Avalo Therapeutics, Inc. income statement
In fiscal 2025, Avalo Therapeutics, Inc. reported revenue of $59,000, down 86.6% on the year before, operating income of −$72.9m (a -123601.7% margin) and net income of −$78.3m, or −$5.84 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1 | 28 | 7 | 7 | 7 | 5 | 18 | 2 | 0 | 0 |
| Cost of revenue | — | — | 1 | 3 | −1 | 0 | 1 | 3 | 1 | — | — |
| Gross profit | — | — | 27 | 4 | 7 | 6 | 4 | 15 | 1 | — | — |
| Research and development | 7 | 10 | 4 | 6 | 12 | 32 | 60 | 31 | 14 | 24 | 50 |
| Selling, general and administrative | — | — | — | — | — | — | — | 21 | 10 | — | — |
| Selling and marketing | 0 | 0 | 1 | 1 | 1 | 2 | 3 | — | — | — | — |
| General and administrative | 4 | 7 | 8 | 11 | 10 | 17 | 25 | — | — | 17 | 23 |
| Operating income | −11 | −16 | 14 | −35 | −16 | −73 | −82 | −37 | −27 | −69 | −73 |
| Income before tax | — | — | — | — | — | — | — | −42 | −32 | −35 | −78 |
| Income tax | 0 | 0 | 2 | −0 | 0 | −3 | −0 | 0 | 0 | 0 | 0 |
| Net income | −10 | −16 | 12 | −40 | −16 | −64 | −84 | −42 | −32 | −35 | −78 |
| Diluted EPS | −$1130.40 | −$1.87 | $100.80 | −$1.20 | — | — | — | −$1063.00 | −$113.58 | −$20.91 | −$5.84 |
| Diluted shares (average) | 9m | — | — | — | — | — | — | — | 278m | 7m | 13m |
| EBITDA | −11 | −16 | 14 | −31 | −12 | −71 | −80 | −37 | −27 | −68 | −73 |
| Quarter | 2023 Q3Sept 2023 | 2023 Q4Dec 2023 | 2024 Q1Mar 2024 | 2024 Q2Jun 2024 | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 0 | −0 | −0 | 0 | −1 | — | — | — |
| Gross profit | −0 | 1 | 0 | −0 | 1 | — | — | — |
| Research and development | 1 | 2 | 2 | 5 | 10 | 8 | 14 | 13 |
| Selling, general and administrative | 2 | 3 | — | — | — | — | — | — |
| General and administrative | — | — | 3 | 5 | 4 | 5 | 6 | 7 |
| Operating income | −4 | −8 | −33 | −10 | −13 | −13 | −19 | −20 |
| Income before tax | −5 | −8 | −121 | 98 | 23 | −35 | −31 | −14 |
| Income tax | 0 | −0 | 0 | 0 | −0 | 0 | 0 | 0 |
| Net income | −5 | −8 | −121 | 98 | 23 | −35 | −31 | −14 |
| Diluted EPS | −$26.83 | $117.47 | −$141.14 | −$14.07 | −$2.83 | $1.72 | −$2.19 | −$0.37 |
| EBITDA | −4 | −8 | −33 | −10 | −13 | −13 | −19 | −20 |
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