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FATEFate Therapeutics, Inc.
$3.02$352M
Overview & Verdict
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FATE logoFate Therapeutics, Inc.(FATE)Earnings, Financials & Key Ratios

FATE•NASDAQ
$3.02
Price updated Jul 7, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryCell and Gene Therapy Developers
AboutFate Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops programmed cellular immunotherapies for cancer and immune disorders worldwide. Its NK- and T-cell immuno-oncology programs under development include FT516 for the treatment of acute myeloid leukemia (AML) B-cell lymphoma, and advanced solid tumor; FT596 to treat B-cell lymphoma and chronic lymphocytic leukemia; FT538 to treat AML and multiple myeloma; FT576 to treat multiple myeloma; FT819 to treat hematologic malignancies and solid tumors; FT536 to treat solid tumors; and FT500 for the treatment of advanced solid tumors. The company has a collaboration and option agreement with Ono Pharmaceutical Co. Ltd. for the development and commercialization of two off-the-shelf iPSC-derived CAR T-cell product candidates; strategic research collaboration and license agreement with Juno Therapeutics, Inc. to screen for and identify small molecule modulators that enhance the therapeutic properties of genetically-engineered T-cell immunotherapies; and a collaboration and option agreement with Janssen Biotech, Inc. Fate Therapeutics, Inc. was incorporated in 2007 and is headquartered in San Diego, California.Show more
  • Revenue$7M-51.2%
  • EBITDA-$138M+27.7%
  • Net Income-$136M+26.8%
  • EPS (Diluted)-1.15+29.9%
  • Gross Margin-94.12%-194.1%
  • EBITDA Margin-2082.59%-48.4%
  • Operating Margin-2222.45%-44.1%
  • Net Margin-2051.08%-50.1%
  • ROE-51.84%+4.4%

FATE Price & Volume

Fate Therapeutics, Inc. (FATE) stock price & volume — 10-year historical chart

Loading chart...

Persistent Cash Burn Threatens iPSC Platform Viability

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Imminent liquidity and dilution

Key Thesis Takeaways

  • Fate Therapeutics faces a precarious outlook as its reliance on volatile, non-recurring milestone payments has failed to offset the high fixed-cost burden of its proprietary iPSC manufacturing infrastructure.
  • The company's inability to scale revenue, which contracted by 20.3% in 2026Q1, leaves it heavily dependent on external capital to sustain clinical operations.
  • Investors should remain cautious as the rapid depletion of cash reserves to $39.6M suggests an imminent risk of significant shareholder dilution or liquidity constraints.

Verdict Logic

the company's cash position has dwindled to $39.6M as of 2026Q1, creating a critical liquidity threshold that likely necessitates dilutive financing to maintain ongoing clinical development.

FATE Growth Metrics

Fate Therapeutics, Inc. (FATE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years10.58%
5 Years-26.71%
3 Years-58.98%
TTM-52.64%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM26.14%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM26.85%

Return on Capital

10 Years-42.13%
5 Years-40.42%
3 Years-42.5%
Last Year-43.12%

FATE Recent Earnings

Fate Therapeutics, Inc. (FATE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 13, 2026
Metric
Actual
Est
EPS
$0.26+10.3%
$0.29
Rev
$1M-12.9%
$1M
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$0.27+0.0%
$0.27
Rev
$1M+2.4%
$1M
Q4 2025
Nov 13, 2025
Metric
Actual
Est
EPS
$0.27+6.9%
$0.29
Rev
$2M+45.3%
$1M
Q3 2025
Aug 12, 2025
Metric
Actual
Est
EPS
$0.29+17.1%
$0.35
Rev
$2M+66.0%
$1M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 13, 2026
$0.26vs $0.29+10.3%
$1Mvs $1M-12.9%
Q1 2026Feb 26, 2026
$0.27vs $0.27+0.0%
$1Mvs $1M+2.4%
Q4 2025Nov 13, 2025
$0.27vs $0.29+6.9%
$2Mvs $1M+45.3%
Q3 2025Aug 12, 2025
$0.29vs $0.35+17.1%
$2Mvs $1M+66.0%
Based on last 12 quarters of dataView full earnings history →

Latest FATE News

Recent stock market news and headlines for Fate Therapeutics, Inc. (FATE)

GlobeNewsWire·1 day ago
Fate Therapeutics to Present Preliminary Clinical Data of FT819 Off-the-Shelf CAR T-Cell Product Candidate for Systemic Sclerosis at the ISSCR 2026 Annual Meeting

SAN DIEGO, July 06, 2026 (GLOBE NEWSWIRE) -- Fate Therapeutics, Inc. (NASDAQ: FATE), a clinical-stage biopharmaceutical company dedicated to bringing a transformative pipeline of induced pluripotent stem cell (iPSC)-derived cellular immunotherapies broadly to patients with cancer and autoimmune disease, today announced that preliminary clinical data from the Company's off-the-shelf CAR T-cell product candidate, FT819, will be presented at the International Society for Stem Cell Research (ISSCR) 2026 Annual Meeting, being held at the Palais des congrès de Montréal in Montréal, Canada on July 8 - 11, 2026.

Globe News Wire·1 day ago
Fate Therapeutics to Present Preliminary Clinical Data of FT819 Off-the-Shelf CAR T-Cell Product Candidate for Systemic Sclerosis at the ISSCR 2026 Annual Meeting

SAN DIEGO, July 06, 2026 (GLOBE NEWSWIRE) -- Fate Therapeutics, Inc. (NASDAQ: FATE), a clinical-stage biopharmaceutical company dedicated to bringing a transformative pipeline of induced pluripotent stem cell (iPSC)-derived cellular immunotherapies broadly to patients with cancer and autoimmune disease, today announced that preliminary clinical data from the Company's off-the-shelf CAR T-cell product candidate, FT819, will be presented at the International Society for Stem Cell Research (ISSCR) 2026 Annual Meeting, being held at the Palais des congrès de Montréal in Montréal, Canada on July 8 - 11, 2026.

GlobeNewsWire·6 days ago
Fate Therapeutics to Participate in Upcoming Third Quarter 2026 Conferences

SAN DIEGO, July 01, 2026 (GLOBE NEWSWIRE) --  Fate Therapeutics, Inc. (NASDAQ: FATE), a clinical-stage biopharmaceutical company dedicated to bringing a transformative pipeline of induced pluripotent stem cell (iPSC)-derived cellular immunotherapies to patients with cancer and autoimmune diseases, today announced that management will participate in the following investor conferences in the third quarter of 2026.

Seeking Alpha·Jun 24, 2026
Fate Therapeutics: FT819 Progress Keeps My Bull Case Alive

Fate Therapeutics is a bet on their off-the-shelf cell therapies, which are now mostly centered on FT819 for lupus nephritis. I believe FT819 has made good progress since the last time I covered the stock. They've reported broader autoimmune data and are now planning RECLAIM-LN. Unfortunately, I think their recent removal from the Russell 3000 index could be a near-term headwind for the stock price itself.

Peers Comparison

Key metrics vs top competitors for Fate Therapeutics, Inc. (FATE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FATE logoFATEFate Therapeutics, Inc.Current
$3.02$352.01M-2.63-51.24%-2051.08%-51.84%—
CRSP logoCRSPCRISPR Therapeutics AG
$60.77$5.86B-9.39-89.97%-13856.54%-30.88%—
NTLA logoNTLAIntellia Therapeutics, Inc.
$17.43$1.96B-4.5716.92%-597.04%-57.27%—
BEAM logoBEAMBeam Therapeutics Inc.
$37.92$3.9B-46.81120.01%-49.17%-5.89%—
EDIT logoEDITEditas Medicine, Inc.
$3.75$367.15M-2.0825.39%-281.59%-677.39%—
SANA logoSANASana Biotechnology, Inc.
$4.12$1.15B-4.29——-161.87%—

Compare FATE vs Peers

Fate Therapeutics, Inc. (FATE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CRSP

Most directly comparable listed peer for FATE.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare FATE against a more recognizable public peer.

Peer Set

Compare Top 5

vs CRSP, NTLA, BEAM, EDIT

FATE SEC Filings & Documents

Fate Therapeutics, Inc. (FATE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 13, 2026·SEC

Material company update

Feb 26, 2026·SEC

Material company update

Nov 13, 2025·SEC

10-K Annual Reports

4
FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 5, 2025·SEC

FY 2024

Feb 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 13, 2026·SEC

FY 2025

Nov 13, 2025·SEC

FY 2025

Aug 12, 2025·SEC

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FATE Frequently Asked Questions

Fate Therapeutics, Inc. (FATE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Fate Therapeutics, Inc.'s revenue?

Fate Therapeutics, Inc. (FATE) reported $6.3M in revenue for fiscal year 2025. This represents a 440% increase from $1.2M in 2011.

How fast is Fate Therapeutics, Inc. growing?

Fate Therapeutics, Inc. (FATE) saw revenue decline by 51.2% over the past year.

Is FATE profitable?

Fate Therapeutics, Inc. (FATE) reported a net loss of $129.9M for fiscal year 2025.

Dividend & Returns
What is FATE's return on equity?

Fate Therapeutics, Inc. (FATE) has a return on equity (ROE) of -51.8%. Negative ROE indicates the company is unprofitable.

What is Fate Therapeutics, Inc.'s free cash flow?

Fate Therapeutics, Inc. (FATE) had negative free cash flow of $108.1M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in FATE back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

See returns →