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FULC

Fulcrum Therapeutics, Inc.

Company overview

Market capitalization
$283.83M
Employees
55
Latest publication
2026-09-29
About Fulcrum Therapeutics, Inc.

Fulcrum Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops small molecules to improve the lives of patients with genetically defined diseases in the areas of high unmet medical need in the United States. Its clinical-stage product candidate is pociredir, a fetal hemoglobin inducer, which is in phase 1b clinical trial for the treatment of sickle cell disease and beta-thalassemia. The company also discovers programs for the treatment of diamond-blackfan anemia, Bone Marrow Failure Syndromes, novel fetal hemoglobin inducers, fibrotic disorders. It has licensce agreement with CAMP4 which includes certain small molecule compounds, composition of matter and method of use patent rights, and know-how to research, develop, manufacture, use, and commercialize. Fulcrum Therapeutics, Inc. was Incorporated in 2015 and is headquartered in Cambridge, Massachusetts.

Company website

Financial statements

Income Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
Total Revenue0USD0USD0USD0USD0USD0USD0USD80,000,000USD
Cost Of Revenue338,000USD-300,000USD14,296,000USD300,000USD13,404,000USD369,000USD14,639,000USD17,261,000USD
Gross Profit-338,000USD300,000USD-14,296,000USD-300,000USD-13,404,000USD-369,000USD-14,639,000USD62,739,000USD
Research Development14,084,000USD15,416,000USD14,296,000USD12,987,000USD13,404,000USD11,344,000USD14,639,000USD17,261,000USD
Selling General Administrative8,102,000USD7,277,000USD7,302,000USD6,828,000USD6,691,000USD7,716,000USD8,138,999USD9,976,000USD
Total Operating Expenses21,848,000USD22,993,000USD7,562,000USD19,515,000USD6,999,000USD19,060,000USD10,487,000USD10,247,000USD
Operating Income-22,186,000USD-22,693,000USD-21,858,000USD-19,815,000USD-20,403,000USD-19,429,000USD-25,126,000USD52,492,000USD
Income Before Tax-18,891,000USD-20,334,000USD-19,595,000USD-17,296,000USD-17,655,000USD-16,568,000USD-21,696,000USD55,409,000USD
Net Income-18,891,000USD-20,334,000USD-19,595,000USD-17,296,000USD-17,655,000USD-16,568,000USD-21,696,000USD55,409,000USD
Net Income From Continuing Ops-18,891,000USD-20,334,000USD-19,595,000USD-17,296,000USD-17,655,000USD-16,568,000USD-21,696,000USD55,409,000USD
Ebit-18,891,000USD-20,334,000USD-19,595,000USD-17,296,000USD-17,655,000USD-16,568,000USD-23,063,000USD55,409,000USD
Ebitda-18,553,000USD-19,987,000USD-19,249,000USD-16,952,000USD-17,302,000USD-16,199,000USD-22,694,000USD55,785,000USD
Depreciation And Amortization338,000USD347,000USD346,000USD344,000USD353,000USD369,000USD369,000USD376,000USD
Reconciled Depreciation338,000USD347,000USD346,000USD344,000USD353,000USD369,000USD369,000USD376,000USD
Total Other Income Expense Net3,295,000USD2,359,000USD2,263,000USD2,519,000USD2,748,000USD2,860,999USD3,430,000USD2,917,000USD
Unclassified Operating Expenses——-14,036,000USD—-13,096,000USD—-12,290,999USD-16,990,000USD
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Income Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USDFY 20172017-12-31 · USD
Total Revenue0USD19,163,000USD8,823,000USD750,000USD0USD0USD
Cost Of Revenue1,390,000USD2,515,000USD2,379,000USD2,053,000USD1,345,000USD715,000USD
Gross Profit-1,390,000USD19,163,000USD8,823,000USD-2,053,000USD-1,345,000USD-715,000USD
Research Development56,103,000USD69,701,000USD59,042,000USD71,072,000USD25,184,000USD18,494,000USD
Selling General Administrative28,666,000USD30,516,000USD21,392,000USD13,145,000USD8,314,000USD4,499,000USD
Unclassified Operating Expenses-1,390,000USD—————
Total Operating Expenses83,379,000USD100,217,000USD80,434,000USD84,217,000USD33,498,000USD22,993,000USD
Operating Income-84,769,000USD-81,054,000USD-71,611,000USD-84,217,000USD-33,498,000USD-22,993,000USD
Income Before Tax-74,880,000USD-80,847,000USD-70,819,000USD-82,677,000USD-32,588,000USD-22,964,000USD
Net Income-74,880,000USD-78,332,000USD-68,440,000USD-79,113,000USD-32,588,000USD-22,964,000USD
Net Income From Continuing Ops-74,880,000USD-80,847,000USD-70,819,000USD-82,677,000USD-32,588,000USD-22,964,000USD
Ebit-74,880,000USD-81,054,000USD-71,611,000USD-84,217,000USD-33,498,000USD-22,993,000USD
Ebitda-73,490,000USD-78,539,000USD-69,232,000USD-82,164,000USD-32,153,000USD-22,278,000USD
Depreciation And Amortization1,390,000USD2,515,000USD2,379,000USD2,053,000USD1,345,000USD715,000USD
Reconciled Depreciation1,390,000USD2,515,000USD2,379,000USD2,053,000USD1,345,000USD715,000USD
Total Other Income Expense Net9,889,000USD207,000USD792,000USD1,540,000USD910,000USD29,000USD
Interest Expense—2,722,000USD0USD0USD0USD0USD
Income Tax Expense—-2,515,000USD-2,379,000USD-3,564,000USD910,000USD-1,000USD
Net Income Applicable To Common Shares—-80,847,000USD-70,819,000USD-89,805,000USD-39,147,000USD-25,371,000USD
Interest Income———1,511,000USD518,000USD1,000USD
Net Interest Income———1,511,000USD518,000USD1,000USD
Non Operating Income Net Other————0USD0USD
Minority Interest————0USD0USD
Discontinued Operations————0USD0USD
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Balance sheet Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Total Assets323,952,000USD346,770,000USD366,284,000USD214,858,000USD228,838,000USD242,649,000USD260,718,000USD279,008,000USD
Cash And Equivalents48,466,000USD———————
Total Current Assets322,851,000USD338,669,000USD357,480,000USD205,863,000USD219,373,000USD232,556,000USD249,923,000USD267,489,000USD
Other Current Assets4,011,000USD3,577,000USD5,174,000USD5,218,000USD3,928,000USD3,412,000USD5,560,000USD6,599,000USD
Other Non Current Assets9,000USD———————
Total Liabilities13,255,000USD———————
Total Current Liabilities10,298,000USD9,864,000USD13,048,000USD11,632,000USD8,985,000USD8,100,000USD11,044,000USD14,509,000USD
Other Non Current Liabilities197,000USD———————
Total Stockholder Equity310,697,000USD333,303,000USD349,000,000USD198,366,000USD214,378,000USD228,486,000USD243,034,000USD257,291,000USD
Total Equity Including Noncontrolling Interest310,697,000USD———————
Property Plant Equipment Net0USD6,354,000USD7,065,000USD7,785,000USD8,248,000USD8,882,000USD9,584,000USD10,242,000USD
Accounts Payable3,425,000USD2,450,000USD1,592,000USD2,856,000USD1,751,000USD1,507,000USD1,164,000USD4,041,000USD
Short Term Debt2,518,000USD2,461,000USD2,404,000USD2,348,000USD2,293,000USD2,239,000USD2,186,000USD2,134,000USD
Common Stock76,000USD67,000USD67,000USD54,000USD54,000USD54,000USD54,000USD54,000USD
Retained Earnings-639,348,000USD-613,169,000USD-594,278,000USD-573,944,000USD-554,349,000USD-537,053,000USD-519,398,000USD-502,830,000USD
Accumulated Other Comprehensive Income-567,000USD-513,000USD174,000USD241,000USD82,000USD70,000USD130,000USD379,000USD
Total Liab—13,467,000USD17,284,000USD16,492,000USD14,460,000USD14,163,000USD17,684,000USD21,717,000USD
Other Current Liab—4,953,000USD9,052,000USD6,428,000USD4,941,000USD4,354,000USD7,694,000USD8,334,000USD
Capital Stock—67,000USD67,000USD54,000USD54,000USD54,000USD54,000USD54,000USD
Cash—50,261,000USD197,533,000USD47,078,000USD42,588,000USD42,178,000USD58,212,000USD72,630,000USD
Cash And Short Term Investments—333,316,000USD352,306,000USD200,645,000USD214,111,000USD226,603,000USD241,021,000USD257,234,000USD
Net Debt—-44,394,000USD-191,090,000USD-40,067,000USD-35,017,000USD-34,073,000USD-49,583,000USD-63,485,000USD
Short Long Term Debt Total—5,867,000USD6,443,000USD7,011,000USD7,571,000USD8,105,000USD8,629,000USD9,145,000USD
Short Term Investments—283,055,000USD154,773,000USD153,567,000USD171,523,000USD184,425,000USD182,809,000USD184,604,000USD
Net Receivables—1,776,000USD1,070,000USD934,000USD1,334,000USD2,541,000USD3,342,000USD3,656,000USD
Property Plant Equipment Gross—21,579,000USD22,712,000USD23,085,000USD23,201,000USD23,492,000USD23,841,000USD24,130,000USD
Common Stock Shares Outstanding—76,215,000shares63,355,000shares62,597,000shares62,544,000shares62,479,000shares53,954,000shares62,409,000shares
Non Current Assets Total—8,101,000USD8,804,000USD8,995,000USD9,465,000USD10,093,000USD10,795,000USD11,519,000USD
Non Current Liabilities Total—3,603,000USD4,236,000USD4,860,000USD5,475,000USD6,063,000USD6,640,000USD7,208,000USD
Non Current Liabilities Other—197,000USD197,000USD197,000USD197,000USD197,000USD197,000USD197,000USD
Non Currrent Assets Other—1,747,000USD1,739,000USD1,210,000USD1,217,000USD1,211,000USD1,211,000USD1,277,000USD
Net Working Capital—328,805,000USD344,432,000USD194,231,000USD210,388,000USD224,456,000USD238,879,000USD252,980,000USD
Unclassified Non Current Liabilities—3,406,000USD4,039,000USD4,663,000USD5,278,000USD5,866,000USD6,443,000USD7,011,000USD
Unclassified Equity—946,851,000USD942,970,000USD771,961,000USD768,537,000USD765,361,000USD762,194,000USD759,634,000USD
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Balance sheet Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
Total Assets366,284,000USD260,718,000USD257,694,000USD226,685,000USD235,000,000USD129,577,000USD110,439,000USD85,771,000USD
Other Current Assets5,174,000USD5,560,000USD3,729,000USD3,517,000USD4,199,000USD74,000USD284,000USD797,000USD
Total Liab17,284,000USD17,684,000USD22,501,000USD27,743,000USD23,461,000USD34,396,000USD23,286,000USD9,771,000USD
Total Stockholder Equity349,000,000USD243,034,000USD235,193,000USD198,942,000USD211,539,000USD95,181,000USD87,153,000USD76,000,000USD
Other Current Liab9,052,000USD7,694,000USD8,726,000USD9,551,000USD74,000USD7,719,000USD5,915,000USD2,920,000USD
Common Stock67,000USD54,000USD62,000USD52,000USD41,000USD28,000USD23,000USD16,000USD
Capital Stock67,000USD54,000USD62,000USD52,000USD41,000USD28,000USD23,000USD16,000USD
Retained Earnings-594,278,000USD-519,398,000USD-509,673,000USD-412,338,000USD-302,467,000USD-221,620,000USD-150,801,000USD-68,124,000USD
Cash197,533,000USD58,212,000USD25,563,000USD35,098,000USD35,412,000USD57,052,000USD96,713,000USD72,797,000USD
Cash And Short Term Investments352,306,000USD241,021,000USD236,221,000USD202,921,000USD218,162,000USD112,914,000USD96,713,000USD72,797,000USD
Total Current Assets357,480,000USD249,923,000USD242,199,000USD207,519,000USD225,998,000USD112,914,000USD100,083,000USD74,095,000USD
Total Current Liabilities13,048,000USD11,044,000USD13,675,000USD16,725,000USD19,199,000USD26,725,000USD12,140,000USD4,229,000USD
Net Debt-191,090,000USD-49,583,000USD-14,742,000USD-21,675,000USD-35,412,000USD-57,035,000USD-96,663,000USD-72,751,000USD
Short Term Debt2,404,000USD2,186,000USD2,192,000USD2,602,000USD9,626,000USD17,000USD50,000USD46,000USD
Short Long Term Debt Total6,443,000USD8,629,000USD10,821,000USD13,423,000USD469,000USD17,000USD50,000USD46,000USD
Short Term Investments154,773,000USD182,809,000USD210,658,000USD167,823,000USD182,750,000USD55,862,000USD—0USD
Net Receivables1,070,000USD3,342,000USD2,249,000USD1,081,000USD4,110,000USD2,707,000USD111,000USD501,000USD
Accounts Payable1,592,000USD1,164,000USD2,757,000USD3,638,000USD4,788,000USD4,079,000USD2,186,000USD1,263,000USD
Property Plant Equipment Net7,065,000USD9,584,000USD12,392,000USD15,969,000USD7,368,000USD8,397,000USD87,943,000USD10,546,000USD
Property Plant Equipment Gross22,712,000USD23,841,000USD25,152,000USD6,906,000USD7,368,000USD8,397,000USD9,205,000USD10,546,000USD
Accumulated Other Comprehensive Income174,000USD130,000USD-136,000USD-797,000USD-397,000USD-2,000USD-110,439,000USD-1,958,000USD
Common Stock Shares Outstanding63,355,000shares61,984,000shares61,310,000shares44,991,000shares35,361,000shares25,354,000shares22,664,500shares16,940,000shares
Non Current Assets Total8,804,000USD10,795,000USD15,495,000USD19,165,999USD9,002,000USD16,663,000USD10,356,000USD11,676,000USD
Non Current Liabilities Total4,236,000USD6,640,000USD8,826,000USD11,017,999USD4,262,000USD7,671,000USD11,146,000USD5,542,000USD
Non Current Liabilities Other197,000USD197,000USD197,000USD197,000USD—3,051,000USD55,000USD150,000USD
Non Currrent Assets Other1,739,000USD1,211,000USD3,103,000USD2,104,999USD542,000USD7,174,000USD-78,679,000USD38,000USD
Net Working Capital344,432,000USD238,879,000USD228,524,000USD190,794,000USD206,799,000USD92,785,000USD87,943,000USD69,866,000USD
Unclassified Non Current Liabilities4,039,000USD6,443,000USD8,629,000USD6,003,999USD—-7,671,000USD——
Unclassified Equity942,970,000USD762,194,000USD744,878,000USD611,973,000USD514,321,000USD316,747,000USD348,347,000USD146,050,000USD
Current Deferred Revenue——1,426,000USD934,000USD4,711,000USD14,910,000USD3,989,000USD2,800,000USD
Unclassified Current Liabilities——-1,426,000USD————-2,800,000USD
Deferred Long Term Liab———4,620,000USD—4,620,000USD—0USD
Other Liab———197,000USD4,262,000USD7,671,000USD11,146,000USD5,542,000USD
Other Assets———3,197,000USD1,634,000USD1,670,000USD1,151,000USD1,130,000USD
Inventory———-473,000USD-473,000USD-2,781,000USD2,975,000USD559,000USD
Net Tangible Assets———198,942,000USD211,539,000USD95,181,000USD87,153,000USD-63,670,000USD
Unclassified Non Current Assets———-2,105,000USD——-78,738,000USD—
Unclassified Current Assets—————-2,781,000USD——
Intangible Assets———————0USD
Good Will———————0USD
Short Long Term Debt———————0USD
Long Term Debt———————0USD
Long Term Investments———————0USD
Accumulated Depreciation———————0USD
Additional Paid In Capital———————0USD
Treasury Stock———————0USD
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Cash flow Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
Net Income-18,891,000USD-20,334,000USD-19,595,000USD-17,296,000USD-17,655,000USD-16,568,000USD-21,696,000USD55,409,000USD
Depreciation338,000USD347,000USD346,000USD344,000USD353,000USD369,000USD400,000USD400,000USD
Stock Based Compensation3,860,000USD3,066,000USD3,360,000USD2,875,000USD3,167,000USD2,477,000USD3,817,000USD4,344,000USD
Other Non Cash Items-767,000USD-383,000USD-586,000USD-1,085,000USD-899,000USD-945,000USD2,634,000USD3,186,000USD
Change In Working Capital-3,290,000USD506,000USD2,285,000USD1,342,000USD-223,000USD-2,094,000USD-410,000USD-96,000USD
Total Cash From Operating Activities-18,750,000USD-16,798,000USD-14,190,000USD-13,820,000USD-15,257,000USD-16,761,000USD-19,072,000USD58,899,000USD
Capital Expenditures-8,000USD-159,000USD-90,000USD-65,000USD0USD-231,000USD-19,000USD0USD
Free Cash Flow-18,758,000USD-16,957,000USD-14,280,000USD-13,885,000USD-15,257,000USD-16,992,000USD-19,091,000USD58,899,000USD
Investments-128,202,000USD-890,000USD18,612,000USD13,933,000USD-777,000USD2,260,000USD4,350,000USD-12,508,000USD
Total Cashflows From Investing Activities-128,210,000USD-1,049,000USD18,612,000USD13,933,000USD-777,000USD2,260,000USD4,350,000USD-12,508,000USD
Total Cash From Financing Activities-312,000USD168,302,000USD64,000USD301,000USD0USD83,000USD635,000USD377,000USD
Change In Cash-147,272,000USD150,455,000USD4,486,000USD414,000USD-16,034,000USD-14,418,000USD-14,072,000USD46,753,000USD
Begin Period Cash Flow198,734,000USD48,279,000USD43,793,000USD43,379,000USD59,413,000USD73,831,000USD86,702,000USD39,949,000USD
End Period Cash Flow51,462,000USD198,734,000USD48,279,000USD43,793,000USD43,379,000USD59,413,000USD72,630,000USD86,702,000USD
Other Cashflows From Financing Activities-333,000USD—64,000USD——83,000USD635,000USD377,000USD
Change To Account Receivables———979,000USD1,117,000USD1,560,000USD-1,323,000USD-2,333,000USD
Issuance Of Capital Stock—————0USD0USD0USD
Unclassified Operating Cash Flow——————-3,817,000USD-4,344,000USD
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Cash flow Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20182018-12-31 · USDFY 20172017-12-31 · USD
Net Income-74,880,000USD-9,725,000USD-97,335,000USD-109,872,000USD-32,588,000USD-22,964,000USD
Depreciation1,390,000USD1,593,000USD2,172,000USD2,414,000USD1,345,000USD715,000USD
Stock Based Compensation12,468,000USD14,554,000USD14,802,000USD13,350,000USD2,159,000USD1,371,000USD
Other Non Cash Items-2,953,000USD-4,392,000USD-5,991,000USD152,000USD4,869,000USD2,593,000USD
Change To Account Receivables2,096,000USD-1,559,000USD-308,000USD2,500,000USD-2,531,000USD-2,531,000USD
Change In Working Capital3,910,000USD-4,248,000USD-4,613,000USD-3,094,000USD6,522,000USD804,000USD
Total Cash From Operating Activities-60,065,000USD-2,218,000USD-90,965,000USD-97,050,000USD-22,562,000USD-20,074,000USD
Capital Expenditures-314,000USD-278,000USD-508,000USD-1,963,000USD-8,981,000USD-1,908,000USD
Free Cash Flow-60,379,000USD-2,496,000USD-91,473,000USD-99,013,000USD-31,543,000USD-21,982,000USD
Investments31,033,000USD32,230,000USD-91,408,000USD14,376,000USD-8,981,000USD-1,908,000USD
Total Cashflows From Investing Activities30,719,000USD32,230,000USD-36,692,000USD12,413,000USD-8,981,000USD-1,908,000USD
Total Cash From Financing Activities168,667,000USD2,746,000USD118,122,000USD84,323,000USD105,025,000USD17,662,000USD
Issuance Of Capital Stock164,500,000USD0USD117,296,000USD80,804,000USD105,095,000USD—
Change In Cash139,321,000USD32,758,000USD-9,535,000USD-314,000USD73,482,000USD-4,320,000USD
Begin Period Cash Flow59,413,000USD26,655,000USD36,190,000USD36,504,000USD407,000USD4,727,000USD
End Period Cash Flow198,734,000USD59,413,000USD26,655,000USD36,190,000USD73,889,000USD407,000USD
Unclassified Financing Cash Flow4,167,000USD——81,047,000USD-105,095,000USD-35,213,000USD
Other Cashflows From Financing Activities—2,746,000USD777,000USD3,519,000USD105,095,000USD35,283,000USD
Unclassified Investing Cash Flow——55,224,000USD-14,376,000USD8,981,000USD1,908,000USD
Change To Inventory———1,246,000USD0USD0USD
Change To Liabilities———-4,398,000USD-20,000USD208,000USD
Net Borrowings———-50,000USD-70,000USD-70,000USD
Sale Purchase Of Stock———-193,000USD105,095,000USD17,662,000USD
Cash And Cash Equivalents Changes———-314,000USD0USD0USD
Other Cashflows From Investing Activities———14,376,000USD0USD0USD
Dividends Paid————0USD0USD
Exchange Rate Changes————0USD0USD
Unclassified Operating Cash Flow————-4,869,000USD-2,593,000USD
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Operating metrics

No operating metrics are currently published for this company.

Revenue breakdown

No revenue breakdown is currently published for this company.

Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.