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NASDAQ · Health care

Alector, Inc. (ALEC)

Alector, Inc. brought in $173.4M of revenue over the twelve months to September 30, 2026, up 151.1% from a year earlier. Net income was $41.4M, a net margin of 23.9%. In fiscal 2025 capital spending exceeded operating cash flow by $184.1M. At September 30, 2026 it held $75.5M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.

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Price
$2.48
+8.08% on the day · November 9, 2026
52-week range $1.09 to $2.76
Market cap
$276.4M
Revenue (last 12 months)
$173.4M
+151.1% year on year
Net margin
23.9%

Key facts about Alector, Inc.

Net worth
Alector, Inc. has a market value (market cap) of $276.4M at the latest share price, and shareholders' equity of $116.6M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $21M (-79.1% year on year), with a net loss of $142.9M. Over the 12 months to September 30, 2026: revenue $173.4M, net income $41.4M.
Cash flow
In fiscal 2025 operations used $184M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Alector, Inc.'s next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Alector, Inc. does

Alector, Inc. is registered with the SEC under industry code SIC 2836 (Biological Products, (No Diagnostic Substances)). Its shares trade on NASDAQ under the ticker ALEC.

Revenue and profit by year

Revenue
FY19: $27.7M $27.7M FY19FY19: $21.2M $21.2M FY19FY20: $21.1M $21.1M FY20FY21: $207.1M $207.1M FY21FY22: $133.6M $133.6M FY22FY23: $97.1M $97.1M FY23FY24: $100.6M $100.6M FY24FY25: $21M $21M FY25
Net income
FY19: -$52.2M -$52.2M FY19FY19: -$105.4M -$105.4M FY19FY20: -$190.2M -$190.2M FY20FY21: -$36.3M -$36.3M FY21FY22: -$133.3M -$133.3M FY22FY23: -$130.4M -$130.4M FY23FY24: -$119M -$119M FY24FY25: -$142.9M -$142.9M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$21M-$156M-$142.9M-$1.39-$184.1M
2024$100.6M-$145M-$119M-$1.23-$231.2M
2023$97.1M-$151.7M-$130.4M-$1.56-$186.5M
2022$133.6M-$137.8M-$133.3M-$1.62-$24.4M
2021$207.1M-$37.4M-$36.3M-$0.45$295.3M
2020$21.1M-$195.2M-$190.2M-$2.45-$171.8M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around February 24, 2027.

Estimated from its filing rhythm: 52 weeks after its report of February 25, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where ALEC ranks in Health care

Revenue$21M
#468 of 751 in Health care · Bottom 38%
Revenue growth-79.1%
#530 of 532 in Health care · Bottom 1%
Net margin-679.2%
#528 of 544 in Health care · Bottom 3%
Free cash flow margin-874.7%
#484 of 490 in Health care · Bottom 1%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Alector, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 5, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 4,896% to $162.9M versus the same quarter last year; diluted EPS $1.11 versus -$0.34.
  2. November 5, 2026
  3. October 26, 2026
  4. October 23, 2026
  5. October 16, 2026
  6. October 14, 2026
  7. October 5, 2026
    Quarterly results8-KAlector entered into an exclusive global licensing agreement with Genentech for its AL050 program and will receive a $100 million upfront payment.
  8. September 18, 2026
  9. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue fell 58% to $3.3M versus the same quarter last year; diluted EPS -$0.21 versus -$0.30.
  10. August 6, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 15, 2026. Insider transactions on SEC

Insider trades

What the people running Alector, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $296.1K worth of shares in the last 90 days and bought none on the open market. 4% of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$296.1K
last 90 days
Net sold
111,303
$296.1K
DateInsiderWhatSharesPriceValueFiling
October 14, 2026 Wong-Sarad GracePrincipal Accounting Officer Received as pay 55,555 - - Form 4
October 14, 2026 Berkley Neil LindsayCFO & Chief Business Officer Received as pay 44,567 - - Form 4
October 14, 2026 Rosenthal ArnonChief Executive Officer, Director Received as pay 217,500 - - Form 4
September 4, 2026 Wong-Sarad GracePrincipal Accounting Officer Soldpre-planned (10b5-1) 3,625 $2.51 $9.1K Form 4
September 3, 2026 Berkley Neil LindsayCFO & Chief Business Officer Sold 29,251 $2.66 $77.9K Form 4
September 3, 2026 Rosenthal ArnonChief Executive Officer, Director Sold 72,606 $2.66 $193.5K Form 4
September 3, 2026 Wong-Sarad GracePrincipal Accounting Officer Sold 5,165 $2.67 $13.8K Form 4
September 2, 2026 Wong-Sarad GracePrincipal Accounting Officer Soldpre-planned (10b5-1) 656 $2.75 $1.8K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns ALEC

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Chen Yu13G, passive with 4 related filers 9.2% 10,000,000 November 14, 2025
Deep Track Capital, LP13G, passive with 2 related filers 8.61% 12,772,152 October 23, 2026
Bvf Partners L P13G, passive with 9 related filers 8.4% 9,374,267 September 18, 2026
Arnon Rosenthal13G, passive 7.4% 8,213,925 February 6, 2026

Latest filings below 5%: Terrance G. McGuire 4.7% (May 14, 2026); The Vanguard Group 0% (March 26, 2026); RTW Investments, LP 0% (February 17, 2026); Fmr LLC 3.6% (November 7, 2025); RA Capital Management, L.P. 0% (August 14, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 141 managers reported a position.

HolderSharesValueChange on quarter
TCG Crossover Management, LLC10,000,000$20.1M0
Nantahala Capital Management, LLC8,636,218$17.4M+5,820,235
BlackRock, Inc.7,847,879$15.8M+106,634
Vanguard Capital Management LLC4,009,340$8.1M+330,618
Kynam Capital Management, LP3,808,494$7.7M+1,808,494
Merck & Co., Inc.3,545,719$7.1M0
Balyasny Asset Management L.P.3,247,426$6.5M+312,173
683 Capital Management, LLC3,200,000$6.4M0
D. E. Shaw & Co., Inc.2,959,983$5.9M-372,852
ADAR1 Capital Management, LLC2,883,583$5.8M+1,833,583
Vanguard Portfolio Management LLC2,820,493$5.7M+236,951
Geode Capital Management, LLC2,454,271$4.9M+168,053
Spruce Street Capital LP2,101,068$4.2M0
Millennium Management LLC1,988,835$4M+9,609
Ikarian Capital, LLC1,982,606$4M-100,000
State Street Corp1,879,765$3.8M+14,239
Jacobs Levy Equity Management, Inc1,765,929$3.5M-388,432
Medici Capital LLC1,652,520$3.3M0
Affinity Asset Advisors, LLC1,510,000$3M+1,010,000
Eversept Partners, LP1,423,873$2.9M+72,767

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

11 insiders reported holding 5,379,714 shares in total, about $13.3M at the last price.

HolderSharesAs of
Rosenthal ArnonChief Executive Officer, Director 3,514,6001,002,500 held indirectly October 14, 2026
Kenkare-Mitra SaraPresident and Head of R&D 501,652 December 3, 2025
Berkley Neil LindsayCFO & Chief Business Officer 395,216 October 14, 2026
Wong-Sarad GracePrincipal Accounting Officer 161,570 October 14, 2026
Scheller Richard HDirector 134,899 June 17, 2026
Lavigne Louis J JrDirector 128,109 June 17, 2026
Yaffe KristineDirector 124,109 June 17, 2026
Garofalo Elizabeth A.Director 118,650 June 17, 2026
Hammond PaulaDirector 103,609 June 17, 2026
Desouza Errol BDirector 98,650 June 17, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about ALEC

What does Alector, Inc. do?

Alector, Inc. is a company in the Health care sector, listed on NASDAQ as ALEC. Its shares trade on NASDAQ under the ticker ALEC.

What is Alector, Inc.'s net worth?

Alector, Inc. has a market value (market cap) of $276.4M at the latest share price, and shareholders' equity of $116.6M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Alector, Inc. profitable?

Yes. Over the twelve months to September 30, 2026 it reported net income of $41.4M on revenue of $173.4M, a net margin of 23.9%.

How much revenue does Alector, Inc. make?

Over the twelve months to September 30, 2026 Alector, Inc. reported revenue of $173.4M. That is 151.1% more than a year earlier.

When did Alector, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.

When is Alector, Inc.'s next earnings report?

Alector, Inc.'s next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Alector, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.