Alector, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
ALEC$2.46+7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and per share data)
| December 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $65,802 | $33,021 |
| Marketable securities | 190,222 | 380,376 |
| Prepaid expenses and other current assets | 10,428 | 11,420 |
| Total current assets | 266,452 | 424,817 |
| Property and equipment, net | 10,841 | 17,145 |
| Operating lease right-of-use assets | 13,712 | 19,951 |
| Restricted cash | 1,846 | 1,846 |
| Other assets | 386 | 4,544 |
| Total assets | $293,237 | $468,303 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $1,691 | $2,215 |
| Accrued clinical supply costs | 3,669 | 6,989 |
| Accrued liabilities | 19,299 | 28,890 |
| Deferred revenue, current portion | 6,684 | 23,663 |
| Payable to collaboration partner | 17,289 | 5,914 |
| Refund liability to collaboration partner, current portion | 11,449 | 48,634 |
| Operating lease liabilities, current portion | 9,056 | 8,754 |
| Short-term debt | 366 | — |
| Total current liabilities | 69,503 | 125,059 |
| Deferred revenue, long-term portion | 164,537 | 172,169 |
| Long-term debt | 9,323 | 9,389 |
| Refund liability to collaboration partner, long-term portion | — | 9,276 |
| Operating lease liabilities, long-term portion | 17,488 | 24,376 |
| Other long-term liabilities | 1,737 | 1,234 |
| Total liabilities | 262,588 | 341,503 |
| Commitments and contingencies (Note 4) | ||
| Stockholders’ equity: | ||
| Common stock, $0.0001 par value; 200,000,000 shares authorized; 110,362,581 and 99,085,888 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 11 | 9 |
| Additional paid-in capital | 1,002,528 | 955,657 |
| Accumulated other comprehensive income | 166 | 261 |
| Accumulated deficit | (972,056) | (829,127) |
| Total stockholders’ equity | 30,649 | 126,800 |
| Total liabilities and stockholders’ equity | $293,237 | $468,303 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.