ALERUS FINANCIAL CORPALRSEarnings & Financial Report
Alerus Financial Corporation, marketed as simply Alerus, is a chain of financial institutions headquartered in Grand Forks, North Dakota, with locations in North Dakota, Minnesota, Wisconsin, and Arizona. Alerus offers banking, mortgage, wealth management, and retirement services.
ALRS Q4 FY2025 Key Financial Metrics
Revenue
$45.2M
Gross Profit
N/A
Operating Profit
$-43.4M
Net Profit
$-33.1M
Gross Margin
N/A
Operating Margin
-96.0%
Net Margin
-73.2%
YoY Growth
18.0%
EPS
$-1.27
ALERUS FINANCIAL CORP Q4 FY2025 Financial Summary
ALERUS FINANCIAL CORP reported revenue of $45.2M (up 18.0% YoY) for Q4 FY2025, with a net profit of $-33.1M (down 49232.8% YoY) (-73.2% margin).
Key Financial Metrics
| Total Revenue | $45.2M |
|---|---|
| Net Profit | $-33.1M |
| Gross Margin | N/A |
| Operating Margin | -96.0% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
ALERUS FINANCIAL CORP Q4 FY2025 revenue of $45.2M breaks down across 4 segments, led by Other at $17.3M (38.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $17.3M | 38.2% |
| Retirement And Benefit Services | $17.3M | 38.2% |
| Wealth Management | $7.4M | 16.5% |
| Mortgage Banking | $3.2M | 7.1% |
ALERUS FINANCIAL CORP Annual Revenue by Year
ALERUS FINANCIAL CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $261.3M).
ALERUS FINANCIAL CORP Quarterly Revenue & Net Profit History
ALERUS FINANCIAL CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $45.2M | +18.0% | $-33.1M | -73.2% |
| Q3 FY2025 | $72.6M | +42.6% | $16.9M | 23.3% |
| Q2 FY2025 | $74.8M | +45.6% | $20.3M | 27.1% |
| Q1 FY2025 | $68.8M | +44.7% | $13.3M | 19.4% |
| Q4 FY2024 | $72.2M | +222.9% | $-67.0K | -0.2% |
| Q3 FY2024 | $50.9M | +4.3% | $5.2M | 10.2% |
| Q2 FY2024 | $51.4M | +7.0% | $6.2M | 12.1% |
| Q1 FY2024 | $47.5M | -2.8% | $6.4M | 13.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $47.5M | $51.4M | $50.9M | $72.2M | $68.8M | $74.8M | $72.6M | $45.2M |
| YoY Growth | -2.8% | 7.0% | 4.3% | 222.9% | 44.7% | 45.6% | 42.6% | 18.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.34B | $4.36B | $4.36B | $5.26B | $5.34B | $5.32B | $5.33B | $5.23B |
| Liabilities | $3.97B | $3.99B | $3.70B | $4.77B | $4.83B | $4.79B | $4.78B | $4.67B |
| Equity | $371.6M | $373.2M | $386.5M | $495.4M | $514.2M | $533.2M | $550.7M | $564.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $11.7M | $-12.5M | $20.2M | $21.7M | $7.7M | $10.7M | $32.8M | $67.5M |