Asking because of no updates and the poor financial reports.

I really hope not. I love Galaxy and the gog platform is my preferred store front choice. The only thing that bugs me is when a game doesn't include achievements on GOG but has achievements on other platforms.

If you like Galaxy achievements, you might want to follow the thread that monitors bugs and/or maybe join our community on Discord:
https://discord.gg/g44CFpU

I hope they don't abandon it. They should fix the remaining bugs and release a stable version, in my opinion. I'm not expecting major new features anytime soon considering how long it takes for updates to get released.

It's been in beta for how long now? 3 years with one single named milestone update in between? I really can't shake the feeling that it's dead in the water.

I would say it's in maintenance mode. I say fix the current bugs and release a stable version. And then release more frequent updates on the beta channel.