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Side-by-side financial comparison of Aeluma, Inc. (ALMU) and ACTELIS NETWORKS INC (ASNS). Click either name above to swap in a different company.

ACTELIS NETWORKS INC is the larger business by last-quarter revenue ($1.4M vs $1.3M, roughly 1.1× Aeluma, Inc.). Aeluma, Inc. runs the higher net margin — -145.7% vs -184.5%, a 38.8% gap on every dollar of revenue. On growth, ACTELIS NETWORKS INC posted the faster year-over-year revenue change (28.6% vs -21.1%).

Aeluma, Inc. is a U.S.-headquartered technology firm focused on the design, development, and production of high-performance optoelectronic components and semiconductor products. Its core offerings include photonic sensors and laser diodes, serving the LiDAR, 5G/6G communication, industrial sensing, and automotive markets across North America and the Asia-Pacific region.

Actelis Networks Inc develops and manufactures high-performance broadband access networking solutions for telecom operators, enterprises and government entities. Its core products include Ethernet over copper systems delivering cost-effective high-speed connectivity over existing copper infrastructure, with key markets across North America, Europe and the Asia-Pacific.

ALMU vs ASNS — Head-to-Head

Bigger by revenue
ASNS
ASNS
1.1× larger
ASNS
$1.4M
$1.3M
ALMU
Growing faster (revenue YoY)
ASNS
ASNS
+49.7% gap
ASNS
28.6%
-21.1%
ALMU
Higher net margin
ALMU
ALMU
38.8% more per $
ALMU
-145.7%
-184.5%
ASNS

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
ALMU
ALMU
ASNS
ASNS
Revenue
$1.3M
$1.4M
Net Profit
$-1.9M
$-2.5M
Gross Margin
27.8%
35.1%
Operating Margin
-163.6%
-122.3%
Net Margin
-145.7%
-184.5%
Revenue YoY
-21.1%
28.6%
Net Profit YoY
36.0%
-40.1%
EPS (diluted)
$-0.11
$-5.08

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
ALMU
ALMU
ASNS
ASNS
Q4 25
$1.3M
$1.4M
Q3 25
$1.4M
$643.0K
Q2 25
$941.0K
Q1 25
$721.0K
Q4 24
$1.1M
Q3 24
$2.5M
Q2 24
$3.4M
Q1 24
$726.0K
Net Profit
ALMU
ALMU
ASNS
ASNS
Q4 25
$-1.9M
$-2.5M
Q3 25
$-1.5M
$-2.0M
Q2 25
$-1.9M
Q1 25
$-1.9M
Q4 24
$-1.8M
Q3 24
$-511.0K
Q2 24
$-78.0K
Q1 24
$-2.0M
Gross Margin
ALMU
ALMU
ASNS
ASNS
Q4 25
27.8%
35.1%
Q3 25
49.4%
28.5%
Q2 25
32.4%
Q1 25
34.8%
Q4 24
34.3%
Q3 24
68.6%
Q2 24
56.6%
Q1 24
30.3%
Operating Margin
ALMU
ALMU
ASNS
ASNS
Q4 25
-163.6%
-122.3%
Q3 25
-116.1%
-300.0%
Q2 25
-188.4%
Q1 25
-251.3%
Q4 24
-154.0%
Q3 24
-12.5%
Q2 24
1.9%
Q1 24
-257.7%
Net Margin
ALMU
ALMU
ASNS
ASNS
Q4 25
-145.7%
-184.5%
Q3 25
-107.8%
-307.9%
Q2 25
-202.0%
Q1 25
-258.0%
Q4 24
-169.4%
Q3 24
-20.1%
Q2 24
-2.3%
Q1 24
-273.6%
EPS (diluted)
ALMU
ALMU
ASNS
ASNS
Q4 25
$-0.11
$-5.08
Q3 25
$-0.09
$-0.17
Q2 25
$-0.21
Q1 25
$-0.22
Q4 24
$-7.90
Q3 24
$-0.09
Q2 24
$-0.01
Q1 24
$-0.50

Balance Sheet & Financial Strength

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

Metric
ALMU
ALMU
ASNS
ASNS
Cash + ST InvestmentsLiquidity on hand
$38.6M
$4.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.8M
$4.8M
Total Assets
$42.6M
$9.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMU
ALMU
ASNS
ASNS
Q4 25
$38.6M
$4.1M
Q3 25
$25.9M
$1.5M
Q2 25
$393.0K
Q1 25
$1.1M
Q4 24
$2.0M
Q3 24
$2.2M
Q2 24
$2.4M
Q1 24
$1.4M
Total Debt
ALMU
ALMU
ASNS
ASNS
Q4 25
Q3 25
$150.0K
Q2 25
$150.0K
Q1 25
$150.0K
Q4 24
$150.0K
Q3 24
Q2 24
Q1 24
$148.0K
Stockholders' Equity
ALMU
ALMU
ASNS
ASNS
Q4 25
$40.8M
$4.8M
Q3 25
$40.9M
$3.0M
Q2 25
$1.3M
Q1 25
$2.6M
Q4 24
$3.0M
Q3 24
$3.1M
Q2 24
$1.1M
Q1 24
$-1.7M
Total Assets
ALMU
ALMU
ASNS
ASNS
Q4 25
$42.6M
$9.5M
Q3 25
$42.7M
$6.9M
Q2 25
$6.0M
Q1 25
$7.1M
Q4 24
$8.2M
Q3 24
$8.8M
Q2 24
$8.4M
Q1 24
$10.5M
Debt / Equity
ALMU
ALMU
ASNS
ASNS
Q4 25
Q3 25
0.05×
Q2 25
0.12×
Q1 25
0.06×
Q4 24
0.05×
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
ALMU
ALMU
ASNS
ASNS
Operating Cash FlowLast quarter
$-251.0K
$-2.1M
Free Cash FlowOCF − Capex
$-282.0K
FCF MarginFCF / Revenue
-22.2%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALMU
ALMU
ASNS
ASNS
Q4 25
$-251.0K
$-2.1M
Q3 25
$-815.0K
$-2.4M
Q2 25
$-1.0M
Q1 25
$-2.2M
Q4 24
$-1.8M
Q3 24
$-2.4M
Q2 24
$-2.1M
Q1 24
$-203.0K
Free Cash Flow
ALMU
ALMU
ASNS
ASNS
Q4 25
$-282.0K
Q3 25
$-1.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-204.0K
FCF Margin
ALMU
ALMU
ASNS
ASNS
Q4 25
-22.2%
Q3 25
-74.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-28.1%
Capex Intensity
ALMU
ALMU
ASNS
ASNS
Q4 25
2.4%
Q3 25
15.2%
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALMU
ALMU

Segment breakdown not available.

ASNS
ASNS

Europe Middle East And Africa$1.1M83%
Other$228.0K17%

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