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Surrozen, Inc. (SRZN)

Nasdaq: SRZN · Biological Products, (No Diagnostic Substances) · South San Francisco, CA · filing with the SEC since 2020
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Grade2.7
◀ Past 1.9● Present 2.5▶ Future 3.4
2 est.
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The grade of Surrozen, Inc.

Nine metrics read from its own filings, by tense
Headline grade
2.7/10
◀ Past1.925% of the headline
● Present2.535% of the headline
▶ Future3.440% 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?

1.9/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
1.2/10

Has it survived what it has been through?

7 warning events since 2020; the latest 2024-04-02.

weight 22% of this tense · 12th percentile among 159 sector filers · read for itself

From the record

Surrozen, Inc.'s filings since 2020 show 7 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2023-07-05); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-05-14); an auditor change (8-K item 4.01, the latest 2021-08-17); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2024-04-02) (its current reports).

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

Track record

as filed
1.5/10

What has it actually done, year after year?

5 filed years; profitable in 0 of 4.

weight 45% of this tense · 15th percentile among 102 sector filers · read for its customers

From the record

Surrozen, Inc.'s 5 filed years say what it did: it rose in 0 of 2 years; the deepest fall was 100% from fiscal 2022 to fiscal 2023; net income was positive in 0 of 4 of those years (its annual reports).

What it rests on

  • the share of years revenue rosebottom 3% of its family
  • the share of filed years with a profitbottom 31% of its family
  • the deepest fall from a revenue peak100.0%bottom 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
3.0/10

How has it treated the people who own it?

SI estimate 3.0/10, confidence 35 of 100 (one part).

weight 33% of this tense · 30th 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 30% 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: Surrozen, Inc.'s shareholder treatment is put at 3.0 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 30% 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?

2.5/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
0.7/10

Is it financially healthy right now?

Leverage 290%: owes 290¢ per asset dollar.

weight 45% of this tense · 7th percentile among 147 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Surrozen, Inc.'s shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 290 cents per dollar of assets, and net share issuance: its share count grew 155.0% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 4% of its family
  • the share count against the year beforebottom 10% 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.

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

From the record

Surrozen, Inc.'s standing among 102 graded names in its industry family: revenue of $3 million in fiscal 2025 ranks in the bottom 27% by size; revenue growth of -34.7% a year over the last 3 filed years ranks in the bottom 17% (its annual reports).

What it rests on

  • revenue against the family$3.5Mbottom 27% of its family
  • three-year revenue growth-34.7%bottom 17% of its family

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

Leadership

as filed
5.0/10

What are the people in charge doing?

top 50% of 110 in its family for leadership; chief executive since 2021.

weight 33% of this tense · 50th percentile among 110 sector filers · read for its shareholders

From the record

Surrozen, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Parker, Craig C (Chief Executive Officer, as filed), filing under that title since 2021-08-16, 5.2 years (top 47% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 5.2 years (bottom 45%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 47%; 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 charge5 in three years among 11 peopletop 47% of its family
  • the median years the people in charge have filed5.2 yearsbottom 45% of its family
  • the chief executive's years on the record5.2 yearstop 47% 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?

3.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
6.5/10

How much room does it have to grow?

top 35% of 92 in its family for room to expand.

weight 33% of this tense · 65th percentile among 92 sector filers · read for itself

From the record

Surrozen, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $90 million against no long-term debt tagged leaves 91.1% of its assets as net cash, top 6% of its family; cash from operations less capital spending is -873.5% of revenue (bottom 30%); research spending of 844.5% of revenue (top 29%) (its annual report).

What it rests on

  • cash less debt against assets91.1%top 6% of its family
  • cash from operations less capital spending against revenue-873.5%bottom 30% of its family
  • research spending against revenue844.5%top 29% of its family

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

Growth drivers

as filed
2.5/10

What could actually drive growth from here?

bottom 25% of 100 in its family for growth drivers.

weight 45% of this tense · 25th percentile among 100 sector filers · read for its customers

From the record

Surrozen, Inc.'s growth drivers, from the filed years to fiscal 2025: the newest year grew -67.4% (bottom 5%); research spending grew -7.4% a year (bottom 31%); capital spending grew -44% a year (bottom 38%) (its annual reports). Surrozen, 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

  • the newest year's revenue growth-67.4%bottom 5% of its family
  • three-year growth of research spending-7.4%bottom 31% of its family
  • three-year growth of capital spending-44.0%bottom 38% 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
0.9/10

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

SI estimate 0.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 9th percentile among 90 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, revenue against the prior three years' pace, which ranks in the bottom 9% of 90 in its family; 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.
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
one part: revenue against the prior three years' pace, the one part on file, ranked among 90 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: Surrozen, Inc.'s expectations vs reality is put at 0.9 of 10 with a confidence of 35 of 100, because read from one part only, revenue against the prior three years' pace, which ranks in the bottom 9% of 90 in its family; 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. A filing that carries the missing parts 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 SRZN · research, not advice