Fractyl Health Financials
This page shows Fractyl Health (GUTS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Fractyl Health has an operating margin of -100571.0%, meaning the company retains $-100571 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -42363.3% the prior year.
Fractyl Health's revenue declined 22.5% year-over-year, from $120K to $93K. This contraction results in a growth score of 0/100.
Fractyl Health has elevated debt relative to equity (D/E of 2.80), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 7/100, reflecting increased financial risk.
With a current ratio of 3.63, Fractyl Health holds $3.63 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Fractyl Health generated -$65.5M in operating cash flow, capex of $1.8M consumed most of it, leaving -$67.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Fractyl Health passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Fractyl Health generates $0.95 in operating cash flow (-$65.5M OCF vs -$68.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Fractyl Health generated $93K in revenue in fiscal year 2024. This represents a decrease of 22.5% from the prior year.
Fractyl Health's EBITDA was -$92.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 83.7% from the prior year.
Fractyl Health generated -$67.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 55.8% from the prior year.
Fractyl Health reported -$68.7M in net income in fiscal year 2024. This represents an increase of 10.9% from the prior year.
Fractyl Health earned $-1.62 per diluted share (EPS) in fiscal year 2024. This represents an increase of 96.4% from the prior year.
Fractyl Health held $67.5M in cash against $0 in long-term debt as of fiscal year 2024.
Fractyl Health had 49M shares outstanding in fiscal year 2024. This represents an increase of 2215.3% from the prior year.
Fractyl Health's gross margin was 46.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 10.4 percentage points from the prior year.
Fractyl Health's operating margin was -100571.0% in fiscal year 2024, reflecting core business profitability. This is down 58207.6 percentage points from the prior year.
Fractyl Health's net profit margin was -73864.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9622.0 percentage points from the prior year.
Fractyl Health invested $70.5M in research and development in fiscal year 2024. This represents an increase of 85.3% from the prior year.
Fractyl Health invested $1.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 391.6% from the prior year.
GUTS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|
| Revenue | $3K-93.0% | $43K+30.3% | $33K+371.4% | $7K-80.6% | $36K-50.0% | $72K+1340.0% | $5K |
| Cost of Revenue | $0-100.0% | $24K+26.3% | $19K+850.0% | $2K-92.0% | $25K-46.8% | $47K+1466.7% | $3K |
| Gross Profit | $3K-84.2% | $19K+35.7% | $14K+180.0% | $5K-54.5% | $11K-56.0% | $25K+1150.0% | $2K |
| R&D Expenses | $17.5M+4.1% | $16.8M+16.2% | $14.4M+41.9% | $10.2M+8.4% | $9.4M+2.6% | $9.1M-2.2% | $9.3M |
| SG&A Expenses | $5.2M-16.1% | $6.2M-12.5% | $7.1M+152.9% | $2.8M-37.4% | $4.5M+63.2% | $2.8M0.0% | $2.8M |
| Operating Income | -$22.7M+1.3% | -$23.0M-6.7% | -$21.5M-66.0% | -$13.0M+6.4% | -$13.9M-16.8% | -$11.9M+1.9% | -$12.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$45.6M-164.7% | -$17.2M-418.6% | -$3.3M+82.7% | -$19.2M-21.8% | -$15.7M+47.9% | -$30.2M-153.4% | -$11.9M |
| EPS (Diluted) | $-0.71-97.2% | $-0.36-111.8% | $-0.17+98.5% | $-11.19-16.4% | $-9.61+42.2% | $-16.62-111.2% | $-7.87 |
GUTS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|
| Total Assets | $114.3M-22.0% | $146.4M-10.4% | $163.5M+114.6% | $76.2M | N/A | N/A | N/A |
| Current Assets | $79.7M-25.2% | $106.6M-14.4% | $124.5M+249.2% | $35.6M | N/A | N/A | N/A |
| Cash & Equivalents | $77.7M-24.2% | $102.4M-15.6% | $121.4M+265.7% | $33.2M-32.3% | $49.1M+52.1% | $32.3M-26.6% | $44.0M |
| Inventory | $73K+14.1% | $64K-12.3% | $73K0.0% | $73K | N/A | N/A | N/A |
| Accounts Receivable | $0-100.0% | $22K+46.7% | $15K-31.8% | $22K | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $117.5M+55.2% | $75.7M-4.6% | $79.3M-80.2% | $401.3M | N/A | N/A | N/A |
| Current Liabilities | $18.7M+30.8% | $14.3M+7.6% | $13.3M+18.6% | $11.2M | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$3.2M-104.5% | $70.8M-15.9% | $84.2M+125.9% | -$325.1M-5.8% | -$307.2M-5.0% | -$292.5M-11.1% | -$263.4M |
| Retained Earnings | -$512.5M-39.6% | -$367.2M-4.9% | -$349.9M-1.0% | -$346.6M | N/A | N/A | N/A |
GUTS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$22.7M-21.2% | -$18.7M-60.0% | -$11.7M-10.5% | -$10.6M+3.8% | -$11.0M+5.5% | -$11.7M-22.1% | -$9.6M |
| Capital Expenditures | $8K-96.9% | $260K-75.4% | $1.1M+678.7% | $136K-8.1% | $148K+169.1% | $55K+175.0% | $20K |
| Free Cash Flow | -$22.7M-19.6% | -$19.0M-48.8% | -$12.8M-19.0% | -$10.7M+3.9% | -$11.2M+4.7% | -$11.7M-22.4% | -$9.6M |
| Investing Cash Flow | -$8K+96.9% | -$260K+75.4% | -$1.1M-678.7% | -$136K+8.1% | -$148K-169.1% | -$55K-175.0% | -$20K |
| Financing Cash Flow | $78.1M+1561860.0% | -$5K-100.0% | $101.0M+18265.8% | -$556K-102.0% | $28.0M+99782.1% | $28K+1500.0% | -$2K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GUTS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0%+55.8pp | 44.2%+1.8pp | 42.4%-29.0pp | 71.4%+40.9pp | 30.6%-4.2pp | 34.7%-5.3pp | 40.0% |
| Operating Margin | -840333.3%-786879.8pp | -53453.5%+11825.3pp | -65278.8%+120164.1pp | -185442.9%-146906.8pp | -38536.1%-22043.1pp | -16493.1%+225646.9pp | -242140.0% |
| Net Margin | -832333.3%-792265.9pp | -40067.4%-30000.8pp | -10066.7%+263933.3pp | -274000.0%-230258.3pp | -43741.7%-1752.8pp | -41988.9%+196651.1pp | -238640.0% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -39.9%-28.1pp | -11.8%-9.7pp | -2.0%+23.1pp | -25.2% | N/A | N/A | N/A |
| Current Ratio | 4.27-3.2 | 7.46-1.9 | 9.38+6.2 | 3.19 | N/A | N/A | N/A |
| Debt-to-Equity | -36.96-38.0 | 1.07+0.1 | 0.94+2.2 | -1.23 | N/A | N/A | N/A |
| FCF Margin | -575566.7%-531387.6pp | -44179.1%-5482.1pp | -38697.0%+114660.2pp | -153357.1%-122340.5pp | -31016.7%-14751.4pp | -16265.3%+175134.7pp | -191400.0% |
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Frequently Asked Questions
What is Fractyl Health's annual revenue?
Fractyl Health (GUTS) reported $93K in total revenue for fiscal year 2024. This represents a -22.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fractyl Health's revenue growing?
Fractyl Health (GUTS) revenue declined by 22.5% year-over-year, from $120K to $93K in fiscal year 2024.
Is Fractyl Health profitable?
No, Fractyl Health (GUTS) reported a net income of -$68.7M in fiscal year 2024, with a net profit margin of -73864.5%.
What is Fractyl Health's earnings per share (EPS)?
Fractyl Health (GUTS) reported diluted earnings per share of $-1.62 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Fractyl Health's EBITDA?
Fractyl Health (GUTS) had EBITDA of -$92.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Fractyl Health's gross margin?
Fractyl Health (GUTS) had a gross margin of 46.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fractyl Health's operating margin?
Fractyl Health (GUTS) had an operating margin of -100571.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Fractyl Health's net profit margin?
Fractyl Health (GUTS) had a net profit margin of -73864.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Fractyl Health's free cash flow?
Fractyl Health (GUTS) generated -$67.3M in free cash flow during fiscal year 2024. This represents a -55.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fractyl Health's operating cash flow?
Fractyl Health (GUTS) generated -$65.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Fractyl Health's total assets?
Fractyl Health (GUTS) had $108.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Fractyl Health's capital expenditures?
Fractyl Health (GUTS) invested $1.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Fractyl Health spend on research and development?
Fractyl Health (GUTS) invested $70.5M in research and development during fiscal year 2024.
How many shares does Fractyl Health have outstanding?
Fractyl Health (GUTS) had 49M shares outstanding as of fiscal year 2024.
What is Fractyl Health's current ratio?
Fractyl Health (GUTS) had a current ratio of 3.63 as of fiscal year 2024, which is generally considered healthy.
What is Fractyl Health's debt-to-equity ratio?
Fractyl Health (GUTS) had a debt-to-equity ratio of 2.80 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fractyl Health's return on assets (ROA)?
Fractyl Health (GUTS) had a return on assets of -63.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Fractyl Health's cash runway?
Based on fiscal year 2024 data, Fractyl Health (GUTS) had $67.5M in cash against an annual operating cash burn of $65.5M. This gives an estimated cash runway of approximately 12 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Fractyl Health's Piotroski F-Score?
Fractyl Health (GUTS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fractyl Health's earnings high quality?
Fractyl Health (GUTS) has an earnings quality ratio of 0.95x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Fractyl Health?
Fractyl Health (GUTS) scores 21 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.