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ALVO — Alvotech

ALVO (Alvotech) stock: $4.86, $1.90B market cap, $172.4M cash, $3.02B EV, $1.66B fully diluted market cap. Next expected readout: Jul-27. Lead program: AVT29 (proposed aflibercept HD biosimilar) (Diabetic Macular Edema), Phase 3. Data from Fully Diluted's biotech stocks database.

What they do

Our mission is to improve the health and quality of life of patients around the world by broadening the availability and accessibility of proven treatments for various diseases.

Source: 20-F FY2025 via SEC EDGAR

Share price
$4.86
Market cap
$1,897.5M
Cash
$172.4M
Enterprise value
$3,024.2M

Balance sheet

Cash$172.4M
Debt$1,299.1M
Net cash-$1,126.7M
Enterprise value$3,024.2M
Basic shares312.0M shares
Fully diluted shares342.0M shares
Fully diluted market cap$1,661.9M
Cash per share$0.55
Quarterly burn$59.2M
Cash runway2.9 quarters

Cash figures as of 2025-12-31. Database snapshot: 2026-11-07.

Share structure

Common
312.0M
Pre-funded warrants
0.0M
Options
0.0M
RSUs
1.8M
Warrants
9.9M
Converts
18.2M
Conv preferred
0.0M
ESPP reserve
0.0M
FDSO
342.0M

Cap table as of 2025-12-31.

Price history

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Next catalyst

AVT05 · Est. Nov 15, 2026 · quarter midpoint · guided Now

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