NASDAQ$FULC

Fulcrum Therapeutics Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Fulcrum Therapeutics reported Q1 2025 with a net loss of $17.7M and diluted EPS of $(0.28).

The company had no product revenue in Q1 as it advanced losmapimod and pociredir clinical programs. Net loss was $17.7 million versus $26.9 million; diluted EPS was $(0.28). R&D spend declined with program prioritization.

  • Pre-commercial biotech with no product revenue.
  • Net loss $17.7M; EPS $(0.28).
  • R&D $13.4M focused on facioscapulohumeral muscular dystrophy.
  • Cash runway supports pipeline milestones.
  • Partnership and collaboration optionality.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.28

Previous: -$0.43+34.9%
R&D Expenses

$13.4M

No prior period
G&A Expenses

$7M

No prior period
Working Capital

$224M

No prior period
Total Stockholders' Equity

$228M

No prior period
Net Income

-$17.7M

Previous: -$26.9M+34.3%
Operating Income

-$20.4M

Previous: -$29.8M+31.6%

Revenue & EPS history

Fulcrum Therapeutics · Revenue · Quarterly

$0

Q1 2025
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Forward guidance

Fulcrum discusses clinical readouts, regulatory interactions, and cash runway; no revenue guidance until commercial launch.

Tailwinds

  • Losmapimod pivotal data path in FSHD.
  • Reduced burn from portfolio focus.
  • Experienced rare-disease management team.

Headwinds

  • Clinical trial failure risk.
  • Dilution from future financing needs.
  • Long regulatory timelines in rare diseases.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+5.2%

Avg return

Earnings day

+6.3%

Avg return

5 days after

+12.3%

Avg return

30 days after

62%

16 / 26 earnings

Positive

+142.5%

Q2 2021

Best reaction

-54.6%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-21.1%-23.0%-36.3%
Q3 2025-6.6%-9.8%+9.4%
Q1 2025+13.8%+39.0%+78.6%
Q4 2024+0.0%-3.0%-16.5%
Q3 2024-8.8%-16.8%+8.8%
Q2 2024+7.1%+0.6%+1.7%
Q1 2024+5.9%+1.1%+3.2%
Q4 2023+6.1%+12.9%-3.0%
Q3 2023+16.2%-2.5%+38.2%
Q2 2023+3.4%+5.5%+49.7%
Q1 2023+16.2%-0.6%-7.6%
Q4 2022-28.0%-36.6%-62.0%
Q3 2022+23.9%+27.3%+9.4%
Q2 2022+8.4%-6.2%+7.1%
Q1 2022-12.5%-4.1%-3.8%
Q4 2021+17.4%+37.8%+113.9%
Q3 2021-2.3%-4.9%-31.5%
Q2 2021+142.5%+175.3%+233.9%
Q1 2021+4.1%+3.7%-13.2%
Q4 2020-17.7%-17.4%-17.8%
Q3 2020+8.6%+16.9%+22.3%
Q2 2020-54.6%-55.5%-54.7%
Q1 2020+7.9%+18.9%+16.5%
Q4 2019-2.2%-27.8%-49.4%
Q3 2019+1.3%+27.7%+48.9%
Q2 2019+7.2%+6.1%-25.5%
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017

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