Alvotech (ALVO) Change in Inventory (2021 - 2026)

Alvotech (ALVO) posted Change in Inventory of -$11.0 million for Q1 2026, down 158.81% on a QoQ basis from -$4.3 million in Q4 2025, and up 25.9% year-over-year from -$8.8 million in Q1 2025.

Alvotech (ALVO) Change in Inventory (2021 - 2026) Analysis & Trends

Alvotech's Change in Inventory history runs 6 years deep, the most recent figure standing at -$11.0 million for Q1 2026.

  • Quarterly Change in Inventory rose 25.9% year-over-year to -$11.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$86.3 million (up 13.26% YoY) and the FY2025 annual result came in at -$90.1 million, down 80.36% from the prior year.
  • Change in Inventory was -$11.0 million for Q1 2026 at Alvotech, down from -$4.3 million in the prior quarter.
  • Across five years, Change in Inventory topped out at -$2.8 million in Q2 2024 and bottomed at -$53.0 million in Q3 2025.
  • A 5-year average of -$17.7 million and a median of -$11.3 million in 2023 frame the typical range for Change in Inventory.
  • Peak annual rise in Change in Inventory reached 91.48% in 2025, while the deepest fall reached 546.1% in 2025.
  • Alvotech's Change in Inventory stood at -$32.4 million in 2022, then surged by 65.12% to -$11.3 million in 2023, then plunged by 342.08% to -$50.0 million in 2024, then soared by 91.48% to -$4.3 million in 2025, then tumbled by 158.81% to -$11.0 million in 2026.
  • Business Quant data shows ALVO's Change in Inventory at -$11.0 million in Q1 2026, -$4.3 million in Q4 2025, and -$53.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Haleon 89.28 Bn 87.42 Bn - -
2 Teva Pharmaceutical Industries 35.97 Bn 32.23 Bn 1.97 Bn -93.00 Mn
3 Zoetis 32.42 Bn 30.48 Bn 1.62 Bn 114.00 Mn
4 Takeda Pharmaceutical 27.48 Bn 23.42 Bn 4.39 Bn 119.24 Mn
5 United Therapeutics 22.89 Bn 20.73 Bn 648.10 Mn 40.10 Mn
6 RedHill Biopharma 22.11 Bn 22.11 Bn - -
7 Viatris 20.44 Bn 18.64 Bn 1.16 Bn 123.00 Mn
8 Neurocrine Biosciences 17.76 Bn 16.44 Bn 800.70 Mn -4.30 Mn
9 Elanco Animal Health 12.62 Bn 12.19 Bn 785.00 Mn -
10 Alvotech 907.91 Mn 907.91 Mn 5.09 Mn -11.02 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -11.02 Mn
Mar 31, 2026 -11.02 Mn
Dec 31, 2025 -4.26 Mn
Dec 31, 2025 -4.26 Mn
Sep 30, 2025 -53.03 Mn
Sep 30, 2025 -53.03 Mn
Jun 30, 2025 -17.97 Mn
Jun 30, 2025 -17.97 Mn
Mar 31, 2025 -14.87 Mn
Mar 31, 2025 -14.87 Mn
Dec 31, 2024 -49.97 Mn
Dec 31, 2024 -49.97 Mn
Sep 30, 2024 -31.85 Mn
Sep 30, 2024 -31.85 Mn
Jun 30, 2024 -2.78 Mn
Jun 30, 2024 -2.78 Mn
Mar 31, 2024 -12.42 Mn
Mar 31, 2024 -12.42 Mn
Dec 31, 2023 -11.30 Mn
Dec 31, 2023 -11.30 Mn