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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and Grindr Inc. (GRND). Click either name above to swap in a different company.
Grindr Inc. is the larger business by last-quarter revenue ($126.0M vs $85.1M, roughly 1.5× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs 16.1%, a 6.7% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 29.0%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $24.5M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 29.3%).
4D Molecular Therapeutics is a clinical-stage biotechnology company specializing in the research and development of targeted adeno-associated virus (AAV) gene therapies. Its core product candidates address unmet medical needs in ophthalmology, cardiology, and pulmonary disease segments, serving global patient populations with rare and common hard-to-treat conditions.
Grindr is a location-based social networking and online hookup application for LGBTQ people.
FDMT vs GRND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $85.1M | $126.0M |
| Net Profit | $19.4M | $20.3M |
| Gross Margin | — | — |
| Operating Margin | 17.3% | 24.9% |
| Net Margin | 22.8% | 16.1% |
| Revenue YoY | 8508900.0% | 29.0% |
| Net Profit YoY | 139.1% | 116.4% |
| EPS (diluted) | $0.43 | $0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $85.1M | $126.0M | ||
| Q3 25 | $90.0K | $115.8M | ||
| Q2 25 | $15.0K | $104.2M | ||
| Q1 25 | $14.0K | $93.9M | ||
| Q4 24 | $1.0K | $97.6M | ||
| Q3 24 | $3.0K | $89.3M | ||
| Q2 24 | $5.0K | $82.3M | ||
| Q1 24 | $28.0K | $75.3M |
| Q4 25 | $19.4M | $20.3M | ||
| Q3 25 | $-56.9M | $30.8M | ||
| Q2 25 | $-54.7M | $16.6M | ||
| Q1 25 | $-48.0M | $27.0M | ||
| Q4 24 | — | $-123.9M | ||
| Q3 24 | $-43.8M | $24.7M | ||
| Q2 24 | $-35.0M | $-22.4M | ||
| Q1 24 | $-32.4M | $-9.4M |
| Q4 25 | 17.3% | 24.9% | ||
| Q3 25 | -67983.3% | 39.1% | ||
| Q2 25 | -396373.3% | 23.4% | ||
| Q1 25 | -383007.1% | 27.0% | ||
| Q4 24 | — | 20.9% | ||
| Q3 24 | -1704400.0% | 31.8% | ||
| Q2 24 | -849120.0% | 29.8% | ||
| Q1 24 | -136200.0% | 25.6% |
| Q4 25 | 22.8% | 16.1% | ||
| Q3 25 | -63195.6% | 26.6% | ||
| Q2 25 | -364386.7% | 16.0% | ||
| Q1 25 | -342657.1% | 28.8% | ||
| Q4 24 | — | -126.9% | ||
| Q3 24 | -1461433.3% | 27.6% | ||
| Q2 24 | -699060.0% | -27.2% | ||
| Q1 24 | -115717.9% | -12.5% |
| Q4 25 | $0.43 | $0.10 | ||
| Q3 25 | $-1.01 | $0.16 | ||
| Q2 25 | $-0.98 | $0.08 | ||
| Q1 25 | $-0.86 | $0.09 | ||
| Q4 24 | — | $-0.65 | ||
| Q3 24 | $-0.79 | $0.09 | ||
| Q2 24 | $-0.63 | $-0.13 | ||
| Q1 24 | $-0.66 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $402.7M | $87.0M |
| Total DebtLower is stronger | — | $395.9M |
| Stockholders' EquityBook value | $505.7M | $47.0M |
| Total Assets | $566.7M | $531.0M |
| Debt / EquityLower = less leverage | — | 8.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $402.7M | $87.0M | ||
| Q3 25 | $305.1M | $6.3M | ||
| Q2 25 | $293.2M | $120.8M | ||
| Q1 25 | $321.4M | $255.9M | ||
| Q4 24 | $424.9M | $59.2M | ||
| Q3 24 | $501.9M | $39.1M | ||
| Q2 24 | $541.9M | $16.3M | ||
| Q1 24 | $525.9M | $21.5M |
| Q4 25 | — | $395.9M | ||
| Q3 25 | — | $279.9M | ||
| Q2 25 | — | $283.5M | ||
| Q1 25 | — | $287.0M | ||
| Q4 24 | — | $290.6M | ||
| Q3 24 | — | $294.1M | ||
| Q2 24 | — | $297.7M | ||
| Q1 24 | — | $315.0M |
| Q4 25 | $505.7M | $47.0M | ||
| Q3 25 | $369.0M | $71.0M | ||
| Q2 25 | $420.9M | $187.7M | ||
| Q1 25 | $469.7M | $319.8M | ||
| Q4 24 | $510.6M | $-131.6M | ||
| Q3 24 | $552.9M | $-13.4M | ||
| Q2 24 | $588.3M | $-41.7M | ||
| Q1 24 | $600.6M | $-22.0M |
| Q4 25 | $566.7M | $531.0M | ||
| Q3 25 | $424.0M | $439.2M | ||
| Q2 25 | $473.6M | $547.6M | ||
| Q1 25 | $515.7M | $679.4M | ||
| Q4 24 | $560.4M | $479.1M | ||
| Q3 24 | $604.0M | $456.3M | ||
| Q2 24 | $620.1M | $435.0M | ||
| Q1 24 | $629.9M | $437.7M |
| Q4 25 | — | 8.42× | ||
| Q3 25 | — | 3.94× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.6M | $24.8M |
| Free Cash FlowOCF − Capex | $28.5M | $24.5M |
| FCF MarginFCF / Revenue | 33.5% | 19.5% |
| Capex IntensityCapex / Revenue | 0.1% | 0.2% |
| Cash ConversionOCF / Net Profit | 1.47× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-109.9M | $140.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.6M | $24.8M | ||
| Q3 25 | $-46.5M | $55.4M | ||
| Q2 25 | $-43.4M | $37.5M | ||
| Q1 25 | $-47.8M | $23.8M | ||
| Q4 24 | $-134.6M | $29.5M | ||
| Q3 24 | $-29.4M | $29.1M | ||
| Q2 24 | $-30.2M | $15.8M | ||
| Q1 24 | $-29.1M | $20.4M |
| Q4 25 | $28.5M | $24.5M | ||
| Q3 25 | $-46.6M | $55.2M | ||
| Q2 25 | $-43.4M | $37.3M | ||
| Q1 25 | $-48.4M | $23.7M | ||
| Q4 24 | $-138.4M | $29.3M | ||
| Q3 24 | $-31.2M | $28.8M | ||
| Q2 24 | $-30.6M | $15.7M | ||
| Q1 24 | $-29.8M | $20.3M |
| Q4 25 | 33.5% | 19.5% | ||
| Q3 25 | -51765.6% | 47.7% | ||
| Q2 25 | -289620.0% | 35.8% | ||
| Q1 25 | -345635.7% | 25.2% | ||
| Q4 24 | -13837100.0% | 30.0% | ||
| Q3 24 | -1038966.7% | 32.2% | ||
| Q2 24 | -611840.0% | 19.0% | ||
| Q1 24 | -106421.4% | 26.9% |
| Q4 25 | 0.1% | 0.2% | ||
| Q3 25 | 101.1% | 0.2% | ||
| Q2 25 | 440.0% | 0.2% | ||
| Q1 25 | 4507.1% | 0.1% | ||
| Q4 24 | 378600.0% | 0.3% | ||
| Q3 24 | 59266.7% | 0.4% | ||
| Q2 24 | 6980.0% | 0.2% | ||
| Q1 24 | 2535.7% | 0.3% |
| Q4 25 | 1.47× | 1.22× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FDMT
Segment breakdown not available.
GRND
| License And Service | $102.9M | 82% |
| Advertising | $23.1M | 18% |
