X4 Pharmaceuticals Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	33.98	2.56	-	-	-	3
Cost of Revenue	5.7	0.8	-	-	-	-
Gross Profit	28.28	1.76	-	-	-	3
Selling, General & Admin	46.28	61.52	35.51	27.02	24.7	20.94
Research & Development	73.7	81.64	72.02	61.06	50.65	41.93
Operating Expenses	119.98	143.16	107.52	88.08	75.35	62.87
Operating Income	-91.7	-141.4	-107.52	-88.08	-75.35	-59.87
Interest Expense	-8.99	-8.77	-5.78	-3.99	-3.64	-2.69
Interest & Investment Income	3.86	5.77	4.58	0.22	0.01	0.27
Currency Exchange Gain (Loss)	-0.33	-0.33	0	-	-	-4.37
Other Non Operating Income (Expenses)	9.57	2.59	7.63	-2.5	0.06	4.84
EBT Excluding Unusual Items	-87.6	-142.14	-101.09	-94.35	-78.92	-61.82
Impairment of Goodwill	-	-	-	-	-9.76	-
Gain (Loss) on Sale of Assets	-	105	-	0.51	-	-
Other Unusual Items	-	-	-	-	-	-0.16
Pretax Income	-94.8	-37.14	-101.09	-93.84	-88.68	-61.98
Income Tax Expense	0.3	0.31	0.08	0.03	0.02	0.15
Net Income	-95.1	-37.45	-101.17	-93.87	-88.7	-62.13
Preferred Dividends & Other Adjustments	-	-	-	2.55	13.94	-
Net Income to Common	-95.1	-37.45	-101.17	-96.41	-102.64	-62.13
Shares Outstanding (Basic)	16	7	6	2	1	1
Shares Outstanding (Diluted)	16	7	6	2	1	1
Shares Change (YoY)	141.76%	13.08%	179.91%	146.71%	28.25%	74.13%
EPS (Basic)	-5.90	-5.59	-17.07	-45.53	-119.59	-92.84
EPS (Diluted)	-5.90	-5.59	-17.07	-45.53	-119.59	-92.84
Free Cash Flow	-103.13	-131.23	-96.57	-77.21	-71.52	-60.18
Free Cash Flow Per Share	-6.40	-19.58	-16.29	-36.46	-83.33	-89.92
Gross Margin	83.24%	68.83%	-	-	-	100.00%
Operating Margin	-269.87%	-5529.96%	-	-	-	-1995.80%
Profit Margin	-279.86%	-1464.61%	-	-	-	-2071.03%
Free Cash Flow Margin	-303.50%	-5132.07%	-	-	-	-2006.00%
EBITDA	-90.37	-140.61	-107.1	-87.57	-74.85	-59.52
D&A For EBITDA	1.33	0.8	0.42	0.51	0.5	0.35
EBIT	-91.7	-141.4	-107.52	-88.08	-75.35	-59.87

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q