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 Operations and Comprehensive Loss

(in thousands, except share and per share amounts)

	Three Months EndedJune 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Operating expenses
Research and development	$1,465	$1,834	$2,143	$4,297
General and administrative	1,956	2,775	3,877	6,053
Restructuring costs	—	968	—	968
Total operating expenses	3,421	5,577	6,020	11,318
Loss from operations	(3,421)	(5,577)	(6,020)	(11,318)
Other income, net
Interest income, net	50	213	124	470
Foreign exchange transaction gain (loss), net	(62)	68	(68)	75
Total other income (loss), net	(12)	281	56	545
Loss before income tax expense	(3,433)	(5,296)	(5,964)	(10,773)
Income tax expense	(4)	(42)	(6)	(42)
Net loss	$(3,437)	$(5,338)	$(5,970)	$(10,815)
Net loss per common share, basic and diluted	$(2.60)	$(4.92)	$(4.51)	$(9.97)
Weighted-average number of shares used in computing net loss per common share, basic and diluted	1,322,553	1,084,622	1,322,283	1,084,566
Other comprehensive income (loss), net of tax
Currency translation gain (loss)	509	(131)	712	(217)
Unrealized gain on marketable securities	—	2	—	34
Other comprehensive income (loss), net of tax	509	(129)	712	(183)
Total comprehensive loss	$(2,928)	$(5,467)	$(5,258)	$(10,998)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.