |
| Weighted Average Number of Shares Outstanding, Basic | 76.22M | 63.35M | 62.60M | 62.54M | 62.48M | 61.98M |
| Earnings Per Share, Diluted | $-0.25 | $-0.31 | $-0.31 | $-0.28 | $-0.28 | $-0.27 |
| Weighted Average Number of Shares Outstanding, Diluted | 76.22M | 63.35M | 62.60M | 62.54M | 62.48M | 61.98M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 50.26M | 197.53M | 47.08M | 42.59M | 42.18M | 58.21M |
| Assets, Current | 338.67M | 357.48M | 205.86M | 219.37M | 232.56M | 249.92M |
| Assets | 346.77M | 366.28M | 214.86M | 228.84M | 242.65M | 260.72M |
| Liabilities, Current | 9.86M | 13.05M | 11.63M | 8.98M | 8.10M | 11.04M |
| Liabilities | 13.47M | 17.28M | 16.49M | 14.46M | 14.16M | 17.68M |
| Stockholders' Equity Attributable to Parent | 333.30M | 349.00M | 198.37M | 214.38M | 228.49M | 243.03M |
| Common Stock, Shares, Outstanding | 66.61M | 66.58M | 54.11M | 54.09M | 53.98M | 53.97M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -18.75M | -16.80M | -43.27M | -29.08M | -15.26M | -16.76M |
| Payments to Acquire Property, Plant, and Equipment | 8.00K | 159.00K | 155.00K | 65.00K | 0 | 231.00K |
| Net Cash Provided by (Used in) Investing Activities | -128.21M | -1.05M | 31.77M | 13.16M | -777.00K | 2.26M |
| Net Cash Provided by (Used in) Financing Activities | -312.00K | 168.30M | 365.00K | 301.00K | 0 | 83.00K |
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 (FULC CIK 0001680581),
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.