Aeluma, Inc. (ALMU) AI Stock Analysis

• Market Cap: $265.55M
• Dividend Yield: N/A
• Average Volume (3M): 314.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: 307.44%
• EPS Growth: 14.77%
• Country: US
• Employees: 11
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.03
• Shares Outstanding: 17,857,862
• 10 Day Avg. Volume: 411,430
• 30 Day Avg. Volume: 314,908
• PEG Ratio: 1.89
• Price to Book (P/B): 12.04
• Price to Sales (P/S): 46.21
• P/FCF Ratio: -164.68
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 42.22
• Enterprise Value/Gross Profit: 71.28
• Enterprise Value/Ebitda: -42.89
• 1Y Price Target: $25.50
• Price Target Upside: 71.37% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -0.19
• Revenue Forecast (FY): $5.52M

• Rating: 55 Neutral
• Price Target: $16.50 ▲(10.89% Upside)

Aeluma, Inc. benefits from strong revenue growth and recent successful corporate events, including a Nasdaq IPO and capital raises. However, the company's financial performance is hindered by negative profitability and cash flow challenges. Technical indicators suggest moderate bullish momentum, but valuation metrics are weak due to a negative P/E ratio and lack of dividends.

Positive Factors

Intellectual Property Expansion

Expanding the patent portfolio strengthens Aeluma's competitive edge and supports its strategy to build an intellectual property moat, enhancing long-term market position.

Revenue Growth

Significant revenue growth indicates successful market penetration and product adoption, supporting long-term business expansion and financial health.

Successful Capital Raises

The successful capital raises provide Aeluma with the financial resources to invest in growth opportunities and enhance operational capabilities, supporting future expansion.

Negative Factors

Profitability Challenges

Ongoing profitability challenges may hinder Aeluma's ability to reinvest in growth and compete effectively, impacting long-term financial sustainability.

Cash Flow Issues

Negative operating cash flow indicates difficulties in generating cash from operations, which can constrain financial flexibility and growth investments.

Operational Inefficiencies

Operational inefficiencies, as indicated by a negative EBITDA margin, could limit Aeluma's ability to scale efficiently and maintain competitive margins.

Aeluma, Inc. Business Overview & Revenue Model

Company Description

Aeluma, Inc. (ALMU) is a technology-driven company focused on developing innovative solutions in the fields of artificial intelligence and machine learning. Operating primarily in the software and data analytics sectors, Aeluma specializes in creating advanced algorithms and platforms that enhance business decision-making processes across various industries, including finance, healthcare, and logistics. The company is committed to harnessing the power of data to deliver actionable insights and improve operational efficiencies for its clients.

How the Company Makes Money

Aeluma, Inc. generates revenue through a combination of subscription-based software services, licensing of its proprietary technology, and consulting services. The primary revenue stream comes from subscription fees charged to businesses that utilize its AI and machine learning platforms for data analytics. Additionally, Aeluma earns income through licensing agreements with other companies that wish to integrate its technology into their own products. The company also offers consulting services, helping clients implement AI solutions tailored to their specific needs, which contributes to its revenue. Strategic partnerships with technology firms and industry leaders further bolster its earnings by expanding market reach and enhancing product offerings.

Aeluma, Inc. Financial Statement Overview

Summary

Aeluma, Inc. shows strong revenue growth but struggles with profitability, as evidenced by negative net profit and EBIT margins. The balance sheet is stable with low leverage, but the company faces challenges in generating returns on equity and converting income into cash.

Income Statement

Aeluma, Inc. shows a significant revenue growth rate of 28.6% in the latest period, indicating strong top-line expansion. However, the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin is relatively healthy at 59.6%, but the negative EBITDA margin highlights operational inefficiencies.

Balance Sheet

The company's balance sheet reflects a low debt-to-equity ratio of 0.05, suggesting conservative leverage. However, the return on equity is negative, indicating that the company is not generating profits from its equity base. The equity ratio is strong, showing that a significant portion of the company's assets is financed by equity.

Cash Flow

Aeluma, Inc. has a negative operating cash flow, which raises concerns about its ability to generate cash from operations. The free cash flow to net income ratio is positive, suggesting some level of cash efficiency despite the negative free cash flow growth rate. The operating cash flow to net income ratio is negative, indicating challenges in converting income into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.57M	4.67M	918.55K	193.34K	0.00	0.00
Gross Profit	3.30M	2.78M	299.31K	83.94K	0.00	0.00
EBITDA	-5.48M	-1.89M	-4.25M	-5.30M	-3.63M	-11.67K
Net Income	-3.79M	-3.02M	-4.56M	-5.38M	-3.45M	-13.47K
Balance Sheet
Total Assets	42.65M	19.41M	3.84M	7.16M	5.93M	154.19K
Cash, Cash Equivalents and Short-Term Investments	38.15M	15.74M	1.29M	5.07M	3.74M	38.30K
Total Debt	1.18M	941.00K	1.07M	458.66K	615.69K	0.00
Total Liabilities	1.76M	1.51M	1.57M	1.05M	831.14K	147.91K
Stockholders Equity	40.89M	17.90M	2.28M	6.11M	5.10M	6.28K
Cash Flow
Free Cash Flow	-1.17M	-1.31M	-3.78M	-4.31M	-3.21M	-107.61K
Operating Cash Flow	-852.80K	-1.15M	-3.45M	-3.64M	-2.25M	-1.38K
Investing Cash Flow	-403.62K	-161.00K	-321.84K	-672.54K	-955.67K	-106.23K
Financing Cash Flow	36.05M	15.76M	-4.00K	5.64M	161.93K	145.70K

Aeluma, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 14.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALMU, the sentiment is Negative. The current price of 14.88 is below the 20-day moving average (MA) of 15.45, below the 50-day MA of 15.38, and above the 200-day MA of 14.80, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 47.04 is Neutral, neither overbought nor oversold. The STOCH value of 16.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ALMU.

Aeluma, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NVEC	68 Neutral	$315.82M	22.30	22.20%	6.13%	-9.48%	-14.28%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AXTI	61 Neutral	$709.60M	-27.77	-12.00%	―	-4.54%	-119.39%
ALMU	55 Neutral	$265.55M	-54.47	-17.77%	―	307.44%	14.77%
MRAM	54 Neutral	$210.28M	-375.20	-0.91%	―	-0.41%	-134.49%
VLN	51 Neutral	$149.45M	-4.84	-23.56%	―	7.53%	-15.00%
ATOM	41 Neutral	$70.97M	-3.35	-116.86%	―	-94.26%	3.20%

Aeluma, Inc. Corporate Events

Aeluma, Inc. Reports FY2025 Results and Nasdaq IPO

Aeluma, Inc. announced its FY2025 results on September 9, 2025, highlighting significant financial and operational achievements, including a Nasdaq IPO and capital raises totaling $39.2 million. The company reported a revenue increase to $4.7 million from $0.9 million in FY24, secured six R&D contracts, and engaged with 20 active customers. Aeluma also unveiled a scalable manufacturing process applicable to quantum computing and communication systems, positioning itself for growth in multiple high-growth markets.

Aeluma, Inc. Director Terminates Stock Trading Plan

On June 23, 2025, Aeluma, Inc. director Mr. Steven DenBaars adopted a Rule 10b5-1 trading plan to sell up to 130,000 shares of the company’s common stock. However, on September 16, 2025, Mr. DenBaars terminated the plan, resulting in no sales being made under this arrangement.

Aeluma, Inc. Completes Successful Public Stock Offering

On September 17, 2025, Aeluma, Inc. entered into an underwriting agreement with Craig-Hallum Capital Group LLC for a public offering of 1,700,000 shares of its common stock at $13.00 per share, which closed on September 19, 2025. The company raised approximately $23.4 million from the offering, which will be used to expand business development efforts, advance manufacturing processes, and for general business purposes, thereby potentially strengthening its market position and operational capabilities.