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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and LIVEPERSON INC (LPSN). 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 $59.3M, roughly 1.4× LIVEPERSON INC). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -77.8%, a 100.6% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs -19.0%). 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 -16.6%).

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.

LivePerson is a global technology company that develops conversational commerce and AI software.

FDMT vs LPSN — Head-to-Head

Bigger by revenue
FDMT
FDMT
1.4× larger
FDMT
$85.1M
$59.3M
LPSN
Growing faster (revenue YoY)
FDMT
FDMT
+8508919.0% gap
FDMT
8508900.0%
-19.0%
LPSN
Higher net margin
FDMT
FDMT
100.6% more per $
FDMT
22.8%
-77.8%
LPSN
More free cash flow
FDMT
FDMT
$40.4M more FCF
FDMT
$28.5M
$-12.0M
LPSN
Faster 2-yr revenue CAGR
FDMT
FDMT
Annualised
FDMT
5412.6%
-16.6%
LPSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FDMT
FDMT
LPSN
LPSN
Revenue
$85.1M
$59.3M
Net Profit
$19.4M
$-46.1M
Gross Margin
73.2%
Operating Margin
17.3%
-68.7%
Net Margin
22.8%
-77.8%
Revenue YoY
8508900.0%
-19.0%
Net Profit YoY
139.1%
58.9%
EPS (diluted)
$0.43
$-9.22

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
LPSN
LPSN
Q4 25
$85.1M
$59.3M
Q3 25
$90.0K
$60.2M
Q2 25
$15.0K
$59.6M
Q1 25
$14.0K
$64.7M
Q4 24
$1.0K
$73.2M
Q3 24
$3.0K
$74.2M
Q2 24
$5.0K
$79.9M
Q1 24
$28.0K
$85.1M
Net Profit
FDMT
FDMT
LPSN
LPSN
Q4 25
$19.4M
$-46.1M
Q3 25
$-56.9M
$8.7M
Q2 25
$-54.7M
$-15.7M
Q1 25
$-48.0M
$-14.1M
Q4 24
$-112.1M
Q3 24
$-43.8M
$-28.3M
Q2 24
$-35.0M
$41.8M
Q1 24
$-32.4M
$-35.6M
Gross Margin
FDMT
FDMT
LPSN
LPSN
Q4 25
73.2%
Q3 25
71.4%
Q2 25
69.7%
Q1 25
71.8%
Q4 24
77.4%
Q3 24
73.1%
Q2 24
79.4%
Q1 24
71.3%
Operating Margin
FDMT
FDMT
LPSN
LPSN
Q4 25
17.3%
-68.7%
Q3 25
-67983.3%
-24.2%
Q2 25
-396373.3%
-10.8%
Q1 25
-383007.1%
-26.2%
Q4 24
-138.0%
Q3 24
-1704400.0%
-21.6%
Q2 24
-849120.0%
-37.3%
Q1 24
-136200.0%
-42.7%
Net Margin
FDMT
FDMT
LPSN
LPSN
Q4 25
22.8%
-77.8%
Q3 25
-63195.6%
14.5%
Q2 25
-364386.7%
-26.4%
Q1 25
-342657.1%
-21.8%
Q4 24
-153.2%
Q3 24
-1461433.3%
-38.1%
Q2 24
-699060.0%
52.3%
Q1 24
-115717.9%
-41.8%
EPS (diluted)
FDMT
FDMT
LPSN
LPSN
Q4 25
$0.43
$-9.22
Q3 25
$-1.01
$-2.76
Q2 25
$-0.98
$-0.17
Q1 25
$-0.86
$-0.24
Q4 24
$-17.23
Q3 24
$-0.79
$-4.74
Q2 24
$-0.63
$-0.33
Q1 24
$-0.66
$-0.40

Balance Sheet & Financial Strength

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

Metric
FDMT
FDMT
LPSN
LPSN
Cash + ST InvestmentsLiquidity on hand
$402.7M
$95.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$505.7M
$-44.5M
Total Assets
$566.7M
$454.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FDMT
FDMT
LPSN
LPSN
Q4 25
$402.7M
$95.0M
Q3 25
$305.1M
$106.7M
Q2 25
$293.2M
$162.0M
Q1 25
$321.4M
$176.3M
Q4 24
$424.9M
$183.2M
Q3 24
$501.9M
$142.1M
Q2 24
$541.9M
$146.0M
Q1 24
$525.9M
$127.1M
Total Debt
FDMT
FDMT
LPSN
LPSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$512.1M
Stockholders' Equity
FDMT
FDMT
LPSN
LPSN
Q4 25
$505.7M
$-44.5M
Q3 25
$369.0M
$-22.1M
Q2 25
$420.9M
$-82.4M
Q1 25
$469.7M
$-74.9M
Q4 24
$510.6M
$-67.3M
Q3 24
$552.9M
$45.9M
Q2 24
$588.3M
$66.6M
Q1 24
$600.6M
$19.2M
Total Assets
FDMT
FDMT
LPSN
LPSN
Q4 25
$566.7M
$454.7M
Q3 25
$424.0M
$511.4M
Q2 25
$473.6M
$604.2M
Q1 25
$515.7M
$596.2M
Q4 24
$560.4M
$607.8M
Q3 24
$604.0M
$692.0M
Q2 24
$620.1M
$703.8M
Q1 24
$629.9M
$724.7M
Debt / Equity
FDMT
FDMT
LPSN
LPSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
26.69×

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
LPSN
LPSN
Operating Cash FlowLast quarter
$28.6M
$-9.7M
Free Cash FlowOCF − Capex
$28.5M
$-12.0M
FCF MarginFCF / Revenue
33.5%
-20.2%
Capex IntensityCapex / Revenue
0.1%
3.9%
Cash ConversionOCF / Net Profit
1.47×
TTM Free Cash FlowTrailing 4 quarters
$-109.9M
$-42.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FDMT
FDMT
LPSN
LPSN
Q4 25
$28.6M
$-9.7M
Q3 25
$-46.5M
$-6.0M
Q2 25
$-43.4M
$-11.7M
Q1 25
$-47.8M
$-3.1M
Q4 24
$-134.6M
$-3.1M
Q3 24
$-29.4M
$4.8M
Q2 24
$-30.2M
$-17.9M
Q1 24
$-29.1M
$1.1M
Free Cash Flow
FDMT
FDMT
LPSN
LPSN
Q4 25
$28.5M
$-12.0M
Q3 25
$-46.6M
$-8.9M
Q2 25
$-43.4M
$-14.8M
Q1 25
$-48.4M
$-6.9M
Q4 24
$-138.4M
$-6.8M
Q3 24
$-31.2M
$-230.0K
Q2 24
$-30.6M
$-22.9M
Q1 24
$-29.8M
$-10.4M
FCF Margin
FDMT
FDMT
LPSN
LPSN
Q4 25
33.5%
-20.2%
Q3 25
-51765.6%
-14.8%
Q2 25
-289620.0%
-24.9%
Q1 25
-345635.7%
-10.6%
Q4 24
-13837100.0%
-9.2%
Q3 24
-1038966.7%
-0.3%
Q2 24
-611840.0%
-28.7%
Q1 24
-106421.4%
-12.2%
Capex Intensity
FDMT
FDMT
LPSN
LPSN
Q4 25
0.1%
3.9%
Q3 25
101.1%
4.8%
Q2 25
440.0%
5.3%
Q1 25
4507.1%
5.8%
Q4 24
378600.0%
5.0%
Q3 24
59266.7%
6.8%
Q2 24
6980.0%
6.2%
Q1 24
2535.7%
13.5%
Cash Conversion
FDMT
FDMT
LPSN
LPSN
Q4 25
1.47×
Q3 25
-0.69×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-0.43×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FDMT
FDMT

Segment breakdown not available.

LPSN
LPSN

Hosted Services Business$51.0M86%
Professional Services$8.3M14%

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