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Segments

By segment

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Reportable Segment$23.42M+66.4%

Other financials

Income statement

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Revenue$59.0K-69.3%
Gross profit$963.0K+8,855%
Operating income-$31.5M-63.2%
Net income-$36.4M-75.1%
EPS (diluted)-$0.83+56.8%

Balance sheet

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Cash & equivalents$85.6M+101%
Total debt$242.0K-64.4%
Total equity$448.7M+329%
Total assets$490.8M+288%

Cash flow

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Operating cash flow-$20.0M-75.5%
CapEx-
Free cash flow-$15.0M-444%

Valuation

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Market cap$1B+1,015%
Enterprise value$917.51M+1,806%

Profitability

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Gross margin182%+176pp
Operating margin-15,536.1%-17,275pp
Net margin-7,965.8%-10,750pp
FCF margin-11,123.8%-13,374pp

Returns & leverage

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Return on equity-36.3%
Debt / equity0.0×
Current ratio19.3×+6.9×

Where this comes from

Reported directly by Avalo Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

The source filing: Avalo Therapeutics’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 7:03 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001534120-26-000049
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Operating expenses:
Research and development23,41814,07437,46623,195
General and administrative8,0995,24214,95310,789
Total operating expenses31,51719,31652,41933,984
Loss from operations(31,517)(19,316)(52,419)(33,984)
Other (expense) income:
Change in fair value of derivative liability(1,010)(2,530)(530)(2,150)
Change in fair value of contingent consideration(6,574)(6,574)

Item 1. Financial Statements.

FAQ

What is Avalo Therapeutics's R&D?
Avalo Therapeutics (AVTX) reported R&D of $23.42M in Q2 2026.
How has Avalo Therapeutics's R&D changed year-over-year?
Avalo Therapeutics's R&D increased by 66.4% year-over-year, from $14.07M to $23.42M.
What is the long-term trend for Avalo Therapeutics's R&D?
Over 4 years (2021 to 2025), Avalo Therapeutics's R&D has grown at a -4.3% compound annual growth rate (CAGR), from $59.84M to $50.09M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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