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Nasdaq · Healthcare

X4 Pharmaceuticals, Inc (XFOR)

As-reported financials and SEC filings for X4 Pharmaceuticals, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About X4 Pharmaceuticals, Inc

X4 Pharmaceuticals, Inc is a biopharmaceutical company focused on developing and commercializing treatments for rare hematology diseases. Its main product, XOLREMDI (mavorixafor), is an oral therapy approved in the U.S. for patients 12 years and older with WHIM syndrome, a rare immunodeficiency disorder. The company is also conducting clinical trials to evaluate mavorixafor for treating chronic neutropenia, a rare blood condition characterized by low neutrophil levels and increased infection risk.

Snapshot

Revenue
$35.1M
Revenue growth (YoY)
1273.2%
Net income
$-79.2M
Diluted EPS
$-1.87
Gross margin
Operating margin
Net margin
FCF margin
ROE
-42.5%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$400.6M
Long-term debt / equity
0.40×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at X4 Pharmaceuticals

  • Revenue grew 1273.2% to $35M in FY2025.
  • Most recent quarter Q2 FY2026: revenue $9M, up 346.3% from Q2 FY2025.
  • Free cash flow was negative $86M in FY2025.
  • Net loss widened to $79M in FY2025, from $37M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where X4 Pharmaceuticals’s fundamentals sit among the 71 biotech companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Revenue growth (YoY)+1273.2%
97th percentile of 64
ROE-42.5%
40th percentile of 61
Long-term debt / equity0.40×
63rd percentile of 20
Short interest8.92d
57th percentile of 71

X4 Pharmaceuticals’s revenue growth of +1273.2% ranks in the 97th percentile of the 64 biotech companies reporting it.

No reported insider purchases (code P) in the last 90 days; 3 insider sales totaling $356,485. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+3 quant / multi-strat
Initiated / added
3
2 new, 1 added
Reduced / exited
1
0 trimmed, 1 exited
Combined position
$367,052
reported long value
InvestorAs ofPosition valueSharesChange
Point72 Asset ManagementquantQ2 2026$191,80641.1KNew
Two Sigma InvestmentsquantQ2 2026$90,71919.4KAdded
Renaissance TechnologiesquantQ2 2026$84,52718.1KNew

No longer held by: Millennium Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
3
$356K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-12
filed 2026-08-13
Craig Adam RExecutive ChairmanSell47.4K$4.44$211K
2026-08-12
filed 2026-08-13
Volpone JohnPresidentSell24.6K$4.44$109K
2026-06-30
filed 2026-07-01
KIRSKE DAVIDChief Financial OfficerSell8.5K$4.26$36K
2026-05-12
filed 2026-05-13
KIRSKE DAVIDChief Financial OfficerSell17.0K$4.29$73K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
7.2M
settled 2026-08-14
Change vs prior
-1.9%
vs previous settlement
Days to cover
8.92
at avg daily volume
Avg daily volume
803.6K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-147.2M-1.9%8.92
2026-07-317.3M+12.3%12.75
2026-07-156.5M+18.1%9.79
2026-06-305.5M+31.7%3.47
2026-06-154.2M+24.0%9.92
2026-05-293.4M+15.3%9.28
2026-05-152.9M-6.2%8.49
2026-04-303.1M-0.9%8.35

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$35.1M$2.6M$0$0$0
Gross profit$29.4M$1.8M
Operating income$-86.9M$-36.4M$-107.5M$-87.6M$-85.1M
Net income$-79.2M$-37.5M$-101.2M$-93.9M$-88.7M
Diluted EPS$-1.87$-5.59$-17.07$-16.72$-43.89

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-85.6M$-130.9M$-96.5M$-77.1M$-70.9M
Capital expenditure$0$326,000$60,000$103,000$615,000
Free cash flow$-85.6M$-131.2M$-96.6M$-77.2M$-71.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$8.8M346.3%$-16.2M$-0.13
Q1 FY2026$2.7M-90.6%$-20.2M$-0.16
Q4 FY2025$2.6M79.1%$-23.9M$-0.22
Q3 FY2025$1.8M215.2%$-29.8M
Q2 FY2025$2.0M250.4%$-25.7M
Q1 FY2025$28.8M$282,000
Q4 FY2024$1.4M$-39.8M
Q3 FY2024$560,000$-36.7M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryBiological Products, (No Diagnostic Substances)
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2010
SEC CIK1501697

Selected SEC filings

10-K2026-03-17
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
10-Q2025-11-05
View on EDGAR →
8-K2026-07-01
View on EDGAR →
8-K/A2026-05-13
View on EDGAR →
8-K2026-05-12
View on EDGAR →
8-K2025-11-05
View on EDGAR →

Largest biotech peers

All biotech stocksAll Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.