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Alector (ALEC) Financials

Alector logo
$2.06 0.00 (0.00%)
Closing price 07/2/2026 04:00 PM Eastern
Extended Trading
$2.04 -0.02 (-0.73%)
As of 07/2/2026 06:57 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Alector

Annual Income Statements for Alector

This table shows Alector's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -32 -52 -241 -190 -36 -133 -130 -119 -143
Consolidated Net Income / (Loss)		 -32 -52 -105 -190 -36 -133 -130 -119 -143
Net Income / (Loss) Continuing Operations		 -32 -52 -241 -190 -36 -133 -130 -119 -143
Total Pre-Tax Income 		-32 -52 -241 -190 -36 -130 -125 -119 -143
Total Operating Income		 -33 -57 -114 -195 -37 -138 -152 -145 -156
Total Gross Profit		 3.74 28 21 21 207 134 97 101 21
Total Revenue		 3.74 28 0.00 21 207 134 97 101 21
Operating Revenue		 3.74 28 21 21 207 134 97 101 21
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 36 85 271 216 244 271 249 246 177
Selling, General & Admin Expense		 6.50 12 35 59 55 61 57 60 54
Research & Development Expense		 30 73 101 157 189 210 192 186 123
Total Other Income / (Expense), net		 0.20 5.04 9.02 4.95 1.03 7.78 27 26 13
Other Income / (Expense), net		 0.20 5.04 9.02 4.95 1.03 7.78 27 26 13
Income Tax Expense		 - - - 0.00 0.00 3.25 5.21 0.13 0.17
Basic Earnings per Share		 ($3.55) ($4.62) ($1.71) ($2.45) ($0.45) ($1.62) ($1.56) ($1.23) ($1.39)
Weighted Average Basic Shares Outstanding		 9.14M 11.30M 61.73M 77.76M 80.42M 82.47M 83.73M 96.59M 103.00M
Diluted Earnings per Share		 ($3.55) ($4.62) ($1.71) ($2.45) ($0.45) ($1.62) ($1.56) ($1.23) ($1.39)
Weighted Average Diluted Shares Outstanding		 9.14M 11.30M 61.73M 77.76M 80.42M 82.47M 83.73M 96.59M 103.00M
Weighted Average Basic & Diluted Shares Outstanding		 9.14M 11.30M 61.73M 77.76M 80.42M 83.03M 95.75M 99.09M 110.36M

Quarterly Income Statements for Alector

This table shows Alector's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -44 -41 -36 -39 -42 -2.07 -40 -31 -35 -37 -23
Consolidated Net Income / (Loss)		 -44 -41 -36 -39 -42 -2.07 -40 -31 -35 -37 -23
Net Income / (Loss) Continuing Operations		 -44 -41 -36 -39 -42 -2.07 -40 -31 -35 -37 -23
Total Pre-Tax Income 		-43 -40 -36 -39 -42 -2.03 -40 -31 -35 -37 -23
Total Operating Income		 -51 -47 -44 -46 -48 -7.25 -45 -34 -38 -40 -25
Total Gross Profit		 9.11 15 16 15 15 54 3.67 7.87 3.26 6.24 1.05
Total Revenue		 9.11 15 16 15 15 54 3.67 7.87 3.26 6.24 1.05
Operating Revenue		 9.11 15 16 15 15 54 3.67 7.87 3.26 6.24 1.05
Total Cost of Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Operating Expenses		 60 63 60 61 64 61 48 42 41 46 26
Selling, General & Admin Expense		 13 15 14 14 16 15 15 14 12 13 8.11
Research & Development Expense		 46 48 45 46 48 46 34 28 29 32 18
Total Other Income / (Expense), net		 7.36 7.69 7.64 7.00 6.21 5.22 4.22 3.61 2.94 2.47 1.99
Other Income / (Expense), net		 7.36 7.69 7.64 7.00 6.21 5.22 4.22 3.61 2.94 2.47 1.99
Income Tax Expense		 1.25 1.67 0.01 0.07 0.00 0.05 0.00 0.00 0.00 0.17 0.00
Basic Earnings per Share		 ($0.53) ($0.50) ($0.38) ($0.40) ($0.43) ($0.02) ($0.41) ($0.30) ($0.34) ($0.34) ($0.21)
Weighted Average Basic Shares Outstanding		 83.93M 83.73M 93.81M 96.67M 97.52M 96.59M 99.40M 100.37M 102.60M 103.00M 110.59M
Diluted Earnings per Share		 ($0.53) ($0.50) ($0.38) ($0.40) ($0.43) ($0.02) ($0.41) ($0.30) ($0.34) ($0.34) ($0.21)
Weighted Average Diluted Shares Outstanding		 83.93M 83.73M 93.81M 96.67M 97.52M 96.59M 99.40M 100.37M 102.60M 103.00M 110.59M
Weighted Average Basic & Diluted Shares Outstanding		 84.14M 95.75M 96.38M 97.32M 97.93M 99.09M 99.99M 101.21M 109.15M 110.36M 111.03M

Annual Cash Flow Statements for Alector

This table details how cash moves in and out of Alector's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -19 34 24 -40 279 -175 -80 -41 33
Net Cash From Operating Activities		 -18 127 -99 -167 299 -20 -184 -230 -184
Net Cash From Continuing Operating Activities		 -18 127 -99 -167 299 -20 -184 -230 -184
Net Income / (Loss) Continuing Operations		 -32 -52 -105 -190 -36 -133 -130 -119 -143
Consolidated Net Income / (Loss)		 -32 -52 -105 -190 -36 -133 -130 -119 -143
Depreciation Expense		 0.68 1.02 3.78 5.87 6.33 5.71 5.73 5.41 5.72
Amortization Expense		 0.00 -2.75 -2.90 1.98 4.09 1.60 -12 -11 -2.34
Non-Cash Adjustments To Reconcile Net Income		 5.35 7.08 18 31 33 51 53 40 41
Changes in Operating Assets and Liabilities, net		 8.68 174 -13 -15 291 55 -100 -145 -85
Net Cash From Investing Activities		 -0.80 -224 -49 -105 -50 -159 102 107 197
Net Cash From Continuing Investing Activities		 -0.80 -224 -49 -105 -50 -159 102 107 197
Purchase of Property, Plant & Equipment		 -0.80 -1.88 -15 -5.03 -3.25 -4.12 -2.38 -1.26 -0.04
Purchase of Investments		 0.00 -472 -530 -507 -343 -557 -552 -468 -272
Sale and/or Maturity of Investments		 0.00 250 496 407 297 402 656 576 469
Net Cash From Financing Activities		 -0.02 131 172 232 30 4.51 2.55 82 20
Net Cash From Continuing Financing Activities		 -0.02 131 172 232 30 4.51 2.55 82 20
Repayment of Debt		 - -1.90 - - - 0.00 0.00 9.39 0.00
Issuance of Common Equity		 0.00 0.00 0.80 1.18 1.77 1.46 1.47 72 20
Other Financing Activities, net		 0.00 0.00 1.52 6.33 29 3.06 1.08 0.00 0.02
Cash Interest Paid		 - - - - - - - 0.00 0.86

Quarterly Cash Flow Statements for Alector

This table details how cash moves in and out of Alector's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -30 -27 -2.00 -25 -10 -3.84 4.95 6.80 32 -11 11
Net Cash From Operating Activities		 -47 -46 -61 -63 -51 -55 -61 -49 -33 -42 -50
Net Cash From Continuing Operating Activities		 -47 -46 -61 -63 -51 -55 -61 -49 -33 -42 -50
Net Income / (Loss) Continuing Operations		 -44 -41 -36 -39 -42 -2.07 -40 -31 -35 -37 -23
Consolidated Net Income / (Loss)		 -44 -41 -36 -39 -42 -2.07 -40 -31 -35 -37 -23
Depreciation Expense		 1.46 1.44 1.44 1.40 1.32 1.24 0.98 2.33 1.24 1.17 1.08
Amortization Expense		 -3.80 -3.99 -3.73 -3.08 -2.39 -1.74 -1.09 -0.79 -0.38 -0.08 0.41
Non-Cash Adjustments To Reconcile Net Income		 7.42 30 18 0.09 12 9.35 11 5.78 11 13 -4.15
Changes in Operating Assets and Liabilities, net		 -7.15 -32 -41 -23 -20 -62 -32 -26 -9.29 -19 -24
Net Cash From Investing Activities		 17 18 -12 37 40 41 66 56 50 26 61
Net Cash From Continuing Investing Activities		 17 18 -12 37 40 41 66 56 50 26 61
Purchase of Property, Plant & Equipment		 0.09 -0.23 -0.53 -0.34 -0.21 -0.17 -0.02 -0.01 -0.01 - -0.12
Purchase of Investments		 -146 -137 -196 -101 -83 -87 -56 -76 -59 -81 -52
Sale and/or Maturity of Investments		 163 156 185 139 124 128 122 132 109 107 113
Net Cash From Financing Activities		 - 0.59 71 0.64 - 9.79 0.00 0.12 15 5.39 0.03
Net Cash From Continuing Financing Activities		 - 0.59 71 0.64 - 9.79 0.00 0.12 15 5.39 0.03
Other Financing Activities, net		 - - 0.00 - - - 0.00 - - - 0.03
Cash Interest Paid		 - - 0.00 - - - 0.21 0.00 0.00 0.64 0.20

Annual Balance Sheets for Alector

This table presents Alector's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 308 422 488 815 788 622 468 293
Total Current Assets		 293 357 422 750 726 566 425 266
Cash & Equivalents		 65 90 50 329 154 75 33 66
Short-Term Investments		 225 263 363 406 559 474 380 190
Prepaid Expenses		 2.77 4.36 8.20 7.07 11 17 11 10
Plant, Property, & Equipment, net		 11 34 30 27 26 22 17 11
Total Noncurrent Assets		 4.25 31 37 38 36 34 26 16
Other Noncurrent Operating Assets		 4.25 31 37 38 36 34 26 16
Total Liabilities & Shareholders' Equity		 308 422 488 815 788 622 468 293
Total Liabilities		 195 227 221 514 573 488 342 263
Total Current Liabilities		 48 62 68 140 94 178 125 70
Short-Term Debt		 - - - - - - 0.00 0.37
Accounts Payable		 0.13 0.28 3.00 4.75 4.19 3.78 2.22 1.69
Accrued Expenses		 13 25 34 36 33 36 36 23
Current Deferred Revenue		 35 30 24 91 48 83 24 6.68
Other Current Liabilities		 0.00 6.57 7.51 7.80 8.06 56 63 38
Total Noncurrent Liabilities		 147 165 153 374 479 310 216 193
Long-Term Debt		 - - - - - 0.00 9.39 9.32
Noncurrent Deferred Revenue		 147 123 108 334 443 211 172 165
Other Noncurrent Operating Liabilities		 0.10 42 44 40 36 99 35 19
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -97 195 268 301 214 134 127 31
Total Preferred & Common Equity		 -97 195 268 301 214 134 127 31
Total Common Equity		 -97 195 268 301 214 134 127 31
Common Stock		 17 414 677 748 799 844 956 1,003
Retained Earnings		 -114 -220 -410 -446 -580 -710 -829 -972
Accumulated Other Comprehensive Income / (Loss)		 -0.04 0.14 0.61 -0.94 -4.58 0.18 0.26 0.17

Quarterly Balance Sheets for Alector

This table presents Alector's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 672 635 571 516 408 356 335 240
Total Current Assets		 613 581 520 469 367 319 300 215
Cash & Equivalents		 102 73 48 37 38 45 77 77
Short-Term Investments		 487 490 456 420 317 263 215 130
Prepaid Expenses		 14 19 16 12 12 12 9.28 8.57
Plant, Property, & Equipment, net		 23 21 20 18 16 14 13 9.93
Total Noncurrent Assets		 36 33 31 28 25 23 22 15
Other Noncurrent Operating Assets		 36 33 31 28 25 23 22 15
Total Liabilities & Shareholders' Equity		 672 635 571 516 408 356 335 240
Total Liabilities		 510 457 420 397 314 285 278 230
Total Current Liabilities		 155 165 148 143 110 84 80 41
Short-Term Debt		 - - - - - - - 1.48
Accounts Payable		 4.68 4.59 4.38 5.02 2.33 2.22 4.76 1.42
Accrued Expenses		 38 25 26 29 23 19 22 12
Current Deferred Revenue		 81 73 64 55 22 13 12 6.72
Other Current Liabilities		 32 62 54 53 62 49 42 19
Total Noncurrent Liabilities		 354 292 272 255 204 201 198 189
Long-Term Debt		 - - - - 9.46 9.54 9.61 8.29
Noncurrent Deferred Revenue		 230 205 200 193 170 169 167 163
Other Noncurrent Operating Liabilities		 125 87 73 62 24 22 21 17
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 163 179 151 119 95 71 58 10
Total Preferred & Common Equity		 163 179 151 119 95 71 58 10
Total Common Equity		 163 179 151 119 95 71 58 10
Common Stock		 832 925 936 945 964 971 992 1,005
Retained Earnings		 -669 -746 -785 -827 -870 -900 -935 -995
Accumulated Other Comprehensive Income / (Loss)		 -0.72 -0.40 -0.62 0.93 0.19 0.10 0.20 -0.10

Annual Metrics And Ratios for Alector

This table displays calculated financial ratios and metrics derived from Alector's official financial filings.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 68,923,730.00 79,242,709.00 81,276,097.00 82,701,539.00 84,136,381.00 - 109,151,472.00
DEI Adjusted Shares Outstanding		 0.00 0.00 68,923,730.00 79,242,709.00 81,276,097.00 82,701,539.00 84,136,381.00 - 109,151,472.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -3.50 -2.40 -0.45 -1.61 -1.55 - -1.31
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% 641.02% -100.00% 0.00% 881.54% -35.48% -27.36% 3.60% -79.07%
EBITDA Growth		 0.00% -69.73% -187.27% -74.51% 85.79% -373.65% -7.25% 5.46% -11.99%
EBIT Growth		 0.00% -60.86% -101.70% -80.51% 80.90% -258.00% 3.75% 5.00% -20.05%
NOPAT Growth		 0.00% -75.31% -99.70% -70.60% 80.86% -268.93% -10.09% 4.44% -7.59%
Net Income Growth		 0.00% -60.86% -203.40% -80.51% 80.90% -266.95% 2.19% 8.70% -20.06%
EPS Growth		 0.00% -30.14% 125.97% -43.27% 81.63% -260.00% 3.70% 21.15% -13.01%
Operating Cash Flow Growth		 0.00% 817.26% -355.82% -67.90% 279.06% -106.81% -805.91% -24.84% 19.95%
Free Cash Flow Firm Growth		 0.00% 0.00% -172.19% -50.62% 276.03% -112.42% -482.56% -25.84% 28.56%
Invested Capital Growth		 0.00% 0.00% 10.69% 7.93% -198.07% -14.70% 16.79% 33.16% 22.19%
Revenue Q/Q Growth		 0.00% 0.00% -200.00% 362.18% 0.03% 0.33% 0.78% 63.49% -69.52%
EBITDA Q/Q Growth		 0.00% 0.00% 48.71% -8.27% -0.92% 0.27% 6.20% 24.23% -31.61%
EBIT Q/Q Growth		 0.00% 0.00% -8.52% -8.85% -5.64% 2.91% 8.71% 24.09% -32.57%
NOPAT Q/Q Growth		 0.00% 0.00% -13.18% -11.68% -8.64% 0.21% 5.00% 21.71% -26.13%
Net Income Q/Q Growth		 0.00% 0.00% -28.52% -12.84% -10.42% 2.33% 7.78% 24.85% -32.67%
EPS Q/Q Growth		 0.00% 0.00% 75.64% -9.38% 15.09% -3.18% 8.24% 28.07% -29.91%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -12.68% -12.73% -0.54% 1.65% 1.53% -4.05% 6.76%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 49.69% -1.41% 2.52% 0.41% -9.79% 15.09%
Invested Capital Q/Q Growth		 0.00% 0.00% 102.78% 3.79% 1.68% 1.34% 2.72% 18.05% 3.62%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 100.00% 100.00% 0.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 -851.41% -195.01% 0.00% -864.44% -12.51% -91.86% -135.63% -123.77% -662.32%
Operating Margin		 -874.94% -206.99% 0.00% -925.08% -18.04% -103.16% -156.33% -144.19% -741.30%
EBIT Margin		 -869.61% -188.78% 0.00% -901.64% -17.54% -97.33% -128.97% -118.26% -678.36%
Profit (Net Income) Margin		 -869.61% -188.78% 0.00% -901.64% -17.54% -99.77% -134.34% -118.39% -679.16%
Tax Burden Percent		 100.00% 100.00% 87.45% 100.00% 100.00% 102.50% 104.16% 100.11% 100.12%
Interest Burden Percent		 100.00% 100.00% 457.39% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% -46.19% -68.46% -82.30% -12.79% -51.75% -74.81% -91.24% -181.56%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% -16.94% 0.00% -41.80% -5.58% -16.23% -17.76% -21.82% -37.49%
Return on Assets (ROA)		 0.00% -16.94% 0.00% -41.80% -5.58% -16.64% -18.50% -21.84% -37.54%
Return on Common Equity (ROCE)		 0.00% 39.77% -43.29% -82.30% -12.79% -51.75% -74.81% -91.24% -181.56%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 53.64% -108.23% -71.11% -12.08% -62.17% -97.19% -93.89% 0.00%
Net Operating Profit after Tax (NOPAT)		 -23 -40 -80 -137 -26 -96 -106 -101 -109
NOPAT Margin		 -612.46% -144.89% 0.00% -647.56% -12.63% -72.21% -109.43% -100.93% -518.91%
Net Nonoperating Expense Percent (NNEP)		 0.00% -8.37% -15.03% -13.99% -1.77% -5.09% -3.83% -3.68% -10.37%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - -44.99% -79.17% -74.53% -270.72%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 174.11% 43.12% 0.00% 281.56% 26.58% 45.68% 58.40% 59.28% 256.53%
R&D to Revenue		 800.83% 263.87% 0.00% 743.53% 91.46% 157.48% 197.93% 184.91% 584.77%
Operating Expenses to Revenue		 974.94% 306.99% 0.00% 1,025.08% 118.04% 203.16% 256.33% 244.19% 841.30%
Earnings before Interest and Taxes (EBIT)		 -32 -52 -105 -190 -36 -130 -125 -119 -143
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -32 -54 -105 -182 -26 -123 -132 -124 -139
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 11.56 4.48 5.58 3.56 5.00 1.46 5.56
Price to Tangible Book Value (P/TBV)		 0.00 0.00 11.56 4.48 5.58 3.56 5.00 1.46 5.56
Price to Revenue (P/Rev)		 47.05 6.35 0.00 56.83 8.10 5.71 6.92 1.84 8.09
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 3.46 0.00 37.24 4.55 0.38 1.26 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.75 0.00 0.00 3.16 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.70 0.00 0.00 3.59 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.32
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.30
Financial Leverage		 0.00 -2.57 -2.09 -1.66 -2.02 -2.81 -3.62 -3.65 -4.13
Leverage Ratio		 0.00 2.73 4.74 1.97 2.29 3.11 4.04 4.18 4.84
Compound Leverage Factor		 0.00 2.73 5.42 1.97 2.29 3.11 4.04 4.18 4.84
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.89% 24.02%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.91%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.89% 23.11%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 186.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% -86.10% 200.00% 100.00% 100.00% 100.00% 100.00% 93.11% 75.98%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.08 -0.07
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.25 1.77
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.08 -0.07
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.09 -0.09
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.98 2.26
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.09 -0.09
Altman Z-Score		 0.00 0.51 2.42 1.71 2.20 0.36 -0.53 -2.01 -4.98
Noncontrolling Interest Sharing Ratio		 0.00% 186.10% 68.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 0.00 6.11 5.77 6.19 5.37 7.74 3.18 3.40 3.83
Quick Ratio		 0.00 6.06 11.40 6.07 5.27 7.60 3.08 3.31 3.68
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 137 -99 -149 263 -33 -190 -239 -171
Operating Cash Flow to CapEx		 -2,218.60% 6,765.61% -1,301.12% -3,313.47% 9,194.67% -493.78% -7,734.65% -18,319.12% -448,856.10%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.00 0.09 0.00 0.05 0.32 0.17 0.14 0.18 0.06
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 2.53 0.00 0.66 7.20 5.06 4.10 5.16 1.50
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 0.00 -177 -158 -146 -435 -498 -415 -277 -216
Invested Capital Turnover		 0.00 -0.31 0.00 -0.14 -0.71 -0.29 -0.21 -0.29 -0.09
Increase / (Decrease) in Invested Capital		 0.00 -177 19 13 -289 -64 84 137 62
Enterprise Value (EV)		 0.00 96 1,545 786 943 50 123 -219 -76
Market Capitalization		 176 176 1,188 1,199 1,678 763 671 185 170
Book Value per Share		 $0.00 ($8.62) $2.83 $3.38 $3.70 $2.59 $1.59 $1.29 $0.28
Tangible Book Value per Share		 $0.00 ($8.62) $2.83 $3.38 $3.70 $2.59 $1.59 $1.29 $0.28
Total Capital		 0.00 113 195 268 301 214 134 136 40
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.39 9.69
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.39 9.32
Net Debt		 0.00 -290 -353 -413 -735 -713 -549 -404 -246
Capital Expenditures (CapEx)		 0.80 1.88 15 5.03 3.25 4.12 2.38 1.26 0.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -45 -58 -60 -125 -80 -161 -114 -59
Debt-free Net Working Capital (DFNWC)		 0.00 245 295 353 610 633 388 300 197
Net Working Capital (NWC)		 0.00 245 295 353 610 633 388 300 197
Net Nonoperating Expense (NNE)		 9.60 12 25 54 10 37 24 18 34
Net Nonoperating Obligations (NNO)		 0.00 -290 -353 -413 -735 -713 -549 -404 -246
Total Depreciation and Amortization (D&A)		 0.68 -1.73 0.87 7.85 10 7.31 -6.47 -5.54 3.38
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -163.24% 0.00% -283.84% -60.41% -60.04% -165.88% -113.01% -278.97%
Debt-free Net Working Capital to Revenue		 0.00% 886.04% 0.00% 1,675.15% 294.64% 473.46% 399.60% 298.09% 937.59%
Net Working Capital to Revenue		 0.00% 886.04% 0.00% 1,675.15% 294.64% 473.46% 399.60% 298.09% 935.85%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($1.71) ($2.45) ($0.45) ($1.62) ($1.56) ($1.23) ($1.39)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 78.98M 79.58M 82.04M 82.47M 83.73M 96.59M 103.00M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($1.71) ($2.45) ($0.45) ($1.62) ($1.56) ($1.23) ($1.39)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 78.98M 79.58M 82.04M 82.47M 83.73M 96.59M 103.00M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 ($1.71) ($2.45) ($0.45) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 61.73M 77.76M 80.42M 83.03M 95.75M 99.09M 110.36M
Normalized Net Operating Profit after Tax (NOPAT)		 -23 -40 -80 -137 -26 -96 -106 -101 -109
Normalized NOPAT Margin		 -612.46% -144.89% 0.00% -647.56% -12.63% -72.21% -109.43% -100.93% -518.91%
Pre Tax Income Margin		 -869.61% -188.78% 0.00% -901.64% -17.54% -97.33% -128.97% -118.26% -678.36%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Alector

This table displays calculated financial ratios and metrics derived from Alector's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 83,830,300.00 84,136,381.00 84,136,381.00 96,384,562.00 97,321,062.00 - 99,085,888.00 99,992,600.00 101,212,329.00 109,151,472.00 110,362,581.00
DEI Adjusted Shares Outstanding		 83,830,300.00 84,136,381.00 84,136,381.00 96,384,562.00 97,321,062.00 - 99,085,888.00 99,992,600.00 101,212,329.00 109,151,472.00 110,362,581.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.53 -0.49 -0.43 -0.40 -0.43 - -0.41 -0.31 -0.34 -0.34 -0.21
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -38.67% 5.19% -3.96% -73.17% 68.43% 257.08% -76.88% -47.80% -78.75% -88.50% -71.53%
EBITDA Growth		 -3.96% 17.07% 15.60% -2,503.34% 4.97% 94.03% -5.79% 28.03% 21.91% -1,324.93% 47.18%
EBIT Growth		 4.83% 23.09% 19.76% -1,494.62% 2.32% 94.91% -12.20% 20.93% 17.89% -1,731.15% 43.34%
NOPAT Growth		 -5.94% 14.40% 12.78% -1,690.65% 4.25% 84.72% -2.26% 25.15% 22.35% -445.81% 44.25%
Net Income Growth		 3.63% 20.97% 21.32% -2,912.80% 5.07% 94.99% -12.17% 21.08% 17.89% -1,696.87% 43.34%
EPS Growth		 5.36% 21.88% 30.91% -2,100.00% 18.87% 96.00% -7.89% 25.00% 20.93% -1,600.00% 48.78%
Operating Cash Flow Growth		 5.12% 5.84% -26.36% -46.03% -9.01% -19.44% 0.92% 21.90% 35.92% 24.24% 18.05%
Free Cash Flow Firm Growth		 -483.33% -566.29% 10.73% -27.74% -6.68% -21.93% -22.62% -32.95% -15.47% 37.42% 50.27%
Invested Capital Growth		 15.62% 16.79% 21.21% 18.67% 20.65% 33.16% 34.63% 35.77% 33.84% 22.19% 25.60%
Revenue Q/Q Growth		 -83.80% 66.76% 4.63% -5.10% 1.72% 253.54% -93.23% 114.32% -58.60% 91.32% -83.23%
EBITDA Q/Q Growth		 -2,818.20% 7.11% 9.35% -5.01% -7.48% 94.16% -1,505.90% 28.57% -16.62% -6.51% 40.47%
EBIT Q/Q Growth		 -1,661.52% 7.99% 9.29% -7.02% -9.37% 95.20% -1,897.58% 24.58% -13.57% -7.02% 38.19%
NOPAT Q/Q Growth		 -1,886.06% 6.19% 7.89% -4.34% -6.20% 85.03% -516.57% 23.62% -10.16% -5.21% 37.02%
Net Income Q/Q Growth		 -3,334.55% 6.84% 12.92% -7.20% -9.16% 95.09% -1,851.35% 24.58% -13.57% -7.50% 38.47%
EPS Q/Q Growth		 -2,750.00% 5.66% 24.00% -5.26% -7.50% 95.35% -1,950.00% 26.83% -13.33% 0.00% 38.24%
Operating Cash Flow Q/Q Growth		 -8.22% 1.01% -33.16% -2.37% 19.21% -8.46% -10.46% 19.31% 33.71% -28.24% -19.48%
Free Cash Flow Firm Q/Q Growth		 -29.33% -2.29% -14.38% 15.58% -8.01% -16.92% -15.02% 8.47% 6.19% 36.64% 8.59%
Invested Capital Q/Q Growth		 1.71% 2.72% 7.60% 7.94% 4.11% 18.05% 9.64% 9.55% 1.23% 3.62% 13.59%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 -500.13% -278.59% -241.36% -267.06% -282.18% -4.66% -1,104.55% -368.16% -1,037.06% -577.33% -2,049.24%
Operating Margin		 -555.31% -312.40% -275.01% -302.37% -315.70% -13.36% -1,216.52% -433.55% -1,153.62% -634.38% -2,382.31%
EBIT Margin		 -474.51% -261.80% -226.97% -255.94% -275.19% -3.74% -1,101.55% -387.66% -1,063.40% -594.82% -2,192.16%
Profit (Net Income) Margin		 -488.25% -272.77% -227.01% -256.42% -275.19% -3.82% -1,101.55% -387.66% -1,063.40% -597.51% -2,192.16%
Tax Burden Percent		 102.90% 104.19% 100.02% 100.19% 100.00% 102.37% 100.00% 100.00% 100.00% 100.45% 100.00%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -68.03% -74.81% -66.65% -92.64% -112.55% -91.24% -90.26% -103.98% -121.98% -181.56% -238.85%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 -60.55% -36.06% -31.62% -22.11% -28.49% -0.69% -186.45% -67.84% -172.50% -32.88% -124.57%
Return on Assets (ROA)		 -62.31% -37.57% -31.63% -22.16% -28.49% -0.71% -186.45% -67.84% -172.50% -33.02% -124.57%
Return on Common Equity (ROCE)		 -68.03% -74.81% -66.65% -92.64% -112.55% -91.24% -90.26% -103.98% -121.98% -181.56% -238.85%
Return on Equity Simple (ROE_SIMPLE)		 -86.98% 0.00% -67.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -35 -33 -31 -32 -34 -5.07 -31 -24 -26 -28 -17
NOPAT Margin		 -388.72% -218.68% -192.51% -211.66% -220.99% -9.36% -851.57% -303.49% -807.53% -444.06% -1,667.62%
Net Nonoperating Expense Percent (NNEP)		 -1.35% -1.30% -0.89% -1.19% -1.59% 0.63% -2.02% -1.65% -2.26% -2.94% -2.03%
Return On Investment Capital (ROIC_SIMPLE)		 - -24.76% -17.10% -21.20% -28.51% -3.73% -30.06% -29.61% -39.10% -68.66% -86.57%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 146.71% 98.22% 90.82% 95.31% 102.84% 27.71% 400.87% 182.89% 353.31% 213.88% 775.14%
R&D to Revenue		 508.60% 314.17% 284.19% 307.06% 312.85% 85.66% 915.65% 350.66% 900.31% 520.49% 1,707.17%
Operating Expenses to Revenue		 655.31% 412.40% 375.01% 402.37% 415.70% 113.36% 1,316.52% 533.55% 1,253.62% 734.38% 2,482.31%
Earnings before Interest and Taxes (EBIT)		 -43 -40 -36 -39 -42 -2.03 -40 -31 -35 -37 -23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -46 -42 -38 -40 -43 -2.53 -41 -29 -34 -36 -21
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.34 5.00 2.83 2.91 3.81 1.46 1.29 1.97 5.19 5.56 22.85
Price to Tangible Book Value (P/TBV)		 3.34 5.00 2.83 2.91 3.81 1.46 1.29 1.97 5.19 5.56 22.85
Price to Revenue (P/Rev)		 5.64 6.92 5.25 7.92 7.37 1.84 1.38 1.73 4.34 8.09 12.88
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 1.26 0.00 0.00 0.00 0.00 0.00 0.00 0.26 0.00 2.20
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.07 0.10 0.13 0.17 0.32 0.94
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.07 0.10 0.13 0.17 0.30 0.80
Financial Leverage		 -3.24 -3.62 -3.40 -3.27 -3.72 -3.65 -3.32 -3.61 -4.18 -4.13 -5.16
Leverage Ratio		 3.63 4.04 3.82 3.69 4.22 4.18 3.82 4.18 4.82 4.84 6.17
Compound Leverage Factor		 3.63 4.04 3.82 3.69 4.22 4.18 3.82 4.18 4.82 4.84 6.17
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 6.89% 9.09% 11.82% 14.28% 24.02% 48.47%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.91% 7.35%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 6.89% 9.09% 11.82% 14.28% 23.11% 41.13%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 93.11% 90.91% 88.19% 85.72% 75.98% 51.53%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -0.08 -0.07 -0.08 -0.09 -0.07 -0.08
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 3.25 2.72 2.58 2.66 1.77 1.64
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -0.08 -0.07 -0.08 -0.09 -0.07 -0.07
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -0.09 -0.09 -0.10 -0.11 -0.09 -0.10
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 3.98 3.38 3.16 3.25 2.26 2.06
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -0.09 -0.09 -0.10 -0.11 -0.09 -0.09
Altman Z-Score		 0.00 -0.08 -0.23 -0.64 -0.95 -1.18 -2.10 -2.51 -2.60 -3.79 -4.55
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.95 3.18 3.53 3.52 3.29 3.40 3.34 3.78 3.76 3.83 5.25
Quick Ratio		 3.79 3.08 3.41 3.41 3.21 3.31 3.23 3.64 3.64 3.68 5.04
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -114 -117 -134 -113 -122 -143 -164 -150 -141 -89 -82
Operating Cash Flow to CapEx		 0.00% -19,772.53% -11,509.57% -18,634.12% -23,931.13% -31,808.09% -303,915.00% -490,460.00% -295,554.55% 0.00% -42,214.41%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.13 0.14 0.14 0.09 0.10 0.18 0.17 0.18 0.16 0.06 0.06
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 3.90 4.10 4.21 2.50 2.98 5.16 4.77 4.79 4.46 1.50 1.41
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -426 -415 -383 -353 -338 -277 -250 -227 -224 -216 -186
Invested Capital Turnover		 -0.21 -0.21 -0.22 -0.14 -0.16 -0.29 -0.28 -0.28 -0.25 -0.09 -0.08
Increase / (Decrease) in Invested Capital		 79 84 103 81 88 137 133 126 114 62 64
Enterprise Value (EV)		 -46 123 -56 -66 -3.69 -219 -223 -158 18 -76 41
Market Capitalization		 543 671 507 438 454 185 122 140 300 170 237
Book Value per Share		 $1.94 $1.59 $1.91 $1.56 $1.22 $1.29 $0.95 $0.71 $0.57 $0.28 $0.09
Tangible Book Value per Share		 $1.94 $1.59 $1.91 $1.56 $1.22 $1.29 $0.95 $0.71 $0.57 $0.28 $0.09
Total Capital		 163 134 179 151 119 136 104 81 67 40 20
Total Debt		 0.00 0.00 0.00 0.00 0.00 9.39 9.46 9.54 9.61 9.69 9.77
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 9.39 9.46 9.54 9.61 9.32 8.29
Net Debt		 -589 -549 -562 -503 -457 -404 -345 -298 -281 -246 -197
Capital Expenditures (CapEx)		 -0.09 0.23 0.53 0.34 0.21 0.17 0.02 0.01 0.01 0.00 0.12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -131 -161 -146 -131 -130 -114 -98 -72 -71 -59 -31
Debt-free Net Working Capital (DFNWC)		 458 388 416 372 327 300 257 235 220 197 176
Net Working Capital (NWC)		 458 388 416 372 327 300 257 235 220 197 174
Net Nonoperating Expense (NNE)		 9.07 8.22 5.48 6.75 8.32 -3.00 9.18 6.63 8.34 9.57 5.49
Net Nonoperating Obligations (NNO)		 -589 -549 -562 -503 -457 -404 -345 -298 -281 -246 -197
Total Depreciation and Amortization (D&A)		 -2.33 -2.55 -2.29 -1.68 -1.07 -0.50 -0.11 1.54 0.86 1.09 1.50
Debt-free, Cash-free Net Working Capital to Revenue		 -136.14% -165.88% -151.04% -237.57% -211.94% -113.01% -110.57% -89.31% -102.37% -278.97% -167.87%
Debt-free Net Working Capital to Revenue		 475.27% 399.60% 432.00% 673.03% 531.38% 298.09% 290.79% 289.44% 319.23% 937.59% 953.46%
Net Working Capital to Revenue		 475.27% 399.60% 432.00% 673.03% 531.38% 298.09% 290.79% 289.44% 319.23% 935.85% 945.43%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.53) ($0.50) ($0.38) ($0.40) ($0.43) ($0.02) ($0.41) ($0.30) ($0.34) ($0.34) ($0.21)
Adjusted Weighted Average Basic Shares Outstanding		 83.93M 83.73M 93.81M 96.67M 97.52M 96.59M 99.40M 100.37M 102.60M 103.00M 110.59M
Adjusted Diluted Earnings per Share		 ($0.53) ($0.50) ($0.38) ($0.40) ($0.43) ($0.02) ($0.41) ($0.30) ($0.34) ($0.34) ($0.21)
Adjusted Weighted Average Diluted Shares Outstanding		 83.93M 83.73M 93.81M 96.67M 97.52M 96.59M 99.40M 100.37M 102.60M 103.00M 110.59M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 84.14M 95.75M 96.38M 97.32M 97.93M 99.09M 99.99M 101.21M 109.15M 110.36M 111.03M
Normalized Net Operating Profit after Tax (NOPAT)		 -35 -33 -31 -32 -34 -5.07 -31 -24 -26 -28 -17
Normalized NOPAT Margin		 -388.72% -218.68% -192.51% -211.66% -220.99% -9.36% -851.57% -303.49% -807.53% -444.06% -1,667.62%
Pre Tax Income Margin		 -474.51% -261.80% -226.97% -255.94% -275.19% -3.74% -1,101.55% -387.66% -1,063.40% -594.82% -2,192.16%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Alector’s latest quarter shows a mixed but improving liquidity picture, while profitability remains deeply negative. In Q1 2026, the company continued to post losses and burn cash from operations, but it also entered the quarter with a sizable balance of cash and short-term investments, giving it a meaningful runway for now.

Top takeaways for retail investors:

  • Cash and investments remain substantial. As of March 31, 2026, Alector held $76.0 million in cash and equivalents and $129.6 million in short-term investments, for roughly $205.5 million in liquid resources.
  • Current assets comfortably exceed current liabilities. Total current assets were $215.1 million versus current liabilities of $41.0 million, indicating solid near-term liquidity.
  • Quarterly cash increased despite operating losses. Net cash rose by $11.2 million in Q1 2026, helped by investment activity.
  • Operating cash burn improved versus late 2025. Operating cash outflow was $49.8 million in Q1 2026, better than the $41.7 million outflow in Q4 2025 on a sequentially comparable basis, though still significant.
  • Losses narrowed from the prior quarter. Net loss improved to $22.9 million in Q1 2026 from $37.3 million in Q4 2025.
  • Revenue remains small and lumpy. Q1 2026 revenue was just $1.0 million, down sharply from $6.2 million in Q4 2025 and well below the larger revenue quarters seen in 2024.
  • Other income helped offset operations. Alector reported $2.0 million in other income in Q1 2026, which reduced the pretax loss but did not change the core operating story.
  • Deferred revenue is large. Noncurrent deferred revenue of $162.9 million suggests collaboration-related obligations remain important to the business model.
  • The company is still not profitable. Alector posted an operating loss of $24.9 million in Q1 2026 and a net loss of $22.9 million.
  • Cash burn is still heavy over time. For the last several years, Alector has consistently generated large operating losses and negative operating cash flow, which increases dependence on financing or partnership revenue.

Longer-term trend: Alector’s balance sheet has strengthened meaningfully since early 2024, when it held $635.5 million in assets versus $456.6 million in liabilities. By Q1 2026, assets had fallen to $239.9 million and liabilities to $229.5 million, leaving equity at just $10.4 million. That sharp decline reflects continued operating losses and the use of cash and investments to fund the business.

Bottom line: Alector still has enough liquidity to operate in the near term, but the business remains heavily loss-making and cash consuming. Investors will want to watch whether future quarters show improving revenue, better expense control, or a reduction in operating cash burn.

07/05/26 08:53 AM ETAI Generated. May Contain Errors.

Alector Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Alector's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Alector's net income appears to be on an upward trend, with a most recent value of -$142.93 million in 2025, rising from -$32.48 million in 2017. The previous period was -$119.05 million in 2024. View Alector's forecast to see where analysts expect Alector to go next.

Alector's total operating income in 2025 was -$156.01 million, based on the following breakdown:
  • Total Gross Profit: $21.05 million
  • Total Operating Expenses: $177.05 million

Over the last 8 years, Alector's total revenue changed from $3.74 million in 2017 to $21.05 million in 2025, a change of 463.5%.

Alector's total liabilities were at $262.59 million at the end of 2025, a 23.1% decrease from 2024, and a 34.5% increase since 2018.

In the past 7 years, Alector's cash and equivalents has ranged from $33.02 million in 2024 to $329.15 million in 2021, and is currently $65.80 million as of their latest financial filing in 2025.

Over the last 8 years, Alector's book value per share changed from 0.00 in 2017 to 0.28 in 2025, a change of 28.1%.


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Financial statements for NASDAQ:ALEC last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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