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Side-by-side financial comparison of Alector, Inc. (ALEC) and Navitas Semiconductor Corp (NVTS). Click either name above to swap in a different company.

Navitas Semiconductor Corp is the larger business by last-quarter revenue ($7.3M vs $6.2M, roughly 1.2× Alector, Inc.). On growth, Navitas Semiconductor Corp posted the faster year-over-year revenue change (-59.4% vs -88.5%). Navitas Semiconductor Corp produced more free cash flow last quarter ($-8.2M vs $-184.1M). Over the past eight quarters, Alector, Inc.'s revenue compounded faster (-37.4% CAGR vs -43.9%).

Alector, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative immunotherapies for neurodegenerative diseases. Its product pipeline targets unmet medical needs including Alzheimer’s disease, frontotemporal dementia, and Parkinson’s disease, and it collaborates with global pharmaceutical partners to advance candidate therapies through clinical trials.

Navitas Semiconductor Corp is a leading global semiconductor firm specializing in gallium nitride (GaN) power integrated circuits. Its high-efficiency, compact power solutions serve consumer electronics, electric vehicles, renewable energy, and industrial sectors, with clients spanning North America, Asia, and Europe.

ALEC vs NVTS — Head-to-Head

Bigger by revenue
NVTS
NVTS
1.2× larger
NVTS
$7.3M
$6.2M
ALEC
Growing faster (revenue YoY)
NVTS
NVTS
+29.1% gap
NVTS
-59.4%
-88.5%
ALEC
More free cash flow
NVTS
NVTS
$175.9M more FCF
NVTS
$-8.2M
$-184.1M
ALEC
Faster 2-yr revenue CAGR
ALEC
ALEC
Annualised
ALEC
-37.4%
-43.9%
NVTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALEC
ALEC
NVTS
NVTS
Revenue
$6.2M
$7.3M
Net Profit
$-31.8M
Gross Margin
38.1%
Operating Margin
-567.3%
Net Margin
-436.1%
Revenue YoY
-88.5%
-59.4%
Net Profit YoY
-1696.9%
20.2%
EPS (diluted)
$-0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALEC
ALEC
NVTS
NVTS
Q4 25
$6.2M
$7.3M
Q3 25
$3.3M
$10.1M
Q2 25
$7.9M
$14.5M
Q1 25
$3.7M
$14.0M
Q4 24
$54.2M
$18.0M
Q3 24
$15.3M
$21.7M
Q2 24
$15.1M
$20.5M
Q1 24
$15.9M
$23.2M
Net Profit
ALEC
ALEC
NVTS
NVTS
Q4 25
$-31.8M
Q3 25
$-34.7M
$-19.2M
Q2 25
$-30.5M
$-49.1M
Q1 25
$-40.5M
$-16.8M
Q4 24
$-2.1M
$-39.9M
Q3 24
$-42.2M
$-18.7M
Q2 24
$-38.7M
$-22.3M
Q1 24
$-36.1M
$-3.7M
Gross Margin
ALEC
ALEC
NVTS
NVTS
Q4 25
38.1%
Q3 25
37.9%
Q2 25
16.1%
Q1 25
37.9%
Q4 24
12.4%
Q3 24
39.7%
Q2 24
39.0%
Q1 24
41.1%
Operating Margin
ALEC
ALEC
NVTS
NVTS
Q4 25
-567.3%
Q3 25
-1153.6%
-192.0%
Q2 25
-433.6%
-149.4%
Q1 25
-1216.5%
-180.5%
Q4 24
-13.4%
-216.9%
Q3 24
-315.7%
-133.6%
Q2 24
-302.4%
-152.1%
Q1 24
-275.0%
-136.2%
Net Margin
ALEC
ALEC
NVTS
NVTS
Q4 25
-436.1%
Q3 25
-1063.4%
-190.2%
Q2 25
-387.7%
-338.7%
Q1 25
-1101.6%
-120.1%
Q4 24
-3.8%
-221.7%
Q3 24
-275.2%
-86.4%
Q2 24
-256.4%
-109.1%
Q1 24
-227.0%
-15.9%
EPS (diluted)
ALEC
ALEC
NVTS
NVTS
Q4 25
$-0.14
Q3 25
$-0.34
$-0.09
Q2 25
$-0.30
$-0.25
Q1 25
$-0.41
$-0.09
Q4 24
$-0.02
$-0.22
Q3 24
$-0.43
$-0.10
Q2 24
$-0.40
$-0.12
Q1 24
$-0.38
$-0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALEC
ALEC
NVTS
NVTS
Cash + ST InvestmentsLiquidity on hand
$256.0M
$236.9M
Total DebtLower is stronger
$10.0M
Stockholders' EquityBook value
$30.6M
$443.7M
Total Assets
$293.2M
$500.5M
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALEC
ALEC
NVTS
NVTS
Q4 25
$256.0M
$236.9M
Q3 25
$291.1M
$150.6M
Q2 25
$307.3M
$161.2M
Q1 25
$354.6M
$75.1M
Q4 24
$413.4M
$86.7M
Q3 24
$457.2M
$98.3M
Q2 24
$503.3M
$111.7M
Q1 24
$562.1M
$128.9M
Total Debt
ALEC
ALEC
NVTS
NVTS
Q4 25
$10.0M
Q3 25
Q2 25
Q1 25
Q4 24
$10.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ALEC
ALEC
NVTS
NVTS
Q4 25
$30.6M
$443.7M
Q3 25
$57.7M
$371.0M
Q2 25
$71.2M
$388.9M
Q1 25
$94.6M
$341.8M
Q4 24
$126.8M
$348.0M
Q3 24
$118.9M
$380.8M
Q2 24
$150.6M
$388.1M
Q1 24
$178.9M
$397.9M
Total Assets
ALEC
ALEC
NVTS
NVTS
Q4 25
$293.2M
$500.5M
Q3 25
$335.3M
$430.2M
Q2 25
$356.4M
$449.4M
Q1 25
$408.3M
$370.8M
Q4 24
$468.3M
$390.0M
Q3 24
$516.0M
$419.4M
Q2 24
$570.7M
$439.1M
Q1 24
$635.5M
$467.9M
Debt / Equity
ALEC
ALEC
NVTS
NVTS
Q4 25
0.33×
Q3 25
Q2 25
Q1 25
Q4 24
0.08×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALEC
ALEC
NVTS
NVTS
Operating Cash FlowLast quarter
$-184.0M
$-8.1M
Free Cash FlowOCF − Capex
$-184.1M
$-8.2M
FCF MarginFCF / Revenue
-2951.3%
-111.8%
Capex IntensityCapex / Revenue
0.7%
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-326.5M
$-44.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALEC
ALEC
NVTS
NVTS
Q4 25
$-184.0M
$-8.1M
Q3 25
$-32.5M
$-10.0M
Q2 25
$-49.0M
$-11.2M
Q1 25
$-60.8M
$-13.5M
Q4 24
$-55.0M
$-10.2M
Q3 24
$-50.7M
$-13.7M
Q2 24
$-62.8M
$-15.1M
Q1 24
$-61.3M
$-19.8M
Free Cash Flow
ALEC
ALEC
NVTS
NVTS
Q4 25
$-184.1M
$-8.2M
Q3 25
$-32.5M
$-10.7M
Q2 25
$-49.1M
$-11.9M
Q1 25
$-60.8M
$-13.6M
Q4 24
$-55.2M
$-10.8M
Q3 24
$-50.9M
$-14.3M
Q2 24
$-63.1M
$-17.9M
Q1 24
$-61.9M
$-22.7M
FCF Margin
ALEC
ALEC
NVTS
NVTS
Q4 25
-2951.3%
-111.8%
Q3 25
-997.6%
-106.1%
Q2 25
-623.0%
-82.2%
Q1 25
-1655.0%
-96.8%
Q4 24
-101.8%
-59.8%
Q3 24
-332.1%
-65.9%
Q2 24
-418.6%
-87.3%
Q1 24
-389.3%
-97.9%
Capex Intensity
ALEC
ALEC
NVTS
NVTS
Q4 25
0.7%
0.7%
Q3 25
0.3%
7.0%
Q2 25
0.1%
4.7%
Q1 25
0.5%
0.3%
Q4 24
0.3%
3.1%
Q3 24
1.4%
2.6%
Q2 24
2.2%
13.4%
Q1 24
3.4%
12.5%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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