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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and Katapult Holdings, Inc. (KPLT). 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 $73.9M, roughly 1.2× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs 22.8%, a 4.1% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 17.3%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-12.0M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 6.6%).
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.
Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.
FDMT vs KPLT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $85.1M | $73.9M |
| Net Profit | $19.4M | $19.8M |
| Gross Margin | — | 15.6% |
| Operating Margin | 17.3% | -1.4% |
| Net Margin | 22.8% | 26.8% |
| Revenue YoY | 8508900.0% | 17.3% |
| Net Profit YoY | 139.1% | 307.3% |
| EPS (diluted) | $0.43 | $3.69 |
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 | $73.9M | ||
| Q3 25 | $90.0K | $74.0M | ||
| Q2 25 | $15.0K | $71.9M | ||
| Q1 25 | $14.0K | $71.9M | ||
| Q4 24 | $1.0K | $63.0M | ||
| Q3 24 | $3.0K | $60.3M | ||
| Q2 24 | $5.0K | $58.9M | ||
| Q1 24 | $28.0K | $65.1M |
| Q4 25 | $19.4M | $19.8M | ||
| Q3 25 | $-56.9M | $-4.9M | ||
| Q2 25 | $-54.7M | $-7.8M | ||
| Q1 25 | $-48.0M | $-5.7M | ||
| Q4 24 | — | $-9.6M | ||
| Q3 24 | $-43.8M | $-8.9M | ||
| Q2 24 | $-35.0M | $-6.9M | ||
| Q1 24 | $-32.4M | $-570.0K |
| Q4 25 | — | 15.6% | ||
| Q3 25 | — | 19.7% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 16.9% | ||
| Q1 24 | — | 25.3% |
| Q4 25 | 17.3% | -1.4% | ||
| Q3 25 | -67983.3% | 3.3% | ||
| Q2 25 | -396373.3% | -2.0% | ||
| Q1 25 | -383007.1% | -0.7% | ||
| Q4 24 | — | -7.7% | ||
| Q3 24 | -1704400.0% | -7.4% | ||
| Q2 24 | -849120.0% | -4.5% | ||
| Q1 24 | -136200.0% | 5.8% |
| Q4 25 | 22.8% | 26.8% | ||
| Q3 25 | -63195.6% | -6.7% | ||
| Q2 25 | -364386.7% | -10.9% | ||
| Q1 25 | -342657.1% | -7.9% | ||
| Q4 24 | — | -15.2% | ||
| Q3 24 | -1461433.3% | -14.7% | ||
| Q2 24 | -699060.0% | -11.7% | ||
| Q1 24 | -115717.9% | -0.9% |
| Q4 25 | $0.43 | $3.69 | ||
| Q3 25 | $-1.01 | $-0.94 | ||
| Q2 25 | $-0.98 | $-1.63 | ||
| Q1 25 | $-0.86 | $-1.23 | ||
| Q4 24 | — | $-2.17 | ||
| Q3 24 | $-0.79 | $-2.05 | ||
| Q2 24 | $-0.63 | $-1.61 | ||
| Q1 24 | $-0.66 | $-0.13 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $505.7M | $-38.1M |
| Total Assets | $566.7M | $107.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $402.7M | $22.4M | ||
| Q3 25 | $305.1M | $3.4M | ||
| Q2 25 | $293.2M | $3.7M | ||
| Q1 25 | $321.4M | $6.0M | ||
| Q4 24 | $424.9M | $3.5M | ||
| Q3 24 | $501.9M | $25.9M | ||
| Q2 24 | $541.9M | $33.7M | ||
| Q1 24 | $525.9M | $31.2M |
| Q4 25 | $505.7M | $-38.1M | ||
| Q3 25 | $369.0M | $-58.4M | ||
| Q2 25 | $420.9M | $-54.1M | ||
| Q1 25 | $469.7M | $-51.7M | ||
| Q4 24 | $510.6M | $-46.8M | ||
| Q3 24 | $552.9M | $-40.3M | ||
| Q2 24 | $588.3M | $-32.9M | ||
| Q1 24 | $600.6M | $-27.5M |
| Q4 25 | $566.7M | $107.9M | ||
| Q3 25 | $424.0M | $85.9M | ||
| Q2 25 | $473.6M | $90.6M | ||
| Q1 25 | $515.7M | $88.5M | ||
| Q4 24 | $560.4M | $93.2M | ||
| Q3 24 | $604.0M | $92.0M | ||
| Q2 24 | $620.1M | $106.6M | ||
| Q1 24 | $629.9M | $106.6M |
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 | $-11.9M |
| Free Cash FlowOCF − Capex | $28.5M | $-12.0M |
| FCF MarginFCF / Revenue | 33.5% | -16.2% |
| Capex IntensityCapex / Revenue | 0.1% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.47× | -0.60× |
| TTM Free Cash FlowTrailing 4 quarters | $-109.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.6M | $-11.9M | ||
| Q3 25 | $-46.5M | $4.0M | ||
| Q2 25 | $-43.4M | $-6.6M | ||
| Q1 25 | $-47.8M | $3.4M | ||
| Q4 24 | $-134.6M | $-32.6M | ||
| Q3 24 | $-29.4M | $-5.4M | ||
| Q2 24 | $-30.2M | $-628.0K | ||
| Q1 24 | $-29.1M | $2.0M |
| Q4 25 | $28.5M | $-12.0M | ||
| Q3 25 | $-46.6M | $4.0M | ||
| Q2 25 | $-43.4M | — | ||
| Q1 25 | $-48.4M | $3.4M | ||
| Q4 24 | $-138.4M | $-32.6M | ||
| Q3 24 | $-31.2M | $-5.4M | ||
| Q2 24 | $-30.6M | $-653.0K | ||
| Q1 24 | $-29.8M | — |
| Q4 25 | 33.5% | -16.2% | ||
| Q3 25 | -51765.6% | 5.4% | ||
| Q2 25 | -289620.0% | — | ||
| Q1 25 | -345635.7% | 4.7% | ||
| Q4 24 | -13837100.0% | -51.8% | ||
| Q3 24 | -1038966.7% | -9.0% | ||
| Q2 24 | -611840.0% | -1.1% | ||
| Q1 24 | -106421.4% | — |
| Q4 25 | 0.1% | 0.0% | ||
| Q3 25 | 101.1% | 0.0% | ||
| Q2 25 | 440.0% | 0.0% | ||
| Q1 25 | 4507.1% | 0.0% | ||
| Q4 24 | 378600.0% | 0.1% | ||
| Q3 24 | 59266.7% | 0.0% | ||
| Q2 24 | 6980.0% | 0.0% | ||
| Q1 24 | 2535.7% | 0.0% |
| Q4 25 | 1.47× | -0.60× | ||
| 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.
