Allarity Financials
This page shows Allarity (ALLR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Allarity remains a cash-funded development company, with outside financing repeatedly replacing operating burn more than revenue does.
Across recent filings, operating cash burn stayed close to$12.7M to$17.4M , which means the core cost base has not been resized to the tiny revenue line. Meanwhile, cash climbed from$166K to$14.7M , so the better liquidity comes from financing inflows rather than cash generated by operations.
The balance sheet shifted from negative equity to positive equity as liabilities fell to
What changed most was cost mix, not sales scale: SG&A fell to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Allarity's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Allarity has an operating margin of -3939.1%, meaning the company retains $-3939 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses.
Allarity carries a low D/E ratio of 0.86, meaning only $0.86 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
Allarity's current ratio of 2.13 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.
While Allarity generated -$14.8M in operating cash flow, capex of $8K consumed most of it, leaving -$14.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Allarity generates a -114.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -207.6% the prior year.
Allarity passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Allarity generates $1.32 in operating cash flow (-$14.8M OCF vs -$11.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Allarity earns $-68.1 in operating income for every $1 of interest expense (-$12.6M vs $185K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Allarity generated $320K in revenue in fiscal year 2025.
Allarity reported -$11.2M in net income in fiscal year 2025. This represents an increase of 54.2% from the prior year.
Cash & Balance Sheet
Allarity generated -$14.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 16.0% from the prior year.
Allarity held $14.7M in cash against $0 in long-term debt as of fiscal year 2025.
Allarity had 16M shares outstanding in fiscal year 2025. This represents an increase of 120.2% from the prior year.
Margins & Returns
Allarity's operating margin was -3939.1% in fiscal year 2025, reflecting core business profitability.
Allarity's net profit margin was -3509.7% in fiscal year 2025, showing the share of revenue converted to profit.
Allarity's ROE was -114.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 93.3 percentage points from the prior year.
Capital Allocation
Allarity invested $6.6M in research and development in fiscal year 2025. This represents an increase of 8.3% from the prior year.
Allarity spent $3.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Allarity invested $8K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 97.3% from the prior year.
ALLR Income Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25K | 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 | N/A | N/A | N/A |
| R&D Expenses | $1.3M | N/A | $1.2M-48.2% | $2.3M+65.4% | $1.4M | N/A | $1.0M-3.5% | $1.1M |
| SG&A Expenses | $1.4M | N/A | $1.3M-27.4% | $1.8M+11.0% | $1.6M | N/A | $1.6M-31.3% | $2.3M |
| Operating Income | -$2.7M | N/A | -$2.5M+39.1% | -$4.1M-36.1% | -$3.0M | N/A | -$12.3M-265.3% | -$3.4M |
| Interest Expense | $132K | N/A | $57K+375.0% | $12K-78.9% | $57K | N/A | $50K-88.3% | $426K |
| Income Tax | N/A | N/A | $0 | $0 | $0 | N/A | -$377K | $0 |
| Net Income | -$2.8M | N/A | -$2.8M-20.9% | -$2.3M+15.1% | -$2.7M | N/A | -$11.6M-611.5% | -$1.6M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $-0.11 |
ALLR Balance Sheet
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | N/A | $18.3M-12.2% | $20.8M-1.9% | $21.2M-28.7% | $29.7M+31.3% | $22.6M+11.1% | $20.4M-34.0% | $30.9M |
| Current Assets | N/A | $17.9M-12.4% | $20.5M-2.0% | $20.9M-29.0% | $29.4M+31.7% | $22.3M+9.7% | $20.4M-4.4% | $21.3M |
| Cash & Equivalents | N/A | $14.7M-13.1% | $16.9M-5.1% | $17.8M-29.4% | $25.2M+29.0% | $19.5M+5.6% | $18.5M-3.8% | $19.2M |
| 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 | N/A | $8.4M-4.0% | $8.8M-2.8% | $9.0M-18.3% | $11.1M+2.0% | $10.8M+46.2% | $7.4M-32.9% | $11.0M |
| Current Liabilities | N/A | $8.4M-4.0% | $8.8M-2.8% | $9.0M-18.3% | $11.1M+2.0% | $10.8M+46.2% | $7.4M-30.2% | $10.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | N/A | $9.8M-18.2% | $12.0M-1.3% | $12.2M-34.8% | $18.7M+58.1% | $11.8M-8.9% | $13.0M-34.6% | $19.8M |
| Retained Earnings | N/A | -$130.2M-2.7% | -$126.8M-2.3% | -$124.0M-1.9% | -$121.7M-2.3% | -$119.0M-6.7% | -$111.5M-11.6% | -$99.9M |
ALLR Cash Flow Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.5M-38.5% | -$3.2M+4.9% | -$3.4M+37.8% | -$5.5M-104.1% | -$2.7M+16.2% | -$3.2M+41.1% | -$5.4M+25.5% | -$7.3M |
| Capital Expenditures | $64K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$4.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$64K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $19.7M+8325.0% | -$240K-110.4% | $2.3M+190.1% | -$2.6M-123.0% | $11.1M+163.1% | $4.2M-13.0% | $4.9M-81.5% | $26.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $262K-45.9% | $484K+243.3% | $141K | N/A | N/A | $0 | $0 | N/A |
ALLR Financial Ratios
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -10752.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -11000.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | -23.4%-4.3pp | -19.1%-4.4pp | -14.6% | N/A | -89.4%-81.2pp | -8.2% |
| Return on Assets | N/A | N/A | -13.5%-2.5pp | -10.9%-1.8pp | -9.2% | N/A | -56.9%-51.6pp | -5.3% |
| Current Ratio | N/A | 2.13-0.2 | 2.33+0.0 | 2.31-0.3 | 2.66+0.6 | 2.06-0.7 | 2.75+0.7 | 2.01 |
| Debt-to-Equity | N/A | 0.86+0.1 | 0.73-0.0 | 0.74+0.2 | 0.59-0.3 | 0.92+0.3 | 0.57+0.0 | 0.56 |
| FCF Margin | -18228.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Allarity's annual revenue?
Allarity (ALLR) reported $320K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Allarity profitable?
No, Allarity (ALLR) reported a net income of -$11.2M in fiscal year 2025, with a net profit margin of -3509.7%.
What is Allarity's operating margin?
Allarity (ALLR) had an operating margin of -3939.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Allarity's net profit margin?
Allarity (ALLR) had a net profit margin of -3509.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Allarity's return on equity (ROE)?
Allarity (ALLR) has a return on equity of -114.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Allarity's free cash flow?
Allarity (ALLR) generated -$14.8M in free cash flow during fiscal year 2025. This represents a 16.0% 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 -$14.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Allarity's total assets?
Allarity (ALLR) had $18.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Allarity's capital expenditures?
Allarity (ALLR) invested $8K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Allarity spend on research and development?
Allarity (ALLR) invested $6.6M in research and development during fiscal year 2025.
What is Allarity's current ratio?
Allarity (ALLR) had a current ratio of 2.13 as of fiscal year 2025, which is generally considered healthy.
What is Allarity's debt-to-equity ratio?
Allarity (ALLR) had a debt-to-equity ratio of 0.86 as of fiscal year 2025, 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 -61.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Allarity's cash runway?
Based on fiscal year 2025 data, Allarity (ALLR) had $14.7M in cash against an annual operating cash burn of $14.8M. This gives an estimated cash runway of approximately 12 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 to 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 1.32x, 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 -68.1x, 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.
How financially healthy is Allarity?
Allarity (ALLR) scores 21 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.