Alvotech (ALVO)

Alvotech Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	586.32	489.68	91.43	83.03	36.77
Other Revenue	2.58	2.3	1.95	1.99	2.91
Revenue	588.9	491.98	93.38	85.02	39.68
Revenue Growth (YoY)	19.70%	426.84%	9.84%	114.23%	-42.86%
Cost of Revenue	235.56	185.31	160.86	64.1	-
Gross Profit	353.35	306.67	-67.47	20.92	39.68
Selling, General & Admin	90.95	64.89	-7.77	163.05	67.64
Research & Development	184.19	171.31	210.83	180.62	191.01
Operating Expenses	275.14	236.2	203.06	343.67	258.64
Operating Income	78.21	70.47	-270.53	-322.75	-218.96
Interest Expense	-149.19	-157.6	-134.82	-77.5	-114.56
Interest & Investment Income	198.49	4.62	4.82	0.91	0.02
Earnings From Equity Investments	-	-	-7.15	-2.59	-2.42
Currency Exchange Gain (Loss)	-16.84	8.16	-5.18	10.57	2.68
Other Non Operating Income (Expenses)	-	-70.04	-132.33	-86.77	48.75
EBT Excluding Unusual Items	110.67	-144.39	-545.2	-478.13	-284.49
Merger & Restructuring Charges	-	-0.83	-0.92	-39.7	-12.5
Gain (Loss) on Sale of Investments	-	-2.97	-21.52	-	-
Asset Writedown	-	-	-	-	-3.99
Other Unusual Items	25.68	-69.38	-83.41	-33.82	151.79
Pretax Income	136.35	-217.56	-651.05	-551.65	-149.2
Income Tax Expense	108.43	14.3	-99.32	-38.07	-47.69
Net Income	27.92	-231.86	-551.73	-513.58	-101.5
Net Income to Common	27.92	-231.86	-551.73	-513.58	-101.5
Shares Outstanding (Basic)	279	268	227	198	111
Shares Outstanding (Diluted)	279	268	227	198	111
Shares Change (YoY)	4.21%	17.89%	14.94%	78.65%	18.18%
EPS (Basic)	0.10	-0.87	-2.43	-2.60	-0.92
EPS (Diluted)	0.10	-0.87	-2.43	-2.60	-0.92
Free Cash Flow	-114.67	-290.5	-345.42	-350.27	-248.63
Free Cash Flow Per Share	-0.41	-1.08	-1.52	-1.77	-2.25
Gross Margin	60.00%	62.33%	-72.26%	24.61%	100.00%
Operating Margin	13.28%	14.32%	-289.70%	-379.63%	-551.76%
Profit Margin	4.74%	-47.13%	-590.83%	-604.09%	-255.78%
Free Cash Flow Margin	-19.47%	-59.05%	-369.90%	-412.00%	-626.53%
EBITDA	116.06	87.58	-255.86	-312.21	-209.46
EBITDA Margin	19.71%	17.80%	-273.99%	-	-
D&A For EBITDA	37.85	17.11	14.67	10.54	9.5
EBIT	78.21	70.47	-270.53	-322.75	-218.96
EBIT Margin	13.28%	14.32%	-289.70%	-	-
Effective Tax Rate	79.52%	-	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q