Alto Neuroscience, Inc.

Alto Neuroscience, Inc.

ANROยทNYSE

$18.85

+0.75%
HealthcareBiotechnology

Alto Neuroscience, Inc. operates as a clinical-stage biopharmaceutical company that engages in the psychiatry drug development business. The company develops ALTO-100 for the treatment of patients with major depressive disorder (MDD) and post-traumatic stress disorder; ALTO-300, a small molecule melatonergic agonist and serotonergic antagonist with antidepressant properties to treat patients with MDD; and ALTO-101, a novel small molecule phosphodiesterase 4 inhibitor for the treatment of cognitive impairment associated with schizophrenia. It also develops ALTO-203, a novel small-molecule histamine H3 receptor inverse agonist to treat patients with MDD and higher levels of anhedonia, and ALTO-202, an investigational orally bioavailable antagonist of the GluN2B subunit of the NMDA receptor for the treatment of MDD. In addition, the company develops novel pharmacodynamically synergistic combinations and an AI-enabled biomarker platform that combine sources of information on patients brain activity and behavior to identify patients to respond to novel product candidates. Alto Neuroscience, Inc. was incorporated in 2019 and is based in Los Altos, California.

At a Glance

Live Snapshot
Market Cap$661.52M
EPS-2.1900
P/E Ratio-8.61
Earnings Date08/12/2026
3Y+154.0%
5Y+459.0%
10Y+459.0%
3Y-97.0%
5Y-96.0%
10Y-96.0%
3Y+37.0%
5Y+90.0%
10Y+90.0%
ANRO

Alto Neuroscience, Inc. Cash Conversion Engine

ANRO ยท NYSE
Net Income-63.24M
Depreciation & Amortization661.00K
Stock-Based Compensation8.11M
Change in Working Capital33.00K
Others2.67M
Capital Expenditures-24.00K
Free Cash Flow-51.79M

Cash Flow Quality Analysis

FCF Conversion Rate

81.9%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-0.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-4.6%

Flat FCF growth. Stable but not expandingโ€”monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

+$33.00K

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Alto Neuroscience, Inc. Cash Flow Statement

ANRO โ€ข NYSE

Alto Neuroscience, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
OPERATING ACTIVITIES
-63.2M
-61.4M
-36.3M
-27.7M
-9.2M
661K
502K
373K
342K
145K
8.1M
7.6M
2.9M
1.8M
227K
2.7M
1.8M
291K
632K
125K
33K
4.1M
-698K
4.6M
-572K
-51.8M
-47.4M
-33.4M
-20.4M
-9.3M
INVESTING ACTIVITIES
-24K
-2.1M
-470K
-732K
-680K
-24K
-2.1M
-470K
-732K
-680K
FINANCING ACTIVITIES
50M
137.6M
0.0
43K
7K
10.1M
1.3M
0.0
9.8M
0.0
-167K
(0.0)
(0.0)
(0.0)
(0.0)
0.0
-3.1M
-1.9M
-341K
-205K
60.1M
135.7M
68.1M
43.8M
31.7M
CASH FLOW SUMMARY
-30K
-11K
-8K
-24K
-50K
8.3M
86.2M
34.2M
22.6M
21.7M
168.7M
82.5M
48.3M
25.7M
4M
177M
168.7M
82.5M
48.3M
25.7M
-51.8M
-49.5M
-33.9M
-21.1M
-9.9M

SEC Filings

ANRO - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 28, 2026
May 27, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 13, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 13, 2026
May 13, 2026
2026
8-K

8-K 2026

N/A

May 13, 2026
May 12, 2026
2026
S-3

S-3

N/A

April 10, 2026
April 10, 2026
ย 
8-K

8-K 2026

N/A

April 01, 2026
April 01, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 26, 2026
May 12, 2026
2026
8-K

8-K 2026

N/A

March 16, 2026
March 16, 2026
2026
10-K

10-K 2025 FY

FY

March 16, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 16, 2026
March 16, 2026
2026
Showing 1 to 10 of 44 filings