Stocks · Health care · Pharmaceutical Preparations

Avalo Therapeutics, Inc.

AVTX Clue Score19
United States Fiscal year ends December CIK 0001534120
$13.65 +1.64% Close, 9 Oct 2026
Price $13.65 +534.88% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1.2Operating income−16.1Net income−16.5EPS, diluted−1.87Fiscal year 2017Revenue27.8 +2,312.3%Operating income13.9Net income11.9EPS, diluted0.42Fiscal year 2018Revenue7.0 −74.7%Operating income−35.4Net income−40.1 −437.4%EPS, diluted−1.20Fiscal year 2019Revenue6.8 −4.0%Operating income−16.1Net income−16.1Fiscal year 2020Revenue6.7 −0.8%Operating income−72.8Net income−63.5Fiscal year 2021Revenue5.4 −19.4%Operating income−82.1Net income−84.4Fiscal year 2022Revenue18.1 +234.4%Operating income−37.4Net income−41.7EPS, diluted−1,063.00Fiscal year 2023Revenue1.9 −89.3%Operating income−27.4Net income−31.5EPS, diluted−113.58Fiscal year 2024Revenue0.4 −77.1%Operating income−68.5Net income−35.1EPS, diluted−20.91Fiscal year 2025Revenue0.1 −86.6%Operating income−72.9Net income−78.3EPS, diluted−5.84
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.2 27.8 7.0 6.8 6.7 5.4 18.1 1.9 0.4 0.1
Growth +2,312.3% −74.7% −4.0% −0.8% −19.4% +234.4% −89.3% −77.1% −86.6%
Operating income −16.1 13.9 −35.4 −16.1 −72.8 −82.1 −37.4 −27.4 −68.5 −72.9
Net income −16.5 11.9 −40.1 −16.1 −63.5 −84.4 −41.7 −31.5 −35.1 −78.3
Growth −437.4%
EPS, diluted −1.87 0.42 −1.20 n/a n/a n/a −1,063.00 −113.58 −20.91 −5.84

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−1,394.6%Net margin−1,428.6%Free cash flow margin−1,267.0%Fiscal year 2017Operating margin49.9%Net margin42.7%Free cash flow margin45.1%Fiscal year 2018Operating margin−503.4%Net margin−569.9%Free cash flow margin−52.5%Fiscal year 2019Operating margin−239.1%Net margin−238.1%Free cash flow margin−287.3%Fiscal year 2020Operating margin−1,087.4%Net margin−947.9%Free cash flow margin−606.1%Fiscal year 2021Operating margin−1,521.6%Net margin−1,563.1%Free cash flow margin−1,315.4%Fiscal year 2022Operating margin−207.4%Net margin−230.8%Free cash flow margin−148.7%Fiscal year 2023Operating margin−1,421.6%Net margin−1,639.5%Fiscal year 2024Operating margin−15,535.6%Net margin−7,965.8%Fiscal year 2025Operating margin−123,601.7%Net margin−132,642.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −1,394.6% 49.9% −503.4% −239.1% −1,087.4% −1,521.6% −207.4% −1,421.6% −15,535.6% −123,601.7%
Net margin −1,428.6% 42.7% −569.9% −238.1% −947.9% −1,563.1% −230.8% −1,639.5% −7,965.8% −132,642.4%
Free cash flow margin −1,267.0% 45.1% −52.5% −287.3% −606.1% −1,315.4% −148.7% n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−14.6Capital expenditure−0.0Free cash flow−14.6Fiscal year 2017Operating cash flow12.6Capital expenditure−0.0Free cash flow12.6Fiscal year 2018Operating cash flow−3.1Capital expenditure−0.6Free cash flow−3.7 −129.4%Fiscal year 2019Operating cash flow−19.1Capital expenditure−0.3Free cash flow−19.4Fiscal year 2020Operating cash flow−40.5Capital expenditure−0.1Free cash flow−40.6Fiscal year 2021Operating cash flow−70.9Capital expenditure−0.1Free cash flow−71.0Fiscal year 2022Operating cash flow−26.8Capital expenditure−0.1Free cash flow−26.8Fiscal year 2023Operating cash flow−30.7Fiscal year 2024Operating cash flow−49.1Fiscal year 2025Operating cash flow−51.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −14.6 12.6 −3.1 −19.1 −40.5 −70.9 −26.8 −30.7 −49.1 −51.5
Capital expenditure −0.0 −0.0 −0.6 −0.3 −0.1 −0.1 −0.1 n/a n/a n/a
Free cash flow −14.6 12.6 −3.7 −19.4 −40.6 −71.0 −26.8 n/a n/a n/a
Growth −129.4%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash5.1Total debt2.4Net cash (debt)2.8Shareholders’ equity0.2Debt to equity11.37Fiscal year 2017Cash2.5Total debt0.0Net cash (debt)2.5Shareholders’ equity27.9Debt to equity0.00Fiscal year 2018Cash10.6Total debt15.4Net cash (debt)−4.7Shareholders’ equity20.9Debt to equity0.74Fiscal year 2019Cash3.6Shareholders’ equity21.0Fiscal year 2020Cash18.9Shareholders’ equity24.6Fiscal year 2021Cash54.6Shareholders’ equity23.1Fiscal year 2022Cash13.2Shareholders’ equity−10.9Fiscal year 2023Cash7.4Shareholders’ equity7.3Fiscal year 2024Cash134.5Shareholders’ equity133.0Fiscal year 2025Cash15.9Shareholders’ equity83.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 5.1 2.5 10.6 3.6 18.9 54.6 13.2 7.4 134.5 15.9
Total debt 2.4 0.0 15.4 n/a n/a n/a n/a n/a n/a n/a
Net cash (debt) 2.8 2.5 −4.7 n/a n/a n/a n/a n/a n/a n/a
Shareholders’ equity 0.2 27.9 20.9 21.0 24.6 23.1 −10.9 7.3 133.0 83.0
Debt to equity 11.37 0.00 0.74 n/a n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017† 31 Dec 2017 FY2018† 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022† 31 Dec 2022 FY2023† 31 Dec 2023 FY2024† 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
1.2 27.8 7.0 6.8 6.7 5.4 18.1 1.9 0.4 0.1
Growth +2,312.3% −74.7% −4.0% −0.8% −19.4% +234.4% −89.3% −77.1% −86.6%
n/a 0.6 3.3 −0.6 0.3 1.5 3.4 1.3 n/a n/a
10.1 4.4 5.8 n/a n/a n/a n/a n/a n/a n/a
7.1 7.9 10.5 10.1 17.4 24.7 20.7 10.3 17.2 22.9
−16.1 13.9 −35.4 −16.1 −72.8 −82.1 −37.4 −27.4 −68.5 −72.9
Growth −354.7%
n/a n/a n/a n/a n/a n/a −41.6 −31.5 −35.0 −78.1
0.0 2.0 −0.0 0.3 −2.8 −0.2 0.0 0.0 0.1 0.2
−16.5 11.9 −40.1 −16.1 −63.5 −84.4 −41.7 −31.5 −35.1 −78.3
Growth −437.4%
Per share
−1.87 0.42 −1.20 n/a n/a n/a −1,063.00 −113.58 −7.94 −5.84
−1.87 0.42 −1.20 n/a n/a n/a −1,063.00 −113.58 −20.91 −5.84
Growth −385.7%
8.8 18.4 34.8 n/a n/a n/a 0.0 0.3 4.4 13.4
8.8 18.8 34.8 n/a n/a n/a 0.0 0.3 7.5 13.4
Growth +112.4% +85.4% +608.5% +2,599.2% +78.8%

† The diluted share count jumps at 2017 and 2018 and 2022 and 2023 and 2024 and 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 61.2% a year over five years.
  • Operating margin is down 122,514.3 points on five years ago, at -123,601.7%.
  • A net loss in 9 of 10 years on file.