Alector, Inc.
Alector, Inc.
Alector, Inc. (ALEC) — SEC Financial Statements & Analysis
Alector, Inc. (ALEC) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 77 | 66 | 77 | 45 | 38 | 33 | 37 | 48 | 73 | 75 | 102 | 132 | |||||
Marketable Securities Current | 130 | 190 | 215 | 263 | 317 | 380 | 420 | 456 | 490 | 474 | 487 | 499 | |||||
Prepaid Expense And Other Assets Current | 9 | 10 | 9 | 12 | 12 | 11 | 12 | 16 | 19 | 17 | 14 | 10 | |||||
Assets Current | 215 | 266 | 300 | 319 | 367 | 425 | 469 | 520 | 581 | 566 | 613 | 648 | |||||
Property Plant And Equipment Net | 10 | 11 | 13 | 14 | 16 | 17 | 18 | 20 | 21 | 22 | 23 | 24 | |||||
Operating Lease Right Of Use Asset | 13 | 14 | 16 | 17 | 19 | 20 | 21 | 23 | 24 | 25 | 26 | 26 | |||||
Restricted Cash Noncurrent | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Other Assets Noncurrent | 0 | 0 | 4 | 4 | 5 | 5 | 6 | 6 | 7 | 7 | 9 | 9 | |||||
Assets | 240 | 293 | 335 | 356 | 408 | 468 | 516 | 571 | 635 | 622 | 672 | 709 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 1 | 2 | 5 | 2 | 2 | 2 | 5 | 4 | 5 | 4 | 5 | 5 | |||||
Accrued Liabilities Current | 11 | 19 | 18 | 14 | 17 | 29 | 26 | 23 | 19 | 30 | 30 | 23 | |||||
Contract With Customer Liability Current | 7 | 7 | 12 | 13 | 22 | 24 | 55 | 64 | 73 | 83 | 81 | 69 | |||||
Contract With Customer Refund Liability Current | 0 | 11 | 22 | 34 | 45 | 49 | 38 | 39 | 38 | 39 | 24 | 21 | |||||
Operating Lease Liability Current | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | |||||
Short Term Borrowings | 1 | 0 | - | - | - | 0 | - | - | - | - | - | - | |||||
Liabilities Current | 41 | 70 | 80 | 84 | 110 | 125 | 143 | 148 | 165 | 178 | 155 | 132 | |||||
Contract With Customer Liability Noncurrent | 163 | 165 | 167 | 169 | 170 | 172 | 193 | 200 | 205 | 211 | 230 | 245 | |||||
Long Term Debt Noncurrent | 8 | 9 | 10 | 10 | 9 | 9 | - | - | - | 0 | - | - | |||||
Contract With Customer Refund Liability Noncurrent | - | 0 | 0 | 0 | 0 | 9 | 35 | 44 | 57 | 67 | 92 | 101 | |||||
Operating Lease Liability Noncurrent | 16 | 17 | 19 | 21 | 23 | 24 | 26 | 28 | 29 | 30 | 32 | 33 | |||||
Other Liabilities Noncurrent | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Liabilities | 230 | 263 | 278 | 285 | 314 | 342 | 397 | 420 | 457 | 488 | 510 | 512 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 1,005 | 1,003 | 992 | 971 | 964 | 956 | 945 | 936 | 925 | 844 | 832 | 822 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 | -0 | 0 | -1 | -1 | |||||
Retained Earnings Accumulated Deficit | -995 | -972 | -935 | -900 | -870 | -829 | -827 | -785 | -746 | -710 | -669 | -624 | |||||
Stockholders Equity | 10 | 31 | 58 | 71 | 95 | 127 | 119 | 151 | 179 | 134 | 163 | 196 | |||||
Liabilities And Stockholders Equity | 240 | 293 | 335 | 356 | 408 | 468 | 516 | 571 | 635 | 622 | 672 | 709 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | |||||
Common Stock Shares Issued | 111 | 110 | 107 | 101 | 100 | 99 | 98 | 97 | 96 | 85 | 84 | 84 | |||||
Shares Outstanding | 111 | 110 | 107 | 101 | 100 | 99 | 98 | 97 | 96 | 85 | 84 | 84 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -11.48% | -23.77% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 27.88% | 42.31% | 69.23% | 60.96% | 112.33% | 2.74% | 2.31% | 11.54% | 49.23% | -14.23% | 7.53% | -9.62% |
| 2024 | -5.20% | -12.52% | 25.05% | 7.54% | 0.20% | -3.05% | -50.57% | -66.03% | -65.84% | -21.51% | -46.51% | -29.07% |
| 2023 | - | - | - | -10.94% | 3.85% | -20.15% | -3.30% | 38.78% | 5.04% | -14.69% | -27.39% | -22.40% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 5.25 | 3.83 | 3.76 | 3.78 | 3.34 | 3.40 | 3.29 | 3.52 | 3.53 | 3.18 | 3.95 | 4.90 | |||||
| Quick Ratio | 5.04 | 3.68 | 3.64 | 3.64 | 3.23 | 3.31 | 3.21 | 3.41 | 3.41 | 3.08 | 3.86 | 4.82 | |||||
| Working Capital | 174.12M | 196.95M | 220.42M | 234.82M | 256.88M | 299.76M | 326.84M | 372.02M | 416.47M | 387.86M | 457.75M | 515.72M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 22.11 | 8.57 | 4.81 | 4.01 | 3.32 | 2.69 | 3.34 | 2.79 | 2.55 | 3.64 | 3.14 | 2.61 | |||||
| Debt Ratio | 0.96 | 0.90 | 0.83 | 0.80 | 0.77 | 0.73 | 0.77 | 0.74 | 0.72 | 0.78 | 0.76 | 0.72 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.06 | 0.06 | 0.16 | 0.18 | 0.17 | 0.18 | 0.10 | 0.09 | 0.14 | 0.14 | 0.13 | 0.13 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -1.13 | -1.39 | -1.05 | -1.15 | -1.24 | -1.23 | -1.62 | -1.66 | -1.29 | -1.56 | -1.68 | -1.71 | |||||
| Free Cash Flow Per Share TTM | -1.57 | -1.79 | -1.93 | -2.15 | -2.31 | -2.39 | -2.28 | -2.25 | -2.12 | -2.23 | -2.27 | -2.33 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Operating Profit Margin TTM | -739.70% | -741.30% | -179.14% | -165.80% | -165.25% | -144.19% | -301.10% | -338.94% | -150.75% | -156.33% | -165.84% | -153.73% | |||||
| Net Profit Margin TTM | -680.83% | -679.16% | -156.03% | -142.10% | -139.74% | -118.39% | -257.54% | -290.66% | -125.11% | -134.34% | -146.80% | -140.18% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -79.15% | -79.07% | 12.26% | 46.78% | -8.37% | 3.60% | -36.14% | -45.84% | -23.30% | -27.36% | -27.68% | -66.06% | |||||
| Net Income Growth (1Y) | 1.58% | 20.06% | -31.99% | -28.24% | 2.34% | -8.70% | 12.04% | 12.31% | -10.36% | -2.19% | 3.59% | -494.59% | |||||
| EPS Growth (1Y) | -8.70% | 12.59% | -35.35% | -30.89% | -3.41% | -20.85% | -3.57% | -3.00% | -20.59% | -3.67% | 1.95% | -489.38% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -1.90 | -1.12 | -2.82 | -1.22 | -0.99 | -1.53 | -2.87 | -2.73 | -4.68 | -5.12 | -3.85 | -3.51 | |||||
| P/B | 22.90 | 5.24 | 5.26 | 1.97 | 1.29 | 1.44 | 3.82 | 2.92 | 3.16 | 4.98 | 3.35 | 2.56 | |||||
| P/S TTM | 12.91 | 7.63 | 4.40 | 1.73 | 1.38 | 1.82 | 7.39 | 7.94 | 5.86 | 6.88 | 5.65 | 4.92 | |||||
| Market Cap | 237.77M | 160.68M | 303.69M | 140.52M | 122.26M | 182.55M | 454.44M | 438.90M | 564.74M | 668.20M | 543.85M | 501.82M | |||||
| Enterprise Value | 168.73M | 102.72M | 234.95M | 103.44M | 91.90M | 157.07M | 415.74M | 389.81M | 490.64M | 592.09M | 440.34M | 368.73M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -173.20M | -184.07M | -197.58M | -216.01M | -230.08M | -231.16M | -222.26M | -217.95M | -199.04M | -186.73M | -190.12M | -194.45M | |||||
| Net Debt | -69.04M | -57.96M | -68.74M | -37.08M | -30.36M | -25.48M | -38.71M | -49.09M | -74.10M | -76.10M | -103.51M | -133.09M | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
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| Days Payables Outstanding TTM | |||||||||||||||||
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| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
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| Dividends Paid Growth (5Y) | |||||||||||||||||
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| EPS Growth (5Y) | |||||||||||||||||
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| Net Revenue Growth (3Y) | |||||||||||||||||
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| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
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| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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