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Side-by-side financial comparison of Avalo Therapeutics, Inc. (AVTX) and Alaunos Therapeutics, Inc. (TCRT). Click either name above to swap in a different company.

Over the past eight quarters, Alaunos Therapeutics, Inc.'s revenue compounded faster (73.2% CAGR vs -100.0%).

Avalo Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted novel therapies for patients living with rare, severe immunological and fibrotic diseases with high unmet medical needs. Its product pipeline includes multiple preclinical and clinical-stage candidates targeting core disease pathways, with primary operations across North America and Europe.

Alaunos Therapeutics, Inc. is a clinical-stage biotechnology company that develops novel T cell receptor (TCR) immunotherapies for the treatment of hard-to-treat solid tumors. The firm focuses on advancing precision oncology candidates targeting shared tumor antigens, serving global oncology patient populations via internal R&D and cross-sector partnerships.

AVTX vs TCRT — Head-to-Head

Bigger by revenue
TCRT
TCRT
Infinity× larger
TCRT
$3.0K
$0
AVTX
Faster 2-yr revenue CAGR
TCRT
TCRT
Annualised
TCRT
73.2%
-100.0%
AVTX

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AVTX
AVTX
TCRT
TCRT
Revenue
$0
$3.0K
Net Profit
$-30.6M
Gross Margin
Operating Margin
Net Margin
Revenue YoY
-40.0%
Net Profit YoY
-232.9%
-20.5%
EPS (diluted)
$-2.19

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
AVTX
AVTX
TCRT
TCRT
Q4 25
$3.0K
Q3 25
$0
$0
Q2 25
$0
Q1 25
$2.0K
Q4 24
$192.0K
$5.0K
Q3 24
$249.0K
$0
Q2 24
$0
$4.0K
Q1 24
$0
$1.0K
Net Profit
AVTX
AVTX
TCRT
TCRT
Q4 25
Q3 25
$-30.6M
$-1.2M
Q2 25
$-1.1M
Q1 25
$-1.1M
Q4 24
Q3 24
$23.0M
$-1.1M
Q2 24
$98.5M
$-1.1M
Q1 24
$-121.3M
$-1.7M
Operating Margin
AVTX
AVTX
TCRT
TCRT
Q4 25
Q3 25
Q2 25
Q1 25
-54600.0%
Q4 24
Q3 24
-5165.1%
Q2 24
-29150.0%
Q1 24
-174200.0%
Net Margin
AVTX
AVTX
TCRT
TCRT
Q4 25
Q3 25
Q2 25
Q1 25
-53650.0%
Q4 24
Q3 24
9251.8%
Q2 24
-28225.0%
Q1 24
-168200.0%
EPS (diluted)
AVTX
AVTX
TCRT
TCRT
Q4 25
Q3 25
$-2.19
$-0.55
Q2 25
$-0.63
Q1 25
$-0.67
Q4 24
Q3 24
$-2.83
$-0.70
Q2 24
$-14.07
$-0.71
Q1 24
$-141.14
$-1.05

Balance Sheet & Financial Strength

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

Metric
AVTX
AVTX
TCRT
TCRT
Cash + ST InvestmentsLiquidity on hand
$111.6M
$1.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$91.5M
$2.2M
Total Assets
$125.1M
$3.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVTX
AVTX
TCRT
TCRT
Q4 25
$1.4M
Q3 25
$111.6M
$1.9M
Q2 25
$2.9M
Q1 25
$319.0K
Q4 24
$134.5M
$1.1M
Q3 24
$81.9M
$1.7M
Q2 24
$93.4M
$2.5M
Q1 24
$110.2M
$4.1M
Stockholders' Equity
AVTX
AVTX
TCRT
TCRT
Q4 25
$2.2M
Q3 25
$91.5M
$2.8M
Q2 25
$3.7M
Q1 25
$1.1M
Q4 24
$133.0M
$2.1M
Q3 24
$21.1M
$2.7M
Q2 24
$-13.6M
$3.8M
Q1 24
$-112.5M
$4.8M
Total Assets
AVTX
AVTX
TCRT
TCRT
Q4 25
$3.0M
Q3 25
$125.1M
$3.7M
Q2 25
$4.7M
Q1 25
$2.1M
Q4 24
$150.7M
$2.8M
Q3 24
$98.5M
$3.5M
Q2 24
$108.3M
$4.7M
Q1 24
$123.7M
$6.0M

Cash Flow & Capital Efficiency

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

Metric
AVTX
AVTX
TCRT
TCRT
Operating Cash FlowLast quarter
$-16.4M
$-2.9M
Free Cash FlowOCF − Capex
$-3.0M
FCF MarginFCF / Revenue
-98900.0%
Capex IntensityCapex / Revenue
3266.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVTX
AVTX
TCRT
TCRT
Q4 25
$-2.9M
Q3 25
$-16.4M
$-844.0K
Q2 25
$-701.0K
Q1 25
$-772.0K
Q4 24
$-49.1M
$-5.0M
Q3 24
$-11.5M
$-781.0K
Q2 24
$-16.3M
$-1.7M
Q1 24
$-6.2M
$-1.9M
Free Cash Flow
AVTX
AVTX
TCRT
TCRT
Q4 25
$-3.0M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
AVTX
AVTX
TCRT
TCRT
Q4 25
-98900.0%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
AVTX
AVTX
TCRT
TCRT
Q4 25
3266.7%
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
AVTX
AVTX
TCRT
TCRT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.50×
Q2 24
-0.17×
Q1 24

Financial Flow Comparison

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

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