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

VirTra, Inc is the larger business by last-quarter revenue ($2.9M vs $2.7M, roughly 1.1× ALUMIS INC.). ALUMIS INC. runs the higher net margin — 2225.1% vs -27.2%, a 2252.3% gap on every dollar of revenue. VirTra, Inc produced more free cash flow last quarter ($-2.1M 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.

VirTra, Inc. is a global provider of highly realistic immersive training simulators and supporting curriculum, primarily serving law enforcement agencies, military units, and public safety organizations. Its scenario-based training systems are designed to enhance frontline personnel's decision-making, de-escalation skills, and on-duty operational safety.

ALMS vs VTSI — Head-to-Head

Bigger by revenue
VTSI
VTSI
1.1× larger
VTSI
$2.9M
$2.7M
ALMS
Higher net margin
ALMS
ALMS
2252.3% more per $
ALMS
2225.1%
-27.2%
VTSI
More free cash flow
VTSI
VTSI
$104.9M more FCF
VTSI
$-2.1M
$-107.0M
ALMS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ALMS
ALMS
VTSI
VTSI
Revenue
$2.7M
$2.9M
Net Profit
$59.3M
$-792.4K
Gross Margin
57.5%
Operating Margin
-5271.5%
-47.9%
Net Margin
2225.1%
-27.2%
Revenue YoY
-46.5%
Net Profit YoY
205.0%
10.8%
EPS (diluted)
$0.77
$-0.08

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
VTSI
VTSI
Q4 25
$2.9M
Q3 25
$5.3M
Q2 25
$2.7M
$7.0M
Q1 25
$17.4M
$7.2M
Q4 24
$5.4M
Q3 24
$7.5M
Q2 24
$6.1M
Q1 24
$7.3M
Net Profit
ALMS
ALMS
VTSI
VTSI
Q4 25
$-792.4K
Q3 25
$-388.6K
Q2 25
$59.3M
$175.3K
Q1 25
$-99.0M
$1.3M
Q4 24
$-888.3K
Q3 24
$583.1K
Q2 24
$1.2M
Q1 24
$468.2K
Gross Margin
ALMS
ALMS
VTSI
VTSI
Q4 25
57.5%
Q3 25
65.8%
Q2 25
69.0%
Q1 25
72.6%
Q4 24
67.5%
Q3 24
73.5%
Q2 24
90.9%
Q1 24
64.2%
Operating Margin
ALMS
ALMS
VTSI
VTSI
Q4 25
-47.9%
Q3 25
-8.4%
Q2 25
-5271.5%
13.1%
Q1 25
-583.9%
19.1%
Q4 24
-9.9%
Q3 24
10.1%
Q2 24
18.6%
Q1 24
8.9%
Net Margin
ALMS
ALMS
VTSI
VTSI
Q4 25
-27.2%
Q3 25
-7.3%
Q2 25
2225.1%
2.5%
Q1 25
-569.1%
17.7%
Q4 24
-16.3%
Q3 24
7.8%
Q2 24
19.8%
Q1 24
6.4%
EPS (diluted)
ALMS
ALMS
VTSI
VTSI
Q4 25
$-0.08
Q3 25
$-0.03
Q2 25
$0.77
$0.02
Q1 25
$-1.82
$0.11
Q4 24
$-0.08
Q3 24
$0.05
Q2 24
$0.11
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
ALMS
ALMS
VTSI
VTSI
Cash + ST InvestmentsLiquidity on hand
$486.3M
$18.6M
Total DebtLower is stronger
$7.5M
Stockholders' EquityBook value
$485.3M
$45.6M
Total Assets
$610.9M
$65.1M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMS
ALMS
VTSI
VTSI
Q4 25
$18.6M
Q3 25
$20.8M
Q2 25
$486.3M
$20.7M
Q1 25
$208.7M
$17.6M
Q4 24
$18.0M
Q3 24
$19.7M
Q2 24
$18.4M
Q1 24
$22.4M
Total Debt
ALMS
ALMS
VTSI
VTSI
Q4 25
$7.5M
Q3 25
Q2 25
Q1 25
Q4 24
$7.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ALMS
ALMS
VTSI
VTSI
Q4 25
$45.6M
Q3 25
$46.3M
Q2 25
$485.3M
$46.8M
Q1 25
$168.3M
$46.5M
Q4 24
$45.2M
Q3 24
$45.7M
Q2 24
$44.9M
Q1 24
$43.5M
Total Assets
ALMS
ALMS
VTSI
VTSI
Q4 25
$65.1M
Q3 25
$66.2M
Q2 25
$610.9M
$67.4M
Q1 25
$261.3M
$66.8M
Q4 24
$65.0M
Q3 24
$66.1M
Q2 24
$66.0M
Q1 24
$69.4M
Debt / Equity
ALMS
ALMS
VTSI
VTSI
Q4 25
0.17×
Q3 25
Q2 25
Q1 25
Q4 24
0.17×
Q3 24
Q2 24
Q1 24

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
VTSI
VTSI
Operating Cash FlowLast quarter
$-106.4M
$-1.5M
Free Cash FlowOCF − Capex
$-107.0M
$-2.1M
FCF MarginFCF / Revenue
-4012.3%
-72.5%
Capex IntensityCapex / Revenue
23.1%
21.2%
Cash ConversionOCF / Net Profit
-1.79×
TTM Free Cash FlowTrailing 4 quarters
$2.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALMS
ALMS
VTSI
VTSI
Q4 25
$-1.5M
Q3 25
$36.3K
Q2 25
$-106.4M
$6.0M
Q1 25
$-80.4M
$65.7K
Q4 24
$-908.7K
Q3 24
$897.7K
Q2 24
$-3.9M
Q1 24
$5.1M
Free Cash Flow
ALMS
ALMS
VTSI
VTSI
Q4 25
$-2.1M
Q3 25
$-61.2K
Q2 25
$-107.0M
$5.4M
Q1 25
$-80.4M
$-362.7K
Q4 24
$-1.1M
Q3 24
$814.2K
Q2 24
$-3.9M
Q1 24
$3.6M
FCF Margin
ALMS
ALMS
VTSI
VTSI
Q4 25
-72.5%
Q3 25
-1.1%
Q2 25
-4012.3%
77.6%
Q1 25
-462.3%
-5.1%
Q4 24
-19.5%
Q3 24
10.9%
Q2 24
-64.7%
Q1 24
48.9%
Capex Intensity
ALMS
ALMS
VTSI
VTSI
Q4 25
21.2%
Q3 25
1.8%
Q2 25
23.1%
8.1%
Q1 25
0.2%
6.0%
Q4 24
2.8%
Q3 24
1.1%
Q2 24
1.0%
Q1 24
21.1%
Cash Conversion
ALMS
ALMS
VTSI
VTSI
Q4 25
Q3 25
Q2 25
-1.79×
34.12×
Q1 25
0.05×
Q4 24
Q3 24
1.54×
Q2 24
-3.22×
Q1 24
10.97×

Financial Flow Comparison

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

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