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

ALUMIS INC. is the larger business by last-quarter revenue ($2.7M vs $2.1M, roughly 1.3× Pony AI Inc.). ALUMIS INC. runs the higher net margin — 2225.1% vs -284.8%, a 2509.9% 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.

Pony Canyon Inc. , also known by the shorthand form Ponican , is a Japanese company, established on October 1, 1966, which distributes music, films, home video, and video games. It is affiliated with the Japanese media group Fujisankei Communications Group. Pony Canyon is a major leader in the music industry in Japan, with its artists regularly at the top of the Japanese charts. Pony Canyon is also responsible for releasing taped concerts from its artists as well as many anime productions and...

ALMS vs PONY — Head-to-Head

Bigger by revenue
ALMS
ALMS
1.3× larger
ALMS
$2.7M
$2.1M
PONY
Higher net margin
ALMS
ALMS
2509.9% more per $
ALMS
2225.1%
-284.8%
PONY

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
ALMS
ALMS
PONY
PONY
Revenue
$2.7M
$2.1M
Net Profit
$59.3M
$-5.9M
Gross Margin
9.2%
Operating Margin
-5271.5%
-275.3%
Net Margin
2225.1%
-284.8%
Revenue YoY
Net Profit YoY
205.0%
EPS (diluted)
$0.77
$-3.51

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
PONY
PONY
Q3 25
$2.1M
Q2 25
$2.7M
$1.7M
Q1 25
$17.4M
$1.9M
Net Profit
ALMS
ALMS
PONY
PONY
Q3 25
$-5.9M
Q2 25
$59.3M
$-4.3M
Q1 25
$-99.0M
$-5.2M
Gross Margin
ALMS
ALMS
PONY
PONY
Q3 25
9.2%
Q2 25
Q1 25
16.6%
Operating Margin
ALMS
ALMS
PONY
PONY
Q3 25
-275.3%
Q2 25
-5271.5%
-303.4%
Q1 25
-583.9%
-400.9%
Net Margin
ALMS
ALMS
PONY
PONY
Q3 25
-284.8%
Q2 25
2225.1%
-253.7%
Q1 25
-569.1%
-267.4%
EPS (diluted)
ALMS
ALMS
PONY
PONY
Q3 25
$-3.51
Q2 25
$0.77
$-0.92
Q1 25
$-1.82
$-0.12

Balance Sheet & Financial Strength

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

Metric
ALMS
ALMS
PONY
PONY
Cash + ST InvestmentsLiquidity on hand
$486.3M
$62.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$485.3M
$114.1M
Total Assets
$610.9M
$126.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMS
ALMS
PONY
PONY
Q3 25
$62.5M
Q2 25
$486.3M
$84.9M
Q1 25
$208.7M
$86.8M
Stockholders' Equity
ALMS
ALMS
PONY
PONY
Q3 25
$114.1M
Q2 25
$485.3M
$120.6M
Q1 25
$168.3M
$126.4M
Total Assets
ALMS
ALMS
PONY
PONY
Q3 25
$126.5M
Q2 25
$610.9M
$138.3M
Q1 25
$261.3M
$134.0M

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
PONY
PONY
Operating Cash FlowLast quarter
$-106.4M
$-2.9M
Free Cash FlowOCF − Capex
$-107.0M
FCF MarginFCF / Revenue
-4012.3%
Capex IntensityCapex / Revenue
23.1%
Cash ConversionOCF / Net Profit
-1.79×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALMS
ALMS
PONY
PONY
Q3 25
$-2.9M
Q2 25
$-106.4M
$-2.5M
Q1 25
$-80.4M
$-7.5M
Free Cash Flow
ALMS
ALMS
PONY
PONY
Q3 25
Q2 25
$-107.0M
Q1 25
$-80.4M
FCF Margin
ALMS
ALMS
PONY
PONY
Q3 25
Q2 25
-4012.3%
Q1 25
-462.3%
Capex Intensity
ALMS
ALMS
PONY
PONY
Q3 25
Q2 25
23.1%
Q1 25
0.2%
Cash Conversion
ALMS
ALMS
PONY
PONY
Q3 25
Q2 25
-1.79×
Q1 25

Financial Flow Comparison

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

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