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Side-by-side financial comparison of ALUMIS INC. (ALMS) and X3 Holdings Co., Ltd. (XTKG). Click either name above to swap in a different company.

X3 Holdings Co., Ltd. is the larger business by last-quarter revenue ($5.0M vs $2.7M, roughly 1.9× ALUMIS INC.). X3 Holdings Co., Ltd. produced more free cash flow last quarter ($-1.7M 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.

ALMS vs XTKG — Head-to-Head

Bigger by revenue
XTKG
XTKG
1.9× larger
XTKG
$5.0M
$2.7M
ALMS
More free cash flow
XTKG
XTKG
$105.3M more FCF
XTKG
$-1.7M
$-107.0M
ALMS

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
ALMS
ALMS
XTKG
XTKG
Revenue
$2.7M
$5.0M
Net Profit
$59.3M
Gross Margin
Operating Margin
-5271.5%
Net Margin
2225.1%
Revenue YoY
Net Profit YoY
205.0%
EPS (diluted)
$0.77

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
XTKG
XTKG
Q2 25
$2.7M
$5.0M
Q1 25
$17.4M
Q2 24
$6.6M
Net Profit
ALMS
ALMS
XTKG
XTKG
Q2 25
$59.3M
Q1 25
$-99.0M
Q2 24
$-57.6M
Gross Margin
ALMS
ALMS
XTKG
XTKG
Q2 25
Q1 25
Q2 24
28.0%
Operating Margin
ALMS
ALMS
XTKG
XTKG
Q2 25
-5271.5%
Q1 25
-583.9%
Q2 24
-219.1%
Net Margin
ALMS
ALMS
XTKG
XTKG
Q2 25
2225.1%
Q1 25
-569.1%
Q2 24
-874.1%
EPS (diluted)
ALMS
ALMS
XTKG
XTKG
Q2 25
$0.77
Q1 25
$-1.82
Q2 24

Balance Sheet & Financial Strength

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

Metric
ALMS
ALMS
XTKG
XTKG
Cash + ST InvestmentsLiquidity on hand
$486.3M
$2.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$485.3M
$42.6M
Total Assets
$610.9M
$71.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMS
ALMS
XTKG
XTKG
Q2 25
$486.3M
$2.6M
Q1 25
$208.7M
Q2 24
$1.5M
Stockholders' Equity
ALMS
ALMS
XTKG
XTKG
Q2 25
$485.3M
$42.6M
Q1 25
$168.3M
Q2 24
$125.5M
Total Assets
ALMS
ALMS
XTKG
XTKG
Q2 25
$610.9M
$71.7M
Q1 25
$261.3M
Q2 24
$171.3M

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
XTKG
XTKG
Operating Cash FlowLast quarter
$-106.4M
$-1.1M
Free Cash FlowOCF − Capex
$-107.0M
$-1.7M
FCF MarginFCF / Revenue
-4012.3%
-34.1%
Capex IntensityCapex / Revenue
23.1%
12.1%
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
XTKG
XTKG
Q2 25
$-106.4M
$-1.1M
Q1 25
$-80.4M
Q2 24
$-7.0M
Free Cash Flow
ALMS
ALMS
XTKG
XTKG
Q2 25
$-107.0M
$-1.7M
Q1 25
$-80.4M
Q2 24
$-7.0M
FCF Margin
ALMS
ALMS
XTKG
XTKG
Q2 25
-4012.3%
-34.1%
Q1 25
-462.3%
Q2 24
-106.9%
Capex Intensity
ALMS
ALMS
XTKG
XTKG
Q2 25
23.1%
12.1%
Q1 25
0.2%
Q2 24
0.3%
Cash Conversion
ALMS
ALMS
XTKG
XTKG
Q2 25
-1.79×
Q1 25
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALMS
ALMS

Segment breakdown not available.

XTKG
XTKG

Consulting and technical support services$2.4M48%
Other$1.5M30%
Application development services$884.5K18%
Subscription services$215.4K4%

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