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Alvotech (ALVO)

Nasdaq: ALVO · Biological Products, (No Diagnostic Substances) · Luxembourg, LU · filing with the SEC since 2021
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Grade6.2
◀ Past 7.3● Present 6.0▶ Future 5.1
2 est.
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The grade of Alvotech

Nine metrics read from its own filings, by tense
Headline grade
6.2/10
◀ Past7.330% of the headline
● Present6.040% of the headline
▶ Future5.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.3/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
8.0/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 33% of this tense · 80th percentile among 159 sector filers · read for itself

From the record

Alvotech's filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.3/10

What has it actually done, year after year?

+54.5% a year over 6 filed years; profitable in 1 of 6.

weight 45% of this tense · 74th percentile among 102 sector filers · read for its customers

From the record

Alvotech's 6 filed years say what it did: revenue went from $67 million in fiscal 2020 to $586 million in fiscal 2025, up 54.5% a year; it rose in 4 of 5 years; the deepest fall was 45% from fiscal 2020 to fiscal 2021; net income was positive in 1 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span54.5%top 22% of its family
  • the share of years revenue rosetop 24% of its family
  • the share of filed years with a profittop 27% of its family
  • the deepest fall from a revenue peak44.8%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
6.3/10

How has it treated the people who own it?

SI estimate 6.3/10, confidence 35 of 100 (one part).

weight 22% of this tense · 63rd percentile among 146 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 37% of 146 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 146 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Alvotech's shareholder treatment is put at 6.3 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 37% of 146 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

6.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.7/10

Is it financially healthy right now?

Leverage 119%: owes 119¢ per asset dollar.

weight 45% of this tense · 47th percentile among 147 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Alvotech's shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 24 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 119 cents per dollar of assets, and net share issuance: its share count grew 8.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 15% of its family
  • gross profit against assetstop 41% of its family
  • the share count against the year beforetop 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.4/10

How strong is its position in its industry?

top 16% of 102 in its family; net margin 4.8%.

weight 33% of this tense · 84th percentile among 102 sector filers · read for its customers

From the record

Alvotech's standing among 102 graded names in its industry family: revenue of $586 million in fiscal 2025 ranks in the top 12% by size; a net margin of 4.8% ranks in the top 20%; revenue growth of 91.8% a year over the last 3 filed years ranks in the top 15% (its annual reports).

What it rests on

  • revenue against the family$586Mtop 12% of its family
  • net margin4.8%top 20% of its family
  • three-year revenue growth91.8%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 130 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 130 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 130 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Alvotech's leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 130 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.5/10

How much room does it have to grow?

bottom 35% of 92 in its family for room to expand.

weight 45% of this tense · 35th percentile among 92 sector filers · read for itself

From the record

Alvotech's room to grow, from the newest filed statements (fiscal 2025): cash of $172 million against debt of $1.3 billion leaves -75.8% of its assets as net cash, bottom 1% of its family; cash from operations less capital spending is -19.6% of revenue (top 23%); a gross margin of 59.8% (bottom 39%); research spending of 31.4% of revenue (bottom 23%) (its annual report).

What it rests on

  • cash less debt against assets-75.8%bottom 1% of its family
  • cash from operations less capital spending against revenue-19.6%top 23% of its family
  • gross margin59.8%bottom 39% of its family
  • research spending against revenue31.4%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.0/10

What could actually drive growth from here?

top 31% of 100 in its family for growth drivers.

weight 33% of this tense · 69th percentile among 100 sector filers · read for its customers

From the record

Alvotech's growth drivers, from the filed years to fiscal 2025: revenue grew 91.8% a year over the last three filed years against 54.5% over all 6, speeding up (top 10% of its family); the newest year grew 19.7% (top 45%); research spending grew 0.7% a year (top 50%); capital spending grew 19.4% a year (top 17%) (its annual reports). Alvotech tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+37.3 points a yeartop 10% of its family
  • the newest year's revenue growth19.7%top 45% of its family
  • three-year growth of research spending0.7%top 50% of its family
  • three-year growth of capital spending19.4%top 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.8/10

Did its newest year beat what its own record pointed to?

top 42% of 72 in its family for expectations against reality.

weight 22% of this tense · 58th percentile among 72 sector filers · read for its shareholders

From the record

Alvotech's newest year against its own record: revenue of $586 million in fiscal 2025 came in 50.7% below the $1.2 billion its prior three years' pace pointed to (bottom 16% of its family); net income of $28 million against a prior three-year average of $432 million (top 14%); a net margin of 4.8% against losses larger than its revenue before (top 27%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-50.7%bottom 16% of its family
  • net income against the prior three years' average+107%top 14% of its family
  • net margin against its prior averageup more than 100 pointstop 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ALVO · research, not advice