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XFOR · Nasdaq · United States · Biological Products, (No Diagnostic Substances)
In shortX4 Pharmaceuticals, Inc is loss-making, burns cash and holds more cash than debt, with revenue growing (+1,250.5% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -247.4% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -225.6% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -76.0% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -26.3% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 10.16× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.40× | 89/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -9.79× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -1.48 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -243.8% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 2 | 17/100 |
| Revenue growth volatility | 954.9% | 0/100 |
| Operating margin volatility | 815.0% | 0/100 |
Weight in the score: 20%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 2.6 | 35 |
| Cost of revenue | – | 0 | 0 | 0.8 | 5.8 |
| Gross profit | – | 0 | 0 | 1.8 | 29 |
| Research & development | 51 | 61 | 72 | 82 | 73 |
| Operating income | (85) | (88) | (108) | (36) | (87) |
| Interest expense | 3.6 | 4 | 5.8 | 8.8 | 8.9 |
| Pre-tax income | (89) | (94) | (101) | (37) | (79) |
| Income tax | 0 | 0 | 0.1 | 0.3 | 0 |
| Net income | (89) | (94) | (101) | (37) | (79) |
| Diluted EPS | −$3.99 | −$1.52 | −$17.07 | −$5.59 | −$1.87 |
| Diluted shares (millions) | 26 | 64 | 5.9 | 6.7 | 42 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
−1.48 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 6, 2026