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Side-by-side financial comparison of ALERUS FINANCIAL CORP (ALRS) and Cambium Networks Corp (CMBM). Click either name above to swap in a different company.

ALERUS FINANCIAL CORP is the larger business by last-quarter revenue ($45.2M vs $40.3M, roughly 1.1× Cambium Networks Corp). Cambium Networks Corp runs the higher net margin — -17.9% vs -73.2%, a 55.2% gap on every dollar of revenue. On growth, ALERUS FINANCIAL CORP posted the faster year-over-year revenue change (18.0% vs -23.2%). ALERUS FINANCIAL CORP produced more free cash flow last quarter ($58.8M vs $-10.8M). Over the past eight quarters, ALERUS FINANCIAL CORP's revenue compounded faster (-2.5% CAGR vs -27.2%).

Alerus Financial Corporation, marketed as simply Alerus, is a chain of financial institutions headquartered in Grand Forks, North Dakota, with locations in North Dakota, Minnesota, Wisconsin, and Arizona. Alerus offers banking, mortgage, wealth management, and retirement services.

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

ALRS vs CMBM — Head-to-Head

Bigger by revenue
ALRS
ALRS
1.1× larger
ALRS
$45.2M
$40.3M
CMBM
Growing faster (revenue YoY)
ALRS
ALRS
+41.2% gap
ALRS
18.0%
-23.2%
CMBM
Higher net margin
CMBM
CMBM
55.2% more per $
CMBM
-17.9%
-73.2%
ALRS
More free cash flow
ALRS
ALRS
$69.6M more FCF
ALRS
$58.8M
$-10.8M
CMBM
Faster 2-yr revenue CAGR
ALRS
ALRS
Annualised
ALRS
-2.5%
-27.2%
CMBM

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
ALRS
ALRS
CMBM
CMBM
Revenue
$45.2M
$40.3M
Net Profit
$-33.1M
$-7.2M
Gross Margin
36.6%
Operating Margin
-96.0%
-28.4%
Net Margin
-73.2%
-17.9%
Revenue YoY
18.0%
-23.2%
Net Profit YoY
-49232.8%
71.0%
EPS (diluted)
$-1.27
$-0.26

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
ALRS
ALRS
CMBM
CMBM
Q4 25
$45.2M
Q3 25
$72.6M
Q2 25
$74.8M
Q1 25
$68.8M
Q4 24
$72.2M
$40.3M
Q3 24
$50.9M
$44.7M
Q2 24
$51.4M
$45.2M
Q1 24
$47.5M
$47.1M
Net Profit
ALRS
ALRS
CMBM
CMBM
Q4 25
$-33.1M
Q3 25
$16.9M
Q2 25
$20.3M
Q1 25
$13.3M
Q4 24
$-67.0K
$-7.2M
Q3 24
$5.2M
$-34.5M
Q2 24
$6.2M
$-14.2M
Q1 24
$6.4M
$-18.4M
Gross Margin
ALRS
ALRS
CMBM
CMBM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
36.6%
Q3 24
43.6%
Q2 24
32.5%
Q1 24
29.8%
Operating Margin
ALRS
ALRS
CMBM
CMBM
Q4 25
-96.0%
Q3 25
30.4%
Q2 25
35.2%
Q1 25
25.5%
Q4 24
-0.8%
-28.4%
Q3 24
13.4%
-69.6%
Q2 24
15.8%
-27.2%
Q1 24
17.9%
-33.1%
Net Margin
ALRS
ALRS
CMBM
CMBM
Q4 25
-73.2%
Q3 25
23.3%
Q2 25
27.1%
Q1 25
19.4%
Q4 24
-0.2%
-17.9%
Q3 24
10.2%
-77.3%
Q2 24
12.1%
-31.5%
Q1 24
13.5%
-39.2%
EPS (diluted)
ALRS
ALRS
CMBM
CMBM
Q4 25
$-1.27
Q3 25
$0.65
Q2 25
$0.78
Q1 25
$0.52
Q4 24
$-0.06
$-0.26
Q3 24
$0.26
$-1.22
Q2 24
$0.31
$-0.51
Q1 24
$0.32
$-0.66

Balance Sheet & Financial Strength

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

Metric
ALRS
ALRS
CMBM
CMBM
Cash + ST InvestmentsLiquidity on hand
$67.2M
Total DebtLower is stronger
$59.2M
$67.6M
Stockholders' EquityBook value
$564.9M
$-3.2M
Total Assets
$5.2B
$173.7M
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALRS
ALRS
CMBM
CMBM
Q4 25
$67.2M
Q3 25
$92.0M
Q2 25
$80.9M
Q1 25
$83.0M
Q4 24
$61.2M
Q3 24
$66.0M
Q2 24
$438.1M
Q1 24
$545.8M
Total Debt
ALRS
ALRS
CMBM
CMBM
Q4 25
$59.2M
Q3 25
$59.2M
Q2 25
$59.1M
Q1 25
$59.1M
Q4 24
$59.1M
$67.6M
Q3 24
$59.0M
$67.6M
Q2 24
$59.0M
$68.9M
Q1 24
$59.0M
$63.8M
Stockholders' Equity
ALRS
ALRS
CMBM
CMBM
Q4 25
$564.9M
Q3 25
$550.7M
Q2 25
$533.2M
Q1 25
$514.2M
Q4 24
$495.4M
$-3.2M
Q3 24
$386.5M
$1.9M
Q2 24
$373.2M
$34.1M
Q1 24
$371.6M
$45.0M
Total Assets
ALRS
ALRS
CMBM
CMBM
Q4 25
$5.2B
Q3 25
$5.3B
Q2 25
$5.3B
Q1 25
$5.3B
Q4 24
$5.3B
$173.7M
Q3 24
$4.4B
$194.3M
Q2 24
$4.4B
$221.1M
Q1 24
$4.3B
$219.8M
Debt / Equity
ALRS
ALRS
CMBM
CMBM
Q4 25
0.10×
Q3 25
0.11×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
0.12×
Q3 24
0.15×
36.12×
Q2 24
0.16×
2.02×
Q1 24
0.16×
1.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALRS
ALRS
CMBM
CMBM
Operating Cash FlowLast quarter
$67.5M
$-10.4M
Free Cash FlowOCF − Capex
$58.8M
$-10.8M
FCF MarginFCF / Revenue
130.2%
-26.8%
Capex IntensityCapex / Revenue
19.3%
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$102.4M
$-21.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALRS
ALRS
CMBM
CMBM
Q4 25
$67.5M
Q3 25
$32.8M
Q2 25
$10.7M
Q1 25
$7.7M
Q4 24
$21.7M
$-10.4M
Q3 24
$20.2M
$8.9M
Q2 24
$-12.5M
$2.4M
Q1 24
$11.7M
$-15.9M
Free Cash Flow
ALRS
ALRS
CMBM
CMBM
Q4 25
$58.8M
Q3 25
$30.3M
Q2 25
$7.6M
Q1 25
$5.7M
Q4 24
$9.4M
$-10.8M
Q3 24
$17.4M
$6.8M
Q2 24
$-16.1M
$87.0K
Q1 24
$10.8M
$-17.4M
FCF Margin
ALRS
ALRS
CMBM
CMBM
Q4 25
130.2%
Q3 25
41.8%
Q2 25
10.1%
Q1 25
8.2%
Q4 24
13.0%
-26.8%
Q3 24
34.2%
15.2%
Q2 24
-31.4%
0.2%
Q1 24
22.8%
-37.0%
Capex Intensity
ALRS
ALRS
CMBM
CMBM
Q4 25
19.3%
Q3 25
3.4%
Q2 25
4.2%
Q1 25
3.0%
Q4 24
17.1%
1.1%
Q3 24
5.4%
4.8%
Q2 24
7.2%
5.1%
Q1 24
1.9%
3.3%
Cash Conversion
ALRS
ALRS
CMBM
CMBM
Q4 25
Q3 25
1.94×
Q2 25
0.53×
Q1 25
0.58×
Q4 24
Q3 24
3.88×
Q2 24
-2.01×
Q1 24
1.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALRS
ALRS

Other$17.3M38%
Retirement And Benefit Services$17.3M38%
Wealth Management$7.4M16%
Mortgage Banking$3.2M7%

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

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