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Alto Neuroscience ANRO ALTO-203 — Direct external program expenses:

Other product segments

ALTO-101
$5.36M+453%
ALTO-207
$4.14M
ALTO-100
$1.76M+56.9%
ALTO-300
$1.51M+63.4%

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$4.77M+1,026%
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IDYAIDE161 — External Clinical Development Expenses
$1.61M-34.4%

Other financials

Income statement

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Operating income-$27.1M-73.1%
Net income-$26.2M-73.0%
EPS (diluted)-$0.80-42.9%

Balance sheet

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Cash & equivalents$264.3M+63.9%
Total debt$20.9M-17.2%
Total equity$243.4M+75.0%
Total assets$276.3M+60.7%

Cash flow

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Operating cash flow-$27.1M-63.6%
CapEx$556.0K+2,217%
Free cash flow-$27.6M-66.7%

Valuation

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Market cap$887.88M+1,358%
Enterprise value$644.49M-958%

Returns & leverage

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Return on equity-38.9%+0.9pp
Debt / equity0.1×-0.1×
Current ratio20.5×-2.0×

Where this comes from

Reported directly by Alto Neuroscience in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Alto Neuroscience’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alto Neuroscience's ALTO-203 — direct external program expenses:?
Alto Neuroscience (ANRO) reported ALTO-203 — direct external program expenses: of $6K in Q1 2026.
How has Alto Neuroscience's ALTO-203 — direct external program expenses: changed year-over-year?
Alto Neuroscience's ALTO-203 — direct external program expenses: decreased by 99.2% year-over-year, from $737K to $6K.
What is the long-term trend for Alto Neuroscience's ALTO-203 — direct external program expenses:?
Over 2 years (2023 to 2025), Alto Neuroscience's ALTO-203 — direct external program expenses: has grown at a 170.1% compound annual growth rate (CAGR), from $222K to $1.62M.
What does ALTO-203 — direct external program expenses: mean?
This metric represents the direct external costs incurred for the research and development of the specific clinical-stage pharmaceutical asset. It captures expenditures related to outsourced clinical trials, contract research organizations, and manufacturing activities dedicated to advancing this program through the development pipeline. Monitoring these costs provides insight into the capital intensity and progress of individual drug candidates within the company's portfolio.