v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 43,287,000 $ 49,192,000
Short-term bank deposits 14,058,000 15,355,000
Short-term investment 17,451,000 28,085,000
Notes receivable 232,000 5,638,000
Accounts receivables, net 27,760,000 31,078,000
Inventories, net 11,428,000 10,171,000
Prepaid assets and other current assets 7,601,000 9,613,000
Total current assets 122,072,000 149,362,000
Property and equipment, net 27,284,000 27,549,000
Intangible assets, net 4,525,000 4,727,000
Long-term prepayments 302,000 112,000
Deferred tax assets 9,284,000 6,873,000
Long-term certificates of deposit 28,444,000 23,516,000
Other assets, noncurrent 7,344,000 7,624,000
Total assets 199,255,000 219,763,000
Current liabilities:    
Accounts payable 1,236,000 1,335,000
Due to related parties 5,085,000 227,000
Accrued expenses and other current liabilities 18,810,000 18,161,000
Income tax payable 2,147,000 2,940,000
Operating lease liabilities, current 1,385,000 1,119,000
Total current liabilities 28,663,000 23,782,000
Operating lease liabilities, noncurrent 2,033,000 2,303,000
Deferred government grants 829,000 852,000
Warrant liability, noncurrent 2,741,000 2,961,000
Other noncurrent liabilities 70,000 1,506,000
Total liabilities 34,336,000 31,404,000
Commitments and Contingencies (Note 11)
Stockholders' equity:    
Common stock, $0.001 par value, 400,000,000 shares authorized; 106,033,763 shares and 91,314,007 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 106,000 91,000
Additional paid-in capital 240,644,000 172,819,000
Statutory reserve 3,648,000 3,098,000
Accumulated deficit (137,962,000) (112,603,000)
Accumulated other comprehensive income (loss) 1,492,000 (908,000)
Total Gyre stockholders' equity 107,928,000 62,497,000
Noncontrolling interest 34,561,000 (2,952,000)
Total equity 142,489,000 59,545,000
Total liabilities, Series B preferred stock, redeemable convertible preferred stock, and stockholders' equity 199,255,000 219,763,000
GNI    
Current assets:    
Other receivables from GNI 255,000 230,000
Series B Preferred Stock    
Current liabilities:    
Temporary Equity, Carrying Amount 22,430,000 0
Redeemable Convertible Preferred Stock    
Current liabilities:    
Temporary Equity, Carrying Amount 0 15,784,000
Redeemable Convertible Preferred Stock | Cullgen    
Current liabilities:    
Redeemable convertible preferred stock $ 0 $ 113,030,000