Fractyl Health (GUTS) financial statements
Fractyl Health reported revenue of $0 in fiscal 2025, down 22.5% a year over 1 years.
Net income was -$141M.
Free cash flow was -$91M.
The diluted share count rose 3543% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Fractyl Health's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $120,000 | $93,000 | $0 |
| Cost of revenue | $77,000 | $50,000 | $0 |
| Gross profit | $43,000 | $43,000 | $0 |
| Research and development | $38M | $70M | $75M |
| Selling, general and admin | $13M | $23M | $22M |
| Operating income | -$51M | -$94M | -$97M |
| Income tax | $0 | $0 | $0 |
| Net income | -$77M | -$69M | -$141M |
| EPS (diluted) | -$45.29 | -$1.62 | -$1.86 |
| Diluted shares | 2M | 44M | 76M |
| Gross margin | 35.8% | 46.2% | — |
| Operating margin | -42363.3% | -100571.0% | — |
| Net margin | -64242.5% | -73864.5% | — |
Balance sheet
Fiscal years, from Fractyl Health's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $33M | $67M | $82M |
| Receivables | $22,000 | $0 | — |
| Inventory | $73,000 | $73,000 | — |
| Total current assets | $36M | $72M | $88M |
| Property, plant and equipment | $490,000 | $3M | $2M |
| Total assets | $76M | $108M | $121M |
| Total current liabilities | $11M | $20M | $18M |
| Total liabilities | $114M | $80M | $112M |
| Shareholders' equity | -$325M | $28M | $9M |
| Net debt | -$33M | -$67M | -$82M |
Cash flow
Fiscal years, from Fractyl Health's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | -$43M | -$66M | -$90M |
| Capital spending | $359,000 | $2M | $557,000 |
| Free cash flow | -$43M | -$67M | -$91M |
| Stock-based compensation | $4M | $14M | $7M |
| Free cash flow margin | -35985.0% | -72350.5% | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for GUTS.
Open GUTS in InvestinglyQuestions
What was Fractyl Health's revenue in 2025?
$0 in fiscal 2025, from its 10-K filing.
How much free cash flow does Fractyl Health generate?
-$91M in fiscal 2025 (operating cash flow minus capital spending).
From Fractyl Health's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.