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Side-by-side financial comparison of Aeluma, Inc. (ALMU) and MOBIX LABS, INC (MOBX). Click either name above to swap in a different company.
MOBIX LABS, INC is the larger business by last-quarter revenue ($1.9M vs $1.3M, roughly 1.5× Aeluma, Inc.). Aeluma, Inc. runs the higher net margin — -145.7% vs -540.0%, a 394.3% gap on every dollar of revenue. On growth, Aeluma, Inc. posted the faster year-over-year revenue change (-21.1% vs -40.8%).
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 MOBX — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3M | $1.9M |
| Net Profit | $-1.9M | $-10.1M |
| Gross Margin | 27.8% | 31.0% |
| Operating Margin | -163.6% | -471.1% |
| Net Margin | -145.7% | -540.0% |
| Revenue YoY | -21.1% | -40.8% |
| Net Profit YoY | 36.0% | 49.0% |
| EPS (diluted) | $-0.11 | $-0.16 |
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 | $1.9M | ||
| Q3 25 | $1.4M | $1.9M | ||
| Q2 25 | — | $2.4M | ||
| Q1 25 | — | $2.5M | ||
| Q4 24 | — | $3.2M | ||
| Q3 24 | — | $3.0M | ||
| Q2 24 | — | $2.1M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | $-1.9M | $-10.1M | ||
| Q3 25 | $-1.5M | $-15.7M | ||
| Q2 25 | — | $-8.3M | ||
| Q1 25 | — | $-2.3M | ||
| Q4 24 | — | $-19.8M | ||
| Q3 24 | — | $-11.5M | ||
| Q2 24 | — | $-7.7M | ||
| Q1 24 | — | $-1.8M |
| Q4 25 | 27.8% | 31.0% | ||
| Q3 25 | 49.4% | 50.5% | ||
| Q2 25 | — | 57.4% | ||
| Q1 25 | — | 40.6% | ||
| Q4 24 | — | 53.2% | ||
| Q3 24 | — | 56.6% | ||
| Q2 24 | — | 35.5% | ||
| Q1 24 | — | 16.9% |
| Q4 25 | -163.6% | -471.1% | ||
| Q3 25 | -116.1% | -834.9% | ||
| Q2 25 | — | -343.4% | ||
| Q1 25 | — | -311.7% | ||
| Q4 24 | — | -461.7% | ||
| Q3 24 | — | -378.0% | ||
| Q2 24 | — | -454.2% | ||
| Q1 24 | — | -747.8% |
| Q4 25 | -145.7% | -540.0% | ||
| Q3 25 | -107.8% | -835.8% | ||
| Q2 25 | — | -352.0% | ||
| Q1 25 | — | -91.2% | ||
| Q4 24 | — | -626.0% | ||
| Q3 24 | — | -390.6% | ||
| Q2 24 | — | -373.1% | ||
| Q1 24 | — | -153.1% |
| Q4 25 | $-0.11 | $-0.16 | ||
| Q3 25 | $-0.09 | $-0.26 | ||
| Q2 25 | — | $-0.17 | ||
| Q1 25 | — | $-0.06 | ||
| Q4 24 | — | $-0.52 | ||
| Q3 24 | — | $-0.33 | ||
| Q2 24 | — | $-0.25 | ||
| Q1 24 | — | $-0.21 |
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 | — |
| Total DebtLower is stronger | — | $6.3M |
| Stockholders' EquityBook value | $40.8M | $4.7M |
| Total Assets | $42.6M | $32.7M |
| Debt / EquityLower = less leverage | — | 1.34× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.6M | — | ||
| Q3 25 | $25.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $6.3M | ||
| Q3 25 | — | $6.2M | ||
| Q2 25 | — | $4.4M | ||
| Q1 25 | — | $4.6M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | — | $3.4M | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $3.2M |
| Q4 25 | $40.8M | $4.7M | ||
| Q3 25 | $40.9M | $-336.0K | ||
| Q2 25 | — | $425.0K | ||
| Q1 25 | — | $342.0K | ||
| Q4 24 | — | $-3.0M | ||
| Q3 24 | — | $5.5M | ||
| Q2 24 | — | $8.5M | ||
| Q1 24 | — | $4.2M |
| Q4 25 | $42.6M | $32.7M | ||
| Q3 25 | $42.7M | $37.1M | ||
| Q2 25 | — | $34.6M | ||
| Q1 25 | — | $36.5M | ||
| Q4 24 | — | $37.3M | ||
| Q3 24 | — | $39.1M | ||
| Q2 24 | — | $41.3M | ||
| Q1 24 | — | $29.5M |
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.26× | ||
| Q1 25 | — | 13.44× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.76× |
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 | $-4.8M |
| 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.
| Q4 25 | $-251.0K | $-4.8M | ||
| Q3 25 | $-815.0K | $-4.5M | ||
| Q2 25 | — | $-4.1M | ||
| Q1 25 | — | $-586.0K | ||
| Q4 24 | — | $-930.0K | ||
| Q3 24 | — | $-3.6M | ||
| Q2 24 | — | $-3.1M | ||
| Q1 24 | — | $-8.1M |
| Q4 25 | $-282.0K | — | ||
| Q3 25 | $-1.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-4.6M | ||
| Q2 24 | — | $-3.1M | ||
| Q1 24 | — | $-9.1M |
| Q4 25 | -22.2% | — | ||
| Q3 25 | -74.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -157.1% | ||
| Q2 24 | — | -151.8% | ||
| Q1 24 | — | -794.1% |
| Q4 25 | 2.4% | — | ||
| Q3 25 | 15.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 34.5% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 87.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALMU
Segment breakdown not available.
MOBX
| US | $1.7M | 92% |
| Other | $155.0K | 8% |
