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Foghorn Therapeutics (FHTX) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 5, 2025

Foghorn Therapeutics (FHTX) reported revenue of $7.6M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +27% from the quarter before. Operating margin was -279.2%, net loss $17.9M (237.3% of revenue).

Revenue$7.6M
Year over year+10%
Quarter over quarter+27%
Operating margin-279.2%
Net earnings−$17.9M

Foghorn Therapeutics, Q2 2025: revenue $7.6M (+10% year over year), operating margin -279.2%, net loss $17.9M, operating cash flow −$21.0M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$7.6M+27%+10%
Operating profit−$21.1M——
Net earnings−$17.9M——
Operating cash flow−$21.0M——

What changed

Revenue was $7.6M in Q2 2025, up 10% year over year and up 27% from the previous quarter.

Operating costs exceeded revenue by $21.1M, an operating margin of -279.2%. Total costs fell 15% while revenue rose 10%. The quarter ended with a net loss of $17.9M, narrower than the previous quarter's $18.8M loss.

Operating cash flow was −$21.0M. Non-cash charges added back $900K of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $6.7M. Capital expenditures of $22K exceeded it, leaving free cash flow of −$21.0M.

Questions

What was Foghorn Therapeutics' revenue in the second quarter 2025?

Foghorn Therapeutics (FHTX) reported revenue of $7.6M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +27% from the quarter before.

Was Foghorn Therapeutics profitable in the second quarter 2025?

Operating loss was $21.1M (-279.2% of revenue) and net loss $17.9M.

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Source: Foghorn Therapeutics 10-Q on SEC EDGAR.