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MARKETS / NASDAQ / CCCC
NASDAQ · BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) · SMALL CAP

C4 Therapeutics, Inc. CCCC

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$35.9M
▲ 1.0% YoY
$-105.0M
$-99.3M
In brief

What this company does

Leveraging our proprietary TORPEDO platform, we efficiently design and optimize small molecule protein degraders that are highly active against their desired targets by harnessing the body’s natural process for destroying unwanted proteins. Our Clinical and Preclinical Pipeline Our clinical pipeline has two oncology degraders, cemsidomide, an IKZF1 and IKZF3 degrader, for multiple myeloma, or MM, and CFT8919, an EGFR L858R degrader for non-small-cell lung cancer, or NSCLC. We are also advancing a discovery pipeline in collaboration with Merck KGaA, and Roche.

Written from the business description in C4 Therapeutics, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 35.9M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 35.9 · Net income -105.0
20M40M-50M-100M2019202020212022202320242025
Compound annual growth
+5.0%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−292 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -320.5% · Net -292.1%
-200%-400%-600%2019202020212022202320242025
ROE
FY2025 · ROE -44.4%
-20%-40%-60%2019202020212022202320242025

Each USD of equity lost 44 cents this year.

Cash & shareholders
USD 86,000.00
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -99.3
20M40M-40M-80M2019202020212022202320242025
Net buybacks $ Dividends $
FY2025 · Dividends — · Net buybacks 86000.0
40000.080000.0-250000.0-500000.0201920202022202320242025

USD 86,000.00 in buybacks went back to shareholders in a year without profit.

Total assetsUSD 359.1M
EquityUSD 256.6M
CashUSD 74.6M
Current ratio7.81×

Equity funds 71% of total assets.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.00.00.00.00.0··
Operating income $B−0.1−0.1−0.1−0.1−0.1−0.1−0.0
EBITDA $B−0.1−0.1−0.1−0.1−0.1−0.1−0.0
Income tax $B0.00.00.00.00.0−0.00.0
Net income $B−0.1−0.1−0.1−0.1−0.1−0.1−0.0
Free cash flow $B−0.1−0.1−0.1−0.1−0.1−0.10.1
EPS, diluted $−1.27−1.52−2.67−2.62−1.82−5.83−31.03
Dividend / sh $·······
Payout %·······
ROE %−44.4−45.6−49.5−37.8−25.0−78.6·
Shares out B0.100.070.060.050.050.040.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 28 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 48 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2019

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