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Fulcrum Therapeutics, Inc.

NASDAQ•FULC
CEO: Mr. Alexander C. Sapir
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2019-07-18
Fulcrum Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on developing products for improving the lives of patients with genetically defined diseases in the areas of high unmet medical need in the United States. Its product candidates are losmapimod, a small molecule for the treatment of facioscapulohumeral muscular dystrophy is under phase III clinical trial; and pociredir, a fetal hemoglobin inducer for the treatment of sickle cell disease and beta-thalassemia is under phase I clinical trial. The company is also discovering drug targets for the treatments of rare neuromuscular, muscular, central nervous system, and hematologic disorders, as well as cardiomyopathies and pulmonary diseases. It has collaboration and license agreement with Acceleron Pharma Inc. to identify biological targets to modulate specific pathways associated with a targeted indication within the pulmonary disease space; MyoKardia, Inc. to discover and develop therapies for the treatment of genetic cardiomyopathies; and Sanofi for the development and commercialization of losmapimod, an oral small molecule being investigated for the treatment of facioscapulohumeral muscular dystrophy. Fulcrum Therapeutics, Inc. was Incorporated in 2015 and is headquartered in Cambridge, Massachusetts.
Contact Information
26 Landsdowne Street, Cambridge, MA, 02139, United States
617-651-8851
www.fulcrumtx.com
Market Cap
$402.59M
P/E (TTM)
-6.3
17.5
Dividend Yield
--
52W High
$15.74
52W Low
$2.32
52W Range
38%
Rank57Top 83.3%
2.4
F-Score
Modified Piotroski Analysis
Based on 8-year fundamentals
Weak • 2.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2025

Financial Dashboard

Q4 2025 Data

Revenue

$0.00+0.00%
4-Quarter Trend

EPS

-$0.31+0.00%
4-Quarter Trend

FCF

-$16.96M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

HbF Induction Data Mean absolute HbF increased 12.2% at 12 weeks, baseline 7.1% to 19.3%, with 58% of patients achieving ≥20% levels.
Strong Cash Position Cash, cash equivalents, and marketable securities totaled 352.3M USD as of December 31, 2025, supporting operations into 2029.
Clinical Trial Progress Completed PIONEER trial dosing; 58% of patients reported zero VOCs during 12-week treatment period, demonstrating clinically relevant HbF induction.

Risk Factors

Significant Operating Losses Net loss 74.9M USD for 2025, 9.7M USD for 2024; accumulated deficit reached 594.3M USD, impacting long-term financial sustainability.
Clinical Development Uncertainty Only one clinical-stage candidate, pociredir; failure to complete development or achieve regulatory approval would materially harm business and revenue prospects.
Regulatory Hold Risks Previous clinical hold due to hematological malignancy findings in toxicology studies; future safety concerns could halt trials or limit commercial potential.
Intense Market Competition Face competition from major pharmaceutical companies with greater resources; failure to achieve market acceptance for pociredir would severely impact growth.

Outlook

Registration-Enabling Trial Plan to initiate potential registration-enabling trial for pociredir in second half of 2026, pending FDA feedback from End-of-Phase meeting.
Regulatory Engagement Strategy Engage with FDA and EMA in 2026 to obtain protocol assistance and feedback on design of next clinical trial for pociredir.
Pipeline Expansion Focus Continue discovery efforts to identify and validate cellular drug targets, focusing on hematology diseases and potential in-licensing or acquisition opportunities.

Peer Comparison

Revenue (TTM)

ADCT stock ticker logoADCT
$81.36M
+14.9%
CLLS stock ticker logoCLLS
$75.27M
+158.9%
LXRX stock ticker logoLXRX
$49.80M
+60.2%

Gross Margin (Latest Quarter)

ALMS stock ticker logoALMS
100.0%
+0.0pp
OCGN stock ticker logoOCGN
100.0%
+0.0pp
BCYC stock ticker logoBCYC
100.0%
+1705.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ALMS$2.74B-11.1-75.5%7.7%
RAPT$959.26M-14.8-61.8%1.6%
OMER$789.83M-6.157.3%103.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Deep Research

Next earnings:Apr 29, 2026
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News
Income Statement
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LTM
No Data