Galecto, Inc.

For the period ended Sep 30, 2025. Filed Nov 6, 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.

Sep 30, 2025 · Filed Nov 6, 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)

	Nine Months Ended
	September 30,
	2025	2024
Cash flows from operating activities:
Net loss	$(9,103)	$(14,698)
Adjustment to reconcile net loss to net cash used in operating activities:
Depreciation	16	16
Stock-based compensation	515	2,931
Issuance of common stock in connection with vesting of restricted stock units	38	86
Amortization of premiums and discounts on marketable securities	—	70
Amortization of right of use lease asset	11	219
Accretion of lease liability	5	9
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	482	2,121
Other assets, noncurrent	(671)	(974)
Accounts payable	143	(1,199)
Accrued expenses and other current liabilities	1,281	(2,040)
Operating lease liabilities	(15)	(228)
Other liabilities, noncurrent	6	—
Net cash used in operating activities	(7,292)	(13,687)
Cash flows from investing activities:
Proceeds from sale of marketable securities	—	11,650
Net cash provided by investing activities	—	11,650
Net decrease in cash and cash equivalents	(7,292)	(2,037)
Effect of exchange rate changes on cash and cash equivalents	723	250
Cash and cash equivalents, beginning of period	14,175	21,465
Cash and cash equivalents, end of period	$7,606	$19,678
Supplemental disclosures of cash flow information:
Cash paid for taxes	$5	$—

ContentsView on SEC.gov

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