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Side-by-side financial comparison of Alector, Inc. (ALEC) and Phoenix Asia Holdings Ltd (PHOE). Click either name above to swap in a different company.

Alector, Inc. is the larger business by last-quarter revenue ($6.2M vs $3.8M, roughly 1.6× Phoenix Asia Holdings Ltd).

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.

Phoenix Television is a majority state-owned television network that operates Mandarin and Cantonese-language channels serving mainland China, Hong Kong, Macau, and other regions with significant Chinese-speaking audiences. It is headquartered in Shenzhen and Hong Kong and is also registered in the Cayman Islands.

ALEC vs PHOE — Head-to-Head

Bigger by revenue
ALEC
ALEC
1.6× larger
ALEC
$6.2M
$3.8M
PHOE

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ALEC
ALEC
PHOE
PHOE
Revenue
$6.2M
$3.8M
Net Profit
$631.4K
Gross Margin
28.5%
Operating Margin
19.8%
Net Margin
16.7%
Revenue YoY
-88.5%
Net Profit YoY
-1696.9%
EPS (diluted)

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
PHOE
PHOE
Q4 25
$6.2M
Q3 25
$3.3M
$3.8M
Q2 25
$7.9M
Q1 25
$3.7M
Q4 24
$54.2M
Q3 24
$15.3M
Q2 24
$15.1M
Q1 24
$15.9M
Net Profit
ALEC
ALEC
PHOE
PHOE
Q4 25
Q3 25
$-34.7M
$631.4K
Q2 25
$-30.5M
Q1 25
$-40.5M
Q4 24
$-2.1M
Q3 24
$-42.2M
Q2 24
$-38.7M
Q1 24
$-36.1M
Gross Margin
ALEC
ALEC
PHOE
PHOE
Q4 25
Q3 25
28.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ALEC
ALEC
PHOE
PHOE
Q4 25
Q3 25
-1153.6%
19.8%
Q2 25
-433.6%
Q1 25
-1216.5%
Q4 24
-13.4%
Q3 24
-315.7%
Q2 24
-302.4%
Q1 24
-275.0%
Net Margin
ALEC
ALEC
PHOE
PHOE
Q4 25
Q3 25
-1063.4%
16.7%
Q2 25
-387.7%
Q1 25
-1101.6%
Q4 24
-3.8%
Q3 24
-275.2%
Q2 24
-256.4%
Q1 24
-227.0%
EPS (diluted)
ALEC
ALEC
PHOE
PHOE
Q4 25
Q3 25
$-0.34
Q2 25
$-0.30
Q1 25
$-0.41
Q4 24
$-0.02
Q3 24
$-0.43
Q2 24
$-0.40
Q1 24
$-0.38

Balance Sheet & Financial Strength

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

Metric
ALEC
ALEC
PHOE
PHOE
Cash + ST InvestmentsLiquidity on hand
$256.0M
$1.5M
Total DebtLower is stronger
$10.0M
Stockholders' EquityBook value
$30.6M
$7.5M
Total Assets
$293.2M
$8.7M
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALEC
ALEC
PHOE
PHOE
Q4 25
$256.0M
Q3 25
$291.1M
$1.5M
Q2 25
$307.3M
Q1 25
$354.6M
Q4 24
$413.4M
Q3 24
$457.2M
Q2 24
$503.3M
Q1 24
$562.1M
Total Debt
ALEC
ALEC
PHOE
PHOE
Q4 25
$10.0M
Q3 25
Q2 25
Q1 25
Q4 24
$10.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ALEC
ALEC
PHOE
PHOE
Q4 25
$30.6M
Q3 25
$57.7M
$7.5M
Q2 25
$71.2M
Q1 25
$94.6M
Q4 24
$126.8M
Q3 24
$118.9M
Q2 24
$150.6M
Q1 24
$178.9M
Total Assets
ALEC
ALEC
PHOE
PHOE
Q4 25
$293.2M
Q3 25
$335.3M
$8.7M
Q2 25
$356.4M
Q1 25
$408.3M
Q4 24
$468.3M
Q3 24
$516.0M
Q2 24
$570.7M
Q1 24
$635.5M
Debt / Equity
ALEC
ALEC
PHOE
PHOE
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
PHOE
PHOE
Operating Cash FlowLast quarter
$-184.0M
Free Cash FlowOCF − Capex
$-184.1M
FCF MarginFCF / Revenue
-2951.3%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-326.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALEC
ALEC
PHOE
PHOE
Q4 25
$-184.0M
Q3 25
$-32.5M
Q2 25
$-49.0M
Q1 25
$-60.8M
Q4 24
$-55.0M
Q3 24
$-50.7M
Q2 24
$-62.8M
Q1 24
$-61.3M
Free Cash Flow
ALEC
ALEC
PHOE
PHOE
Q4 25
$-184.1M
Q3 25
$-32.5M
Q2 25
$-49.1M
Q1 25
$-60.8M
Q4 24
$-55.2M
Q3 24
$-50.9M
Q2 24
$-63.1M
Q1 24
$-61.9M
FCF Margin
ALEC
ALEC
PHOE
PHOE
Q4 25
-2951.3%
Q3 25
-997.6%
Q2 25
-623.0%
Q1 25
-1655.0%
Q4 24
-101.8%
Q3 24
-332.1%
Q2 24
-418.6%
Q1 24
-389.3%
Capex Intensity
ALEC
ALEC
PHOE
PHOE
Q4 25
0.7%
Q3 25
0.3%
Q2 25
0.1%
Q1 25
0.5%
Q4 24
0.3%
Q3 24
1.4%
Q2 24
2.2%
Q1 24
3.4%

Financial Flow Comparison

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

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