Gain Therapeutics, Inc. (GANX)

Gain Therapeutics, Inc., a biotechnology company, develops novel small molecule therapeutics to treat diseases across various therapeutic areas in Switzerland, Spain, the United States, and Australia. The company's drug discovery platform Magellan discovers novel allosteric binding sites in a disease; identifies proprietary small molecules that bind these sites to modulate protein function; and treats the underlying cause of the disease. Its lead drug candidate is GT-02287, which is currently in a Phase 1b study for the treatment of Parkinson's disease with or without a GBA1 mutation. The company has various small molecule drug candidates, which are in the discovery, research, and preclinical stages for the treatment of dementia with Lewy bodies, Alzheimer's disease, and Gaucher's disease, lysosomal storage disorders, metabolic disorders, and solid tumors. Gain Therapeutics, Inc. was founded in 2017 and is based in Bethesda, Maryland.

Ticker
GANX
Exchange
Nasdaq
Sector
Healthcare
Industry
Biotechnology
Market cap
$44.64M
52-week range
$0.94 - $4.34

Valuation

Share price
$1.03 (close of Nov 6, 2026)
P/E (TTM)
-2.02x
Price to book
3.95x
Price to free cash flow
-2.36x
Enterprise value
$32.17M
Book value per share
$0.26

Price performance

PeriodChange
1 day+7.29%
5 days-8.85%
1 month-38.32%
3 months-42.13%
6 months-46.07%
Year to date-68.01%
1 year-45.79%
3 years-62.82%
5 years-86.78%
All time-91.56%

Short interest

As of
Oct 15, 2026
Short % of float
7.49%
Shares short
3.19M
Days to cover
6.51
Change since prior report
+4.43%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
-108.60%
Return on invested capital
-96.96%
Return on assets
-88.35%
Return on capital employed
-96.12%

Cash flow and balance sheet

Free cash flow yield (TTM)
-42.46%
Current ratio
4.36x
Net debt to EBITDA
0.65x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
EBITDA
-$18.62M
Net income
-$20.16M
Earnings per share
$-0.61
Research and development
$10.21M
Shares outstanding
32.97M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31--$20.16M-$0.61
2024-12-31--$20.41M-$0.89
2023-12-31$55.18K-$22.27M-$1.71
2022-12-31$140.11K-$17.59M-$1.48
2021-12-31$164.99K-$13.89M-$1.37
2020-12-31$28.88K-$3.58M-$1.33
2019-12-31$41.30K-$2.19M-
2018-12-31$20.61K-$1.11M-

Margins and returns by year

Period endNet marginReturn on equityReturn on capital
2025-12-31--108.60%-96.96%
2024-12-31--278.10%-254.62%
2023-12-31-40,354.33%-177.03%-163.56%
2022-12-31-12,555.13%-93.17%-88.21%
2021-12-31-8,418.86%-39.90%-37.96%
2020-12-31-12,387.67%-57.69%-46.62%
2019-12-31-5,310.88%--
2018-12-31-5,364.36%--290.11%

Cash and debt by year

Period endCashDebt
2025-12-31$20.84M$300.08K
2024-12-31$10.39M$328.33K
2023-12-31$16.80M$449.05K
2022-12-31$7.31M$495.26K
2021-12-31$36.88M$590.47K
2020-12-31$7.49M$715.66K
2019-12-31$303.32K-
2018-12-31$400.69K-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31-$18.47M$1.80M
2024-12-31-$18.90M$2.39M
2023-12-31-$18.88M$3.26M
2022-12-31-$14.81M$1.53M
2021-12-31-$12.46M$839.37K
2020-12-31-$3.26M$81.64K
2019-12-31-$1.88M-
2018-12-31-$752.50K-

Investor relations

Next earnings report

Next confirmed report
Nov 11, 2026
Consensus EPS estimate
$-0.13

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-11Jun 2026-$0.14
2026-05-11Mar 2026-$0.13
2026-03-26Dec 2025-$0.14
2025-11-12Sep 2025-$0.15
2025-08-12Jun 2025-$0.17
2025-05-14Mar 2025-$0.16
2025-03-27Dec 2024-$0.18
2024-11-14Sep 2024-$0.23

Filings and sources

Company website
gaintherapeutics.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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