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Side-by-side financial comparison of ALUMIS INC. (ALMS) and BT Brands, Inc. (BTBD). Click either name above to swap in a different company.

BT Brands, Inc. is the larger business by last-quarter revenue ($3.9M vs $2.7M, roughly 1.4× ALUMIS INC.). ALUMIS INC. runs the higher net margin — 2225.1% vs 23.7%, a 2201.4% gap on every dollar of revenue. BT Brands, Inc. produced more free cash flow last quarter ($261.8K vs $-107.0M).

ALUMIS INC. is a clinical-stage biopharmaceutical company focused on developing innovative targeted therapies for patients suffering from autoimmune and inflammatory disorders. It advances multiple product candidates through clinical trials, aiming to address unmet medical needs for patient populations across global markets.

BT Group plc is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, broadband and mobile services in the UK, and also provides subscription television and IT services.

ALMS vs BTBD — Head-to-Head

Bigger by revenue
BTBD
BTBD
1.4× larger
BTBD
$3.9M
$2.7M
ALMS
Higher net margin
ALMS
ALMS
2201.4% more per $
ALMS
2225.1%
23.7%
BTBD
More free cash flow
BTBD
BTBD
$107.2M more FCF
BTBD
$261.8K
$-107.0M
ALMS

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
ALMS
ALMS
BTBD
BTBD
Revenue
$2.7M
$3.9M
Net Profit
$59.3M
$915.0K
Gross Margin
Operating Margin
-5271.5%
19.1%
Net Margin
2225.1%
23.7%
Revenue YoY
-11.4%
Net Profit YoY
205.0%
516.9%
EPS (diluted)
$0.77
$0.15

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
ALMS
ALMS
BTBD
BTBD
Q3 25
$3.9M
Q2 25
$2.7M
$3.8M
Q1 25
$17.4M
$3.2M
Q3 24
$4.3M
Q2 24
$4.1M
Q1 24
$3.2M
Q4 23
$4.0M
Q3 23
$4.0M
Net Profit
ALMS
ALMS
BTBD
BTBD
Q3 25
$915.0K
Q2 25
$59.3M
$55.0K
Q1 25
$-99.0M
$-329.8K
Q3 24
$-219.5K
Q2 24
$-70.0K
Q1 24
$-445.7K
Q4 23
$-3.5K
Q3 23
$-233.7K
Operating Margin
ALMS
ALMS
BTBD
BTBD
Q3 25
19.1%
Q2 25
-5271.5%
-2.0%
Q1 25
-583.9%
-9.0%
Q3 24
-1.7%
Q2 24
-4.6%
Q1 24
-19.8%
Q4 23
1.0%
Q3 23
-2.0%
Net Margin
ALMS
ALMS
BTBD
BTBD
Q3 25
23.7%
Q2 25
2225.1%
1.5%
Q1 25
-569.1%
-10.2%
Q3 24
-5.0%
Q2 24
-1.7%
Q1 24
-14.0%
Q4 23
-0.1%
Q3 23
-5.8%
EPS (diluted)
ALMS
ALMS
BTBD
BTBD
Q3 25
$0.15
Q2 25
$0.77
Q1 25
$-1.82
Q3 24
$-0.04
Q2 24
Q1 24
Q4 23
Q3 23

Balance Sheet & Financial Strength

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

Metric
ALMS
ALMS
BTBD
BTBD
Cash + ST InvestmentsLiquidity on hand
$486.3M
$3.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$485.3M
$7.7M
Total Assets
$610.9M
$11.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMS
ALMS
BTBD
BTBD
Q3 25
$3.5M
Q2 25
$486.3M
$3.0M
Q1 25
$208.7M
$2.7M
Q3 24
$2.0M
Q2 24
$1.5M
Q1 24
$1.5M
Q4 23
$1.4M
Q3 23
$1.2M
Stockholders' Equity
ALMS
ALMS
BTBD
BTBD
Q3 25
$7.7M
Q2 25
$485.3M
$6.8M
Q1 25
$168.3M
$6.7M
Q3 24
$8.5M
Q2 24
$8.7M
Q1 24
$8.8M
Q4 23
$9.6M
Q3 23
$9.6M
Total Assets
ALMS
ALMS
BTBD
BTBD
Q3 25
$11.9M
Q2 25
$610.9M
$11.2M
Q1 25
$261.3M
$11.0M
Q3 24
$13.7M
Q2 24
$14.0M
Q1 24
$14.0M
Q4 23
$14.9M
Q3 23
$15.1M

Cash Flow & Capital Efficiency

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

Metric
ALMS
ALMS
BTBD
BTBD
Operating Cash FlowLast quarter
$-106.4M
$325.2K
Free Cash FlowOCF − Capex
$-107.0M
$261.8K
FCF MarginFCF / Revenue
-4012.3%
6.8%
Capex IntensityCapex / Revenue
23.1%
1.6%
Cash ConversionOCF / Net Profit
-1.79×
0.36×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALMS
ALMS
BTBD
BTBD
Q3 25
$325.2K
Q2 25
$-106.4M
$384.4K
Q1 25
$-80.4M
$-306.7K
Q3 24
$129.3K
Q2 24
$82.5K
Q1 24
$-408.9K
Q4 23
$37.0K
Q3 23
$362.5K
Free Cash Flow
ALMS
ALMS
BTBD
BTBD
Q3 25
$261.8K
Q2 25
$-107.0M
Q1 25
$-80.4M
$-431.1K
Q3 24
$50.4K
Q2 24
$53.7K
Q1 24
$-521.3K
Q4 23
$-59.5K
Q3 23
$203.8K
FCF Margin
ALMS
ALMS
BTBD
BTBD
Q3 25
6.8%
Q2 25
-4012.3%
Q1 25
-462.3%
-13.3%
Q3 24
1.2%
Q2 24
1.3%
Q1 24
-16.3%
Q4 23
-1.5%
Q3 23
5.1%
Capex Intensity
ALMS
ALMS
BTBD
BTBD
Q3 25
1.6%
Q2 25
23.1%
0.0%
Q1 25
0.2%
3.8%
Q3 24
1.8%
Q2 24
0.7%
Q1 24
3.5%
Q4 23
2.4%
Q3 23
4.0%
Cash Conversion
ALMS
ALMS
BTBD
BTBD
Q3 25
0.36×
Q2 25
-1.79×
6.98×
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

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

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