Welcome to our dedicated page for Galectin Therapeutics SEC filings (Ticker: GALT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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Galectin Therapeutics Inc. furnished a Current Report on Form 8-K on August 14, 2025 announcing its results of operations and financial condition for the six months ended June 30, 2025 and providing a business update. The company incorporated by reference a press release dated August 14, 2025 filed as Exhibit 99.1 and included an interactive cover page XBRL as Exhibit 104. The filing notes that the press release contains forward-looking statements subject to risks described in Galectin's Annual Report for the year ended December 31, 2024. The information in Item 2.02 is furnished, not filed.
Galectin Therapeutics reported cash of $13.771 million and a six-month net loss of $17.152 million. Operating expenses for the six months fell to $12.522 million from $20.939 million a year earlier, driven by lower research and development spending ($9.746 million versus $17.867 million). Net cash used in operating activities improved to $14.291 million from $20.438 million. The balance sheet shows total liabilities of $132.769 million and stockholders' deficit of $(118.890 million), including $88.150 million of borrowings and accrued interest under related-party convertible lines of credit and $1.537 million of derivative liabilities. Management discloses substantial doubt about the company’s ability to continue as a going concern but states available credit and a new related-party $10 million supplemental line provide belief that planned operations can be funded through June 30, 2026.
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