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

Fate Therapeutics Inc. FATE

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$6.6M
▼ 51.2% YoY
$-136.3M
$-112.0M
In brief

What this company does

We have established a proprietary iPSC product platform and have amassed significant internal expertise in the production of off-the-shelf, multiplexed-engineered, T-cell and NK cell product candidates for therapeutic use. Utilizing our iPSC product platform, we are developing off-the-shelf, multiplexed-engineered T-cell and natural killer (NK) cell product candidates which are selectively designed and incorporate novel synthetic controls of cell function to uniquely enhance the therapeutic capacity of the drug product to deliver multiple therapeutic mechanisms to patients. We were incorporated in Delaware in 2007, and are headquartered in San Diego, California. As of December 31, 2025, we employed 161 employees, all of whom are full-time employees, including 27 in research and development, 103 in clinical development, manufacturing and regulatory affairs and 31 in general and administrative.

Written from the business description in FATE 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 6.6M
Revenue, FY2025 · full 18-year series below
Revenue $M Net income $M
FY2025 · Revenue 6.6 · Net income -136.3
40M80M-100M-200M2008201120142017202020232025
Compound annual growth
−59.0%
−26.7%
+10.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −26.7% a year over five years.

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
−2051 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -2222.4% · Net -2051.1%
-1000%-2000%2008201120142017202020232025
ROE
FY2025 · ROE -51.8%
-50%2008201120142017202020232025

Each USD of equity lost 52 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -112.0
-100M-200M2008201120142017202020232025
Net buybacks $ Dividends $
FY2011 · Dividends — · Net buybacks -7000.0
-2500.0-5000.02011

Total assetsUSD 318.9M
EquityUSD 207.2M
CashUSD 46.6M
Current ratio5.79×

Equity funds 65% of total assets.

The 18-year record
18 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 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B0.00.00.10.10.10.00.00.00.00.00.0·0.00.00.0···
Operating income $B−0.1−0.2−0.2−0.3−0.2−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0···
EBITDA $B−0.1−0.2−0.2−0.3−0.2−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0···
Income tax $B0.00.00.00.00.00.00.0···········
Net income $B−0.1−0.2−0.2−0.3−0.2−0.2−0.1−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.1−0.1−0.1−0.3−0.2−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0···
EPS, diluted $−1.15−1.64−1.64−2.91−2.24−2.10−1.44−1.19−1.02−1.05−1.18−1.27−3.54−13.06−16.16···
Dividend / sh $··················
Payout %··················
ROE %−51.8−54.2−37.8−48.5−39.9−55.1−48.4−56.0−57.1−60.2−90.4−65.4······
Shares out B0.120.110.100.100.100.090.080.060.050.040.030.020.020.00····

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 61 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 15 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2008

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