Aeluma (ALMU) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Aeluma

NasdaqCM•Technology•Semiconductors

$13.47+0.17(0.01%)Market open

Market Cap

$240.22M

P/S

46.2x

P/B

6.0x

Aeluma, Inc. develops optoelectronic and electronic devices for sensing, communication, and computing applications in the United States. The company produces semiconductor materials and chips using compound semiconductors on diameter substrates that are used to manufacture mass market microelectronics. Its products are used in mobile, automotive, AI, defense and aerospace, communication, AR/VR, high-performance commuting, and quantum computing applications, as well as other electronic and optoelectronic devices, including lasers, transistors, and solar cells. Aeluma, Inc. was founded in 2019 and is headquartered in Goleta, California.

How this company scores

AverageMetricSide Score: 42/100

Strongest: Growth (16/25); weakest: Cash & Earnings Quality (3/25).

Profitability8/25

Growth16/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality3/25

Strengths

Growing revenueLong cash runwayInterest easily coveredConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 46.2x5y range 24.8x – 185.2x

Currently near its 12-quarter median.

P/B · 6.0x5y range 1.6x – 22.5x

Currently near its 17-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $240.22M

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $5.20M
Q. Revenue: $1.22M
TTM EBITDA: $-6.35M
TTM Op. Income: $-6.78M
Q. Op. Income: $-2.13M
TTM Net Income: $-6.00M
Q. Net Income: $-1.80M
EPS: $-0.1
Shares Out.: $18.06M

$5.20M in TTM revenue grew 43.2% YoY, reaching $1.22M last quarter. TTM EBITDA of $-6.35M and TTM operating income of $-6.78M show growth is flowing through to the bottom line. However, net income is negative at $6.00M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: -164.5%
Op. Margin: -173.9%
Net Margin: -147.3%

Op. margin of -173.9% is down 107.6% YoY — costs are rising relative to revenue. Net margin at -147.3% Across the last 8 quarters, operating margin has fallen for 5 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 46.2x
P/B Ratio: 6.0x

P/S of 46.2x and P/B of 6.0x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $42.52M
Cash: $37.78M
Long-Term Debt: N/A
Book Value: $40.09M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-577,000
TTM Free Cash Flow: $-2.22M
FCF Margin: -42.8%
FCF / Net Income: 0.4

TTM FCF of $-2.22M on $-577,000 in operating cash flow. The FCF / Net Income ratio of 0.4x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 27% — a weakening trend.