Filing Flows › Alector (ALEC) › Q1 2026
Alector (ALEC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Alector (ALEC) reported revenue of $1.0M for the first quarter 2026 (Q1 2026), -72% from a year earlier and -83% from the quarter before.
Alector, Q1 2026: revenue $1.0M (-72% year over year), net loss $22.9M, operating cash flow −$49.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0M | -83% | -72% |
| Operating profit | −$24.9M | — | — |
| Net earnings | −$22.9M | — | — |
| Operating cash flow | −$49.8M | — | — |
What changed
Revenue was $1.0M in Q1 2026, down 72% year over year and down 83% from the previous quarter.
Operating costs exceeded revenue by $24.9M, an operating margin of -2382.3%. Total costs fell 46% while revenue fell 72%. The quarter ended with a net loss of $22.9M, narrower than the previous quarter's $37.3M loss.
Operating cash flow was −$49.8M. Non-cash charges added back $1.1M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $30.9M. Capital expenditures of $118K exceeded it, leaving free cash flow of −$49.9M.
Questions
What was Alector's revenue in the first quarter 2026?
Alector (ALEC) reported revenue of $1.0M for the first quarter 2026 (Q1 2026), -72% from a year earlier and -83% from the quarter before.
Source: Alector 10-Q on SEC EDGAR.