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ANNA

AleAnna, Inc.

ANNA

AleAnna, Inc. • NASDAQ
$3.38 ▲ 9.03% (+0.28)
Market Cap $137.43 M
52w High $18.70
52w Low $3.06
Dividend Yield 0%
P/E -17.79
Volume 2.90K
Outstanding Shares 40.66M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $11.225M ▲ $3.341M ▲ $5.319M ▲ 47.383% ▲ $0.08 ▲ $6.458M ▲
Q2-2025 $4.03M ▲ $2.916M ▼ $348.943K ▲ 8.658% ▲ $0.009 ▲ $812.733K ▲
Q1-2025 $644.6K ▼ $3.358M ▼ $-2.006M ▲ -311.222% ▲ $-0.05 ▲ $-3.552M ▼
Q4-2024 $771.702K ▲ $9.917M ▲ $-9.022M ▼ -1.169K% ▼ $-0.28 ▲ $-1.476M ▼
Q3-2024 $648.328K $2.603M $-2.148M -331.388% $-8.06 $-1.421M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $31.199M ▲ $100.06M ▲ $41.726M ▲ $35.157M ▲
Q2-2025 $22.811M ▼ $89.852M ▲ $37.553M ▲ $31.851M ▲
Q1-2025 $27.81M ▼ $81.992M ▼ $34.147M ▲ $28.842M ▼
Q4-2024 $28.33M ▼ $83.087M ▼ $33.318M ▼ $29.878M ▼
Q3-2024 $43.37M $94.27M $34.818M $59.025M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $5.319M ▲ $8.971M ▲ $-878.961K ▲ $0 ▼ $8.389M ▲ $7.752M ▲
Q2-2025 $644.663K ▲ $-700.041K ▲ $-2.158M ▼ $867.399K ▲ $-3.828M ▼ $-2.858M ▲
Q1-2025 $-3.339M ▲ $-1.86M ▲ $-1.219M ▲ $276.253K ▲ $-519.999K ▲ $-3.079M ▲
Q4-2024 $-9.11M ▼ $-9.977M ▼ $-4.516M ▲ $6.468K ▲ $-15.04M ▼ $-14.494M ▼
Q3-2024 $-2.148M $-2.22M $-8.87M $0 $-10.973M $-11.09M

Five-Year Company Overview

Income Statement

Income Statement AleAnna is still effectively pre‑revenue in the reported period, with no meaningful sales yet showing up in the accounts. The income statement mainly reflects operating and administrative costs associated with building out the business and being a public company. Losses are small in absolute terms but have been consistent, and per‑share losses have grown as the company ramps up. Overall, this looks like a classic early‑stage energy developer: spending first, with commercial revenues expected to come later if projects execute as planned.

Balance Sheet

Balance Sheet The balance sheet is very small but relatively clean. Assets are modest and largely made up of cash and early project value, reflecting a company still in build‑out mode. There is no financial debt reported, which reduces balance‑sheet risk but also highlights reliance on equity and future cash generation to fund growth. Shareholders’ equity has moved from slightly negative to positive, suggesting recent capital injections or restructuring, yet the overall capital base remains thin, leaving limited cushion if projects are delayed or cost more than expected.

Cash Flow

Cash Flow Cash flows are negative across operations and investments, which fits an early‑stage growth profile. The business is using cash to cover operating expenses and to fund initial project spending, rather than generating cash from customers. Free cash flow is clearly negative, meaning the company depends on external funding or future project cash flows to sustain and scale its activities. The key question going forward is whether and how quickly producing gas fields and RNG projects can turn this cash burn into self‑funded growth.

Competitive Edge

Competitive Edge AleAnna’s edge is its tight focus on Italy, especially the Po Valley, combined with long experience navigating local regulations. A deep permit portfolio, existing infrastructure in the region, and strong ties with Italian authorities create meaningful barriers for new entrants. The dual strategy—traditional natural gas plus renewable natural gas—gives the company exposure to both energy security and decarbonization trends. However, the small size of the company, its concentration in a single country, and competition from much larger energy players mean its position is promising but still fragile and execution‑dependent.

Innovation and R&D

Innovation and R&D The company leans heavily on technology rather than lab‑style R&D. It uses advanced seismic imaging, data analytics, and AI to improve drilling success and field performance, while in RNG it applies modern digestion and gas‑upgrading technologies to squeeze more value from agricultural waste. Much of the innovation is about integrating proven tools in a focused geography and scaling a large pipeline of RNG projects. The opportunity is significant, but success depends on disciplined project selection, cost control, and the ability to secure incentives, permits, and financing at each step.

Summary

AleAnna is an early‑stage, Italy‑focused energy developer balancing conventional natural gas with renewable natural gas. Financially, it is still in the pre‑scale phase: no meaningful revenue yet, modest but persistent losses, negative cash flow, and a very small but debt‑free balance sheet. Strategically, its strengths are regulatory experience, local partnerships, and a sizeable project pipeline in both gas and RNG, aligned with Europe’s push for energy security and lower emissions. The main uncertainties are execution, permitting, financing, and the timing and reliability of future project cash flows. The story is less about current financial strength and more about the company’s ability to turn a targeted, technology‑enabled strategy in Italy into a sustainable, cash‑generating business over time.