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Side-by-side financial comparison of Aeluma, Inc. (ALMU) and OneMedNet Corp (ONMD). Click either name above to swap in a different company.

Aeluma, Inc. is the larger business by last-quarter revenue ($1.3M vs $890.0K, roughly 1.4× OneMedNet Corp). Aeluma, Inc. runs the higher net margin — -145.7% vs -352.8%, a 207.1% gap on every dollar of revenue. On growth, OneMedNet Corp posted the faster year-over-year revenue change (3323.1% vs -21.1%). Aeluma, Inc. produced more free cash flow last quarter ($-282.0K vs $-1.7M).

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.

OneMedNet Corp is a U.S.-headquartered healthcare tech firm offering secure cloud-based data sharing and workflow solutions for medical imaging and patient health information. It serves healthcare providers, insurance payers, and life sciences groups, with its core operating market centered in North America.

ALMU vs ONMD — Head-to-Head

Bigger by revenue
ALMU
ALMU
1.4× larger
ALMU
$1.3M
$890.0K
ONMD
Growing faster (revenue YoY)
ONMD
ONMD
+3344.2% gap
ONMD
3323.1%
-21.1%
ALMU
Higher net margin
ALMU
ALMU
207.1% more per $
ALMU
-145.7%
-352.8%
ONMD
More free cash flow
ALMU
ALMU
$1.4M more FCF
ALMU
$-282.0K
$-1.7M
ONMD

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
ALMU
ALMU
ONMD
ONMD
Revenue
$1.3M
$890.0K
Net Profit
$-1.9M
$-3.1M
Gross Margin
27.8%
20.7%
Operating Margin
-163.6%
-353.4%
Net Margin
-145.7%
-352.8%
Revenue YoY
-21.1%
3323.1%
Net Profit YoY
36.0%
-32.3%
EPS (diluted)
$-0.11
$-0.06

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
ONMD
ONMD
Q4 25
$1.3M
$890.0K
Q3 25
$1.4M
$177.0K
Q2 25
$155.0K
Q1 25
$137.0K
Q3 24
$142.0K
Q2 24
$227.0K
Q1 24
$248.0K
Q4 23
$322.0K
Net Profit
ALMU
ALMU
ONMD
ONMD
Q4 25
$-1.9M
$-3.1M
Q3 25
$-1.5M
$-741.0K
Q2 25
$3.0M
Q1 25
$-1.9M
Q3 24
$-2.1M
Q2 24
$-3.6M
Q1 24
$-2.1M
Q4 23
$-2.5M
Gross Margin
ALMU
ALMU
ONMD
ONMD
Q4 25
27.8%
20.7%
Q3 25
49.4%
-125.4%
Q2 25
-155.5%
Q1 25
-163.5%
Q3 24
-59.2%
Q2 24
-44.9%
Q1 24
-27.8%
Q4 23
-5.0%
Operating Margin
ALMU
ALMU
ONMD
ONMD
Q4 25
-163.6%
-353.4%
Q3 25
-116.1%
-1262.7%
Q2 25
-1331.0%
Q1 25
-1623.4%
Q3 24
-1645.1%
Q2 24
-1081.1%
Q1 24
-847.2%
Q4 23
-585.7%
Net Margin
ALMU
ALMU
ONMD
ONMD
Q4 25
-145.7%
-352.8%
Q3 25
-107.8%
-418.6%
Q2 25
1923.9%
Q1 25
-1388.3%
Q3 24
-1449.3%
Q2 24
-1581.1%
Q1 24
-850.4%
Q4 23
-775.2%
EPS (diluted)
ALMU
ALMU
ONMD
ONMD
Q4 25
$-0.11
$-0.06
Q3 25
$-0.09
$-0.01
Q2 25
$0.07
Q1 25
$-0.06
Q3 24
$-0.07
Q2 24
$-0.14
Q1 24
$-0.08
Q4 23
$2.90

Balance Sheet & Financial Strength

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

Metric
ALMU
ALMU
ONMD
ONMD
Cash + ST InvestmentsLiquidity on hand
$38.6M
$585.0K
Total DebtLower is stronger
$220.0K
Stockholders' EquityBook value
$40.8M
$-3.0M
Total Assets
$42.6M
$2.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMU
ALMU
ONMD
ONMD
Q4 25
$38.6M
$585.0K
Q3 25
$25.9M
$149.0K
Q2 25
$122.0K
Q1 25
$144.0K
Q3 24
$1.9M
Q2 24
$407.0K
Q1 24
$174.0K
Q4 23
$47.0K
Total Debt
ALMU
ALMU
ONMD
ONMD
Q4 25
$220.0K
Q3 25
Q2 25
Q1 25
$2.3M
Q3 24
$2.3M
Q2 24
$2.4M
Q1 24
Q4 23
$465.0K
Stockholders' Equity
ALMU
ALMU
ONMD
ONMD
Q4 25
$40.8M
$-3.0M
Q3 25
$40.9M
$-3.9M
Q2 25
$-3.8M
Q1 25
$-16.6M
Q3 24
$-14.3M
Q2 24
$-19.2M
Q1 24
$-15.7M
Q4 23
$-13.4M
Total Assets
ALMU
ALMU
ONMD
ONMD
Q4 25
$42.6M
$2.2M
Q3 25
$42.7M
$1.5M
Q2 25
$2.3M
Q1 25
$1.7M
Q3 24
$4.4M
Q2 24
$1.0M
Q1 24
$750.0K
Q4 23
$464.0K

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
ONMD
ONMD
Operating Cash FlowLast quarter
$-251.0K
$-1.7M
Free Cash FlowOCF − Capex
$-282.0K
$-1.7M
FCF MarginFCF / Revenue
-22.2%
-193.0%
Capex IntensityCapex / Revenue
2.4%
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALMU
ALMU
ONMD
ONMD
Q4 25
$-251.0K
$-1.7M
Q3 25
$-815.0K
$-1.6M
Q2 25
$-2.3M
Q1 25
$-1.9M
Q3 24
$-1.9M
Q2 24
$-1.5M
Q1 24
$-1.5M
Q4 23
$-1.7M
Free Cash Flow
ALMU
ALMU
ONMD
ONMD
Q4 25
$-282.0K
$-1.7M
Q3 25
$-1.0M
Q2 25
$-2.3M
Q1 25
$-2.0M
Q3 24
$-1.9M
Q2 24
$-1.5M
Q1 24
$-1.6M
Q4 23
FCF Margin
ALMU
ALMU
ONMD
ONMD
Q4 25
-22.2%
-193.0%
Q3 25
-74.0%
Q2 25
-1475.5%
Q1 25
-1425.5%
Q3 24
-1346.5%
Q2 24
-663.9%
Q1 24
-626.2%
Q4 23
Capex Intensity
ALMU
ALMU
ONMD
ONMD
Q4 25
2.4%
0.6%
Q3 25
15.2%
0.0%
Q2 25
1.9%
Q1 25
3.6%
Q3 24
6.3%
Q2 24
0.4%
Q1 24
2.4%
Q4 23
Cash Conversion
ALMU
ALMU
ONMD
ONMD
Q4 25
Q3 25
Q2 25
-0.77×
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

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