Tearsheet

Aeluma (ALMU)


Market Price (10/31/2025): $15.58 | Market Cap: $246.4 Mil
Sector: Information Technology | Industry: Semiconductors

Aeluma (ALMU)


Market Price (10/31/2025): $15.58
Market Cap: $246.4 Mil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 408%
  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -2.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -46%
1   Expensive valuation multiples
P/SPrice/Sales ratio is 53x
2   Stock price has recently run up significantly
12M Rtn12 month market price return is 407%
3   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -28%
4   Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 61%
5   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.5%
6   High stock price volatility
Vol 12M is 136%
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 408%
1 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -2.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -46%
2 Expensive valuation multiples
P/SPrice/Sales ratio is 53x
3 Stock price has recently run up significantly
12M Rtn12 month market price return is 407%
4 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -28%
5 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 61%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.5%
7 High stock price volatility
Vol 12M is 136%

Market Valuation & Key Metrics

ALMU Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
ALMU Return---38%164%104%649%
Peers Return46%17%-5%13%-4%5%85%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
ALMU Win Rate--0%50%67%67% 
Peers Win Rate52%42%32%42%35%38% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
ALMU Max Drawdown----4%-13%-23% 
Peers Max Drawdown-27%-12%-30%-12%-16%-25% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: QCOM, FSLR, SLAB, POWI, AMBQ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

Unique KeyEventALMUS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-49.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven98.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven391 days464 days

Compare to QCOM, FSLR, SLAB, POWI, AMBQ


In The Past

Aeluma's stock fell -49.7% during the 2022 Inflation Shock from a high on 5/15/2023. A -49.7% loss requires a 98.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Aeluma (ALMU)

Better Bets than Aeluma (ALMU)

Trade Ideas

Select past ideas related to ALMU. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-4.2%-4.2%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
6.1%6.1%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
18.8%18.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
3.7%3.7%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-10.5%-10.5%-10.5%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-4.2%-4.2%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
6.1%6.1%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
18.8%18.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
3.7%3.7%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-10.5%-10.5%-10.5%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Aeluma

Financials

ALMUQCOMFSLRSLABPOWIAMBQMedian
NameAeluma Qualcomm First So.Silicon .Power In.Ambiq Mi. 
Mkt Price15.58177.26233.58131.7440.8729.7286.31
Mkt Cap0.2193.625.04.32.3-4.3
Rev LTM543,2574,25770344269573
Op Inc LTM-212,0191,373-11321-389
FCF LTM-111,622-9767583-2137
FCF 3Y Avg-310,351-548-972--3
CFO LTM-112,66334295103-1699
CFO 3Y Avg-311,6547411292-92

Growth & Margins

ALMUQCOMFSLRSLABPOWIAMBQMedian
NameAeluma Qualcomm First So.Silicon .Power In.Ambiq Mi. 
Rev Chg LTM407.6%15.8%19.4%29.7%7.2%-19.4%
Rev Chg 3Y Avg-1.4%19.8%-0.9%-13.6%-0.2%
Rev Chg Q370.8%10.3%6.4%32.7%9.1%-10.3%
QoQ Delta Rev Chg LTM28.6%2.3%1.2%7.2%2.2%-2.3%
Op Mgn LTM-45.9%27.8%32.3%-16.1%4.7%-54.6%-5.7%
Op Mgn 3Y Avg-1,130.7%26.5%18.7%-12.7%8.8%-8.8%
QoQ Delta Op Mgn LTM13.7%0.6%-0.9%5.0%-0.9%-0.6%
CFO/Rev LTM-24.6%29.3%8.0%13.5%23.3%-22.6%10.8%
CFO/Rev 3Y Avg-760.7%29.4%22.8%0.5%20.2%-20.2%
FCF/Rev LTM-28.1%26.9%-22.9%10.7%18.7%-29.7%-6.1%
FCF/Rev 3Y Avg-889.5%26.1%-14.2%-2.2%15.7%--2.2%

Valuation

ALMUQCOMFSLRSLABPOWIAMBQMedian
NameAeluma Qualcomm First So.Silicon .Power In.Ambiq Mi. 
Mkt Cap0.2193.625.04.32.3-4.3
P/S52.84.55.96.15.2-5.9
P/EBIT-106.814.917.8-43.4110.2-14.9
P/E-81.516.719.8-41.268.5-16.7
P/CFO-214.615.373.145.422.3-22.3
Total Yield-1.2%7.9%5.1%-2.4%3.5%-3.5%
Dividend Yield0.0%2.0%0.0%0.0%2.0%-0.0%
FCF Yield 3Y Avg-7.0%5.8%-2.8%-0.4%1.8%--0.4%
D/E0.00.10.00.00.0-0.0
Net D/E-0.10.0-0.0-0.1-0.1--0.1

Returns

ALMUQCOMFSLRSLABPOWIAMBQMedian
NameAeluma Qualcomm First So.Silicon .Power In.Ambiq Mi. 
1M Rtn-3.2%6.6%5.9%0.5%1.6%-0.7%1.1%
3M Rtn-29.6%21.5%33.7%-0.0%-15.4%-32.2%-7.7%
6M Rtn30.9%32.6%84.5%27.4%-16.3%-30.9%
12M Rtn407.5%8.1%18.3%17.8%-34.2%-17.8%
3Y Rtn-61.5%60.5%14.6%-36.5%-37.5%
1M Excs Rtn-11.0%4.8%2.2%-0.9%3.7%-2.2%0.7%
3M Excs Rtn-34.5%10.9%17.6%-7.1%-23.2%-34.1%-15.1%
6M Excs Rtn9.2%10.9%62.8%5.6%-38.0%-9.2%
12M Excs Rtn483.8%-11.9%-3.2%-2.7%-53.1%--3.2%
3Y Excs Rtn--17.4%6.9%-67.5%-113.3%--42.4%

Financials

Price Behavior

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity941,268
Short Interest: % Change Since 9302025-14.8%
Average Daily Volume416,799
Days-to-Cover Short Interest2.26
Basic Shares Quantity15,814,528
Short % of Basic Shares6.0%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/9/2025-27.5%-6.0%-1.9%
5/7/20257.2%2.3%61.6%
2/10/2025-6.0%-2.2%-6.7%
9/25/20241.6%8.2%-1.0%
5/10/20246.9%29.0%25.7%
2/12/2024-5.8%-11.6%-3.1%
11/9/20234.0%-13.4%-8.0%
SUMMARY STATS   
# Positive432
# Negative345
Median Positive5.5%8.2%43.7%
Median Negative-6.0%-8.8%-3.1%
Max Positive7.2%29.0%61.6%
Max Negative-27.5%-13.4%-8.0%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025909202510-K 6/30/2025
3312025509202510-Q 3/31/2025
12312024211202510-Q 12/31/2024
93020241108202410-Q 9/30/2024
6302024927202410-K 6/30/2024
3312024510202410-Q 3/31/2024
12312023212202410-Q 12/31/2023
93020231109202310-Q 9/30/2023
6302023925202310-K 6/30/2023
3312023515202310-Q 3/31/2023
12312022213202310-Q 12/31/2022
93020221114202210-Q 9/30/2022
6302022928202210-K 6/30/2022
3312022516202210-Q 3/31/2022
12312021215202210-Q 12/31/2021
93020211115202110-Q 9/30/2021

Insider Activity

Expand for More