ALX ONCOLOGY HOLDINGS INC(ALXO)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
ALXO Stock Analysis & AI Quality Score
AI stock analysis and institutional research for ALX ONCOLOGY HOLDINGS INC (ALXO), a Healthcare sector company. ALXO is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), ALX ONCOLOGY HOLDINGS INC reports net income of $-17.9M, free cash flow of $-18.7M. Top institutional holders of ALXO by reported 13-F value include RA CAPITAL MANAGEMENT, L.P., TCG Crossover Management,, venBio Partners, based on the most recent SEC filings. ALXO trades on the Nasdaq exchange and files with the SEC under CIK 1810182. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ALXO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ALX ONCOLOGY HOLDINGS INC directly from SEC EDGAR.
Net Income
Q1 2026
$-17.9M
Free Cash Flow
Q1 2026
$-18.7M
D/E Ratio
Q1 2026
0.09
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
Net Income
+24.6% YoYOperating Income
+27.0% YoYEPS (Diluted)
+26.4% YoYTotal Assets
-60.0% YoYTotal Debt
+39.4% YoYOp. Cash Flow
+31.0% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $0.00 | $0.00 -100.0% | $1.2M |
| Net Income | $-101.7M +24.6% | $-134.8M +16.1% | $-160.8M -30.2% | $-123.5M -47.9% | $-83.5M -82.5% | $-45.7M |
| Operating Income | $-104.0M +27.0% | $-142.5M +16.3% | $-170.3M -33.6% | $-127.4M -52.5% | $-83.6M -91.4% | $-43.7M |
| EPS (Diluted) | $-1.90 +26.4% | $-2.58 +31.0% | $-3.74 -23.4% | $-3.03 -46.4% | $-2.07 +25.0% | $-2.76 |
| Total Assets | $59.0M -60.0% | $147.8M -39.1% | $242.6M -20.9% | $306.5M -19.4% | $380.2M -12.8% | $436.1M |
| Total Debt | $15.4M +39.4% | $11.0M +4.1% | $10.6M +0.0% | $10.6M | — | — |
| Operating Cash Flow | $-84.1M +31.0% | $-121.9M +6.5% | $-130.4M -46.1% | $-89.2M -31.0% | $-68.1M -77.9% | $-38.3M |
AI Insight: ALXO Financial Trends
ALX Oncology's quarterly losses improved from $39M to $18M over eight quarters, but equity swung dramatically from $26M to $151M in Q1 2026.
• Net losses steadily declined from $39M in Q2 2024 to $18M in Q1 2026, showing improving cost management.
• Operating cash flow losses narrowed from $27M in Q2 2024 to $19M in Q1 2026 despite quarterly volatility.
• Equity collapsed from $159M in Q2 2024 to $26M in Q4 2025 before jumping to $151M in Q1 2026.
⚠ Equity's dramatic $125M increase in Q1 2026 suggests potential equity raise that requires monitoring for dilution impact.
⚠ Company remains pre-revenue with consistent cash burn despite improvement trends, requiring funding runway assessment.
AI Insight: ALXO Ratio Trends
ALX Oncology's return ratios improved dramatically in Q1 2026, with ROE recovering to -47.4% from -197.7% in Q3 2025.
• ROE improved sharply from -197.7% in Q3 2025 to -47.4% in Q1 2026, the best level since Q2 2024.
• ROIC recovered to -45.9% in Q1 2026 from deeply negative levels throughout 2025.
• Debt-to-equity ratio declined to 0.09 in Q1 2026 from peak of 0.59 in Q4 2025.
⚠ All return metrics remain deeply negative despite improvement, indicating ongoing operational losses.
⚠ Debt-to-equity ratio spiked from 0.14 to 0.59 through 2025 before recent decline.
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Available Research
13F Pro tracks comprehensive data for ALX ONCOLOGY HOLDINGS INC including:
Top Institutional Holders of ALXO
RA CAPITAL MANAGEMENT, L.P.
$26.1M13,011,849 shTCG Crossover Management, LLC
$26.1M13,011,849 shvenBio Partners LLC
$25.8M12,884,638 shRedmile Group, LLC
$16.0M7,964,188 shBlackstone Inc.
$11.7M5,826,544 shDRIEHAUS CAPITAL MANAGEMENT LLC
$11.5M5,734,620 shVANGUARD CAPITAL MANAGEMENT LLC
$8.4M4,179,736 shMARSHALL WACE, LLP
$7.5M3,757,216 shVivo Capital, LLC
$6.4M3,184,713 shAlmitas Capital LLC
$6.4M3,173,834 sh
| Fund | Value | Shares |
|---|---|---|
| RA CAPITAL MANAGEMENT, L.P. | $26.1M | 13,011,849 |
| TCG Crossover Management, LLC | $26.1M | 13,011,849 |
| venBio Partners LLC | $25.8M | 12,884,638 |
| Redmile Group, LLC | $16.0M | 7,964,188 |
| Blackstone Inc. | $11.7M | 5,826,544 |
| DRIEHAUS CAPITAL MANAGEMENT LLC | $11.5M | 5,734,620 |
| VANGUARD CAPITAL MANAGEMENT LLC | $8.4M | 4,179,736 |
| MARSHALL WACE, LLP | $7.5M | 3,757,216 |
| Vivo Capital, LLC | $6.4M | 3,184,713 |
| Almitas Capital LLC | $6.4M | 3,173,834 |
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Popular Research
Is ALXO a good stock to buy?
13F Pro's AI-powered analysis of ALX ONCOLOGY HOLDINGS INC (ALXO) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ALXO are available on the ALXO stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own ALXO?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ALXO. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of ALX ONCOLOGY HOLDINGS INC's investment landscape.