Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Alector.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $100.56M | $97.06M | $133.62M | $207.09M | $21.10M | $21.22M | $27.68M | $3.73M | $416.00K |
| Cost of Revenue | $- | $192.12M | $8.47M | $189.41M | $156.87M | $100.53M | $73.03M | $29.91M | $13.67M |
| Gross Profit | $100.56M | $-95.05M | $125.14M | $17.68M | $-135.77M | $-79.31M | $-45.35M | $-26.18M | $-13.26M |
| Gross Profit Ratio | 100.00% | -97.93% | 93.66% | 8.54% | -643.53% | -373.76% | -163.87% | -700.83% | -3187.02% |
| Research and Development Expenses | $185.94M | $192.12M | $210.42M | $189.41M | $156.87M | $100.53M | $73.03M | $29.91M | $13.67M |
| General and Administrative Expenses | $59.62M | $56.69M | $61.03M | $55.04M | $59.40M | $35.09M | $11.93M | $6.50M | $1.87M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $59.62M | $56.69M | $61.03M | $55.04M | $59.40M | $35.09M | $11.93M | $6.50M | $1.87M |
| Other Expenses | $- | $- | $7.78M | $1.03M | $4.95M | $9.02M | $5.04M | $199.00K | $22.00K |
| Operating Expenses | $245.56M | $248.80M | $271.45M | $244.44M | $216.27M | $135.62M | $84.97M | $36.41M | $15.55M |
| Cost and Expenses | $245.56M | $248.80M | $271.45M | $244.44M | $216.27M | $135.62M | $84.97M | $36.41M | $15.55M |
| Interest Income | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $- | $8.85M | $8.47M | $8.31M | $7.26M | $5.57M | $1.02M | $680.00K | $201.00K |
| EBITDA | $-145.00M | $-142.89M | $-129.36M | $-29.05M | $-187.91M | $-109.47M | $-56.27M | $-32.00M | $-14.93M |
| EBITDA Ratio | -144.19% | -147.22% | -96.82% | -14.03% | -890.65% | -515.91% | -203.31% | -856.73% | -3589.18% |
| Operating Income | $-145.00M | $-151.74M | $-137.83M | $-37.36M | $-195.17M | $-114.40M | $-57.29M | $-32.68M | $-15.13M |
| Operating Income Ratio | -144.19% | -156.33% | -103.16% | -18.04% | -925.08% | -539.16% | -206.99% | -874.94% | -3637.50% |
| Total Other Income Expenses Net | $26.08M | $26.56M | $7.78M | $1.03M | $4.95M | $9.02M | $5.04M | $199.00K | $22.00K |
| Income Before Tax | $-118.92M | $-125.18M | $-130.06M | $-36.33M | $-190.23M | $-105.39M | $-52.25M | $-32.48M | $-15.11M |
| Income Before Tax Ratio | -118.26% | -128.97% | -97.33% | -17.54% | -901.64% | -496.65% | -188.78% | -869.61% | -3632.21% |
| Income Tax Expense | $128.00K | $5.21M | $3.25M | $-8.31M | $-7.26M | $-5.57M | $5.04M | $- | $- |
| Net Income | $-119.05M | $-130.39M | $-133.31M | $-28.01M | $-182.96M | $-99.81M | $-52.25M | $-32.48M | $-15.11M |
| Net Income Ratio | -118.39% | -134.34% | -99.77% | -13.53% | -867.21% | -470.39% | -188.78% | -869.61% | -3632.21% |
| EPS | $-1.23 | $-1.56 | $-1.62 | $-0.35 | $-2.35 | $-1.62 | $-0.76 | $-0.63 | $-0.29 |
| EPS Diluted | $-1.23 | $-1.56 | $-1.62 | $-0.35 | $-2.35 | $-1.62 | $-0.76 | $-0.63 | $-0.29 |
| Weighted Average Shares Outstanding | 96.59M | 83.73M | 82.47M | 80.42M | 77.76M | 61.73M | 68.37M | 51.22M | 51.22M |
| Weighted Average Shares Outstanding Diluted | 96.59M | 83.73M | 82.47M | 80.42M | 77.76M | 61.73M | 68.37M | 51.22M | 51.22M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $33.02M | $74.56M | $154.32M | $329.15M | $49.97M | $89.64M | $65.47M | $32.45M | $50.84M |
| Short Term Investments | $380.38M | $474.31M | $558.53M | $406.10M | $363.34M | $263.43M | $224.94M | $- | $- |
| Cash and Short Term Investments | $413.40M | $548.86M | $712.85M | $735.25M | $413.31M | $353.07M | $290.41M | $32.45M | $50.84M |
| Net Receivables | $- | $- | $2.59M | $7.39M | $- | $- | $- | $200.24M | $218.00K |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $1 | $- |
| Other Current Assets | $11.42M | $16.95M | $11.00M | $7.07M | $16.41M | $8.73M | $5.54M | $285.00K | $135.00K |
| Total Current Assets | $424.82M | $565.81M | $726.43M | $749.71M | $421.51M | $357.44M | $293.18M | $232.97M | $51.19M |
| Property Plant Equipment Net | $37.10M | $47.06M | $53.33M | $57.90M | $62.65M | $62.33M | $10.94M | $2.83M | $2.54M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $1.47M | $1.47M | $1.47M | $1.47M | $1.47M | $- | $200.00K |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $6.39M | $8.96M | $6.41M | $5.57M | $2.62M | $676.00K | $2.77M | $252.00K | $184.00K |
| Total Non-Current Assets | $43.49M | $56.02M | $61.21M | $64.94M | $66.74M | $64.48M | $15.18M | $3.09M | $2.92M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $468.30M | $621.83M | $787.65M | $814.66M | $488.25M | $421.91M | $308.36M | $236.06M | $54.11M |
| Account Payables | $2.21M | $3.77M | $4.19M | $4.75M | $3.00M | $278.00K | $126.00K | $1.14M | $1.15M |
| Short Term Debt | $8.75M | $8.46M | $8.06M | $15.59M | $15.02M | $13.13M | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $23.66M | $82.97M | $48.23M | $90.80M | $23.89M | $30.16M | $34.91M | $18.98M | $- |
| Other Current Liabilities | $90.43M | $82.74M | $33.33M | $28.41M | $26.17M | $18.40M | $12.92M | $7.29M | $358.00K |
| Total Current Liabilities | $125.06M | $177.95M | $45.58M | $48.22M | $44.20M | $31.80M | $13.04M | $27.40M | $1.51M |
| Long Term Debt | $33.77M | $30.46M | $35.27M | $39.81M | $43.74M | $41.47M | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $210.84M | $491.60M | $425.22M | $132.30M | $153.40M | $174.62M | $183.15M | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $534.00K | $- | $-194.87M | $- | $- | $- |
| Other Non-Current Liabilities | $182.68M | $68.42M | $759.00K | $158.00K | $472.00K | $493.00K | $7.57M | $77.54M | $77.51M |
| Total Non-Current Liabilities | $216.44M | $309.72M | $527.63M | $465.72M | $176.52M | $195.37M | $392.71M | $260.69M | $77.51M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $341.50M | $487.67M | $573.21M | $513.93M | $220.72M | $227.17M | $405.76M | $288.09M | $79.02M |
| Preferred Stock | $- | $- | $- | $- | $- | $421.91M | $210.52M | $77.48M | $77.48M |
| Common Stock | $9.00K | $8.00K | $8.00K | $8.00K | $8.00K | $7.00K | $1.00K | $1.00K | $- |
| Retained Earnings | $-829.13M | $-710.08M | $-579.69M | $-446.38M | $-410.05M | $-219.82M | $-114.44M | $-62.19M | $-29.71M |
| Accumulated Other Comprehensive Income Loss | $261.00K | $184.00K | $-4.58M | $-943.00K | $614.00K | $142.00K | $-42.00K | $-980.00K | $-300.00K |
| Other Total Stockholders Equity | $955.66M | $844.04M | $798.70M | $748.04M | $676.96M | $414.41M | $210.52M | $11.13M | $5.10M |
| Total Stockholders Equity | $126.80M | $134.16M | $214.44M | $300.72M | $267.53M | $194.74M | $-97.40M | $-52.03M | $-24.91M |
| Total Equity | $126.80M | $134.16M | $214.44M | $300.72M | $267.53M | $194.74M | $-97.40M | $-52.03M | $-24.91M |
| Total Liabilities and Stockholders Equity | $468.30M | $621.83M | $787.65M | $814.66M | $488.25M | $421.91M | $308.36M | $236.06M | $54.11M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $468.30M | $621.83M | $787.65M | $814.66M | $488.25M | $421.91M | $308.36M | $236.06M | $54.11M |
| Total Investments | $380.38M | $474.31M | $558.53M | $406.10M | $363.34M | $263.43M | $224.94M | $- | $200.00K |
| Total Debt | $42.52M | $38.92M | $43.33M | $47.60M | $51.26M | $48.04M | $- | $- | $- |
| Net Debt | $9.50M | $-35.64M | $-111.00M | $-281.55M | $1.29M | $-41.60M | $-65.47M | $-32.45M | $-50.84M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-119.05M | $-130.39M | $-133.31M | $-36.33M | $-190.23M | $-105.39M | $-52.25M | $-32.48M | $-15.11M |
| Depreciation and Amortization | $-8.97M | $8.85M | $8.47M | $8.31M | $7.26M | $5.57M | $1.02M | $680.00K | $201.00K |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $39.46M | $42.80M | $46.15M | $40.78M | $30.52M | $16.28M | $6.92M | $5.35M | $1.96M |
| Change in Working Capital | $-146.99M | $-90.15M | $59.53M | $283.68M | $-15.22M | $-12.27M | $174.36M | $8.68M | $-47.00K |
| Accounts Receivables | $- | $2.59M | $4.80M | $-7.39M | $- | $- | $238.00K | $-20.00K | $-218.00K |
| Inventory | $- | $- | $-4.80M | $7.39M | $- | $- | $2.45M | $6.58M | $-560.00K |
| Accounts Payables | $-1.44M | $-377.00K | $-572.00K | $1.92M | $2.41M | $152.00K | $-809.00K | $-41.00K | $708.00K |
| Other Working Capital | $-145.54M | $-92.36M | $60.10M | $281.76M | $-17.63M | $-12.43M | $172.49M | $2.16M | $23.00K |
| Other Non Cash Items | $5.64M | $-15.27M | $-1.16M | $2.10M | $929.00K | $-3.50M | $-2.59M | $6.77M | $1.88M |
| Net Cash Provided by Operating Activities | $-229.91M | $-184.16M | $-20.33M | $298.55M | $-166.73M | $-99.31M | $127.46M | $-17.77M | $-12.99M |
| Investments in Property Plant and Equipment | $-1.25M | $-2.38M | $-4.12M | $-3.25M | $-5.03M | $-15.27M | $-1.88M | $-801.00K | $-2.25M |
| Acquisitions Net | $- | $- | $159.01M | $49.66M | $100.02M | $33.61M | $- | $- | $- |
| Purchases of Investments | $-467.74M | $-551.73M | $-556.90M | $-343.40M | $-506.81M | $-529.61M | $-472.24M | $- | $- |
| Sales Maturities of Investments | $576.13M | $656.03M | $402.00M | $296.99M | $406.79M | $496.00M | $250.00M | $- | $- |
| Other Investing Activities | $- | $- | $-159.01M | $-49.66M | $-100.02M | $-33.61M | $-222.24M | $- | $- |
| Net Cash Used for Investing Activities | $107.13M | $101.92M | $-159.01M | $-49.66M | $-105.05M | $-48.87M | $-224.12M | $-801.00K | $-2.25M |
| Debt Repayment | $9.39M | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $71.11M | $2.55M | $4.51M | $30.30M | $224.60M | $170.13M | $- | $-15.00K | $-77.00K |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $-1.90M | $-15.00K | $-77.00K |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $1.04M | $2.55M | $4.51M | $30.30M | $7.51M | $2.32M | $264.20M | $-30.00K | $-154.00K |
| Net Cash Used Provided by Financing Activities | $81.54M | $2.55M | $4.51M | $30.30M | $232.11M | $172.35M | $131.15M | $-15.00K | $-77.00K |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-41.23M | $-79.69M | $-174.83M | $279.18M | $-39.67M | $24.17M | $34.49M | $-18.59M | $-15.32M |
| Cash at End of Period | $34.87M | $76.10M | $155.79M | $330.62M | $51.44M | $91.11M | $66.94M | $32.45M | $51.04M |
| Cash at Beginning of Period | $76.10M | $155.79M | $330.62M | $51.44M | $91.11M | $66.94M | $32.45M | $51.04M | $66.36M |
| Operating Cash Flow | $-229.91M | $-184.16M | $-20.33M | $298.55M | $-166.73M | $-99.31M | $127.46M | $-17.77M | $-12.99M |
| Capital Expenditure | $-1.25M | $-2.38M | $-4.12M | $-3.25M | $-5.03M | $-15.27M | $-1.88M | $-801.00K | $-2.25M |
| Free Cash Flow | $-231.16M | $-186.54M | $-24.45M | $295.30M | $-171.77M | $-114.57M | $125.58M | $-18.57M | $-15.24M |