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Side-by-side financial comparison of Aeluma, Inc. (ALMU) and A2Z CUST2MATE SOLUTIONS CORP. (AZ). Click either name above to swap in a different company.

A2Z CUST2MATE SOLUTIONS CORP. is the larger business by last-quarter revenue ($1.5M vs $1.3M, roughly 1.2× Aeluma, Inc.). A2Z CUST2MATE SOLUTIONS CORP. runs the higher net margin — -90.4% vs -145.7%, a 55.2% gap on every dollar of revenue. On growth, A2Z CUST2MATE SOLUTIONS CORP. posted the faster year-over-year revenue change (-1.6% 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.

ALMU vs AZ — Head-to-Head

Bigger by revenue
AZ
AZ
1.2× larger
AZ
$1.5M
$1.3M
ALMU
Growing faster (revenue YoY)
AZ
AZ
+19.5% gap
AZ
-1.6%
-21.1%
ALMU
Higher net margin
AZ
AZ
55.2% more per $
AZ
-90.4%
-145.7%
ALMU

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
ALMU
ALMU
AZ
AZ
Revenue
$1.3M
$1.5M
Net Profit
$-1.9M
$-1.4M
Gross Margin
27.8%
34.0%
Operating Margin
-163.6%
-265.9%
Net Margin
-145.7%
-90.4%
Revenue YoY
-21.1%
-1.6%
Net Profit YoY
36.0%
60.4%
EPS (diluted)
$-0.11

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
AZ
AZ
Q4 25
$1.3M
Q3 25
$1.4M
$1.5M
Q2 25
$1.2M
Q1 25
$2.0M
Q3 24
$1.6M
Q2 24
$1.1M
Net Profit
ALMU
ALMU
AZ
AZ
Q4 25
$-1.9M
Q3 25
$-1.5M
$-1.4M
Q2 25
$-12.6M
Q1 25
$-6.8M
Q3 24
$-3.5M
Q2 24
$-3.2M
Gross Margin
ALMU
ALMU
AZ
AZ
Q4 25
27.8%
Q3 25
49.4%
34.0%
Q2 25
23.3%
Q1 25
31.7%
Q3 24
43.9%
Q2 24
7.4%
Operating Margin
ALMU
ALMU
AZ
AZ
Q4 25
-163.6%
Q3 25
-116.1%
-265.9%
Q2 25
-585.9%
Q1 25
-381.4%
Q3 24
-167.0%
Q2 24
-272.1%
Net Margin
ALMU
ALMU
AZ
AZ
Q4 25
-145.7%
Q3 25
-107.8%
-90.4%
Q2 25
-1085.4%
Q1 25
-342.1%
Q3 24
-224.7%
Q2 24
-277.4%
EPS (diluted)
ALMU
ALMU
AZ
AZ
Q4 25
$-0.11
Q3 25
$-0.09
Q2 25
Q1 25
$-0.19
Q3 24
$-0.15
Q2 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
ALMU
ALMU
AZ
AZ
Cash + ST InvestmentsLiquidity on hand
$38.6M
$43.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.8M
$71.3M
Total Assets
$42.6M
$81.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMU
ALMU
AZ
AZ
Q4 25
$38.6M
Q3 25
$25.9M
$43.2M
Q2 25
$28.5M
Q1 25
$24.2M
Q3 24
$3.4M
Q2 24
$653.0K
Stockholders' Equity
ALMU
ALMU
AZ
AZ
Q4 25
$40.8M
Q3 25
$40.9M
$71.3M
Q2 25
$31.5M
Q1 25
$31.3M
Q3 24
$-504.0K
Q2 24
$-340.0K
Total Assets
ALMU
ALMU
AZ
AZ
Q4 25
$42.6M
Q3 25
$42.7M
$81.9M
Q2 25
$46.1M
Q1 25
$42.2M
Q3 24
$10.2M
Q2 24
$7.2M

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
AZ
AZ
Operating Cash FlowLast quarter
$-251.0K
$-4.0M
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
AZ
AZ
Q4 25
$-251.0K
Q3 25
$-815.0K
$-4.0M
Q2 25
$-5.9M
Q1 25
$-3.8M
Q3 24
$-658.0K
Q2 24
$-3.7M
Free Cash Flow
ALMU
ALMU
AZ
AZ
Q4 25
$-282.0K
Q3 25
$-1.0M
Q2 25
Q1 25
Q3 24
Q2 24
FCF Margin
ALMU
ALMU
AZ
AZ
Q4 25
-22.2%
Q3 25
-74.0%
Q2 25
Q1 25
Q3 24
Q2 24
Capex Intensity
ALMU
ALMU
AZ
AZ
Q4 25
2.4%
Q3 25
15.2%
Q2 25
Q1 25
Q3 24
Q2 24

Financial Flow Comparison

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

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