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

X4 Pharmaceuticals, Inc. XFOR

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$35.1M
▲ 1250.5% YoY
$-79.2M
$-85.6M

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

In brief

What this company does

Our goal is to build a profitable company by generating income from products we develop and commercialize, either alone or with partners. Our primary asset is mavorixafor, a small molecule delivered in a capsule for oral dosing as a selective antagonist of the chemokine receptor, CXCR4. As of December 31, 2025, we had 45 full-time employees.

Written from the business description in X4 Pharmaceuticals, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 17 March 2026. Every sentence was checked against that document before publication.

Growth

USD 35.1M
Revenue, FY2025 · full 10-year series below
Revenue $M Net income $M
FY2025 · Revenue 35.1 · Net income -79.2
15M30M-50M-100M
2016201920222025
Compound annual growth
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

−226 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -247.4% · Net -225.6%
-500%-1000%-1500%
201620202025
ROE
FY2025 · ROE -76.0%
-50%-100%-150%
201620202025
Three returns, three denominators.

Each USD of equity lost 76 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -85.6
-50M-100M
201620202025
Net buybacks $M Dividends $M
FY2023 · Dividends · · Net buybacks -60.0
-25.0M-50.0M
20192020202120222023

Total assetsUSD 290.5M
EquityUSD 186.3M
CashUSD 217.0M
Gross debtUSD 75.0M
Net debtUSD -142.0M
Current ratio10.16×

The company holds more cash than debt.

The 10-year record

10 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—not applicable◌not available in our data
XFOR, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue $B0.00.00.00.00.00.00.00.0◌◌
Operating income $B−0.1−0.0−0.1−0.1−0.1−0.1−0.1−0.0−0.0−0.0
EBITDA $B−0.1−0.0−0.1−0.1−0.1−0.1−0.1−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.0◌◌
Net income $B−0.1−0.0−0.1−0.1−0.1−0.1−0.1−0.0−0.0−0.0
Free cash flow $B−0.1−0.1−0.1−0.1−0.1−0.1−0.0−0.0−0.0−0.0
EPS, diluted $−1.87−5.59−17.07−1.52−3.99−3.09−4.63−79.15−54.58−44.79
Dividend / sh $◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————
ROE %−76.0−102.3−161.7−135.6−129.3−61.5————
Shares out B0.090.170.170.120.030.020.000.000.01◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. 15 checks were skipped: cost of revenue is not tagged before 2022. Nine checks were skipped: EPS is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2016

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