Company Analysis

Aeluma, Inc. (ALMU)

Nasdaq: ALMU · Semiconductors & Related Devices · Goleta, CA · filing with the SEC since 2020
Grade4.5
◀ Past 4.3● Present 4.0▶ Future 5.4
1 est.

The grade of Aeluma, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.5/10
◀ Past4.330% of the headline
● Present4.040% of the headline
▶ Future5.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.3/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.5/10

Has it survived what it has been through?

4 warning events since 2020; the latest 2022-02-14.

weight 33% of this tense · 35th percentile among 99 sector filers · read for itself

From the record

Aeluma, Inc.'s filings since 2020 show 4 warning events of 2 kinds: an auditor change (8-K item 4.01, 2 times, the latest 2021-07-01); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2022-02-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.1/10

What has it actually done, year after year?

+184.6% a year over 4 filed years; profitable in 0 of 4.

weight 45% of this tense · 61st percentile among 93 sector filers · read for its customers

From the record

Aeluma, Inc.'s 4 filed years say what it did: revenue went from $193 thousand in fiscal 2023 to $4 million in fiscal 2026, up 184.6% a year; it rose in 2 of 3 years; the deepest fall was 4% from fiscal 2025 to fiscal 2026; net income was positive in 0 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span184.6%top 1% of its family
  • the share of years revenue rosetop 47% of its family
  • the share of filed years with a profitbottom 10% of its family
  • the deepest fall from a revenue peak4.4%top 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
2.0/10

How has it treated the people who own it?

SI estimate 2.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 20th percentile among 94 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 20% of 94 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 94 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Aeluma, Inc.'s shareholder treatment is put at 2.0 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 20% of 94 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.0/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
3.5/10

Is it financially healthy right now?

ROE -16%: lost 16¢ per shareholder dollar. Leverage 6%: owes 6¢ per asset dollar.

weight 45% of this tense · 35th percentile among 95 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-06-30, Aeluma, Inc. lost about 16 cents for every dollar of shareholders' money, and gross profitability: its products earned about 3 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 6 cents per dollar of assets, and net share issuance: its share count grew 34.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 3% of its family
  • return on equitybottom 20% of its family
  • gross profit against assetsbottom 10% of its family
  • the share count against the year beforebottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.9/10

How strong is its position in its industry?

bottom 39% of 97 in its family; net margin -205.3%.

weight 33% of this tense · 39th percentile among 97 sector filers · read for its customers

From the record

Aeluma, Inc.'s standing among 97 graded names in its industry family: revenue of $4 million in fiscal 2026 ranks in the bottom 8% by size; a net margin of -205.3% ranks in the bottom 11%; revenue growth of 184.6% a year over the last 3 filed years ranks in the top 3% (its annual reports).

What it rests on

  • revenue against the family$4.5Mbottom 8% of its family
  • net margin-205.3%bottom 11% of its family
  • three-year revenue growth184.6%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.1/10

What are the people in charge doing?

top 49% of 67 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 51st percentile among 67 sector filers · read for its shareholders

From the record

Aeluma, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Klamkin, Jonathan (Chief Executive Officer, as filed), filing under that title since 2021-06-25, 5.4 years (top 46% of its family); the 8 officers and directors filing in the last fifteen months have been on the record a median of 5 years (bottom 34%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (top 34%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 8 peopletop 34% of its family
  • the median years the people in charge have filed5.0 yearsbottom 34% of its family
  • the chief executive's years on the record5.4 yearstop 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.1/10

How much room does it have to grow?

top 39% of 94 in its family for room to expand.

weight 45% of this tense · 61st percentile among 94 sector filers · read for itself

From the record

Aeluma, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $56 million against no long-term debt tagged leaves 92.3% of its assets as net cash, top 1% of its family; cash from operations less capital spending is -87.7% of revenue (bottom 13%); a gross margin of 35.2% (bottom 42%); research spending of 104.6% of revenue (top 10%) (its annual report).

What it rests on

  • cash less debt against assets92.3%top 1% of its family
  • cash from operations less capital spending against revenue-87.7%bottom 13% of its family
  • gross margin35.2%bottom 42% of its family
  • research spending against revenue104.6%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.5/10

What could actually drive growth from here?

top 45% of 93 in its family for growth drivers.

weight 33% of this tense · 55th percentile among 93 sector filers · read for its customers

From the record

Aeluma, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 184.6% a year over the last three filed years against 184.6% over all 4, speeding up (top 28% of its family); the newest year grew -4.4% (bottom 20%); research spending grew 22.6% a year (top 13%); capital spending grew 3.1% a year (bottom 42%) (its annual reports). Aeluma, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 28% of its family
  • the newest year's revenue growth-4.4%bottom 20% of its family
  • three-year growth of research spending22.6%top 13% of its family
  • three-year growth of capital spending3.1%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.8/10

Did its newest year beat what its own record pointed to?

bottom 38% of 88 in its family for expectations against reality.

weight 22% of this tense · 38th percentile among 88 sector filers · read for its shareholders

From the record

Aeluma, Inc.'s newest year against its own record: revenue of $4 million in fiscal 2026 came in 80.5% below the $23 million its prior three years' pace pointed to (bottom 1% of its family); net income of $9 million against a prior three-year average of $4 million (bottom 16%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 4%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-80.5%bottom 1% of its family
  • net income against the prior three years' average-112%bottom 16% of its family
  • net margin against its prior averageup more than 100 pointstop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ALMU · research, not advice