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Alector, Inc. (ALEC) stock

ALECNasdaqBiological Products, (No Diagnostic Substances)Fiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 12/3067% below fair value
$2.45−0.18 (-6.84%)

Close on Nov 12, 2026Market cap $273.56MP/E 7.0Yield –

Alector, Inc. grew revenue 151.2% to $173.47M over the twelve months to Sep 30, 2026. Free cash flow was -$150.02M. At the latest close the market valued the company at $273.56M, 7.0 times its earnings.

Revenue
$173.47M
+151.2% vs. a year earlier
Operating income
$34.96M
TTM Q3 2026
Free cash flow
-$150.02M
TTM Q3 2026
EPS, diluted
$0.35
TTM Q3 2026

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$273.56M
P/E ratio
7.0
Price to sales
1.58
Price to book
2.35
Dividend yield
–
Free cash flow yield
-54.84%

Fundamentals

Revenue
$173.47M
Net income
$41.41M
EPS, diluted
$0.35
Free cash flow
-$150.02M
Book value per share
$1.04
Diluted shares
112M

Trading

Next earnings
Feb 24, 2027 (estimated, after the close)
Previous close
$2.63
Open
$2.66
Day's range
$2.39 – $2.66
Volume
1,872,048
Average volume (20 days)
2,150,960
Index membership
Russell 2000, Russell 3000 (since Nov 2025)
Beta (5 years)
1.51
52-week range
$1.09 – $2.84
RSI (14 days)
67.5
Volatility (1 year)
84.1%
Relative volume
1.33×
WACC
12.4%

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2019, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodALECS&P 500DifferenceALEC per yearS&P 500 per year
1 month+17.8%-2.7%+20.5 pts
3 months+14.0%-1.7%+15.7 pts
Year to date+57.1%+11.9%+45.2 pts
1 year+82.8%+12.0%+70.9 pts
3 years-45.6%+78.2%−123.7 pts-18.3%+21.2%
5 years-89.4%+73.2%−162.7 pts-36.2%+11.6%

Ten years at a glance

Fiscal years 2016 to 2025 and trailing twelve months, USD

Revenue

$173.47M+151.2% YoY

Operating income

$34.96M

Net income

$41.41M

EPS, diluted

$0.35

Free cash flow

-$150.02M
Reported periodTrailing twelve months

Press releases

Releases Alector filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Alector

Biological Products, (No Diagnostic Substances)

Alector, Inc. is a clinical-stage biotechnology company that discovers and develops therapies for neurodegenerative diseases, including Alzheimer's disease, Parkinson's disease, and Lewy body dementia. The company utilizes its proprietary blood-brain barrier delivery technology, called Alector Brain Carrier, to transport antibodies, enzymes, and siRNA molecules into the central nervous system. Its clinical pipeline features nivisnebart, an investigational antibody undergoing clinical evaluation for early Alzheimer's disease in collaboration with GlaxoSmithKline. Preclinical candidates include an anti-amyloid beta antibody, an enzyme replacement therapy, and genetic therapies targeting tau, alpha-synuclein, and NLRP3. As a clinical-stage biopharmaceutical enterprise without commercialized therapies, its primary partners are pharmaceutical companies rather than commercial end customers.

Company profile, executives and history

Alector stock: common questions

What is Alector's stock price?

ALEC closed at $2.45 on Nov 12, 2026, down 6.84% on the day. Over the past 52 weeks it traded between $1.09 and $2.84.

What is Alector's market cap?

Alector was worth $273.56M at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is ALEC's P/E ratio?

ALEC trades at 7.0 times earnings, based on diluted earnings per share of $0.35 over the twelve months to Sep 30, 2026.

How much revenue does Alector make?

Alector reported revenue of $173.47M for the twelve months to Sep 30, 2026, up 151.2% from a year earlier.

Does Alector pay a dividend?

No. Alector has not paid a cash dividend over the last twelve months.

When does Alector report earnings next?

Alector is expected to report Q4 FY2026 results on Feb 24, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has ALEC stock performed over the past year?

Including dividends, ALEC returned +82.8% over the past year, against +12.0% for the S&P 500.

How many ALEC shares are sold short?

8M shares were sold short at the latest FINRA report, 8.32% of the float, or 3.6 days of average trading volume.

Who are Alector's competitors?

Companies most similar to Alector by business, industry and size include RGNX, MAZE, VYGR, AGEN, FDMT.

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