GTBP on Nasdaq
GT Biopharma, Inc.
American pharmaceutical preparations company based in San Francisco. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerGTBP on Nasdaq1
- IndustryPharmaceutical Preparations1
- HeadquartersSan Francisco, California1
- Incorporated inDE2
- Business address505 Montgomery Street, 10Th Floor, San Francisco, Ca 941112
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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2 weeks on and two weeks off (to prevent NK cell exhaustion) for at least 2 cycles of therapy, as agreed on with the FDA.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development | $3.5M | $5.8M |
| Selling, general and administrative (including $432,000 and $230,000 of stock compensation during the years ended December 31, 2025 and 2024, respectively) | $8.9M | $8.6M |
| Loss from Operations | -$12.4M | -$14.4M |
| Interest income | $123.0K | $402.0K |
| Interest expense | -$127.0K | |
| Loss on initial recognition of Greenshoe Rights liability | -$28.7M | |
| Change in fair value of Greenshoe Rights liability | $11.4M | |
| Change in fair value of warrant liability | $241.0K | $800.0K |
| Gain on settlement of vendor payable | $998.0K | |
| Other | $156.0K | |
| Total Other Income (Expense), Net | -$15.9M | $1.2M |
| Net Loss | -$28.4M | -$13.2M |
| Dividend on Series L Preferred Stock | -$320.0K | |
| Deemed dividend | -$5.8M | |
| Net Loss attributable to common stockholders | -$34.4M | -$13.2M |
| Net Loss Per Share - Basic | -$6.68 | -$6.94 |
| Net Loss Per Share - Diluted | -$6.68 | -$6.94 |
| Weighted average common shares outstanding - basic | 5.5M shares | 1.9M shares |
| Weighted average common shares outstanding - diluted | 5.5M shares | 1.9M shares |
| Period ending | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Loss from Operations | -$3.4M | -$1.5M |
| Loss on initial recognition of Greenshoe Rights liability | -$28.7M | |
| Change in fair value of Greenshoe Rights liability | -$11.4M | |
| Total Other Income (Expense), Net | $11.7M | -$28.7M |
| Net Loss | $8.3M | -$30.2M |
| Dividend on Series L Preferred Stock | -$144.0K | -$85.0K |
| Deemed dividend | -$4.1M | |
| Net Loss attributable to common stockholders | $4.1M | -$30.3M |
| Net Loss Per Share - Basic | $1.04 | -$10.92 |
| Net Loss Per Share - Diluted | $1.04 | -$10.92 |
| Weighted average common shares outstanding - basic | 3.9M shares | 2.8M shares |
| Weighted average common shares outstanding - diluted | 3.9M shares | 2.8M shares |
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.8
| Period ending | 2025-12-31 | 2025-11-30 | 2025-09-30 | 2025-06-30 | 2024-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $6.8M | $4.0M | |||
| Restricted cash | $94.0K | $93.0K | |||
| Deferred offering costs | $634.0K | ||||
| Prepaid expenses and other current assets | $567.0K | $188.0K | |||
| Total Current Assets | $8.1M | $4.2M | |||
| TOTAL ASSETS | $8.1M | $4.3M | $7.1M | $4.2M | |
| Accounts payable | $748.0K | $3.9M | |||
| Accrued expenses | $1.6M | $1.8M | |||
| Warrant liability | $11.0K | $252.0K | |||
| Total Current Liabilities | $2.3M | $5.9M | |||
| Preferred stock value | $1.0K | $1.0K | |||
| Common stock, par value $0.001, 250,000,000 shares authorized, 25,534,173 and 2,234,328 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $26.0K | $3.0K | $3.0K | $2.0K | |
| Additional paid in capital | $729.7M | $721.1M | $700.4M | $693.6M | |
| Accumulated deficit | -$723.9M | -$718.1M | -$726.3M | -$695.2M | |
| Total Stockholders Equity (Deficit) | $5.8M | $3.0M | -$25.9M | -$1.7M | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) | $8.1M | $4.3M | $7.1M | $4.2M | |
| Preferred stock, par value | $0.01 | $0.01 | |||
| Preferred stock, shares authorized | 15.0M shares | 15.0M shares | |||
| Common stock, par value | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 250.0M shares | 250.0M shares | |||
| Common stock, shares issued | 25.5M shares | 2.2M shares | |||
| Common stock, shares outstanding | 25.5M shares | 2.2M shares |
| Period ending | 2025-12-31 | 2025-11-30 | 2025-09-30 | 2025-06-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $6.8M | $4.0M | ||||
| Restricted cash | $94.0K | $93.0K | ||||
| Deferred offering costs | $634.0K | |||||
| Prepaid expenses and other current assets | $567.0K | $188.0K | ||||
| Total Current Assets | $8.1M | $4.2M | ||||
| TOTAL ASSETS | $8.1M | $4.3M | $7.1M | $4.2M | ||
| Accounts payable | $748.0K | $3.9M | ||||
| Accrued expenses | $1.6M | $1.8M | ||||
| Warrant liability | $11.0K | $252.0K | ||||
| Total Current Liabilities | $2.3M | $5.9M | ||||
| Preferred stock value | $1.0K | $1.0K | ||||
| Common stock, par value $0.001, 250,000,000 shares authorized, 25,534,173 and 2,234,328 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $26.0K | $3.0K | $3.0K | $2.0K | ||
| Additional paid in capital | $729.7M | $721.1M | $700.4M | $693.6M | ||
| Accumulated deficit | -$723.9M | -$718.1M | -$726.3M | -$695.2M | ||
| Total Stockholders Equity (Deficit) | $5.8M | $3.0M | -$25.9M | -$1.7M | $7.5M | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) | $8.1M | $4.3M | $7.1M | $4.2M | ||
| Preferred stock, par value | $0.01 | $0.01 | ||||
| Preferred stock, shares authorized | 15.0M shares | 15.0M shares | ||||
| Common stock, par value | $0.00 | $0.00 | $0.00 | |||
| Common stock, shares authorized | 250.0M shares | 250.0M shares | ||||
| Common stock, shares issued | 25.5M shares | 2.2M shares | ||||
| Common stock, shares outstanding | 25.5M shares | 2.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$28.4M | -$13.2M |
| Stock based compensation | $432.0K | $230.0K |
| Loss on initial recognition of Greenshoe Rights liability | $28.7M | |
| Change in fair value of Greenshoe Rights liability | -$11.4M | |
| Change in fair value of warrant liability | -$241.0K | -$800.0K |
| Gain on settlement of debt | -$998.0K | |
| Issuance of warrants for VRT waiver | $44.0K | |
| Gain on extinguishment of debt | -$200.0K | |
| (Increase) Decrease in prepaid expenses and deferred offering costs | $377.0K | -$104.0K |
| Decrease in operating lease right-of-use assets | $53.0K | |
| Increase (Decrease) in accounts payable and accrued expenses | -$1.3M | $937.0K |
| (Decrease) in operating lease liability | -$58.0K | |
| Net Cash Used in Operating Activities | -$12.9M | -$12.9M |
| Sale of short-term investments | $12.9M | |
| Net Cash Provided by Investing Activities | $12.9M | |
| Exercise of warrants and issuance of inducement warrants for cash, net | $5.5M | |
| Proceeds from issuance of common stock and warrants, net | $3.0M | |
| Proceeds from issuance of Series L Preferred Stock and warrants, net | $10.5M | |
| Payment of dividend on Series L Preferred Stock | -$229.0K | |
| Net Cash Provided by Financing Activities | $15.8M | $3.0M |
| Net Increase in Cash and Cash Equivalents and Restricted Cash | $2.9M | $3.0M |
| Fair value of prefunded warrants issued for Committed Equity Facility fee | $672.0K | |
| Fair value of common stock and warrants issued for services | $718.0K | |
| Fair value of prefunded warrant and common stock to settle vendor payable | $847.0K | $810.0K |
| Fair value of common stock issued for dividends | $91.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led GT Biopharma, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerMichael Martin Breen Jul 19, 2022 to now11
- Chief executive officerRaymond W. Urbanski Mar 19, 2019 to Mar 19, 201912
- Chief executive officerShawn Cross Mar 16, 2018 to Mar 16, 201813
- Chief executive officerKathleen Clarence-Smith Dec 1, 2017 to Dec 1, 201714
- Chief executive officerDavid Saloff Sep 1, 2011 to May 30, 201215
- Chief executive officerMarvin S. Hausman Md. Oct 16, 2006 to Feb 8, 200816
- ChairMichael Martin Breen Jul 19, 2022 to Aug 15, 202311
- ChairDavid Saloff May 30, 2012 to May 30, 201217
- PresidentBernard Landes Mar 22, 2010 to Mar 22, 201018
- PresidentMarvin S. Hausman Md. Oct 16, 2006 to Feb 8, 200816
- Chief financial officerAlan Louis Urban Jun 13, 2024 to now19
- Chief financial officerGavin Choy Feb 14, 2022 to Feb 14, 202220
- Chief financial officerManu Ohri Feb 18, 2022 to Aug 15, 202321
- Chief financial officerSteven W. Weldon Feb 12, 2016 to May 14, 202022
- Chief financial officerMichael D. Handelman Mar 22, 2010 to Mar 22, 201023
- Chief financial officerMichael D. Centron Jan 10, 2006 to Aug 2, 200624
- Chief operating officerGary M. Post Nov 13, 2007 to Nov 13, 200725
Board members and other officers (26)
- Pres. of R&D, CMOGregory Berk Jul 19, 2022 to Jul 19, 202226
- Chief Medical OfficerRaymond W. Urbanski Dec 1, 2017 to Dec 1, 201727
- SecretaryGary M. Post Jul 12, 2010 to Jul 12, 201028
- SecretarySydney Colin Neill Nov 8, 2006 to Nov 8, 200629
- Board memberAndrew J. Ritter May 29, 2025 to now30
- Board memberHilary Kramer Jun 3, 2025 to now31
- Board memberDavid C. Mun-Gavin Jul 30, 2025 to now32
- Board memberCharles J. Casamento May 4, 2023 to now33
- Board memberGregory Berk Feb 14, 2022 to Feb 14, 202234
- Board memberRajesh C. Shrotriya Md. Feb 14, 2022 to Feb 1, 202335
- Board memberAlan Louis Urban Jun 14, 2022 to Jul 19, 202236
- Board memberBruce Wendel Oct 7, 2021 to Feb 1, 202337
- Board memberMichael Martin Breen Nov 12, 2021 to now38
- Board memberRaymond W. Urbanski Mar 19, 2019 to Mar 19, 201912
- Board memberShawn Cross Mar 16, 2018 to Mar 16, 201813
- Board memberKathleen Clarence-Smith Dec 1, 2017 to Dec 1, 201714
- Board memberSteven W. Weldon Feb 12, 2016 to May 14, 202022
- Board memberThomas W. Hoog Feb 8, 2011 to Feb 8, 201139
- Board memberKenneth Haynes Eaton Jul 7, 2011 to Jul 7, 201140
- Board memberDavid Saloff Jul 11, 2011 to Sep 1, 201141
- Board memberAnshuman Dube Mar 25, 2010 to May 24, 201142
- Board memberMatthew R. Spolar Jan 19, 2007 to Nov 13, 200743
- Board memberGary M. Post Mar 23, 2006 to Jul 12, 201044
- Board memberJohn E. Repine Aug 2, 2006 to Nov 13, 200745
- Board memberMarvin S. Hausman Md. Aug 2, 2006 to Feb 8, 200846
- Board memberSydney Colin Neill Aug 2, 2006 to Nov 13, 200747
Former names
- OXIS INTERNATIONAL INCJun 8, 1995 to Jul 25, 20172
Timeline
- Jul 19, 2022New chief executive Michael Martin Breen becomes CEO11
- Mar 19, 2019New chief executive Raymond W. Urbanski becomes CEO12
- Mar 16, 2018New chief executive Shawn Cross becomes CEO13
- Dec 1, 2017New chief executive Kathleen Clarence-Smith becomes CEO14
- Sep 1, 2011New chief executive David Saloff becomes CEO15
- Oct 16, 2006New chief executive Marvin S. Hausman Md. becomes CEO16
Filings
200 filings to the SEC since October 2021: 6 annual reports, 18 quarterly reports, 53 major events, 38 insider forms, 11 large holders, 4 private raises, 70 other. The latest 20:
- Oct 13, 2026DEF 14A EDGAR
- Oct 9, 2026S-1 EDGAR
- Oct 2, 2026PRE 14A EDGAR
- Sep 29, 2026D EDGAR
- Sep 25, 20268-K EDGAR
- Sep 21, 20268-K EDGAR
- Sep 15, 20268-K EDGAR
- Sep 15, 2026SCHEDULE 13G EDGAR
- Sep 3, 20268-K EDGAR
- Aug 14, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Jul 2, 2026DEF 14A EDGAR
- Jun 18, 2026PRE 14A EDGAR
- Jun 12, 20268-K EDGAR
- May 22, 20268-K EDGAR
- May 15, 202610-Q EDGAR
- May 13, 2026EFFECT EDGAR
- May 13, 2026424B3 EDGAR
- May 11, 2026CORRESP EDGAR
- May 6, 2026UPLOAD EDGAR
The 200 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 11, 2023 | Breen Michael MartinCEO and Director | Buy | 50,000 | $0.50 | $25.0K | Form 4 |
| Apr 6, 2023 | Ohri ManuCFO & Secretary | Buy | 50,000 | $0.50 | $25.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- RainForest Partners, LLCSCHEDULE 13G, 1 filing Sep 15, 202648
- BRISTOL INVESTMENT FUND LTDSCHEDULE 13G/A, 3 filings Mar 3, 2022 to Jun 2, 202549
- Five Narrow Lane LPSCHEDULE 13G, 1 filing May 14, 202550
- CYTOVANCE BIOLOGICS INCSCHEDULE 13G/A, 2 filings Sep 19, 2023 to Oct 17, 202451
- ARMISTICE CAPITAL, LLCSC 13G/A, 2 filings Feb 14, 2023 to Feb 14, 202452
- BIGGER CAPITAL FUND L PSC 13G/A, 1 filing Jan 28, 202253
- ALPHA CAPITAL ANSTALTSC 13G/A, 1 filing Jan 18, 202254
Money raised
Private offerings the company reported to the SEC on Form D.
- Sep 14, 2026Raised $7.8 million in a private offering of equity Form D: $39 million offered in all Form D
- May 14, 2025Filed a private offering of equity Form D: $20 million offered in all Form D
- May 12, 2025Raised $6 million in a private offering of equity Form D: 9 investors so far Form D
- Feb 25, 2025Raised $1.3 million in a private offering of equity Form D: 6 investors so far Form D
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 13SEC EDGARShawn Cross, Chief executive officer
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- 17SEC EDGARDavid Saloff, Chair
- 18SEC EDGARBernard Landes, President
- 19
- 20SEC EDGARGavin Choy, Chief financial officer
- 21SEC EDGARManu Ohri, Chief financial officer
- 22
- 23
- 24
- 25
- 26SEC EDGARGregory Berk, Pres. of R&D, CMO
- 27
- 28SEC EDGARGary M. Post, Secretary
- 29SEC EDGARSydney Colin Neill, Secretary
- 30SEC EDGARAndrew J. Ritter, Board member
- 31SEC EDGARHilary Kramer, Board member
- 32SEC EDGARDavid C. Mun-Gavin, Board member
- 33SEC EDGARCharles J. Casamento, Board member
- 34SEC EDGARGregory Berk, Board member
- 35
- 36SEC EDGARAlan Louis Urban, Board member
- 37SEC EDGARBruce Wendel, Board member
- 38SEC EDGARMichael Martin Breen, Board member
- 39SEC EDGARThomas W. Hoog, Board member
- 40SEC EDGARKenneth Haynes Eaton, Board member
- 41SEC EDGARDavid Saloff, Board member
- 42SEC EDGARAnshuman Dube, Board member
- 43SEC EDGARMatthew R. Spolar, Board member
- 44SEC EDGARGary M. Post, Board member
- 45SEC EDGARJohn E. Repine, Board member
- 46SEC EDGARMarvin S. Hausman Md., Board member
- 47SEC EDGARSydney Colin Neill, Board member
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