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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) and Skillsoft Corp. (SKIL). Click either name above to swap in a different company.
Skillsoft Corp. is the larger business by last-quarter revenue ($129.0M vs $85.1M, roughly 1.5× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -32.0%, a 54.8% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs -6.0%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-19.3M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs -3.2%).
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.
Skillsoft is an American educational technology company that produces learning management system software and content.
FDMT vs SKIL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $85.1M | $129.0M |
| Net Profit | $19.4M | $-41.3M |
| Gross Margin | — | 72.7% |
| Operating Margin | 17.3% | -26.6% |
| Net Margin | 22.8% | -32.0% |
| Revenue YoY | 8508900.0% | -6.0% |
| Net Profit YoY | 139.1% | -74.9% |
| 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.
| Q4 25 | $85.1M | $129.0M | ||
| Q3 25 | $90.0K | $128.8M | ||
| Q2 25 | $15.0K | $124.2M | ||
| Q1 25 | $14.0K | $133.8M | ||
| Q4 24 | $1.0K | $137.2M | ||
| Q3 24 | $3.0K | $132.2M | ||
| Q2 24 | $5.0K | $127.8M | ||
| Q1 24 | $28.0K | $137.5M |
| Q4 25 | $19.4M | $-41.3M | ||
| Q3 25 | $-56.9M | $-23.8M | ||
| Q2 25 | $-54.7M | $-38.0M | ||
| Q1 25 | $-48.0M | $-31.1M | ||
| Q4 24 | — | $-23.6M | ||
| Q3 24 | $-43.8M | $-39.6M | ||
| Q2 24 | $-35.0M | $-27.6M | ||
| Q1 24 | $-32.4M | $-245.3M |
| Q4 25 | — | 72.7% | ||
| Q3 25 | — | 74.5% | ||
| Q2 25 | — | 74.0% | ||
| Q1 25 | — | 74.9% | ||
| Q4 24 | — | 75.0% | ||
| Q3 24 | — | 75.4% | ||
| Q2 24 | — | 73.0% | ||
| Q1 24 | — | 72.0% |
| Q4 25 | 17.3% | -26.6% | ||
| Q3 25 | -67983.3% | -9.2% | ||
| Q2 25 | -396373.3% | -14.6% | ||
| Q1 25 | -383007.1% | -12.9% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | -1704400.0% | -14.6% | ||
| Q2 24 | -849120.0% | -18.6% | ||
| Q1 24 | -136200.0% | -165.8% |
| Q4 25 | 22.8% | -32.0% | ||
| Q3 25 | -63195.6% | -18.5% | ||
| Q2 25 | -364386.7% | -30.6% | ||
| Q1 25 | -342657.1% | -23.3% | ||
| Q4 24 | — | -17.2% | ||
| Q3 24 | -1461433.3% | -29.9% | ||
| Q2 24 | -699060.0% | -21.6% | ||
| Q1 24 | -115717.9% | -178.4% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $402.7M | $74.6M |
| Total DebtLower is stronger | — | $570.2M |
| Stockholders' EquityBook value | $505.7M | $4.0M |
| Total Assets | $566.7M | $897.6M |
| Debt / EquityLower = less leverage | — | 142.97× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $402.7M | $74.6M | ||
| Q3 25 | $305.1M | $100.5M | ||
| Q2 25 | $293.2M | $127.8M | ||
| Q1 25 | $321.4M | $100.8M | ||
| Q4 24 | $424.9M | $97.9M | ||
| Q3 24 | $501.9M | $122.7M | ||
| Q2 24 | $541.9M | $142.0M | ||
| Q1 24 | $525.9M | $136.3M |
| Q4 25 | — | $570.2M | ||
| Q3 25 | — | $571.2M | ||
| Q2 25 | — | $572.2M | ||
| Q1 25 | — | $573.3M | ||
| Q4 24 | — | $574.3M | ||
| Q3 24 | — | $575.4M | ||
| Q2 24 | — | $576.4M | ||
| Q1 24 | — | $577.5M |
| Q4 25 | $505.7M | $4.0M | ||
| Q3 25 | $369.0M | $42.5M | ||
| Q2 25 | $420.9M | $62.6M | ||
| Q1 25 | $469.7M | $93.8M | ||
| Q4 24 | $510.6M | $120.5M | ||
| Q3 24 | $552.9M | $141.4M | ||
| Q2 24 | $588.3M | $182.1M | ||
| Q1 24 | $600.6M | $205.6M |
| Q4 25 | $566.7M | $897.6M | ||
| Q3 25 | $424.0M | $969.4M | ||
| Q2 25 | $473.6M | $1.0B | ||
| Q1 25 | $515.7M | $1.1B | ||
| Q4 24 | $560.4M | $1.1B | ||
| Q3 24 | $604.0M | $1.1B | ||
| Q2 24 | $620.1M | $1.2B | ||
| Q1 24 | $629.9M | $1.3B |
| Q4 25 | — | 142.97× | ||
| Q3 25 | — | 13.45× | ||
| Q2 25 | — | 9.13× | ||
| Q1 25 | — | 6.11× | ||
| Q4 24 | — | 4.77× | ||
| Q3 24 | — | 4.07× | ||
| Q2 24 | — | 3.16× | ||
| Q1 24 | — | 2.81× |
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 | $-18.9M |
| Free Cash FlowOCF − Capex | $28.5M | $-19.3M |
| FCF MarginFCF / Revenue | 33.5% | -15.0% |
| Capex IntensityCapex / Revenue | 0.1% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-109.9M | $10.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.6M | $-18.9M | ||
| Q3 25 | $-46.5M | $-17.8M | ||
| Q2 25 | $-43.4M | $31.3M | ||
| Q1 25 | $-47.8M | $17.8M | ||
| Q4 24 | $-134.6M | $8.7M | ||
| Q3 24 | $-29.4M | $-11.4M | ||
| Q2 24 | $-30.2M | $14.9M | ||
| Q1 24 | $-29.1M | $11.5M |
| Q4 25 | $28.5M | $-19.3M | ||
| Q3 25 | $-46.6M | $-18.5M | ||
| Q2 25 | $-43.4M | $30.8M | ||
| Q1 25 | $-48.4M | $17.0M | ||
| Q4 24 | $-138.4M | $8.3M | ||
| Q3 24 | $-31.2M | $-11.7M | ||
| Q2 24 | $-30.6M | $14.8M | ||
| Q1 24 | $-29.8M | $11.1M |
| Q4 25 | 33.5% | -15.0% | ||
| Q3 25 | -51765.6% | -14.3% | ||
| Q2 25 | -289620.0% | 24.8% | ||
| Q1 25 | -345635.7% | 12.7% | ||
| Q4 24 | -13837100.0% | 6.0% | ||
| Q3 24 | -1038966.7% | -8.8% | ||
| Q2 24 | -611840.0% | 11.6% | ||
| Q1 24 | -106421.4% | 8.0% |
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 101.1% | 0.5% | ||
| Q2 25 | 440.0% | 0.4% | ||
| Q1 25 | 4507.1% | 0.6% | ||
| Q4 24 | 378600.0% | 0.3% | ||
| Q3 24 | 59266.7% | 0.2% | ||
| Q2 24 | 6980.0% | 0.1% | ||
| Q1 24 | 2535.7% | 0.3% |
| 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.
Revenue Breakdown by Segment
FDMT
Segment breakdown not available.
SKIL
| SAAS And Subscription Services | $93.5M | 73% |
| Virtual Ondemand And Classroom And Individualized Coaching | $28.2M | 22% |
| Professional Services | $7.3M | 6% |
