1.Sales and profit
See section β- Aptevo Therapeutics Inc. lost $26.0M in fiscal 2025.
APVO Nasdaq Pharmaceutical Preparations Financials FY2016βFY2025
Last close Β· Oct 23, 2026
$1.61
0.0%Hi! I read Aptevo Therapeutics Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Does it make a profit?
β$26.0M
No. It lost money last year.
How is the share priced?
0.0x
One share costs 0.0 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Aptevo Therapeutics Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 5, 2026
Thursday Β· in 10 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 14, 2026 | Q2 '26 | Before the market opens | 8-K β |
| May 13, 2026 | Q1 '26 | After the market closes | 8-K β |
| Mar 26, 2026 | Q4 '25 | After the market closes | 8-K β |
| Nov 6, 2025 | Q3 '25 | After the market closes | 8-K β |
| Aug 11, 2025 | Q2 '25 | Before the market opens | 8-K β |
| Apr 28, 2025 | Q1 '25 | Before the market opens | 8-K β |
| Feb 14, 2025 | Q4 '24 | Before the market opens | 8-K β |
| Nov 7, 2024 | Q3 '24 | Before the market opens | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Margins, % of revenue
KIRA Β· Aptevo Therapeutics Inc. lost $26.0M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Aptevo Therapeutics Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $45.0M | $22.6M | $16.9M | $8.7M | $21.6M |
| Debt incl. finance leases | $16.0M | $4.0M | $0.0M | β | β |
| Debt / equity | 13.2x | 0.2x | 0.0x | β | β |
| Current ratio | 1.5x | 3.2x | 2.6x | 1.7x | 3.8x |
| Quick ratio | 1.5x | 3.2x | 2.6x | 1.7x | 3.8x |
| Total assets | $56.6M | $34.2M | $24.8M | $15.6M | $27.2M |
| Total liabilities | $55.4M | $16.2M | $12.6M | $10.8M | $9.8M |
| Shareholders' equity | $1.2M | $18.0M | $12.2M | $4.8M | $17.4M |
| Net debt (β = net cash) | β$29.0M | β$18.6M | β$16.9M | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 6 / 9 | 2 / 9 | 3 / 9 | 2 / 8 | 3 / 8 | 4 / 8 | 3 / 7 | β / 6 | β / 6 |
| Accruals ratio | β82.2% | 46.5% | β2.5% | 3.2% | 21.6% | β12.3% | 64.0% | β19.2% | β1.7% | β1.8% |
| Altman Z'' | β8.03 | 1.60 | β7.42 | β16.11 | β10.27 | β12.78 | β20.50 | β32.99 | β60.04 | β33.51 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $10.0M | $14.7M | $23.1M | $32.4M | $4.3M | $12.3M | $3.1M | β | β | β |
| Gross profit | β$2.5M | $9.6M | $11.9M | $12.5M | β | β | β | β | β | β |
| Research and development | $29.1M | $29.0M | $35.4M | $24.8M | $17.9M | $19.0M | $17.9M | $17.1M | $14.4M | $14.5M |
| Operating income | β$139M | β$53.9M | β$51.7M | β$41.0M | β$27.5M | β$21.4M | β$28.6M | β$28.9M | β$24.6M | β$26.3M |
| Pretax income | β$140M | β$55.9M | β$53.7M | β$43.1M | β$30.9M | β$29.4M | $7.0M | β$18.7M | β$24.1M | β$26.0M |
| Income tax | β$19.7M | β$23.3M | β | β | β | β | β | β | β | $0.0M |
| Net income | β$112M | $7.0M | β$53.7M | β$40.4M | β$17.8M | β$28.5M | $8.0M | β$17.4M | β$24.1M | β$26.0M |
| Net income to common | β | β | β | β | β | β | β | β | β$24.1M | β$27.5M |
| Diluted EPS | β$5.55 | $0.33 | β$2.39 | β$13.86 | β$5.23 | β$6.07 | $1.57 | β$2,316.83 | β$31,460.23 | β$87.27 |
| Diluted shares | 0.02B | 0.02B | 0.02B | 0.00B | 0.00B | 0.00B | 0.01B | 0.00B | 0.00B | 0.00B |
| Cash flow | ||||||||||
| Cash from operations | β$36.9M | β$41.6M | β$51.4M | β$42.4M | β$29.3M | β$21.7M | β$21.0M | β$11.7M | β$23.8M | β$25.6M |
| Capital expenditure | $2.5M | $1.4M | $1.0M | $0.2M | $0.1M | $0.7M | $0.0M | β | β | β |
| Free cash flow | β$39.4M | β$43.0M | β$52.4M | β$42.5M | β$29.4M | β$22.4M | β$21.1M | β | β | β |
| Depreciation and amortization | $3.4M | $3.1M | $2.4M | $2.2M | $1.4M | $1.1M | $0.9M | $0.6M | $0.4M | $0.2M |
| Stock-based compensation | $3.8M | $4.9M | $2.1M | $1.6M | $1.3M | $1.6M | $1.8M | $2.2M | $1.1M | $0.1M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $54.5M | $80.8M | $30.6M | $12.4M | $40.0M | $45.0M | $22.6M | $16.9M | $8.7M | $21.6M |
| Total debt | $18.4M | $19.1M | $19.3M | $19.9M | $28.2M | $16.0M | $4.0M | $0.0M | β | β |
| Current assets | $71.4M | $95.1M | $48.7M | $30.0M | $47.3M | $52.6M | $27.5M | $19.1M | $10.7M | $23.1M |
| Current liabilities | $19.5M | $18.5M | $17.6M | $38.2M | $14.5M | $34.8M | $8.7M | $7.2M | $6.2M | $6.1M |
| Inventory | $0.5M | $1.0M | $1.8M | $6.1M | β | β | β | β | β | β |
| Property and equipment, net | $5.9M | $5.8M | $5.2M | $3.9M | $2.8M | $2.4M | $1.5M | $0.9M | $0.5M | $0.3M |
| Intangible assets | $6.9M | $6.1M | $5.3M | $4.4M | β | β | β | β | β | β |
| Total assets | $91.9M | $117M | $67.5M | $53.4M | $53.5M | $56.6M | $34.2M | $24.8M | $15.6M | $27.2M |
| Total liabilities | $41.3M | $35.0M | $37.1M | $41.6M | $37.0M | $55.4M | $16.2M | $12.6M | $10.8M | $9.8M |
| Shareholders' equity | $50.6M | $82.0M | $30.4M | $11.8M | $16.6M | $1.2M | $18.0M | $12.2M | $4.8M | $17.4M |
| Margins | ||||||||||
| Gross margin | β24.9% | 65.8% | 51.4% | 38.5% | β | β | β | β | β | β |
| Operating margin | β1,389.8% | β368.1% | β224.0% | β126.3% | β638.1% | β174.1% | β919.7% | β | β | β |
| EBITDA margin | β1,356.1% | β346.7% | β213.6% | β119.4% | β605.4% | β164.8% | β890.8% | β | β | β |
| Net margin | β1,125.8% | 47.6% | β232.8% | β124.7% | β411.9% | β231.5% | 257.8% | β | β | β |
| FCF margin | β394.3% | β293.2% | β227.2% | β131.2% | β682.4% | β182.2% | β676.0% | β | β | β |
| Returns | ||||||||||
| Return on capital | β760.1% | β209.8% | β214.3% | β168.0% | β449.2% | β | β | β | β | β |
| Return on capital employed | β191.9% | β54.8% | β103.6% | β270.0% | β70.5% | β98.0% | β112.3% | β163.9% | β262.2% | β124.4% |
| Return on equity | β222.3% | 10.5% | β95.5% | β191.5% | β124.8% | β319.6% | 83.7% | β115.3% | β284.3% | β234.6% |
| Return on assets | β122.4% | 6.7% | β58.2% | β66.9% | β33.2% | β51.7% | 17.7% | β59.0% | β119.4% | β121.4% |
| Return on tangible equity | β257.5% | 9.2% | β213.4% | β545.0% | β107.0% | β2,340.2% | 44.7% | β142.5% | β507.5% | β158.4% |
| Growth | ||||||||||
| Revenue growth | β | 46.8% | 57.4% | 40.6% | β86.7% | 185.3% | β74.7% | β | β | β |
| Net income growth | β | β | β870.0% | β | β | β | β | β316.9% | β | β |
| EPS growth | β | β | β824.2% | β | β | β | β | β147,668.8% | β | β |
| Share count change | β | 5.4% | 5.5% | β87.0% | 16.2% | 38.3% | 8.9% | β99.9% | β89.3% | 39,337.5% |
| Financial health | ||||||||||
| Debt / equity | 0.4x | 0.2x | 0.6x | 1.7x | 1.7x | 13.2x | 0.2x | 0.0x | β | β |
| Current ratio | 3.7x | 5.1x | 2.8x | 0.8x | 3.3x | 1.5x | 3.2x | 2.6x | 1.7x | 3.8x |
| Quick ratio | 3.6x | 5.1x | 2.7x | 0.6x | 3.3x | 1.5x | 3.2x | 2.6x | 1.7x | 3.8x |
| Capital allocation | ||||||||||
| Capex / revenue | 25.2% | 9.6% | 4.2% | 0.5% | 2.0% | 5.8% | 0.9% | β | β | β |
| Stock comp / revenue | 38.1% | 33.3% | 9.3% | 4.9% | 29.1% | 13.4% | 57.9% | β | β | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 6.0 | 2.0 | 3.0 | 2.0 | 3.0 | 4.0 | 3.0 | β | β |
| Altman Z'' | β8.0 | 1.6 | β7.4 | β16.1 | β10.3 | β12.8 | β20.5 | β33.0 | β60.0 | β33.5 |
| Accruals ratio | β82.2% | 46.5% | β2.5% | 3.2% | 21.6% | β12.3% | 64.0% | β19.2% | β1.7% | β1.8% |
Source: SEC EDGAR XBRL filings (CIK 0001671584). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.