ALMU · NasdaqCM
Semiconductors · United States
Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-11-11 (provider estimate, not issuer-confirmed).
Aeluma, Inc. develops photonic and electronic technologies for communications and sensing in the United States. The company is involved in development of photodetectors, photodetector arrays, lasers, optical amplifiers, and other technologies. Its products are used in telecom, artificial intelligence, datacom, mobile, defense and aerospace, robotics, automotive, augmented reality/virtual reality, and quantum applications. Aeluma, Inc. was founded in 2019 and is headquartered in Goleta, California.
Company websiteQ4 FY2026
Published 2026-09-17
Q4 FY2026 REPORT HIGHLIGHTS
Aeluma has cash to fund its photonics ambitions, but conditional CHIPS funding comes with equity and commercial scale remains unproven.
July 29 terms call for equity securities equal in value to the final award; up to $30M is conditional and is not cash already held.
Q4 revenue was $0.582M while research and development expense reached $2.274M; GAAP loss widened to $4.013M.
FY2026 public-offering proceeds net of costs were $43.478M, against $3.912M of computed free-cash-flow use.
June-end basic shares rose 21.4% year over year; the September 11 cover reports 19,265,671 shares, above the denominator implied by provider capitalization.
The annual report still describes an unresolved material weakness, while management describes customer NRE negotiations rather than binding high-volume revenue commitments.
Comparable businesses
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.
| Metric | ALMUAeluma, Inc.Snapshot 2026-09-20Financial period: 2026-06-30 |
|---|---|
| Market capMarket value, converted to USD | US$245.16M |
| Forward P/EProvider forward earnings estimate | — |
| EV / EBITDAEnterprise value / trailing EBITDA | — |
| Revenue growthLatest quarter vs prior-year quarter | -55.8% |
| Operating marginLatest reported quarter | -751.2% |
| Free cash flow yieldTrailing cash flow / market cap | -0.2% |
| Net debt / EBITDANet debt / trailing EBITDA | — |
| Debt / equityTotal debt / positive book equity | 0.04x |
| Trailing P/ETrailing twelve-month earnings | — |
| Price / bookPrice / positive book equity per share | 4.30x |
| EV / salesEnterprise value / trailing revenue | 42.85x |
| Earnings growthLatest quarter vs prior-year quarter | — |
| Gross marginTrailing twelve months | 35.2% |
| Net marginTrailing twelve months | -205.3% |
| Return on equityProvider trailing return; positive equity only | -24.5% |
| Free cash flow marginTrailing free cash flow / revenue | -13.7% |
| Dividend yieldIndicated annual dividend / price | — |
| Earnings payoutProvider trailing dividend payout | 0.0% |
| Current ratioCurrent assets / current liabilities | 30.32x |
| BetaProvider historical market sensitivity | -0.12 |
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Price history loads separately.
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
FREE RESEARCH PACKET · Q4 FY2026
Aeluma has cash to fund its photonics ambitions, but conditional CHIPS funding comes with equity and commercial scale remains unproven.
Research published September 16, 2026 · Download original report
Read Research PacketPresentation · 2026-09-17 · YouTube
Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.
