Galecto, Inc. (GLTO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
75 STATE STREET BOSTON, MA 02109 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 14,175,000 | 33,151,000 | 60,224,000 | 100,191,000 | 163,582,000 | |||
| Cash and cash equivalent | 14,175,000 | 21,465,000 | 32,786,000 | 62,563,000 | 163,582,000 | |||
| Short-term investments | 11,686,000 | 27,438,000 | 37,628,000 | |||||
| Receivables | 45,000 | 280,000 | 587,000 | 598,000 | 401,000 | |||
| Prepaid expense | 680,000 | 859,000 | 857,000 | 2,062,000 | 1,884,000 | |||
| Other undisclosed current assets | 1,939,000 | 2,484,000 | 2,242,000 | 7,251,000 | 3,428,000 | |||
| Total current assets: | 16,839,000 | 36,774,000 | 63,910,000 | 110,102,000 | 169,295,000 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 73,000 | 247,000 | 810,000 | 834,000 | 885,000 | |||
| Property, plant and equipment | 57,000 | 78,000 | 357,000 | 203,000 | ||||
| Long-term investments and receivables | 5,832,000 | 9,048,000 | ||||||
| Long-term investments | 5,832,000 | 9,048,000 | ||||||
| Restricted cash and investments | 254,000 | |||||||
| Other noncurrent assets | 163,000 | 1,128,000 | 2,279,000 | 2,028,000 | 1,162,000 | |||
| Total noncurrent assets: | 293,000 | 1,453,000 | 9,278,000 | 12,113,000 | 2,301,000 | |||
| TOTAL ASSETS: | 17,132,000 | 38,227,000 | 73,188,000 | 122,215,000 | 171,596,000 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 1,197,000 | 5,830,000 | 11,107,000 | 4,544,000 | 5,566,000 | |||
| Accounts payable | 377,000 | 1,702,000 | 3,350,000 | 1,531,000 | 2,851,000 | |||
| Accrued liabilities | 820,000 | 4,128,000 | 7,757,000 | 3,013,000 | 2,715,000 | |||
| Total current liabilities: | 1,197,000 | 5,830,000 | 11,107,000 | 4,544,000 | 5,566,000 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation: | 448,000 | 541,000 | ||||||
| Liabilities, other than long-term debt | 104,000 | 66,000 | 328,000 | |||||
| Other liabilities | 43,000 | |||||||
| Operating lease, liability | 61,000 | 66,000 | 328,000 | 448,000 | 541,000 | |||
| Other undisclosed noncurrent liabilities | (448,000) | (541,000) | ||||||
| Total noncurrent liabilities: | 104,000 | 66,000 | 328,000 | 448,000 | 541,000 | |||
| Total liabilities: | 1,301,000 | 5,896,000 | 11,435,000 | 4,992,000 | 6,107,000 | |||
| Temporary equity, including noncontrolling interest | 1,360,000 | |||||||
| Equity | ||||||||
| Equity, attributable to parent, including: | 15,831,000 | 32,331,000 | 61,753,000 | 117,223,000 | 165,489,000 | |||
| Additional paid in capital | 291,898,000 | 288,036,000 | 279,733,000 | 273,655,000 | 269,175,000 | |||
| Accumulated other comprehensive income (loss) | 97,000 | 380,000 | (244,000) | (320,000) | 674,000 | |||
| Accumulated deficit | (277,524,000) | (256,085,000) | (217,736,000) | (156,112,000) | (104,360,000) | |||
| Other undisclosed equity, attributable to parent | 1,360,000 | |||||||
| Other undisclosed equity | (1,360,000) | |||||||
| Total equity: | 14,471,000 | 32,331,000 | 61,753,000 | 117,223,000 | 165,489,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 17,132,000 | 38,227,000 | 73,188,000 | 122,215,000 | 171,596,000 | |||
Income Statement (P&L) (USD)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|
| Operating expenses | (22,260,000) | (39,905,000) | (61,207,000) | (52,227,000) | (33,637,000) | ||
| Other undisclosed operating income | 67,274,000 | ||||||
| Operating income (loss): | (22,260,000) | (39,905,000) | (61,207,000) | (52,227,000) | 33,637,000 | ||
| Nonoperating income (expense) | 862,000 | 1,556,000 | (417,000) | 475,000 | (1,200,000) | ||
| Gain (loss), foreign currency transaction, before tax | 18,000 | (197,000) | (1,069,000) | 319,000 | (1,200,000) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (21,398,000) | (38,349,000) | (61,624,000) | (51,752,000) | 32,437,000 | ||
| Other undisclosed loss from continuing operations before income taxes | (67,274,000) | ||||||
| Loss from continuing operations before income taxes: | (21,398,000) | (38,349,000) | (61,624,000) | (51,752,000) | (34,837,000) | ||
| Income tax expense | (41,000) | ||||||
| Loss from continuing operations: | (21,439,000) | (38,349,000) | (61,624,000) | (51,752,000) | (34,837,000) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (51,752,000) | (34,837,000) | |
| Other undisclosed net income | |||||||
| Net loss: | (21,439,000) | (38,349,000) | (61,624,000) | (51,752,000) | (34,837,000) | ||
| Other undisclosed net loss attributable to parent | |||||||
| Net loss available to common stockholders, diluted: | (21,439,000) | (38,349,000) | (61,624,000) | (51,752,000) | (34,837,000) | ||
Comprehensive Income (USD)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (21,439,000) | (38,349,000) | (61,624,000) | (51,752,000) | (34,837,000) | ||
| Other comprehensive income (loss) | (283,000) | 624,000 | 76,000 | ||||
| Comprehensive loss: | (21,722,000) | (37,725,000) | (61,548,000) | (51,752,000) | (34,837,000) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (994,000) | 3,125,000 | |||||
| Comprehensive loss, net of tax, attributable to parent: | (21,722,000) | (37,725,000) | (61,548,000) | (52,746,000) | (31,712,000) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.