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Companies / Healthcare / FRACTYL HEALTH, INC.
GUTS

FRACTYL HEALTH, INC.

HealthcareSurgical & Medical Instruments
Ticker GUTSBURLINGTON, MAFiscal year ends DecemberBook value per share $-0.01Diluted shares 158.6M

Fractyl Health, Inc. (Nasdaq: FRYL) is a clinical-stage metabolic therapeutics company focused on developing novel disease-modifying treatments for obesity and type 2 diabetes. The company's website is www.fractylhealth.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%
$-140.95M
−105.2% year over year
Last 12 mo $-105.65M
-1490.32%
−1248.6 percentage points
Last 12 mo 6345.35%
Cash & financing
$-90.33M
−37.9% year over year
Last 12 mo $-82.43M
$-90.89M
−35.1% year over year
Last 12 mo $-82.43M
3.23
Was 1.06× a year earlier
Last 12 mo -18.29
75.8M
+74.1% year over year
Last 12 mo 158.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What FRACTYL HEALTH, INC. does

In the company’s own words

Fractyl Health, Inc. (Nasdaq: FRYL) is a clinical-stage metabolic therapeutics company focused on developing novel disease-modifying treatments for obesity and type 2 diabetes. The company's website is www.fractylhealth.com.

Fractyl's lead product candidate is Revita, an investigational outpatient procedural therapy designed to remodel the duodenal lining through hydrothermal ablation to reverse damage to intestinal nutrient sensing caused by chronic high-fat and high-sugar diets. Revita has received FDA Breakthrough Device designation for weight maintenance in people with obesity who discontinue GLP-1 based therapy. The company has evaluated Revita in over 500 participants across multiple clinical studies in South America, Europe, and the United States, demonstrating favorable safety and tolerability data. Fractyl anticipates submitting a potential De Novo marketing application for Revita in late 2026 and is currently evaluating the device in the REMAIN-1 weight maintenance program, which includes three distinct participant cohorts designed to establish the clinical and regulatory foundation for the therapy.

The company is also developing Rejuva, a novel pancreatic gene therapy platform utilizing adeno-associated virus delivery designed to enable long-term remission of type 2 diabetes and obesity by reprogramming pancreatic islet cells to endogenously produce metabolic hormones. The lead candidate from this platform, RJVA-001, is designed to enable pancreatic beta cells to express GLP-1 locally via nutrient-responsive control through a single endoscopic intervention. A second candidate, RJVA-002, is a dual GIP/GLP-1 gene therapy currently in preclinical development targeting obesity.

Fractyl operates as a smaller reporting company and emerging growth company. The company has not yet obtained marketing authorization for any product candidate in the United States and remains in clinical development stages. The company's business model focuses on developing disease-modifying therapies that provide long-term metabolic benefits from single administrations, positioning treatments toward prevention and remission rather than chronic symptom management. Fractyl's strategy includes establishing practice-changing clinical evidence, executing targeted commercialization approaches, and expanding applications across the metabolic disease spectrum.

Company details
Sector
Healthcare
Industry
Surgical & Medical Instruments
Headquarters
BURLINGTON, MA
Fiscal year end
December
CIK
1572616
SIC
3841

Financial performance, year by year

Fiscal 2024–2025 · USD
$-155.06M$-112.74M$-70.43M$-28.12M$14.20M20242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns FRACTYL HEALTH, INC. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

12
funds hold it
0 of 35
superinvestors hold it
$5.79M
held by funds, at market
4.6%
of shares held by funds

Largest fund holders · FRACTYL HEALTH, INC.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
0.00%of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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