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Financial statements

Aligos Therapeutics, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Aligos Therapeutics, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Revenue0006.193.612.19
Research and development4479.910485.17370.369.5
General and administrative1017.928.526.430.622.820.7
Operating expenses5497.813311110493.190.2
Operating income-54-97.8-128-97.6-88.1-89.2-88
Pre-tax income-52.2-108-128-95.9-86.9-131-23.9
Income tax0.090.160.140.110.80.330.31
Net income-52.3-109-128-96-87.7-131-24.2
EBITDA-52.6-95.1-125-95.3-86.6-88.1-87.1
EPS, basic-654.83-273.35-80.97-56.58-34.20-20.94-2.45
EPS, diluted-654.83-273.35-80.97-56.58-34.20-20.94-2.45
Shares, basic (weighted)0.080.41.581.72.566.269.88
Shares, diluted (weighted)0.080.41.581.72.566.269.88

Balance sheet

FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents69.622018781.31363718.3
Short-term investments48.123.13.9244.519.959.5
Other current assets2.035.9413.57.65.315.094.91
Total current assets12025020413414162.182.9
Property, plant and equipment8.528.016.184.823.262.361.87
Lease right-of-use assets7.576.98.797.76.564.963.09
Long-term investments1015.1
Other non-current assets0.190.380.870.630.630.630.72
Total assets14726523514715270.188.5
Accounts payable3.773.313.024.742.522.573.98
Accrued liabilities7.616.625.41616.815.613.5
Deferred revenue7.891.310.150
Total current liabilities13.830.33933.123.921.721.2
Lease liabilities11.710.411.39.27.674.81.53
Other non-current liabilities0.380.13
Total liabilities29.345.350.642.859.499.135
Paid-in capital1.42395487503578589695
Retained earnings-66.2-175-303-399-487-618-642
Other comprehensive income-0.12-0.190.450.40.550.450.47
Shareholders' equity-64.922018510492.1-2953.5
Total equity-64.922018510492.1-2953.5
Total liabilities and equity14726523514715270.188.5
Shares outstanding0.161.521.71.7133.866.18

Cash flow statement

FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Net income-52.3-109-128-96-87.7-131-24.2
Depreciation and amortization1.42.743.022.311.561.030.93
Stock-based compensation0.752.9813.514.712.78.455.04
Deferred income tax000000
Change in payables0.39-0.13-0.311.72-2.220.051.41
Cash from operations-46.8-74.3-116-79.4-79-80.7-82.5
Capital expenditures-2.79-2.06-0.89-0.94-0.02-0.13
Purchases of investments-60.4-32.1-2.7-104-0.01-108-165
Cash from investing6.7932.83.02-26.345-18.3-37.8
Stock issued0.490.260.02
Cash from financing85.519278.70.1688.30.36102
Net change in cash45.6151-34-10654.3-98.7-18.7
Free cash flow-49.6-76.3-117-80.3-79-80.9
Interest paid0.01
Income taxes paid00.32

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $5.51 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-2,112.0%Operating income / revenue.
EBITDA margin-2,083.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-1,945.0%Pre-tax income / revenue.
Net margin-2,031.0%Net income / revenue.
Operating cash flow margin-2,518.0%Cash from operations / revenue.
Return on equity (ROE)-238.2%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-114.5%Net income / average total assets.
Return on invested capital (ROIC)-4,152.0%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue2,363.0%Research and development expense / revenue.
Stock-based pay / revenue149.8%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue29.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-39.5%Revenue vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-19.8%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-24.6%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y26.3%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-15.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-19.7%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y57.8%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y79.9%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y90.2%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio2.19xCurrent assets / current liabilities.
Quick ratio2.05x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio1.07x(Cash + short-term investments) / current liabilities.
Liabilities / assets51.9%Total liabilities / total assets.
Working capital$33.8MCurrent assets - current liabilities.
Tangible book value$31.9MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.06xRevenue / average total assets.
Fixed asset turnover2.80xRevenue / average property, plant and equipment.
Receivables turnover0.13xRevenue / average receivables.
Days sales outstanding2,711 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$7.28Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.36Revenue / diluted weighted shares.
Operating cash flow per share-$9.03Cash from operations / diluted weighted shares.
Book value per share$5.11Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$5.11Tangible book value / shares outstanding.
Cash per share$4.87(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$34.4MShare price x shares outstanding.
Enterprise value$4.0MMarket cap + total debt - cash - short-term investments.
P/S9.20xMarket cap / revenue.
P/B1.08xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.08xMarket cap / tangible book value, when positive.
EV/Sales1.08xEnterprise value / revenue.
Earnings yield-220.8%Net income / market cap (the inverse of P/E).
What was Aligos Therapeutics, Inc.'s revenue in fiscal 2025?

Aligos Therapeutics, Inc. reported revenue of $2.2M for fiscal 2025, 39.5% lower than the year before.

Was Aligos Therapeutics, Inc. profitable in fiscal 2025?

No. It reported a net loss of $24.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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