Alvotech Announces Q3 2024 Earnings, Raises FY24 Guidance, and Updates on New Products.
ByAinvest
Wednesday, Nov 12, 2025 4:42 pm ET1min read
ALVO--
Alvotech reported Q1 2025 revenues of $420 million, a 24% increase YoY, with sales and services revenue of $237 million, an 85% increase YoY. However, other revenue and grants decreased by 13% YoY to $182 million. The company expects Q4 2024 to be the highest revenue quarter, with end-of-year revenues forecast at $570-600 million and adjusted EBITDA at $130-150 million. Alvotech has secured market approval for three new products in Japan and Europe, and has $100 million in new financing.
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