ALMS - Alumis Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$29.57
DETAILS
HIGH:
$40.00
LOW:
$15.00
MEDIAN:
$29.00
CONSENSUS:
$29.57
UPSIDE:
383.17%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 1.7 | 1.7 | 1.9 | 2.1 | 2.7 | 17.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 0 | 0.9 | 0 | 0 | 0 | 0 | 0.8 | 0 | 0 | 0.8 | 0 | 0 | 0 | 0 |
| Gross Profit | 1.7 | 0.9 | 1.9 | 2.1 | 2.7 | 17.4 | (0.8) | 0 | 0 | (0.8) | 0 | 0 | 0 | 0 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 85.3 | 80.7 | 82.8 | 97.8 | 108.8 | 96.6 | 86.4 | 87.8 | 48.6 | 41.2 | 34.6 | 37.8 | 32.8 | 32.4 |
| SG&A Expenses | 23.4 | 18.6 | 15.6 | 19.5 | 21.4 | 22.3 | 11.4 | 10.6 | 7.6 | 5.6 | 5.5 | 6.0 | 4.8 | 4.2 |
| Other Expenses | 41.8 | 0 | 0 | 0 | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 150.5 | 99.3 | 98.4 | 117.4 | 143.2 | 118.9 | 97.8 | 98.4 | 56.1 | 46.8 | 40.1 | 43.8 | 37.6 | 36.7 |
| Operating Income | ||||||||||||||
| Operating Income | (148.9) | (98.4) | (96.4) | (115.3) | (140.5) | (101.5) | (98.6) | (98.4) | (56.1) | (47.6) | (40.1) | (43.8) | (37.6) | (36.7) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 4.9 | 5.3 | 3.5 | 4.6 | 3.4 | 2.6 | 3.9 | 5.3 | 2.0 | 0.9 | 0.9 | 1.0 | 0.9 | 0.6 |
| Profitability | ||||||||||||||
| EBITDA | (147.9) | (92.2) | (92.1) | (109.8) | (120.0) | (98.1) | (93.9) | (92.3) | (55.7) | (49.1) | (38.6) | (43.1) | (36.2) | (35.9) |
| EBIT | (148.8) | (93.1) | (92.9) | (110.8) | (120.8) | (99.0) | (94.8) | (93.1) | (56.5) | (49.8) | (39.3) | (43.4) | (36.3) | (36.0) |
| Income Before Tax | (144.0) | (93.1) | (92.9) | (110.8) | 50.8 | (99.0) | (94.8) | (93.1) | (56.5) | (49.8) | (39.3) | (43.4) | (36.3) | (36.0) |
| Income Tax Expense | (1.8) | 0 | 0 | 0 | (8.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (142.2) | (93.1) | (92.9) | (110.8) | 59.3 | (99.0) | (94.8) | (93.1) | (56.5) | (49.8) | (39.3) | (43.4) | (36.3) | (36.0) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | -1.11 | -0.74 | -0.89 | -1.06 | 0.78 | -1.82 | -1.74 | -1.73 | -1.04 | -0.96 | -0.76 | -1.13 | -0.70 | -0.69 |
| EPS (Diluted) | -1.11 | -0.74 | -0.89 | -1.06 | 0.77 | -1.82 | -1.74 | -1.73 | -1.04 | -0.96 | -0.76 | -1.13 | -0.70 | -0.69 |
| Shares Outstanding | 127.7 | 125.1 | 104.7 | 104.1 | 76.5 | 54.3 | 53.8 | 53.8 | 54.4 | 51.8 | 51.8 | 38.4 | 51.8 | 51.8 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 63.7 | 63.9 | 89.7 | 65.3 | 151.8 | 128.5 | 169.5 | 213.4 | 155.1 | 112.1 | 46.0 |
| Short-Term Investments | 438.6 | 459.1 | 218.8 | 312.5 | 334.6 | 80.2 | 118.7 | 148.5 | 54.4 | 21.7 | 3.0 |
| Net Receivables | 3.9 | 2.7 | 2.1 | 3.6 | 7.9 | 1.3 | 1.8 | 1.1 | 0.9 | 0.6 | 0.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 7.9 | 6.7 | 7.6 | 1.0 | 23.4 | 0.5 | 0.8 | 0.3 | 0.4 | 0.1 | 0.2 |
| Total Current Assets | 514.1 | 532.4 | 318.2 | 393.3 | 517.6 | 225.5 | 306.2 | 377.3 | 224.9 | 141.2 | 53.4 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 34.1 | 33.5 | 35.2 | 36.6 | 38.6 | 34.6 | 33.7 | 34.2 | 34.9 | 34.9 | 35.2 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 9.1 | 51.0 | 51.0 | 51.0 | 51.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 1.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 3.3 | 54.7 | 7.6 | 5.8 | 3.9 | 1.2 | 1.1 | 1.0 | 5.4 | 1.3 | 1.0 |
| Total Non-Current Assets | 46.5 | 139.2 | 93.7 | 94.7 | 93.4 | 35.8 | 34.8 | 35.2 | 40.3 | 36.1 | 36.3 |
| Total Assets | 560.6 | 671.6 | 411.9 | 488.0 | 610.9 | 261.3 | 341.0 | 412.6 | 265.2 | 177.4 | 89.6 |
| Current Liabilities | |||||||||||
| Account Payables | 12.8 | 11.6 | 10.1 | 4.6 | 15.0 | 7.5 | 9.6 | 6.4 | 9.2 | 6.8 | 1.1 |
| Short-Term Debt | 0 | 4.4 | 4.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 6.7 | 6.3 | 1.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 51.9 | 48.5 | 57.1 | 44.3 | 12.8 | 3.7 | 7.8 | 5.4 | 3.4 | 1.6 | 5.6 |
| Total Current Liabilities | 76.2 | 70.9 | 73.3 | 65.4 | 85.6 | 60.5 | 50.9 | 33.5 | 33.4 | 24.0 | 20.9 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0.4 | 2.1 | 2.1 | 2.1 | 2.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.2 | 0.3 | 0.3 | 0.4 | 0.6 | 0.6 | 0.8 | 1.0 | 640.5 | 508.9 | 377.1 |
| Total Non-Current Liabilities | 32.2 | 33.7 | 37.3 | 37.8 | 40.0 | 32.5 | 30.0 | 30.7 | 670.5 | 539.3 | 408.0 |
| Total Liabilities | 108.5 | 104.6 | 110.6 | 103.2 | 125.6 | 93.0 | 80.9 | 64.2 | 703.9 | 563.3 | 428.9 |
| Stockholders' Equity | |||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (1,137.2) | (994.9) | (901.9) | (808.9) | (698.2) | (757.5) | (658.6) | (563.8) | (470.7) | (414.2) | (364.3) |
| Accumulated Other Comprehensive Income | (0.7) | (0.5) | 0.2 | 0.2 | 0.0 | (0.0) | 0.0 | 0.1 | (0.0) | (0.0) | 0.0 |
| Total Stockholders' Equity | 452.2 | 567.0 | 301.3 | 384.8 | 485.3 | 168.3 | 260.1 | 348.4 | (438.8) | (385.9) | (339.3) |
| Total Liabilities & Equity | 560.6 | 671.6 | 411.9 | 488.0 | 610.9 | 261.3 | 341.0 | 412.6 | 265.2 | 177.4 | 89.6 |
| Debt Metrics | |||||||||||
| Total Debt | 36.4 | 35.7 | 36.9 | 37.8 | 38.8 | 31.9 | 30.7 | 31.1 | 31.6 | 32.1 | 32.6 |
| Net Debt | (27.3) | (28.2) | (52.8) | (27.5) | (113.0) | (96.7) | (138.8) | (182.3) | (123.5) | (80.0) | (13.4) |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | (142.2) | (93.1) | (92.9) | (110.8) | 59.3 | (99.0) | (94.8) | (93.1) | (56.5) | (49.8) | (39.3) | (43.4) | (36.3) | (36.0) |
| Depreciation & Amortization | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 | 0.3 | 0.1 | 0.1 |
| Stock-Based Compensation | 14.3 | 12.3 | 0 | 9.8 | 18.6 | 7.0 | 6.4 | 7.3 | 3.1 | 2.7 | 2.6 | 2.3 | 1.9 | 1.8 |
| Change in Working Capital | 8.5 | (6.3) | 21.5 | (10.2) | 3.5 | 11.5 | 14.5 | 2.7 | (1.5) | (0.9) | 1.7 | 5.7 | 5.8 | (1.1) |
| Other Non-Cash Items | 38.8 | (0.9) | 7.2 | (0.7) | (188.7) | (0.7) | (1.7) | (1.5) | 1.9 | 3.1 | 0.6 | 1.9 | 0.1 | 0.5 |
| Operating Cash Flow | (81.5) | (87.1) | (71.9) | (110.9) | (106.4) | (80.4) | (74.8) | (83.8) | (52.3) | (44.3) | (33.7) | (33.2) | (28.3) | (34.7) |
| Investing Activities | ||||||||||||||
| Capital Expenditure | (0.2) | (0.2) | 0 | 0 | (0.6) | (0.0) | (0.4) | (0.8) | (0.4) | (0.2) | (1.2) | (2.2) | (0.8) | (0.3) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (39.7) | (428.4) | (47.5) | (137.1) | 0 | (24.5) | (54.7) | (126.4) | (39.3) | (19.7) | (2.9) | (0.0) | (3.5) | (4.9) |
| Sales/Maturities of Investments | 108.6 | 142.9 | 142.5 | 161.1 | 80.3 | 64 | 86 | 34 | 7 | 1 | 0 | 9.8 | 30.2 | 36.2 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 49.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | 68.7 | (285.7) | 95.0 | 24.0 | 129.4 | 39.4 | 30.9 | (93.2) | (32.7) | (18.8) | (4.1) | 7.6 | 26.0 | 31.1 |
| Financing Activities | ||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0.0 | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | 0 | (0.1) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | (0.0) | 0 | 0 | 0 | 41.8 | (1.3) | 0.0 | (0.3) | 0 | 0.2 | 0 |
| Financing Cash Flow | 12.6 | 347.0 | 1.3 | 0 | 0.7 | 0 | 0.0 | 235.2 | 128.1 | 129.1 | 29.7 | 0.0 | 60.0 | (0.1) |
| Cash Position | ||||||||||||||
| Net Change in Cash | (0.2) | (25.8) | 24.5 | (86.9) | 23.6 | (41.0) | (43.9) | 58.2 | 43.0 | 66.1 | (8.1) | (25.6) | 57.6 | (3.7) |
| Cash at Beginning | 65.3 | 89.8 | 65.3 | 153.5 | 128.5 | 169.5 | 213.4 | 156.2 | 113.2 | 47.1 | 55.3 | 80.9 | 23.3 | 27.0 |
| Cash at End | 65.1 | 64.0 | 89.8 | 66.6 | 152.1 | 128.5 | 169.5 | 214.4 | 156.2 | 113.2 | 47.1 | 55.3 | 80.9 | 23.3 |
| Free Cash Flow | (81.7) | (87.2) | (71.9) | (110.9) | (107.0) | (80.4) | (75.1) | (84.5) | (52.7) | (44.4) | (34.9) | (35.4) | (29.2) | (35.0) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 1.7 | 1.7 | 1.9 | 2.1 | 2.7 | 17.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 1.7 | 0.9 | 1.9 | 2.1 | 2.7 | 17.4 | (0.8) | 0 | 0 | (0.8) | 0 | 0 | 0 | 0 |
| Operating Income | (148.9) | (98.4) | (96.4) | (115.3) | (140.5) | (101.5) | (98.6) | (98.4) | (56.1) | (47.6) | (40.1) | (43.8) | (37.6) | (36.7) |
| Net Income | (142.2) | (93.1) | (92.9) | (110.8) | 59.3 | (99.0) | (94.8) | (93.1) | (56.5) | (49.8) | (39.3) | (43.4) | (36.3) | (36.0) |
| EPS (Diluted) | -1.11 | -0.74 | -0.89 | -1.06 | 0.77 | -1.82 | -1.74 | -1.73 | -1.04 | -0.96 | -0.76 | -1.13 | -0.70 | -0.69 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 63.7 | 63.9 | 89.7 | 65.3 | 151.8 | 128.5 | 169.5 | 213.4 | 155.1 | 112.1 | 46.0 | |||
| Total Assets | 560.6 | 671.6 | 411.9 | 488.0 | 610.9 | 261.3 | 341.0 | 412.6 | 265.2 | 177.4 | 89.6 | |||
| Total Debt | 36.4 | 35.7 | 36.9 | 37.8 | 38.8 | 31.9 | 30.7 | 31.1 | 31.6 | 32.1 | 32.6 | |||
| Stockholders' Equity | 452.2 | 567.0 | 301.3 | 384.8 | 485.3 | 168.3 | 260.1 | 348.4 | (438.8) | (385.9) | (339.3) | |||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | (81.5) | (87.1) | (71.9) | (110.9) | (106.4) | (80.4) | (74.8) | (83.8) | (52.3) | (44.3) | (33.7) | (33.2) | (28.3) | (34.7) |
| Capital Expenditure | (0.2) | (0.2) | 0 | 0 | (0.6) | (0.0) | (0.4) | (0.8) | (0.4) | (0.2) | (1.2) | (2.2) | (0.8) | (0.3) |
| Free Cash Flow | (81.7) | (87.2) | (71.9) | (110.9) | (107.0) | (80.4) | (75.1) | (84.5) | (52.7) | (44.4) | (34.9) | (35.4) | (29.2) | (35.0) |