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ALMU

Aeluma, Inc.

ALMU

Aeluma, Inc. • NASDAQ
$14.02 ▲ 2.52% (+0.34)
Market Cap $198.67 M
52w High $25.88
52w Low $3.13
Dividend Yield 0%
P/E -53.92
Volume 111.33K
Outstanding Shares 14.17M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $1.385M ▲ $2.292M ▲ $-1.493M ▼ -107.798% ▼ $-0.092 ▼ $-1.391M ▼
Q4-2025 $1.317M ▲ $1.714M ▲ $-858.45K ▼ -65.193% ▼ $-0.054 ▼ $-750.717K ▲
Q3-2025 $1.255M ▼ $1.673M ▲ $1.461M ▲ 116.409% ▲ $0.12 ▲ $-831.47K ▲
Q2-2025 $1.613M ▲ $638.372K ▼ $-2.895M ▼ -179.522% ▼ $-0.24 ▼ $-2.51M ▼
Q1-2025 $480.735K $897.54K $-729.619K -151.772% $-0.06 $-484.718K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $38.147M ▲ $42.653M ▲ $1.76M ▲ $40.893M ▲
Q4-2025 $15.74M ▲ $19.406M ▲ $1.508M ▲ $17.898M ▼
Q3-2025 $3.866M ▲ $19.362M ▲ $1.365M ▼ $17.997M ▲
Q2-2025 $3.063M ▼ $6.758M ▲ $7.79M ▲ $-1.032M ▼
Q1-2025 $3.503M $6.349M $4.635M $1.714M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-1.493M ▼ $-815K ▼ $-210K ▼ $23.432M ▲ $22.407M ▲ $-1.025M ▼
Q4-2025 $-858.45K ▼ $-65.323K ▼ $-75.825K ▲ $15.561K ▼ $-125.659K ▼ $-141.148K ▼
Q3-2025 $-445.116K ▲ $427.827K ▲ $-78.634K ▼ $12.597M ▲ $12.363M ▲ $434.368K ▲
Q2-2025 $-2.895M ▼ $-400.301K ▲ $-39.16K ▼ $0 ▼ $-439.461K ▼ $-439.461K ▲
Q1-2025 $-729.619K $-931.915K $-1.637K $3.145M $2.211M $-933.552K

Five-Year Company Overview

Income Statement

Income Statement Aeluma is still in the pre-revenue stage, with no meaningful sales reported yet and ongoing losses. Those losses appear to come from building out its technology and operations rather than from any troubled legacy business. This is typical for a young deep-tech semiconductor company: the income statement is currently an R&D and overhead story, not a revenue and margin story. The key question going forward is when and how quickly its technology can start generating commercial sales to cover these ongoing costs.

Balance Sheet

Balance Sheet The balance sheet looks very small and simple, with limited assets, a thin equity base, and effectively no financial debt. That suggests a lean, early-stage operation with a modest financial cushion. The absence of debt reduces pressure from lenders, but the small scale of assets and equity also means less room to absorb setbacks. Future growth will likely depend on fresh equity capital, grants, and partnerships rather than borrowing.

Cash Flow

Cash Flow The disclosed cash flow figures are minimal, but the pattern of losses implies that operating cash flow is likely negative, driven by R&D and corporate expenses. With no revenue and modest assets, the business probably relies on external funding, contracts, and grants to support its spending. Until commercial products ramp up, cash management and access to new capital will be critical to keep development on track.

Competitive Edge

Competitive Edge Aeluma’s competitive position rests on specialized technology rather than on size or market share. It aims to bring high-performance compound semiconductors onto standard silicon wafers, which could dramatically lower costs and make advanced sensors and photonics more scalable. The company benefits from patents, government-backed projects, and partnerships with established industry players, giving it credibility and early access to demanding end markets like defense and aerospace. However, it is still a small, unproven commercial player in an industry dominated by large incumbents, so execution risk and competitive pressure remain high.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of Aeluma’s story. The company is focused on low-cost advanced infrared sensors, quantum photonic circuits, and high-speed optical interconnects, all built to be compatible with mainstream silicon manufacturing. Work with organizations such as NASA and Thorlabs signals strong technical ambition and external validation. At this stage, most of the value is in the research pipeline and proprietary processes rather than in finished, widely sold products, so R&D progress and demonstrable performance milestones are the key things to watch.

Summary

Aeluma is an early-stage semiconductor innovator with a bold technology vision but very limited current financial scale. The financial statements show a pre-revenue, loss-making business that is still building its foundation, with a light balance sheet and reliance on external funding. On the strategic side, the company has promising, differentiated technology, credible partners, and a focus on high-growth areas like advanced sensing, quantum photonics, and AI-related interconnects. The overall picture is a classic high-risk, high-uncertainty early-stage tech profile, where future outcomes will depend heavily on successful commercialization, manufacturing scale-up, and continued access to capital.

NEWS

November 18, 2025 · 7:00 AM UTC

Aeluma Joins the Midwest Microelectronics Consortium (MMEC) to Accelerate Pathway to Defense and Commercial Markets

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November 12, 2025 · 4:30 PM UTC

Aeluma Announces First Quarter Fiscal 2026 Financial Results

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October 28, 2025 · 7:00 AM UTC

Aeluma Acquires Significant Capital Equipment Assets to Accelerate Manufacturing Readiness

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October 24, 2025 · 7:00 AM UTC

Aeluma Quantum Photonics Paper Accepted to SPIE Photonics West Conference January 17 – 22, 2026 in San Francisco, California

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September 22, 2025 · 7:00 AM UTC

Aeluma Announces Closing of Oversubscribed Public Offering with $25.4 Million Gross Proceeds

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