Forensic Analysis · Healthcare / Pharmaceuticals / Biotech · as of Aug 11, 2026
Monte Rosa Therapeutics, Inc. (GLUE)
A forensic read on Monte Rosa Therapeutics, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
7.1
Distress distance
Clean
Earnings quality
4
Forensic signals
-7.4
P / E (ttm)
-16.6%
ROE
$1.3B
Market cap
0.00%
Dividend yield
63.5%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Monte Rosa Therapeutics, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 7.1, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-16.8%
FY2025
Return on invested capital.Return on invested capital is -16.8% in the latest fiscal year and rising from -34% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
+20.7%/yr
FY2022–FY2025
Share-count dilution.Diluted share count changed +76% over the last 3 years to FY2025 (+20.7%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~20.7% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~43%.
n/m (sign flip)
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets flipped from negative to positive FY2024→FY2025 (FY2024 $-1.3M to FY2025 $+103.2M) — the standard accruals ratio divides by the average of the two, which collapses toward zero right as the sign changes, so the resulting percentage is a denominator artifact, not a real accrual measurement. Treat this as a structural balance-sheet shift to understand on its own terms rather than a clean or dirty accruals read.
15% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 15% of revenue in FY2025 — about $0.23 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count, and there it has run at about 21.7% a year and is falling.
Key fundamentals
Latest Revenue$123.7M
Revenue Growth YoY+63.5%
Net Margin-31.2%
Free Cash Flow-$27.5M
Return on Equity-16.6%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Monte Rosa Therapeutics, Inc.'s actual 10-K/10-Q/8-K filings?