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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and Integra Resources Corp. (ITRG). Click either name above to swap in a different company.

4D Molecular Therapeutics, Inc. is the larger business by last-quarter revenue ($85.1M vs $57.0M, roughly 1.5× Integra Resources Corp.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -9.6%, a 32.4% gap on every dollar of revenue.

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.

Integra Resources Corp is a mineral exploration and development firm focused on advancing high-potential gold and silver projects. It primarily operates in the western United States, conducting geological surveys, resource assessment, and feasibility studies to unlock value from precious metal deposits while adhering to sustainable operational standards.

FDMT vs ITRG — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.5× larger
FDMT
$85.1M
$57.0M
ITRG
Higher net margin
FDMT
FDMT
32.4% more per $
FDMT
22.8%
-9.6%
ITRG

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
FDMT
FDMT
ITRG
ITRG
Revenue
$85.1M
$57.0M
Net Profit
$19.4M
$-5.5M
Gross Margin
Operating Margin
17.3%
Net Margin
22.8%
-9.6%
Revenue YoY
8508900.0%
Net Profit YoY
139.1%
EPS (diluted)
$0.43

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.

Revenue
FDMT
FDMT
ITRG
ITRG
Q4 25
$85.1M
Q3 25
$90.0K
Q2 25
$15.0K
Q1 25
$14.0K
$57.0M
Q4 24
$1.0K
Q3 24
$3.0K
Q2 24
$5.0K
Q1 24
$28.0K
Net Profit
FDMT
FDMT
ITRG
ITRG
Q4 25
$19.4M
Q3 25
$-56.9M
Q2 25
$-54.7M
Q1 25
$-48.0M
$-5.5M
Q4 24
Q3 24
$-43.8M
Q2 24
$-35.0M
Q1 24
$-32.4M
Operating Margin
FDMT
FDMT
ITRG
ITRG
Q4 25
17.3%
Q3 25
-67983.3%
Q2 25
-396373.3%
Q1 25
-383007.1%
Q4 24
Q3 24
-1704400.0%
Q2 24
-849120.0%
Q1 24
-136200.0%
Net Margin
FDMT
FDMT
ITRG
ITRG
Q4 25
22.8%
Q3 25
-63195.6%
Q2 25
-364386.7%
Q1 25
-342657.1%
-9.6%
Q4 24
Q3 24
-1461433.3%
Q2 24
-699060.0%
Q1 24
-115717.9%
EPS (diluted)
FDMT
FDMT
ITRG
ITRG
Q4 25
$0.43
Q3 25
$-1.01
Q2 25
$-0.98
Q1 25
$-0.86
Q4 24
Q3 24
$-0.79
Q2 24
$-0.63
Q1 24
$-0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FDMT
FDMT
ITRG
ITRG
Cash + ST InvestmentsLiquidity on hand
$402.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
Total Assets
$566.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
ITRG
ITRG
Q4 25
$402.7M
Q3 25
$305.1M
Q2 25
$293.2M
Q1 25
$321.4M
Q4 24
$424.9M
Q3 24
$501.9M
Q2 24
$541.9M
Q1 24
$525.9M
Stockholders' Equity
FDMT
FDMT
ITRG
ITRG
Q4 25
$505.7M
Q3 25
$369.0M
Q2 25
$420.9M
Q1 25
$469.7M
Q4 24
$510.6M
Q3 24
$552.9M
Q2 24
$588.3M
Q1 24
$600.6M
Total Assets
FDMT
FDMT
ITRG
ITRG
Q4 25
$566.7M
Q3 25
$424.0M
Q2 25
$473.6M
Q1 25
$515.7M
Q4 24
$560.4M
Q3 24
$604.0M
Q2 24
$620.1M
Q1 24
$629.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FDMT
FDMT
ITRG
ITRG
Operating Cash FlowLast quarter
$28.6M
Free Cash FlowOCF − Capex
$28.5M
FCF MarginFCF / Revenue
33.5%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.47×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
ITRG
ITRG
Q4 25
$28.6M
Q3 25
$-46.5M
Q2 25
$-43.4M
Q1 25
$-47.8M
Q4 24
$-134.6M
Q3 24
$-29.4M
Q2 24
$-30.2M
Q1 24
$-29.1M
Free Cash Flow
FDMT
FDMT
ITRG
ITRG
Q4 25
$28.5M
Q3 25
$-46.6M
Q2 25
$-43.4M
Q1 25
$-48.4M
Q4 24
$-138.4M
Q3 24
$-31.2M
Q2 24
$-30.6M
Q1 24
$-29.8M
FCF Margin
FDMT
FDMT
ITRG
ITRG
Q4 25
33.5%
Q3 25
-51765.6%
Q2 25
-289620.0%
Q1 25
-345635.7%
Q4 24
-13837100.0%
Q3 24
-1038966.7%
Q2 24
-611840.0%
Q1 24
-106421.4%
Capex Intensity
FDMT
FDMT
ITRG
ITRG
Q4 25
0.1%
Q3 25
101.1%
Q2 25
440.0%
Q1 25
4507.1%
Q4 24
378600.0%
Q3 24
59266.7%
Q2 24
6980.0%
Q1 24
2535.7%
Cash Conversion
FDMT
FDMT
ITRG
ITRG
Q4 25
1.47×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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