Home / Going-concern warnings / FRACTYL HEALTH, INC.
Filed 2026-05-12 路 Form 10-Q 路 Accession 0001193125-26-219373 micro
Price before filing: $9.23 (2026-05-11 close, split/dividend-adjusted)
Market cap at flag: $116.5M (2026-05-12) 路 Latest: $20.5M (2026-10-16)
| Window | GUTS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -5.9% | -0.2% | -5.6% | 2026-06-11 |
| 90 days | -12.2% | +4.8% | -17.1% | 2026-08-10 |
| 180 days | pending | pending | until 2026-11-08 | |
| 1 year | pending | pending | until 2027-05-12 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 4 insiders bought $108K (4 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-05-12: red flag filed | |||||||
| 2026-06-08 | Smith Weber Lara Chief Financial Officer | Purchase | 20,000 | $0.69 | $14K | no | Form 4 |
| 2026-06-10 | BRADLEY WILLIAM Director | Purchase | 68,493 | $0.73 | $50K | no | Form 4 |
| 2026-06-10 | Rajagopalan Harith Chief Executive Officer, Director | Purchase | 25,000 | $0.73 | $18K | no | Form 4 |
| 2026-06-10 | Sheffield Ian Director | Purchase | 35,000 | $0.73 | $26K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-02-11 to 2026-06-11. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As a result, substantial doubt exists about the Company's ability to continue as a going concern within twelve months from the issuance date of this Quarterly Report on Form 10-Q. The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the ordinary course of business."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2026-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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