What is Adlai Nortye's operating income?

Adlai Nortye's total operating income in 2025 was -$35.47 million, based on the following breakdown: Total Gross Profit: $5.23 million Total Operating Expenses: $40.70 million

Adlai Nortye (ANL) Financials

$10.63 +1.43 (+15.54%)

Closing price 07/15/2026 04:00 PM Eastern

Extended Trading

$10.22 -0.41 (-3.86%)

As of 08:32 AM Eastern

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Annual Income Statements for Adlai Nortye

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

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-56	-57	-109	-52	-36
Consolidated Net Income / (Loss)	-57	-59	-109	-52	-36
Net Income / (Loss) Continuing Operations	-56	-57	-109	-52	-36
Total Pre-Tax Income	-56	-57	-109	-52	-36
Total Operating Income	-54	-67	-73	-53	-35
Total Gross Profit	0.00	0.00	-0.08	-0.04	5.23
Total Revenue	0.00	0.00	-0.08	-0.04	5.23
Operating Revenue	-	0.00	-0.08	-0.04	5.23
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	54	67	73	53	41
Selling, General & Admin Expense	-	13	15	9.95	8.26
Research & Development Expense	42	54	58	45	33
Other Operating Expenses / (Income)	12	-0.26	-0.89	-1.94	-0.40
Total Other Income / (Expense), net	-1.31	9.88	-37	1.10	-0.06
Interest & Investment Income	0.03	1.03	0.06	-0.00	-0.00
Other Income / (Expense), net	-1.34	8.84	-37	1.11	-0.06
Weighted Average Basic Shares Outstanding	25.44M	25.44M	43.34M	95.78M	120.00M
Weighted Average Diluted Shares Outstanding	25.44M	25.44M	43.34M	95.78M	95.92M
Weighted Average Basic & Diluted Shares Outstanding	50.88M	25.44M	43.34M	95.78M	95.92M

No quarterly income statements for Adlai Nortye are available.

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

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	39	-42	-102	-51	-53
Net Cash From Operating Activities	-50	-41	-102	-51	-33
Net Cash From Continuing Operating Activities	-50	-41	-102	-51	-34
Net Income / (Loss) Continuing Operations	-57	-59	-109	-52	-36
Consolidated Net Income / (Loss)	-57	-59	-109	-52	-36
Depreciation Expense	1.81	0.93	1.21	0.98	1.39
Amortization Expense	0.02	-	-	-	0.02
Non-Cash Adjustments To Reconcile Net Income	4.59	6.50	5.12	4.39	3.06
Changes in Operating Assets and Liabilities, net	0.64	10	1.25	-4.20	-2.51
Net Cash From Investing Activities	-1.02	-1.25	-0.20	-0.17	-16
Net Cash From Continuing Investing Activities	-1.02	-1.25	-0.20	-0.17	-16
Purchase of Property, Plant & Equipment	-1.02	-1.25	-0.20	-0.17	-0.19
Purchase of Investments	0.00	-	-	-	-15
Sale of Property, Plant & Equipment	0.00	-	-	-	0.00
Net Cash From Financing Activities	99	0.00	0.00	0.15	-3.81
Net Cash From Continuing Financing Activities	99	0.00	0.00	0.15	-3.81
Repayment of Debt	-10	-	-	-	-42
Issuance of Debt	12	-	-	-	38
Other Financing Activities, net	-	0.00	0.00	0.15	0.00

No quarterly cash flow statements for Adlai Nortye are available.

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

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	73	120	71	34
Total Current Assets	66	101	64	24
Cash & Equivalents	43	91	61	8.06
Restricted Cash	-	-	-	16
Accounts Receivable	-	0.00	0.01	0.27
Plant, Property, & Equipment, net	3.71	2.65	1.74	1.22
Plant, Property & Equipment, gross	3.71	2.65	1.74	8.32
Total Noncurrent Assets	24	26	5.17	9.16
Long-Term Investments	0.00	0.00	4.16	4.25
Intangible Assets	0.09	0.06	0.04	0.02
Other Noncurrent Operating Assets	24	26	0.97	4.89
Total Liabilities & Shareholders' Equity	73	130	71	34
Total Liabilities	314	51	46	43
Total Current Liabilities	21	50	45	42
Short-Term Debt	4.31	30	26	25
Accounts Payable	17	14	14	16
Other Current Liabilities	-	0.72	5.00	0.67
Total Noncurrent Liabilities	294	5.47	1.32	1.13
Other Noncurrent Operating Liabilities	292	5.00	0.43	1.13
Total Equity & Noncontrolling Interests	-241	75	25	-8.32
Total Preferred & Common Equity	-241	75	25	-8.32
Total Common Equity	-241	-364	25	-8.32
Common Stock	17	0.01	0.01	0.01
Retained Earnings	-268	-377	-429	-465
Other Equity Adjustments	9.53	14	455	457

No quarterly balance sheets for Adlai Nortye are available.

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

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	332,102,415.00	332,102,415.00	332,102,415.00
DEI Adjusted Shares Outstanding	0.00	0.00	332,102,415.00	332,102,415.00	332,102,415.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	-0.33	-0.16	-0.11
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	47.50%	12,547.62%
EBITDA Growth	0.00%	-6.71%	-87.97%	52.92%	32.96%
EBIT Growth	0.00%	-4.88%	-87.05%	52.54%	31.50%
NOPAT Growth	0.00%	-23.72%	-7.97%	27.07%	33.04%
Net Income Growth	0.00%	-3.73%	-85.79%	52.51%	31.50%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	0.00%	16.86%	-146.43%	50.12%	34.01%
Free Cash Flow Firm Growth	0.00%	0.00%	-246.01%	95.46%	-70.12%
Invested Capital Growth	0.00%	0.00%	103.10%	-251.32%	9.96%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-
Gross Margin	0.00%	0.00%	0.00%	0.00%	100.00%
EBITDA Margin	0.00%	0.00%	0.00%	0.00%	-652.51%
Operating Margin	0.00%	0.00%	0.00%	0.00%	-678.46%
EBIT Margin	0.00%	0.00%	0.00%	0.00%	-679.53%
Profit (Net Income) Margin	0.00%	0.00%	0.00%	0.00%	-679.57%
Tax Burden Percent	101.80%	102.43%	100.00%	100.00%	100.00%
Interest Burden Percent	99.94%	98.23%	99.94%	100.01%	100.01%
Effective Tax Rate	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%
ROIC Less NNEP Spread (ROIC-NNEP)	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%
Return on Equity (ROE)	0.00%	24.36%	131.40%	-103.19%	-414.01%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-3,913.75%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	-67.22%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	-67.22%
Return on Common Equity (ROCE)	0.00%	24.36%	478.15%	347.12%	-414.01%
Return on Equity Simple (ROE_SIMPLE)	0.00%	24.36%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-38	-47	-51	-37	-25
NOPAT Margin	0.00%	0.00%	0.00%	0.00%	-474.92%
Net Nonoperating Expense Percent (NNEP)	0.00%	-62.50%	-112.44%	-28.18%	-50.93%
Return On Investment Capital (ROIC_SIMPLE)	-	20.06%	-48.02%	-70.34%	-152.70%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	158.01%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	628.02%
Operating Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	778.46%
Earnings before Interest and Taxes (EBIT)	-56	-58	-109	-52	-36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-54	-57	-108	-51	-34
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	10.09	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	10.11	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	26.05
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	88.83	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	25.39
Enterprise Value to EBITDA (EV/EBITDA)	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
Enterprise Value to NOPAT (EV/NOPAT)	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
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.09	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	-0.03	0.41	1.07	-2.95
Long-Term Debt to Equity	0.00	-0.01	0.01	0.04	0.00
Financial Leverage	0.00	0.16	0.62	-1.04	-2.45
Leverage Ratio	0.00	-0.30	-1.16	1.90	6.16
Compound Leverage Factor	0.00	-0.30	-1.16	1.90	6.16
Debt to Total Capital	0.00%	-2.79%	29.12%	51.65%	151.18%
Short-Term Debt to Total Capital	0.00%	-1.83%	28.67%	49.95%	151.18%
Long-Term Debt to Total Capital	0.00%	-0.95%	0.44%	1.70%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	414.37%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	102.79%	-343.49%	48.35%	-51.18%
Debt to EBITDA	0.00	-0.11	-0.29	-0.54	-0.72
Net Debt to EBITDA	0.00	0.63	0.56	0.74	0.10
Long-Term Debt to EBITDA	0.00	-0.04	0.00	-0.02	0.00
Debt to NOPAT	0.00	-0.14	-0.61	-0.73	-0.99
Net Debt to NOPAT	0.00	0.77	1.19	1.02	0.14
Long-Term Debt to NOPAT	0.00	-0.05	-0.01	-0.02	0.00
Altman Z-Score	0.00	-6.97	-2.29	-7.14	-20.85
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	-263.88%	436.39%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	3.12	2.04	1.43	0.58
Quick Ratio	0.00	2.01	1.84	1.36	0.20
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	232	-338	-15	-26
Operating Cash Flow to CapEx	-4,873.58%	-3,302.32%	-50,821.00%	-29,820.59%	-17,888.77%
Free Cash Flow to Firm to Interest Expense	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
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.10
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	37.08
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	3.53
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	9.84
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	9.84
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	-279	8.64	-13	-12
Invested Capital Turnover	0.00	0.00	0.00	0.00	-0.42
Increase / (Decrease) in Invested Capital	0.00	-279	287	-22	1.30
Enterprise Value (EV)	0.00	21	768	219	133
Market Capitalization	58	58	390	257	136
Book Value per Share	$0.00	($9.48)	($8.39)	$0.12	($0.07)
Tangible Book Value per Share	$0.00	($9.49)	($8.39)	$0.11	($0.07)
Total Capital	0.00	-235	106	53	16
Total Debt	0.00	6.54	31	27	25
Total Long-Term Debt	0.00	2.24	0.47	0.90	0.00
Net Debt	0.00	-36	-61	-38	-3.45
Capital Expenditures (CapEx)	1.02	1.25	0.20	0.17	0.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	6.57	-9.62	-15	-17
Debt-free Net Working Capital (DFNWC)	0.00	49	82	46	7.01
Net Working Capital (NWC)	0.00	45	52	19	-18
Net Nonoperating Expense (NNE)	19	12	58	15	11
Net Nonoperating Obligations (NNO)	0.00	-37	-66	-39	-3.45
Total Depreciation and Amortization (D&A)	1.83	0.93	1.21	0.98	1.41
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	-320.93%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	134.05%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	-336.15%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	120.00M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	95.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	95.92M
Normalized Net Operating Profit after Tax (NOPAT)	-38	-47	-51	-37	-25
Normalized NOPAT Margin	0.00%	0.00%	0.00%	0.00%	-474.92%
Pre Tax Income Margin	0.00%	0.00%	0.00%	0.00%	-679.57%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	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
NOPAT Less CapEx to Interest Expense	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%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for Adlai Nortye are available.

Financials Breakdown Chart

Adlai Nortye Financials - Frequently Asked Questions

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

Adlai Nortye's net income appears to be on a downward trend, with a most recent value of -$35.53 million in 2025, falling from -$56.68 million in 2021. The previous period was -$51.87 million in 2024. See where experts think Adlai Nortye is headed by visiting Adlai Nortye's forecast page.

Adlai Nortye's total operating income in 2025 was -$35.47 million, based on the following breakdown:

Total Gross Profit: $5.23 million
Total Operating Expenses: $40.70 million

Over the last 4 years, Adlai Nortye's total revenue changed from $0.00 in 2021 to $5.23 million in 2025, a change of 522,800,000.0%.

Adlai Nortye's total liabilities were at $42.76 million at the end of 2025, a 6.6% decrease from 2024, and a 86.4% decrease since 2022.

In the past 3 years, Adlai Nortye's cash and equivalents has ranged from $8.06 million in 2025 to $91.49 million in 2023, and is currently $8.06 million as of their latest financial filing in 2025.

Over the last 4 years, Adlai Nortye's book value per share changed from 0.00 in 2021 to -0.07 in 2025, a change of -6.9%.

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Financial statements for NASDAQ:ANL last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Adlai Nortye (ANL) Financials

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Adlai Nortye Financials - Frequently Asked Questions

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Adlai Nortye (ANL) Financials

Annual Income Statements for Adlai Nortye

Quarterly Income Statements for Adlai Nortye

Annual Cash Flow Statements for Adlai Nortye

Quarterly Cash Flow Statements for Adlai Nortye

Annual Balance Sheets for Adlai Nortye

Quarterly Balance Sheets for Adlai Nortye

Annual Metrics And Ratios for Adlai Nortye

Quarterly Metrics And Ratios for Adlai Nortye

Financials Breakdown Chart

Adlai Nortye Financials - Frequently Asked Questions

When does Adlai Nortye's financial year end?

How has Adlai Nortye's net income changed over the last 4 years?

What is Adlai Nortye's operating income?

How has Adlai Nortye's revenue changed over the last 4 years?

How much debt does Adlai Nortye have?

How much cash does Adlai Nortye have?

How has Adlai Nortye's book value per share changed over the last 4 years?

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