Galectin Therapeutics (GALT)


Market Price (10/5/2026): $3.85 | Market Cap: $253.6 MilSector: Health Care | Industry: Biotechnology

Galectin Therapeutics (GALT)


Market Price (10/5/2026): $3.85
Market Cap: $253.6 Mil
Sector: Health Care
Industry: Biotechnology

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more.

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14%

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -16 Mil

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -15%

Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 25.16

Key risks
GALT key risks include [1] its total dependence on the uncertain clinical and regulatory success of its sole drug candidate, Show more.

0 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more.
1 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14%
2 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -16 Mil
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -15%
5 Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 25.16
6 Key risks
GALT key risks include [1] its total dependence on the uncertain clinical and regulatory success of its sole drug candidate, Show more.

GALT in ETFs

Weight = GALT's share of each fund

VTI0.00%
IWM0.01%
IWN0.59%
IWO0.01%
VTWO0.01%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/1/2026

Galectin Therapeutics (GALT) stock has lost about 15% since 6/30/2026 because of the following key factors:

1. Galectin Therapeutics reported a wider net loss and missed analyst estimates for fiscal Q2 2026 (ended June 30, 2026), reporting an EPS of -$0.14 against a consensus estimate of -$0.09. The company's net loss applicable to common stockholders increased to $9.2 million, or ($0.14) per share, for the quarter ended June 30, 2026, compared to $7.6 million, or ($0.12) per share, for the same period in the prior fiscal year. Furthermore, management raised "substantial doubt" about the company's ability to continue as a going concern beyond June 2027 without securing additional capital.

2. Significant share dilution occurred due to the conversion of $105.8 million in debt to equity by the company's chairman, Richard E. Uihlein. Effective July 31, 2026, approximately $91.0 million in principal and $14.8 million in accrued interest were converted into 34,376,167 newly issued common shares. While this transaction strengthened the balance sheet by eliminating debt, it also contributed to a substantial dilution of existing shareholders, with total shares outstanding growing by 57.4% over the past year.

Show more
Updated on 10/1/2026

Galectin Therapeutics (GALT) stock has lost about 15% since 6/30/2026 because of the following key factors:

1. Galectin Therapeutics reported a wider net loss and missed analyst estimates for fiscal Q2 2026 (ended June 30, 2026), reporting an EPS of -$0.14 against a consensus estimate of -$0.09. The company's net loss applicable to common stockholders increased to $9.2 million, or ($0.14) per share, for the quarter ended June 30, 2026, compared to $7.6 million, or ($0.12) per share, for the same period in the prior fiscal year. Furthermore, management raised "substantial doubt" about the company's ability to continue as a going concern beyond June 2027 without securing additional capital.

2. Significant share dilution occurred due to the conversion of $105.8 million in debt to equity by the company's chairman, Richard E. Uihlein. Effective July 31, 2026, approximately $91.0 million in principal and $14.8 million in accrued interest were converted into 34,376,167 newly issued common shares. While this transaction strengthened the balance sheet by eliminating debt, it also contributed to a substantial dilution of existing shareholders, with total shares outstanding growing by 57.4% over the past year.

3. A September 14, 2026, presentation at the H.C. Wainwright 28th Annual Global Investment Conference, while highlighting plans for a Phase III trial, noted that the main composite endpoint for the NAVIGATE Phase IIb study did not reach statistical significance in the full study population. This clarification of the Phase IIb data, despite overall encouraging results and positive FDA feedback on Phase III trial design in late fiscal Q2 2026, may have introduced caution among investors regarding belapectin's broad efficacy.

4. The company continues to actively seek strategic and financial partners to support the continued development and commercialization of belapectin for MASH cirrhosis with portal hypertension. Despite reaching an agreement with the FDA on key elements of the planned Phase III trial, the ongoing need to secure external partnerships for funding and commercialization may be perceived by the market as a lingering uncertainty or a challenge in advancing their lead drug candidate.

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Stock Movement Drivers

Fundamental Drivers

The -15.9% change in GALT stock from 6/30/2026 to 10/4/2026 was primarily driven by a -0.1% change in the company's Shares Outstanding (Mil).
(LTM values as of)630202610042026Change
Stock Price ($)4.643.90-15.9%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)6666-0.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/4/2026
ReturnCorrelation
GALT-15.9% 
Market (SPY)3.1%1.0%
Sector (XLV)4.7%9.4%

Fundamental Drivers

The 39.8% change in GALT stock from 3/31/2026 to 10/4/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)331202610042026Change
Stock Price ($)2.793.9039.8%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)6566-1.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/4/2026
ReturnCorrelation
GALT39.8% 
Market (SPY)18.6%7.3%
Sector (XLV)13.8%22.0%

Fundamental Drivers

The -7.9% change in GALT stock from 9/30/2025 to 10/4/2026 was primarily driven by a -3.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202510042026Change
Stock Price ($)4.243.90-7.9%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)6366-3.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/4/2026
ReturnCorrelation
GALT-7.9% 
Market (SPY)16.5%9.9%
Sector (XLV)20.9%14.9%

Fundamental Drivers

The 103.1% change in GALT stock from 9/30/2023 to 10/4/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202310042026Change
Stock Price ($)1.923.90103.1%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)6066-9.6%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/4/2026
ReturnCorrelation
GALT103.1% 
Market (SPY)86.2%9.3%
Sector (XLV)35.2%6.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GALT Return-8%-45%47%-22%222%-6%75%
Peers Return27%70%6%18%11%110%527%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
GALT Win Rate25%17%58%67%50%44% 
Peers Win Rate52%53%37%53%48%51% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
GALT Max Drawdown-59%-58%-45%-80%-39%-50% 
Peers Max Drawdown-39%-39%-48%-47%-39%-26% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MDGL, VKTX, MRNA, REGN, BMY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/2/2026 (YTD)

How Low Can It Go

EventGALTS&P 500
2025 US Tariff Shock
  % Loss-19.7%-18.8%
  % Gain to Breakeven24.6%23.1%
  Time to Breakeven37 days79 days
2024 Yen Carry Trade Unwind
  % Loss-12.8%-7.8%
  % Gain to Breakeven14.7%8.5%
  Time to Breakeven10 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-12.1%-9.5%
  % Gain to Breakeven13.8%10.5%
  Time to Breakeven13 days24 days
2023 SVB Regional Banking Crisis
  % Loss-14.8%-6.7%
  % Gain to Breakeven17.4%7.1%
  Time to Breakeven15 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-48.5%-24.5%
  % Gain to Breakeven94.1%32.4%
  Time to Breakeven65 days427 days
2020 COVID-19 Crash
  % Loss-40.3%-33.7%
  % Gain to Breakeven67.5%50.9%
  Time to Breakeven42 days140 days

Compare to MDGL, VKTX, MRNA, REGN, BMY

In The Past

Galectin Therapeutics's stock fell -19.7% during the 2025 US Tariff Shock. Such a loss loss requires a 24.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventGALTS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-48.5%-24.5%
  % Gain to Breakeven94.1%32.4%
  Time to Breakeven65 days427 days
2020 COVID-19 Crash
  % Loss-40.3%-33.7%
  % Gain to Breakeven67.5%50.9%
  Time to Breakeven42 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-40.0%-19.2%
  % Gain to Breakeven66.8%23.8%
  Time to Breakeven51 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-63.6%-3.7%
  % Gain to Breakeven174.5%3.9%
  Time to Breakeven103 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-51.8%-12.2%
  % Gain to Breakeven107.4%13.9%
  Time to Breakeven225 days62 days
2014-2016 Oil Price Collapse
  % Loss-82.7%-6.8%
  % Gain to Breakeven479.6%7.3%
  Time to Breakeven854 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-34.1%-17.9%
  % Gain to Breakeven51.9%21.8%
  Time to Breakeven719 days123 days
2008-2009 Global Financial Crisis
  % Loss-91.3%-53.4%
  % Gain to Breakeven1050.0%114.4%
  Time to Breakeven529 days1085 days
Summer 2007 Credit Crunch
  % Loss-35.8%-8.6%
  % Gain to Breakeven55.8%9.5%
  Time to Breakeven6 days47 days

Compare to MDGL, VKTX, MRNA, REGN, BMY

In The Past

Galectin Therapeutics's stock fell -19.7% during the 2025 US Tariff Shock. Such a loss loss requires a 24.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Galectin Therapeutics (GALT)

Galectin Therapeutics Inc. (GALT) is a clinical-stage biopharmaceutical company dedicated to the research and development of innovative therapies for serious diseases, including various fibrotic conditions and cancer. The company's core strategy revolves around inhibiting galectin-3, a protein identified as playing a key role in the progression of these diseases.

The company's flagship product candidate is belapectin (GR-MD-02), a galectin-3 inhibitor currently undergoing Phase III clinical trials. Belapectin is primarily being developed for the treatment of liver fibrosis associated with fatty liver disease and non-alcoholic steatohepatitis (NASH) cirrhosis, a significant unmet medical need, and also for certain cancers. Galectin Therapeutics is further exploring belapectin's potential applications in other fibrotic diseases such as psoriasis and lung and kidney fibrosis, while also advancing GM-CT-01 in pre-clinical development for cardiac and vascular fibrosis. Through a joint venture, the company is also developing small organic molecule galectin-3 inhibitors for oral use, targeting patients with these severe conditions.

AI Analysis | Feedback

Here are 1-3 brief analogies for Galectin Therapeutics (GALT):

  • Like an early-stage Moderna focused on fibrosis and cancer, with its lead drug, belapectin, in advanced clinical trials.
  • Similar to an early-stage Vertex Pharmaceuticals, but developing a novel drug (belapectin) for liver fibrosis and cancer instead of cystic fibrosis.
  • A clinical-stage Biogen or Amgen dedicated to developing a lead drug, belapectin, for liver fibrosis and cancer.

AI Analysis | Feedback

  • belapectin (GR-MD-02): A galectin-3 inhibitor in Phase III clinical trials for liver fibrosis associated with fatty liver disease and non-alcoholic steatohepatitis cirrhosis, and for cancer, with further development for psoriasis, and lung and kidney fibrosis.
  • GM-CT-01: A product candidate in pre-clinical development for the treatment of cardiac and vascular fibrosis.

AI Analysis | Feedback

As a clinical stage biopharmaceutical company focused on research and development of product candidates (belapectin, GM-CT-01) that are currently in various stages of clinical trials (Phase III) or pre-clinical development, Galectin Therapeutics (GALT) does not currently have major customers for commercialized products. The company is primarily engaged in developing therapies rather than selling them to end-users (individuals) or other companies for commercial distribution at this time.

AI Analysis | Feedback

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AI Analysis | Feedback

Joel Lewis, Chief Executive Officer and President

Mr. Lewis has served as the CEO and President of Galectin Therapeutics since September 2020 and has been a member of its Board of Directors since 2017. He is a financial executive with over 25 years of experience, beginning his career in public accounting in 1992. From 2007 through 2019, Mr. Lewis was the Managing Director of Shareholder Services at Uline, Inc. Earlier, he held roles as a Tax and Accounting Manager for Century America LLC from 2001 to 2006 and a Tax Manager for Deloitte & Touche from 1998 to 2001. His expertise spans taxation, restructuring, acquisition, and private equity ventures. Mr. Lewis is a registered CPA in Illinois and holds a B.S. in Accountancy from the University of Illinois and a Masters in Taxation from DePaul University.

Jack Callicutt, Chief Financial Officer

Mr. Callicutt brings over 22 years of experience in public and private companies, including more than a decade in audit, tax, and SEC registrant roles with a major accounting firm, Deloitte. Prior to joining Galectin Therapeutics, he was the CFO for REACH Health, Inc., a telemedicine firm, where he completed a $4 million private placement. He also held CFO positions at private companies such as IVOX and Tikvah Therapeutics, and at Coratus Genetics, a publicly traded biopharmaceutical company. Mr. Callicutt is a Certified Public Accountant and earned a BBA in Accounting and Computer Science, cum laude, from Delta State University.

Khurram Jamil, M.D., Chief Medical Officer

Dr. Jamil has nearly two decades of experience leading drug development across various stages of clinical trials within the pharmaceutical industry. His research has primarily focused on areas of high unmet need, including Hepatology, critical care, and transplant. He began his industry career with Organon, working on late-phase trials for Sugammadex. Subsequently, he joined Ikaria in a translational science role, managing several molecules in early-phase development, and most recently served as Vice President of Hepatology at Mallinckrodt.

Sharisse Brutto, Director, Project Management

Ms. Brutto has over 15 years of project management experience, with nearly 10 years in the pharmaceutical industry, specializing in small biotechnology organizations. She previously led project management efforts for Cellectar BioSciences, Inc.

Seth Zuckerman, M.S., Senior Director of Biostatistics

Mr. Zuckerman has over 28 years of experience in the pharmaceutical industry. He has served as a Statistician for 23 years and has also worked in Clinical Data Management and Clinical Trial Management. Before joining Galectin Therapeutics, Mr. Zuckerman was the Senior Director of Biostatistics at Cytel Inc. for 13 years, where he led numerous international projects for pharmaceutical and biotechnology companies.

AI Analysis | Feedback

The key risks to Galectin Therapeutics' business are predominantly tied to its status as a clinical-stage biopharmaceutical company with its lead product candidate, belapectin, in advanced development.

Key Risks to Galectin Therapeutics (GALT)

1. Clinical Trial Outcomes and Regulatory Approval for Belapectin: The most significant risk stems from the potential failure of belapectin's ongoing clinical trials or the inability to secure regulatory approvals. Galectin Therapeutics' lead product candidate, belapectin, is a galectin-3 inhibitor that was in a seamless Phase 2b/3 clinical trial for the treatment of liver fibrosis associated with fatty liver disease and non-alcoholic steatohepatitis (NASH) cirrhosis. The company has since terminated the seamless Phase 2b/3 study based on FDA feedback and plans to pursue the Phase 3 portion separately. The success or failure of these trials and subsequent regulatory hurdles, including ongoing discussions with the FDA to finalize trial design, are critical for the company's future. The company has acknowledged that the full analysis of trial data may not produce positive results, or it may fail to secure the necessary regulatory approvals. Given that belapectin is the primary near-term value driver, any setbacks in its clinical development or approval process would have a substantial negative impact.

2. Capital Access and Financial Instability: As a clinical-stage biopharmaceutical company that has incurred operating losses since its inception and generates no revenue, Galectin Therapeutics faces significant financial risk. The company continuously requires substantial capital to fund its expensive clinical trials and ongoing operations. While the company recently secured a new $10 million line of credit, extending its cash runway through at least March 2027, this is considered a short-term solution and does not address the long-term funding requirements for extensive drug development and potential commercialization. The ability to raise additional capital or form strategic partnerships is crucial for the continued development of belapectin and other pipeline candidates.

3. Manufacturing Scalability and Regulatory Compliance: There is a risk that Galectin Therapeutics may not be successful in scaling up the manufacturing of belapectin to commercial levels and meeting stringent Chemistry, Manufacturing, and Control (CMC) requirements. Belapectin is described as a complex carbohydrate drug, and regulatory requirements for this relatively new drug class are evolving, which could pose challenges in manufacturing and characterization in a timely and cost-effective manner.

AI Analysis | Feedback

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AI Analysis | Feedback

Galectin Therapeutics (GALT) operates in several addressable markets for its main products and services.

For Belapectin (GR-MD-02):

  • For liver fibrosis associated with fatty liver disease and non-alcoholic steatohepatitis (NASH) cirrhosis, the global liver fibrosis treatment market size was USD 18.32 billion in 2024 and is expected to exceed USD 52.26 billion by 2034. The U.S. liver fibrosis treatment market was valued at USD 4.87 billion in 2024 and is projected to reach approximately USD 14.18 billion by 2034. The global non-alcoholic steatohepatitis (NASH) market size is estimated to be USD 9.84 billion in 2025.
  • For the treatment of cancer, the global cancer therapeutics market size is projected to reach USD 469.38 billion by 2034, growing from USD 212.58 billion in 2025. The U.S. cancer therapeutics and biotherapeutics market was valued at USD 55.72 billion in 2024 and is projected to reach approximately USD 128.91 billion by 2034.
  • For psoriasis, the global psoriasis treatment market was estimated at USD 30.5 billion in 2025 and is expected to reach USD 68.4 billion in 2034. The U.S. psoriasis treatment market was valued at USD 10.4 billion in 2024.
  • For lung fibrosis, the global idiopathic pulmonary fibrosis market size was valued at USD 4.54 billion in 2024 and is projected to reach USD 9.23 billion by 2033.
  • For kidney fibrosis, the global kidney fibrosis treatment market size is projected to grow from USD 6.06 billion in 2025 to USD 8.84 billion in 2030.

For GM-CT-01:

  • For cardiac fibrosis, the global myocardial fibrosis market size was valued at USD 866.01 million in 2024 and is projected to reach USD 1,756.48 million by 2035.
  • Information specific to the addressable market for vascular fibrosis treatment was not found.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Galectin Therapeutics (GALT) over the next 2-3 years:

  1. Advancement and Regulatory Milestones for Belapectin in MASH Cirrhosis: The primary driver will be the continued clinical progression and regulatory feedback for belapectin (GR-MD-02) in the treatment of liver fibrosis associated with Metabolic Dysfunction-Associated Steatohepatitis (MASH) cirrhosis. Positive feedback from the FDA on the NAVIGATE trial data, anticipated by year-end 2025, and a defined pathway towards pivotal Phase 3 trials are crucial to de-risk the asset and establish a clear path to market.
  2. Formation of Strategic Partnerships or Licensing Agreements: Given the substantial investment required for late-stage clinical trials and commercialization, securing strategic partnerships or licensing agreements for belapectin, particularly for the MASH cirrhosis indication, would provide significant non-dilutive capital and commercialization expertise. Such collaborations would be instrumental in maximizing the value of the program and accelerating its market entry.
  3. Progress in Oncology Indications for Belapectin: The development of belapectin as a combination therapy in cancer, specifically for head and neck squamous cell carcinoma and metastatic melanoma, represents another potential revenue stream. Successful advancement through ongoing clinical trials and positive efficacy data in these oncology settings would expand belapectin's market potential beyond fibrotic diseases.
  4. Development of an Oral Belapectin Formulation: The successful development and initial clinical progress of an oral formulation of belapectin could significantly enhance its commercial potential. An oral drug offers greater patient convenience and broader accessibility, which would be a key advantage in chronic indications like MASH cirrhosis, thereby expanding future revenue opportunities.

AI Analysis | Feedback

Share Issuance

  • Kevin D. Freeman, a director, acquired 5,500 shares of common stock for $19,514 in December 2025.
  • In January 2026, the CFO, Jack W. Callicutt, acquired 60,000 shares of common stock at no cost through the vesting of Restricted Stock Units.
  • Shares outstanding were approximately 64.47 million as of December 2025.

Inbound Investments

  • As of December 31, 2024, the company had $15.1 million in unrestricted cash and cash equivalents.
  • Galectin Therapeutics secured an additional $5 million line of credit from its chairman in March 2025.
  • The company announced another $10 million line of credit from its chairman around December 2025/January 2026.

Capital Expenditures

  • Galectin Therapeutics' average capital expenditures over the last five years have been $0.
  • The latest trailing twelve months (TTM) capital expenditures also stand at $0.
  • The median capital expenditures for the company over the past five years were $0.

Peer Outperformance in Biotechnology

GALT has outperformed 79% of its 361 Biotechnology peers over 5Y. Biotechnology ranks 10th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Biotechnology constituents that GALT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
55%
of 453 industry peers · -9.9% return
3Y
74%
of 401 industry peers · 81.4% return
5Y
79%
of 361 industry peers · 7.7% return
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Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is GALT's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 12.8%43.2%91.3% CAH 414% · MCK 366% · COR 175%
Health Care Services 20 18.8%36.3%9.1% HIMS 295% · RDNT 144% · DGX 81%
Managed Health Care 8 25.4%-8.6%4.2% OSCR 92% · HQY 38% · ELV 11%
Health Care Facilities 24 -2.1%5.0%-3.6% THC 291% · NHC 272% · ENSG 131%
Health Care Equipment 50 -8.9%-0.2%-16.2% POCI 11050% · UFPT 374% · GKOS 253%
Pharmaceuticals 62 -7.4%-2.8%-30.9% INDV 1117% · ETON 1046% · LQDA 953%
Health Care Supplies 12 21.5%-4.9%-37.5% LNTH 296% · HAE 52% · MMSI 19%
Life Sciences Tools & Services 109 -5.7%-11.3%-66.7% SNWV 1867% · NTRA 269% · MEDP 210%
Health Care Technology 21 -35.8%-55.3%-79.1% SPOK 79% · HSTM 10% · VEEV -2%
Biotechnology ← 362 -18.3%-24.6%-79.3% CELZ 1252% · ELVN 1139% · DNTH 1108%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Galectin Therapeutics Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GALTMDGLVKTXMRNAREGNBMYMedian
NameGalectin.Madrigal.Viking T.Moderna Regenero.Bristol-. 
Mkt Price3.85498.7130.24189.81735.6461.00125.41
Mkt Cap0.314.53.575.575.6124.645.0
Rev LTM01,28402,21015,53549,1871,747
Op Inc LTM-16-323-560-3,3204,17413,842-169
FCF LTM-16-206-418-1,2443,57511,440-111
FCF 3Y Avg-28-323-214-2,9083,43912,988-121
CFO LTM-16-198-418-1,0734,68112,782-107
CFO 3Y Avg-28-318-214-2,3374,49814,282-121

Growth & Margins

GALTMDGLVKTXMRNAREGNBMYMedian
NameGalectin.Madrigal.Viking T.Moderna Regenero.Bristol-. 
Rev Chg LTM-149.0%--27.7%9.3%3.1%6.2%
Rev Chg 3Y Avg----39.7%7.0%2.9%2.9%
Rev Chg Q-71.2%-4.4%16.7%5.7%11.2%
QoQ Delta Rev Chg LTM-13.4%-0.3%4.1%1.5%2.8%
Op Inc Chg LTM54.1%-4.1%-163.1%-1.4%6.1%39.1%2.3%
Op Inc Chg 3Y Avg21.4%-7.7%-96.1%-325.2%-1.7%22.3%-4.7%
Op Mgn LTM--25.1%--150.2%26.9%28.1%0.9%
Op Mgn 3Y Avg--1,236.0%--116.8%28.2%21.4%-47.7%
QoQ Delta Op Mgn LTM-2.6%-4.6%1.1%0.1%1.8%
CFO/Rev LTM--15.4%--48.6%30.1%26.0%5.3%
CFO/Rev 3Y Avg--1,047.4%--67.3%31.2%29.9%-18.7%
FCF/Rev LTM--16.0%--56.3%23.0%23.3%3.5%
FCF/Rev 3Y Avg--1,063.3%--83.5%23.9%27.2%-29.8%

Valuation

GALTMDGLVKTXMRNAREGNBMYMedian
NameGalectin.Madrigal.Viking T.Moderna Regenero.Bristol-. 
Mkt Cap0.314.53.575.575.6124.645.0
P/S-11.3-34.24.92.58.1
P/Op Inc-16.2-45.1-6.3-22.818.19.0-11.3
P/EBIT-12.6-49.5-6.3-24.814.59.1-9.5
P/E-9.1-44.7-6.6-24.017.513.4-7.8
P/CFO-16.0-73.5-8.4-70.416.29.7-12.2
Total Yield-10.8%-2.2%-15.4%-4.2%6.2%11.5%-3.2%
Dividend Yield0.0%0.0%0.0%0.0%0.5%4.1%0.0%
FCF Yield 3Y Avg-18.4%-4.2%-5.2%-15.3%4.9%12.4%-4.7%
D/E0.50.00.00.00.00.40.0
Net D/E0.5-0.0-0.1-0.1-0.10.3-0.0

Returns

GALTMDGLVKTXMRNAREGNBMYMedian
NameGalectin.Madrigal.Viking T.Moderna Regenero.Bristol-. 
1M Rtn-16.5%-7.8%-13.3%30.4%-11.1%-7.8%-9.5%
3M Rtn-14.6%-5.6%-19.2%138.0%12.6%6.0%0.2%
6M Rtn44.2%-8.8%-13.1%285.8%-3.2%4.6%0.7%
12M Rtn-11.1%12.6%1.7%566.2%23.2%40.2%17.9%
3Y Rtn79.1%255.0%171.0%84.3%-10.7%24.5%81.7%
1M Excs Rtn-14.8%-9.5%-10.5%25.1%-14.4%-9.6%-10.1%
3M Excs Rtn-19.3%-8.3%-24.4%129.6%10.9%6.2%-1.0%
6M Excs Rtn27.1%-26.1%-30.6%268.5%-20.5%-12.7%-16.6%
12M Excs Rtn-22.8%-4.0%-4.7%572.7%8.2%21.1%2.1%
3Y Excs Rtn33.1%148.7%95.4%10.3%-91.5%-57.9%21.7%

Comparison Analyses

null

Financials

Segment Financials

Operating Income by Segment
$ Mil202520242023
Creating new therapies for fibrotic disease based on targeting galectin proteins-20-42-38
Total-20-42-38


Net Income by Segment
$ Mil202520242023
Creating new therapies for fibrotic disease based on targeting galectin proteins-31-47-45
Total-31-47-45


Assets by Segment
$ Mil20232022202120202019
Single Segment2821423048
Total2821423048


Price Behavior

Price Behavior
Market Price$3.90 
Market Cap ($ Bil)0.3 
First Trading Date09/09/2002 
Distance from 52W High-40.1% 
   50 Days200 Days
DMA Price$3.72$3.26
DMA Trenddownup
Distance from DMA4.8%19.8%
 3M1YR
Volatility85.3%91.9%
Downside Capture170.99116.33
Upside Capture66.7084.13
Correlation (SPY)-0.7%9.8%
GALT Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta1.071.360.000.540.690.58
Up Beta-2.52-2.62-2.400.480.800.54
Down Beta4.491.84-1.88-0.88-0.310.35
Up Capture100%373%65%122%78%54%
Bmk +ve Days6162766132424
Stock +ve Days9233061119357
Down Capture140%120%174%74%109%88%
Bmk -ve Days16263760120328
Stock -ve Days13193464128363

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GALT
GALT-6.7%91.5%0.34-
Sector ETF (XLV)17.4%15.7%0.8215.5%
Equity (SPY)16.2%13.0%0.8810.0%
Gold (GLD)6.8%29.6%0.226.4%
Commodities (DBC)44.9%20.8%1.67-13.3%
Real Estate (VNQ)1.5%13.6%-0.157.3%
Bitcoin (BTCUSD)-28.9%44.3%-0.647.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GALT
GALT-1.1%88.3%0.38-
Sector ETF (XLV)6.4%15.2%0.239.2%
Equity (SPY)13.1%17.2%0.5814.0%
Gold (GLD)18.4%18.9%0.793.4%
Commodities (DBC)10.3%19.6%0.410.2%
Real Estate (VNQ)0.7%18.8%-0.079.0%
Bitcoin (BTCUSD)14.6%52.2%0.458.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GALT
GALT3.2%93.2%0.46-
Sector ETF (XLV)10.4%16.7%0.5015.9%
Equity (SPY)15.3%17.9%0.7219.6%
Gold (GLD)11.5%16.4%0.573.0%
Commodities (DBC)8.2%18.1%0.376.2%
Real Estate (VNQ)4.2%20.7%0.1614.5%
Bitcoin (BTCUSD)64.1%66.2%1.045.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity9.3 Mil
Short Interest: % Change Since 83120262.9%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest25.2 days
Basic Shares Quantity65.9 Mil
Short % of Basic Shares14.2%

Earnings Returns History

Updated 9/17/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/14/2026-2.5%1.1%8.8%
5/15/2026-7.7%7.2%11.5%
11/14/2025-0.4%3.8%12.1%
8/14/20252.5%6.3%46.3%
5/15/20251.5%-1.5%5.4%
11/14/2024-5.2%-2.9%-27.2%
8/13/20246.6%11.4%29.9%
5/15/20247.7%13.7%-6.3%
...
SUMMARY STATS   
# Positive101311
# Negative12911
Median Positive5.3%7.2%12.1%
Median Negative-4.0%-3.4%-14.6%
Max Positive7.7%24.5%108.9%
Max Negative-7.7%-10.6%-28.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/14/2026-2.5%1.1%8.8%
5/15/2026-7.7%7.2%11.5%
11/14/2025-0.4%3.8%12.1%
8/14/20252.5%6.3%46.3%
5/15/20251.5%-1.5%5.4%
11/14/2024-5.2%-2.9%-27.2%
8/13/20246.6%11.4%29.9%
5/15/20247.7%13.7%-6.3%
3/29/2024-0.8%24.5%43.2%
11/13/2023-7.1%-6.7%-21.4%
8/14/20230.0%8.1%20.1%
5/15/2023-3.0%3.6%-14.8%
3/30/20235.3%-2.4%-14.6%
11/14/20225.6%8.0%-8.4%
8/15/20225.3%-3.4%-11.1%
5/16/2022-7.4%-5.9%-11.0%
3/31/2022-5.8%-3.5%-9.4%
11/15/2021-5.0%-10.6%-28.2%
8/16/2021-2.7%-0.3%9.8%
5/17/20213.5%0.5%-17.3%
3/31/20216.9%17.2%108.9%
11/9/2020-2.3%6.6%3.5%
SUMMARY STATS   
# Positive101311
# Negative12911
Median Positive5.3%7.2%12.1%
Median Negative-4.0%-3.4%-14.6%
Max Positive7.7%24.5%108.9%
Max Negative-7.7%-10.6%-28.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/15/202610-Q
12/31/202503/31/202610-K
09/30/202511/14/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/13/202410-Q
03/31/202405/15/202410-Q
12/31/202303/29/202410-K
09/30/202311/13/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/30/202310-K
09/30/202211/14/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/15/202610-Q
12/31/202503/31/202610-K
09/30/202511/14/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/13/202410-Q
03/31/202405/15/202410-Q
12/31/202303/29/202410-K
09/30/202311/13/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/30/202310-K
09/30/202211/14/202210-Q
06/30/202208/15/202210-Q
03/31/202205/16/202210-Q
12/31/202103/31/202210-K
09/30/202111/15/202110-Q
06/30/202108/16/202110-Q
03/31/202105/17/202110-Q
12/31/202003/31/202110-K
09/30/202011/09/202010-Q
06/30/202008/10/202010-Q
03/31/202005/11/202010-Q
12/31/201903/16/202010-K
09/30/201911/12/201910-Q

Recent Forward Guidance

Updated 10/4/2026

Latest: Q2 2026 Earnings Reported 8/14/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Cash RunwayReported      


Prior: Q1 2026 Earnings Reported 5/15/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Cash RunwayReported      
2026 Available Line of CreditReported 10.00 Mil    

Q3 2025 Earnings Reported 11/14/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Cash RunwayReported      

Insider Activity

Updated 8/4/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Jamil, KhurramChief Medical OfficerDirectSell71620265.1316,250  Form
2Shlevin, Harold H DirectSell63020265.0422,268112,23132,760Form
3Jamil, KhurramChief Medical OfficerDirectSell63020265.0447,467  Form
4Shlevin, Harold H DirectSell63020265.007,73238,66032,500Form
5Jamil, KhurramChief Medical OfficerDirectSell63020265.004,570  Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Jamil, KhurramChief Medical OfficerDirectSell71620265.1316,250  Form
2Shlevin, Harold H DirectSell63020265.0422,268112,23132,760Form
3Jamil, KhurramChief Medical OfficerDirectSell63020265.0447,467  Form
4Shlevin, Harold H DirectSell63020265.007,73238,66032,500Form
5Jamil, KhurramChief Medical OfficerDirectSell63020265.004,570  Form
6Jamil, KhurramChief Medical OfficerDirectSell62520263.147,557  Form
7Jamil, KhurramChief Medical OfficerDirectSell52820263.10568  Form
8Eldred, Kary DirectBuy20920262.70300810177,341Form
9Lewis, JoelPresident and CEODirectSell10620263.5837,698134,8532,978,348Form
10Callicutt, Jack WChief Financial OfficerDirectSell10620263.6720,35474,69527,942Form
11Jamil, KhurramChief Medical OfficerDirectSell10620263.6521,446  Form
12Lewis, JoelPresident and CEODirectSell10620263.9127,731108,3423,400,136Form
13Callicutt, Jack WChief Financial OfficerDirectSell10620263.9025,732100,298109,014Form
14Jamil, KhurramChief Medical OfficerDirectSell10620263.9025,49999,40883,607Form
15Lewis, JoelPresident and CEODirectSell10620264.2018,57177,9393,768,815Form
16Callicutt, Jack WChief Financial OfficerDirectSell10620264.2013,91458,394225,368Form
17Jamil, KhurramChief Medical OfficerDirectSell10620264.2013,05554,789197,019Form
18Jamil, KhurramChief Medical OfficerDirectSell10520264.078,125  Form
19Eldred, Kary DirectBuy122320253.737002,611243,875Form
20Freeman, Kevin D DirectBuy122320253.555,50019,514196,094Form
21Eldred, Kary DirectBuy122320253.737002,611243,875Form
22Lewis, JoelPresident and CEODirectSell121920257.067,82955,2415,874,769Form
23Jamil, KhurramChief Medical OfficerDirectSell121920257.0419,442  Form
24Shlevin, Harold H DirectSell121920257.0424,499172,42445,747Form
2510x, Fund, LPDirectSell121820256.6630,681204,33537,392,284Form
26Shlevin, Harold H DirectSell121620256.308,41753,02770,598Form
27Shlevin, Harold H DirectSell121620256.2719,793124,18170,306Form
28Shlevin, Harold H DirectSell121020256.2716,790105,20670,217Form
29Shlevin, Harold H DirectSell121020255.98139,000830,86566,983Form
30Shlevin, Harold H DirectSell121020255.9620,000119,24066,810Form
3110x, Fund, LPDirectSell120420255.73120,000687,60032,559,046Form
3210x, Fund, LPDirectSell120420255.4730,000164,10031,738,072Form
33Lewis, JoelPresident and CEODirectSell111920256.156,78341,7235,121,357Form
34Callicutt, Jack WChief Financial OfficerDirectSell111920256.2246,310288,18747,382Form
35Lewis, JoelPresident and CEODirectSell111920256.0415,68094,6435,025,442Form
36Callicutt, Jack WChief Financial OfficerDirectSell111920256.0331,610190,66245,925Form
37Jamil, KhurramChief Medical OfficerDirectSell111420255.47104,867573,62224,500Form
38Jamil, KhurramChief Medical OfficerDirectSell111420255.4716,25088,88824,500Form
3910x, Fund, LPDirectSell111220255.2540,000210,00030,619,087Form
40Callicutt, Jack WChief Financial OfficerDirectSell111220256.035,29131,88445,882Form
41Lewis, JoelPresident and CEODirectSell111020256.031,86711,2525,017,949Form
42Lewis, JoelPresident and CEODirectSell110720256.002001,2004,995,552Form
43Callicutt, Jack WChief Financial OfficerDirectSell110720256.006003,60045,684Form
44Lewis, JoelPresident and CEODirectSell110520256.0714,42087,5295,053,833Form
45Callicutt, Jack WChief Financial OfficerDirectSell110520256.0728,629173,77846,217Form
46Lewis, JoelPresident and CEODirectSell110520256.011,3007,8135,003,878Form
47Callicutt, Jack WChief Financial OfficerDirectSell110520256.012,56015,38645,760Form
48Callicutt, Jack WChief Financial OfficerDirectSell110520256.011,2507,51245,760Form
4910x, Fund, LPDirectSell102320254.9450,000246,80028,985,214Form
50Callicutt, Jack WChief Financial OfficerDirectSell91520256.448,70656,05449,023Form
51Lewis, JoelPresident and CEODirectSell91520256.3614,00089,0485,295,785Form
Core Cache Last Updated: 10/4/2026