Fate Therapeutics (FATE)
NASDAQ:FATE
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Fate Therapeutics
(NASDAQ:FATE)
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Rating:50Neutral
Price Target:
$1.00
▼(-15.25% Downside)
Action:ReiteratedDate:02/27/26
The score is held back primarily by weak financial performance (steep revenue contraction, large ongoing losses, and persistent negative free cash flow), partially offset by improving technical momentum (price above key moving averages and positive MACD). Valuation remains challenging because profitability is negative and there is no dividend support.
Positive Factors
Off-the-shelf iPSC platform
Fate's iPSC-based, off-the-shelf NK and T-cell platform is a durable competitive advantage versus autologous therapies: it supports scalable manufacturing, faster patient access, lower per-dose complexity, and attractive partnership economics that can underpin long-term commercial opportunities across oncology indications.
Negative Factors
Steep revenue decline
A multi-year collapse in revenue materially weakens internal funding for R&D and operations. This structural drop increases dependence on milestone payments, partnerships, or capital markets to progress programs, and signals fading near-term partner-generated income that historically supported development.
Read all positive and negative factors
Positive Factors
Negative Factors
Off-the-shelf iPSC platform
Fate's iPSC-based, off-the-shelf NK and T-cell platform is a durable competitive advantage versus autologous therapies: it supports scalable manufacturing, faster patient access, lower per-dose complexity, and attractive partnership economics that can underpin long-term commercial opportunities across oncology indications.
Read all positive factors
Fate Therapeutics (FATE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$137.19M
Dividend YieldN/A
Average Volume (3M)1.48M
Price to Earnings (P/E)―
Beta (1Y)1.89
Revenue Growth-46.92%
EPS Growth20.26%
CountryUS
Employees181
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.27
Shares Outstanding116,263,460
10 Day Avg. Volume1,019,533
30 Day Avg. Volume1,481,139
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.56
Price to Sales (P/S)17.56
P/FCF Ratio-1.04
Enterprise Value/Market Cap1.23
Enterprise Value/Revenue25.34
Enterprise Value/Gross Profit-26.92
Enterprise Value/Ebitda-1.20
Forecast
1Y Price Target
$2.00Price Target Upside69.49% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)-1.14
Revenue Forecast (FY)$5.87M
Fate Therapeutics Business Overview & Revenue Model
Company Description
Fate 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 treatm...
How the Company Makes Money
Fate Therapeutics has historically generated revenue primarily from collaboration and partnership arrangements rather than from product sales, because it is a clinical-stage company and does not have widely marketed commercial products. Key revenu...
Fate Therapeutics Earnings Call Summary
Earnings Call Date:May 09, 2024
(Q1-2024)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant progress in clinical trials, particularly with FT819 and FT522, alongside a strong financial position. However, revenue growth remains limited and operating expenses are high, suggesting a balanced outlook with promising clinical achievements countered by financial challenges.Positive Updates
FT819 and FT522 Data Presentation
Presented promising data from FT819 and FT522 programs at the ASGCT Annual Meeting, showing potential disease-modifying effects and immune reset in B-cell-mediated autoimmune diseases.
Negative Updates
Limited Revenue Growth
Reported revenue of $1.9 million, consistent with prior quarters, reflecting limited growth.
Read all updates
Q1-2024 Updates
Positive
Negative
FT819 and FT522 Data Presentation
Presented promising data from FT819 and FT522 programs at the ASGCT Annual Meeting, showing potential disease-modifying effects and immune reset in B-cell-mediated autoimmune diseases.
Read all positive updates
Company Guidance
During the Fate Therapeutics Q1 2024 earnings call, the company provided guidance on its clinical and financial outlook. Key program initiatives were discussed, including the FT819 CAR T-cell and FT522 CAR NK cell programs, with notable translational data presented at the American Society of Gene and Cell Therapy Annual Meeting. The company highlighted its plans to achieve several clinical milestones across its iPSC product pipeline, targeting both cancer and autoimmune diseases. Financially, Fate Therapeutics raised $100 million through an underwritten offering and private placement, ending the first quarter with approximately $391 million in cash. Operating expenses for the full year are projected between $215 million and $230 million, with a year-end cash balance exceeding $270 million. The company's strategic focus is on demonstrating the disease-modifying potential of its therapies while maintaining a strong financial position to support ongoing and future clinical development.Fate Therapeutics Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
21
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.65M | 13.63M | 63.53M | 96.30M | 55.85M |
| Gross Profit | -6.25M | 13.63M | -93.65M | 82.54M | 50.00M |
| EBITDA | -127.02M | -176.58M | -172.23M | -294.63M | -211.14M |
| Net Income | -136.31M | -186.26M | -160.93M | -281.72M | -212.15M |
Balance Sheet | |||||
| Total Assets | 318.94M | 440.69M | 506.22M | 705.56M | 921.46M |
| Cash, Cash Equivalents and Short-Term Investments | 203.66M | 279.07M | 315.18M | 436.23M | 615.91M |
| Total Debt | 77.85M | 85.27M | 103.54M | 109.34M | 114.82M |
| Total Liabilities | 111.75M | 121.97M | 137.80M | 221.62M | 242.62M |
| Stockholders Equity | 207.18M | 318.73M | 368.42M | 483.94M | 678.84M |
Cash Flow | |||||
| Free Cash Flow | -112.04M | -123.60M | -138.42M | -283.77M | -213.57M |
| Operating Cash Flow | -106.08M | -122.87M | -132.26M | -248.21M | -162.87M |
| Investing Cash Flow | 111.17M | 12.22M | 112.67M | 166.75M | -324.02M |
| Financing Cash Flow | 5.49M | 99.89M | 85.00K | 9.21M | 453.13M |
Fate Therapeutics Technical Analysis
Negative
1.18
Price Trends
1.25
Negative
1.16
Positive
1.16
Positive
Market Momentum
-0.02
Negative
47.42
Neutral
34.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FATE, the sentiment is Negative. The current price of 1.18 is above the 20-day moving average (MA) of 1.17, below the 50-day MA of 1.25, and above the 200-day MA of 1.16, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 47.42 is Neutral, neither overbought nor oversold. The STOCH value of 34.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FATE.
Fate Therapeutics Risk Analysis
Fate Therapeutics disclosed 89 risk factors in its most recent earnings report. Fate Therapeutics reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Fate Therapeutics Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $216.53M | 4.04 | 55.68% | ― | -88.47% | -1658.33% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | $137.19M | -0.86 | -55.02% | ― | -46.92% | 20.26% | |
50 Neutral | $502.38M | -7.52 | -65.03% | ― | -84.46% | 33.32% | |
46 Neutral | $105.20M | -2.91 | -1292.68% | ― | ― | ― | |
45 Neutral | $106.65M | -4.09 | -82.00% | ― | -27.29% | 16.40% | |
44 Neutral | $164.68M | -1.32 | -30.02% | ― | ― | 25.84% |
* Healthcare Sector Average
FATE
Fate Therapeutics
1.18
0.26
28.40%
CGEN
Compugen
2.29
1.01
78.91%
ONCY
Oncolytics Biotech
0.91
0.39
74.37%
TSE:ONC
Oncolytics Biotech
―
―
―
CRDF
Cardiff Oncology
1.56
-1.05
-40.23%
NKTX
Nkarta
2.31
0.74
47.13%
STTK
Shattuck Labs
7.02
6.10
663.04%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.