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X4 Pharmaceuticals, Inc income statement

In fiscal 2025, X4 Pharmaceuticals, Inc reported revenue of $35.1m, up 1250.5% on the year before, operating income of −$86.9m (a -247.4% margin) and net income of −$79.2m, or −$1.87 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue00300033515
Cost of revenue————00163
Gross profit————0022913
Research and development203042516172827366
General and administrative91821252736624434
Operating income−29−52−60−85−88−108−36−87−88
Interest expense123446999
Income before tax−33−53−62−89−94−101−37−79−90
Income tax00000000−0
Net income−33−53−62−89−94−101−37−79−90
Diluted EPS−$2374.50−$138.90−$92.70−$119.70−$45.60−$17.07−$5.59−$1.87—
Diluted shares (average)15m———2m6m7m42m—
EBITDA−29−52−60−85−87−107−36−86−86

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from X4 Pharmaceuticals, Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to X4 Pharmaceuticals, Inc.