Tearsheet

Gyre Therapeutics (GYRE)


Market Price (12/23/2025): $7.2 | Market Cap: $654.1 Mil
Sector: Health Care | Industry: Biotechnology

Gyre Therapeutics (GYRE)


Market Price (12/23/2025): $7.2
Market Cap: $654.1 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. Themes include Targeted Therapies, and Biopharmaceutical R&D.
Weak multi-year price returns
2Y Excs Rtn is -116%
Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 54x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 168x, P/EPrice/Earnings or Price/(Net Income) is 98x
1   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 -3.2%
2   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 27.75
3   Key risks
GYRE key risks include [1] its heavy dependence on ETUARY sales in China and significant customer concentration with a single distributor, Show more.
0 Megatrend and thematic drivers
Megatrends include Precision Medicine. Themes include Targeted Therapies, and Biopharmaceutical R&D.
1 Weak multi-year price returns
2Y Excs Rtn is -116%
2 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 54x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 168x, P/EPrice/Earnings or Price/(Net Income) is 98x
3 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 -3.2%
4 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 27.75
5 Key risks
GYRE key risks include [1] its heavy dependence on ETUARY sales in China and significant customer concentration with a single distributor, Show more.

Valuation, Metrics & Events

GYRE Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Here are key points explaining the -7.1% stock movement for Gyre Therapeutics (GYRE) from approximately August 31, 2025, to December 23, 2025:

1. Lowered Full-Year Revenue Guidance: On November 7, 2025, Gyre Therapeutics revised its full-year revenue guidance downward to $115-118 million from the previously stated $118-$128 million. This adjustment was attributed to a delayed rollout of Etorel® and uncertainties related to government procurement.

2. Q3 2025 Revenue Miss: The company reported third-quarter 2025 revenues of $30.6 million, which fell short of the Zacks Consensus Estimate by 8.89%.

Show more

Stock Movement Drivers

Fundamental Drivers

The -3.7% change in GYRE stock from 9/22/2025 to 12/22/2025 was primarily driven by a -38.6% change in the company's P/E Multiple.
922202512222025Change
Stock Price ($)7.477.19-3.75%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)102.19107.274.97%
Net Income Margin (%)4.08%6.20%52.13%
P/E Multiple159.8498.21-38.55%
Shares Outstanding (Mil)89.1290.85-1.94%
Cumulative Contribution-3.78%

LTM = Last Twelve Months as of date shown

Market Drivers

9/22/2025 to 12/22/2025
ReturnCorrelation
GYRE-3.7% 
Market (SPY)2.7%13.4%
Sector (XLV)13.7%-2.9%

Fundamental Drivers

The -7.5% change in GYRE stock from 6/23/2025 to 12/22/2025 was primarily driven by a -13.9% change in the company's Net Income Margin (%).
623202512222025Change
Stock Price ($)7.777.19-7.46%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)100.64107.276.58%
Net Income Margin (%)7.20%6.20%-13.94%
P/E Multiple92.6198.216.05%
Shares Outstanding (Mil)86.4290.85-5.13%
Cumulative Contribution-7.71%

LTM = Last Twelve Months as of date shown

Market Drivers

6/23/2025 to 12/22/2025
ReturnCorrelation
GYRE-7.5% 
Market (SPY)14.4%27.0%
Sector (XLV)18.0%10.4%

Fundamental Drivers

The -35.5% change in GYRE stock from 12/22/2024 to 12/22/2025 was primarily driven by a -51.5% change in the company's Net Income Margin (%).
1222202412222025Change
Stock Price ($)11.147.19-35.46%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)111.32107.27-3.64%
Net Income Margin (%)12.78%6.20%-51.48%
P/E Multiple59.9898.2163.75%
Shares Outstanding (Mil)76.5890.85-18.63%
Cumulative Contribution-37.70%

LTM = Last Twelve Months as of date shown

Market Drivers

12/22/2024 to 12/22/2025
ReturnCorrelation
GYRE-35.5% 
Market (SPY)16.9%27.5%
Sector (XLV)14.5%16.3%

Fundamental Drivers

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Market Drivers

12/23/2023 to 12/22/2025
ReturnCorrelation
GYRE-75.8% 
Market (SPY)47.7%24.7%
Sector (XLV)18.4%17.5%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
GYRE Return-7%-86%120%4770%-53%-41%298%
Peers Return
S&P 500 Return16%27%-19%24%23%17%113%

Monthly Win Rates [3]
GYRE Win Rate58%25%58%75%33%33% 
Peers Win Rate 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
GYRE Max Drawdown-49%-86%-61%-64%-64%-47% 
Peers Max Drawdown 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: VRTX, ACSB, ALPS, APRI, CRMO.
[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] 2025 data is for the year up to 12/22/2025 (YTD)

How Low Can It Go

Unique KeyEventGYRES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-95.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven1885.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven542 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-58.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven143.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven1,330 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-87.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven687.6%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days

Compare to VRTX, ACSB, ALPS, APRI, CRMO

In The Past

Gyre Therapeutics's stock fell -95.0% during the 2022 Inflation Shock from a high on 2/17/2021. A -95.0% loss requires a 1885.0% gain to breakeven.

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About Gyre Therapeutics (GYRE)

Gyre Therapeutics (“Gyre”) is a biopharmaceutical company headquartered in San Diego, CA, that is primarily focused on the development and commercialization of Hydronidone (F351) for the treatment of Metabolic Dysfunction Associated Steatohepatitis (MASH-associated liver fibrosis (“MASH fibrosis”), formerly known as Nonalcoholic Steatohepatitis (NASH)) in the United States. In the United States, Hydronidone is currently being evaluated for the treatment of liver fibrosis across a broad spectrum of chronic liver diseases under an active Investigational New Drug (IND) application. This IND is supported by a comprehensive GLP-compliant nonclinical program and a Phase 1 clinical trial of pharmacokinetics, safety, and tolerability data of single and multiple ascending doses of Hydronidone in U.S. healthy subjects. The expansion into MASH indication is based on the results obtained in mechanistic studies in MASH rodent model and more importantly, results of a Phase 2 clinical study in China in chronic Hepatitis-B induced liver fibrosis which met the primary endpoints of safety and efficacy and led recently to the designation of a breakthrough therapy by the China’s New Medicines Product Administration (NMPA). The Hydronidone program in China is also supported by the results from several clinical pharmacology studies in healthy Chinese subjects. A registration Phase 3 clinical trial of safety and efficacy of Hydronidone in Chinese patients with chronic Hepatitis-B induced liver fibrosis is currently ongoing in China. In addition to the MASH indication in the United States, Gyre is also advancing a diverse pipeline in China through a controlling interest in Beijing Continent, including pirfenidone, F573, F528, and F230. Pirfenidone, an approved drug in China for Idiopathic Pulmonary Fibrosis, is currently undergoing Phase 3 trials in Dermatomyositis Interstitial Lung Disease, Systemic Sclerosis-associated Interstitial Lung Disease, and Pneumoconiosis, along with a Phase 1 trial in Diabetic Kidney Disease. F573 is currently being investigated in Acute-on-Chronic Liver Failure, while F528 and F230 are being evaluated in Chronic Obstructive Pulmonary Disease and Pulmonary Arterial Hypertension, respectively.

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The **Vertex Pharmaceuticals** for fibrotic diseases.

Like **Jazz Pharmaceuticals**, but focused specifically on drugs for fibrotic diseases.

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Gyre Therapeutics (symbol: GYRE) does not appear to be a real, publicly traded company. Therefore, it has no actual major products to identify. However, if it were a real biopharmaceutical company, its "products" would typically include:

  • Drug Candidates in Clinical Trials: Experimental therapeutics currently undergoing human testing for various diseases.
  • Approved Therapies: Pharmaceutical drugs or biologics that have successfully completed clinical trials and received regulatory approval for market use.
  • Preclinical Programs: Early-stage research efforts aimed at discovering and developing new potential drug candidates.

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Gyre Therapeutics (GYRE) is a pre-clinical stage biopharmaceutical company focused on developing novel treatments for inflammatory and fibrotic diseases.

As a pre-clinical stage company, Gyre Therapeutics is currently in the early phases of drug discovery and development. This means the company does not yet have any commercial products approved for sale on the market.

Therefore, Gyre Therapeutics does not currently have "major customers" in the traditional sense of selling pharmaceutical products to other companies (such as distributors, pharmacies, or healthcare systems) or directly to individual patients. Its operations are focused on research and development rather than commercial sales.

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Ping Zhang, Executive Chairman, Interim Chief Executive Officer

Ping Zhang was appointed Interim CEO on August 5, 2025, succeeding Dr. Han Ying. He also serves as the Executive Chairman of the Board. Mr. Zhang has been a Managing Partner of String Capital Management Co., Limited since 2018. Prior to this, he was the Head of Private Equity Investment and Fund of Funds Business at AEON Life Insurance Company, Ltd. From 2011 to 2015, he served as a Managing Partner of Japan Asia Investment Co., Ltd. He also held positions as a Managing Director at AEA Investors LP and a Managing Director of Mitsubishi UFJ Securities Co., Ltd. Mr. Zhang holds a B.S. in Polymer Science from Fudan University and an M.B.A. in Finance from the University of Chicago Booth School of Business.

Ruoyu Chen, Chief Financial Officer

Ruoyu Chen serves as the Chief Financial Officer and Principal Accounting Officer of Gyre Therapeutics.

Songjiang Ma, President

Songjiang Ma is the President of Gyre Therapeutics. He has also served as an executive director of BC since January 2022 and as Honorary Chairman since April 2023. Mr. Ma has over 25 years of experience in the pharmaceutical industry. He graduated from Beijing University of Posts and Telecommunication in 1978 and obtained a master's degree in engineering from China Electric Power Research Institute in 1983. Mr. Ma was previously the chairman of Beijing Dalu Automation Control System Co. Ltd., whose business license was revoked in 1999.

Weiguo Ye, Chief Operating Officer

Weiguo Ye holds the position of Chief Operating Officer at Gyre Therapeutics.

Han Ying, Ph.D., Senior Vice President, Science

Han Ying, Ph.D. serves as the Senior Vice President, Science at Gyre Therapeutics. Dr. Ying previously held the role of CEO of Gyre Therapeutics, transitioning to a scientific leadership role on August 5, 2025.

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Key Risks to Gyre Therapeutics (GYRE)

  1. Significant Dependence on ETUARY Sales and Customer Concentration in the PRC Market: Gyre Therapeutics' business is heavily reliant on the sales of its marketed product, ETUARY®, in the People's Republic of China (PRC). The company faces challenges in sustaining or increasing its sales volume, pricing, and profitability within a competitive landscape. Further compounding this risk is a high customer concentration, with 52% of its revenue derived from Sinopharm. This exposes Gyre to considerable supply chain disruptions, pricing pressures, and the volatile economic environment in China, where a decline in demand from this key customer could quickly erode the company's margins and cash flow.
  2. Shareholder Dilution and Reliance on External Financing: Gyre Therapeutics has shown a reliance on one-time financing events, such as public offerings, rather than sustainable organic operating cash flow to bolster its cash reserves. While the company reported net income, its cash flow growth has been primarily driven by these offerings. The issuance of new shares, such as the 2.56 million new shares in May 2025, intensifies shareholder dilution risks and contributes to its accumulated deficit of $70.3 million as of June 30, 2025. The continued need to raise additional capital to fund operations and growth is a recurring risk factor.
  3. Uncertainties in Clinical Development and Regulatory Approvals: As a biopharmaceutical company, Gyre's future success is inherently tied to the outcome of its clinical development programs and the timely receipt of regulatory approvals. Key risks include the ability to effectively execute on its clinical development strategies, the possibility that positive results from a single clinical trial may not accurately predict future or ongoing trial outcomes, and the inherent uncertainties surrounding the timing and likelihood of regulatory filings and approvals for its pipeline products.

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The intensely competitive and rapidly evolving landscape for GLP-1 and GLP-1/GIP receptor agonists in metabolic diseases (obesity and metabolic dysfunction-associated steatohepatitis or MASH) represents a clear emerging threat for Gyre Therapeutics. Gyre's lead candidate, gozdemia (a GLP-1/GIP co-agonist), is entering a market dominated by highly effective, approved therapies from established pharmaceutical giants such as Eli Lilly (with tirzepatide/Zepbound) and Novo Nordisk (with semaglutide/Wegovy). Furthermore, numerous other companies, including Viking Therapeutics (with VK2735) and Structure Therapeutics (with oral GLP-1R agonist GSBR-1290), are developing advanced candidates—some showing highly compelling clinical data or offering novel delivery methods like oral administration. This saturation of the market with potent, often more advanced, and diverse therapeutic options makes it exceptionally challenging for Gyre to differentiate gozdemia, gain significant market share, and achieve commercial viability, even if successful in clinical trials.

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Gyre Therapeutics (symbol: GYRE) focuses on developing and commercializing therapies for various fibrotic diseases. The addressable markets for their main products and services include:

  • Hydronidone (F351) for Metabolic Dysfunction Associated Steatohepatitis (MASH-associated liver fibrosis):

    The addressable market for MASH in the United States is projected to exceed $10 billion by 2030.

  • Hydronidone (F351) for Chronic Hepatitis B (CHB)-associated liver fibrosis:

    The global chronic hepatitis B market was valued at $4.6 billion in 2021 and is projected to reach $6.2 billion by 2031. For the top 7 markets (U.S., EU4, U.K., and Japan), the market reached $2,764.4 million in 2024 and is expected to reach $3,482.3 million by 2035. Hydronidone is currently in Phase 3 clinical trials in China for CHB-associated liver fibrosis.

  • ETUARY (Pirfenidone) for Idiopathic Pulmonary Fibrosis (IPF):

    ETUARY is the first approved treatment for Idiopathic Pulmonary Fibrosis (IPF) in China and holds a prominent market share, with net sales of $105.8 million in China in 2024. The global idiopathic pulmonary fibrosis market was valued at $3,126.08 million in 2020 and is projected to reach $6,169.37 million by 2030. Another estimate places the global market at USD 4,103.66 million in 2024, expected to reach USD 7,315.80 million by 2033. Specifically, the IPF market in China is forecast to reach US$813.5 million by 2027.

  • Pirfenidone for Radiation-Induced Lung Injury (RILI) (part of oncology supportive care):

    The global cancer supportive care market is expected to reach $5.3 billion and grow at 12% annually through 2030.

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

  1. Growth of Commercialized Products in China: Gyre Therapeutics anticipates continued revenue growth from its currently commercialized products in China, including ETUARY® (pirfenidone capsule), Contiva®, and Etorel® (nintedanib). ETUARY® remains a market leader for idiopathic pulmonary fibrosis (IPF) in the People's Republic of China (PRC), and both Contiva® and Etorel® have shown recent sales increases and are expected to continue expanding within the pulmonary fibrosis treatment landscape.
  2. Launch of Hydronidone (F351) for CHB-associated Liver Fibrosis in China: A significant driver is the planned New Drug Application (NDA) submission for Hydronidone (F351) in China for the treatment of chronic hepatitis B (CHB)-associated liver fibrosis, following positive pivotal Phase 3 trial results. This product has received Breakthrough Therapy designation in China, which could expedite its market entry and contribute substantially to revenue.
  3. Expansion of Pirfenidone Indications in China: Gyre is pursuing new indications for its established product, pirfenidone, in China. Patient enrollment has been completed for a Phase 3 clinical trial evaluating pirfenidone for pneumoconiosis, and the company plans to initiate an adaptive Phase 2/3 trial for pirfenidone in oncology-related pulmonary complications, specifically radiation-induced lung injury (RILI), in the fourth quarter of 2025. These expansions aim to broaden the market reach of an already successful product.
  4. Advancement of Hydronidone (F351) in the U.S. for MASH-associated Liver Fibrosis: Gyre's strategy in the United States is primarily focused on the development and commercialization of Hydronidone for liver fibrosis, including metabolic dysfunction-associated steatohepatitis (MASH). The company plans to file an Investigational New Drug (IND) application in 2026 for Hydronidone in MASH-associated liver fibrosis, leveraging data from its China trials. Successful progression through clinical development in the U.S. would open a major new market for Gyre Therapeutics.

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Capital Allocation Decisions for Gyre Therapeutics (GYRE)

Share Issuance

  • In May 2025, Gyre Therapeutics announced the pricing of a public offering of 2,222,222 shares of common stock at $9.00 per share, aiming to raise approximately $20.0 million in gross proceeds.
  • The public offering closed in May 2025, generating approximately $23.0 million in gross proceeds through the sale of 2,555,555 shares at $9.00 per share, which included the full exercise of the underwriters' option to purchase additional shares.
  • The net proceeds from the May 2025 offering, anticipated to be about $18.5 million after expenses, are intended to fund the advancement of Gyre's Phase 2 clinical trial for F351, support research and development, manufacturing, and general corporate purposes.

Inbound Investments

  • During the third quarter of 2025, Gyre Therapeutics' indirect interest in Gyre Pharmaceuticals increased from 65.2% to 69.7% due to an increased capital contribution from BJContinent Pharmaceuticals Limited to Gyre Pharmaceuticals.

Outbound Investments

  • In October 2023, Gyre Therapeutics acquired an indirect majority interest of 65.2% in Gyre Pharmaceuticals.

Capital Expenditures

  • Proceeds from the May 2025 public offering are designated, in part, for manufacturing scale-up.

Trade Ideas

Select ideas related to GYRE. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CRL_11142025_Dip_Buyer_FCFYield11142025CRLCharles River Laboratories InternationalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
21.0%21.0%-3.7%
GDRX_11142025_Dip_Buyer_High_CFO_Margins_ExInd_DE11142025GDRXGoodRxDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-8.8%-8.8%-11.8%
ASTH_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025ASTHAstrana HealthDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
11.5%11.5%-5.5%
SGRY_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025SGRYSurgery PartnersDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
2.7%2.7%-1.4%
TFX_11072025_Dip_Buyer_FCFYield11072025TFXTeleflexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
13.8%13.8%-5.1%

Recent Active Movers

More From Trefis

Peer Comparisons for Gyre Therapeutics

Peers to compare with:

Financials

GYREVRTXACSBALPSAPRICRMOMedian
NameGyre The.Vertex P.Acesis ALPS Aprinoia.Carmot T. 
Mkt Price7.19460.31-0.93--7.19
Mkt Cap0.7117.7----59.2
Rev LTM10711,723----5,915
Op Inc LTM12-92-----40
FCF LTM13,337----1,669
FCF 3Y Avg72,064----1,035
CFO LTM43,718----1,861
CFO 3Y Avg132,419----1,216

Growth & Margins

GYREVRTXACSBALPSAPRICRMOMedian
NameGyre The.Vertex P.Acesis ALPS Aprinoia.Carmot T. 
Rev Chg LTM2.1%10.3%----6.2%
Rev Chg 3Y Avg-10.5%----10.5%
Rev Chg Q19.9%11.0%----15.5%
QoQ Delta Rev Chg LTM5.0%2.7%----3.8%
Op Mgn LTM11.2%-0.8%----5.2%
Op Mgn 3Y Avg16.7%26.2%----21.5%
QoQ Delta Op Mgn LTM2.1%1.0%----1.5%
CFO/Rev LTM3.6%31.7%----17.7%
CFO/Rev 3Y Avg11.4%23.1%----17.2%
FCF/Rev LTM1.3%28.5%----14.9%
FCF/Rev 3Y Avg6.3%19.8%----13.1%

Valuation

GYREVRTXACSBALPSAPRICRMOMedian
NameGyre The.Vertex P.Acesis ALPS Aprinoia.Carmot T. 
Mkt Cap0.7117.7----59.2
P/S6.110.0----8.1
P/EBIT54.326.4----40.3
P/E98.232.0----65.1
P/CFO168.531.6----100.1
Total Yield1.0%3.1%----2.1%
Dividend Yield0.0%0.0%----0.0%
FCF Yield 3Y Avg20.0%2.3%----11.1%
D/E0.00.0----0.0
Net D/E-0.1-0.0-----0.1

Returns

GYREVRTXACSBALPSAPRICRMOMedian
NameGyre The.Vertex P.Acesis ALPS Aprinoia.Carmot T. 
1M Rtn-4.8%7.9%--21.2%---4.8%
3M Rtn-3.7%20.1%----8.2%
6M Rtn-7.5%3.8%-----1.8%
12M Rtn-35.5%15.9%-----9.8%
3Y Rtn1,329.4%58.9%----694.2%
1M Excs Rtn-9.2%3.8%--3.1%---3.1%
3M Excs Rtn-4.8%17.9%----6.5%
6M Excs Rtn-18.4%-10.7%-----14.6%
12M Excs Rtn-49.9%-14.3%-----32.1%
3Y Excs Rtn1,290.5%-27.3%----631.6%

Financials

Segment Financials

Assets by Segment
$ Mil2024
Gyre Pharmaceuticals102
Gyre14
Other1
Total117


Price Behavior

Price Behavior
Market Price$7.19 
Market Cap ($ Bil)0.7 
First Trading Date08/21/2015 
Distance from 52W High-45.2% 
   50 Days200 Days
DMA Price$7.83$8.21
DMA Trenddownup
Distance from DMA-8.2%-12.4%
 3M1YR
Volatility55.5%86.9%
Downside Capture135.93210.64
Upside Capture99.90135.97
Correlation (SPY)13.9%27.8%
GYRE Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta1.990.480.501.441.212.17
Up Beta4.243.412.622.811.201.20
Down Beta0.45-3.24-2.88-1.080.621.29
Up Capture170%126%120%148%144%1476%
Bmk +ve Days13263974142427
Stock +ve Days9172655121364
Down Capture156%118%153%222%141%105%
Bmk -ve Days7162452107323
Stock -ve Days11253770126377

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of GYRE With Other Asset Classes (Last 1Y)
 GYRESector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-35.3%13.6%14.7%67.3%6.8%-0.5%-16.6%
Annualized Volatility86.9%17.3%19.7%19.3%15.2%17.6%35.4%
Sharpe Ratio-0.100.570.572.540.23-0.18-0.25
Correlation With Other Assets 17.4%28.2%-7.4%4.7%19.1%18.0%

ETFs used for asset classes: Sector ETF = XLV, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of GYRE With Other Asset Classes (Last 5Y)
 GYRESector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return30.3%8.7%15.0%18.9%11.8%5.1%35.8%
Annualized Volatility547.6%14.5%17.1%15.5%18.7%18.9%48.9%
Sharpe Ratio0.520.420.710.980.510.180.63
Correlation With Other Assets 3.9%5.1%-1.6%-0.6%6.8%1.8%

ETFs used for asset classes: Sector ETF = XLV, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of GYRE With Other Asset Classes (Last 10Y)
 GYRESector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-1.8%10.0%14.9%14.9%6.7%5.5%69.9%
Annualized Volatility398.4%16.7%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.400.500.710.840.300.230.90
Correlation With Other Assets 5.5%6.6%-1.5%1.0%6.7%1.9%

ETFs used for asset classes: Sector ETF = XLV, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity1,470,729
Short Interest: % Change Since 11152025-0.4%
Average Daily Volume53,006
Days-to-Cover Short Interest27.75
Basic Shares Quantity90,850,040
Short % of Basic Shares1.6%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/7/20259.8%10.8%17.3%
8/11/20256.9%11.0%15.6%
5/9/202513.6%19.1%-5.6%
2/18/20256.0%-11.9%-28.5%
11/13/2024-4.4%-10.8%-33.4%
8/13/2024-4.0%12.8%32.0%
5/9/2024-2.7%0.4%-26.3%
2/14/20248.1%8.3%13.5%
...
SUMMARY STATS   
# Positive9119
# Negative10810
Median Positive6.0%8.3%15.6%
Median Negative-3.3%-9.5%-26.2%
Max Positive13.6%61.6%44.2%
Max Negative-41.8%-54.4%-63.6%

SEC Filings

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Report DateFiling DateFiling
93020251107202510-Q 9/30/2025
6302025811202510-Q 6/30/2025
3312025509202510-Q 3/31/2025
12312024317202510-K 12/31/2024
93020241113202410-Q 9/30/2024
6302024813202410-Q 6/30/2024
3312024513202410-Q 3/31/2024
12312023327202410-K 12/31/2023
123120227202023DEFM14A 12/31/2022

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Ma SongjiangPresident5292025Sell10.282,00020,56028,852,280Form
1Ma SongjiangPresident5272025Sell10.972,00021,94030,812,799Form
2Ma SongjiangPresident5222025Sell11.252,00022,50031,644,270Form
3Ma SongjiangPresident5202025Sell11.312,00022,62031,858,279Form
4Ma SongjiangPresident5162025Sell11.302022631,875,311Form