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Altimmune (ALT) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 6, 2025

Altimmune (ALT) reported revenue of $5K for the third quarter 2025 (Q3 2025), 0% from a year earlier and 0% from the quarter before.

Revenue$5K
Year over year0%
Quarter over quarter0%
Operating margin—
Net earnings−$19.0M

Altimmune, Q3 2025: revenue $5K (0% year over year), net loss $19.0M, operating cash flow −$11.9M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$5K0%0%
Operating profit−$20.9M——
Net earnings−$19.0M——
Operating cash flow−$11.9M——

What changed

Revenue was $5K in Q3 2025, roughly flat year over year and roughly flat from the previous quarter.

Operating costs exceeded revenue by $20.9M, an operating margin of -417180.0%. Total costs fell 16% while revenue was flat. The fastest-growing cost line was General & admin (+19%). The quarter ended with a net loss of $19.0M, narrower than the previous quarter's $22.1M loss.

Operating cash flow was −$11.9M. Non-cash charges added back $27K of depreciation and $3.6M of share-based compensation. Working capital and other items added $3.5M.

Questions

What was Altimmune's revenue in the third quarter 2025?

Altimmune (ALT) reported revenue of $5K for the third quarter 2025 (Q3 2025), 0% from a year earlier and 0% from the quarter before.

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Source: Altimmune 10-Q on SEC EDGAR.