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Alumis Inc. ALMS Business Segments — Operating Expenses

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Other financials

Income statement

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Revenue$1.7M-90.0%
Operating income-$98.4M+3.1%
Net income-$93.1M+6.0%
EPS (diluted)-$0.74+59.3%

Balance sheet

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Cash & equivalents$63.9M-50.3%
Total debt$35.7M+1,881%
Total equity$567.0M+237%
Total assets$671.6M+157%

Cash flow

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Operating cash flow-$87.1M-8.4%
CapEx$164.0K+343%
Free cash flow-$87.2M-8.5%

Valuation

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Market cap$3.54B+686%
Enterprise value$3.52B+940%
P/S421.8×

Profitability

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Operating margin-5,364%
Net margin-2,825.7%
FCF margin-4,487.4%

Returns & leverage

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Return on equity-64.6%
Debt / equity0.1×+0.1×
Current ratio7.5×+3.8×

Where this comes from

Reported directly by Alumis Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: Alumis Inc.’s 10-Q, filed May 14, 2026.

Filed
May 14, 2026, 4:16 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001847367-26-000010
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Facilities and overhead costs5,3735,192
Total research and development expense81,54096,622
General and administrative expenses18,61022,295
Total operating expenses100,150118,917
Loss from operations(98,409)(101,528)
Total other income (expense), net5,3562,565
Net loss before income taxes(93,053)(98,963)
Income tax benefit

Item 1. Financial Statements (Unaudited)

FAQ

What is Alumis Inc.'s business segments — operating expenses?
Alumis Inc. (ALMS) reported business segments — operating expenses of $100.15M in Q1 2026.
How has Alumis Inc.'s business segments — operating expenses changed year-over-year?
Alumis Inc.'s business segments — operating expenses decreased by 15.8% year-over-year, from $118.92M to $100.15M.
What is the long-term trend for Alumis Inc.'s business segments — operating expenses?
Over 2 years (2023 to 2025), Alumis Inc.'s business segments — operating expenses has grown at a 73.8% compound annual growth rate (CAGR), from $158.17M to $477.85M.
What does business segments — operating expenses mean?
The sum of all research and development and general and administrative expenses incurred during the period. This metric provides a comprehensive view of the total cash burn required to operate the business.

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