Alvotech (ALVO)

Alvotech Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	570.95	489.68	91.43	83.03	36.77	66.62
Other Revenue	2.4	2.3	1.95	1.99	2.91	2.83
Revenue	573.35	491.98	93.38	85.02	39.68	69.45
Revenue Growth (YoY)	45.55%	426.84%	9.84%	114.23%	-42.86%	-16.00%
Cost of Revenue	254.61	185.31	160.86	64.1	-	-
Gross Profit	318.74	306.67	-67.47	20.92	39.68	69.45
Selling, General & Admin	85.72	64.89	-7.77	163.05	67.64	58.91
Research & Development	191.17	171.31	210.83	180.62	191.01	145.93
Operating Expenses	276.89	236.2	203.06	343.67	258.64	204.84
Operating Income	41.85	70.47	-270.53	-322.75	-218.96	-135.4
Interest Expense	-145.87	-157.6	-134.82	-77.5	-114.56	-100.73
Interest & Investment Income	4.23	4.62	4.82	0.91	0.02	0.22
Earnings From Equity Investments	-	-	-7.15	-2.59	-2.42	-1.51
Currency Exchange Gain (Loss)	-14.72	8.16	-5.18	10.57	2.68	3.22
Other Non Operating Income (Expenses)	139.46	-70.04	-132.33	-86.77	48.75	-55.43
EBT Excluding Unusual Items	24.95	-144.39	-545.2	-478.13	-284.49	-289.63
Merger & Restructuring Charges	-0.83	-0.83	-0.92	-39.7	-12.5	-
Gain (Loss) on Sale of Investments	-	-2.97	-21.52	-	-	-
Asset Writedown	-	-	-	-	-3.99	-2.14
Other Unusual Items	20.58	-69.38	-83.41	-33.82	151.79	-
Pretax Income	52.2	-217.56	-651.05	-551.65	-149.2	-291.77
Income Tax Expense	-17.3	14.3	-99.32	-38.07	-47.69	-121.73
Net Income	69.5	-231.86	-551.73	-513.58	-101.5	-170.04
Net Income to Common	69.5	-231.86	-551.73	-513.58	-101.5	-170.04
Shares Outstanding (Basic)	289	268	227	198	111	94
Shares Outstanding (Diluted)	289	268	227	198	111	94
Shares Change (YoY)	14.38%	17.89%	14.94%	78.65%	18.18%	1273.19%
EPS (Basic)	0.24	-0.87	-2.43	-2.60	-0.92	-1.82
EPS (Diluted)	0.24	-0.87	-2.43	-2.60	-0.92	-1.82
Free Cash Flow	-111.79	-290.5	-345.42	-350.27	-248.63	-81.78
Free Cash Flow Per Share	-0.39	-1.08	-1.52	-1.77	-2.25	-0.87
Gross Margin	55.59%	62.33%	-72.26%	24.61%	100.00%	100.00%
Operating Margin	7.30%	14.32%	-289.70%	-379.63%	-551.76%	-194.96%
Profit Margin	12.12%	-47.13%	-590.83%	-604.09%	-255.78%	-244.85%
Free Cash Flow Margin	-19.50%	-59.05%	-369.90%	-412.00%	-626.53%	-117.76%
EBITDA	63.25	87.58	-255.86	-312.21	-209.46	-126.16
EBITDA Margin	11.03%	17.80%	-273.99%	-	-	-181.66%
D&A For EBITDA	21.4	17.11	14.67	10.54	9.5	9.23
EBIT	41.85	70.47	-270.53	-322.75	-218.96	-135.4
EBIT Margin	7.30%	14.32%	-289.70%	-	-	-194.96%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q