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ATHEAlterity Therapeutics Limited
$4.88$88M
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ATHE logoAlterity Therapeutics Limited(ATHE)Earnings, Financials & Key Ratios

ATHE•NASDAQ
Price updated Jun 19, 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%

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 83 (top 17%)

✗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.

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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
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PRTA logoPRTAProthena Corporation plcDirect Competitor467.51M8.93-1.97-92.84%-260.92%-49.88%0.05
ACAD logoACADACADIA Pharmaceuticals Inc.Direct Competitor3.7B21.629.4411.87%34.3%35.65%0.04
SAVA logoSAVACassava Sciences, Inc.Direct Competitor63.77M1.32-2.54-95.77%
AVXL logoAVXLAnavex Life Sciences Corp.Direct Competitor252.99M2.73-5.06-38.76%
IONS logoIONSIonis Pharmaceuticals, Inc.Product Competitor12.25B74.12-31.1433.87%-30.87%-58.57%5.35
BIIB logoBIIBBiogen Inc.Product Competitor29.02B196.5822.261.39%13.92%7.55%0.38
RARE logoRAREUltragenyx Pharmaceutical Inc.Product Competitor2.7B27.44-4.7120.13%-91.03%-6.08%
PTCT logoPTCTPTC Therapeutics, Inc.Product Competitor6.55B78.9810.15114.51%-22.58%

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
MetricJun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Jun'25
Sales/Revenue
132.4K201.17K108.54K04.34M5.12M3.92M4.02M5.44M
Revenue Growth %
-7.19%51.95%-46.05%-100%-18.06%-23.56%2.63%35.32%
Cost of Goods Sold
21.33K21.8K29.7K112.43K360.03K364.67K285.07K214.3K127.52K
COGS % of Revenue
16.11%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 Expenses
6.77M11.1M12.47M10.07M19.16M20.26M18.24M23.41M19.89M
OpEx % of Revenue
5115.24%5516.24%11492.14%-441.42%395.42%465.69%582.36%365.62%
Selling, General & Admin
3.95M4.32M4.28M3.33M6.87M5.51M5.04M4.76M5.48M
SG&A % of Revenue
2981.44%2147.03%3942.08%-158.36%107.62%128.68%118.49%100.78%
Research & Development
5.7M6.7M12.98M10.1M12.28M14.75M13.2M18.64M14.4M
R&D % of Revenue
4305.52%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 Income
00017.12K20.68K2.5K16.44K268.42K446.29K
Interest Income
132.4K201.17K108.54K17.12K20.68K2.5K16.44K268.42K446.29K
Interest Expense
000000000
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 Tax
660.21K-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 Operations
000000000
Minority Interest
000000000
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 Outstanding
889.82K889.82K1.03M1.49M2.83M4.01M4.05M6.08M10.66M
Basic Shares Outstanding
889.82K888.79K1.03M1.49M2.83M4.01M4.05M6.08M10.66M
Dividend Payout Ratio
---------

ATHE Balance Sheet

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

MetricJun'17Jun'18Jun'19Jun'20Jun'21Jun'22Jun'23Jun'24Jun'25
Total Current Assets
25.25M18.65M19.86M13.23M33.49M41.14M27.05M19.04M45.87M
Cash & Short-Term Investments
21.93M15.25M14.4M9.2M28.12M34.81M15.77M12.64M40.66M
Cash Only
21.88M15.24M14.4M9.2M28.12M34.81M15.77M12.64M33.16M
Short-Term Investments
43.99K9.51K0000007.5M
Accounts Receivable
3.04M3.15M4.83M61.32K4.13M4.67M8.65M4.04M3.94M
Days Sales Outstanding
8.37K5.72K16.24K-347.06332.65806.07367.03264.25
Inventory
241.63K256.82K621.74K567.88K00000
Days Inventory Outstanding
4.14K4.3K7.64K1.84K-----
Other Current Assets
029010.03K2.84M160.67K66.19K56.6K40.67K41.81K
Total Non-Current Assets
30.82K71.42K48.75K71.37K96.81K218.52K268.86K186.88K155.17K
Property, Plant & Equipment
30.82K71.42K48.75K71.37K96.81K218.52K268.86K186.88K155.17K
Fixed Asset Turnover
4.30x2.82x2.23x-44.83x23.45x14.57x21.51x35.05x
Goodwill
000000000
Intangible Assets
000000000
Long-Term Investments
000000000
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 Turnover
0.01x0.01x0.01x-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 Liabilities
1.59M2.64M3.32M2.71M3.07M5.82M4.38M5.37M3.53M
Accounts Payable
65.05K1.33M1.69M954.03K1.45M2.64M1.72M581.14K538.28K
Days Payables Outstanding
1.11K22.33K20.82K3.1K1.47K2.64K2.2K989.791.54K
Short-Term Debt
000000000
Deferred Revenue (Current)
000-32.88K0-57.63K-107.18K00
Other Current Liabilities
698.04K11.19K11.72K43.84K33.84K2.5M169.02K4.12M876.05K
Current Ratio
15.88x7.06x5.98x4.88x10.92x7.07x6.17x3.54x12.98x
Quick Ratio
15.72x6.96x5.79x4.67x10.92x7.07x6.17x3.54x12.98x
Cash Conversion Cycle
11.39K-12.31K3.06K------
Total Non-Current Liabilities
44091634.98K42.38K47.67K73.61K122.71K51.91K88.55K
Long-Term Debt
000000000
Capital Lease Obligations
00086837.9K59.86K103.21K51.91K88.55K
Deferred Tax Liabilities
000000000
Other Non-Current Liabilities
44091634.98K41.51K9.77K13.75K19.5K00
Total Liabilities
1.59M2.64M3.36M2.76M3.12M5.89M4.5M5.43M3.62M
Total Debt
00033.75K65.65K117.49K210.38K159.04K155.46K
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 Share
26.6218.0716.137.0710.778.855.642.273.98
Total Shareholders' Equity
23.69M16.08M16.55M10.55M30.47M35.47M22.81M13.8M42.4M
Common Stock
144.02M143.91M156.63M160.7M197.45M213.79M213.97M223.15M262.95M
Retained Earnings
-122.65M-129.58M-141.24M-151.02M-169.73M-181.88M-195.13M-214.16M-225.89M
Treasury Stock
000000000
Accumulated OCI
2.32M1.75M1.16M866.12K2.75M3.57M3.97M4.81M5.34M
Minority Interest
000000000

ATHE Cash Flow Statement

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

MetricJun'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 & Amortization
21.33K21.8K29.7K112.43K75.37K54.21K102.26K147.53K139.72K
Stock-Based Compensation
24.46K764.54K89.14K-12.02K1.88M1.51M966.57K881.95K979.92K
Deferred Taxes
631.56K-486.42K-493.02K-250.96K2.33M-1.06M2.99M00
Other Non-Cash Items
24.46K764.54K89.14K-12.02K-2.1M455.57K-6.35M-261.15K190.62K
Working Capital Changes
975.19K956.09K-1.33M791.13K-4.22M-447.68K-3.94M5.75M-613.68K
Change in Receivables
1.75M-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 Revenue
21.09%31.02%6.47%-0.24%1.74%0.19%0.14%-
Acquisitions
000000000
Investments
---------
Other Investing
043.99K0000-29.15K00
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 Paid
000000000
Share Repurchases
000000000
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 Paid
000000000
Taxes Paid
000000000

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 Margin
84.01%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 Conversion
0.96x0.78x0.76x1.17x0.94x1.13x0.96x1.45x0.66x0.94x
Revenue Growth
-19.33%-7.19%51.95%-46.05%-100%-18.06%-23.56%2.63%35.32%
Related:ATHE Dividend History·ATHE Revenue History·ATHE Price History·ATHE P/E History·ATHE Financial Ratios·ATHE Institutional Holders

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.

What if you invested $1,000 in ATHE back in 2002?

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