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Company Description
C4 Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops novel therapeutic candidates to degrade disease-causing proteins for the treatment of cancer, neurodegenerative conditions, and other diseases. Its lead product candidate is CFT7455, an orally bioavailable MonoDAC degrader of protein that is in Phase 1/2 trial targeting IKZF1 and IKZF3 for multiple myeloma and non-Hodgkin lymphomas, including peripheral T-cell lymphoma and mantle cell lymphoma. The company is also developing CFT8634, an orally bioavailable BiDAC degrader of BRD9, a protein target for synovial sarcoma and SMARCB1-deleted solid tumors; CFT1946, an orally bioavailable BiDAC degrader targeting V600X mutant BRAF to treat melanoma, non-small cell lung cancer (NSCLC), colorectal cancer, and other solid malignancies; CFT8919, an orally bioavailable, allosteric, and mutant-selective BiDAC degrader of epidermal growth factor receptor, or EGFR, with an L858R mutation in NSCLC; and earlier stage programs comprising RET degraders for the treatment of various cancers. C4 Therapeutics, Inc. has strategic collaborations with F. Hoffmann-La Roche Ltd and Hoffmann-La Roche Inc.; Biogen MA, Inc.; and Calico Life Sciences LLC. The company was incorporated in 2015 and is headquartered in Watertown, Massachusetts.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35.95M | 35.58M | 20.76M | 31.10M | 45.78M | 33.20M | 21.38M | 19.36M |
| Net Income | (104.99M) | (105.32M) | (132.49M) | (128.18M) | (83.89M) | (66.33M) | (34.10M) | (15.71M) |
| EPS | -1.27 | -1.52 | -2.67 | -2.62 | -1.82 | -1.54 | -0.79 | -1.06 |
| Free Cash Flow | (99.30M) | (65.34M) | (108.55M) | (111.44M) | (88.24M) | (67.90M) | 54.27M | (19.67M) |
| FCF / Share | -1.20 | -0.94 | -2.19 | -2.28 | -1.92 | -1.58 | 1.26 | -1.33 |
| Operating CF | (98.69M) | (65.16M) | (106.84M) | (105.94M) | (86.97M) | (67.25M) | 55.61M | (16.98M) |
| Total Assets | 359.07M | 349.60M | 376.45M | 430.84M | 506.76M | 400.14M | 118.26M | 146.49M |
| Total Debt | 59.98M | 65.76M | 70.98M | 87.15M | 42.88M | 22.92M | 13.75M | 14.48M |
| Cash & Equiv | 74.60M | 55.50M | 126.59M | 29.75M | 76.12M | 181.73M | 90.55M | 36.31M |
| Book Value | 256.59M | 215.99M | 246.11M | 289.23M | 389.61M | 280.79M | (111.96M) | (79.75M) |
| Return on Equity | -0.41 | -0.49 | -0.54 | -0.44 | -0.22 | -0.24 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.15M | 11.02M | 11.23M | 6.46M | 7.24M | 5.18M | 15.36M | 12.01M | 3.04M | 3.26M | 11.07M | 2.66M |
| Net Income | (25.13M) | (20.49M) | (32.17M) | (26.02M) | (26.32M) | (34.57M) | (24.67M) | (17.72M) | (28.36M) | (34.75M) | (27.04M) | (35.92M) |
| EPS | -0.20 | -0.18 | -0.44 | -0.37 | -0.37 | -0.49 | -0.35 | -0.26 | -0.41 | -0.68 | -0.55 | -0.73 |
| Free Cash Flow | (30.01M) | (22.16M) | (31.62M) | (12.24M) | (33.28M) | (17.93M) | (24.12M) | (5.17M) | (18.12M) | (24.17M) | (31.31M) | (19.36M) |
| FCF / Share | -0.24 | -0.19 | -0.44 | -0.17 | -0.47 | -0.25 | -0.35 | -0.08 | -0.26 | -0.47 | -0.64 | -0.39 |
| Operating CF | (29.94M) | (22.14M) | (31.21M) | (12.06M) | (33.28M) | (17.93M) | (24.13M) | (4.97M) | (18.12M) | (24.01M) | (30.71M) | (19.00M) |
| Total Assets | 328.86M | 359.07M | 265.49M | 296.53M | 319.52M | 349.60M | 376.06M | 381.09M | 398.37M | 376.45M | 333.01M | 375.01M |
| Total Debt | 58.45M | 59.98M | 61.46M | 62.92M | 64.37M | 65.76M | 67.09M | 68.42M | 69.72M | 70.98M | 72.18M | 83.71M |
| Cash & Equiv | 61.27M | 74.60M | 58.81M | 78.16M | 51.29M | 55.50M | 59.65M | 73.11M | 89.66M | 126.59M | 60.97M | 44.88M |
| Book Value | 234.25M | 256.59M | 154.41M | 174.06M | 195.14M | 215.99M | 242.66M | 247.06M | 258.28M | 246.11M | 216.02M | 233.71M |
| Return on Equity | -0.11 | -0.08 | -0.21 | -0.15 | -0.13 | -0.16 | -0.10 | -0.07 | -0.11 | -0.14 | -0.13 | -0.15 |