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Fate Therapeutics First Quarter 2025 Earnings: Beats Expectations
Thu 15 May 25, 10:13 AMRobert Bruce's Strategic Moves: CMS Energy Corp Sees a -1.29% Portfolio Impact
Wed 14 May 25, 09:01 PMFate Therapeutics' Q1 Earnings & Revenues Beat, Pipeline in Focus
Wed 14 May 25, 03:41 PMFate Therapeutics (FATE) Reports Q1 Loss, Tops Revenue Estimates
Tue 13 May 25, 09:15 PMFate Therapeutics Reports First Quarter 2025 Financial Results and Business Updates
Tue 13 May 25, 08:01 PMWe're Keeping An Eye On Fate Therapeutics' (NASDAQ:FATE) Cash Burn Rate
Tue 04 Feb 25, 01:25 PM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -281.72100M | -212.15100M | -173.38700M | -98.14900M | -66.59800M |
| Minority interest | - | - | - | - | - |
| Net income | -255.05600M | -206.30100M | -170.30000M | -97.70800M | -66.59800M |
| Selling general administrative | 84.23M | 57.32M | 33.90M | 23.64M | 15.81M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 96.30M | 55.85M | 31.43M | 10.68M | 4.74M |
| Reconciled depreciation | 13.76M | 5.85M | 3.09M | 2.19M | 1.20M |
| Ebit | -322.14400M | -216.99400M | -128.08500M | -100.72700M | -66.10600M |
| Ebitda | -308.38600M | -215.68500M | -125.68500M | -96.39700M | -64.90200M |
| Depreciation and amortization | 13.76M | 1.31M | 2.40M | 4.33M | 1.20M |
| Non operating income net other | - | 4.84M | -45.30200M | 2.58M | 0.49M |
| Operating income | -308.38600M | -216.99400M | -128.08500M | -100.72700M | -67.09200M |
| Other operating expenses | 404.69M | 272.84M | 159.52M | 111.41M | 71.83M |
| Interest expense | 5.84M | 4.54M | 2.40M | 1.75M | 1.70M |
| Tax provision | - | - | - | - | - |
| Interest income | 5.84M | 1.31M | 2.40M | 4.33M | 2.19M |
| Net interest income | 5.84M | 1.31M | 2.40M | 2.58M | 0.49M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | -26.66500M | -5.85000M | -3.08700M | -0.44100M | 2.19M |
| Total revenue | 96.30M | 55.85M | 31.43M | 10.68M | 4.74M |
| Total operating expenses | 404.69M | 272.84M | 159.52M | 111.41M | 71.83M |
| Cost of revenue | - | - | - | 87.77M | 56.02M |
| Total other income expense net | 26.66M | 4.84M | -45.30200M | 2.58M | 0.49M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | -281.72100M | -212.15100M | -173.38700M | -98.14900M | -66.59800M |
| Net income applicable to common shares | -281.72100M | -212.15100M | -173.38700M | -98.14900M | -66.59800M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 506.22M | 705.56M | 921.46M | 622.46M | 302.27M |
| Intangible assets | - | - | - | - | - |
| Earning assets | - | - | - | - | - |
| Other current assets | 13.64M | 27.37M | 8.83M | 5.89M | 4.32M |
| Total liab | 137.80M | 221.62M | 242.62M | 238.01M | 57.52M |
| Total stockholder equity | 368.42M | 483.94M | 678.84M | 384.44M | 244.76M |
| Deferred long term liab | - | 7.20M | 9.87M | 13.51M | 1.34M |
| Other current liab | 27.51M | 57.93M | 45.61M | 54.78M | 17.50M |
| Common stock | 0.10M | 0.10M | 0.10M | 0.09M | 0.08M |
| Capital stock | 0.10M | 0.10M | 0.10M | 0.09M | 0.08M |
| Retained earnings | -1211.73200M | -1050.80400M | -769.08300M | -556.93200M | -383.54500M |
| Other liab | - | 3.86M | 52.09M | 58.51M | 4.48M |
| Good will | - | - | - | - | - |
| Other assets | 0.00000M | 22.46M | 25.13M | 95.83M | 1.57M |
| Cash | 41.87M | 61.33M | 133.58M | 167.35M | 99.81M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 39.09M | 114.05M | 81.28M | 85.56M | 27.81M |
| Current deferred revenue | 0.69M | 42.23M | 21.48M | 21.14M | 2.79M |
| Net debt | 61.67M | 48.01M | -18.76500M | -70.04900M | -72.88700M |
| Short term debt | 6.18M | 5.63M | 5.58M | 3.35M | 1.69M |
| Short long term debt | - | - | - | - | - |
| Short long term debt total | 103.54M | 109.34M | 114.82M | 97.30M | 26.93M |
| Other stockholder equity | 1580.03M | 1536.50M | 1448.58M | 941.22M | 628.20M |
| Property plant equipment | - | 176.09M | 162.25M | 32.31M | 11.42M |
| Total current assets | 331.54M | 502.07M | 633.41M | 494.32M | 227.09M |
| Long term investments | 0.98M | 4.94M | 100.66M | 0.00000M | 39.44M |
| Net tangible assets | - | 483.94M | 678.84M | 536.89M | 274.46M |
| Short term investments | 273.31M | 374.89M | 482.33M | 315.57M | 121.61M |
| Net receivables | 2.73M | 38.48M | 8.68M | 5.51M | 1.34M |
| Long term debt | - | - | - | - | - |
| Inventory | - | - | - | - | - |
| Accounts payable | 4.72M | 8.27M | 8.61M | 6.28M | 5.82M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | 0.01M | -1.85400M | -0.76200M | 0.07M | 0.02M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | 0.10M | 0.09M | 0.08M |
| Preferred stock total equity | - | - | 0.00300M | 0.00300M | 0.00300M |
| Retained earnings total equity | - | - | -769.08300M | -556.93200M | -383.54500M |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 0.00900M | 132.48M | 116.66M | 61.05M | 12.99M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 174.68M | 203.49M | 288.04M | 128.13M | 75.19M |
| Capital lease obligations | 103.54M | 109.34M | 114.82M | 97.30M | 26.93M |
| Long term debt total | - | - | - | - | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 166.75M | -273.31900M | -156.14400M | -150.05800M | 1.84M |
| Change to liabilities | 14.25M | 5.91M | -1.55400M | 4.28M | 4.25M |
| Total cashflows from investing activities | 166.75M | -324.02300M | -161.07600M | -157.45300M | -0.46300M |
| Net borrowings | - | - | - | -15.00000M | -15.00000M |
| Total cash from financing activities | 9.21M | 453.13M | 282.84M | 149.93M | 140.78M |
| Change to operating activities | -19.15800M | -0.64900M | -5.70400M | -1.13700M | -2.01000M |
| Net income | -281.72100M | -212.15100M | -173.38700M | -98.14900M | -66.59800M |
| Change in cash | -72.25000M | -33.76400M | 82.53M | -90.70000M | 101.67M |
| Begin period cash flow | 148.81M | 182.57M | 100.04M | 190.74M | 89.07M |
| End period cash flow | 76.56M | 148.81M | 182.57M | 100.04M | 190.74M |
| Total cash from operating activities | -248.20800M | -162.87000M | -39.22900M | -83.17500M | -38.65000M |
| Issuance of capital stock | 0.00000M | 411.74M | 272.69M | 162.41M | 134.58M |
| Depreciation | 13.76M | 5.85M | 3.09M | 2.19M | 1.20M |
| Other cashflows from investing activities | - | - | - | -150.05800M | 1.84M |
| Dividends paid | - | - | - | -2.52200M | - |
| Change to inventory | - | -5.90700M | 1.55M | -4.27700M | -4.25400M |
| Change to account receivables | -29.80400M | -3.16000M | -5.51500M | 0.50M | -0.50000M |
| Sale purchase of stock | - | 432.45M | 248.41M | 2.52M | 2.69M |
| Other cashflows from financing activities | 166.75M | 41.39M | 10.14M | 2.52M | 3.51M |
| Change to netincome | 51.79M | 37.34M | 30.75M | 17.41M | 6.86M |
| Capital expenditures | 35.57M | 50.70M | 4.93M | 7.39M | 2.30M |
| Change receivables | - | -3.16000M | -5.51500M | 0.50M | -0.50000M |
| Cash flows other operating | - | -18.74700M | 105.71M | -9.04300M | 16.39M |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | -33.76400M | 82.53M | -90.70000M | 101.67M |
| Change in working capital | -34.71000M | 2.10M | -12.77300M | 3.64M | 1.74M |
| Stock based compensation | 78.73M | 54.36M | 30.75M | 17.41M | 6.29M |
| Other non cash items | -24.26800M | -18.09800M | 111.42M | -7.79100M | 19.04M |
| Free cash flow | -283.77400M | -213.57400M | -44.16100M | -90.57000M | -40.95300M |
Sector: Healthcare Industry: Biotechnology
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FATE Fate Therapeutics Inc |
-0.06 4.88% | 1.17 | - | - | 10.33 | 1.78 | 7.02 | -2.5897 |
| NVO Novo Nordisk A/S |
-0.81 2.09% | 38.02 | 41.58 | 31.15 | 2.13 | 32.99 | 2.11 | 4.70 |
| NONOF Novo Nordisk A/S |
0.005 0.01% | 38.70 | 41.06 | 31.25 | 2.08 | 33.11 | 2.11 | 4.70 |
| VRTX Vertex Pharmaceuticals Inc |
-14.25 2.89% | 478.13 | 29.67 | 24.33 | 10.38 | 5.83 | 9.33 | 20.00 |
| REGN Regeneron Pharmaceuticals Inc |
-28.05 3.62% | 746.61 | 29.07 | 20.12 | 7.57 | 3.82 | 6.95 | 19.42 |
Fate Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops programmed cellular immunotherapies for cancer and immune disorders worldwide. The company's chimeric antigen receptor (CAR)-targeted NK and T-cell product candidates include FT576 to treat multiple myeloma, and FT522, to treat lymphoma and autoimmune disorders. Its CAR T-cell programs include FT819 to treat hematologic malignancies and solid tumors, and FT825 to treat solid tumors. The company has a collaboration and option agreement with Ono Pharmaceutical Co. Ltd. for the development and commercialization of off-the-shelf, iPSC-derived CAR T-cell product candidates for the treatment of cancer. Fate Therapeutics, Inc. was incorporated in 2007 and is headquartered in San Diego, California.
12278 Scripps Summit Drive, San Diego, CA, United States, 92131
| Name | Title | Year Born |
|---|---|---|
| Mr. J. Scott Wolchko | Founder, CEO, Pres & Director | 1970 |
| Mr. Edward J. Dulac III | Chief Financial Officer | 1976 |
| Dr. Mark Plavsic D.V.M., Ph.D. | Chief Technical Officer | 1961 |
| Ms. Cindy R. Tahl | Gen. Counsel & Corp. Sec. | 1973 |
| Dr. Bahram Valamehr Ph.D. | Chief R&D Officer | 1977 |
| Dr. Yu-Waye Chu M.D. | Chief Medical Officer | NA |
| Mr. Jim Beitel M.B.A. | Sr. VP of Corp. Devel. | NA |
| Dr. Sarah Cooley | Sr. VP of Clinical Translation | NA |
| Dr. Jerome Bressi Ph.D. | Sr. VP of Regulatory Affairs & Quality | NA |
| Mr. Brian T. Powl M.B.A., M.S. | Chief Commercial Officer | NA |
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