Galecto, Inc.

For the period ended Jun 30, 2025. Filed Aug 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 5, 2025

DMRA$24.15+0.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

(in thousands)

	Six Months Ended
	June 30,
	2025	2024
Cash flows from operating activities:
Net loss	$(5,970)	$(10,815)
Adjustment to reconcile net loss to net cash used in operating activities:
Depreciation	11	10
Stock-based compensation	351	2,250
Issuance of common stock in connection with vesting of restricted stock units	29	5
Amortization of premiums and discounts on marketable securities	—	70
Amortization of right of use lease asset	6	165
Accretion of lease liability	3	6
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(155)	1,317
Other assets, noncurrent	(376)	(857)
Accounts payable	379	(978)
Accrued expenses and other current liabilities	1,051	(1,038)
Operating lease liabilities	(10)	(171)
Other liabilities, noncurrent	5	—
Net cash used in operating activities	(4,676)	(10,036)
Cash flows from investing activities:
Proceeds from sale of marketable securities	—	11,650
Net cash provided by investing activities	—	11,650
Net increase (decrease) in cash and cash equivalents	(4,676)	1,614
Effect of exchange rate changes on cash and cash equivalents	712	(217)
Cash and cash equivalents, beginning of period	14,175	21,465
Cash and cash equivalents, end of period	$10,211	$22,862
Supplemental disclosures of cash flow information:
Cash paid for taxes	$5	$—

ContentsView on SEC.gov

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