Alto Neuroscience (ANRO) Free Cash Flow (2023 - 2026)

Alto Neuroscience's (ANRO) quarterly Free Cash Flow came in at -$28.0 million in Q1 2026, down 69.07% year-on-year from -$90.6 million in Q1 2025, and down 143.42% quarter-over-quarter from -$11.5 million in Q4 2025.

Alto Neuroscience (ANRO) Free Cash Flow (2023 - 2026) Analysis & Trends

Alto Neuroscience has disclosed Free Cash Flow across 4 years of filings, most recently posting -$28.0 million for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at -$28.0 million, down 69.07% year-over-year; the trailing twelve-month figure through Mar 2026 was -$63.2 million (down 15.26% YoY), and the FY2025 annual result was -$51.8 million, down 4.63% from the prior year.
  • Free Cash Flow came in at -$28.0 million for Q1 2026 at Alto Neuroscience, down from -$11.5 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of -$6.7 million in Q2 2023 to a low of -$28.0 million in Q1 2026.
  • The 4-year median for Free Cash Flow is -$12.0 million (2023), against an average of -$12.6 million.
  • Across the five-year window, Free Cash Flow slumped 79.91% in 2024 and grew 22.1% in 2025, its largest moves.
  • Alto Neuroscience's Free Cash Flow stood at -$12.0 million in 2023, then declined by 12.78% to -$13.5 million in 2024, then climbed by 14.87% to -$11.5 million in 2025, then sank by 143.42% to -$28.0 million in 2026.
  • The last three Free Cash Flow figures came in at -$28.0 million (Q1 2026), -$11.5 million (Q4 2025), and -$9.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Alterity Therapeutics 762,369.55 Bn 762,369.51 Bn - -
2 Belite Bio 55,096.00 Bn 55,096.00 Bn - -
3 Quantum Biopharma 17,755.80 Bn 17,755.79 Bn - -1.67 Mn
4 Legend Biotech 3,486.00 Bn 3,485.71 Bn 242.10 Mn -12.20 Mn
5 Akari Therapeutics 1,737.42 Bn 1,737.41 Bn - -2.49 Mn
6 Evaxion A 1,551.28 Bn 1,551.26 Bn - -
7 Psyence Biomedical 227.32 Bn 227.31 Bn - -
8 Vertex Pharmaceuticals 110.84 Bn 103.59 Bn 2.59 Bn 1.29 Bn
9 Abivax 91.71 Bn 91.71 Bn - 63,220.27
10 Alto Neuroscience 643.06 Mn 379.30 Mn - -28.03 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -28.03 Mn
Mar 31, 2026 -28.03 Mn
Dec 31, 2025 -11.52 Mn
Dec 31, 2025 -11.52 Mn
Sep 30, 2025 -9.92 Mn
Sep 30, 2025 -9.92 Mn
Jun 30, 2025 -13.78 Mn
Jun 30, 2025 -13.78 Mn
Mar 31, 2025 -16.58 Mn
Mar 31, 2025 -16.58 Mn
Dec 31, 2024 -13.53 Mn
Dec 31, 2024 -13.53 Mn
Sep 30, 2024 -12.73 Mn
Sep 30, 2024 -12.73 Mn
Jun 30, 2024 -12.03 Mn
Jun 30, 2024 -12.03 Mn
Mar 31, 2024 -11.21 Mn
Mar 31, 2024 -11.21 Mn
Dec 31, 2023 -11.99 Mn
Dec 31, 2023 -11.99 Mn