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

Aeluma, Inc. is the larger business by last-quarter revenue ($1.3M vs $1.0M, roughly 1.3× Shattuck Labs, Inc.). Aeluma, Inc. runs the higher net margin — -145.7% vs -1005.6%, a 859.9% gap on every dollar of revenue. On growth, Aeluma, Inc. posted the faster year-over-year revenue change (-21.1% vs -66.6%). Aeluma, Inc. produced more free cash flow last quarter ($-282.0K vs $-9.0M).

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.

Shattuck Labs, Inc. is a clinical-stage biotechnology company focused on developing innovative immunotherapies for cancer and autoimmune diseases. It uses its proprietary Agonist Redirected Checkpoint platform to develop bifunctional fusion proteins, with multiple oncology product candidates in active clinical development stages.

ALMU vs STTK — Head-to-Head

Bigger by revenue
ALMU
ALMU
1.3× larger
ALMU
$1.3M
$1.0M
STTK
Growing faster (revenue YoY)
ALMU
ALMU
+45.5% gap
ALMU
-21.1%
-66.6%
STTK
Higher net margin
ALMU
ALMU
859.9% more per $
ALMU
-145.7%
-1005.6%
STTK
More free cash flow
ALMU
ALMU
$8.7M more FCF
ALMU
$-282.0K
$-9.0M
STTK

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
ALMU
ALMU
STTK
STTK
Revenue
$1.3M
$1.0M
Net Profit
$-1.9M
$-10.1M
Gross Margin
27.8%
Operating Margin
-163.6%
-1071.6%
Net Margin
-145.7%
-1005.6%
Revenue YoY
-21.1%
-66.6%
Net Profit YoY
36.0%
39.7%
EPS (diluted)
$-0.11
$-0.14

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
STTK
STTK
Q4 25
$1.3M
Q3 25
$1.4M
$1.0M
Q2 25
$0
Q1 25
$0
Q3 24
$3.0M
Q2 24
$1.6M
Q1 24
$1.1M
Q4 23
$714.0K
Net Profit
ALMU
ALMU
STTK
STTK
Q4 25
$-1.9M
Q3 25
$-1.5M
$-10.1M
Q2 25
$-12.5M
Q1 25
$-13.7M
Q3 24
$-16.7M
Q2 24
$-21.6M
Q1 24
$-18.5M
Q4 23
$-17.7M
Gross Margin
ALMU
ALMU
STTK
STTK
Q4 25
27.8%
Q3 25
49.4%
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
Operating Margin
ALMU
ALMU
STTK
STTK
Q4 25
-163.6%
Q3 25
-116.1%
-1071.6%
Q2 25
Q1 25
Q3 24
-597.9%
Q2 24
-1427.1%
Q1 24
-1797.7%
Q4 23
-2654.2%
Net Margin
ALMU
ALMU
STTK
STTK
Q4 25
-145.7%
Q3 25
-107.8%
-1005.6%
Q2 25
Q1 25
Q3 24
-556.4%
Q2 24
-1339.5%
Q1 24
-1659.6%
Q4 23
-2477.2%
EPS (diluted)
ALMU
ALMU
STTK
STTK
Q4 25
$-0.11
Q3 25
$-0.09
$-0.14
Q2 25
$-0.24
Q1 25
$-0.27
Q3 24
$-0.33
Q2 24
$-0.42
Q1 24
$-0.37
Q4 23
$-0.41

Balance Sheet & Financial Strength

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

Metric
ALMU
ALMU
STTK
STTK
Cash + ST InvestmentsLiquidity on hand
$38.6M
$42.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.8M
$93.2M
Total Assets
$42.6M
$100.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMU
ALMU
STTK
STTK
Q4 25
$38.6M
Q3 25
$25.9M
$42.5M
Q2 25
$50.5M
Q1 25
$60.9M
Q3 24
$43.8M
Q2 24
$60.7M
Q1 24
$76.0M
Q4 23
$125.6M
Stockholders' Equity
ALMU
ALMU
STTK
STTK
Q4 25
$40.8M
Q3 25
$40.9M
$93.2M
Q2 25
$57.0M
Q1 25
$67.6M
Q3 24
$96.6M
Q2 24
$110.6M
Q1 24
$128.8M
Q4 23
$144.7M
Total Assets
ALMU
ALMU
STTK
STTK
Q4 25
$42.6M
Q3 25
$42.7M
$100.3M
Q2 25
$64.4M
Q1 25
$77.2M
Q3 24
$111.7M
Q2 24
$128.6M
Q1 24
$146.3M
Q4 23
$159.6M

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
STTK
STTK
Operating Cash FlowLast quarter
$-251.0K
$-8.9M
Free Cash FlowOCF − Capex
$-282.0K
$-9.0M
FCF MarginFCF / Revenue
-22.2%
-900.0%
Capex IntensityCapex / Revenue
2.4%
7.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALMU
ALMU
STTK
STTK
Q4 25
$-251.0K
Q3 25
$-815.0K
$-8.9M
Q2 25
$-10.4M
Q1 25
$-12.0M
Q3 24
$-16.1M
Q2 24
$-10.9M
Q1 24
$-16.2M
Q4 23
$-19.4M
Free Cash Flow
ALMU
ALMU
STTK
STTK
Q4 25
$-282.0K
Q3 25
$-1.0M
$-9.0M
Q2 25
Q1 25
Q3 24
$-16.1M
Q2 24
$-10.9M
Q1 24
Q4 23
$-19.4M
FCF Margin
ALMU
ALMU
STTK
STTK
Q4 25
-22.2%
Q3 25
-74.0%
-900.0%
Q2 25
Q1 25
Q3 24
-537.5%
Q2 24
-679.6%
Q1 24
Q4 23
-2722.1%
Capex Intensity
ALMU
ALMU
STTK
STTK
Q4 25
2.4%
Q3 25
15.2%
7.1%
Q2 25
Q1 25
Q3 24
1.4%
Q2 24
1.1%
Q1 24
0.0%
Q4 23
2.4%

Financial Flow Comparison

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

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