Company Analysis

C4 Therapeutics, Inc. (CCCC)

Nasdaq: CCCC · Biological Products, (No Diagnostic Substances) · Watertown, MA · filing with the SEC since 2016
Grade5.1
◀ Past 5.4● Present 5.1▶ Future 4.8
1 est.

The grade of C4 Therapeutics, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.1/10
◀ Past5.430% of the headline
● Present5.140% of the headline
▶ Future4.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.4/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
8.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 80th percentile among 159 sector filers · read for itself

From the record

C4 Therapeutics, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.9/10

What has it actually done, year after year?

-5.9% a year over 5 filed years; profitable in 0 of 5.

weight 45% of this tense · 39th percentile among 102 sector filers · read for its customers

From the record

C4 Therapeutics, Inc.'s 5 filed years say what it did: revenue went from $46 million in fiscal 2021 to $36 million in fiscal 2025, down 5.9% a year; it rose in 2 of 4 years; the deepest fall was 55% from fiscal 2021 to fiscal 2023; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-5.9%bottom 20% of its family
  • the share of years revenue rosebottom 42% of its family
  • the share of filed years with a profitbottom 31% of its family
  • the deepest fall from a revenue peak54.7%top 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
4.8/10

How has it treated the people who own it?

SI estimate 4.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 48th percentile among 146 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 48% of 146 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 146 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: C4 Therapeutics, Inc.'s shareholder treatment is put at 4.8 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 48% of 146 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.1/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.6/10

Is it financially healthy right now?

ROE -41%: lost 41¢ per shareholder dollar. Leverage 29%: owes 29¢ per asset dollar.

weight 45% of this tense · 56th percentile among 147 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, C4 Therapeutics, Inc. lost about 41 cents for every dollar of shareholders' money. Leverage: it owed about 29 cents per dollar of assets, and net share issuance: its share count grew 19.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 39% of its family
  • return on equitytop 40% of its family
  • the share count against the year beforebottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.1/10

How strong is its position in its industry?

top 49% of 102 in its family; net margin -292.1%.

weight 33% of this tense · 51st percentile among 102 sector filers · read for its customers

From the record

C4 Therapeutics, Inc.'s standing among 102 graded names in its industry family: revenue of $36 million in fiscal 2025 ranks in the top 47% by size; a net margin of -292.1% ranks in the bottom 50%; revenue growth of 4.9% a year over the last 3 filed years ranks in the top 49% (its annual reports).

What it rests on

  • revenue against the family$35.9Mtop 47% of its family
  • net margin-292.1%top 50% of its family
  • three-year revenue growth4.9%top 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.9/10

What are the people in charge doing?

bottom 39% of 110 in its family for leadership; chief executive since 2020.

weight 22% of this tense · 39th percentile among 110 sector filers · read for its shareholders

From the record

C4 Therapeutics, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Hirsch, Andrew (President & CEO, as filed), filing under that title since 2020-10-05, 6.1 years (top 33% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 3.3 years (bottom 17%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (bottom 33%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge10 in three years among 15 peoplebottom 33% of its family
  • the median years the people in charge have filed3.3 yearsbottom 17% of its family
  • the chief executive's years on the record6.1 yearstop 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.0/10

How much room does it have to grow?

bottom 50% of 92 in its family for room to expand.

weight 45% of this tense · 50th percentile among 92 sector filers · read for itself

From the record

C4 Therapeutics, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $78 million against no long-term debt tagged leaves 21.7% of its assets as net cash, bottom 44% of its family; cash from operations less capital spending is -276.2% of revenue (bottom 46%); research spending of 290% of revenue (top 40%) (its annual report).

What it rests on

  • cash less debt against assets21.7%bottom 44% of its family
  • cash from operations less capital spending against revenue-276.2%bottom 46% of its family
  • research spending against revenue290.0%top 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.7/10

What could actually drive growth from here?

bottom 47% of 100 in its family for growth drivers.

weight 33% of this tense · 47th percentile among 100 sector filers · read for its customers

From the record

C4 Therapeutics, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 4.9% a year over the last three filed years against -5.9% over all 5, speeding up (top 16% of its family); the newest year grew 1% (bottom 36%); research spending grew -4% a year (bottom 37%); capital spending grew -52% a year (bottom 29%) (its annual reports). C4 Therapeutics, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+10.8 points a yeartop 16% of its family
  • the newest year's revenue growth1.0%bottom 36% of its family
  • three-year growth of research spending-4.0%bottom 37% of its family
  • three-year growth of capital spending-52.0%bottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.8/10

Did its newest year beat what its own record pointed to?

bottom 48% of 72 in its family for expectations against reality.

weight 22% of this tense · 48th percentile among 72 sector filers · read for its shareholders

From the record

C4 Therapeutics, Inc.'s newest year against its own record: revenue of $36 million in fiscal 2025 came in 5.6% below the $38 million its prior three years' pace pointed to (bottom 36% of its family); net income of $105 million against a prior three-year average of $122 million (top 50%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 41%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-5.6%bottom 36% of its family
  • net income against the prior three years' average+14%top 50% of its family
  • net margin against its prior averageup more than 100 pointstop 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CCCC · research, not advice