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Side-by-side financial comparison of Aeluma, Inc. (ALMU) and bioAffinity Technologies, Inc. (BIAF). Click either name above to swap in a different company.
bioAffinity Technologies, Inc. is the larger business by last-quarter revenue ($1.6M vs $1.3M, roughly 1.3× Aeluma, Inc.). Aeluma, Inc. runs the higher net margin — -145.7% vs -197.0%, a 51.3% gap on every dollar of revenue. On growth, Aeluma, Inc. posted the faster year-over-year revenue change (-21.1% vs -27.8%). Aeluma, Inc. produced more free cash flow last quarter ($-282.0K vs $-2.6M).
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.
bioAffinity Technologies, Inc. is a clinical-stage biotechnology firm focused on developing non-invasive in vitro diagnostic tests for early detection of cancer and respiratory diseases. It serves global healthcare markets, with a core mission to deliver accessible, high-accuracy diagnostic solutions that improve patient outcomes and reduce overall healthcare system costs.
ALMU vs BIAF — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3M | $1.6M |
| Net Profit | $-1.9M | $-3.1M |
| Gross Margin | 27.8% | — |
| Operating Margin | -163.6% | -196.9% |
| Net Margin | -145.7% | -197.0% |
| Revenue YoY | -21.1% | -27.8% |
| Net Profit YoY | 36.0% | -5.7% |
| EPS (diluted) | $-0.11 | $-3.59 |
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.
| Q4 25 | $1.3M | $1.6M | ||
| Q3 25 | $1.4M | $1.4M | ||
| Q2 25 | — | $1.3M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $2.2M | ||
| Q3 24 | — | $2.4M | ||
| Q2 24 | — | $2.4M | ||
| Q1 24 | — | $2.4M |
| Q4 25 | $-1.9M | $-3.1M | ||
| Q3 25 | $-1.5M | $-5.1M | ||
| Q2 25 | — | $-4.1M | ||
| Q1 25 | — | $-2.7M | ||
| Q4 24 | — | $-3.0M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-2.1M | ||
| Q1 24 | — | $-2.0M |
| Q4 25 | 27.8% | — | ||
| Q3 25 | 49.4% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -163.6% | -196.9% | ||
| Q3 25 | -116.1% | -158.6% | ||
| Q2 25 | — | -198.2% | ||
| Q1 25 | — | -141.7% | ||
| Q4 24 | — | -133.5% | ||
| Q3 24 | — | -84.0% | ||
| Q2 24 | — | -87.1% | ||
| Q1 24 | — | -80.8% |
| Q4 25 | -145.7% | -197.0% | ||
| Q3 25 | -107.8% | -349.3% | ||
| Q2 25 | — | -319.9% | ||
| Q1 25 | — | -143.5% | ||
| Q4 24 | — | -134.4% | ||
| Q3 24 | — | -85.1% | ||
| Q2 24 | — | -88.0% | ||
| Q1 24 | — | -81.5% |
| Q4 25 | $-0.11 | $-3.59 | ||
| Q3 25 | $-0.09 | $-4.74 | ||
| Q2 25 | — | $-0.17 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | — | $-17.27 | ||
| Q3 24 | — | $-4.84 | ||
| Q2 24 | — | $-0.19 | ||
| Q1 24 | — | $-0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $38.6M | $6.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $40.8M | $7.3M |
| Total Assets | $42.6M | $11.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.6M | $6.4M | ||
| Q3 25 | $25.9M | $7.7M | ||
| Q2 25 | — | $802.8K | ||
| Q1 25 | — | $444.7K | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | — | $756.6K | ||
| Q2 24 | — | $801.3K | ||
| Q1 24 | — | $2.5M |
| Q4 25 | $40.8M | $7.3M | ||
| Q3 25 | $40.9M | $8.9M | ||
| Q2 25 | — | $-2.1M | ||
| Q1 25 | — | $1.4M | ||
| Q4 24 | — | $2.6M | ||
| Q3 24 | — | $3.1M | ||
| Q2 24 | — | $3.4M | ||
| Q1 24 | — | $5.3M |
| Q4 25 | $42.6M | $11.0M | ||
| Q3 25 | $42.7M | $11.5M | ||
| Q2 25 | — | $4.8M | ||
| Q1 25 | — | $5.5M | ||
| Q4 24 | — | $6.5M | ||
| Q3 24 | — | $6.6M | ||
| Q2 24 | — | $6.7M | ||
| Q1 24 | — | $8.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-251.0K | $-2.6M |
| Free Cash FlowOCF − Capex | $-282.0K | $-2.6M |
| FCF MarginFCF / Revenue | -22.2% | -160.7% |
| Capex IntensityCapex / Revenue | 2.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-251.0K | $-2.6M | ||
| Q3 25 | $-815.0K | $-2.5M | ||
| Q2 25 | — | $-2.6M | ||
| Q1 25 | — | $-1.6M | ||
| Q4 24 | — | $-1.7M | ||
| Q3 24 | — | $-1.7M | ||
| Q2 24 | — | $-1.5M | ||
| Q1 24 | — | $-2.3M |
| Q4 25 | $-282.0K | $-2.6M | ||
| Q3 25 | $-1.0M | $-2.5M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | — | $-1.7M | ||
| Q4 24 | — | $-1.7M | ||
| Q3 24 | — | $-1.7M | ||
| Q2 24 | — | $-1.6M | ||
| Q1 24 | — | $-2.4M |
| Q4 25 | -22.2% | -160.7% | ||
| Q3 25 | -74.0% | -171.8% | ||
| Q2 25 | — | -209.6% | ||
| Q1 25 | — | -91.3% | ||
| Q4 24 | — | -76.0% | ||
| Q3 24 | — | -73.1% | ||
| Q2 24 | — | -65.1% | ||
| Q1 24 | — | -99.2% |
| Q4 25 | 2.4% | 0.0% | ||
| Q3 25 | 15.2% | 0.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
