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MARKETS / NASDAQ / XFOR
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
▲ 1273.2% YoY
$-79.2M
$-85.6M
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
20M-40M-80M2016201720182019202020212022202320242025
Compound annual growth
+63.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +63.6% 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
−226 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -247.4% · Net -225.6%
-1000%-2000%2016201720182019202020212022202320242025
ROE
FY2025 · ROE -76.0%
-100%-200%2016201720182019202020212022202320242025

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-100M2016201720182019202020212022202320242025
Net buybacks $M Dividends $M
FY2023 · Dividends — · Net buybacks -60.0
-20M-40M20192020202120222023

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
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 %··········
ROE %−76.0−102.3−161.7−135.6−129.3−61.5−202.6···
Shares out B0.090.010.170.120.030.020.000.000.01·

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 38 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 53 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 since2016

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