Forensic Analysis · Healthcare / Pharmaceuticals / Biotech · as of Jun 27, 2026
Tectonic Therapeutic, Inc. (TECX)
A forensic read on Tectonic Therapeutic, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Clean
Earnings quality
2
Forensic signals
-32.3%
ROE
$604M
Market cap
Tectonic Therapeutic, Inc. earns a C (Mixed — selective) forensic quality grade. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-81843%Return on invested capital. Return on invested capital is -81843% and steady — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
$940,000Goodwill impairments. Took $940,000 of goodwill writedowns across 1 year(s) (FY2023 ($940,000)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Debt / Equity0.06x
Free Cash Flow$-60.3M
Return on Equity-29.5%
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The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Tectonic Therapeutic, Inc.:
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🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
🔒Peer comparison + filing-change monitoring & alerts
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Data from SEC EDGAR public filings · metrics as of Jun 27, 2026. Forensic signals flag probability, not certainty.