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Alto Neuroscience ANRO Business Segments — Personnel expenses excluding stock-based compensation

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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$1.11B+1,245%
Enterprise value$871.03M-2,281%

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:LaborAndRelatedExpense.

The source filing: Alto Neuroscience’s 10-Q, filed May 13, 2026.

Filed
May 13, 2026, 7:30 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001999480-26-000012
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Personnel expenses excluding stock-based compensation$6,249$5,783
Stock-based compensation2,8241,968
Direct external program expenses:
ALTO-1001,7641,124
ALTO-3001,507922
ALTO-1015,356969
ALTO-2036737
ALTO-2074,143

Item 1. Financial Statements (Unaudited).

FAQ

What is Alto Neuroscience's business segments — personnel expenses excluding stock-based compensation?
Alto Neuroscience (ANRO) reported business segments — personnel expenses excluding stock-based compensation of $6.25M in Q1 2026.
How has Alto Neuroscience's business segments — personnel expenses excluding stock-based compensation changed year-over-year?
Alto Neuroscience's business segments — personnel expenses excluding stock-based compensation increased by 8.1% year-over-year, from $5.78M to $6.25M.
What is the long-term trend for Alto Neuroscience's business segments — personnel expenses excluding stock-based compensation?
Over 2 years (2023 to 2025), Alto Neuroscience's business segments — personnel expenses excluding stock-based compensation has grown at a 26.2% compound annual growth rate (CAGR), from $13.38M to $21.32M.
What does business segments — personnel expenses excluding stock-based compensation mean?
This metric represents the cash-based compensation costs, including salaries, bonuses, and benefits, for employees directly associated with the company's primary business operations. It excludes non-cash equity awards to provide a clearer view of the recurring operational cash burn required to maintain the workforce. Monitoring this helps investors assess the core human capital investment required to advance clinical-stage biopharmaceutical programs.

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