# Foghorn Therapeutics share price today (Foghorn Therapeutics Inc., FHTX)

> Foghorn Therapeutics Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. FHTX · Healthcare · Biotechnology · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/fhtx

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## Key numbers

- Price: $2.13 (−51.7% in a year)
- Revenue (Jun 2026): $16.1 M (+112.7% on a year ago)
- Profit (Jun 2026): −$7.2 M
- Operating margin: −54.8% (+224.4 points on a year ago)

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Foghorn Therapeutics share price today? Foghorn Therapeutics Inc.'s share price was $2.13 at the close on 3 November 2026. That is 54.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between $2 and $7, and at that close it sat 5% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 8 weeks running. Over the last 1 year the share price moved −61% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 11 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Foghorn Therapeutics pay? Foghorn Therapeutics Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Foghorn Therapeutics on? Foghorn Therapeutics is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Foghorn Therapeutics profitable? Foghorn Therapeutics Inc. posted a net loss of $7.2 M in the Jun 2026 quarter. The full FY25 year was a loss of $74.3 M. That loss is 44.7% of the quarter's revenue. The same quarter a year earlier lost $17.9 M. 12 of the last 12 reported quarters were loss-making. ## How much revenue does Foghorn Therapeutics make, and is it growing? Foghorn Therapeutics Inc. reported $16.1 M of revenue in the Jun 2026 quarter, +112.7% on the same quarter a year earlier. Over 4 years it has grown 120.0% a year on average. The last full year, FY25, came in at $30.9 M. The last four reported quarters add to $36.7 M. FY25 revenue was $30.9 M, +36.8% on the year before. Recent pace: the last four quarters grew +74.0% on average, against 120.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +52.0%, against +2.2% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Foghorn Therapeutics keep? Foghorn Therapeutics Inc.'s operating margin was −54.8% in the Jun 2026 quarter, 224.4 percentage points higher than the same quarter a year ago. Across 5 years it has been between −7,637.1% and −265.6%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +224.4 percentage points on the year while gross margin changed +173.1 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Foghorn Therapeutics' profit turning into cash? Foghorn Therapeutics Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 its operations used $86.1 M of cash, against −$74.3 M of profit. After $50.0 K of spending on assets, free cash was −$86.1 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Foghorn Therapeutics' cash go? Foghorn Therapeutics Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $2.2 M on assets over the last 3 years. Averaged over those years that is 2.4% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $2.2 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is Foghorn Therapeutics' P/E ratio, and how does it compare with its own history? Foghorn Therapeutics Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Foghorn Therapeutics Inc. at 4.1× its FY25 revenue of $30.9 M. The P/E comes back here once profit turns positive. ## Is the Foghorn Therapeutics business getting better or worse? Foghorn Therapeutics Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Foghorn Therapeutics earn on its capital? Foghorn Therapeutics Inc. earned a ROE of 69% in FY25. That is up from a low of −97,216% in FY22. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a −240.3% net margin and 0.16× asset turnover (sales divided by assets). Why the return is what it is (FY25): a −240.3% net margin × 0.16× asset turnover × −1.83× leverage (assets divided by equity) ≈ 70.4% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. ## Does Foghorn Therapeutics have too much debt? Foghorn Therapeutics Inc.'s net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from 0.60 in FY21 to −0.38 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Foghorn Therapeutics shareholding pattern? 9.6% of Foghorn Therapeutics Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 1.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Foghorn Therapeutics from balance-sheet trouble? For Foghorn Therapeutics Inc., the Z-score is −4.17. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of −4.17 is inside the danger zone, so the balance sheet is a real risk. ## How does Foghorn Therapeutics rank in its industry? There is no score against its industry: Foghorn Therapeutics Inc. is not among the largest members shown in this industry comparison for Biotechnology. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Foghorn Therapeutics compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Foghorn Therapeutics in size? Foghorn Therapeutics is the 206th largest of 211 Biotechnology companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Sutro Biopharma, Inc., Cue Biopharma, Inc. and MacroGenics, Inc. Just below it: Coherus Oncology, Inc., Armata Pharmaceuticals, Inc. and Tonix Pharmaceuticals Holding Corp. ### Biotechnology companies close in size

1. [Sutro Biopharma, Inc.](https://www.sectoralpha.in/us/stocks/stro) $158 million
2. [Cue Biopharma, Inc.](https://www.sectoralpha.in/us/stocks/cue) $152 million
3. [MacroGenics, Inc.](https://www.sectoralpha.in/us/stocks/mgnx) $148 million
4. Foghorn Therapeutics Inc. $126 million
5. [Coherus Oncology, Inc.](https://www.sectoralpha.in/us/stocks/chrs) $124 million
6. [Armata Pharmaceuticals, Inc.](https://www.sectoralpha.in/us/stocks/armp) $115 million
7. [Tonix Pharmaceuticals Holding Corp.](https://www.sectoralpha.in/us/stocks/tnxp) $98 million

[All 211 Biotechnology companies, largest first](https://www.sectoralpha.in/us/sectors/biotechnology#all-companies)

## What else do people ask about Foghorn Therapeutics? ### What were Foghorn Therapeutics's latest quarterly results? Foghorn Therapeutics Inc. reported revenue of $16.1 M and a net loss of $7.2 M for the Jun 2026 quarter. Earnings per share were −$0.10. The operating margin was −54.8%, 224.4 percentage points higher than a year earlier (as of 3 November 2026). ### What is Foghorn Therapeutics's market cap? Foghorn Therapeutics Inc.'s market capitalisation is $126 M at a stock price of $2.13. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Foghorn Therapeutics performing? Foghorn Therapeutics Inc.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 8 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Foghorn Therapeutics's stock price go up? This page does not forecast Foghorn Therapeutics Inc.'s stock price. What it shows instead: the stock price is $2.13. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Foghorn Therapeutics in its business cycle? Foghorn Therapeutics Inc.'s FY25 operating margin was −265.6%, against a 5-year range of −7,637.1% to −265.6%: the middle of its own range, neither a peak nor a low. The latest quarter was −54.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Foghorn Therapeutics story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Foghorn Therapeutics a stock worth studying right now? What the numbers show: Foghorn Therapeutics Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.