Amylyx Pharmaceuticals, Inc. AMLX
Amylyx Pharmaceuticals, Inc. (also referred to as Amylyx, we, our or us) is a clinical-stage pharmaceutical company with a mission to develop and advance novel therapies for communities with high unmet medical needs. We have preclinical and clinical development programs underway in endocrine conditions and neurodegenerative diseases. We are advancing a pipeline in which we have matched investigational therapies with diseases for which we believe these therapies can make the greatest impact, based on well-defined mechanistic rationales, clear clinical outcomes and biomarkers, and rigorous preclinical data, agnostic of modality. Our current pipeline is represented in the table below.
Our lead investigational asset is avexitide, a first-in-class glucagon-like peptide-1, or GLP-1, receptor antagonist. Avexitide has been evaluated as a treatment for PBH and congenital hyperinsulinism, or Congenital HI, two indications characterized by hyperinsulinemic hypoglycemia. The U.S. Food and Drug Administration, or the FDA, has granted avexitide Breakthrough Therapy Designation for both PBH and HI, Rare Pediatric Disease Designation in Congenital HI, and Orphan Drug Designation for the treatment of hyperinsulinemic hypoglycemia.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $87.4M | $380.8M | $22.2M | $285.0K | — |
| Cost of revenue | $0 | $6.0M | $25.4M | $3.0M | — | — |
| Gross profit | $0 | $81.4M | $355.3M | $19.2M | — | — |
| R&D | $90.4M | $104.1M | $128.2M | $93.5M | $44.0M | — |
| SG&A | $62.9M | $114.3M | $188.4M | $127.1M | $38.9M | — |
| Total operating expenses | $153.3M | $402.1M | $342.0M | $223.6M | $83.0M | — |
| Operating income | -$153.3M | -$314.7M | $38.8M | -$201.3M | -$82.7M | — |
| Pre-tax income | -$144.7M | -$302.1M | $54.3M | -$197.6M | -$87.9M | — |
| Income tax | $46.0K | $393.0K | $5.0M | $774.0K | — | — |
| Net income | -$144.7M | -$301.7M | $49.3M | -$198.4M | -$87.9M | — |
| EPS, basic | -1.53 | -4.43 | 0.73 | -3.39 | -13.35 | — |
| EPS, diluted | -1.53 | -4.43 | 0.70 | -3.39 | -13.35 | — |
| Shares, diluted (wtd. avg.) | $94.6M | $68.1M | $70.0M | $58.5M | $6.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $226.7M | $77.4M | $170.2M | $62.5M | $50.2M | — |
| Short-term investments | $90.3M | $99.1M | $201.2M | $284.4M | $45.9M | — |
| Receivables | $88.0K | $447.0K | $40.0M | $15.3M | — | — |
| Inventory | — | — | $38.3M | $9.8M | — | — |
| Total current assets | $323.7M | $189.4M | $464.7M | $382.1M | $105.0M | — |
| Property, plant and equipment | $310.0K | $961.0K | $2.7M | $2.6M | $474.0K | — |
| Total assets | $332.6M | $193.6M | $517.5M | $391.5M | $105.6M | — |
| Accounts payable | $3.5M | $2.9M | $22.1M | $6.3M | $4.4M | — |
| Total current liabilities | $22.7M | $28.4M | $82.0M | $46.6M | $17.4M | — |
| Total liabilities | $27.4M | $28.9M | $84.0M | $50.8M | $17.4M | — |
| Retained earnings | -$751.4M | -$606.7M | -$304.9M | -$354.2M | -$155.8M | — |
| Total equity | $305.3M | $164.8M | $433.4M | $340.6M | -$151.2M | -$66.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$123.3M | -$167.6M | $11.9M | -$179.9M | -$74.8M | — |
| Depreciation and amortisation | $525.0K | $904.0K | $1.1M | $487.0K | $52.0K | — |
| Stock-based compensation | $27.6M | $33.0M | $37.2M | $21.7M | $3.1M | — |
| Capital expenditure | $138.0K | $157.0K | $1.2M | $2.5M | $353.0K | — |
| Investing cash flow | $14.0M | $75.7M | $92.1M | -$239.0M | -$46.4M | — |
| Financing cash flow | $257.0M | $348.0K | $3.5M | $431.8M | $158.5M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-171800.
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| AKTX | Akari Therapeutics Plc | $1.79T | — | — |
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| PFE | PFIZER INC | $162.16B | 20.9x | -1.6% |