9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 0.1% per year over the past 5 years.
Operating margin has expanded, at -741.3% in the latest year.
Financial health
The company holds more cash ($66M) than total debt ($10M).
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$21M
-$143M
0.0%
-741.3%
-$184M
$10M
$66M
2024
$101M
-$119M
0.0%
-144.2%
-$231M
$10M
$33M
2023
$97M
-$130M
0.0%
-156.3%
-$187M
$0
$75M
2022
$134M
-$133M
0.0%
-103.2%
-$24M
—
$154M
2021
$207M
-$36M
0.0%
-18.0%
$295M
—
$329M
2020
$21M
-$190M
0.0%
-925.1%
-$172M
—
$50M
2019
$21M
-$105M
0.0%
-539.2%
-$115M
—
$90M
2018
$28M
-$52M
0.0%
-208.3%
$126M
—
$65M
2017
$3M
-$32M
0.0%
-1137.8%
-$19M
—
$32M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1M
-$23M
0.0%
-2382.3%
-$50M
$10M
$77M
Dec '25
$6M
-$37M
0.0%
-634.4%
-$42M
$10M
$66M
Sep '25
$3M
-$35M
0.0%
-1153.6%
-$33M
$10M
$77M
Jun '25
$8M
-$31M
0.0%
-433.6%
-$49M
$10M
$45M
Mar '25
$4M
-$40M
0.0%
-1216.5%
-$61M
$9M
$38M
Dec '24
$54M
-$2M
0.0%
-13.4%
-$55M
$10M
$33M
Sep '24
$15M
-$42M
0.0%
-315.7%
-$51M
—
$37M
Jun '24
$15M
-$39M
0.0%
-302.4%
-$63M
—
$48M
Mar '24
$16M
-$36M
0.0%
-275.0%
-$62M
—
$73M
Dec '23
$15M
-$41M
0.0%
-312.4%
-$46M
$0
$75M
Sep '23
$9M
-$44M
0.0%
-555.3%
-$46M
—
$102M
Jun '23
$56M
$1M
0.0%
-6.4%
-$44M
—
$132M
Mar '23
$17M
-$46M
0.0%
-302.8%
-$50M
—
$196M
Dec '22
$14M
-$52M
0.0%
-383.9%
-$50M
—
$154M
Sep '22
$15M
-$46M
0.0%
-321.5%
-$51M
—
$184M
Jun '22
$80M
$10M
0.0%
11.9%
-$58M
—
$172M
Mar '22
$24M
-$45M
0.0%
-180.3%
$134M
—
$455M
Dec '21
$14M
-$56M
0.0%
-398.2%
-$50M
—
$329M
Sep '21
$182M
$127M
0.0%
69.3%
$444M
—
$517M
Jun '21
$7M
-$55M
0.0%
-842.3%
-$45M
—
$126M
Valuation over time
How the market has priced ALEC against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 5.1× (Mar '23) to 9.7× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is ALEC growing its revenue and profit?
Over the past 5 years, Alector, Inc.'s revenue has declined 0.1% per year. These are computed facts, not advice.
How much debt does ALEC have?
As of FY2025, Alector, Inc. reported $10M of total debt against $66M of cash.
What is ALEC's profit margin?
In FY2025, gross margin was —, operating margin -741.3%, and net margin -679.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.