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Metagenomi Therapeutics, Inc. (MGX)

Nasdaq: MGX · Biological Products, (No Diagnostic Substances) · Emeryville, CA · filing with the SEC since 2019
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Grade4.6
◀ Past 4.4● Present 4.9▶ Future 4.4
2 est.
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The grade of Metagenomi Therapeutics, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.6/10
◀ Past4.430% of the headline
● Present4.940% of the headline
▶ Future4.430% of the headline

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

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.4/1030% 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 2019.

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

From the record

Metagenomi Therapeutics, Inc.'s filings since 2019 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
3.6/10

What has it actually done, year after year?

-24.9% a year over 3 filed years; profitable in 0 of 3.

weight 45% of this tense · 36th percentile among 102 sector filers · read for its customers

From the record

Metagenomi Therapeutics, Inc.'s 3 filed years say what it did: revenue went from $45 million in fiscal 2023 to $25 million in fiscal 2025, down 24.9% a year; it rose in 1 of 2 years; the deepest fall was 52% from fiscal 2024 to fiscal 2025; net income was positive in 0 of 3 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-24.9%bottom 9% 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 peak51.8%top 36% of its family

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

Shareholder treatment

SI estimate
0.6/10

How has it treated the people who own it?

SI estimate 0.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 6th 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 6% 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: Metagenomi Therapeutics, Inc.'s shareholder treatment is put at 0.6 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 6% 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?

4.9/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.7/10

Is it financially healthy right now?

ROE -55%: lost 55¢ per shareholder dollar. Leverage 28%: owes 28¢ 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, Metagenomi Therapeutics, Inc. lost about 55 cents for every dollar of shareholders' money. Leverage: it owed about 28 cents per dollar of assets, and net share issuance: its share count grew 12.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 38% of its family
  • return on equitytop 48% of its family
  • the share count against the year beforetop 42% of its family

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

Industry position

as filed
3.9/10

How strong is its position in its industry?

bottom 39% of 102 in its family; net margin -348.5%.

weight 33% of this tense · 39th percentile among 102 sector filers · read for its customers

From the record

Metagenomi Therapeutics, Inc.'s standing among 102 graded names in its industry family: revenue of $25 million in fiscal 2025 ranks in the bottom 48% by size; a net margin of -348.5% ranks in the bottom 47%; revenue growth of -24.9% a year over the last 2 filed years ranks in the bottom 22% (its annual reports).

What it rests on

  • revenue against the family$25.2Mbottom 48% of its family
  • net margin-348.5%bottom 47% of its family
  • three-year revenue growth-24.9%bottom 22% of its family

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

Leadership

as filed
4.7/10

What are the people in charge doing?

bottom 47% of 110 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 47th percentile among 110 sector filers · read for its shareholders

From the record

Metagenomi Therapeutics, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Irish, Jian (President and Chief Executive Officer, as filed), filing under that title since 2025-12-01, 11 months (bottom 13% of its family); most of the 8 officers and directors filing now have filed since the record of its people begins (2024-02-08), a floor of 2.8 years the record cannot see past, so that part is not read; 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (top 19%; 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 charge2 in three years among 8 peopletop 19% of its family
  • the chief executive's years on the record1.0 yearsbottom 13% 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?

4.4/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
4.9/10

How much room does it have to grow?

bottom 49% of 92 in its family for room to expand.

weight 45% of this tense · 49th percentile among 92 sector filers · read for itself

From the record

Metagenomi Therapeutics, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $47 million against no long-term debt tagged leaves 21.2% of its assets as net cash, bottom 43% of its family; cash from operations less capital spending is -354.9% of revenue (bottom 41%); research spending of 374.6% of revenue (top 36%) (its annual report).

What it rests on

  • cash less debt against assets21.2%bottom 43% of its family
  • cash from operations less capital spending against revenue-354.9%bottom 41% of its family
  • research spending against revenue374.6%top 36% of its family

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

Growth drivers

as filed
3.1/10

What could actually drive growth from here?

bottom 31% of 100 in its family for growth drivers.

weight 33% of this tense · 31st percentile among 100 sector filers · read for its customers

From the record

Metagenomi Therapeutics, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -24.9% a year over the last three filed years against -24.9% over all 3, speeding up (top 36% of its family); the newest year grew -51.8% (bottom 7%); research spending grew 0% a year (bottom 49%); capital spending grew -75.8% a year (bottom 5%) (its annual reports). Metagenomi 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+0.0 points a yeartop 36% of its family
  • the newest year's revenue growth-51.8%bottom 7% of its family
  • three-year growth of research spending0.0%bottom 49% of its family
  • three-year growth of capital spending-75.8%bottom 5% of its family

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

Expectations vs reality

SI estimate
5.1/10

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

SI estimate 5.1/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 73 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 73 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 73 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Metagenomi Therapeutics, Inc.'s expectations vs reality is put at 5.1 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 73 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

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 MGX · research, not advice