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Side-by-side financial comparison of ALUMIS INC. (ALMS) and TIAN RUIXIANG HOLDINGS LTD (TIRX). Click either name above to swap in a different company.

ALUMIS INC. is the larger business by last-quarter revenue ($2.7M vs $2.0M, roughly 1.3× TIAN RUIXIANG HOLDINGS LTD). ALUMIS INC. runs the higher net margin — 2225.1% vs -12.3%, a 2237.4% gap on every dollar of revenue. TIAN RUIXIANG HOLDINGS LTD produced more free cash flow last quarter ($263.1K 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.

Tian Ruixiang Holdings Ltd is a China-based insurance intermediary service provider. It distributes various insurance products including property insurance, casualty insurance and life insurance from multiple partner insurance carriers, catering to both individual and corporate clients mainly across regional markets in mainland China.

ALMS vs TIRX — Head-to-Head

Bigger by revenue
ALMS
ALMS
1.3× larger
ALMS
$2.7M
$2.0M
TIRX
Higher net margin
ALMS
ALMS
2237.4% more per $
ALMS
2225.1%
-12.3%
TIRX
More free cash flow
TIRX
TIRX
$107.2M more FCF
TIRX
$263.1K
$-107.0M
ALMS

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
ALMS
ALMS
TIRX
TIRX
Revenue
$2.7M
$2.0M
Net Profit
$59.3M
$-248.3K
Gross Margin
85.6%
Operating Margin
-5271.5%
-6.7%
Net Margin
2225.1%
-12.3%
Revenue YoY
-35.8%
Net Profit YoY
205.0%
-159.3%
EPS (diluted)
$0.77
$-0.02

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
TIRX
TIRX
Q2 25
$2.7M
$2.0M
Q1 25
$17.4M
Q2 24
$3.1M
Q2 23
$724.9K
Q2 22
$945.6K
Net Profit
ALMS
ALMS
TIRX
TIRX
Q2 25
$59.3M
$-248.3K
Q1 25
$-99.0M
Q2 24
$418.9K
Q2 23
$-1.5M
Q2 22
$-3.5M
Gross Margin
ALMS
ALMS
TIRX
TIRX
Q2 25
85.6%
Q1 25
Q2 24
89.7%
Q2 23
Q2 22
Operating Margin
ALMS
ALMS
TIRX
TIRX
Q2 25
-5271.5%
-6.7%
Q1 25
-583.9%
Q2 24
18.6%
Q2 23
-266.0%
Q2 22
-410.3%
Net Margin
ALMS
ALMS
TIRX
TIRX
Q2 25
2225.1%
-12.3%
Q1 25
-569.1%
Q2 24
13.4%
Q2 23
-205.0%
Q2 22
-370.5%
EPS (diluted)
ALMS
ALMS
TIRX
TIRX
Q2 25
$0.77
$-0.02
Q1 25
$-1.82
Q2 24
$0.01
Q2 23
$-2.50
Q2 22
$-1.42

Balance Sheet & Financial Strength

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

Metric
ALMS
ALMS
TIRX
TIRX
Cash + ST InvestmentsLiquidity on hand
$486.3M
$28.0M
Total DebtLower is stronger
$3.5M
Stockholders' EquityBook value
$485.3M
$-16.1M
Total Assets
$610.9M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMS
ALMS
TIRX
TIRX
Q2 25
$486.3M
$28.0M
Q1 25
$208.7M
Q2 24
$27.5M
Q2 23
$35.9M
Q2 22
$29.0M
Total Debt
ALMS
ALMS
TIRX
TIRX
Q2 25
$3.5M
Q1 25
Q2 24
Q2 23
Q2 22
Stockholders' Equity
ALMS
ALMS
TIRX
TIRX
Q2 25
$485.3M
$-16.1M
Q1 25
$168.3M
Q2 24
$32.3M
Q2 23
$34.5M
Q2 22
$37.1M
Total Assets
ALMS
ALMS
TIRX
TIRX
Q2 25
$610.9M
$6.0M
Q1 25
$261.3M
Q2 24
$38.0M
Q2 23
$37.0M
Q2 22
$38.6M

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
TIRX
TIRX
Operating Cash FlowLast quarter
$-106.4M
$263.7K
Free Cash FlowOCF − Capex
$-107.0M
$263.1K
FCF MarginFCF / Revenue
-4012.3%
13.1%
Capex IntensityCapex / Revenue
23.1%
0.0%
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
TIRX
TIRX
Q2 25
$-106.4M
$263.7K
Q1 25
$-80.4M
Q2 24
$-646.8K
Q2 23
$761.6K
Q2 22
$-75.6K
Free Cash Flow
ALMS
ALMS
TIRX
TIRX
Q2 25
$-107.0M
$263.1K
Q1 25
$-80.4M
Q2 24
Q2 23
Q2 22
$-78.0K
FCF Margin
ALMS
ALMS
TIRX
TIRX
Q2 25
-4012.3%
13.1%
Q1 25
-462.3%
Q2 24
Q2 23
Q2 22
-8.3%
Capex Intensity
ALMS
ALMS
TIRX
TIRX
Q2 25
23.1%
0.0%
Q1 25
0.2%
Q2 24
Q2 23
0.0%
Q2 22
0.3%
Cash Conversion
ALMS
ALMS
TIRX
TIRX
Q2 25
-1.79×
Q1 25
Q2 24
-1.54×
Q2 23
Q2 22

Financial Flow Comparison

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

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