EEDGAR/calls
The BriefMarketsAll StocksNewsScreenerCommunity

Get the Brief in your inbox

A daily, SEC-grounded read on the market — movers, earnings, and our boldest calls. Free.

EEDGAR/calls

SEC-grounded equity research — opinionated calls reasoned over real filings.

Research

  • The Brief
  • Markets
  • All Stocks
  • Screener
  • Discover
  • Research
  • The Flip Side
  • Track record

Tools

  • Compare
  • Congress trades
  • Events
  • Filing search
  • Groups
  • Trending
  • News

More

  • Pricing
  • Community
  • Newsletter
  • Developers / API
  • Account
DisclosuresTermsPrivacy

Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. EDGAR/calls is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

EEDGAR/calls
The BriefMarketsAll StocksNewsScreenerCommunity

Pulling SEC filings + quote and writing the call…

EEDGAR/calls
The BriefMarketsAll StocksNewsScreenerCommunity
← New search
Home›Stocks›FBRX

FBRX

Forte Biosciences, Inc.

Next earnings Aug 12, 2026 · consensus $-1.05 EPS

Last earnings -2.8% on 2026-05-14

Avoid
$21.03
▲ +12.40%
$21.03▲ +64.81%
over 1Y
L $9.45EODHDH $35.53
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+12.4%
1W+15.0%
1M-2.0%
3M-17.5%
YTD-10.9%
1Y+64.8%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Avoid
Quality
F
Valuation
Fair value
Filings
Watch
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 11 analysts
Buy

Conservative balance sheet (liabilities/equity 0.36x); but revenue fell -99.8% YoY.

Revenue (FY2019) $36.0K · FY2019

Forte Biosciences, Inc. shows $36.0K in FY2019 revenue (-99.8% YoY), a -192708.3% net margin, and -113.7% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue—————
Gross profit—————
Operating income-$21.5M-$13.9M-$32.5M-$36.6M-$70.7M
Net income-$21.7M-$13.9M-$31.5M-$35.5M-$69.4M
Diluted EPS-$1.55-$0.80-$24.92-$12.17-$4.71
Net margin—————

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$241M
EV / EBITDA—
EV / Sales6701.7
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-23.8%
FCF yield-17.5%

Quality & risk

ROIC (est.)-64.0%
Free cash flow-$51.0M
Total debt$26.2M
Net cash$50.8M
Altman Z-Score2.31 grey
Piotroski F-Score1/8

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+111.0%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Some governance/structural items recently, but no outright red flags.
  1. S-3/A Shelf registration (potential raise)2026-06-08
  2. 8-K Officer / director change2026-06-02
  3. S-3 Shelf registration (potential raise)2026-06-02
  4. 8-K Earnings results2026-05-14
  5. 10-Q Quarterly report2026-05-11
  6. DEF 14A Proxy statement2026-04-29
  7. 8-K Material agreement2026-04-09
  8. 8-K Earnings results2026-04-01
  9. 10-K Annual report2026-03-31

Recent filings

all on EDGAR ↗
4Period ending 2026-06-162026-06-17open ↗4Period ending 2026-06-162026-06-17open ↗EFFECTFiling2026-06-10open ↗SCHEDULE 13GFiling2026-06-08open ↗S-3/AFiling2026-06-08open ↗4Period ending 2026-05-292026-06-02open ↗S-3Filing2026-06-02open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-292026-06-02open ↗

Quality score

F
ValueGrowthProfitHealthMom.
ValueF
GrowthF
ProfitabilityF
Financial healthB-
Momentum—
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✓Liabilities below 2× equity
Revenue
$36.0K
-99.8% YoY
Net margin
-192708.3%
ROE
-113.7%
P/E
—

SEC fundamentals · FY 2025

■ revenue · ■ net income, by fiscal year

Revenue$36.0K-99.8%
Net income-$69.4M-95.5%
Operating income-$70.7M-93.0%
Diluted EPS-$4.71+61.3%
Cash & equivalents$77.0M+246.0%
Total assets$82.8M+34.5%
Total liabilities$21.8M+139.9%
Stockholders' equity$61.0M+16.2%
Op.: -196269.4%L/E: 0.36x

Frequently asked

Is Forte Biosciences, Inc. (FBRX) a buy?
FBRX currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Conservative balance sheet (liabilities/equity 0.36x); but revenue fell -99.8% YoY.
What is Forte Biosciences, Inc.'s quality score?
FBRX scores 30.450980392156858/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001419041, latest 10-Q filed 2026-05-11) · EODHD · as of 6/26/2026, 7:29:01 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Earnings history

beat/miss · move
2026-05-14Miss -1.7% est▼ -2.84%8-K ↗
2026-04-01Miss -1.7% est▼ -4.02%8-K ↗
2025-11-14Beat +9.1% est▲ +1.73%8-K ↗
2025-08-14Beat +15.0% est▲ +2.37%8-K ↗
2025-05-15—▲ +3.03%8-K ↗
2025-04-04—▼ -10.64%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Top Midday GainersBullish
finance.yahoo.com· 2026-04-09
After-Hours Gainers: GH Research, Phathom, Forte, OKYO, Zai Lab, LifeMD, Werewolf & Corvus RallyBullish
nasdaq.com· 2026-01-05
Forte Biosciences Tops Q2 Loss ForecastsBullish
nasdaq.com· 2025-08-14
Forte Biosciences stock falls after pricing capital raise of $75M via securities offeringBullish
seekingalpha.com· 2025-06-25
Forte Biosciences Announces Pricing of $75 Million Public OfferingBullish
investing.com· 2025-06-25
Forte's celiac disease drug shows positive results in Phase 1b trialBullish
investing.com· 2025-06-23

Vs tracked universe

compare →

1043 tracked peers · median

EDGAR Score30 vs 67
Revenue growth-99.8% vs 7.1%
Net margin-192708.3% vs 10.5%
Return on equity-113.7% vs 12.3%
P/E— vs 25.5