FHTX Foghorn Therapeutics Inc.

NEUTRAL Impact: 3/10 8-K
Horizon weeks Filed May 7, 2026 Processed 1mo ago SEC 0001628280-26-031669
8-K Item 2.02: Earnings release
Latest settled — T+20d
FHTX ▼ -13.33% at T+20d
NEUTRAL call ✗ call lost -13.33% · α vs SPY -16.47% · entry $4.20 → $3.64
Next anchor: T+60d in 8w
Currently $3.87 · -7.86% from $4.20 entry
Entry anchored
May 7, 2026
via day open
T+1d
+5.71%
call +5.71% · α +4.88%
$4.44
settled 5w ago
T+5d
-0.71%
call -0.71% · α -2.22%
$4.17
settled 27d ago
T+20d
-13.33%
call -13.33% · α -16.47%
$3.64
settled 5d ago
T+60d
call — · α —
in 8w

Price Chart

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Executive Summary

Foghorn Therapeutics reported Q1 2026 collaboration revenue of $3.3M (down from $6.0M YoY), net loss of $19.9M (vs $18.8M), and EPS of -$0.29 (vs consensus -$0.28, a slight miss). Cash stood at $183.6M, extended into H1 2028. Pipeline advances remain on track, with Phase 1 FHD-909 trial progressing and selective CBP/EP300 degraders approaching IND-enabling studies.

Actionable Insight

Monitor upcoming IND filings for CBP (FHT-171) and EP300 degraders in 2027 and Phase 1 efficacy data for FHD-909 as key catalysts. Cash runway into H1 2028 reduces near-term dilution risk.

Key Facts

  • Collaboration revenue $3.3M for Q1 2026, down from $6.0M YoY due to timing of work under Lilly agreement
  • Net loss $19.9M vs $18.8M YoY; EPS -$0.29 vs -$0.30 YoY
  • Cash, cash equivalents and marketable securities $183.6M as of March 31, 2026, providing runway into H1 2028
  • FHD-909 Phase 1 dose-escalation trial on track; IND-enabling studies for CBP and EP300 degraders expected in 2026 with INDs in 2027
  • Selected preclinical data presented at AACR 2026 showing combination activity with anti-PD-1 and KRAS inhibitors

Financial Impact

No material financial impact; company remains pre-revenue with collaboration revenue variability

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Risk Factors

  • Clinical trial delays or failures, particularly for FHD-909
  • Dependence on Lilly collaboration for revenue and development
  • Need for additional capital beyond 2028 runway

Market Snapshot

Exchange
Nasdaq
Sector
Pharmaceutical Preparations
Analyst Consensus
94% bullish (16 analysts)

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001628280-26-031669
Document: a2026mayfoghornirpresent.htm0001628280-26-031669
Document: fhtx-20260507.htm0001628280-26-031669
Document: 0001628280-26-031669-index-headers.html0001628280-26-031669
Document: 0001628280-26-031669-index.html0001628280-26-031669
Document: 0001628280-26-031669.txt0001628280-26-031669
8-K Data (Synthetic)0001628280-26-031669
3 reports for FHTX
Performance horizon

Track record builds as more directional reports settle.

Filters
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Reports for FHTX — sortable, filterable
Type Now
May 7, 2026
4w ago
8-K
NEUTRAL ★ 3/10
$4.20 $3.64▼ −13.33%▼ −16.47%$3.87 (−7.86%)
Apr 21, 2026
7w ago
Press Release
BULLISH ★ 7/10
$5.39 $3.60▼ −33.21%▼ −36.38%$3.87 (−28.20%)
Apr 21, 2026
7w ago
8-K
BULLISH ★ 7/10
$5.39 $3.60▼ −33.21%▼ −36.38%$3.87 (−28.20%)
Showing 3 of 3

US Market Status

Market Closed — Opens Thu (11h 13m)

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