Foghorn Therapeutics Inc. logo

Foghorn Therapeutics Inc.

FHTX

NASDAQHealthcareBiotechnology

Regular session

$6.805

−$0.265 · -3.75%

Aug 24, 10:10 AM ET

FHTX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

67

Undervalued

Momentum

68

Gaining

Sentiment

41

Mixed

Risk resilience

33

High Risk

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Company profile

Company website

Foghorn Therapeutics Inc. is a clinical-stage biopharmaceutical company dedicated to discovering and developing medicines. Their focus is on addressing genetically determined vulnerabilities within the chromatin regulatory system. The company employs its exclusive "Gene Traffic Control" platform to pinpoint, validate, and strategize drug development for specific targets within this complex system. Its pipeline includes FHD-286, a small-molecule agent engineered to halt the enzymatic activity of BRG1 and BRM. This compound is being developed to treat metastatic uveal melanoma, as well as acute myeloid leukemia and myelodysplastic syndrome that have either recurred or are resistant to previous therapies. Another key candidate, FHD-609, is a small-molecule protein degrader designed to target BRD9, intended for patients diagnosed with synovial sarcoma. Beyond these, Foghorn is also further developing a selective enzymatic inhibitor and a protein degrader, both designed to modulate BRM. Additionally, they are working on ARID1B selective modulators, with potential applications in treating ovarian, endometrial, colorectal, bladder, and gastric cancers. The company has forged strategic alliances, including a research collaboration and licensing agreement with Merck Sharp & Dohme Corp. aimed at unearthing and creating novel oncology therapies focused on a transcription factor target. They also collaborate with Loxo Oncology to devise new cancer treatments. Foghorn Therapeutics Inc. was established in 2015 and maintains its headquarters in Cambridge, Massachusetts.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Adrian H. Gottschalk
Listed since
Oct 23, 2020
Employees
106

Market position

Day range

Current $6.805

52-week range

Current $6.805

Open
$7.07
Previous close
$7.07
Volume
87.18K
0.36× average
Average volume
243.89K
Average daily volume
Market cap
399.55M USD
Beta
2.84
Market reference 1
50-day average
$5.2726
+29.06% above average
200-day average
$5.0281
+35.34% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
300.49M USD
P/E (TTM)
-6.87×
P/B (TTM)
-5.93×
P/S (TTM)
10.88×
EV / EBITDA
-4.24×
Earnings yield
-21.84%
Free cash flow yield
-25.33%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
42.73%
Operating margin
-186.38%
Net margin
-175.78%
Return on equity
68.46%
Return on assets
-37.50%
Return on invested capital
-58.95%

Financial health

Debt / equity
-0.53×
Current ratio
2.73×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends878%-2234%-5347%-8460%Gross margin, FY2021: 100.00%Gross margin, FY2022: 100.00%Gross margin, FY2023: 100.00%Gross margin, FY2024: 100.00%Gross margin, FY2025: 89.22%Operating margin, FY2021: -7637.15%Operating margin, FY2022: -609.20%Operating margin, FY2023: -315.93%Operating margin, FY2024: -454.31%Operating margin, FY2025: -265.64%Net margin, FY2021: -7681.58%Net margin, FY2022: -566.27%Net margin, FY2023: -288.17%Net margin, FY2024: -383.24%Net margin, FY2025: -240.33%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 100.00%. Gross margin FY2023 100.00%. Gross margin FY2024 100.00%. Gross margin FY2025 89.22%. Operating margin FY2021 -7637.15%. Operating margin FY2022 -609.20%. Operating margin FY2023 -315.93%. Operating margin FY2024 -454.31%. Operating margin FY2025 -265.64%. Net margin FY2021 -7681.58%. Net margin FY2022 -566.27%. Net margin FY2023 -288.17%. Net margin FY2024 -383.24%. Net margin FY2025 -240.33%.

Income trends

Revenue

30.91M USD+36.75%

Operating income

−82.11M USD+20.04%

Net income

−74.28M USD+14.24%
Income trends across reported periods49.28M USD−11.23M USD−71.75M USD−132.27M USDRevenue, FY2021: 1.32M USDRevenue, FY2022: 19.23M USDRevenue, FY2023: 34.16M USDRevenue, FY2024: 22.6M USDRevenue, FY2025: 30.91M USDOperating income, FY2021: −100.73M USDOperating income, FY2022: −117.14M USDOperating income, FY2023: −107.91M USDOperating income, FY2024: −102.68M USDOperating income, FY2025: −82.11M USDNet income, FY2021: −101.32M USDNet income, FY2022: −108.88M USDNet income, FY2023: −98.43M USDNet income, FY2024: −86.62M USDNet income, FY2025: −74.28M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.32M USD. Revenue FY2022 19.23M USD. Revenue FY2023 34.16M USD. Revenue FY2024 22.6M USD. Revenue FY2025 30.91M USD. Operating income FY2021 −100.73M USD. Operating income FY2022 −117.14M USD. Operating income FY2023 −107.91M USD. Operating income FY2024 −102.68M USD. Operating income FY2025 −82.11M USD. Net income FY2021 −101.32M USD. Net income FY2022 −108.88M USD. Net income FY2023 −98.43M USD. Net income FY2024 −86.62M USD. Net income FY2025 −74.28M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue30.91M USD22.6M USD34.16M USD19.23M USD1.32M USD
Cost of goods sold3.33M USD
Gross profit27.58M USD22.6M USD34.16M USD19.23M USD1.32M USD
Research and development85.47M USD94.53M USD109.69M USD105.62M USD80.33M USD
Selling, general, and administrative27.55M USD28.36M USD32.37M USD30.75M USD21.73M USD
Operating expenses109.68M USD125.29M USD142.06M USD136.37M USD102.05M USD
Interest income8.75M USD11.9M USD10.88M USD5.68M USD59K USD
Interest expense1.91M USD
Depreciation and amortization3.33M USD3.12M USD3.45M USD3.32M USD3.23M USD
Operating income−82.11M USD−102.68M USD−107.91M USD−117.14M USD−100.73M USD
Net income−74.28M USD−86.62M USD−98.43M USD−108.88M USD−101.32M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 3 misses, 1 met estimate
Average EPS surprise
+15.02%
11 comparable reports
Latest EPS result
-0.1
Estimate -0.25 · Beat by 59.18%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.09-0.21-0.34-0.47Q1 '25BeatQ2 '25MetQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 6, 2025: actual -0.3, estimate -0.43, surprise +30.23%, Beat. Q2 2025, reported May 14, 2025: actual -0.3, estimate -0.3, surprise 0.00%, Met estimate. Q3 2025, reported Aug 5, 2025: actual -0.28, estimate -0.31, surprise +9.68%, Beat. Q4 2025, reported Nov 5, 2025: actual -0.25, estimate -0.31, surprise +19.35%, Beat. Q1 2026, reported Mar 11, 2026: actual -0.34, estimate -0.28, surprise -21.43%, Miss. Q2 2026, reported May 7, 2026: actual -0.29, estimate -0.28, surprise -3.57%, Miss. Q3 2026, reported Aug 6, 2026: actual -0.1, estimate -0.245, surprise +59.18%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate -0.23, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates17.16M12.25M7.34M2.43MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 6, 2025: actual 2.86M USD, estimate 8.67M USD, surprise -67.06%, Miss. Q2 2025, reported May 14, 2025: actual 5.95M USD, estimate 6.24M USD, surprise -4.61%, Miss. Q3 2025, reported Aug 5, 2025: actual 7.56M USD, estimate 8.17M USD, surprise -7.54%, Miss. Q4 2025, reported Nov 5, 2025: actual 8.15M USD, estimate 9.5M USD, surprise -14.18%, Miss. Q1 2026, reported Mar 11, 2026: actual 9.25M USD, estimate 10.15M USD, surprise -8.91%, Miss. Q2 2026, reported May 7, 2026: actual 3.27M USD, estimate 7.94M USD, surprise -58.86%, Miss. Q3 2026, reported Aug 6, 2026: actual 16.1M USD, estimate 6.81M USD, surprise +136.58%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 7.1M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$13.86

103.67% upside
Past 12 months12-month forecastHigh $20.00Average $13.86Low $9.00

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