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Side-by-side financial comparison of Aeluma, Inc. (ALMU) and Innventure, Inc. (INV). Click either name above to swap in a different company.
Aeluma, Inc. is the larger business by last-quarter revenue ($1.3M vs $822.0K, roughly 1.5× Innventure, Inc.). Aeluma, Inc. runs the higher net margin — -145.7% vs -4593.8%, a 4448.1% gap on every dollar of revenue. Aeluma, Inc. produced more free cash flow last quarter ($-282.0K vs $-82.1M).
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.
Innventure, Inc. is a business development and commercialization firm that partners with large global corporations to turn their underutilized intellectual property and unused R&D innovations into scalable, high-growth independent businesses. It focuses on sectors including sustainability, advanced materials and life sciences, serving primarily North American and European markets.
ALMU vs INV — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3M | $822.0K |
| Net Profit | $-1.9M | $-37.8M |
| Gross Margin | 27.8% | -1315.8% |
| Operating Margin | -163.6% | -3859.1% |
| Net Margin | -145.7% | -4593.8% |
| Revenue YoY | -21.1% | — |
| Net Profit YoY | 36.0% | — |
| EPS (diluted) | $-0.11 | $-0.18 |
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 | $822.0K | ||
| Q3 25 | $1.4M | $534.0K | ||
| Q2 25 | — | $476.0K | ||
| Q1 25 | — | $224.0K | ||
| Q3 24 | — | $317.0K |
| Q4 25 | $-1.9M | $-37.8M | ||
| Q3 25 | $-1.5M | $-28.3M | ||
| Q2 25 | — | $-84.2M | ||
| Q1 25 | — | $-143.0M | ||
| Q3 24 | — | $-2.2M |
| Q4 25 | 27.8% | -1315.8% | ||
| Q3 25 | 49.4% | -676.6% | ||
| Q2 25 | — | -501.1% | ||
| Q1 25 | — | 17.9% | ||
| Q3 24 | — | -145.1% |
| Q4 25 | -163.6% | -3859.1% | ||
| Q3 25 | -116.1% | -5469.1% | ||
| Q2 25 | — | -29952.5% | ||
| Q1 25 | — | -116606.3% | ||
| Q3 24 | — | -4313.6% |
| Q4 25 | -145.7% | -4593.8% | ||
| Q3 25 | -107.8% | -5305.6% | ||
| Q2 25 | — | -17694.7% | ||
| Q1 25 | — | -63837.9% | ||
| Q3 24 | — | -697.5% |
| Q4 25 | $-0.11 | $-0.18 | ||
| Q3 25 | $-0.09 | $-0.51 | ||
| Q2 25 | — | $-1.60 | ||
| Q1 25 | — | $-3.10 | ||
| Q3 24 | — | $-0.94 |
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 | $60.4M |
| Total DebtLower is stronger | — | $8.3M |
| Stockholders' EquityBook value | $40.8M | $204.2M |
| Total Assets | $42.6M | $599.2M |
| Debt / EquityLower = less leverage | — | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.6M | $60.4M | ||
| Q3 25 | $25.9M | $9.1M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — |
| Q4 25 | — | $8.3M | ||
| Q3 25 | — | $29.5M | ||
| Q2 25 | — | $16.8M | ||
| Q1 25 | — | $12.3M | ||
| Q3 24 | — | $14.9M |
| Q4 25 | $40.8M | $204.2M | ||
| Q3 25 | $40.9M | $190.8M | ||
| Q2 25 | — | $218.6M | ||
| Q1 25 | — | $261.5M | ||
| Q3 24 | — | $-22.3M |
| Q4 25 | $42.6M | $599.2M | ||
| Q3 25 | $42.7M | $556.5M | ||
| Q2 25 | — | $556.0M | ||
| Q1 25 | — | $660.4M | ||
| Q3 24 | — | $55.7M |
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.05× | ||
| Q3 24 | — | — |
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 | $-80.7M |
| Free Cash FlowOCF − Capex | $-282.0K | $-82.1M |
| FCF MarginFCF / Revenue | -22.2% | -9987.8% |
| Capex IntensityCapex / Revenue | 2.4% | 172.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-139.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-251.0K | $-80.7M | ||
| Q3 25 | $-815.0K | $-19.6M | ||
| Q2 25 | — | $-22.1M | ||
| Q1 25 | — | $-14.7M | ||
| Q3 24 | — | — |
| Q4 25 | $-282.0K | $-82.1M | ||
| Q3 25 | $-1.0M | $-20.0M | ||
| Q2 25 | — | $-22.1M | ||
| Q1 25 | — | $-15.6M | ||
| Q3 24 | — | — |
| Q4 25 | -22.2% | -9987.8% | ||
| Q3 25 | -74.0% | -3747.8% | ||
| Q2 25 | — | -4637.2% | ||
| Q1 25 | — | -6970.1% | ||
| Q3 24 | — | — |
| Q4 25 | 2.4% | 172.4% | ||
| Q3 25 | 15.2% | 82.2% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 409.4% | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
