Tearsheet

Allurion Technologies (ALUR)


Market Price (12/17/2025): $1.52 | Market Cap: $11.8 Mil
Sector: Health Care | Industry: Life Sciences Tools & Services

Allurion Technologies (ALUR)


Market Price (12/17/2025): $1.52
Market Cap: $11.8 Mil
Sector: Health Care
Industry: Life Sciences Tools & Services

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 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, Digital Health & Telemedicine, and Aging Population & Chronic Disease. Themes include Weight Management Solutions, Show more.
Weak multi-year price returns
2Y Excs Rtn is -141%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -41 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -238%
1   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -50%, Rev Chg QQuarterly Revenue Change % is -50%
2   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -340%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -346%
3   Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 71%
4   High stock price volatility
Vol 12M is 1818%
5   Key risks
ALUR key risks include [1] securing critical FDA approval for its products, Show more.
0 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, Digital Health & Telemedicine, and Aging Population & Chronic Disease. Themes include Weight Management Solutions, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -141%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -41 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -238%
3 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -50%, Rev Chg QQuarterly Revenue Change % is -50%
4 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -340%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -346%
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 71%
6 High stock price volatility
Vol 12M is 1818%
7 Key risks
ALUR key risks include [1] securing critical FDA approval for its products, Show more.

Valuation, Metrics & Events

ALUR Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

1. Allurion Technologies reported a significant 50% year-over-year decrease in its Q3 2025 revenue, falling to $2.7 million from $5.4 million in the same period last year. This decline was primarily attributed to distributor transitions and reduced sales and marketing investments.

2. The company experienced a compression in its gross profit and margin in Q3 2025. Gross profit decreased to $1.3 million, and the gross margin fell to 49% from 58% in Q3 2024, mainly due to lower sales and reduced production volumes.

3. Allurion Technologies continued to incur substantial operating losses, reporting $9.6 million in Q3 2025. Despite narrowing the operating loss, expenses remained high relative to the company's revenue base.

4. The company implemented a restructuring in Q3 2025, which included a 65% workforce reduction, and announced a strategic pivot to refocus on certain weight loss solutions. These initiatives, while potentially beneficial long-term, imply near-term operational disruption and market volatility.

5. Allurion secured a $5 million private placement financing at $1.67 per share in November 2025. While this strengthened the company's financial position and aimed to eliminate outstanding debt, the pricing of the shares at $1.67 could have been perceived as a lower valuation or a signal of potential dilution to existing shareholders, especially if the stock was trading at a higher price previously.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
ALUR Return-100%258%
Peers Return13%24%0%23%28%24%173%
S&P 500 Return16%27%-19%24%23%14%108%

Monthly Win Rates [3]
ALUR Win Rate50%25%33% 
Peers Win Rate50%52%55%52%60%63% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
ALUR Max Drawdown-100%-3% 
Peers Max Drawdown-30%-7%-23%-11%-3%-8% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: BSX, MDT, JNJ, ISRG, LLY.
[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 12/17/2025 (YTD)

How Low Can It Go

ALUR has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

Unique KeyEventXLVS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-16.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven19.1%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven599 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-28.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven40.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven116 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-15.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven18.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven326 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-40.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven68.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1100 days1480 days

Compare to


In The Past

SPDR Select Sector Fund's stock fell -16.1% during the 2022 Inflation Shock from a high on 4/8/2022. A -16.1% loss requires a 19.1% 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 Allurion Technologies (ALUR)

Better Bets than Allurion Technologies (ALUR)

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

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

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CRL_11142025_Dip_Buyer_FCFYield11142025CRLCharles River Laboratories InternationalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
16.3%16.3%-3.7%
GDRX_11142025_Dip_Buyer_High_CFO_Margins_ExInd_DE11142025GDRXGoodRxDip 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
-7.1%-7.1%-11.8%
ASTH_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025ASTHAstrana HealthDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
3.6%3.6%-5.5%
SGRY_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025SGRYSurgery PartnersDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
1.6%1.6%-1.4%
TFX_11072025_Dip_Buyer_FCFYield11072025TFXTeleflexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
14.1%14.1%-5.1%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CRL_11142025_Dip_Buyer_FCFYield11142025CRLCharles River Laboratories InternationalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
16.3%16.3%-3.7%
GDRX_11142025_Dip_Buyer_High_CFO_Margins_ExInd_DE11142025GDRXGoodRxDip 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
-7.1%-7.1%-11.8%
ASTH_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025ASTHAstrana HealthDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
3.6%3.6%-5.5%
SGRY_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025SGRYSurgery PartnersDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
1.6%1.6%-1.4%
TFX_11072025_Dip_Buyer_FCFYield11072025TFXTeleflexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
14.1%14.1%-5.1%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Allurion Technologies

Peers to compare with:

Financials

ALURBSXMDTJNJISRGLLYMedian
NameAllurion.Boston S.MedtronicJohnson .Intuitiv.Eli Lilly 
Mkt Price1.5194.5598.39210.56557.211,041.56154.47
Mkt Cap0.0140.1126.1507.1198.7935.2169.4
Rev LTM1719,35034,75892,1499,61253,25827,054
Op Inc LTM-413,7206,71924,1462,81622,8825,220
FCF LTM-603,6285,20618,6792,271-502,950
FCF 3Y Avg-572,3784,91717,8141,371-1561,875
CFO LTM-594,6267,11324,2042,96110,9385,870
CFO 3Y Avg-563,3056,62623,2092,2687,2304,966

Growth & Margins

ALURBSXMDTJNJISRGLLYMedian
NameAllurion.Boston S.MedtronicJohnson .Intuitiv.Eli Lilly 
Rev Chg LTM-50.5%21.6%5.3%5.1%22.2%36.8%13.5%
Rev Chg 3Y Avg-15.6%4.1%6.1%16.3%23.4%15.6%
Rev Chg Q-50.5%20.3%6.6%6.8%22.9%37.6%13.6%
QoQ Delta Rev Chg LTM-13.6%4.6%1.6%1.7%5.1%8.7%3.2%
Op Mgn LTM-238.1%19.2%19.3%26.2%29.3%43.0%22.8%
Op Mgn 3Y Avg-168.6%18.0%18.6%26.4%26.7%35.6%22.5%
QoQ Delta Op Mgn LTM-18.8%0.9%-0.1%1.7%0.5%1.8%0.7%
CFO/Rev LTM-340.4%23.9%20.5%26.3%30.8%20.5%22.2%
CFO/Rev 3Y Avg-191.8%19.8%19.9%26.4%27.8%17.8%19.9%
FCF/Rev LTM-346.2%18.7%15.0%20.3%23.6%-0.1%16.9%
FCF/Rev 3Y Avg-195.5%14.1%14.8%20.3%16.5%0.5%14.4%

Valuation

ALURBSXMDTJNJISRGLLYMedian
NameAllurion.Boston S.MedtronicJohnson .Intuitiv.Eli Lilly 
Mkt Cap0.0140.1126.1507.1198.7935.2169.4
P/S0.97.53.64.916.612.96.2
P/EBIT-40.119.713.856.738.538.5
P/E-0.551.826.517.858.149.638.1
P/CFO-0.331.317.718.553.962.624.9
Total Yield-203.1%1.9%6.6%8.4%1.7%2.7%2.3%
Dividend Yield0.0%0.0%2.9%2.7%0.0%0.7%0.4%
FCF Yield 3Y Avg-2.0%4.3%4.4%1.0%0.1%2.0%
D/E-0.10.20.10.00.10.1
Net D/E-0.10.20.1-0.00.10.1

Returns

ALURBSXMDTJNJISRGLLYMedian
NameAllurion.Boston S.MedtronicJohnson .Intuitiv.Eli Lilly 
1M Rtn7.9%-7.1%2.2%6.2%1.9%1.9%2.1%
3M Rtn-28.8%-4.0%4.8%19.6%28.5%37.2%12.2%
6M Rtn-37.6%-6.7%16.6%41.6%9.4%33.2%13.0%
12M Rtn-80.8%4.6%24.9%48.2%2.2%34.8%14.7%
3Y Rtn-106.4%41.6%31.3%110.5%196.4%106.4%
1M Excs Rtn7.1%-7.8%1.5%5.4%1.2%1.2%1.3%
3M Excs Rtn-27.7%-5.1%2.4%20.3%26.5%35.4%11.3%
6M Excs Rtn-50.1%-19.1%4.2%29.2%-3.0%20.8%0.6%
12M Excs Rtn-93.7%-6.2%12.1%36.9%-7.8%21.9%3.0%
3Y Excs Rtn-32.1%-32.2%-38.8%35.0%122.0%32.1%

Financials

Segment Financials

Revenue by Segment

$ Mil2024202320222021
Single Segment32536438
Total32536438


Operating Income by Segment
$ Mil2024202320222021
Single Segment -79  
Total -79  


Net Income by Segment
$ Mil2024202320222021
Single Segment-7-81  
Total-7-81  


Price Behavior

Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity549,490
Short Interest: % Change Since 1115202523.2%
Average Daily Volume190,247
Days-to-Cover Short Interest2.89
Basic Shares Quantity7,762,703
Short % of Basic Shares7.1%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/12/20250.7%-4.7%12.1%
8/7/2025-2.9%-9.8%-21.0%
3/26/20250.3%6.4%-25.1%
11/13/2024-26.3%-42.3%-51.4%
8/13/2024-2.1%-16.5%-22.0%
3/21/2024-4.3%-16.2%-5.2%
11/13/20231.7%2.4%-19.2%
SUMMARY STATS   
# Positive321
# Negative456
Median Positive0.7%4.4%12.1%
Median Negative-3.6%-16.2%-21.5%
Max Positive1.7%6.4%12.1%
Max Negative-26.3%-42.3%-51.4%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251117202510-Q 9/30/2025
6302025819202510-Q 6/30/2025
3312025515202510-Q 3/31/2025
12312024327202510-K 12/31/2024
93020241113202410-Q 9/30/2024
6302024814202410-Q 6/30/2024
3312024514202410-Q 3/31/2024
12312023326202410-K 12/31/2023
93020231114202310-Q 9/30/2023
63020231020202310-Q 6/30/2023
123120227072023424B3 12/31/2022
123120212142023DRS 12/31/2021