FTH on Nasdaq
Faeth Therapeutics, Inc.
We are a clinical-stage biotechnology company focused on improving outcomes for cancer patients through multi-node inhibition of critical oncogenic pathways.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
- TickerFTH on Nasdaq1
- IndustryPharmaceutical Preparations1
- HeadquartersAustin, Texas1
- Incorporated inDE2
- Business address701 Tillery Street #12 #1010, Austin, Tx 787022
- Filer category, Emerging growth company2
- Legal formCorporation
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We are a clinical-stage biotechnology company focused on improving outcomes for cancer patients through multi-node inhibition of critical oncogenic pathways. On February 17, 2026, we completed the acquisition of Faeth Therapeutics, a clinical-stage biotechnology company developing multi-node therapies that target tumor metabolism and signaling. The Acquisition brought Faeth's lead asset, PIKTOR, a proprietary investigational all-oral combination of serabelisib and sapanisertib that inhibits multiple nodes of the PI3K/AKT/mTOR pathway, into our pipeline. In connection with the Acquisition, we received $200 million in gross proceeds from a private placement financing, or the 2026 Private Placement, from a broad syndicate of investors, including several leading life sciences funds, including B Group Capital, Balyasny Asset Management, Columbia Threadneedle Investments, Cormorant Asset Manag…3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development | $11.0M | $18.6M |
| General and administrative | $11.3M | $13.0M |
| Long-lived asset impairment | $0 | $951.0K |
| Total operating expenses | $22.3M | $32.6M |
| Loss from operations | -$22.3M | -$32.6M |
| Interest income | $1.2M | $2.5M |
| Interest expense | -$32.0K | -$90.0K |
| Other expense, net | -$4.0K | -$3.0K |
| Net loss | -$21.1M | -$30.2M |
| Net loss per common share, basic | -$16.72 | -$24.01 |
| Net loss per common share, diluted | -$16.72 | -$24.01 |
| Weighted-average number of shares used in computing net loss per common share, basic | 1.3M shares | 1.3M shares |
| Weighted-average number of shares used in computing net loss per common share, diluted | 1.3M shares | 1.3M shares |
| Net loss attributable to common stockholders | -$21.1M | -$30.2M |
| Unrealized gain on marketable securities | $14.0K | $196.0K |
| Total other comprehensive income | $14.0K | $196.0K |
| Total comprehensive loss | -$21.1M | -$30.0M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.8
| Period ending | 2025-12-31 | 2025-06-30 | 2025-05-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $8.7M | $10.0M | |||
| Marketable securities | $12.5M | $31.3M | |||
| Prepaid expenses | $231.0K | $474.0K | |||
| Other current assets | $92.0K | $120.0K | |||
| Total current assets | $21.5M | $41.9M | |||
| Right of use assets - operating leases, net | $1.3M | $2.8M | |||
| Right of use assets - financing leases, net | $1.0K | $163.0K | |||
| Property and equipment, net | $82.0K | $417.0K | |||
| Other non-current assets | $18.0K | $48.0K | |||
| Total assets | $22.9M | $45.4M | |||
| Accounts payable and accrued liabilities | $1.5M | $1.2M | |||
| Compensation and employee benefits liabilities | $1.3M | $1.9M | |||
| Operating lease liabilities, current | $1.4M | $1.6M | |||
| Financing lease liabilities, current | $80.0K | $732.0K | |||
| Total current liabilities | $4.3M | $5.4M | |||
| Operating lease liabilities, non-current | $59.0K | $1.4M | |||
| Financing lease liabilities, non-current | $0 | $98.0K | |||
| Total liabilities | $4.3M | $7.0M | |||
| Common stock, $0.0001 par value and 12,500,000 shares authorized as of December 31, 2025 and December 31, 2024; 1,261,685 and 1,258,940 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $0 | $0 | |||
| Additional paid-in capital | $301.7M | $300.5M | |||
| Accumulated deficit | -$283.1M | -$262.1M | |||
| Accumulated other comprehensive loss | $1.0K | -$13.0K | |||
| Total stockholders' equity | $18.6M | $38.4M | $64.9M | ||
| Total liabilities and stockholders' equity | $22.9M | $45.4M | |||
| Preferred stock, par value | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares | |||
| Common stock, par value | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 12.5M shares | 12.5M shares | 250.0M shares | 12.5M shares | |
| Common stock, shares issued | 1.3M shares | 1.3M shares | |||
| Common stock, shares outstanding | 1.3M shares | 1.3M shares |
| Period ending | 2025-12-31 | 2025-06-30 | 2025-05-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $8.7M | $10.0M | |||
| Marketable securities | $12.5M | $31.3M | |||
| Prepaid expenses | $231.0K | $474.0K | |||
| Other current assets | $92.0K | $120.0K | |||
| Total current assets | $21.5M | $41.9M | |||
| Right of use assets - operating leases, net | $1.3M | $2.8M | |||
| Right of use assets - financing leases, net | $1.0K | $163.0K | |||
| Property and equipment, net | $82.0K | $417.0K | |||
| Other non-current assets | $18.0K | $48.0K | |||
| Total assets | $22.9M | $45.4M | |||
| Accounts payable and accrued liabilities | $1.5M | $1.2M | |||
| Compensation and employee benefits liabilities | $1.3M | $1.9M | |||
| Operating lease liabilities, current | $1.4M | $1.6M | |||
| Financing lease liabilities, current | $80.0K | $732.0K | |||
| Total current liabilities | $4.3M | $5.4M | |||
| Operating lease liabilities, non-current | $59.0K | $1.4M | |||
| Financing lease liabilities, non-current | $0 | $98.0K | |||
| Total liabilities | $4.3M | $7.0M | |||
| Common stock, $0.0001 par value and 12,500,000 shares authorized as of December 31, 2025 and December 31, 2024; 1,261,685 and 1,258,940 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $0 | $0 | |||
| Additional paid-in capital | $301.7M | $300.5M | |||
| Accumulated deficit | -$283.1M | -$262.1M | |||
| Accumulated other comprehensive loss | $1.0K | -$13.0K | |||
| Total stockholders' equity | $18.6M | $38.4M | $64.9M | ||
| Total liabilities and stockholders' equity | $22.9M | $45.4M | |||
| Preferred stock, par value | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares | |||
| Common stock, par value | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 12.5M shares | 12.5M shares | 250.0M shares | 12.5M shares | |
| Common stock, shares issued | 1.3M shares | 1.3M shares | |||
| Common stock, shares outstanding | 1.3M shares | 1.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$21.1M | -$30.2M |
| Stock-based compensation expense | $1.3M | $3.1M |
| Depreciation and amortization | $122.0K | $551.0K |
| Accretion on marketable securities | -$699.0K | -$986.0K |
| Impairment of financing right-of-use asset assets | $0 | $609.0K |
| Impairment of equipment | $0 | $342.0K |
| Non-cash lease expense | $1.5M | $1.6M |
| Amortization of financing lease right-of-use assets | $17.0K | $771.0K |
| Prepaid expenses | $243.0K | $694.0K |
| Other assets | $80.0K | $244.0K |
| Accounts payable and accrued liabilities | $233.0K | -$445.0K |
| Compensation and employee benefits | -$562.0K | $666.0K |
| Operating lease liabilities | -$1.6M | -$1.6M |
| Other liabilities | $0 | -$67.0K |
| Net cash used in operating activities | -$20.5M | -$24.7M |
| Purchases of property and equipment | -$16.0K | -$146.0K |
| Purchases of short-term investments | -$25.2M | -$44.6M |
| Maturities of short-term investments | $44.7M | $67.2M |
| Proceeds from sale of property and equipment | $250.0K | $0 |
| Net cash provided by investing activities | $19.8M | $22.4M |
| Principal payments for financing leases | -$790.0K | -$811.0K |
| Proceeds from the sale of financing lease assets | $142.0K | $0 |
| Payment of employee restricted stock tax withholdings | -$3.0K | -$10.0K |
| Employee stock purchase plan proceeds | $5.0K | $34.0K |
| Cash in lieu of fractional shares for reverse stock split | -$1.0K | $0 |
| Exercise of options into common stock | $2.0K | $0 |
| Net cash used in financing activities | -$645.0K | -$787.0K |
| Net decrease in cash and cash equivalents | -$1.3M | -$3.0M |
| Issuance of equity in exchange for compensation included in compensation and employee benefits | $0 | $293.0K |
| Initial measurement of operating lease right-of-use assets | $0 | $28.0K |
| Initial measurement of operating lease liabilities | $0 | $28.0K |
| Initial measurement of finance lease right-of-use assets | $0 | $1.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Faeth Therapeutics, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerAnand Kiran Parikh Jun 16, 2026 to now11
- Chief executive officerJohn Celebi Feb 3, 2021 to Feb 26, 202512
- PresidentAnand Kiran Parikh Jun 16, 2026 to now11
- PresidentChristopher Gerry Nov 24, 2025 to Jun 16, 202613
- PresidentJohn Celebi Feb 3, 2021 to Feb 26, 202512
- Chief financial officerBrian C. Stephenson Jun 23, 2026 to now14
- Chief financial officerErin Colgan Feb 17, 2022 to Feb 16, 202415
- Chief operating officerAnand Kiran Parikh Feb 19, 2026 to now16
Board members and other officers (21)
- Principal Financial OfficerDavid G. Gaiero May 16, 2024 to May 16, 202417
- Principal Financial OfficerJosiah Craver Sep 26, 2024 to now18
- Chief Business OfficerStephanie Krebs Nov 2, 2023 to Feb 14, 202519
- Chief Business OfficerPatrick Stephen Gallagher Jun 3, 2022 to Sep 11, 202320
- Chief Business OfficerAnupama Hoey Feb 3, 2021 to Feb 5, 202121
- SVP of FinanceErin Colgan Feb 3, 2021 to Feb 5, 202122
- Chief Medical OfficerMarie-Louise Fjaellskog Feb 3, 2021 to Feb 5, 202123
- Board memberPhilip B. Donenberg Feb 17, 2026 to now24
- Board memberAnand Kiran Parikh Feb 19, 2026 to now16
- Board memberSaira Ramasastry Jun 16, 2026 to now25
- Board memberStephen M. Hahn Jun 16, 2026 to now26
- Board memberKaren Vousden Sep 15, 2026 to now27
- Board memberWilliam R. Ringo Mar 9, 2022 to now28
- Board memberBob Holmen Feb 3, 2021 to now29
- Board memberDeneen Vojta Feb 3, 2021 to Jun 13, 202430
- Board memberJames Peyer Feb 3, 2021 to now31
- Board memberJohn Celebi Feb 3, 2021 to Feb 26, 202512
- Board memberSamuel Broder Feb 3, 2021 to Jul 12, 202332
- Board memberThomas G. Ricks Feb 3, 2021 to now33
- Board memberJessie English Apr 5, 2021 to Jun 13, 202434
- Board memberKristian Humer Aug 2, 2021 to now35
Former names
- Sensei Biotherapeutics, Inc.Nov 12, 2020 to Jun 16, 20262
Timeline
Filings
336 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 74 major events, 166 insider forms, 25 large holders, 1 private raises, 48 other. The latest 20:
- Sep 17, 20268-K EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20263 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 2026144 EDGAR
- Aug 4, 20268-K EDGAR
- Aug 4, 202610-Q EDGAR
- Jul 28, 20263 EDGAR
- Jul 23, 20264 EDGAR
- Jul 23, 20264 EDGAR
- Jul 23, 20268-K EDGAR
- Jul 1, 20264 EDGAR
- Jun 26, 20264 EDGAR
- Jun 24, 20264 EDGAR
- Jun 24, 20264 EDGAR
- Jun 23, 20263 EDGAR
- Jun 23, 2026SCHEDULE 13G EDGAR
The 336 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
112 open-market trades by officers, directors and large owners since October 2021: 94 buys and 18 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 1, 2026 | STEPHENSON BRIAN CChief Financial Officer | Buy | 5,000 | $23.50 | $117.5K | Form 4 |
| Jun 30, 2026 | STEPHENSON BRIAN CChief Financial Officer | Buy | 7,803 | $24.25 | $189.2K | Form 4 |
| Jun 29, 2026 | STEPHENSON BRIAN CChief Financial Officer | Buy | 831 | $23.34 | $19.4K | Form 4 |
| Jun 26, 2026 | STEPHENSON BRIAN CChief Financial Officer | Buy | 6,250 | $24.95 | $155.9K | Form 4 |
| Jun 24, 2026 | STEPHENSON BRIAN CChief Financial Officer | Buy | 9,391 | $26.13 | $245.4K | Form 4 |
| Jun 23, 2026 | STEPHENSON BRIAN CChief Financial Officer | Buy | 9,230 | $24.36 | $224.8K | Form 4 |
| Jun 22, 2026 | Parikh Anand KiranPresident and CEO | Buy | 2,806 | $19.76 | $55.4K | Form 4 |
| Jun 22, 2026 | STEPHENSON BRIAN CChief Financial Officer | Buy | 8,183 | $22.13 | $181.1K | Form 4 |
| Jun 1, 2026 | Cambrian BioPharma Inc10% owner | Sale | 25,000 | $20.02 | $500.5K | Form 4 |
| Jun 1, 2026 | Peyer James10% owner | Sale | 25,000 | $20.02 | $500.5K | Form 4 |
| Apr 7, 2026 | ICS OPPORTUNITIES II LLC10% owner | Buy | 1,108 | $33.38 | $37.0K | Form 4 |
| Apr 7, 2026 | ICS OPPORTUNITIES II LLC10% owner | Sale | 8,151 | $31.01 | $252.8K | Form 4 |
| Apr 6, 2026 | ICS OPPORTUNITIES II LLC10% owner | Buy | 1,104 | $31.02 | $34.2K | Form 4 |
| Apr 6, 2026 | ICS OPPORTUNITIES II LLC10% owner | Sale | 1,259 | $31.05 | $39.1K | Form 4 |
| Apr 2, 2026 | ICS OPPORTUNITIES II LLC10% owner | Buy | 2,003 | $35.01 | $70.1K | Form 4 |
| Apr 2, 2026 | ICS OPPORTUNITIES II LLC10% owner | Sale | 7,666 | $32.12 | $246.2K | Form 4 |
| Apr 1, 2026 | MILLENNIUM MANAGEMENT LLC10% owner | Buy | 6,175 | $34.49 | $213.0K | Form 4 |
| Apr 1, 2026 | MILLENNIUM MANAGEMENT LLC10% owner | Sale | 1,150 | $31.65 | $36.4K | Form 4 |
| Mar 31, 2026 | MILLENNIUM MANAGEMENT LLC10% owner | Buy | 6,005 | $28.16 | $169.1K | Form 4 |
| Mar 31, 2026 | MILLENNIUM MANAGEMENT LLC10% owner | Sale | 1,591 | $25.49 | $40.6K | Form 4 |
All 112 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Caligan Partners LPSCHEDULE 13G/A, 2 filings May 15, 2026 to Aug 14, 202636
- Khosla Ventures VI, L.P.SCHEDULE 13G, 1 filing Aug 14, 202637
- STEMPOINT CAPITAL LPSCHEDULE 13G/A, 2 filings May 15, 2026 to Aug 14, 202638
- Trails Edge Capital Partners, LPSCHEDULE 13G/A, 2 filings Feb 25, 2026 to Aug 14, 202639
- MONTANOVA CAPITAL, LLCSCHEDULE 13G, 1 filing Jun 23, 202640
- S2G Investments, LLCSCHEDULE 13G, 1 filing Jun 23, 202641
- MILLENNIUM MANAGEMENT LLCSCHEDULE 13G/A, 2 filings May 15, 2026 to Jun 3, 202642
- Newtyn Management, LLCSC 13D/A, 3 filings Nov 3, 2023 to Mar 7, 202443
- Cambrian BioPharma IncSC 13G/A, 3 filings Jun 10, 2022 to Aug 4, 202344
- Apeiron Investment Group Ltd.SC 13D/A, 7 filings Feb 10, 2022 to Jun 2, 202345
- H&S INVESTMENTS I LPSC 13G, 1 filing Feb 14, 202246
Money raised
Private offerings the company reported to the SEC on Form D.
- Feb 17, 2026Raised $348.9 million in a private offering of equity Form D: 104 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 45. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12SEC EDGARJohn Celebi, Chief executive officer
- 13SEC EDGARChristopher Gerry, President
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- 15SEC EDGARErin Colgan, Chief financial officer
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- 21SEC EDGARAnupama Hoey, Chief Business Officer
- 22SEC EDGARErin Colgan, SVP of Finance
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- 24SEC EDGARPhilip B. Donenberg, Board member
- 25SEC EDGARSaira Ramasastry, Board member
- 26SEC EDGARStephen M. Hahn, Board member
- 27SEC EDGARKaren Vousden, Board member
- 28SEC EDGARWilliam R. Ringo, Board member
- 29SEC EDGARBob Holmen, Board member
- 30SEC EDGARDeneen Vojta, Board member
- 31SEC EDGARJames Peyer, Board member
- 32SEC EDGARSamuel Broder, Board member
- 33SEC EDGARThomas G. Ricks, Board member
- 34SEC EDGARJessie English, Board member
- 35SEC EDGARKristian Humer, Board member
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