Foundation Medicine

Foundation Medicine is a molecular information company dedicated to a transformation in cancer care in which treatment is informed by a deep understanding of the genomic changes that contribute to each patient's unique cancer. The company's clinical assays, FoundationOne for solid tumors and FoundationOne Heme for hematologic malignancies and sarcomas, provide a comprehensive genomic profile to identify the molecular alterations in a patient's cancer and match them with relevant targeted therapies and clinical trials. Foundation Medicine's molecular information platform aims to improve day-to-day care for patients by serving the needs of clinicians, academic researchers and drug developers to help advance the science of molecular medicine in cancer.
Company Growth (employees)
Cambridge, US
Size (employees)
535 (est)+29%
Foundation Medicine was founded in 2010 and is headquartered in Cambridge, US

Key People at Foundation Medicine

Michael J. Pellini

Michael J. Pellini

President & CEO & Board Director
Steven J. Kafka

Steven J. Kafka

Chief Business Officer
Alexis Borisy

Alexis Borisy

Co - Founder & Chairman of the Board
Vincent A. Miller

Vincent A. Miller

SVP, Clinical Development

Foundation Medicine Office Locations

Foundation Medicine has an office in Cambridge
Cambridge, US (HQ)
150 Second St

Foundation Medicine Data and Metrics

Foundation Medicine Financial Metrics

Foundation Medicine's revenue was reported to be $116.9 m in FY, 2016 which is a 25% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

116.9 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

63.9 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(113.2 m)

EBIT (FY, 2016)

(113.8 m)

Market capitalization (26-May-2017)

1.4 b

Closing share price (26-May-2017)


Cash (31-Dec-2016)

63.6 m
Foundation Medicine's current market capitalization is $1.4 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


29 m61.1 m93.2 m116.9 m

Revenue growth, %


Cost of goods sold

11.7 m27.4 m36.7 m53 m

Gross profit

17.3 m33.6 m56.5 m63.9 m

Gross profit Margin, %


Operating expense total

59.1 m86.9 m146.3 m230.7 m


(41.8 m)(53.3 m)(89.8 m)(113.8 m)

EBIT margin, %


Interest expense

235 k42 k124 k624 k

Net Income

(42.9 m)(52.2 m)(89.6 m)(113.2 m)
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


124.3 m72.1 m117.8 m63.6 m

Accounts Receivable

6.3 m9.9 m7.4 m8.2 m


992 k2.9 m6.5 m5.3 m

Current Assets

133.3 m89.6 m229.6 m168.9 m


22.1 m21 m41.3 m41.5 m

Total Assets

157.3 m111.9 m298 m214 m

Accounts Payable

7 m7.3 m10.5 m11.9 m

Current Liabilities

15.8 m16.4 m29.9 m40.7 m

Additional Paid-in Capital

221.5 m228.2 m489.5 m509.7 m

Retained Earnings

(89.8 m)(142 m)(231.6 m)(344.8 m)

Total Equity

131.7 m86.2 m257.7 m164.8 m

Financial Leverage

1.2 x1.3 x1.2 x1.3 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(42.9 m)(52.2 m)(89.6 m)(113.2 m)

Depreciation and Amortization

5 m8.2 m10.6 m15.9 m

Accounts Receivable

(4.1 m)(3.6 m)2.4 m(844 k)


(442 k)(1.9 m)(3.7 m)1.3 m

Accounts Payable

1.7 m3.1 m(1.6 m)5.1 m

Cash From Operating Activities

(30.8 m)(42.7 m)(63.7 m)(67.2 m)

Purchases of PP&E

(6.9 m)(9.7 m)(25.4 m)(20.9 m)

Cash From Investing Activities

(8.5 m)(8.8 m)(140.7 m)12.7 m

Cash From Financing Activities

108.7 m(650 k)250.1 m333 k

Interest Paid

171 k263 k263 k77 k
Y, 2016

Financial Leverage

1.3 x

Foundation Medicine Operating Metrics

FY, 2016







Foundation Medicine Market Value History

Foundation Medicine Revenue Breakdown

Foundation Medicine Median Salaries

Source: 15 public H-1B filings from Foundation Medicine

Foundation Medicine Online and Social Media Presence

Foundation Medicine News and Updates

Foundation Medicine Company Life and Culture

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