We are a clinical-stage biopharmaceutical company focused on developing small molecules to improve the lives of patients with genetically defined rare diseases in areas of high unmet medical need. Our lead product candidate, pociredir, is an oral small molecule designed to induce fetal hemoglobin, or HbF, and is in clinical development for the treatment of sickle cell disease, or SCD. We completed dosing in the PIONEER trial, a Phase 1b clinical trial evaluating pociredir in adults with SCD. The PIONEER trial included 12 mg and 20 mg once-daily dose cohorts, and evaluated subjects over a 12-week treatment period. We have reported clinical data demonstrating clinically relevant HbF induction, including progression toward pan-cellular distribution, and improvements in markers of hemolysis and anemia. We are currently activating sites in an open-label extension trial to evaluate longer-term safety and pharmacodynamic, or PD, durability in patients who completed the PIONEER trial.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 80M | - | - | - |
| Net Income | -75M | -75M | -9.7M | -97M | -110M | -81M |
| EPS | $-1.18 | $-1.18 | $-0.16 | $-1.59 | $-2.44 | $-2.29 |
| Free Cash Flow | -60M | -60M | -2.5M | -91M | -99M | -80M |
| ROIC | - | -23.1% | -4.0% | -41.4% | -55.2% | -38.2% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | - | 0.07 | 0.10 | 0.14 | 0.11 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -85M | -85M | -22M | -111M | -113M | -81M |
| Operating Margin | 0.0% | - | -27.4% | - | - | - |
| ROE | 0.0% | - | -4.0% | -41.4% | -55.2% | -38.2% |
| Shares Outstanding | 63M | 63M | 61M | 61M | 45M | 35M |
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 0 | N/A | N/A | N/A | N/A | 80M | 0 | 0 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | 71M | 59M | 70M | 77M | 72M | 63M | 56M | 56M |
| SG&A | 13M | 21M | 31M | 42M | 42M | 36M | 29M | 29M |
| EBIT | -84M | -72M | -81M | -113M | -111M | -22M | -85M | -85M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | -27.4% | N/A | 0.0% |
| Net Income | -90M | -71M | -81M | -110M | -97M | -9.7M | -75M | -75M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | -12.2% | N/A | 0.0% |
| Non-Recurring | 0 | 0 | 0 | 427K | 0 | 2.1M | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | -76.3% | -74.4% | -38.2% | -55.2% | -41.4% | -4.0% | -23.1% | N/A |
| ROE | -764.9% | -74.4% | -38.2% | -55.2% | -41.4% | -4.0% | N/A | 0.0% |
| ROA | -91.5% | -54.7% | -34.4% | -48.5% | -37.8% | -3.7% | -23.9% | -20.4% |
| Cash Flow | ||||||||
| Op. Cash Flow | -39M | -54M | -78M | -97M | -91M | -2.2M | -60M | -60M |
| Free Cash Flow | -40M | -55M | -80M | -99M | -91M | -2.5M | -60M | -60M |
| Owner Earnings | -46M | -63M | -92M | -113M | -108M | -18M | -74M | -74M |
| CapEx | 853K | 1.3M | 1.7M | 2.0M | 508K | 278K | 314K | 314K |
| Maint. CapEx | 2.1M | 2.4M | 2.5M | 2.4M | 2.2M | 1.6M | 1.4M | 1.4M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2.1M | 2.4M | 2.5M | 2.4M | 2.2M | 1.6M | 1.4M | 1.4M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 4.2M | 7.3M | 11M | 13M | 15M | 15M | 12M | 12M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -198M |
| Cash & Equiv. | 97M | 57M | 35M | 35M | 26M | 58M | 198M | 198M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.27 | 0.36 | 0.11 | 0.14 | 0.10 | 0.07 | N/A | 0.00 |
| Interest Coverage | -55.7 | -90.4 | -391.6 | -41.8 | -8.3 | -1.8 | -8.6 | -8.6 |
| Equity | 87M | 95M | 212M | 199M | 235M | 243M | N/A | 0 |
| Total Assets | 110M | 130M | 235M | 227M | 258M | 261M | 366M | 366M |
| Total Liabilities | 23M | 34M | 23M | 28M | 23M | 18M | N/A | N/A |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -151M | -222M | -302M | -412M | -510M | -519M | -594M | -594M |
| Working Capital | 88M | 93M | 207M | 191M | 229M | 239M | 344M | 344M |
| Current Assets | 100M | 120M | 226M | 208M | 242M | 250M | 357M | 357M |
| Current Liabilities | 12M | 27M | 19M | 17M | 14M | 11M | 13M | 13M |
| Per Share Data | ||||||||
| EPS | -8.13 | -2.79 | -2.29 | -2.44 | -1.59 | -0.16 | -1.18 | -1.18 |
| Owner EPS | -1.96 | -2.50 | -2.61 | -2.51 | -1.76 | -0.30 | -1.16 | -1.16 |
| Book Value | 3.73 | 3.75 | 5.99 | 4.42 | 3.84 | 4.00 | N/A | 0.00 |
| Cash Flow/Share | -1.69 | -2.11 | -2.22 | -2.16 | -1.49 | -0.04 | -0.95 | -1.16 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 23.4M | 25.4M | 35.3M | 45.0M | 61.2M | 60.8M | 63.5M | 63.5M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -6.7 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 4.5 | 3.4 | 2.8 | 1.5 | 1.8 | 1.2 | N/A | N/A |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | 5.2 | N/A | N/A |
| FCF Yield | -10.2% | -17.0% | -13.4% | -33.3% | -21.8% | -0.9% | -8.2% | -12.0% |
| Market Cap | 396M | 324M | 598M | 298M | 420M | 291M | 735M | 501M |
| Avg. Price | 10.11 | 13.79 | 15.29 | 9.51 | 5.19 | 6.89 | 6.59 | 7.90 |
| Year-End Price | 16.95 | 12.75 | 16.95 | 6.61 | 6.86 | 4.79 | 11.58 | 7.90 |
Fulcrum Therapeutics, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
Fulcrum Therapeutics, Inc. (FULC) has a 5-year average return on invested capital (ROIC) of -32.4%. This is below average and may indicate limited pricing power.
Fulcrum Therapeutics, Inc. (FULC) has a market capitalization of $501M. It is classified as a small-cap stock.
Fulcrum Therapeutics, Inc. (FULC) does not currently pay a regular dividend.
Fulcrum Therapeutics, Inc. (FULC) operates in the Pharmaceutical Preparations industry, within the Healthcare sector.
Fulcrum Therapeutics, Inc. (FULC) generated $-60 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Fulcrum Therapeutics, Inc. (FULC) reported earnings per share (EPS) of $-1.18 in its most recent fiscal year.
The Ledger Terminal provides 7 years of financial data for Fulcrum Therapeutics, Inc. (FULC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.