Alvotech (ALVO) Free Cash Flow (2021 - 2026)

Alvotech (ALVO) posted Free Cash Flow of -$53.3 million for Q1 2026, down 163.0% on a QoQ basis from $84.6 million in Q4 2025, and down 249.11% year-over-year from $35.7 million in Q1 2025.

Alvotech (ALVO) Free Cash Flow (2021 - 2026) Analysis & Trends

Alvotech's Free Cash Flow history runs 6 years deep, the most recent figure standing at -$53.3 million for Q1 2026.

  • Quarterly Free Cash Flow fell 249.11% year-over-year to -$53.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$146.3 million (up 41.38% YoY) and the FY2025 annual result came in at -$57.3 million, up 80.27% from the prior year.
  • Free Cash Flow was -$53.3 million for Q1 2026 at Alvotech, down from $84.6 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $84.6 million in Q4 2025 and bottomed at -$279.0 million in Q4 2023.
  • A 5-year average of -$84.5 million and a median of -$57.8 million in 2024 frame the typical range for Free Cash Flow.
  • Peak annual rise in Free Cash Flow reached 256.23% in 2025, while the deepest fall reached 327.19% in 2025.
  • Alvotech's Free Cash Flow stood at -$274.5 million in 2022, then retreated by 1.62% to -$279.0 million in 2023, then surged by 34.33% to -$183.2 million in 2024, then surged by 146.18% to $84.6 million in 2025, then tumbled by 163.0% to -$53.3 million in 2026.
  • Business Quant data shows ALVO's Free Cash Flow at -$53.3 million in Q1 2026, $84.6 million in Q4 2025, and -$247.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Haleon 87.22 Bn 85.35 Bn - -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn -208.00 Mn
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn 291.00 Mn
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn -373.37 Mn
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn 363.70 Mn
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn - -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn 348.40 Mn
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn 144.40 Mn
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn -38.00 Mn
10 Alvotech 935.87 Mn 935.87 Mn 5.09 Mn -53.29 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -53.29 Mn
Mar 31, 2026 -53.29 Mn
Dec 31, 2025 84.59 Mn
Dec 31, 2025 84.59 Mn
Sep 30, 2025 -247.01 Mn
Sep 30, 2025 -247.01 Mn
Jun 30, 2025 69.36 Mn
Jun 30, 2025 69.36 Mn
Mar 31, 2025 35.74 Mn
Mar 31, 2025 35.74 Mn
Dec 31, 2024 -183.18 Mn
Dec 31, 2024 -183.18 Mn
Sep 30, 2024 -57.82 Mn
Sep 30, 2024 -57.82 Mn
Jun 30, 2024 -44.40 Mn
Jun 30, 2024 -44.40 Mn
Mar 31, 2024 -71.33 Mn
Mar 31, 2024 -71.33 Mn
Dec 31, 2023 -278.95 Mn
Dec 31, 2023 -278.95 Mn