Allarity Financials

ALLR

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Allarity (ALLR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

Allarity passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.71x

For every $1 of reported earnings, Allarity generates $0.71 in operating cash flow (-$17.4M OCF vs -$24.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-41.7x

Allarity earns $-41.7 in operating income for every $1 of interest expense (-$27.2M vs $653K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

N/A

EBITDA

-$27.2M

YoY-59.3%

Allarity's EBITDA was -$27.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 59.3% from the prior year.

Free Cash Flow

-$17.6M

YoY-38.5%

Allarity generated -$17.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 38.5% from the prior year.

Net Income

-$24.5M

YoY-106.0%

Allarity reported -$24.5M in net income in fiscal year 2024. This represents a decrease of 106.0% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$19.5M

YoY+11666.9%

Allarity held $19.5M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

Allarity had 7M shares outstanding in fiscal year 2024. This represents an increase of 74327.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

$6.1M

YoY-14.2%

Allarity invested $6.1M in research and development in fiscal year 2024. This represents a decrease of 14.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$298K

Allarity invested $298K in capex in fiscal year 2024, funding long-term assets and infrastructure.

ALLR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	-$2.3M	N/A	N/A
R&D Expenses	$6.1M-14.2%	$7.1M+2.5%	$6.9M-51.2%	$14.2M+236.6%	$4.2M
SG&A Expenses	$11.4M+14.1%	$10.0M+0.6%	$10.0M-19.4%	$12.4M+201.4%	$4.1M
Operating Income	-$27.2M-59.0%	-$17.1M+50.3%	-$34.5M-29.8%	-$26.6M-219.2%	-$8.3M
Interest Expense	$653K+31.1%	$498K+123.3%	$223K+125.3%	$99K+6.5%	$93K
Income Tax	-$381K-559.0%	$83K+105.5%	-$1.5M-1243.6%	$133K-32.8%	$198K
Net Income	-$24.5M-106.0%	-$11.9M+25.9%	-$16.1M+39.7%	-$26.6M-302.7%	-$6.6M
EPS (Diluted)	N/A	$-10.26+99.7%	$-3093.42	$-4.19	N/A

Metric	Q3'25	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22	Q4'21	Q3'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	-$1.2M	N/A	N/A
R&D Expenses	$1.2M+17.8%	$1.0M	N/A	$1.9M	N/A	$3.0M	N/A	$1.4M
SG&A Expenses	$1.3M-17.2%	$1.6M	N/A	$2.5M	N/A	$1.6M	N/A	$2.6M
Operating Income	-$2.5M+79.6%	-$12.3M	N/A	-$4.4M	N/A	-$4.6M	N/A	-$4.0M
Interest Expense	$57K+14.0%	$50K	N/A	$34K	N/A	$35K	N/A	$27K
Income Tax	$0+100.0%	-$377K	N/A	$0	N/A	$5K	N/A	$35K
Net Income	-$2.8M+75.8%	-$11.6M	N/A	-$4.4M	N/A	-$5.0M	N/A	-$1.4M
EPS (Diluted)	N/A	$-0.11	N/A	$-2.03	N/A	$-934.29	N/A	$-0.17

ALLR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$22.6M+90.9%	$11.9M-18.4%	$14.5M-70.7%	$49.6M+48.6%	$33.4M
Current Assets	$22.3M+1033.5%	$2.0M-60.3%	$5.0M-76.8%	$21.4M+1148.0%	$1.7M
Cash & Equivalents	$19.5M+11666.9%	$166K-91.8%	$2.0M-89.6%	$19.6M+6462.1%	$298K
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.8M-25.8%	$14.6M+15.5%	$12.7M-59.0%	$30.8M+244.1%	$9.0M
Current Liabilities	$10.8M-23.5%	$14.2M+26.2%	$11.2M-45.8%	$20.7M+274.5%	$5.5M
Long-Term Debt	N/A	$2.7M+1.6%	$2.6M	N/A	N/A
Total Equity	$11.8M+529.3%	-$2.8M-2334.5%	-$113K-100.6%	$18.2M-25.7%	$24.4M
Retained Earnings	-$119.0M-26.0%	-$94.5M-14.4%	-$82.5M-24.2%	-$66.5M-66.9%	-$39.8M

Metric	Q3'25	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22	Q4'21	Q3'21
Total Assets	$20.8M-8.2%	$22.6M+90.9%	$11.9M-14.5%	$13.9M-4.6%	$14.5M-19.8%	$18.1M-63.5%	$49.6M+34.2%	$37.0M
Current Assets	$20.5M-8.4%	$22.3M+1033.5%	$2.0M-55.1%	$4.4M-11.7%	$5.0M-18.0%	$6.1M-71.7%	$21.4M+180.3%	$7.6M
Cash & Equivalents	$16.9M-13.5%	$19.5M+11666.9%	$166K-88.1%	$1.4M-31.0%	$2.0M-48.6%	$3.9M-79.8%	$19.6M+250.2%	$5.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$8.8M-19.0%	$10.8M-25.8%	$14.6M-15.3%	$17.3M+36.4%	$12.7M-13.5%	$14.6M-52.6%	$30.8M+321.1%	$7.3M
Current Liabilities	$8.8M-19.0%	$10.8M-23.5%	$14.2M-10.0%	$15.7M+40.3%	$11.2M-13.4%	$13.0M-37.5%	$20.7M+439.8%	$3.8M
Long-Term Debt	N/A	N/A	$2.7M0.0%	$2.7M+1.6%	$2.6M	N/A	N/A	N/A
Total Equity	$12.0M+1.7%	$11.8M+529.3%	-$2.8M+18.6%	-$3.4M-2890.3%	-$113K-107.8%	$1.4M-92.0%	$18.2M-38.8%	$29.7M
Retained Earnings	-$126.8M-6.6%	-$119.0M-26.0%	-$94.5M-1.9%	-$92.7M-12.3%	-$82.5M-3.6%	-$79.7M-19.9%	-$66.5M-33.9%	-$49.7M

ALLR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$17.4M-36.1%	-$12.7M+24.2%	-$16.8M-13.0%	-$14.9M-105.3%	-$7.3M
Capital Expenditures	$298K	$0-100.0%	$18K	N/A	$3K
Free Cash Flow	-$17.6M-38.5%	-$12.7M+24.3%	-$16.8M	N/A	-$7.3M
Investing Cash Flow	-$298K	$0-100.0%	$791K-21.3%	$1.0M+33600.0%	-$3K
Financing Cash Flow	$36.8M+234.6%	$11.0M+938.7%	-$1.3M-103.9%	$33.8M+460.6%	$6.0M
Dividends Paid	$0	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22	Q4'21	Q3'21
Operating Cash Flow	-$3.4M-6.4%	-$3.2M-91.7%	-$1.7M+68.9%	-$5.4M-119.8%	-$2.4M+44.5%	-$4.4M-2.1%	-$4.3M-15.7%	-$3.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	-$18K	$0-100.0%	$5K	N/A
Financing Cash Flow	$2.3M-45.5%	$4.2M+711.3%	$522K-91.9%	$6.5M+545.0%	$1.0M	$0-100.0%	$18.4M+685.9%	$2.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$141K	$0	N/A	N/A	N/A	N/A	N/A	N/A

ALLR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	-108.2%-7.9pp	-100.3%+10.1pp	-110.4%-56.7pp	-53.7%-33.9pp	-19.8%
Current Ratio	2.06+1.9	0.14-0.3	0.44-0.6	1.03+0.7	0.31
Debt-to-Equity	0.92+1.9	-0.98+22.4	-23.40-25.1	1.70+1.3	0.37
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22	Q4'21	Q3'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-13.5%+43.4pp	-56.9%	N/A	-32.0%	N/A	-27.8%	N/A	-3.6%
Current Ratio	2.33+0.3	2.06+1.9	0.14-0.1	0.28-0.2	0.44-0.0	0.47-0.6	1.03-1.0	1.99
Debt-to-Equity	0.73-0.2	0.92+1.9	-0.98-0.2	-0.80+22.6	-23.40-33.5	10.11+8.4	1.70+1.5	0.25
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Allarity profitable?

No, Allarity (ALLR) reported a net income of -$24.5M in fiscal year 2024.

What is Allarity's EBITDA?

Allarity (ALLR) had EBITDA of -$27.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Allarity's free cash flow?

Allarity (ALLR) generated -$17.6M in free cash flow during fiscal year 2024. This represents a -38.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Allarity's operating cash flow?

Allarity (ALLR) generated -$17.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Allarity's total assets?

Allarity (ALLR) had $22.6M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Allarity's capital expenditures?

Allarity (ALLR) invested $298K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Allarity spend on research and development?

Allarity (ALLR) invested $6.1M in research and development during fiscal year 2024.

How many shares does Allarity have outstanding?

Allarity (ALLR) had 7M shares outstanding as of fiscal year 2024.

What is Allarity's current ratio?

Allarity (ALLR) had a current ratio of 2.06 as of fiscal year 2024, which is generally considered healthy.

What is Allarity's debt-to-equity ratio?

Allarity (ALLR) had a debt-to-equity ratio of 0.92 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Allarity's return on assets (ROA)?

Allarity (ALLR) had a return on assets of -108.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Allarity's cash runway?

Based on fiscal year 2024 data, Allarity (ALLR) had $19.5M in cash against an annual operating cash burn of $17.4M. This gives an estimated cash runway of approximately 14 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Allarity's Piotroski F-Score?

Allarity (ALLR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Allarity's earnings high quality?

Allarity (ALLR) has an earnings quality ratio of 0.71x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Allarity cover its interest payments?

Allarity (ALLR) has an interest coverage ratio of -41.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.