# ACTUATE THERAPEUTICS, INC. (ACTU)

Informational only - not investment advice.

CIK: 0001652935
SIC: 2834 Pharmaceutical Preparations
SIC breadcrumb: [Manufacturing](/division/D/) > [Chemicals And Allied Products](/major-group/28/) > [SIC 2834 Pharmaceutical Preparations](/industry/2834/)
Latest 10-K filed: 2026-03-26
SEC page: https://www.sec.gov/edgar/browse/?CIK=1652935
Filing source: https://www.sec.gov/Archives/edgar/data/1652935/000168316826002257/actuate_i10k-123125.htm

## At a glance

No standardized annual SEC companyfacts metrics were extracted for this company; the at-a-glance panel is omitted rather than estimated.

No market price, no rating, no forecast on this site. Not investment advice.

### Peer percentile fingerprint

| Ratio | ACTU | Peer median | Percentile | N |
| --- | ---: | ---: | ---: | ---: |
| ROE | -280.5% | -30.7% | 2 | 171 |
| ROA | -158.4% | -21.8% | 1 | 187 |
| Liabilities / equity | 0.77 | 0.38 | 63 | 173 |
| Current ratio | 2.39 | 4.89 | 20 | 188 |

Percentile = share of the N covered peers reporting that ratio whose value is lower (ties counted half); computed among grepcent-covered companies in SIC industry 2834 Pharmaceutical Preparations, not the whole market. A higher percentile means a higher value of the ratio, not a better company. Ratios with fewer than 8 reporting peers are omitted. Latest reported values per company; fiscal periods may differ. Descriptive arithmetic - not a score, rating, or ranking.

## Selected Fundamentals
| Metric | Value | Unit | FY | Filed |
| --- | ---: | --- | ---: | --- |
| Net income | -22227852 | USD | 2025 | 2026-03-26 |
| Assets | 14035910 | USD | 2025 | 2026-03-26 |

## Financials

Annual standardized facts from SEC companyfacts as of latest extracted filing date 2026-03-26. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001652935.json. Derived margins, ratios, and free cash flow are computed from the extracted annual SEC facts.

| Metric | 2022 | 2023 | 2024 | 2025 |
| --- | ---: | ---: | ---: | ---: |
| Net income |  | -24,744,620 | -27,285,328 | -22,227,852 |
| Operating income |  | -24,973,829 | -25,160,734 | -22,495,312 |
| Diluted EPS |  | -17.24 | -3.26 | -1.06 |
| Operating cash flow |  | -21,625,167 | -21,842,648 | -19,206,253 |
| Assets |  | 2,995,566 | 9,318,448 | 14,035,910 |
| Liabilities |  | 8,443,675 | 9,214,262 | 6,111,907 |
| Stockholders' equity | -75,305,432 | -99,626,513 | 104,186 | 7,924,003 |
| Cash and cash equivalents |  |  | 8,641,622 | 13,159,423 |

### Ratios

ROE and ROA use period-end equity/assets. Liabilities / equity uses total liabilities divided by stockholders' equity. Current ratio uses current assets divided by current liabilities when both are reported.

| Metric | 2022 | 2023 | 2024 | 2025 |
| --- | ---: | ---: | ---: | ---: |
| Return on equity |  |  |  | -280.51% |
| Return on assets |  |  |  | -158.36% |
| Liabilities / equity |  |  | 88.44 | 0.77 |
| Current ratio |  | 0.43 | 1.05 | 2.39 |

## As-reported value updates

No tracked differences above grepcent's stated thresholds and capped precision rule were found between the earliest XBRL-filed value and the value currently on file for the standardized annual metrics grepcent tracks.


## Quarterly

Quarterly standardized facts from SEC companyfacts as of latest extracted filing date 2026-08-14. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001652935.json.

Flow metrics use discrete quarter-length periods from 10-Q/10-Q/A filings. Q4 revenue and net income are derived only when annual FY and nine-month YTD facts exist for the same fiscal year; derived Q4 values are labeled. EPS Q4 is not derived.

| Quarter | End date | Revenue | Net income | Diluted EPS | Method |
| --- | --- | ---: | ---: | ---: | --- |
| 2024-Q2 | 2024-03-31 |  | -8,296,059 |  | reported discrete quarter |
| 2024-Q2 | 2024-06-30 |  |  | -4.20 | reported discrete quarter |
| 2024-Q3 | 2024-06-30 |  | -6,572,219 |  | reported discrete quarter |
| 2024-Q3 | 2024-09-30 |  |  | -0.55 | reported discrete quarter |
| 2024-Q4 | 2024-12-31 |  | -6,446,089 |  | derived Q4 = FY annual - nine-month YTD |
| 2025-Q1 | 2025-03-31 |  | -6,317,024 | -0.32 | reported discrete quarter |
| 2025-Q2 | 2025-03-31 |  | -6,317,024 |  | reported discrete quarter |
| 2025-Q2 | 2025-06-30 |  |  | -0.30 | reported discrete quarter |
| 2025-Q3 | 2025-06-30 |  | -5,949,405 |  | reported discrete quarter |
| 2025-Q3 | 2025-09-30 |  |  | -0.25 | reported discrete quarter |
| 2025-Q4 | 2025-12-31 |  | -4,553,953 |  | derived Q4 = FY annual - nine-month YTD |
| 2026-Q1 | 2026-03-31 |  | -5,625,749 | -0.24 | reported discrete quarter |
| 2026-Q2 | 2026-03-31 |  | -5,625,749 |  | reported discrete quarter |
| 2026-Q2 | 2026-06-30 |  |  | -0.20 | reported discrete quarter |

## Filed narrative (10-K & 10-Q)

## Business

Verbatim Item 1 Business section from ACTU's latest 10-K: [/company/ACTU/business/](/company/ACTU/business/).

## Risk Factors

Verbatim Item 1A Risk Factors from ACTU's latest 10-K: [/company/ACTU/risk-factors/](/company/ACTU/risk-factors/).

## Latest quarter (10-Q)

Latest 10-Q source: https://www.sec.gov/Archives/edgar/data/1652935/000168316826006472/actuate_i10q-063026.htm

Extracted structurally from real Item 2 body heading to real Item 3/4 boundary.
Confidence: high
Filing date: 2026-08-14
Report date: 2026-06-30

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion
and analysis of the financial condition and results of our operations should be read together with the financial statements and related
notes of Actuate Therapeutics, Inc. included in Part I Item 1 of this Quarterly Report on Form 10-Q (“Quarterly Report”
or “Report”) and with our audited consolidated financial statements and the related notes thereto for the year ended December
31, 2025, filed with the Securities and Exchange Commission (the “SEC”) on March 26, 2026.

This discussion and analysis
contains forward-looking statements reflecting our management’s current expectations that involve risks, uncertainties, and assumptions.
See the section entitled “Cautionary Note Regarding Forward-Looking Statements.” Our actual results and the timing of events
may differ materially from those described in or implied by these forward-looking statements due to a number of factors, including those
discussed below and elsewhere in this Report, particularly those set forth under “Risk Factors.”

Business Overview

We are a clinical stage biopharmaceutical
company focused on developing therapies for the treatment of high impact, difficult to treat cancers through the inhibition of glycogen
synthase kinase-3 (“GSK-3”). We are developing elraglusib, an ATP-competitive small molecule that is designed to enter cancer
cells and block the function of the enzyme glycogen synthase kinase-3 beta (“GSK-3β”), a master regulator of complex
biological signaling cascades, including those mediated by oncogenes, that lead to tumor cell survival, growth, migration, and invasion.
We believe that the blockade of GSK-3β signaling ultimately results in the death of the cancer cells and the regulation of anti-tumor
immunity. There are no approved high-affinity inhibitors of GSK-3β, and we believe elraglusib is one of the most advanced GSK-3β
inhibitors in clinical development.

We have exclusively licensed
elraglusib, a proprietary and patent protected GSK-3 inhibitor developed through a collaboration between The Board of Trustees of the
University of Illinois-Chicago (“UIC”) and Northwestern University (“NU”).

We believe elraglusib represents
a “pipeline in a molecule” with a broad opportunity for us to potentially initiate and advance multiple drug development programs
around our lead asset based on its multimodal mechanisms of action, data emerging from completed or ongoing clinical studies and nonclinical
biological, cellular, and animal data. Animal tumor model data, clinical study data and AI-based computational approaches have identified
a number of areas of unmet clinical need in cancer treatment where elraglusib may play an interventional role, including pancreatic, metastatic
melanoma, lung, colon, breast, renal, and ovarian cancer, leukemias and lymphomas, as well as some pediatric cancers including Ewing sarcoma,
neuroblastoma and pediatric leukemias.

To date, we have treated over
500 patients with elraglusib as an IV injection (“Elraglusib Injection”) in Phase 1 and Phase 2 studies. We have also developed
an oral formulation of elraglusib (“Elraglusib Oral Tablet”), which we believe will allow us to pursue a number of cancer
indications with a more convenient dose delivery option for patients with the ability to dose patients on a daily basis. We filed an Investigational
New Drug (“IND”) application with the FDA in April 2026 to advance the Elraglusib Oral Tablet into a Phase 1/2 clinical study
to identify the maximum tolerated dose and Recommended Phase 2 Dose (“RP2D”) in adult patients with advanced, refractory cancers,
and we recently received FDA clearance to proceed with the Phase 1/2 clinical study. Once we have determined a RP2D, several Phase 2 or
registrational studies have been identified for further clinical development of Elraglusib Oral Tablet, subject to additional funding,
based on data from previous studies, including but not limited to, first-line metastatic pancreatic ductal adenocarcinoma (“mPDAC”),
refractory, metastatic melanoma, refractory, metastatic colorectal cancer, and non-small cell lung cancer.

In addition, we have generated
promising results with a once weekly IV infusion of elraglusib in first-line treatment of patients with mPDAC. Our Phase 2 clinical study
in mPDAC, known as Actuate-1801 Part 3B, is a randomized, controlled Phase 2 clinical study that enrolled 286 patients with no prior systemic
treatment for metastatic disease. The primary endpoint for this clinical study was median overall survival (“mOS”), with overall
survival (“OS”) summarized throughout the study by estimates of 1-year survival. Updated data results presented at the American
Society of Clinical Oncology (“ASCO”) Gastrointestinal Cancers Symposium (“ASCO GI”) in January 2026, utilizing
a data cutoff as of November 22, 2025, showed that the clinical study met its primary endpoint, demonstrating a statistically significant
improvement in mOS with elraglusib plus gemcitabine/nab-paclitaxel (“GnP”) versus GnP alone. Data presented at ASCO GI included:

[[GREPCENT_TABLE]]
[["","\u00b7","Statistically significant benefit in mOS in the elraglusib/GnP arm vs GnP control arm (mOS 10.1 months vs. 7.2 months, p=0.02, HR=0.62);"],["","\u00b7","Near doubling of the 12-month survival rate, from 22.3% in the GnP arm to 44.4% in the elraglusib/GnP arm; and"],["","\u00b7","Almost fivefold increase in 24-month survival rate, from 2.6% in the GnP control arm to 12.9% in the elraglusib/GnP arm, emphasizing the potential for long-term clinical benefit."]]
[[/GREPCENT_TABLE]]

[[GREPCENT_TABLE]]
[["","16"]]
[[/GREPCENT_TABLE]]

While these data are impressive
with once weekly dosing, we believe we can further improve the outcome of patients using the Elraglusib Oral Tablet at the RP2D, including
a more frequent dosing regimen to be identified in the Phase 1/2 clinical study. We believe this strategy will further align with other
new approaches to treating mPDAC with investigational products that are delivered orally to patients. In addition, the safety profile
of elraglusib in over 500 patients to date shows the product is well tolerated as a monotherapy and in combination with chemotherapy.
We believe this may allow the Elraglusib Oral Tablet to be combined with other investigational products, including but not limited to
RAS and MEK inhibitors, where possible additive or synergistic mechanisms of action may potentiate better outcomes for patients treated
with combination therapy including elraglusib.

In addition to our development
plans for the Elraglusib Oral Tablet, we have advanced the development of Elraglusib Injection in pediatric cancer patients with recurrent/refractory
solid cancers. This clinical study, Actuate-1902, is a Phase 1/2 study that evaluated escalating doses of elraglusib as a single agent
as well as in combination with irinotecan or cyclophosphamide/topotecan in the Phase 1 portion of the study. Patients in the Actuate-1902
study also experienced a number of objective responses in the combination chemotherapy arms, and based on these data, we identified neuroblastoma
and Ewing sarcoma as possible new indications for further development of Elraglusib Injection, pending additional funding primarily focused
on non-dilutive sources of capital, further expanding the potential use and positive therapeutic impact of elraglusib. In June 2026, we
entered into an initial agreement with the University of Birmingham to evaluate elraglusib in the BEACON2 clinical study, an international,
multi-arm, multi-stage platform clinical study designed to identify and advance promising treatment approaches for children with relapsed
and refractory neuroblastoma. The planned clinical study is expected to enroll up to 20 patients with relapsed and refractory neuroblastoma
in a dose confirmation cohort to evaluate safety and to determine the maximum tolerated dose (“MTD”), RP2D, and pharmacokinetics
(“PK”) profile of the combination of elraglusib with dinutuximab beta plus chemotherapy. Following completion of the dose
confirmation stage, the regimen may advance into a randomized portion of the study, where approximately 75 patients will be enrolled with
a planned interim analysis.

Components of Our Results of Operations

Our operating expenses consist
of (i) research and development expenses and (ii) general and administrative expenses.

Research and Development Expenses

Research and development expenses
consist primarily of external and internal costs incurred in performing clinical and nonclinical development activities. Our external
research and development costs primarily consist of the costs incurred under agreements with hospitals that treat and monitor patients
enrolled in our clinical studies, contract research organizations and contract manufacturers, consultants, and other third parties that
conduct and support our clinical studies and nonclinical studies. Our internal research and development costs primarily include research
and development personnel-related expenses such as employee compensation, benefits, employer taxes, insurance, and stock-based compensation.

We expense research and development
costs as incurred. We currently have only one product candidate, elraglusib. Therefore, since our inception, substantially all of our
research and development costs were related to the development of elraglusib. We track research and development expenses on an aggregate
basis and not on an indication-by-indication or treatment setting-by-treatment setting basis.

Although research and development
activities are central to our business model, the successful development of elraglusib and any future product candidates is highly uncertain.
There are numerous factors associated with the successful development of any product candidate such as elraglusib, including future study
design and various regulatory requirements, many of which cannot be determined with accuracy at this time given our stage of development.
In addition, future regulatory factors beyond our control may impact our clinical development programs. Product candidates in later stages
of clinical development generally have higher development costs than those in earlier stages of clinical development, primarily due to
the increased number of patients and longer duration of later-stage clinical studies. As a result, we expect our research and development
expenses to increase substantially in connection with our ongoing and planned clinical and nonclinical development activities in the near
term and in the future, provided we are able to raise additional capital. At this time, we cannot accurately estimate or know the nature,
timing, and costs of the efforts that will be necessary to complete the nonclinical and clinical development of elraglusib and any future
product candidates. Our future research and development expenses may vary significantly based on a wide variety of factors such as:

[[GREPCENT_TABLE]]
[["","17"]]
[[/GREPCENT_TABLE]]

[Excerpt truncated for page length; source filing is linked above.]

## Latest 10-K MD&A (excerpt)

Latest 10-K Item 7 source: https://www.sec.gov/Archives/edgar/data/1652935/000168316826002257/actuate_i10k-123125.htm
Complete FY 2025 MD&A: /company/ACTU/mda/fy2025/

Extracted structurally from real Item 7 body heading to real Item 7A/8 boundary.
Confidence: high
Filing date: 2026-03-26
Report date: 2025-12-31

Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations.

The following discussion
and analysis of the financial condition and results of our operations should be read together with the consolidated financial statements
and related notes of Actuate Therapeutics, Inc. included in Part II Item 8 of this Annual Report on Form 10-K (“Annual Report”
or “Report”).

This discussion and analysis
contain forward-looking statements reflecting our management’s current expectations that involve risks, uncertainties and assumptions.
See the section entitled “Cautionary Note Regarding Forward-Looking Statements.” Our actual results and the timing of events
may differ materially from those described in or implied by these forward-looking statements due to a number of factors, including those
discussed below and elsewhere in this Report, particularly those set forth under “Risk Factors.”

Business Overview

We are a clinical stage biopharmaceutical
company focused on developing therapies for the treatment of high impact, difficult to treat cancers through the inhibition of glycogen
synthase kinase-3 (GSK-3). We are developing elraglusib, an ATP-competitive small molecule that is designed to enter cancer cells and
block the function of the enzyme glycogen synthase kinase-3 beta (“GSK-3β”), a master regulator of complex biological
signaling cascades, including those mediated by oncogenes, that lead to tumor cell survival, growth, migration, and invasion. We believe
that the blockade of GSK-3β signaling ultimately results in the death of the cancer cells and the regulation of anti-tumor immunity.
There are no approved high-affinity inhibitors of GSK-3β, and we believe elraglusib is one of the most advanced GSK-3β inhibitors
in clinical development. Elraglusib was originally known as 9-ING-41 but was granted the elraglusib International Nonproprietary Names
(“INN”) and United States Adopted Names (“USAN”) generic name in 2021.

We have exclusively licensed
elraglusib, a proprietary and patent protected GSK-3 inhibitor developed in a collaboration between The Board of Trustees of the University
of Illinois-Chicago (“UIC”) and Northwestern University (“NU”).

[[GREPCENT_TABLE]]
[["","68"]]
[[/GREPCENT_TABLE]]

We believe elraglusib represents
a “pipeline in a molecule” with a broad opportunity for us to potentially initiate and advance multiple drug development programs
around our lead asset based on its multimodal mechanisms of action, data emerging from completed or ongoing clinical trials and non-clinical
biological, cellular, and animal data. Animal tumor model data, clinical trial data and AI-based computational approaches have identified
a number of areas of unmet clinical need in cancer treatment where elraglusib may play an interventional role, including pancreatic, metastatic
melanoma, lung, colon, breast, renal, and ovarian cancer, leukemias and lymphomas, as well as some pediatric cancers including Ewing sarcoma,
neuroblastoma and pediatric leukemias.

To date, we have treated over
500 patients with elraglusib as an IV injection (“Elraglusib Injection”) in Phase 1 and Phase 2 studies. Our most advanced
clinical indication is first-line metastatic pancreatic ductal adenocarcinoma (“mPDAC”). Our Phase 2 study in mPDAC, known
as Actuate-1801 Part 3B study, is a randomized, controlled Phase 2 trial that enrolled 286 patients with no prior systemic treatment for
metastatic disease. The primary endpoint for this study was mOS, with OS summarized throughout the study by estimates of 1-year survival.
Updated data results presented at the American Society of Clinical Oncology (“ASCO”) Genitourinary Cancers Symposium (“ASCO
GI”) in January 2026 utilizing a data cutoff as of November 22, 2025 showed that the trial met its primary endpoint, demonstrating
a statistically significant improvement in mOS with elraglusib plus gemcitabine/nab-paclitaxel (“GnP”) versus GnP alone. Data
presented at ASCO GI included:

[[GREPCENT_TABLE]]
[["","\u00b7","Statistically significant benefit in mOS in the elraglusib/GnP arm vs GnP control arm (mOS 10.1 months vs. 7.2 months, p=0.02, HR=0.62);"],["","\u00b7","Near doubling of the 12-month survival rate, from 22.3% in the GnP arm to 44.4% in the elraglusib/GnP arm; and"],["","\u00b7","Almost fivefold increase in 24-month survival rate, from 2.6% in the GnP control arm to 12.9% in the elraglusib/GnP arm, emphasizing the potential for long-term clinical benefit."]]
[[/GREPCENT_TABLE]]

In addition to treating mPDAC,
Elraglusib Injection is also being evaluated in pediatric cancer patients with recurrent/refractory solid cancers. This study, Actuate-1902,
is a Phase 1/2 study that evaluated escalating doses of elraglusib as a single agent as well as in combination with irinotecan or cyclophosphamide/topotecan
in the Phase 1 portion of the trial. Patients in this Actuate-1902 study also experienced a number of objective responses in the combination
chemotherapy arms, and based on this data, we identified Ewing sarcoma and neuroblastoma as new indications for further development of
Elraglusib Injection, further expanding the potential of elraglusib.

We have developed several
oral dosage forms of elraglusib, which we believe will allow us to expand the number of cancer indications that we are able to target
and allow us to further explore more convenient dose delivery options for patients. A clinical candidate tablet, the Elraglusib Oral Tablet,
has been selected for further development and, subject to future funding, we are planning a Phase 1 study to identify the maximum tolerated
dose and RP2D for Elraglusib Oral Tablet in adult patients with advanced, refractory cancers. Once we have determined a RP2D, several
Phase 2 studies have been identified for further clinical development of Elraglusib Oral Tablet, subject to additional funding, based
on data from previous studies, including but not limited to, refractory, metastatic melanoma and refractory, metastatic colorectal cancer,
and non-small cell lung cancer.

Components of Our Results of Operations

Since our inception in 2015,
we have focused substantially all of our resources on organizing and staffing our Company, business planning, raising capital, establishing
and maintaining our intellectual property portfolio, conducting research, preclinical studies, and clinical trials, establishing arrangements
with third parties for the manufacture of elraglusib, and providing general and administrative support for these operations. We do not
have any products approved for sale and have not generated any revenue from product sales since inception.

Our operating expenses consist
of (i) research and development expenses and (ii) general and administrative expenses.

[[GREPCENT_TABLE]]
[["","69"]]
[[/GREPCENT_TABLE]]

Research and Development Expenses

Research and development expenses
consist primarily of external and internal costs incurred in performing clinical and preclinical development activities. Our external
research and development costs primarily consists of the cost incurred under agreements with hospitals to treat and monitor patients enrolled
in our clinical trials, contract research organizations and contract manufacturers, consultants and other third parties to conduct and
support our clinical trials and preclinical studies. Our internal research and development costs primarily include research and development
personnel-related expenses such as employee compensation, employer taxes, group insurance benefits, and stock-based compensation.

We expense research and development
costs as incurred. We currently only have one product candidate, elraglusib. Therefore, since our inception, substantially all of our
research and development costs were related to the development of elraglusib. We track research and development expenses on an aggregate
basis and not on an indication-by-indication or treatment setting-by-treatment setting basis.

Although research and development
activities are central to our business model, the successful development of elraglusib and any future product candidates is highly uncertain.
There are numerous factors associated with the successful development of any product candidate such as elraglusib, including future trial
design and various regulatory requirements, many of which cannot be determined with accuracy at this time based on our stage of development.
In addition, future regulatory factors beyond our control may impact our clinical development programs. Product candidates in later stages
of clinical development generally have higher development costs than those in earlier stages of clinical development, primarily due to
the increased number of patients and duration of later-stage clinical trials. As a result, we expect our research and development expenses
to increase substantially in connection with our ongoing and planned clinical and preclinical development activities in the near term
and in the future, provided we are able to raise additional capital. At this time, we cannot accurately estimate or know the nature, timing
and costs of the efforts that will be necessary to complete the preclinical and clinical development of elraglusib and any future product
candidates. Our future research and development expenses may vary significantly based on a wide variety of factors such as:

[[GREPCENT_TABLE]]
[["","\u00b7","the results of our clinical trials and preclinical studies of elraglusib and any future product candidates we may choose to pursue, including any modifications to clinical development plans based on feedback that we may receive from regulatory authorities;"],["","\u00b7","per patient trial costs;"],["","\u00b7","the number of trials required for approval;"],["","\u00b7","the number of sites included in the trials and the number of countries in which the trials are conducted;"],["","\u00b7","the number of patients that participate in the trials, the drop-out or discontinuation rates of patients, and the length of time required to enroll eligible patients;"],["","\u00b7","the number of doses that patients receive;"],["","\u00b7","the potential additional safety monitoring requested by regulatory agencies;"],["","\u00b7","the duration of patient participation in the trials and follow-up;"],["","\u00b7","the cost and timing of manufacturing elraglusib and any future product candidates;"],["","\u00b7","the costs, if any, of obtaining third-party drugs for use in our combination trials;"],["","\u00b7","the extent of changes in government regulation and regulatory guidance;"],["","\u00b7","the efficacy and safety profile of elraglusib and any future product candidates;"],["","\u00b7","the timing, receipt, and terms of any approvals from applicable regulatory authorities; and"],["","\u00b7","the extent to which we establish additional collaboration, license, or other arrangements."]]
[[/GREPCENT_TABLE]]

A change in the outcome of
any of these variables with respect to the development of elraglusib or any future product candidates could significantly change the costs
and timing associated with the development of that product candidate. We may never succeed in obtaining regulatory approval for any product
candidate.

[[GREPCENT_TABLE]]
[["","70"]]
[[/GREPCENT_TABLE]]

General and Administrative Expenses

General and administrative
expenses consist primarily of personnel-related expenses such as employee compensation, benefits, and stock-based compensation, for our
personnel in executive and other administrative functions. General and administrative expenses also include legal fees relating to patent
and corporate matters and professional fees paid for accounting, auditing, consulting and tax services, as well as other costs such as
insurance costs, board of director fees, investor and public relations, and travel expenses.

We anticipate our general
and administrative expenses will increase in the future as we expand our operations, i

[Excerpt truncated for page length; the complete text is on the linked full-MD&A page.]

Read the full FY 2025 MD&A: /company/ACTU/mda/fy2025/
All MD&A years: /company/ACTU/mda/


## MD&A history

Prior-year 10-K MD&A spans are extracted from SEC filings with the same bounded parser used for the latest filing. Each year's full verbatim text is on its own sub-page.

- [FY 2024 MD&A](/company/ACTU/mda/fy2024/): filed 2025-03-13; accession 0001683168-25-001581 (https://www.sec.gov/Archives/edgar/data/1652935/000168316825001581/actuate_i10k-123124.htm)


## FDA-approved drug applications

Applications listed under this company's exact-matched sponsor name. Approved applications only.

No resolved FDA applications were found for this company under the exact-unique, approved-only publish rule.

Sponsor as listed in Drugs@FDA at retrieval (2026-08-07); FDA sponsor listings can lag ownership transfers.

This list covers FDA applications whose listed sponsor name maps to this company by an exact-unique match; applications listed under sponsor names not mapped to this company (subsidiaries, name variants, joint ventures) are absent.


## Macro cross-references

Indicators mapped to this company's SIC classification (industry 2834 Pharmaceutical Preparations) by grepcent's deterministic macro-sector crosswalk. A navigational mapping, not a statistical or causal claim.

- [INDPRO](/indicator/INDPRO/): Industrial Production: Total Index
- [TCU](/indicator/TCU/): Capacity Utilization: Total Index
- [PPIACO](/indicator/PPIACO/): Producer Price Index by Commodity: All Commodities
- [GDPC1](/indicator/GDPC1/): Real Gross Domestic Product
- [DGS10](/indicator/DGS10/): Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity
- [FEDFUNDS](/indicator/FEDFUNDS/): Federal Funds Effective Rate
- [CES0500000003](/indicator/CES0500000003/): Average Hourly Earnings of All Employees, Total Private
- [PAYEMS](/indicator/PAYEMS/): All Employees, Total Nonfarm

Macro-to-micro threads including this sector: [Inflation (CPI / PCE / PPI)](/thread/inflation-cpi-pce-ppi/), [US labor market](/thread/us-labor-market/), [Growth & output](/thread/growth-output/), [Money & trade](/thread/money-trade/), [Government finances](/thread/government-finances/), [Sector employment](/thread/sector-employment/), [Industrial orders & inventories](/thread/industrial-orders/), [Trade & external](/thread/trade-external/).

All macro indicators: /indicators/


## For LLMs & downloads

Markdown twin: /company/ACTU.md · JSON record: /company/ACTU.json · verified financials: /company/ACTU/financials.json / /company/ACTU/financials.csv · machine TOC for the whole site: /llms.txt
