FATE Chart
About

Fate Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops programmed cellular immunotherapies for cancer and immune disorders in the United States and internationally. The company's chimeric antigen receptor (CAR)-targeted NK and T-cell product candidates include FT576 to treat multiple myeloma; FT836 whiuch is in preclinical stage for multiple tumor types; and FT522, to treat B-cell Lymphoma and autoimmunity. Its CAR T-cell programs include FT819 to treat systemic lupus erythematosus, and FT825 to treat solid tumors.It has a collaboration and option agreement with Ono Pharmaceutical Co. Ltd. for the development and commercialization of off-the-shelf, iPSC-derived CAR T-cell product candidates for the treatment of solid tumors. Fate Therapeutics, Inc. was incorporated in 2007 and is headquartered in San Diego, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 185.14M
Enterprise Value 50.70M Income -156.09M Sales 7.14M
Book/sh 2.03 Cash/sh 1.87 Dividend Yield —
Payout 0.00% Employees 181 IPO —
P/E — Forward P/E -1.42 PEG —
P/S 25.94 P/B 0.79 P/C —
EV/EBITDA -0.35 EV/Sales 7.10 Quick Ratio 7.74
Current Ratio 7.87 Debt/Eq 33.86 LT Debt/Eq —
EPS (ttm) -1.33 EPS next Y -1.13 EPS Growth —
Revenue Growth -43.40% Earnings 2026-03-04 ROA -23.85%
ROE -52.35% ROIC — Gross Margin 0.00%
Oper. Margin -19.95% Profit Margin 0.00% Shs Outstand 115.35M
Shs Float 100.71M Short Float 11.28% Short Ratio 6.58
Short Interest — 52W High 1.94 52W Low 0.66
Beta 2.25 Avg Volume 1.52M Volume 1.40M
Target Price $4.94 Recom Buy Prev Close $1.62
Price $1.60 Change -0.93%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.94
Mean price target
2. Current target
$1.61
Latest analyst target
3. DCF / Fair value
$-9.57
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.61
Low
$2.00
High
$8.00
Mean
$4.94

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-10-31 up HC Wainwright & Co. Neutral → Buy $5
2025-10-27 up Wedbush Neutral → Outperform $7
2025-10-27 reit Needham Hold → Hold —
2025-08-13 main Wells Fargo Equal-Weight → Equal-Weight $3
2025-06-12 reit Needham Hold → Hold —
2025-05-14 main Barclays Overweight → Overweight $2
2025-05-14 main Baird Neutral → Neutral $4
2025-05-14 reit Needham Hold → Hold —
2025-03-06 main Stifel Hold → Hold $3
2025-03-06 reit Wedbush Neutral → Neutral $5
2025-03-06 main Wells Fargo Equal-Weight → Equal-Weight $4
2025-03-06 reit Needham Hold → Hold —
2024-11-19 reit Needham — → Hold —
2024-11-13 reit Needham — → Hold —
2024-08-22 reit HC Wainwright & Co. Neutral → Neutral $5
2024-08-14 reit Needham — → Hold —
2024-06-17 up Piper Sandler Neutral → Overweight $6
2024-05-16 main HC Wainwright & Co. Neutral → Neutral $5
2024-05-10 main Canaccord Genuity Buy → Buy $9
2024-05-10 main BMO Capital Market Perform → Market Perform $6
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 100000 — — Stock Award(Grant) at price 0.00 per share. TAHL CINDY R Officer — 2026-01-15 00:00:00 D
1 335000 — — Stock Award(Grant) at price 0.00 per share. VALAMEHR BAHRAM Chief Executive Officer — 2026-01-15 00:00:00 D
2 25000 — — Stock Award(Grant) at price 0.00 per share. ADAWI KAMAL Chief Financial Officer — 2026-01-15 00:00:00 D
3 10589 11275.0 — Sale at price 1.06 per share. TAHL CINDY R Officer — 2026-01-09 00:00:00 D
4 5190 5557.0 — Sale at price 1.07 per share. VALAMEHR BAHRAM Chief Executive Officer — 2026-01-09 00:00:00 D
5 75000 — — Stock Award(Grant) at price 0.00 per share. ADAWI KAMAL Chief Financial Officer — 2025-10-20 00:00:00 D
6 9037 9573.0 — Sale at price 1.06 per share. TAHL CINDY R Officer — 2025-08-04 00:00:00 D
7 14466 15396.0 — Sale at price 1.06 per share. VALAMEHR BAHRAM Chief Executive Officer — 2025-08-04 00:00:00 D
8 70000 — — Stock Award(Grant) at price 0.00 per share. TAHL CINDY R Officer — 2025-01-15 00:00:00 D
9 65000 — — Stock Award(Grant) at price 0.00 per share. BRESSI JEROME CHARLES Officer — 2025-01-15 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-162.66M-174.74M-314.94M-214.68M
TotalUnusualItems-13.92M2.52M20.31M3.53M
TotalUnusualItemsExcludingGoodwill-13.92M2.52M20.31M3.53M
NetIncomeFromContinuingOperationNetMinorityInterest-186.26M-160.93M-281.72M-212.15M
ReconciledDepreciation18.96M18.28M13.76M5.85M
EBITDA-176.58M-172.23M-294.63M-211.14M
EBIT-195.54M-190.51M-308.39M-216.99M
NetInterestIncome17.29M17.19M5.84M1.31M
InterestExpense0.00
InterestIncome17.29M17.19M5.84M1.31M
NormalizedIncome-172.34M-163.44M-302.03M-215.69M
NetIncomeFromContinuingAndDiscontinuedOperation-186.26M-160.93M-281.72M-212.15M
TotalExpenses209.17M254.04M404.69M272.84M
TotalOperatingIncomeAsReported-210.28M-190.51M-308.39M-216.99M
DilutedAverageShares113.69M98.41M96.83M94.75M
BasicAverageShares113.69M98.41M96.83M94.75M
DilutedEPS-1.64-1.64-2.91-2.24
BasicEPS-1.64-1.64-2.91-2.24
DilutedNIAvailtoComStockholders-186.26M-160.93M-281.72M-212.15M
NetIncomeCommonStockholders-186.26M-160.93M-281.72M-212.15M
NetIncome-186.26M-160.93M-281.72M-212.15M
NetIncomeIncludingNoncontrollingInterests-186.26M-160.93M-281.72M-212.15M
NetIncomeContinuousOperations-186.26M-160.93M-281.72M-212.15M
PretaxIncome-186.26M-160.93M-281.72M-212.15M
OtherIncomeExpense-8.01M12.40M20.82M3.53M
OtherNonOperatingIncomeExpenses5.91M9.88M516.00K
SpecialIncomeCharges-14.74M0.00
ImpairmentOfCapitalAssets14.74M0.00
GainOnSaleOfSecurity819.00K2.52M20.31M3.53M
NetNonOperatingInterestIncomeExpense17.29M17.19M5.84M1.31M
InterestExpenseNonOperating0.00
InterestIncomeNonOperating17.29M17.19M5.84M1.31M
OperatingIncome-195.54M-190.51M-308.39M-216.99M
OperatingExpense209.17M254.04M404.69M272.84M
ResearchAndDevelopment135.00M172.60M320.45M215.52M
SellingGeneralAndAdministration74.17M81.45M84.23M57.32M
GeneralAndAdministrativeExpense74.17M81.45M84.23M57.32M
OtherGandA74.17M81.45M84.23M57.32M
TotalRevenue13.63M63.53M96.30M55.85M
OperatingRevenue13.63M63.53M96.30M55.85M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber113.93M98.63M97.29M95.73M
ShareIssued113.93M98.63M97.29M95.73M
TotalDebt85.27M103.54M109.34M114.82M
TangibleBookValue318.72M368.41M483.94M678.84M
InvestedCapital318.72M368.41M483.94M678.84M
WorkingCapital253.39M292.45M388.02M552.13M
NetTangibleAssets318.73M368.42M483.94M678.84M
CapitalLeaseObligations85.27M103.54M109.34M114.82M
CommonStockEquity318.72M368.41M483.94M678.84M
PreferredStockEquity3.00K3.00K3.00K3.00K
TotalCapitalization318.73M368.42M483.94M678.84M
TotalEquityGrossMinorityInterest318.73M368.42M483.94M678.84M
StockholdersEquity318.73M368.42M483.94M678.84M
GainsLossesNotAffectingRetainedEarnings268.00K15.00K-1.85M-762.00K
OtherEquityAdjustments268.00K15.00K-1.85M-762.00K
RetainedEarnings-1.40B-1.21B-1.05B-769.08M
AdditionalPaidInCapital1.72B1.58B1.54B1.45B
CapitalStock117.00K102.00K100.00K99.00K
CommonStock114.00K99.00K97.00K96.00K
PreferredStock3.00K3.00K3.00K3.00K
TotalLiabilitiesNetMinorityInterest121.97M137.80M221.62M242.62M
TotalNonCurrentLiabilitiesNetMinorityInterest83.45M98.71M107.57M161.33M
OtherNonCurrentLiabilities5.07M800.00K
DerivativeProductLiabilities527.00K1.35M3.86M24.17M
NonCurrentDeferredLiabilities0.0027.12M
NonCurrentDeferredRevenue0.0027.12M
LongTermDebtAndCapitalLeaseObligation77.85M97.36M103.71M109.24M
LongTermCapitalLeaseObligation77.85M97.36M103.71M109.24M
CurrentLiabilities38.52M39.09M114.05M81.28M
OtherCurrentLiabilities4.00M3.20M
CurrentDeferredLiabilities393.00K685.00K42.23M21.48M
CurrentDeferredRevenue393.00K685.00K42.23M21.48M
CurrentDebtAndCapitalLeaseObligation7.42M6.18M5.63M5.58M
CurrentCapitalLeaseObligation7.42M6.18M5.63M5.58M
PayablesAndAccruedExpenses30.71M32.23M62.20M51.02M
CurrentAccruedExpenses21.35M27.51M53.93M42.41M
Payables9.37M4.72M8.27M8.61M
AccountsPayable9.37M4.72M8.27M8.61M
TotalAssets440.69M506.22M705.56M921.46M
TotalNonCurrentAssets148.78M174.68M203.49M288.04M
OtherNonCurrentAssets10.24M15.19M15.26M15.26M
NonCurrentAccountsReceivable7.20M9.87M
InvestmentsAndAdvances27.66M980.00K4.94M100.66M
InvestmentinFinancialAssets27.66M980.00K4.94M100.66M
AvailableForSaleSecurities27.66M980.00K4.94M100.66M
NetPPE110.89M158.51M176.09M162.25M
AccumulatedDepreciation-35.14M-47.63M-30.38M-16.95M
GrossPPE146.03M206.14M206.47M179.19M
Leases59.48M59.04M56.78M52.95M
ConstructionInProgress0.00
OtherProperties35.90M78.85M77.35M50.25M
MachineryFurnitureEquipment4.14M6.57M6.27M5.28M
BuildingsAndImprovements105.99M120.71M122.85M123.67M
Properties0.000.000.000.00
CurrentAssets291.91M331.54M502.07M633.41M
OtherCurrentAssets9.30M14.54M27.37M8.83M
PrepaidAssets8.83M
Receivables3.54M1.83M38.48M8.68M
AccountsReceivable3.54M1.83M38.48M8.68M
CashCashEquivalentsAndShortTermInvestments279.07M315.18M436.23M615.91M
OtherShortTermInvestments243.01M273.31M374.89M482.33M
CashAndCashEquivalents36.06M41.87M61.33M133.58M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-123.60M-138.42M-283.77M-213.57M
RepaymentOfDebt0.00
IssuanceOfCapitalStock74.53M0.000.00411.74M
CapitalExpenditure-730.00K-6.15M-35.57M-50.70M
InterestPaidSupplementalData0.00
EndCashPosition46.28M57.05M76.56M148.81M
BeginningCashPosition57.05M76.56M148.81M182.57M
ChangesInCash-10.76M-19.51M-72.25M-33.76M
FinancingCashFlow99.89M85.00K9.21M453.13M
CashFlowFromContinuingFinancingActivities99.89M85.00K9.21M453.13M
NetOtherFinancingCharges5.07M
ProceedsFromStockOptionExercised20.29M85.00K9.21M41.39M
NetCommonStockIssuance74.53M0.000.00411.74M
CommonStockIssuance74.53M0.000.00411.74M
NetIssuancePaymentsOfDebt0.00
NetLongTermDebtIssuance0.00
LongTermDebtPayments0.00
InvestingCashFlow12.22M112.67M166.75M-324.02M
CashFlowFromContinuingInvestingActivities12.22M112.67M166.75M-324.02M
NetInvestmentPurchaseAndSale12.95M118.82M202.32M-273.32M
SaleOfInvestment330.70M477.63M607.11M694.84M
PurchaseOfInvestment-317.75M-358.81M-404.80M-968.16M
NetPPEPurchaseAndSale-730.00K-6.15M-35.57M-50.70M
PurchaseOfPPE-730.00K-6.15M-35.57M-50.70M
OperatingCashFlow-122.87M-132.26M-248.21M-162.87M
CashFlowFromContinuingOperatingActivities-122.87M-132.26M-248.21M-162.87M
ChangeInWorkingCapital-1.96M19.18M-34.71M2.10M
ChangeInOtherWorkingCapital-4.42M-1.41M-828.00K2.40M
ChangeInPayablesAndAccruedExpense-1.66M-28.94M14.25M5.91M
ChangeInPrepaidAssets5.24M12.88M-18.33M-3.05M
ChangeInReceivables-1.11M36.65M-29.80M-3.16M
ChangesInAccountReceivables-1.11M36.65M-29.80M-3.16M
OtherNonCashItems-1.71M-40.86M-24.01M-18.10M
StockBasedCompensation41.50M43.46M78.73M54.36M
AssetImpairmentCharge14.74M0.00
AmortizationOfSecurities-9.08M-11.40M-256.00K5.07M
DepreciationAmortizationDepletion18.96M18.28M13.76M5.85M
DepreciationAndAmortization18.96M18.28M13.76M5.85M
OperatingGainsLosses942.00K
GainLossOnSaleOfPPE942.00K0.00
NetIncomeFromContinuingOperations-186.26M-160.93M-281.72M-212.15M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for FATE
Date User Asset Broker Type Position Size Entry Price Patterns