ALMS revenueQ2 2026$1.66M
- Quarter YoY
- -37.7%
- QoQ
- -4.5%
ALMS revenue was $1.66M in fiscal Q2 2026 (ended Jun 30, 2026), down 37.7% from a year earlier and down 4.5% from the prior quarter. For the full fiscal 2025 it was $24.05M.
Alumis Inc. (ALMS) financials
For the twelve months ended Jun 30, 2026, Alumis Inc. reported $7.40M of revenue and -$438.96M of net income.
- Revenue, TTM
- $7.40M
- Net income, TTM
- -$438.96M
- Net margin
- -5933.5%
- Free cash flow, TTM
- -$351.80M
- Cash
- $63.71M
- P/S
- 105.41
- Market cap
- $779.8M
FY2023FY2025
FY2023FY2025
ALMS revenue and earnings growth
ALMS net incomeQ2 2026-$142.22M
ALMS net income was -$142.22M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $59.32M a year earlier. For the full fiscal 2025 it was -$243.32M, compared with -$294.23M in fiscal 2024.
ALMS EPSQ2 2026-$1.11
ALMS diluted EPS was -$1.11 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$2.86.
ALMS free cash flowQ2 2026-$81.74M
ALMS free cash flow was -$81.74M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$106.97M a year earlier. For the full fiscal 2025 it was -$370.18M, compared with -$256.81M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | $24.05M | - | - |
| Research and development | $386.00M | $265.55M | $137.68M |
| Selling, general and admin | $91.86M | $35.20M | $20.50M |
| Operating income | -$453.80M | -$300.75M | -$158.17M |
| Pre-tax income | -$251.89M | -$294.23M | - |
| Income tax | -$8.56M | $0 | $0 |
| Net income | -$243.32M | -$294.23M | -$154.99M |
| EPS, basic | -$2.86 | -$10.38 | -$72.08 |
| EPS, diluted | -$2.86 | -$10.38 | -$72.08 |
| Diluted shares | 85.0M | 28.3M | 2.2M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $89.67M | $170.63M | $47.13M |
| Short-term investments | $218.83M | $118.74M | $2.96M |
| Current assets | $318.23M | $306.19M | $53.36M |
| Total assets | $411.94M | $340.99M | $89.61M |
| Current liabilities | $73.32M | $50.91M | $20.87M |
| Total liabilities | $110.64M | $80.89M | $53.50M |
| Shareholders' equity | $301.30M | $260.10M | -$339.26M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | -$369.52M | -$255.08M | -$129.97M |
| Capital expenditures | $653.0K | $1.73M | $4.50M |
| Free cash flow | -$370.18M | -$256.81M | -$134.47M |
| Investing cash flow | $287.88M | -$113.79M | $60.47M |
| Financing cash flow | $2.07M | $492.37M | $89.68M |
| Share repurchases | $17.0K | $6.0K | $64.0K |
| Stock-based compensation | $43.52M | $19.46M | $8.63M |
| Depreciation and amortization | $3.50M | $3.15M | $1.28M |
Key ratios
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.66M | $1.74M | $1.93M | $2.07M | $2.67M | $17.39M | - | - | - | - | - | - |
| Research and development | $85.34M | $81.54M | $82.78M | $97.84M | $108.75M | $96.62M | $87.20M | $87.82M | $48.56M | $41.96M | $34.60M | $37.79M |
| Selling, general and admin | $23.36M | $18.61M | $15.59M | $19.52M | $34.45M | $22.30M | $11.42M | $10.57M | $7.58M | $5.63M | $5.53M | $5.97M |
| Operating income | -$148.85M | -$98.41M | -$96.44M | -$115.29M | -$140.54M | -$101.53M | -$98.62M | -$98.40M | -$56.14M | -$47.59M | -$40.13M | -$43.76M |
| Pre-tax income | -$143.98M | -$93.05M | -$92.93M | -$110.75M | $50.76M | -$98.96M | -$94.76M | -$93.12M | -$56.51M | -$49.85M | - | - |
| Income tax | -$1.76M | $0 | $0 | $0 | -$8.56M | $0 | $0 | $0 | $0 | $0 | - | - |
| Net income | -$142.22M | -$93.05M | -$92.93M | -$110.75M | $59.32M | -$98.96M | -$94.76M | -$93.12M | -$56.51M | -$49.85M | -$39.30M | -$43.38M |
| EPS, basic | -$1.11 | -$0.74 | - | -$1.06 | $0.78 | -$1.82 | - | -$1.73 | -$23.10 | -$21.03 | - | -$19.76 |
| EPS, diluted | -$1.11 | -$0.74 | - | -$1.06 | $0.77 | -$1.82 | - | -$1.73 | -$23.10 | -$21.03 | - | -$19.76 |
| Diluted shares | 127.7M | 125.1M | - | 104.1M | 76.6M | 65.4M | - | 53.8M | 2.4M | 2.4M | - | 2.2M |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $63.71M | $63.88M | $89.67M | $65.26M | $151.75M | $128.54M | $170.63M | $213.42M | $155.11M | $112.07M | $47.13M | $53.94M |
| Short-term investments | - | - | $218.83M | $312.47M | $334.57M | $80.21M | $118.74M | $148.45M | $54.42M | - | $2.96M | - |
| Current assets | $514.08M | $532.41M | $318.23M | $393.29M | $517.56M | $225.53M | $306.19M | $377.35M | $224.86M | - | $53.36M | - |
| Total assets | $560.62M | $671.59M | $411.94M | $488.01M | $610.92M | $261.30M | $340.99M | $412.56M | $265.18M | - | $89.61M | - |
| Current liabilities | $76.23M | $70.90M | $73.32M | $65.42M | $85.58M | $60.45M | $50.91M | $33.52M | $33.41M | - | $20.87M | - |
| Total liabilities | $108.46M | $104.57M | $110.64M | $103.24M | $125.60M | $92.98M | $80.89M | $64.17M | $64.70M | - | $53.50M | - |
| Shareholders' equity | $452.16M | $567.02M | $301.30M | $384.77M | $485.33M | $168.31M | $260.10M | $348.39M | -$438.75M | -$385.93M | -$339.26M | -$303.07M |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$81.50M | -$87.08M | -$71.91M | -$110.91M | -$106.35M | -$80.36M | -$74.76M | -$83.77M | -$52.29M | -$44.26M | -$33.73M | -$33.25M |
| Capital expenditures | $237.0K | $164.0K | $0 | $0 | $616.0K | $37.0K | $366.0K | $779.0K | $432.0K | $155.0K | $1.21M | $2.17M |
| Free cash flow | -$81.74M | -$87.25M | -$71.91M | -$110.91M | -$106.97M | -$80.39M | -$75.13M | -$84.55M | -$52.72M | -$44.42M | -$34.94M | -$35.41M |
| Investing cash flow | $68.69M | -$285.69M | $95.01M | $24.04M | $129.40M | $39.43M | $30.95M | -$93.19M | -$32.74M | -$18.81M | -$4.14M | $7.58M |
| Financing cash flow | $12.63M | $346.99M | $1.32M | $0 | - | - | $5.0K | $235.15M | $128.06M | $129.15M | $29.72M | $47.0K |
| Share repurchases | - | - | $0 | $0 | - | - | $0 | - | - | - | $0 | $13.0K |
| Stock-based compensation | $14.27M | $12.34M | $8.11M | $9.79M | $18.64M | $7.00M | $6.36M | $7.31M | $3.13M | $2.66M | $2.62M | $2.27M |
| Depreciation and amortization | $800.0K | $871.0K | $867.0K | $900.0K | $900.0K | $843.0K | $820.0K | $800.0K | $800.0K | $758.0K | $726.0K | $300.0K |
Key ratios
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -37.7% | -90.0% | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -8956.4% | -5652.4% | -4999.7% | -5580.4% | -5271.5% | -583.9% | - | - | - | - | - | - |
| Net margin | -8557.2% | -5344.8% | -4817.6% | -5360.7% | 2225.1% | -569.1% | - | - | - | - | - | - |
| Free cash flow margin | -4918.0% | -5011.3% | -3727.7% | -5368.3% | -4012.3% | -462.3% | - | - | - | - | - | - |
| Current ratio | 6.74 | 7.51 | 4.34 | 6.01 | 6.05 | 3.73 | 6.01 | 11.26 | 6.73 | - | 2.56 | - |
Source: XBRL data Alumis Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
ALMS peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| ALMS | $7.40M | - | -$438.96M | -5933.5% | $779.8M |
| LLY | $86.46B | +45.5% | $27.58B | 31.9% | $1.27T |
| JNJ | $99.33B | +7.8% | $16.09B | 16.2% | $664.95B |
| ABBV | $66.01B | +10.7% | $10.34B | 15.7% | $514.92B |
| MRK | $67.38B | +4.9% | $2.45B | 3.6% | $361.71B |
| NVS | $54.53B | +8.4% | $13.98B | 25.6% | $310.17B |
| AZN | $58.74B | +8.6% | $10.22B | 17.4% | $289.10B |
| ABT | $48.23B | +10.0% | $4.70B | 9.7% | $190.39B |
| NVO | DKK 309.06B | +6.4% | DKK 102.43B | 33.1% | $178.51B |
ALMS FAQ
6 questionsWhat is ALMS revenue?
Alumis Inc. (ALMS) reported $7.40M of revenue for the twelve months ended Jun 30, 2026. Revenue for fiscal 2025 was $24.05M.Is ALMS profitable?
No. Alumis Inc. reported a net loss of $438.96M for the twelve months ended Jun 30, 2026.How much cash and debt does ALMS have?
Alumis Inc. reported $63.71M in cash and cash equivalents on its most recent balance sheet in SEC filings.What is ALMS free cash flow?
Alumis Inc. generated -$351.80M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$351.40M less capital expenditures.When did ALMS last report financial results?
The latest statements here come from Alumis Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.Where does this ALMS financial data come from?
Quantisnow builds these statements from the structured XBRL data Alumis Inc. files with the SEC. It is provided for information only and is not investment advice.