NASDAQ$FATE

Fate Therapeutics Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Fate Therapeutics reported first quarter 2025 financial results and business updates.

Fate Therapeutics reported total revenue of $1.6 million and a net loss of $41.3 million for the first quarter of 2025. The company ended the quarter with $272.7 million in cash, cash equivalents, and investments, providing a projected operating runway through the first half of 2027. Key business updates included positive developments for their FT819 program, including RMAT designation from the FDA and expansion of the Phase 1 study.

  • Total revenue for Q1 2025 was $1.6 million, derived from preclinical development activities for a collaboration candidate with Ono Pharmaceutical.
  • Net loss for Q1 2025 was $41.3 million.
  • Cash, cash equivalents, and investments totaled $272.7 million as of March 31, 2025, providing a projected operating runway through the first half of 2027.
  • FT819 received Regenerative Medicine Advanced Therapy (RMAT) designation from the FDA for moderate-to-severe Systemic Lupus Erythematosus (SLE).

Headline financials

Total Revenue

$1.6M

Previous: $1.93M-16.9%
EPS (adj)

-$0.36

Previous: -$0.47+23.4%
Shares Outstanding

114.6M

No prior period
Pre-funded Warrants

3.9M

No prior period
Preferred Shares

2.8M

No prior period
Capital Expenditures

-$1.2M

Previous: -$86K-1290.7%
Net Income

-$41.3M

Previous: -$48M+14.0%
Operating Income

-$41.3M

Previous: -$51.1M+19.1%
Gross Profit

-$1.7M

Previous: $273K-724.2%
R&D Expense

$25.8M

Previous: $32.1M-19.7%

Revenue & EPS history

Fate Therapeutics · Revenue · Quarterly

$1.6M

Q1 2025-16.9%vs Q1 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Fate Therapeutics · $1.9M total across 1 segment · Q3 2023

  • Collaboration Revenue
    $1.9M-87.3%

Forward guidance

Fate Therapeutics projects its cash runway to extend through the first half of 2027 based on its current cash, cash equivalents, and investments.

Tailwinds

  • Projected operating runway through 1H27 based on current cash position.
  • Expansion of FT819 Phase 1 study to include additional B cell-mediated autoimmune diseases.
  • Initiation of regulatory submissions in Europe for the FT819 program.
  • Presentation of new clinical data for FT819 at the EULAR 2025 Congress.
  • Ongoing dose escalation in the Phase 1 study for FT825 / ONO-8250 in advanced solid tumors.

Headwinds

  • No specific negative forward guidance points were mentioned in the report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.8%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+0.1%

Avg return

30 days after

44%

20 / 45 earnings

Positive

+19.0%

Q2 2016

Best reaction

-15.2%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.9%-22.8%-8.5%
Q4 2025+6.1%-7.4%-20.9%
Q3 2025-2.1%+6.1%+16.2%
Q1 2025-3.7%+22.0%+27.0%
Q4 2024-1.6%+2.2%+20.7%
Q3 2024-15.2%-21.1%-24.6%
Q2 2024-1.8%+2.1%+12.3%
Q1 2024+10.3%+14.1%-0.5%
Q4 2023+7.2%+11.2%+5.5%
Q3 2023-7.8%-13.9%-3.0%
Q2 2023-4.2%-13.0%-30.4%
Q1 2023+4.2%-7.9%-11.3%
Q4 2022+1.3%+1.7%-11.8%
Q3 2022-1.0%-2.1%+4.3%
Q2 2022+6.3%+11.5%-12.8%
Q1 2022-5.5%-22.3%-17.8%
Q4 2021-1.5%-7.0%+14.1%
Q3 2021+1.7%+1.1%-20.5%
Q2 2021+14.8%+15.0%-12.3%
Q1 2021-4.0%-5.0%-8.7%
Q4 2020-9.6%+1.2%-24.4%
Q3 2020-3.1%+5.6%+22.0%
Q2 2020+2.5%+10.4%-4.6%
Q1 2020-0.3%-1.4%+14.4%
Q4 2019-3.3%+0.9%-30.8%
Q3 2019-12.5%-4.6%-11.3%
Q2 2019-3.8%-2.9%-6.0%
Q1 2019-7.8%-2.6%-1.1%
Q4 2018-3.1%-0.1%+12.0%
Q3 2018+18.4%+16.5%+23.3%
Q2 2018+15.6%+17.6%+28.6%
Q1 2018-14.0%-10.4%+8.7%
Q4 2017-1.6%-0.8%-20.8%
Q3 2017-1.0%+4.0%-8.0%
Q2 2017+6.7%-3.4%+44.6%
Q1 2017+1.2%-1.0%-24.7%
Q4 2016+5.5%-3.4%-10.4%
Q3 2016+10.8%+50.3%+53.3%
Q2 2016+19.0%+21.3%+20.9%
Q1 2016+0.6%
Q4 2015+15.9%
Q2 2015-5.1%
Q1 2015-0.3%
Q4 2014+3.9%
Q3 2013+1.9%
Q1 2013
Q4 2012
Q3 2012

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