4D Molecular Therapeutics, Inc.FDMTNASDAQ
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R&D Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+34.6%
5Y CAGR+29.8%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
+34.6%/yr
vs +44.6%/yr prior
5Y CAGR
+29.8%/yr
Recent acceleration
Acceleration
-10.0pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
3.7x
Strong expansion
Streak
8 yr
Consecutive growthExpanding
PeriodValueYoY Change
2025$195.70M+38.5%
2024$141.30M+45.5%
2023$97.10M+21.0%
2022$80.25M+30.8%
2021$61.36M+15.7%
2020$53.04M+20.9%
2019$43.85M+138.8%
2018$18.36M+35.3%
2017$13.57M-