Alvotech (ALVO) Operating Expenses (2021 - 2025)

Alvotech has reported Operating Expenses for 5 years, with the latest figure at $490.9 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses rose 307.12% year-over-year to $490.9 million; the trailing twelve-month figure through Dec 2025 stood at $275.1 million (up 166.38% YoY), and the FY2025 full-year result was $275.1 million, up 16.08% from the prior year.
• Operating Expenses for Q4 2025 stood at $490.9 million, up from -$77.5 million in the prior quarter.
• The five-year high for Operating Expenses was $528.0 million in Q4 2021, with the low at -$367.4 million in Q4 2022.
• Historically, Operating Expenses has averaged -$59.8 million across 5 years, with a median of -$76.8 million in 2021.
• The largest YoY upside for Operating Expenses was 307.12% in 2025 against a maximum downside of 104672.32% in 2025.
• Alvotech's Operating Expenses stood at $528.0 million in 2021, then sank by 169.57% to -$367.4 million in 2022, then rose by 21.77% to -$287.4 million in 2023, then grew by 17.52% to -$237.0 million in 2024, then surged by 307.12% to $490.9 million in 2025.
• The last three Operating Expenses figures came in at $490.9 million (Q4 2025), -$77.5 million (Q3 2025), and -$69.8 million (Q2 2025), per Business Quant data.