Filing Flows › Alector (ALEC) › Q1 2025
Alector (ALEC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Alector (ALEC) reported revenue of $3.7M for the first quarter 2025 (Q1 2025), -77% from a year earlier and -93% from the quarter before.
Alector, Q1 2025: revenue $3.7M (-77% year over year), net loss $40.5M, operating cash flow −$60.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7M | -93% | -77% |
| Operating profit | −$44.7M | — | — |
| Net earnings | −$40.5M | — | — |
| Operating cash flow | −$60.8M | — | — |
What changed
Revenue was $3.7M in Q1 2025, down 77% year over year and down 93% from the previous quarter.
Operating costs exceeded revenue by $44.7M, an operating margin of -1208.0%. Total costs fell 19% while revenue fell 77%. The quarter ended with a net loss of $40.5M, wider than the previous quarter's $2.1M loss.
Operating cash flow was −$60.8M. Non-cash charges added back $1.0M of depreciation and amortization and $8.4M of share-based compensation. Working capital and other items used $29.6M. Capital expenditures of $20K exceeded it, leaving free cash flow of −$60.8M.
Questions
What was Alector's revenue in the first quarter 2025?
Alector (ALEC) reported revenue of $3.7M for the first quarter 2025 (Q1 2025), -77% from a year earlier and -93% from the quarter before.
Source: Alector 10-Q on SEC EDGAR.