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Forte Biosciences, Inc. FBRX

Nasdaq · stock · Pharmaceutical Preparations · website · IPO 2017-04-13

Forte Biosciences, Inc. statistics & valuation

Market cap$430.7M
P / B7.1×
Return on capital-113.9%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-64673.50% -91775.60% -254.20% -11288.90% 2016201720182019202020212022202320242025
Return on equity (%)
-54.80% -78.80% -52.20% -35.80% -89.10% -67.60% -113.70% 2016201720182019202020212022202320242025
Shares outstanding
2.2M 19.9M 23.0M 2.1M 12.8M 14.8M 21.0M 1.5M 6.4M 12.9M 2016201720182019202020212022202320242025
Net debt ($)
$4.7M -$32.3M -$14.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-94.70% -42.30% -47.50% -53.10% -75.90% -50.10% -33.00% -80.70% -57.60% -83.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-61355.10% -77531.70% -202.00% -8147.20% 2016201720182019202020212022202320242025
Debt / equity (×)
0.05× 2016201720182019202020212022202320242025
EPS ($)
-$1.55 -$0.80 -$24.92 -$12.17 -$4.71 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-11288.9%-254.2%-91775.6%-64673.5%
Net margin-11302.8%-271.4%-94948.8%-68322.4%
FCF margin-8147.2%-202.0%-77531.7%-61355.1%
Return on assets-83.8%-57.6%-80.7%-33.0%-50.1%-75.9%-53.1%-47.5%-42.3%-94.7%
Return on equity-113.7%-67.6%-89.1%-35.8%-52.2%-78.8%85.3%6651.5%-54.8%26.9%
Debt / equity-35.60×0.05×-0.08×
Current ratio3.886.7610.4513.0624.1926.523.935.915.232.26

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.