Alvotech (ALVO) Financial Statements & Analysis

Alvotech (ALVO) Income Statement

Alvotech reported revenue of $586.32M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 19.7% from $489.68M a year earlier. Net income was $27.92M, a net margin of 4.8%. Gross margin was 59.8% and operating margin 13.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $105.91M, down 38.9% from the same quarter a year earlier.

Alvotech Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Alvotech income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	586.32	489.68	91.43	83.03	39.68	69.45
Cost of Revenue	235.56	185.31	160.86	64.10	0.00	0.00
Gross Profit	350.76	304.37	-69.42	18.93	36.77	69.45
Operating Expenses
Research & Development	184.19	171.31	210.83	180.62	191.01	145.93
Selling, General & Administrative	84.92	61.45	73.04	183.39	67.64	58.91
Operating Expenses	272.56	234.73	285.44	365.38	272.23	204.84
Operating Income	78.21	69.64	-354.86	-346.44	-235.46	-135.40
Other Income/Expense
Interest Income	2.77	4.62	4.82	0.91	0.02	0.22
Interest Expense	136.87	153.99	133.17	77.47	-114.56	-100.73
Other Income/Expense	201.45	-134.22	-166.19	-114.68	86.26	-55.43
Income
Income Before Tax	136.35	-217.56	-651.05	-551.65	-149.20	-291.77
Income Tax Expense	108.43	14.30	-99.32	-38.07	-47.69	-121.73
Net Income	27.92	-231.86	-551.73	-513.58	-101.50	-170.04
Net Income - Continuous Operations	27.92	-231.86	-551.73	-513.58	-101.50	-170.04
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	311.07	-32.28	-493.67	-453.76	-209.46	-126.16
EBIT	273.22	-63.58	-517.88	-474.17	-218.96	-135.40
Depreciation & Amortization	6.03	4.26	3.52	3.35	9.50	9.23
Earnings Per Share
Basic EPS	-	-1.00	-2.00	-3.00	-1.00	-2.00
Diluted EPS	-	-1.00	-2.00	-3.00	-1.00	-2.00
Basic Shares Outstanding	279.19	266.51	227.26	197.72	110.67	93.65
Diluted Shares Outstanding	279.19	266.51	267.92	197.72	110.67	93.65

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Alvotech Financial Statements

What was Alvotech's revenue in fiscal 2025?

Alvotech reported revenue of $586.32M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 19.7% from $489.68M a year earlier.

Is Alvotech profitable?

Yes. Alvotech earned net income of $27.92M in fiscal 2025, a net margin of 4.8%. In fiscal 2024 it lost $231.86M.

What is Alvotech's operating margin?

Alvotech's operating income was $78.21M on revenue of $586.32M in fiscal 2025, an operating margin of 13.3%, compared with 14.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition