Alvotech (ALVOW) EBITDA (2021 - 2025)

Alvotech (ALVOW) reported EBITDA of $22.0 million for Q4 2025, up 109.47% on a YoY basis from $10.5 million in Q4 2024, and up 107.14% quarter-over-quarter from -$308.7 million in Q3 2025.

Alvotech (ALVOW) EBITDA (2021 - 2025) Analysis & Trends

Alvotech has reported EBITDA for 5 years, with the latest figure at $22.0 million in Q4 2025.

  • For the quarter ending Q4 2025, EBITDA rose 109.47% year-over-year to $22.0 million; the trailing twelve-month figure through Dec 2025 stood at -$141.5 million (up 64.27% YoY), and the FY2025 full-year result was $78.2 million, up 12.3% from the prior year.
  • EBITDA for Q4 2025 stood at $22.0 million, up from -$308.7 million in the prior quarter.
  • The five-year high for EBITDA was $364.7 million in Q2 2025, with the low at -$551.8 million in Q4 2023.
  • Historically, EBITDA has averaged -$86.3 million across 5 years, with a median of -$79.5 million in 2021.
  • The largest YoY upside for EBITDA was 137.43% in 2025 against a maximum downside of 99900.0% in 2025.
  • Alvotech's EBITDA stood at $253.9 million in 2021, then plunged by 304.7% to -$519.7 million in 2022, then dropped by 6.18% to -$551.8 million in 2023, then jumped by 57.86% to -$232.6 million in 2024, then jumped by 109.47% to $22.0 million in 2025.
  • The last three EBITDA figures came in at $22.0 million (Q4 2025), -$308.7 million (Q3 2025), and $364.7 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 652.00 Mn
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 833.00 Mn
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 325.80 Mn
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn -681,231.97
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 185.20 Mn
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 307.00 Mn
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn -67.29 Mn
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn -98.81 Mn
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 81.33 Mn
10 Alvotech - - -22.39 Mn 22.03 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 22.03 Mn
Sep 30, 2025 -308.70 Mn
Jun 30, 2025 364.70 Mn
Mar 31, 2025 -219.55 Mn
Dec 31, 2024 -232.55 Mn
Sep 30, 2024 -316.93 Mn
Jun 30, 2024 153.60 Mn
Mar 31, 2024 -219,549.00
Dec 31, 2023 -551.82 Mn
Aug 31, 2023 -189.10 Mn
Jun 30, 2023 88.65 Mn
Mar 31, 2023 -275,532.00
Dec 31, 2022 -519.69 Mn
Aug 31, 2022 -203.58 Mn
Jun 30, 2022 265.78 Mn
Mar 31, 2022 -77.06 Mn
Dec 31, 2021 253.88 Mn
Sep 30, 2021 -81.99 Mn