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Side-by-side financial comparison of Arteris, Inc. (AIP) and Aeluma, Inc. (ALMU). Click either name above to swap in a different company.

Arteris, Inc. is the larger business by last-quarter revenue ($20.1M vs $1.3M, roughly 15.8× Aeluma, Inc.). Arteris, Inc. runs the higher net margin — -42.2% vs -145.7%, a 103.4% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs -21.1%). Arteris, Inc. produced more free cash flow last quarter ($3.0M vs $-282.0K).

Arteris, Inc. is a multinational technology company headquartered in Campbell, California. It develops the network-on-chip (NoC) IP and system-on-chip (SoC) integration automation software that is used to create semiconductor chip and chiplet designs for a variety of devices, particularly in automotive electronics, artificial intelligence, machine learning, enterprise computing, communications, consumer, industrial, and aerospace & defense markets. The company specializes in the development a...

Aeluma, Inc. is a U.S.-headquartered technology firm focused on the design, development, and production of high-performance optoelectronic components and semiconductor products. Its core offerings include photonic sensors and laser diodes, serving the LiDAR, 5G/6G communication, industrial sensing, and automotive markets across North America and the Asia-Pacific region.

AIP vs ALMU — Head-to-Head

Bigger by revenue
AIP
AIP
15.8× larger
AIP
$20.1M
$1.3M
ALMU
Growing faster (revenue YoY)
AIP
AIP
+51.1% gap
AIP
30.0%
-21.1%
ALMU
Higher net margin
AIP
AIP
103.4% more per $
AIP
-42.2%
-145.7%
ALMU
More free cash flow
AIP
AIP
$3.3M more FCF
AIP
$3.0M
$-282.0K
ALMU

Income Statement — Q4 2025 vs Q2 2026

Metric
AIP
AIP
ALMU
ALMU
Revenue
$20.1M
$1.3M
Net Profit
$-8.5M
$-1.9M
Gross Margin
90.8%
27.8%
Operating Margin
-42.0%
-163.6%
Net Margin
-42.2%
-145.7%
Revenue YoY
30.0%
-21.1%
Net Profit YoY
-3.7%
36.0%
EPS (diluted)
$-0.19
$-0.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AIP
AIP
ALMU
ALMU
Q4 25
$20.1M
$1.3M
Q3 25
$17.4M
$1.4M
Q2 25
$16.5M
Q1 25
$16.5M
Q4 24
$15.5M
Q3 24
$14.7M
Q2 24
$14.6M
Q1 24
$12.9M
Net Profit
AIP
AIP
ALMU
ALMU
Q4 25
$-8.5M
$-1.9M
Q3 25
$-9.0M
$-1.5M
Q2 25
$-9.1M
Q1 25
$-8.1M
Q4 24
$-8.2M
Q3 24
$-7.7M
Q2 24
$-8.3M
Q1 24
$-9.4M
Gross Margin
AIP
AIP
ALMU
ALMU
Q4 25
90.8%
27.8%
Q3 25
89.9%
49.4%
Q2 25
89.4%
Q1 25
90.8%
Q4 24
89.8%
Q3 24
90.1%
Q2 24
90.0%
Q1 24
88.7%
Operating Margin
AIP
AIP
ALMU
ALMU
Q4 25
-42.0%
-163.6%
Q3 25
-50.1%
-116.1%
Q2 25
-50.0%
Q1 25
-46.6%
Q4 24
-45.9%
Q3 24
-53.8%
Q2 24
-51.1%
Q1 24
-70.5%
Net Margin
AIP
AIP
ALMU
ALMU
Q4 25
-42.2%
-145.7%
Q3 25
-51.6%
-107.8%
Q2 25
-55.3%
Q1 25
-49.1%
Q4 24
-53.0%
Q3 24
-52.2%
Q2 24
-57.2%
Q1 24
-72.6%
EPS (diluted)
AIP
AIP
ALMU
ALMU
Q4 25
$-0.19
$-0.11
Q3 25
$-0.21
$-0.09
Q2 25
$-0.22
Q1 25
$-0.20
Q4 24
$-0.19
Q3 24
$-0.20
Q2 24
$-0.22
Q1 24
$-0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIP
AIP
ALMU
ALMU
Cash + ST InvestmentsLiquidity on hand
$33.9M
$38.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-14.6M
$40.8M
Total Assets
$115.0M
$42.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIP
AIP
ALMU
ALMU
Q4 25
$33.9M
$38.6M
Q3 25
$39.0M
$25.9M
Q2 25
$38.0M
Q1 25
$42.3M
Q4 24
$43.8M
Q3 24
$48.7M
Q2 24
$45.8M
Q1 24
$44.8M
Stockholders' Equity
AIP
AIP
ALMU
ALMU
Q4 25
$-14.6M
$40.8M
Q3 25
$-11.4M
$40.9M
Q2 25
$-7.5M
Q1 25
$-4.8M
Q4 24
$-1.2M
Q3 24
$2.2M
Q2 24
$5.3M
Q1 24
$9.5M
Total Assets
AIP
AIP
ALMU
ALMU
Q4 25
$115.0M
$42.6M
Q3 25
$107.7M
$42.7M
Q2 25
$106.9M
Q1 25
$98.3M
Q4 24
$106.1M
Q3 24
$97.7M
Q2 24
$96.4M
Q1 24
$101.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AIP
AIP
ALMU
ALMU
Operating Cash FlowLast quarter
$3.2M
$-251.0K
Free Cash FlowOCF − Capex
$3.0M
$-282.0K
FCF MarginFCF / Revenue
15.1%
-22.2%
Capex IntensityCapex / Revenue
0.7%
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$5.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIP
AIP
ALMU
ALMU
Q4 25
$3.2M
$-251.0K
Q3 25
$3.2M
$-815.0K
Q2 25
$-2.5M
Q1 25
$2.9M
Q4 24
$-2.6M
Q3 24
$1.1M
Q2 24
$311.0K
Q1 24
$477.0K
Free Cash Flow
AIP
AIP
ALMU
ALMU
Q4 25
$3.0M
$-282.0K
Q3 25
$2.5M
$-1.0M
Q2 25
$-2.8M
Q1 25
$2.7M
Q4 24
$-2.7M
Q3 24
$1.1M
Q2 24
$264.0K
Q1 24
$281.0K
FCF Margin
AIP
AIP
ALMU
ALMU
Q4 25
15.1%
-22.2%
Q3 25
14.2%
-74.0%
Q2 25
-17.2%
Q1 25
16.2%
Q4 24
-17.3%
Q3 24
7.4%
Q2 24
1.8%
Q1 24
2.2%
Capex Intensity
AIP
AIP
ALMU
ALMU
Q4 25
0.7%
2.4%
Q3 25
4.1%
15.2%
Q2 25
2.2%
Q1 25
1.1%
Q4 24
0.3%
Q3 24
0.2%
Q2 24
0.3%
Q1 24
1.5%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AIP
AIP

License And Maintenance$17.5M87%
Variable Royalties And Other$2.6M13%

ALMU
ALMU

Segment breakdown not available.

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