Company Analysis

Ultragenyx Pharmaceutical Inc. (RARE)

Nasdaq: RARE · Pharmaceutical Preparations · Novato, CA · filing with the SEC since 2011
Grade5.9
◀ Past 7.5● Present 5.9▶ Future 4.5
1 est.

The grade of Ultragenyx Pharmaceutical Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.9/10
◀ Past7.530% of the headline
● Present5.940% of the headline
▶ Future4.530% 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?

7.5/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
8.2/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 82nd percentile among 497 sector filers · read for itself

From the record

Ultragenyx Pharmaceutical Inc.'s filings since 2017 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
7.7/10

What has it actually done, year after year?

+158% a year over 10 filed years; profitable in 0 of 10.

weight 45% of this tense · 76th percentile among 323 sector filers · read for its customers

From the record

Ultragenyx Pharmaceutical Inc.'s 10 filed years say what it did: revenue went from $133 thousand in fiscal 2016 to $673 million in fiscal 2025, up 158% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 0 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span158.0%top 3% of its family
  • the share of years revenue rosetop 8% of its family
  • the share of filed years with a profitbottom 27% of its family
  • the deepest fall from a revenue peak0.0%top 10% of its family

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

Shareholder treatment

SI estimate
6.1/10

How has it treated the people who own it?

SI estimate 6.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 61st percentile among 464 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 39% of 464 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 464 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: Ultragenyx Pharmaceutical Inc.'s shareholder treatment is put at 6.1 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 39% of 464 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?

5.9/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
3.7/10

Is it financially healthy right now?

Leverage 105%: owes 105¢ per asset dollar.

weight 45% of this tense · 37th percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Ultragenyx Pharmaceutical Inc.'s shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 105 cents per dollar of assets, and net share issuance: its share count grew 9.0% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 10% of its family
  • the share count against the year beforetop 36% of its family

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

Industry position

as filed
6.8/10

How strong is its position in its industry?

top 32% of 315 in its family; net margin -85.4%.

weight 33% of this tense · 68th percentile among 315 sector filers · read for its customers

From the record

Ultragenyx Pharmaceutical Inc.'s standing among 315 graded names in its industry family: revenue of $673 million in fiscal 2025 ranks in the top 16% by size; a net margin of -85.4% ranks in the top 45%; revenue growth of 22.8% a year over the last 3 filed years ranks in the top 36% (its annual reports).

What it rests on

  • revenue against the family$673Mtop 16% of its family
  • net margin-85.4%top 45% of its family
  • three-year revenue growth22.8%top 36% of its family

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

Leadership

as filed
9.0/10

What are the people in charge doing?

top 10% of 315 in its family for leadership; chief executive since 2014.

weight 22% of this tense · 90th percentile among 315 sector filers · read for its shareholders

From the record

Ultragenyx Pharmaceutical Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Kakkis, Emil D (President & CEO, as filed), filing under that title since 2014-01-30, 12.8 years (top 9% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 10.4 years (top 6%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (top 16%; 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 charge3 in three years among 15 peopletop 16% of its family
  • the median years the people in charge have filed10.4 yearstop 6% of its family
  • the chief executive's years on the record12.8 yearstop 9% 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?

4.5/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.1/10

How much room does it have to grow?

top 49% of 273 in its family for room to expand.

weight 45% of this tense · 51st percentile among 273 sector filers · read for itself

From the record

Ultragenyx Pharmaceutical Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $421 million against no long-term debt tagged leaves 27.5% of its assets as net cash, bottom 50% of its family; cash from operations less capital spending is -70.1% of revenue (top 47%); research spending of 111.4% of revenue (top 49%) (its annual report).

What it rests on

  • cash less debt against assets27.5%top 50% of its family
  • cash from operations less capital spending against revenue-70.1%top 47% of its family
  • research spending against revenue111.4%top 49% 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 306 in its family for growth drivers.

weight 33% of this tense · 31st percentile among 306 sector filers · read for its customers

From the record

Ultragenyx Pharmaceutical Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 22.8% a year over the last three filed years against 158% over all 10, slowing (bottom 1% of its family); the newest year grew 20.2% (top 38%); research spending grew 2% a year (top 49%); capital spending grew -62.7% a year (bottom 11%) (its annual reports). Ultragenyx Pharmaceutical Inc. reported 2 product lines in fiscal 2025: Product at $369 million (55%), Royalty at $304 million (45%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-135.2 points a yearbottom 1% of its family
  • the newest year's revenue growth20.2%top 38% of its family
  • three-year growth of research spending2.0%top 49% of its family
  • three-year growth of capital spending-62.7%bottom 11% 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
5.2/10

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

top 48% of 233 in its family for expectations against reality.

weight 22% of this tense · 52nd percentile among 233 sector filers · read for its shareholders

From the record

Ultragenyx Pharmaceutical Inc.'s newest year against its own record: revenue of $673 million in fiscal 2025 came in 3.2% below the $695 million its prior three years' pace pointed to (bottom 47% of its family); net income of $575 million against a prior three-year average of $628 million (bottom 46%); a net margin of -85.4% against losses larger than its revenue before (top 36%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-3.2%bottom 47% of its family
  • net income against the prior three years' average+8%bottom 46% of its family
  • net margin against its prior average+60.0 pointstop 36% 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 RARE · research, not advice