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Side-by-side financial comparison of ALUMIS INC. (ALMS) and Jet.AI Inc. (JTAI). Click either name above to swap in a different company.

ALUMIS INC. is the larger business by last-quarter revenue ($2.7M vs $1.8M, roughly 1.5× Jet.AI Inc.). ALUMIS INC. runs the higher net margin — 2225.1% vs 685.7%, a 1539.4% gap on every dollar of revenue.

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.

Jet.AI Inc. is a technology firm focused on the private and business aviation sector. It develops AI-powered tools covering flight planning, dynamic pricing, charter booking, and fleet optimization for private jet operators, charter service providers, and individual business travelers, with core operations primarily across North America.

ALMS vs JTAI — Head-to-Head

Bigger by revenue
ALMS
ALMS
1.5× larger
ALMS
$2.7M
$1.8M
JTAI
Higher net margin
ALMS
ALMS
1539.4% more per $
ALMS
2225.1%
685.7%
JTAI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ALMS
ALMS
JTAI
JTAI
Revenue
$2.7M
$1.8M
Net Profit
$59.3M
$12.1M
Gross Margin
12.1%
Operating Margin
-5271.5%
-134.9%
Net Margin
2225.1%
685.7%
Revenue YoY
-44.3%
Net Profit YoY
205.0%
456.0%
EPS (diluted)
$0.77
$3.69

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
JTAI
JTAI
Q4 25
$1.8M
Q3 25
$1.7M
Q2 25
$2.7M
$2.2M
Q1 25
$17.4M
$3.5M
Q4 24
$3.2M
Q3 24
$3.9M
Q2 24
$3.1M
Q1 24
$3.8M
Net Profit
ALMS
ALMS
JTAI
JTAI
Q4 25
$12.1M
Q3 25
$-2.0M
Q2 25
$59.3M
$-2.4M
Q1 25
$-99.0M
$-3.2M
Q4 24
$-3.4M
Q3 24
$-2.9M
Q2 24
$-3.2M
Q1 24
$-3.2M
Gross Margin
ALMS
ALMS
JTAI
JTAI
Q4 25
12.1%
Q3 25
-16.9%
Q2 25
-5.0%
Q1 25
-3.3%
Q4 24
-12.9%
Q3 24
-0.4%
Q2 24
-13.5%
Q1 24
-3.2%
Operating Margin
ALMS
ALMS
JTAI
JTAI
Q4 25
-134.9%
Q3 25
-119.0%
Q2 25
-5271.5%
-111.4%
Q1 25
-583.9%
-91.3%
Q4 24
-104.5%
Q3 24
-73.6%
Q2 24
-104.4%
Q1 24
-81.8%
Net Margin
ALMS
ALMS
JTAI
JTAI
Q4 25
685.7%
Q3 25
-114.9%
Q2 25
2225.1%
-107.1%
Q1 25
-569.1%
-91.2%
Q4 24
-107.2%
Q3 24
-73.6%
Q2 24
-104.4%
Q1 24
-83.9%
EPS (diluted)
ALMS
ALMS
JTAI
JTAI
Q4 25
$3.69
Q3 25
$-0.59
Q2 25
$0.77
$-0.92
Q1 25
$-1.82
$-1.85
Q4 24
$116.63
Q3 24
$-43.82
Q2 24
$-56.66
Q1 24
$-64.08

Balance Sheet & Financial Strength

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

Metric
ALMS
ALMS
JTAI
JTAI
Cash + ST InvestmentsLiquidity on hand
$486.3M
$1.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$485.3M
$22.0M
Total Assets
$610.9M
$25.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMS
ALMS
JTAI
JTAI
Q4 25
$1.8M
Q3 25
$3.5M
Q2 25
$486.3M
$8.3M
Q1 25
$208.7M
$12.2M
Q4 24
$5.9M
Q3 24
$311.9K
Q2 24
$528.1K
Q1 24
$595.6K
Stockholders' Equity
ALMS
ALMS
JTAI
JTAI
Q4 25
$22.0M
Q3 25
$9.2M
Q2 25
$485.3M
$11.3M
Q1 25
$168.3M
$13.6M
Q4 24
$6.5M
Q3 24
$-5.0M
Q2 24
$-4.2M
Q1 24
$-2.8M
Total Assets
ALMS
ALMS
JTAI
JTAI
Q4 25
$25.7M
Q3 25
$12.9M
Q2 25
$610.9M
$14.5M
Q1 25
$261.3M
$18.5M
Q4 24
$10.8M
Q3 24
$3.4M
Q2 24
$4.2M
Q1 24
$5.6M

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
JTAI
JTAI
Operating Cash FlowLast quarter
$-106.4M
$692.1K
Free Cash FlowOCF − Capex
$-107.0M
FCF MarginFCF / Revenue
-4012.3%
Capex IntensityCapex / Revenue
23.1%
Cash ConversionOCF / Net Profit
-1.79×
0.06×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALMS
ALMS
JTAI
JTAI
Q4 25
$692.1K
Q3 25
$-3.9M
Q2 25
$-106.4M
$-2.8M
Q1 25
$-80.4M
$-2.2M
Q4 24
$-3.4M
Q3 24
$-135.1K
Q2 24
$-2.2M
Q1 24
$-2.5M
Free Cash Flow
ALMS
ALMS
JTAI
JTAI
Q4 25
Q3 25
Q2 25
$-107.0M
Q1 25
$-80.4M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ALMS
ALMS
JTAI
JTAI
Q4 25
Q3 25
Q2 25
-4012.3%
Q1 25
-462.3%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ALMS
ALMS
JTAI
JTAI
Q4 25
Q3 25
Q2 25
23.1%
Q1 25
0.2%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ALMS
ALMS
JTAI
JTAI
Q4 25
0.06×
Q3 25
Q2 25
-1.79×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALMS
ALMS

Segment breakdown not available.

JTAI
JTAI

Jet Card And Fractional Programs$1.1M60%
Other$712.9K40%

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