
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
Market Cap
$548.69M
P/E (TTM)
-8.9
38.2
Dividend Yield
--
52W High
$15.74
52W Low
$2.32
52W Range
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
Q3 2025 Data
Revenue
$0.00+0.00%
4-Quarter Trend
EPS
-$0.31-11.43%
4-Quarter Trend
FCF
-$14.28M-25.20%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Month Net Loss Widens Net loss reached $54.5M for nine months 2025, down from $6.8M income in 2024, due to $80.0M collaboration revenue loss.
Strong Cash Runway Maintained Cash and marketable securities totaled $200.6M as of September 30, 2025, funding operations expected into 2028.
Pociredir Clinical Data Positive Phase 1b pociredir trial showed 8.6% mean absolute fetal hemoglobin increase at 12 weeks; safety profile well-tolerated.
R&D Spending Decreases Total R&D expenses fell $11.0M for nine months 2025 to $40.7M, driven by losmapimod program suspension.
Risk Factors
Substantial Future Funding Required Accumulated deficit is $573.9M; inability to raise capital may force delay, reduction, or termination of development programs.
Early Stage Pipeline Concentration Only one active clinical candidate, pociredir; failure to commercialize will materially harm the entire business operations.
Intellectual Property Protection Uncertain Success depends on maintaining patent protection; challenges or litigation could impair ability to commercialize technology.
Collaboration Revenue Terminated Collaboration revenue decreased $80.0M due to the now terminated Sanofi agreement, impacting near-term financial stability.
Outlook
Pociredir Data Expected 2025 Expect clinical data from the 20 mg dose cohort of pociredir by the end of 2025; initiating open label extension trial.
Advance Bone Marrow Pipeline Plan to submit IND for bone marrow failure syndrome candidates in Q4 2025, advancing discovery programs.
R&D Expenses Expected Increase Expect R&D expenses to increase as pociredir advances into later stages of clinical development requiring higher costs.
Maintain Capital Resources Current cash supports operations into 2028, but substantial additional financing needed to fund growth strategy execution.
Peer Comparison
Revenue (TTM)
$75.27M
ADCT$75.21M
ALMS$25.16M
Gross Margin (Latest Quarter)
ALMS100.0%
OCGN100.0%
93.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| ALMS | $2.49B | -10.1 | -75.5% | 7.7% |
| FULC | $548.69M | -8.9 | -32.2% | 3.3% |
| OCGN | $527.82M | -8.0 | -491.2% | 57.2% |
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
Research & Insights
Next earnings:Feb 24, 2026
EPS:-$0.32
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 29, 2025|Revenue: $0.00+0.0%|EPS: $-0.31-11.4%N/AForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 29, 2025|Revenue: $0.00-100.0%|EPS: $-0.28-131.5%N/AForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 1, 2025|Revenue: $0.00+0.0%|EPS: $-0.28-34.9%N/AForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 25, 2025|Revenue: $80.00M+2752.0%|EPS: $-0.16+89.9%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 13, 2024|Revenue: $0.00-100.0%|EPS: $-0.35-10.3%N/AForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 31, 2024|Revenue: $80.00M+8990.9%|EPS: $0.89-334.2%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 13, 2024|Revenue: $0.00-100.0%|EPS: $-0.43+19.4%N/AForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 27, 2024|Revenue: $2.81M-55.8%|EPS: $-1.59+32.3%Miss