Aeluma, Inc. develops optoelectronic and electronic devices for sensing, communication, and computing applications in the United States. The company produces semiconductor materials and chips using compound semiconductors on diameter substrates that are used to manufacture mass market microelectronics. Its products are used in mobile, automotive, AI, defense and aerospace, communication, AR/VR, high-performance commuting, and quantum computing applications, as well as other electronic and optoelectronic devices, including lasers, transistors, and solar cells. Aeluma, Inc. was founded in 2019 and is headquartered in Goleta, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5M | $-2M | $-3M | $-1M | -16.9% | 407.6% | -33.8% |
| 2024 | $1M | $-4M | $-5M | $-4M | -200.4% | 375.3% | -15.2% |
| 2023 | $0M | $-5M | $-5M | $-4M | -88.0% | - | 55.9% |
| 2022 | $0M | $-4M | $-3M | $-3M | -67.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 0 | 0.19 | 0.92 | 4.66 |
| Operating Revenue | 0 | 0.19 | 0.92 | 4.66 |
| Cost Of Revenue | 0 | 0.11 | 0.62 | 1.88 |
| Gross Profit | 0 | 0.08 | 0.30 | 2.78 |
| Operating Expense | 3.73 | 5.59 | 4.86 | 4.92 |
| Research And Development | 1.06 | 2.53 | 2.51 | 1.30 |
| Selling General And Administration | 2.23 | 3.06 | 2.36 | 3.63 |
| Total Expenses | 3.73 | 5.70 | 5.48 | 6.81 |
| Operating Income | -3.73 | -5.51 | -4.56 | -2.14 |
| Total Operating Income As Reported | - | -5.51 | -4.56 | -2.14 |
| EBITDA | -3.63 | -5.30 | -4.25 | -1.89 |
| Normalized EBITDA | -3.63 | -5.30 | -4.25 | -1.61 |
| EBIT | -3.73 | -5.51 | -4.56 | -2.31 |
| Interest Income | 0 | 0 | 0 | 0.11 |
| Interest Expense | - | - | 0 | 0.72 |
| Net Interest Income | 0 | 0 | 0 | -0.60 |
| Other Non Operating Income Expenses | 0.28 | 0.13 | - | - |
| Other Income Expense | 0.28 | 0.13 | - | -0.28 |
| Interest Income Non Operating | 0 | 0 | 0 | 0.11 |
| Interest Expense Non Operating | - | - | 0 | 0.72 |
| Net Non Operating Interest Income Expense | 0 | 0 | 0 | -0.60 |
| Pretax Income | -3.45 | -5.38 | -4.56 | -3.02 |
| Tax Provision | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | -3.45 | -5.38 | -4.56 | -3.02 |
| Net Income From Continuing And Discontinued Operation | -3.45 | -5.38 | -4.56 | -3.02 |
| Net Income From Continuing Operation Net Minority Interest | -3.45 | -5.38 | -4.56 | -3.02 |
| Net Income | -3.45 | -5.38 | -4.56 | -3.02 |
| Net Income Common Stockholders | -3.45 | -5.38 | -4.56 | -3.02 |
| Net Income Including Noncontrolling Interests | -3.45 | -5.38 | -4.56 | -3.02 |
| Normalized Income | -3.45 | -5.38 | -4.56 | -2.74 |
| Diluted NI Availto Com Stockholders | -3.45 | -5.38 | -4.56 | -3.02 |
| Basic Average Shares | 10.65 | 11.38 | 12.30 | 13.17 |
| Diluted Average Shares | 10.65 | 11.38 | 12.30 | 13.17 |
| Reconciled Depreciation | 0.10 | 0.21 | 0.31 | 0.42 |
| Reconciled Cost Of Revenue | 0 | 0.11 | 0.62 | 1.88 |
| Total Unusual Items | - | - | - | -0.28 |
| Total Unusual Items Excluding Goodwill | - | - | - | -0.28 |
| Gain On Sale Of Security | - | - | - | -0.28 |
| General And Administrative Expense | 2.23 | 3.06 | 2.36 | 3.63 |
| Other Gand A | 1.91 | 3.06 | 2.36 | 3.63 |
| Insurance And Claims | 0.33 | 0.39 | - | - |
| Other Operating Expenses | 0.44 | 0.42 | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Aeluma, Inc.this co. | ALMU | $498M | -164.82 | 27.83 | -16.9% | -261.84 |
| Ribbon Communications Inc. | RBBN | $541M | 13.64 | 1.20 | 8.8% | 13.99 |
| NVE Corporation | NVEC | $528M | 34.71 | 9.06 | 26.1% | 31.06 |
| Rapid7, Inc. | RPD | $521M | 22.27 | 3.36 | 15.1% | 11.79 |
| Backblaze, Inc. | BLZE | $503M | -19.64 | 6.04 |
| -30.8% |
| 136.25 |
| Priority Technology Holdings, Inc. | PRTH | $499M | 8.96 | -4.97 | -55.5% | 7.30 |
| Ooma, Inc. | OOMA | $475M | 73.54 | 5.11 | 7.0% | 28.42 |
| International Money Express, Inc. | IMXI | $456M | 13.95 | 2.83 | 20.3% | 6.62 |
| 3D Systems Corporation | DDD | $451M | 15.10 | 1.88 | 12.4% | 6.74 |
| Peer Median | - | 14.52 | 3.10 | 10.6% | 12.89 | |