ALMU Aeluma, Inc.

Overview and Growth

Aeluma, Inc. generated $4.46M of revenue in fiscal 2026, with net loss of $9.16M and an operating cash outflow of $3.27M. Revenue of $4.46M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 4.4% below fiscal 2025 revenue of $4.67M, marking a top-line contraction. The company reported diluted EPS of -$0.52, adding a shareholder-level measure to the absolute income figures considered below. Diluted shares averaged 17.67M; this is the reported share base over which the company’s diluted per-share earnings were spread. Diluted shares moved 34.2% from 13.17M in fiscal 2025, leaving the current share base higher year over year. At period end, total assets were $60.66M, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.07x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $1.57M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 35.2% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced a $10.19M operating loss before non-operating and tax effects. The operating loss equaled 228.3% of revenue, showing the scale of the operating deficit relative to sales. After all below-operating-line items, the company recorded a net loss of $9.16M for the fiscal year. Measured against revenue, the bottom-line deficit represented 205.3% after all recognized items. The company reported negative EBITDA of $9.73M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The pretax result was a loss of $9.16M, establishing the deficit before tax effects. Pretax margin was -205.3%, reflecting a pre-tax loss equal to 205.3% of revenue. The loss-to-equity relationship was 16.1%, placing the bottom-line deficit against shareholder capital. The net loss equaled 15.1% of period-end assets, showing the deficit relative to the asset base. The bottom-line deficit increased from $3.02M in fiscal 2025 to $9.16M.

Liquidity and Capital Structure

The company held $60.66M of assets against $3.73M of liabilities and $56.93M of equity, revealing how the asset base was financed. The near-term balance sheet paired $57.31M of current assets with $1.89M of current liabilities at the reporting date. The current ratio was 30.32x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $56.01M in cash and equivalents, a narrower liquidity measure than total current assets. Book equity represented 93.8% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 6.2%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 92.3% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $19.41M in fiscal 2025, the current asset base moved 212.6% and finished higher. Book equity was 218.1% higher than fiscal 2025 equity of $17.90M, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

Operating activities used $3.27M of cash, resulting in an operating cash outflow for the year. Capital expenditures used $646.00K in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. The company recorded a $3.91M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 87.7% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 6.4%. Cash absorbed by operations increased from $1.15M in fiscal 2025 to $3.27M.

Based on the annual report for the fiscal year ending Jun 30, 2026. Analysis generated Sep 24, 2026.