Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data ALUMIS INC. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2024
FY2024
FY2025
Revenue
24.1
Research and development
138
266
386
General and administrative
20.5
35.2
91.9
Operating expenses
158
301
478
Operating income
-158
-301
-454
Other non-operating income
3.18
6.52
202
Pre-tax income
-294
-252
Income tax
0
0
-8.56
Net income
-155
-294
-243
EBITDA
-157
-298
-450
EPS, basic
-72.08
-10.38
-2.86
EPS, diluted
-72.08
-10.38
-2.86
Shares, basic (weighted)
2.15
28.3
85
Shares, diluted (weighted)
2.15
28.3
85
Balance sheet
FY2024
FY2024
FY2025
Cash and equivalents
46
170
89.7
Short-term investments
2.96
119
219
Other current assets
1.63
4.5
6.74
Total current assets
53.4
306
318
Property, plant and equipment
22.4
21
18.2
Lease right-of-use assets
12.8
12.7
17
Other non-current assets
0.01
0.01
6.29
Total assets
89.6
341
412
Accounts payable
1.12
9.62
10.1
Accrued liabilities
5.59
7.77
17.8
Deferred revenue
1.46
Total current liabilities
20.9
50.9
73.3
Lease liabilities
30.9
29.2
32.2
Other non-current liabilities
0.21
Total liabilities
53.5
80.9
111
Paid-in capital
25.1
919
1,203
Retained earnings
-364
-659
-902
Other comprehensive income
0
0.04
0.19
Shareholders' equity
-339
260
301
Total equity
-339
260
301
Total liabilities and equity
89.6
341
412
Cash flow statement
FY2024
FY2024
FY2025
Net income
-155
-294
-243
Depreciation and amortization
1.28
3.15
3.5
Stock-based compensation
8.63
19.5
43.5
Deferred income tax
-8.56
Cash from operations
-130
-255
-370
Capital expenditures
-4.5
-1.73
-0.65
Purchases of investments
-11.3
-240
-209
Sales and maturities of investments
76.3
128
448
Cash from investing
60.5
-114
288
Stock issued
0.45
0.6
0.49
Share buybacks
-0.06
-0.01
-0.02
Cash from financing
89.7
492
2.07
Net change in cash
20.2
123
-79.6
Free cash flow
-134
-257
-370
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $7.10 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-6,204.0%
Operating income / revenue.
EBITDA margin
-6,158.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-5,933.0%
Net income / revenue.
FCF margin
-4,755.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-4,750.0%
Cash from operations / revenue.
Return on equity (ROE)
-97.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-78.3%
Net income / average total assets.
Return on invested capital (ROIC)
-93.3%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
4,697.0%
Research and development expense / revenue.
Stock-based pay / revenue
601.6%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
5.4%
Capital expenditures / revenue.
D&A / revenue
46.5%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
15.8%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
20.8%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
200.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
6.74x
Current assets / current liabilities.
Quick ratio
0.84x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.84x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.06
Revenue / diluted weighted shares.
FCF per share
-$2.76
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$2.75
Cash from operations / diluted weighted shares.
Book value per share
$3.54
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
124x
Market cap / revenue.
P/B
2.03x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.03x
Market cap / tangible book value, when positive.
EV/Sales
116x
Enterprise value / revenue.
FCF yield
-38.3%
Free cash flow / market cap.
Earnings yield
-47.8%
Net income / market cap (the inverse of P/E).
What was ALUMIS INC.'s revenue in fiscal 2025?
ALUMIS INC. reported revenue of $24.1M for fiscal 2025.
Was ALUMIS INC. profitable in fiscal 2025?
No. It reported a net loss of $243.3M.
How much free cash flow did ALUMIS INC. generate in fiscal 2025?
Cash from operations of $369.5M minus capital expenditures of $653.0K left free cash flow of -$370.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.