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ATHE logoAlterity Therapeutics Limited(ATHE)Earnings, Financials & Key Ratios

ATHE•NASDAQ
$4.52
$82M mkt cap·Price updated May 6, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryNeuroscience and Psychiatry Therapies
AboutAlterity Therapeutics Limited engages in the research and development of therapeutic drugs to treat Alzheimer's disease, Huntington disease, Parkinson's disease, and other neurological disorders in Australia. The company's lead drug candidate is ATH434 that has completed Phase I clinical trial for the treatment of Parkinson's disease. It is also developing PBT2 that has completed Phase IIa clinical trial to treat Alzheimer's disease. The company was formerly known as Prana Biotechnology Limited and changed its name to Alterity Therapeutics Limited in April 2019. Alterity Therapeutics Limited was incorporated in 1997 and is headquartered in Melbourne, Australia.Show more
  • Revenue$5M+35.3%
  • EBITDA-$15M+25.7%
  • Net Income-$12M+36.5%
  • EPS (Diluted)-1.14+63.5%
  • Gross Margin97.66%+3.2%
  • EBITDA Margin-267.44%+45.1%
  • Operating Margin-267.96%+45.1%
  • Net Margin-223.35%+53.1%
  • ROE-43.23%+58.6%
  • ROIC-203.97%+40.6%
  • Debt/Equity0.00-68.2%
Technical→

ATHE Key Insights

Alterity Therapeutics Limited (ATHE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 80 (top 20%)

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Shares diluted 75.3% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ATHE Price & Volume

Alterity Therapeutics Limited (ATHE) stock price & volume — 10-year historical chart

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ATHE Growth Metrics

Alterity Therapeutics Limited (ATHE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years40.86%
5 Years-
3 Years2.01%
TTM4.63%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-17.32%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM39.09%

Return on Capital

10 Years-57.2%
5 Years-65.83%
3 Years-69.46%
Last Year-51.74%

ATHE Peer Comparison

Alterity Therapeutics Limited (ATHE) competitors in Neuroscience and Psychiatry Therapies — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PRTA logoPRTAProthena Corporation plcDirect Competitor601.85M11.18-2.47-92.84%-25.21%-73%0.05
ACAD logoACADACADIA Pharmaceuticals Inc.Direct Competitor3.68B21.489.3811.87%36.49%41.9%0.04
SAVA logoSAVACassava Sciences, Inc.Direct Competitor94.44M1.96-3.76-95.77%
AVXL logoAVXLAnavex Life Sciences Corp.Direct Competitor309.52M3.34-6.19-31.55%
IONS logoIONSIonis Pharmaceuticals, Inc.Product Competitor12.7B76.85-32.2933.87%-30.87%-58.57%5.35
BIIB logoBIIBBiogen Inc.Product Competitor28.15B190.6821.591.39%13.92%7.55%0.38
RARE logoRAREUltragenyx Pharmaceutical Inc.Product Competitor2.55B25.93-4.4520.13%-91.03%-6.08%
PTCT logoPTCTPTC Therapeutics, Inc.Product Competitor5.52B66.618.56114.51%39.44%

Compare ATHE vs Peers

Alterity Therapeutics Limited (ATHE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PRTA

Most directly comparable listed peer for ATHE.

Scale Benchmark

vs BIIB

Larger-name benchmark to compare ATHE against a more recognizable public peer.

Peer Set

Compare Top 5

vs PRTA, ACAD, SAVA, AVXL

ATHE Income Statement

Alterity Therapeutics Limited (ATHE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemJun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Jun'25
Sales/Revenue132.4K201.17K108.54K04.34M5.12M3.92M4.02M5.44M
Revenue Growth %-7.19%51.95%-46.05%-100%-18.06%-23.56%2.63%35.32%
Cost of Goods Sold21.33K21.8K29.7K112.43K360.03K364.67K285.07K214.3K127.52K
COGS % of Revenue16.11%10.84%27.36%-8.3%7.12%7.28%5.33%2.34%
Gross Profit
111.07K▲ 0%
179.38K▲ 61.5%
78.84K▼ 56.0%
-112.43K▼ 242.6%
3.98M▲ 3639.7%
4.76M▲ 19.6%
3.63M▼ 23.7%
3.8M▲ 4.8%
5.31M▲ 39.6%
Gross Margin %83.89%89.16%72.64%-91.7%92.88%92.72%94.67%97.66%
Gross Profit Growth %-7.33%61.5%-56.05%-242.6%3639.7%19.58%-23.69%4.78%39.59%
Operating Expenses6.77M11.1M12.47M10.07M19.16M20.26M18.24M23.41M19.89M
OpEx % of Revenue5115.24%5516.24%11492.14%-441.42%395.42%465.69%582.36%365.62%
Selling, General & Admin3.95M4.32M4.28M3.33M6.87M5.51M5.04M4.76M5.48M
SG&A % of Revenue2981.44%2147.03%3942.08%-158.36%107.62%128.68%118.49%100.78%
Research & Development5.7M6.7M12.98M10.1M12.28M14.75M13.2M18.64M14.4M
R&D % of Revenue4305.52%3329.46%11961.88%-283.06%287.81%337.01%463.86%264.84%
Other Operating Expenses-241.89K0-4.79M-3.36M00000
Operating Income
-6.88M▲ 0%
-7.77M▼ 12.9%
-12.71M▼ 63.6%
-10.41M▲ 18.1%
-15.18M▼ 45.8%
-15.5M▼ 2.1%
-14.64M▲ 5.6%
-19.6M▼ 33.9%
-14.57M▲ 25.6%
Operating Margin %-5197.94%-3862.48%-11713.74%--349.77%-302.56%-373.72%-487.69%-267.96%
Operating Income Growth %19.86%-12.91%-63.62%18.09%-45.75%-2.13%5.59%-33.93%25.65%
EBITDA-6.86M-7.75M-12.68M-10.3M-15.16M-15.45M-14.6M-19.57M-14.55M
EBITDA Margin %-5181.83%-3851.64%-11686.38%--349.34%-301.51%-372.75%-486.81%-267.44%
EBITDA Growth %19.89%-12.94%-63.7%18.78%-47.16%-1.9%5.5%-34.03%25.66%
D&A (Non-Cash Add-back)21.33K21.8K29.7K112.43K18.66K54.21K37.85K35.34K28.31K
EBIT-6.88M-8.2M-12.8M-13.46M-15.18M-17.45M-14.64M-19.61M-14.66M
Net Interest Income00017.12K20.68K2.5K16.44K268.42K446.29K
Interest Income132.4K201.17K108.54K17.12K20.68K2.5K16.44K268.42K446.29K
Interest Expense000000000
Other Income/Expense-786.28K-127.86K324.64K428.68K-133.04K2.72M904.68K524.33K2.49M
Pretax Income
-7.54M▲ 0%
-8.27M▼ 9.6%
-12.34M▼ 49.3%
-10.06M▲ 18.5%
-15.31M▼ 52.2%
-12.78M▲ 16.5%
-13.7M▼ 7.2%
-19.08M▼ 39.2%
-12.08M▲ 36.7%
Pretax Margin %-5696.6%-4108.75%-11367.29%--352.78%-249.38%-349.87%-474.65%-222.1%
Income Tax660.21K-495.44K-376.03K-362.19K070.01K104.46K46.09K68.06K
Effective Tax Rate %-8.75%5.99%3.05%3.6%0%-0.55%-0.76%-0.24%-0.56%
Net Income
-7.54M▲ 0%
-8.27M▼ 9.6%
-11.96M▼ 44.7%
-10.06M▲ 15.9%
-15.31M▼ 52.2%
-12.85M▲ 16.1%
-13.81M▼ 7.5%
-19.12M▼ 38.5%
-12.15M▲ 36.5%
Net Margin %-5696.6%-4108.75%-11020.84%--352.78%-250.75%-352.54%-475.79%-223.35%
Net Income Growth %2.43%-9.59%-44.72%15.9%-52.19%16.08%-7.47%-38.51%36.48%
Net Income (Continuing)-7.54M-8.27M-12.34M-13.46M-15.31M-12.85M-13.81M-19.12M-12.15M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)
-8.46▲ 0%
-9.30▼ 9.9%
-11.64▼ 25.2%
-6.48▲ 44.3%
-5.40▲ 16.7%
-3.18▲ 41.1%
-3.42▼ 7.5%
-3.12▲ 8.8%
-1.14▲ 63.5%
EPS Growth %2.76%-9.93%-25.16%44.33%16.67%41.11%-7.55%8.77%63.46%
EPS (Basic)-8.46-9.30-11.64-6.48-5.40-3.18-3.42-3.12-1.14
Diluted Shares Outstanding889.82K889.82K1.03M1.49M2.83M4.01M4.05M6.08M10.66M
Basic Shares Outstanding889.82K888.79K1.03M1.49M2.83M4.01M4.05M6.08M10.66M
Dividend Payout Ratio---------

ATHE Balance Sheet

Alterity Therapeutics Limited (ATHE) balance sheet — assets, liabilities & shareholders' equity

Line itemJun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Jun'25
Total Current Assets25.25M18.65M19.86M13.23M33.49M41.14M27.05M19.04M45.87M
Cash & Short-Term Investments21.93M15.25M14.4M9.2M28.12M34.81M15.77M12.64M40.66M
Cash Only21.88M15.24M14.4M9.2M28.12M34.81M15.77M12.64M33.16M
Short-Term Investments43.99K9.51K0000007.5M
Accounts Receivable3.04M3.15M4.83M61.32K4.13M4.67M8.65M4.04M3.94M
Days Sales Outstanding8.37K5.72K16.24K-347.06332.65806.07367.03264.25
Inventory241.63K256.82K621.74K567.88K00000
Days Inventory Outstanding4.14K4.3K7.64K1.84K-----
Other Current Assets029010.03K2.84M160.67K66.19K56.6K40.67K41.81K
Total Non-Current Assets30.82K71.42K48.75K71.37K96.81K218.52K268.86K186.88K155.17K
Property, Plant & Equipment30.82K71.42K48.75K71.37K96.81K218.52K268.86K186.88K155.17K
Fixed Asset Turnover4.30x2.82x2.23x-44.83x23.45x14.57x21.51x35.05x
Goodwill000000000
Intangible Assets000000000
Long-Term Investments000000000
Other Non-Current Assets-30.82K-71.42K-48.75K000000
Total Assets
25.28M▲ 0%
18.73M▼ 25.9%
19.91M▲ 6.3%
13.3M▼ 33.2%
33.59M▲ 152.4%
41.36M▲ 23.2%
27.32M▼ 34.0%
19.22M▼ 29.6%
46.03M▲ 139.4%
Asset Turnover0.01x0.01x0.01x-0.13x0.12x0.14x0.21x0.12x
Asset Growth %-25.04%-25.93%6.32%-33.17%152.43%23.16%-33.96%-29.63%139.42%
Total Current Liabilities1.59M2.64M3.32M2.71M3.07M5.82M4.38M5.37M3.53M
Accounts Payable65.05K1.33M1.69M954.03K1.45M2.64M1.72M581.14K538.28K
Days Payables Outstanding1.11K22.33K20.82K3.1K1.47K2.64K2.2K989.791.54K
Short-Term Debt000000000
Deferred Revenue (Current)000-32.88K0-57.63K-107.18K00
Other Current Liabilities698.04K11.19K11.72K43.84K33.84K2.5M169.02K4.12M876.05K
Current Ratio15.88x7.06x5.98x4.88x10.92x7.07x6.17x3.54x12.98x
Quick Ratio15.72x6.96x5.79x4.67x10.92x7.07x6.17x3.54x12.98x
Cash Conversion Cycle11.39K-12.31K3.06K------
Total Non-Current Liabilities44091634.98K42.38K47.67K73.61K122.71K51.91K88.55K
Long-Term Debt000000000
Capital Lease Obligations00086837.9K59.86K103.21K51.91K88.55K
Deferred Tax Liabilities000000000
Other Non-Current Liabilities44091634.98K41.51K9.77K13.75K19.5K00
Total Liabilities1.59M2.64M3.36M2.76M3.12M5.89M4.5M5.43M3.62M
Total Debt00033.75K65.65K117.49K210.38K159.04K155.46K
Net Debt-21.88M-15.24M-14.4M-9.16M-28.05M-34.69M-15.56M-12.48M-33M
Debt / Equity---0.00x0.00x0.00x0.01x0.01x0.00x
Debt / EBITDA---------
Net Debt / EBITDA---------
Interest Coverage---------
Total Equity
23.69M▲ 0%
16.08M▼ 32.1%
16.55M▲ 2.9%
10.55M▼ 36.3%
30.47M▲ 188.9%
35.47M▲ 16.4%
22.81M▼ 35.7%
13.8M▼ 39.5%
42.4M▲ 207.3%
Equity Growth %-24.48%-32.12%2.95%-36.28%188.88%16.4%-35.68%-39.52%207.31%
Book Value per Share26.6218.0716.137.0710.778.855.642.273.98
Total Shareholders' Equity23.69M16.08M16.55M10.55M30.47M35.47M22.81M13.8M42.4M
Common Stock144.02M143.91M156.63M160.7M197.45M213.79M213.97M223.15M262.95M
Retained Earnings-122.65M-129.58M-141.24M-151.02M-169.73M-181.88M-195.13M-214.16M-225.89M
Treasury Stock000000000
Accumulated OCI2.32M1.75M1.16M866.12K2.75M3.57M3.97M4.81M5.34M
Minority Interest000000000

ATHE Cash Flow Statement

Alterity Therapeutics Limited (ATHE) cash flow — operating, investing & free cash flow history

Line itemJun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Jun'25
Cash from Operations-5.87M-6.25M-13.95M-9.43M-17.33M-12.34M-20.04M-12.61M-11.45M
Operating CF Margin %-4429.95%-3104.37%-12857.08%--399.35%-240.8%-511.6%-313.63%-210.54%
Operating CF Growth %20.94%-6.48%-123.45%32.42%-83.75%28.81%-62.4%37.08%9.16%
Net Income-7.54M-8.27M-12.34M-10.06M-15.31M-12.85M-13.81M-19.12M-12.15M
Depreciation & Amortization21.33K21.8K29.7K112.43K75.37K54.21K102.26K147.53K139.72K
Stock-Based Compensation24.46K764.54K89.14K-12.02K1.88M1.51M966.57K881.95K979.92K
Deferred Taxes631.56K-486.42K-493.02K-250.96K2.33M-1.06M2.99M00
Other Non-Cash Items24.46K764.54K89.14K-12.02K-2.1M455.57K-6.35M-261.15K190.62K
Working Capital Changes975.19K956.09K-1.33M791.13K-4.22M-447.68K-3.94M5.75M-613.68K
Change in Receivables1.75M-116.84K-1.68M4.77M-4.22M-447.68K-3.94M4.62M104.07K
Change in Inventory-4.07K18.99K-662.93K648.57K191.13K-2.21M2.45M00
Change in Payables-856.13K1.16M662.93K-648.57K432.9K2.6M-1.56M1.1M0
Cash from Investing-27.92K-18.42K-7.02K-16.74K-10.47K-89.15K-36.46K-5.72K-7.5M
Capital Expenditures-27.92K-62.41K-7.02K-16.74K-10.47K-89.15K-7.31K-5.72K0
CapEx % of Revenue21.09%31.02%6.47%-0.24%1.74%0.19%0.14%-
Acquisitions000000000
Investments---------
Other Investing043.99K0000-29.15K00
Cash from Financing-159.56K-107.68K12.72M3.98M36.69M16.3M124.34K9.22M39.67M
Debt Issued (Net)000-89.24K-58.29K-34.51K-59.92K-10.37K-127.1K
Equity Issued (Net)001000K1000K1000K1000K316.68K1000K1000K
Dividends Paid000000000
Share Repurchases000000000
Other Financing-159.56K-107.68K-362.32K-292.77K-2.49M-836.97K-132.41K-918.02K-2.77M
Net Change in Cash
-6.71M▲ 0%
-6.65M▲ 0.9%
-835.65K▲ 87.4%
-5.2M▼ 522.6%
18.92M▲ 463.6%
6.69M▼ 64.6%
-19.03M▼ 384.4%
-3.13M▲ 83.5%
20.52M▲ 754.6%
Free Cash Flow
-5.89M▲ 0%
-6.31M▼ 7.0%
-13.96M▼ 121.3%
-9.45M▲ 32.3%
-17.34M▼ 83.5%
-12.43M▲ 28.3%
-20.04M▼ 61.3%
-12.61M▲ 37.1%
-11.45M▲ 9.2%
FCF Margin %-4451.04%-3135.39%-12863.55%--399.59%-242.54%-511.78%-313.78%-210.54%
FCF Growth %20.59%-7.04%-121.35%32.33%-83.54%28.34%-61.29%37.08%9.2%
FCF per Share-6.62-7.09-13.60-6.33-6.13-3.10-4.95-2.07-1.07
FCF Conversion (FCF/Net Income)0.78x0.76x1.17x0.94x1.13x0.96x1.45x0.66x0.94x
Interest Paid000000000
Taxes Paid000000000

ATHE Key Ratios

Alterity Therapeutics Limited (ATHE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-21.93%-27.4%-41.57%-73.3%-74.23%-74.65%-38.97%-47.38%-104.47%-43.23%
Return on Invested Capital (ROIC)-184.6%-225.45%-439.72%-635.59%-441.32%-598.31%-726.68%-273.44%-343.18%-203.97%
Gross Margin84.01%83.89%89.16%72.64%-91.7%92.88%92.72%94.67%97.66%
Net Margin-5418.28%-5696.6%-4108.75%-11020.84%--352.78%-250.75%-352.54%-475.79%-223.35%
Debt / Equity----0.00x0.00x0.00x0.01x0.01x0.00x
FCF Conversion0.96x0.78x0.76x1.17x0.94x1.13x0.96x1.45x0.66x0.94x
Revenue Growth-19.33%-7.19%51.95%-46.05%-100%-18.06%-23.56%2.63%35.32%

ATHE Frequently Asked Questions

Alterity Therapeutics Limited (ATHE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Alterity Therapeutics Limited (ATHE) reported $9.5M in revenue for fiscal year 2025. This represents a 1091% increase from $0.8M in 2002.

Alterity Therapeutics Limited (ATHE) grew revenue by 35.3% over the past year. This is strong growth.

Alterity Therapeutics Limited (ATHE) reported a net loss of $31.3M for fiscal year 2025.

Dividend & Returns

Alterity Therapeutics Limited (ATHE) has a return on equity (ROE) of -43.2%. Negative ROE indicates the company is unprofitable.

Alterity Therapeutics Limited (ATHE) had negative free cash flow of $23.7M in fiscal year 2025, likely due to heavy capital investments.

Explore More ATHE

Alterity Therapeutics Limited (ATHE) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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