Company Analysis

Fate Therapeutics, Inc. (FATE)

Nasdaq: FATE · Biological Products, (No Diagnostic Substances) · San Diego, CA · filing with the SEC since 2008
Grade4.1
◀ Past 5.1● Present 4.5▶ Future 3.1
1 est.

The grade of Fate Therapeutics, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.1/10
◀ Past5.125% of the headline
● Present4.535% of the headline
▶ Future3.140% 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?

5.1/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
4.8/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2023-04-19.

weight 22% of this tense · 48th percentile among 159 sector filers · read for itself

From the record

Fate Therapeutics, Inc.'s filings since 2017 show 1 warning event: a notice about its exchange listing (8-K item 3.01, the latest 2023-04-19) (its current reports).

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

Track record

as filed
3.7/10

What has it actually done, year after year?

+4.7% a year over 10 filed years; profitable in 0 of 10.

weight 45% of this tense · 37th percentile among 102 sector filers · read for its customers

From the record

Fate Therapeutics, Inc.'s 10 filed years say what it did: revenue went from $4 million in fiscal 2016 to $7 million in fiscal 2025, up 4.7% a year; it rose in 5 of 9 years; the deepest fall was 93% from fiscal 2022 to fiscal 2025; net income was positive in 0 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span4.7%bottom 32% of its family
  • the share of years revenue rosetop 48% of its family
  • the share of filed years with a profitbottom 31% of its family
  • the deepest fall from a revenue peak93.1%bottom 33% of its family

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

Shareholder treatment

SI estimate
7.3/10

How has it treated the people who own it?

SI estimate 7.3/10, confidence 35 of 100 (one part).

weight 33% of this tense · 73rd 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 top 27% 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: Fate Therapeutics, Inc.'s shareholder treatment is put at 7.3 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 top 27% 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?

4.5/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
5.7/10

Is it financially healthy right now?

ROE -66%: lost 66¢ per shareholder dollar. Leverage 35%: owes 35¢ per asset dollar.

weight 45% of this tense · 57th percentile among 147 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Fate Therapeutics, Inc. lost about 66 cents for every dollar of shareholders' money. Leverage: it owed about 35 cents per dollar of assets, and net share issuance: its share count grew 4.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 48% of its family
  • return on equitybottom 44% of its family
  • the share count against the year beforetop 24% of its family

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

Industry position

as filed
2.2/10

How strong is its position in its industry?

bottom 22% of 102 in its family; net margin -2051.1%.

weight 22% of this tense · 22nd percentile among 102 sector filers · read for its customers

From the record

Fate Therapeutics, Inc.'s standing among 102 graded names in its industry family: revenue of $7 million in fiscal 2025 ranks in the bottom 33% by size; a net margin of -2051.1% ranks in the bottom 26%; revenue growth of -59% a year over the last 3 filed years ranks in the bottom 7% (its annual reports).

What it rests on

  • revenue against the family$6.6Mbottom 33% of its family
  • net margin-2051.1%bottom 26% of its family
  • three-year revenue growth-59.0%bottom 7% of its family

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

Leadership

as filed
4.5/10

What are the people in charge doing?

bottom 45% of 110 in its family for leadership; chief executive since 2025.

weight 33% of this tense · 45th percentile among 110 sector filers · read for its shareholders

From the record

Fate Therapeutics, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Valamehr, Bahram (President and CEO, as filed), filing under that title since 2025-01-13, 1.8 years (bottom 22% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 8 years (top 13%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 28%; 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 charge9 in three years among 12 peoplebottom 28% of its family
  • the median years the people in charge have filed8.0 yearstop 13% of its family
  • the chief executive's years on the record1.8 yearsbottom 22% 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?

3.1/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.1/10

How much room does it have to grow?

bottom 41% of 92 in its family for room to expand.

weight 33% of this tense · 41st percentile among 92 sector filers · read for itself

From the record

Fate Therapeutics, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $47 million against no long-term debt tagged leaves 14.6% of its assets as net cash, bottom 23% of its family; cash from operations less capital spending is -1685.8% of revenue (bottom 22%); research spending of 1622.5% of revenue (top 23%) (its annual report).

What it rests on

  • cash less debt against assets14.6%bottom 23% of its family
  • cash from operations less capital spending against revenue-1685.8%bottom 22% of its family
  • research spending against revenue1622.5%top 23% of its family

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

Growth drivers

as filed
1.6/10

What could actually drive growth from here?

bottom 15% of 100 in its family for growth drivers.

weight 45% of this tense · 15th percentile among 100 sector filers · read for its customers

From the record

Fate Therapeutics, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -59% a year over the last three filed years against 4.7% over all 10, slowing (bottom 12% of its family); the newest year grew -51.3% (bottom 9%); research spending grew -30.4% a year (bottom 6%); capital spending grew -44.9% a year (bottom 35%) (its annual reports). Fate 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-63.7 points a yearbottom 12% of its family
  • the newest year's revenue growth-51.3%bottom 9% of its family
  • three-year growth of research spending-30.4%bottom 6% of its family
  • three-year growth of capital spending-44.9%bottom 35% 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
4.7/10

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

bottom 46% of 72 in its family for expectations against reality.

weight 22% of this tense · 46th percentile among 72 sector filers · read for its shareholders

From the record

Fate Therapeutics, Inc.'s newest year against its own record: revenue of $7 million in fiscal 2025 came in 29.5% above the $5 million its prior three years' pace pointed to (top 37% of its family); net income of $136 million against a prior three-year average of $210 million (top 35%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 12%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace29.5%top 37% of its family
  • net income against the prior three years' average+35%top 35% of its family
  • net margin against its prior averagedown more than 100 pointsbottom 12% 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 FATE · research, not advice