GT Biopharma (GTBP)


Market Price (8/25/2026): $0.32 | Market Cap: $12.4 MilSector: Health Care | Industry: Biotechnology

GT Biopharma (GTBP)


Market Price (8/25/2026): $0.32
Market Cap: $12.4 Mil
Sector: Health Care
Industry: Biotechnology

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

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -41%

Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, Precision Medicine, and Aging Population & Chronic Disease. Themes include Immuno-oncology Drug Development, Show more.

Weak multi-year price returns
2Y Excs Rtn is -123%, 3Y Excs Rtn is -172%

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 10%

Penny stock
Mkt Price is 0.3

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 -44%

High stock price volatility
Vol 12M is 123%

Key risks
GTBP key risks include [1] its total dependence on an unproven, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -41%
1 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, Precision Medicine, and Aging Population & Chronic Disease. Themes include Immuno-oncology Drug Development, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -123%, 3Y Excs Rtn is -172%
3 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 10%
4 Penny stock
Mkt Price is 0.3
5 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
6 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -16 Mil
7 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 -44%
8 High stock price volatility
Vol 12M is 123%
9 Key risks
GTBP key risks include [1] its total dependence on an unproven, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/24/2026

GT Biopharma (GTBP) stock has remained largely at the same level since 4/30/2026 because of the following key factors:

1. Narrowed Net Loss in Fiscal Q2 2026 Primarily Due to Non-Recurring Item, Coupled with Widening Operating Loss and Going Concern Risk.

GT Biopharma reported a net loss of approximately $4.5 million for fiscal Q2 2026 (ended June 30, 2026), a substantial improvement from the $30.2 million net loss in the comparable fiscal Q2 2025. This reduction in net loss was mainly attributable to the absence of a $28.7 million non-cash Greenshoe Rights liability recognized in the prior-year quarter. However, the company's operating loss widened to $4.5 million from $1.5 million in fiscal Q2 2025, driven by increased research and development (R&D) expenses, which rose to $1.1 million from $0.4 million, and a tripling of selling, general, and administrative (SG&A) expenses to $3.4 million from $1.1 million. Furthermore, with a cash balance of approximately $5.1 million as of June 30, 2026, the company anticipates sufficient cash runway only through fiscal Q4 2026, and management explicitly stated "substantial doubt about the company's ability to continue as a going concern" within one year without additional financing. This financial dynamic, where an improved net loss is overshadowed by increasing operational expenses and critical liquidity concerns, created a neutral to negative sentiment among investors.

2. Clinical Pipeline Progress in Early Stages Lacked Immediate Catalytic Data Releases.

During the period, GT Biopharma announced progress in its clinical pipeline, notably dosing the first patient in a Phase 1 basket trial for GTB-5550 TriKE® for B7-H3 positive solid tumors in May 2026. Additionally, the Phase 1 trial for GTB-3650 TriKE® for CD33 positive leukemias continued to advance, completing Cohort 4 with Cohort 5 enrollment underway. While these represent positive steps in pipeline development and an expansion into solid tumor indications, updates for both programs, including potential data readouts, are not anticipated until the second half of 2026. The absence of significant new clinical data releases within the specified timeframe (since April 30, 2026) meant there was no strong catalyst to drive substantial upward movement in the stock, leading investors to await more definitive clinical results.

Show more
Updated on 8/24/2026

GT Biopharma (GTBP) stock has remained largely at the same level since 4/30/2026 because of the following key factors:

1. Narrowed Net Loss in Fiscal Q2 2026 Primarily Due to Non-Recurring Item, Coupled with Widening Operating Loss and Going Concern Risk.

GT Biopharma reported a net loss of approximately $4.5 million for fiscal Q2 2026 (ended June 30, 2026), a substantial improvement from the $30.2 million net loss in the comparable fiscal Q2 2025. This reduction in net loss was mainly attributable to the absence of a $28.7 million non-cash Greenshoe Rights liability recognized in the prior-year quarter. However, the company's operating loss widened to $4.5 million from $1.5 million in fiscal Q2 2025, driven by increased research and development (R&D) expenses, which rose to $1.1 million from $0.4 million, and a tripling of selling, general, and administrative (SG&A) expenses to $3.4 million from $1.1 million. Furthermore, with a cash balance of approximately $5.1 million as of June 30, 2026, the company anticipates sufficient cash runway only through fiscal Q4 2026, and management explicitly stated "substantial doubt about the company's ability to continue as a going concern" within one year without additional financing. This financial dynamic, where an improved net loss is overshadowed by increasing operational expenses and critical liquidity concerns, created a neutral to negative sentiment among investors.

2. Clinical Pipeline Progress in Early Stages Lacked Immediate Catalytic Data Releases.

During the period, GT Biopharma announced progress in its clinical pipeline, notably dosing the first patient in a Phase 1 basket trial for GTB-5550 TriKE® for B7-H3 positive solid tumors in May 2026. Additionally, the Phase 1 trial for GTB-3650 TriKE® for CD33 positive leukemias continued to advance, completing Cohort 4 with Cohort 5 enrollment underway. While these represent positive steps in pipeline development and an expansion into solid tumor indications, updates for both programs, including potential data readouts, are not anticipated until the second half of 2026. The absence of significant new clinical data releases within the specified timeframe (since April 30, 2026) meant there was no strong catalyst to drive substantial upward movement in the stock, leading investors to await more definitive clinical results.

3. Nasdaq Compliance Issues and Ongoing Need for Dilutive Financing Created Uncertainty.

GT Biopharma continued to face regulatory challenges, remaining out of compliance with Nasdaq's $1.00 minimum bid price rule. The company received an extension until November 16, 2026, to regain compliance, with the risk of delisting if unsuccessful. This ongoing compliance issue introduces significant uncertainty and can deter potential investors. Compounding this, the limited cash runway through fiscal Q4 2026 necessitated ongoing efforts to secure additional funding, as evidenced by a registration statement filed on April 30, 2026, for a securities offering. The prospect of further dilutive financing rounds to maintain operations and advance clinical programs added a persistent downward pressure or ceiling on the stock price, contributing to its stable, albeit low, trading range.

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Stock Movement Drivers

Fundamental Drivers

The -0.8% change in GTBP stock from 4/30/2026 to 8/24/2026 was primarily driven by a -34.2% change in the company's Shares Outstanding (Mil).
(LTM values as of)43020268242026Change
Stock Price ($)0.310.31-0.8%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)2639-34.2%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/24/2026
ReturnCorrelation
GTBP-0.8% 
Market (SPY)6.2%29.9%
Sector (XLV)19.7%4.2%

Fundamental Drivers

The -53.7% change in GTBP stock from 1/31/2026 to 8/24/2026 was primarily driven by a -89.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)13120268242026Change
Stock Price ($)0.660.31-53.7%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)439-89.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/24/2026
ReturnCorrelation
GTBP-53.7% 
Market (SPY)10.6%20.3%
Sector (XLV)13.4%9.6%

Fundamental Drivers

The -83.6% change in GTBP stock from 7/31/2025 to 8/24/2026 was primarily driven by a -94.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)73120258242026Change
Stock Price ($)1.860.31-83.6%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)239-94.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/24/2026
ReturnCorrelation
GTBP-83.6% 
Market (SPY)21.8%19.9%
Sector (XLV)35.7%2.7%

Fundamental Drivers

The -96.3% change in GTBP stock from 7/31/2023 to 8/24/2026 was primarily driven by a -97.2% change in the company's Shares Outstanding (Mil).
(LTM values as of)73120238242026Change
Stock Price ($)8.250.31-96.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)139-97.2%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/24/2026
ReturnCorrelation
GTBP-96.3% 
Market (SPY)72.7%7.6%
Sector (XLV)36.3%2.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GTBP Return33%-71%-71%-60%-74%-63%-100%
Peers Return-37%-63%-16%-45%-44%71%-90%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
GTBP Win Rate33%42%25%42%50%25% 
Peers Win Rate35%35%38%37%33%60% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
GTBP Max Drawdown-84%-73%-80%-78%-85%-67% 
Peers Max Drawdown-59%-74%-69%-74%-66%-41% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SNTI, NKTX, FATE, MGNX, XNCR.
[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 8/24/2026 (YTD)

How Low Can It Go

EventGTBPS&P 500
2024 Yen Carry Trade Unwind
  % Loss-23.8%-7.8%
  % Gain to Breakeven31.3%8.5%
  Time to Breakeven75 days18 days

Compare to SNTI, NKTX, FATE, MGNX, XNCR

In The Past

GT Biopharma's stock fell -3.8% during the 2025 US Tariff Shock. Such a loss loss requires a 3.9% 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.

EventGTBPS&P 500
2024 Yen Carry Trade Unwind
  % Loss-23.8%-7.8%
  % Gain to Breakeven31.3%8.5%
  Time to Breakeven75 days18 days

Compare to SNTI, NKTX, FATE, MGNX, XNCR

In The Past

GT Biopharma's stock fell -3.8% during the 2025 US Tariff Shock. Such a loss loss requires a 3.9% 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 GT Biopharma (GTBP)

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GT Biopharma, Inc. (GTBP) is a clinical-stage biopharmaceutical company dedicated to developing innovative immuno-oncology products. The company's core strategy revolves around its proprietary Tri-specific Killer Engager (TriKE) fusion protein immune cell engager technology platform, which is designed to harness and direct the body's own immune cells to fight cancer.

The company's lead product candidate is GTB-3550, currently undergoing Phase I/II clinical trials. This single-chain tri-specific recombinant fusion protein conjugate targets CD33+ malignancies, including myelodysplastic syndromes, refractory/relapsed acute myeloid leukemia, and advanced systemic mastocytosis. Additionally, GT Biopharma has a pipeline of preclinical programs, including GTB-3650, which targets CD33 on myeloid leukemias, and GTB-5550, aimed at B7-H3 positive solid tumors.

GT Biopharma primarily serves the oncology market, focusing on patients afflicted with various types of leukemia, myelodysplastic syndromes, and certain solid tumors. To advance its research and development, the company maintains strategic partnerships, notably a co-development agreement with Altor BioScience Corporation for a specific TriKE fusion protein, and a license agreement with the Regents of the University of Minnesota for the underlying TriKE technology.

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1. An early-stage Kite Pharma (pioneer of CAR-T cancer therapy) for immune-engaging cancer drugs.

2. A clinical-stage Genentech (known for innovative biotech cancer drugs) focused on supercharging immune cells to fight cancer.

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  • GTB-3550: A single-chain tri-specific recombinant fusion protein conjugate in Phase I/II clinical trials for myelodysplastic syndromes, refractory/relapsed acute myeloid leukemia, advanced systemic mastocytosis, and CD33+ malignancies.
  • GTB-3650: A preclinical stage drug candidate targeting CD33 on the surface of myeloid leukemias.
  • GTB-5550: A preclinical stage drug candidate for treating patients with B7-H3 positive solid tumors.
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GT Biopharma (symbol: GTBP) is a clinical-stage biopharmaceutical company focused on the research and development of immuno-oncology products. As of the provided description, its drug candidates are in Phase I/II clinical trials or preclinical studies.

Therefore, GT Biopharma does not currently have commercialized products on the market, and consequently, it does not have major customers in the traditional sense of companies or individuals purchasing its products. Its primary activities are drug development and clinical trials.

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Michael Breen

Executive Chairman, Chief Executive Officer

Michael Breen is an English qualified solicitor/attorney with extensive experience in corporate law and management. He was appointed Chief Executive Officer of GT Biopharma on April 29, 2025. Prior to his CEO appointment, he had been with the company in various leadership roles since 2021, and served as Executive Chairman of the Board. Mr. Breen was formerly the Managing Director of the Sports and Entertainment Division of Bank Insinger de Beaufort N.V., a wealth management organization that was part of the BNP Paribas Group. He was also a director and major shareholder of an affiliate of Insinger de Beaufort Holdings S.A., which was listed on the Luxembourg Stock Exchange. Additionally, Mr. Breen is a former senior equity partner in the law firm Clyde & Co.

Alan L. Urban

Chief Financial Officer

Alan L. Urban was appointed Chief Financial Officer of GT Biopharma on June 3, 2024. He brings over 30 years of corporate finance and accounting experience from a variety of public and private companies. Mr. Urban's past roles include serving as Chief Financial Officer for Research Solutions, Inc. for over a decade from 2011 to 2021, Chief Financial Officer for SRAX, Inc. from March 2023 to July 2023, and Chief Financial Officer for Creek Road Miners, Inc. from November 2021 to March 2023. Earlier in his career, he served as Chief Financial Officer and Senior Vice President of Finance and Accounting for ReachLocal, Inc., and as Vice President of Finance and Treasurer for Infotrieve, Inc. Mr. Urban is a Certified Public Accountant (currently inactive) and previously served as a member of GT Biopharma's Board of Directors from June 2022 to May 2023.

Dr. Gregory Berk

President of R&D and Chief Medical Officer

Dr. Gregory Berk serves as the President of R&D and Chief Medical Officer at GT Biopharma. He previously served as interim Chief Executive Officer in November 2021 during a restructuring of the executive management team.

Dr. Gavin Choy

Chief Clinical Development Officer

Dr. Gavin Choy holds the position of Chief Clinical Development Officer. He has more than 20 years of experience in the pharmaceutical and biotechnology industry, holding various executive leadership roles including Chief Operating Officer at Apollomics, Inc., and President at CG Pharmaceuticals, Inc. Dr. Choy holds a Master of Business Administration with a focus on Health Care from the University of California, Irvine, Paul Merage School of Business. He was appointed acting Chief Financial Officer in November 2021 during a management restructuring.

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The key risks for GT Biopharma (GTBP) are:

  1. Clinical Trial Failure and Regulatory Approval: As a clinical-stage biopharmaceutical company, GT Biopharma's success hinges on the successful completion of clinical trials for its drug candidates, particularly GTB-3550, which is in Phase I/II. There is a significant risk that these trials may not demonstrate sufficient safety or efficacy, leading to failure to obtain regulatory approval for its immuno-oncology products. This would prevent the company from bringing its products to market and generating revenue.

  2. Dependence on Proprietary TriKE Technology Platform: GT Biopharma's entire pipeline, including GTB-3550, GTB-3650, and GTB-5550, is based on its proprietary Tri-specific Killer Engager (TriKE) fusion protein immune cell engager technology platform. The company's future success is heavily reliant on the continued viability and broad applicability of this specific technology. If unforeseen limitations, safety concerns, or competitive technologies emerge that challenge the fundamental efficacy or safety profile of the TriKE platform, it could adversely impact all of GT Biopharma's development programs.

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Here are the addressable market sizes for GT Biopharma's main products:

GTB-3550 and GTB-3650 (targeting CD33+ malignancies, including Myelodysplastic Syndromes and Acute Myeloid Leukemia, and Advanced Systemic Mastocytosis)

  • Myelodysplastic Syndromes (MDS): The global myelodysplastic syndrome drugs market was estimated at USD 2.88 billion in 2023 and is projected to reach USD 5.28 billion by 2030, growing at a CAGR of 9.1%. North America held the largest share of the global market for myelodysplastic syndrome treatment, accounting for 39.20% in 2026. The U.S. myelodysplastic syndrome market size was nearly USD 2,000 million in 2023.
  • Acute Myeloid Leukemia (AML): The global acute myeloid leukemia treatment market size was estimated at USD 3.47 billion in 2024 and is projected to reach USD 6.29 billion by 2030, growing at a CAGR of 10.6%. The global market size for acute myeloid leukemia was valued at USD 2.1 billion in 2023 and is estimated to observe a 10.7% CAGR between 2024 and 2032. North America dominated the global acute myeloid leukemia treatment market with a 37.6% share in 2024. The U.S. acute myeloid leukemia treatment market constituted 90.9% of the North American market in 2024.
  • Advanced Systemic Mastocytosis: The global systemic mastocytosis treatment market size was calculated at USD 562.18 million in 2025 and is predicted to increase to approximately USD 1,326.01 million by 2035, expanding at a CAGR of 8.96% from 2026 to 2035. Another report indicates the global systemic mastocytosis treatment market is projected to grow from USD 1.2 billion in 2024 to USD 1.9 billion by 2030, expanding at a 7.8% CAGR. The U.S. market for systemic mastocytosis treatment is expected to rise from USD 0.36 billion in 2024 to USD 0.54 billion by 2030, with a 7.1% CAGR. North America is estimated to contribute 44% to the growth of the global market.

GTB-5550 (targeting B7-H3 positive solid tumors)

  • B7-H3 Positive Solid Tumors: The global B7-H3 targeted therapies market size reached USD 484 million in 2024 and is projected to expand at a CAGR of 21.8% from 2025 to 2033, reaching an estimated USD 3.4 billion by 2033. North America accounted for approximately 43% of the global B7-H3 targeted therapies market in 2024, valued at USD 210 million. B7-H3 is an immune checkpoint molecule found in over 70% of various solid tumors. The global solid tumors market size was valued at USD 362.21 billion in 2024 and is projected to reach USD 1557.42 billion by 2032, with a CAGR of 20.00%.

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Expected Drivers of Future Revenue Growth for GT Biopharma (GTBP)

  1. Advancement of GTB-3650 in Clinical Trials: Continued progress of GTB-3650, currently in a Phase 1 dose-escalation trial for CD33-positive leukemias, is a primary driver. Successful completion of current and planned dose cohorts in 2026, leading to positive safety and preliminary efficacy data, would position the drug for further clinical development and eventual commercialization for conditions like refractory acute myeloid leukemia and high-risk myelodysplastic syndrome.
  2. Initiation and Progress of GTB-5550 in Clinical Trials: The planned initiation of a Phase 1 basket trial for GTB-5550 in mid-2026 represents a significant expansion into solid tumors expressing B7-H3. Successful dose escalation and progression into Phase 2 expansion cohorts across various metastatic disease types, including prostate, ovarian, breast, lung, pancreatic, and bladder cancers, would be critical milestones towards future revenue generation from this novel candidate.
  3. Validation and Expansion of the TriKE Platform: Positive clinical outcomes from GTB-3650 and GTB-5550 trials would further validate GT Biopharma's proprietary TriKE fusion protein immune cell engager technology platform. This validation could accelerate the development of additional TriKE candidates, attract new co-development partnerships, or lead to licensing opportunities for various oncology indications, thereby broadening the company's product pipeline and long-term revenue potential.

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Share Issuance

  • GT Biopharma significantly increased its issued and outstanding common shares from 2,234,328 as of December 31, 2024, to 25,534,173 as of December 31, 2025.
  • The company's additional paid-in capital increased from $693,554,000 in 2024 to $729,661,000 in 2025, indicating capital raised through equity.
  • In May 2025, GT Biopharma completed a Series L 10% Convertible Preferred Stock and warrant financing, which generated net proceeds of $5.441 million.

Inbound Investments

  • GT Biopharma received net proceeds of $5.441 million from a Series L 10% Convertible Preferred Stock and warrant financing completed in May 2025.
  • The company established a $20 million committed equity facility to potentially access additional capital.

Capital Expenditures

  • Research and Development (R&D) expenses were approximately $3.5 million for the year ended December 31, 2025, a decrease of $2.3 million from $5.8 million in the prior year, mainly due to reduced production and material costs.
  • The company anticipates initiating a Phase 1 basket trial for GTB-5550 in mid-2026.
  • Enrollment in the Phase 1 dose-escalation trial for GTB-3650 is currently active, with an update expected in Q3 2026.

Peer Outperformance in Biotechnology

GTBP has trailed 93% of its 364 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 GTBP has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
15%
of 460 industry peers · -72.5% return
3Y
13%
of 406 industry peers · -96.1% return
5Y
7%
of 364 industry peers · -99.9% return
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Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is GTBP'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 7 11.5%85.0%132.2% CAH 400% · MCK 348% · COR 189%
Health Care Services 20 20.9%46.0%3.9% HIMS 314% · RDNT 146% · DGX 80%
Managed Health Care 8 32.1%-1.6%3.5% OSCR 143% · HQY 64% · ELV 16%
Health Care Facilities 24 7.9%-2.8%-17.5% THC 278% · NHC 257% · ENSG 125%
Health Care Equipment 50 -2.9%-6.1%-21.0% POCI 10987% · UFPT 367% · GKOS 253%
Health Care Supplies 12 34.1%-12.7%-32.6% LNTH 301% · HAE 81% · MMSI 30%
Pharmaceuticals 63 4.3%6.4%-37.4% LQDA 2532% · INDV 1260% · ETON 1176%
Life Sciences Tools & Services 108 -3.6%-28.4%-72.7% SNWV 1827% · ELMD 249% · MEDP 243%
Health Care Technology 21 -21.8%-55.6%-74.4% SPOK 125% · HSTM -1% · VEEV -24%
Biotechnology ← 365 7.1%-26.0%-78.7% BRTX 106500% · CELZ 1629% · DNTH 1519%
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 
1GT Biopharma Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GTBPSNTINKTXFATEMGNXXNCRMedian
NameGT Bioph.Senti Bi.Nkarta Fate The.Macrogen.Xencor  
Mkt Price0.310.382.592.444.0229.002.51
Mkt Cap0.00.00.20.30.32.20.2
Rev LTM00061681053
Op Inc LTM-16-57-132-134-41-216-94
FCF LTM-14-38-94-106-66-208-80
FCF 3Y Avg-12-44-101-122-99-163-100
CFO LTM-14-38-93-102-64-206-78
CFO 3Y Avg-12-43-95-119-96-157-96

Growth & Margins

GTBPSNTINKTXFATEMGNXXNCRMedian
NameGT Bioph.Senti Bi.Nkarta Fate The.Macrogen.Xencor  
Rev Chg LTM----23.4%11.7%-28.6%-23.4%
Rev Chg 3Y Avg----48.1%68.3%0.6%0.6%
Rev Chg Q---9.2%378.0%17.5%17.5%
QoQ Delta Rev Chg LTM-44.7%-2.8%18.3%7.8%13.1%
Op Inc Chg LTM-51.1%12.1%-2.9%24.8%51.8%-49.3%4.6%
Op Inc Chg 3Y Avg0.5%2.6%0.8%17.7%1.5%-11.7%1.2%
Op Mgn LTM--102,761.8%--2,058.1%-24.3%-205.8%-1,132.0%
Op Mgn 3Y Avg----1,914.2%-186.8%-136.0%-186.8%
QoQ Delta Op Mgn LTM-52,048.7%-149.4%25.2%12.1%87.3%
CFO/Rev LTM--69,183.6%--1,570.5%-38.0%-196.1%-883.3%
CFO/Rev 3Y Avg----1,358.9%-153.4%-124.6%-153.4%
FCF/Rev LTM--69,183.6%--1,627.8%-39.1%-198.4%-913.1%
FCF/Rev 3Y Avg----1,392.8%-157.2%-129.1%-157.2%

Valuation

GTBPSNTINKTXFATEMGNXXNCRMedian
NameGT Bioph.Senti Bi.Nkarta Fate The.Macrogen.Xencor  
Mkt Cap0.00.00.20.30.32.20.2
P/S-215.2-45.31.521.033.1
P/Op Inc-0.7-0.2-1.5-2.2-6.3-10.2-1.8
P/EBIT-0.4-0.2-1.5-2.2-2.9-16.4-1.8
P/E-2.5-0.2-1.6-2.3-17.5-13.5-2.4
P/CFO-0.8-0.3-2.1-2.9-4.0-10.7-2.5
Total Yield-39.6%-418.8%-60.8%-42.9%-5.7%-7.4%-41.2%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-140.9%-183.5%-50.5%-52.9%-59.6%-17.6%-56.3%
D/E0.01.70.40.30.10.10.2
Net D/E-0.41.2-0.6-0.3-0.5-0.1-0.3

Returns

GTBPSNTINKTXFATEMGNXXNCRMedian
NameGT Bioph.Senti Bi.Nkarta Fate The.Macrogen.Xencor  
1M Rtn-5.7%-6.4%14.1%1.2%8.6%49.2%4.9%
3M Rtn-30.5%-61.7%-14.5%8.4%-11.3%156.4%-12.9%
6M Rtn-32.0%-56.5%12.1%61.6%129.7%150.6%36.9%
12M Rtn-72.5%-77.0%9.3%112.2%137.9%244.8%60.7%
3Y Rtn-96.1%-94.1%50.6%-7.2%-20.4%28.3%-13.8%
1M Excs Rtn-9.0%-9.6%10.8%-2.0%5.4%45.9%1.7%
3M Excs Rtn-32.9%-64.1%-16.9%6.0%-13.7%154.0%-15.3%
6M Excs Rtn-44.0%-68.4%0.2%49.7%117.8%138.7%24.9%
12M Excs Rtn-91.6%-96.4%-8.5%99.7%159.0%269.6%45.6%
3Y Excs Rtn-171.5%-169.3%-38.1%-87.3%-93.6%-45.8%-90.5%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220152003
Development and commercialization of novel immune-oncology products based on our proprietary00   
Single Segment  00 
Health Products    3
Total00003


Operating Income by Segment
$ Mil200120001998
Therapeutic Development-1-2-4
Health Products-3-2-3
Total-3-5-7


Net Income by Segment
$ Mil20252024
Development and commercialization of novel immune-oncology products based on our proprietary-28-13
Total-28-13


Assets by Segment
$ Mil20242023202220212020
Development and commercialization of novel immune-oncology products based on our proprietary414   
Single Segment  17326
Total41417326


Price Behavior

Price Behavior
Market Price$0.31 
Market Cap ($ Bil)0.0 
First Trading Date03/16/2018 
Distance from 52W High-73.2% 
   50 Days200 Days
DMA Price$0.41$0.51
DMA Trenddowndown
Distance from DMA-26.1%-39.9%
 3M1YR
Volatility86.4%123.6%
Downside Capture376.11302.30
Upside Capture169.9791.47
Correlation (SPY)40.0%20.1%
GTBP Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta1.672.282.641.281.850.65
Up Beta3.344.083.551.882.22-0.01
Down Beta2.540.681.140.841.310.35
Up Capture-265%74%287%4%36%10%
Bmk +ve Days11223567138427
Stock +ve Days7182854108339
Down Capture437%304%262%175%180%111%
Bmk -ve Days11212859114326
Stock -ve Days15253571142400

[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 GTBP
GTBP-71.6%123.2%-0.45-
Sector ETF (XLV)29.3%16.0%1.415.3%
Equity (SPY)21.2%12.9%1.2320.0%
Gold (GLD)39.0%28.8%1.1410.0%
Commodities (DBC)40.9%20.2%1.580.9%
Real Estate (VNQ)13.9%13.8%0.706.8%
Bitcoin (BTCUSD)-30.4%44.2%-0.6915.0%

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 GTBP
GTBP-72.2%120.7%-0.59-
Sector ETF (XLV)6.9%15.1%0.278.5%
Equity (SPY)12.8%17.2%0.5714.4%
Gold (GLD)20.6%18.6%0.903.4%
Commodities (DBC)10.2%19.6%0.410.5%
Real Estate (VNQ)2.4%18.9%0.0211.0%
Bitcoin (BTCUSD)11.2%52.8%0.4011.3%

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 GTBP
GTBP-49.0%120.4%-0.40-
Sector ETF (XLV)10.7%16.7%0.525.5%
Equity (SPY)15.1%17.9%0.7210.5%
Gold (GLD)12.9%16.3%0.653.3%
Commodities (DBC)7.8%18.1%0.35-0.3%
Real Estate (VNQ)5.0%20.7%0.207.5%
Bitcoin (BTCUSD)63.1%66.2%1.036.5%

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

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity3.9 Mil
Short Interest: % Change Since 7152026-18.1%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest7.8 days
Basic Shares Quantity38.8 Mil
Short % of Basic Shares10.1%

Earnings Returns History

Updated 8/14/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/14/202526.1%-3.4%-1.3%
SUMMARY STATS   
# Positive100
# Negative011
Median Positive26.1%  
Median Negative -3.4%-1.3%
Max Positive26.1%  
Max Negative -3.4%-1.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/14/202526.1%-3.4%-1.3%
SUMMARY STATS   
# Positive100
# Negative011
Median Positive26.1%  
Median Negative -3.4%-1.3%
Max Positive26.1%  
Max Negative -3.4%-1.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/15/202610-Q
12/31/202503/02/202610-K
09/30/202511/14/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202402/21/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202303/26/202410-K
09/30/202311/01/202310-Q
06/30/202308/07/202310-Q
03/31/202305/15/202310-Q
12/31/202203/30/202310-K
09/30/202210/31/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/15/202610-Q
12/31/202503/02/202610-K
09/30/202511/14/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202402/21/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202303/26/202410-K
09/30/202311/01/202310-Q
06/30/202308/07/202310-Q
03/31/202305/15/202310-Q
12/31/202203/30/202310-K
09/30/202210/31/202210-Q
06/30/202208/15/202210-Q
03/31/202205/16/202210-Q
12/31/202103/28/202210-K
09/30/202111/10/202110-Q
06/30/202108/23/202110-Q
03/31/202105/17/202110-Q
12/31/202004/16/202110-K
09/30/202011/13/202010-Q
06/30/202008/14/202010-Q
03/31/202005/15/202010-Q
12/31/201903/27/202010-K
09/30/201911/14/201910-Q
Core Cache Last Updated: 8/24/2026