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NEXGEL, INC.

For the period ended Jun 30, 2026. Filed Aug 17, 2026.

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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, 2026 · Filed Aug 17, 2026

NXGL$3.60-12.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: June 30,2026

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ___________

Commission file number:001-41173

NexGel, Inc.

(Exact name of registrant as specified in its charter)

Delaware26-4042544
(State or other jurisdiction of(I.R.S. Employer
incorporation or organization)Identification Number)
2150 Cabot Blvd West, Suite B Langhorne, PA19047
(Address of principal executive office)(Zip Code)

Registrant’s telephone number, including area code:(215) 702-8550

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.001NXGLThe Nasdaq Capital Market LLC
Warrants to Purchase Common StockNXGLWThe Nasdaq Capital Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a nonaccelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☐
Non-accelerated filer ☒
Smaller reporting company ☒Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). Yes ☐ No☒

As of August 14, 2026 the registrant had 9,747,663 shares of common stock outstanding.

nEXGEL**, INC.**

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION
ITEM 1.Financial Statements3
Condensed Consolidated Financial Statements (Unaudited)3
Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 20253
Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2026 and 20254
Condensed Consolidated Statements of Stockholders’ Equity for the Three and Six Months Ended June 30, 2026 and 20255
Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 20256
Notes to Condensed Consolidated Financial Statements7
ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29
ITEM 3.Quantitative and Qualitative Disclosures About Market Risk35
ITEM 4.Controls and Procedures35
PART II – OTHER INFORMATION
ITEM 1.Legal Proceedings36
ITEM 1A.Risk Factors36
ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds37
ITEM 3.Defaults Upon Senior Securities37
ITEM 4.Mine Safety Disclosures37
ITEM 5.Other Information37
ITEM 6.Exhibits38
Signatures39
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.