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Avalo Therapeutics

AVTX on Nasdaq. Avalo Therapeutics develops medicines for patients with inflammatory diseases. Market value $783m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

Nothing stands out yet.

What to watch out for

See Health care stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to December 2025
n/a

We could not compute this from the filings.

Price to profit
past 12 months to June 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: 20 of 100. Price score: 16 of 100. Our list needs 70 on quality and 60 on price.

$14.60 a share, 17% above its 1-year low

Over the past year the price has ranged from $12.51 to $24.27.

Pays no dividend

Prices from Monday’s close (5 October).

Five years of cash, in billions

-0.1
-0.0
-0.0
-0.0
n/a
20212022202320242025
Revenue
$5m$18m$2m$441,000$59,000
Operating margin
-1521.6%-207.4%-1421.6%-15535.6%-123601.7%
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.01bn0.19bn0.01bn0.02bn0.05bn

Health checks

  • Free cash flow positive0 of 4 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)1 of 7 checks we could run
  • Profit backed by cash (accruals)No
  • DebtUnknown
  • Revenue growth, five yearsShrinking, 61.2% a year
  • Buying back its own sharesNo, 470% more shares since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • A loss of $36 million, compared with a loss of $21 million a year ago.
  • 303% more shares than a year ago. Each share owns a bit less of the company.
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$23m
December 2024-$35m
March 2025-$13m
June 2025-$21m
September 2025-$31m
December 2025-$14m
March 2026-$20m
June 2026-$36m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
23 March 2026
Next quarterly (estimated, 10-Q)
5 November 2026

Who owns it

None of the long-term investors we follow own it. 126 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

19 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 6 sold $9m, $8m of it under preset trading plans.

  • Sullivan Christopher Ryan
    Chief Financial Officer
    Sold
    under a preset trading plan
    Date
    16 September 2026
    Shares
    12,394
    Price
    $16.33
    Value
    $202,437
  • Sullivan Christopher Ryan
    Chief Financial Officer
    Sold
    under a preset trading plan
    Date
    10 September 2026
    Shares
    10,185
    Price
    $17.62
    Value
    $179,457
  • Doyle Mittie
    Chief Medical Officer
    Sold
    under a preset trading plan
    Date
    28 August 2026
    Shares
    679
    Price
    $20.00
    Value
    $13,580
  • Sullivan Christopher Ryan
    Chief Financial Officer
    Sold
    under a preset trading plan
    Date
    18 August 2026
    Shares
    31,031
    Price
    $20.05
    Value
    $622,324
  • Doyle Mittie
    Chief Medical Officer
    Sold
    under a preset trading plan
    Date
    17 August 2026
    Shares
    1,000
    Price
    $20.00
    Value
    $20,000
  • Sullivan Christopher Ryan
    Chief Financial Officer
    Sold
    under a preset trading plan
    Date
    17 August 2026
    Shares
    41,694
    Price
    $19.86
    Value
    $828,096
  • Riley Jennifer
    Chief Strategy Officer
    Sold
    Date
    11 August 2026
    Shares
    2,655
    Price
    $19.59
    Value
    $52,012
  • Doyle Mittie
    Chief Medical Officer
    Sold
    under a preset trading plan
    Date
    10 August 2026
    Shares
    679
    Price
    $20.00
    Value
    $13,580
  • Doyle Mittie
    Chief Medical Officer
    Sold
    under a preset trading plan
    Date
    27 July 2026
    Shares
    1,000
    Price
    $20.00
    Value
    $20,000
  • Doyle Mittie
    Chief Medical Officer
    Sold
    under a preset trading plan
    Date
    30 June 2026
    Shares
    4,654
    Price
    $20.00
    Value
    $93,080

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 23 Mar 2026, plus the 10-Q filed 6 Aug 2026 and 10 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • Sales have shrunk: 61.2% a year.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
Create a free account to run it

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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.