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Side-by-side financial comparison of ALERUS FINANCIAL CORP (ALRS) and Hyperscale Data, Inc. (GPUS). Click either name above to swap in a different company.
ALERUS FINANCIAL CORP is the larger business by last-quarter revenue ($45.2M vs $26.9M, roughly 1.7× Hyperscale Data, Inc.). ALERUS FINANCIAL CORP runs the higher net margin — -73.2% vs -112.0%, a 38.8% gap on every dollar of revenue. On growth, Hyperscale Data, Inc. posted the faster year-over-year revenue change (38.4% vs 18.0%). ALERUS FINANCIAL CORP produced more free cash flow last quarter ($58.8M vs $-56.2M). Over the past eight quarters, ALERUS FINANCIAL CORP's revenue compounded faster (-2.5% CAGR vs -16.3%).
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.
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
ALRS vs GPUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.2M | $26.9M |
| Net Profit | $-33.1M | $-30.1M |
| Gross Margin | — | 14.5% |
| Operating Margin | -96.0% | -117.8% |
| Net Margin | -73.2% | -112.0% |
| Revenue YoY | 18.0% | 38.4% |
| Net Profit YoY | -49232.8% | -6670.3% |
| EPS (diluted) | $-1.27 | — |
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 | $45.2M | $26.9M | ||
| Q3 25 | $72.6M | $24.3M | ||
| Q2 25 | $74.8M | $25.9M | ||
| Q1 25 | $68.8M | $25.0M | ||
| Q4 24 | $72.2M | $19.4M | ||
| Q3 24 | $50.9M | $31.1M | ||
| Q2 24 | $51.4M | $17.8M | ||
| Q1 24 | $47.5M | $38.4M |
| Q4 25 | $-33.1M | $-30.1M | ||
| Q3 25 | $16.9M | $-13.0M | ||
| Q2 25 | $20.3M | $-19.1M | ||
| Q1 25 | $13.3M | $-4.2M | ||
| Q4 24 | $-67.0K | $-445.0K | ||
| Q3 24 | $5.2M | $-25.5M | ||
| Q2 24 | $6.2M | $-33.9M | ||
| Q1 24 | $6.4M | $3.7M |
| Q4 25 | — | 14.5% | ||
| Q3 25 | — | 25.8% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 27.5% | ||
| Q2 24 | — | -21.3% | ||
| Q1 24 | — | 47.4% |
| Q4 25 | -96.0% | -117.8% | ||
| Q3 25 | 30.4% | -57.8% | ||
| Q2 25 | 35.2% | -39.2% | ||
| Q1 25 | 25.5% | -25.5% | ||
| Q4 24 | -0.8% | -46.8% | ||
| Q3 24 | 13.4% | -79.2% | ||
| Q2 24 | 15.8% | -151.4% | ||
| Q1 24 | 17.9% | 9.5% |
| Q4 25 | -73.2% | -112.0% | ||
| Q3 25 | 23.3% | -53.5% | ||
| Q2 25 | 27.1% | -73.7% | ||
| Q1 25 | 19.4% | -16.8% | ||
| Q4 24 | -0.2% | -2.3% | ||
| Q3 24 | 10.2% | -82.3% | ||
| Q2 24 | 12.1% | -190.7% | ||
| Q1 24 | 13.5% | 9.7% |
| Q4 25 | $-1.27 | — | ||
| Q3 25 | $0.65 | $-0.39 | ||
| Q2 25 | $0.78 | $-2.66 | ||
| Q1 25 | $0.52 | — | ||
| Q4 24 | $-0.06 | $-8.78 | ||
| Q3 24 | $0.26 | $-24.82 | ||
| Q2 24 | $0.31 | $-37.81 | ||
| Q1 24 | $0.32 | $3.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $67.2M | $13.1M |
| Total DebtLower is stronger | $59.2M | $83.1M |
| Stockholders' EquityBook value | $564.9M | $119.8M |
| Total Assets | $5.2B | $313.7M |
| Debt / EquityLower = less leverage | 0.10× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.2M | $13.1M | ||
| Q3 25 | $92.0M | $24.8M | ||
| Q2 25 | $80.9M | $5.9M | ||
| Q1 25 | $83.0M | $4.2M | ||
| Q4 24 | $61.2M | $4.5M | ||
| Q3 24 | $66.0M | $7.9M | ||
| Q2 24 | $438.1M | $9.6M | ||
| Q1 24 | $545.8M | $18.9M |
| Q4 25 | $59.2M | $83.1M | ||
| Q3 25 | $59.2M | $80.0M | ||
| Q2 25 | $59.1M | $88.5M | ||
| Q1 25 | $59.1M | $92.8M | ||
| Q4 24 | $59.1M | $96.7M | ||
| Q3 24 | $59.0M | $104.8M | ||
| Q2 24 | $59.0M | $106.8M | ||
| Q1 24 | $59.0M | $30.0M |
| Q4 25 | $564.9M | $119.8M | ||
| Q3 25 | $550.7M | $55.9M | ||
| Q2 25 | $533.2M | $5.5M | ||
| Q1 25 | $514.2M | $6.3M | ||
| Q4 24 | $495.4M | $8.6M | ||
| Q3 24 | $386.5M | $2.7M | ||
| Q2 24 | $373.2M | $26.7M | ||
| Q1 24 | $371.6M | $59.0M |
| Q4 25 | $5.2B | $313.7M | ||
| Q3 25 | $5.3B | $242.4M | ||
| Q2 25 | $5.3B | $213.5M | ||
| Q1 25 | $5.3B | $218.5M | ||
| Q4 24 | $5.3B | $220.8M | ||
| Q3 24 | $4.4B | $231.5M | ||
| Q2 24 | $4.4B | $270.8M | ||
| Q1 24 | $4.3B | $299.8M |
| Q4 25 | 0.10× | 0.69× | ||
| Q3 25 | 0.11× | 1.43× | ||
| Q2 25 | 0.11× | 16.06× | ||
| Q1 25 | 0.11× | 14.71× | ||
| Q4 24 | 0.12× | 11.19× | ||
| Q3 24 | 0.15× | 38.41× | ||
| Q2 24 | 0.16× | 4.00× | ||
| Q1 24 | 0.16× | 0.51× |
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 | $67.5M | $-37.7M |
| Free Cash FlowOCF − Capex | $58.8M | $-56.2M |
| FCF MarginFCF / Revenue | 130.2% | -208.7% |
| Capex IntensityCapex / Revenue | 19.3% | 68.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.4M | $-87.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.5M | $-37.7M | ||
| Q3 25 | $32.8M | $-17.8M | ||
| Q2 25 | $10.7M | $-3.1M | ||
| Q1 25 | $7.7M | $-4.0M | ||
| Q4 24 | $21.7M | $-9.2M | ||
| Q3 24 | $20.2M | $3.7M | ||
| Q2 24 | $-12.5M | $-3.7M | ||
| Q1 24 | $11.7M | $-10.2M |
| Q4 25 | $58.8M | $-56.2M | ||
| Q3 25 | $30.3M | $-20.6M | ||
| Q2 25 | $7.6M | $-3.5M | ||
| Q1 25 | $5.7M | $-6.8M | ||
| Q4 24 | $9.4M | $-9.3M | ||
| Q3 24 | $17.4M | $2.6M | ||
| Q2 24 | $-16.1M | $-5.9M | ||
| Q1 24 | $10.8M | $-11.6M |
| Q4 25 | 130.2% | -208.7% | ||
| Q3 25 | 41.8% | -84.5% | ||
| Q2 25 | 10.1% | -13.5% | ||
| Q1 25 | 8.2% | -27.3% | ||
| Q4 24 | 13.0% | -47.6% | ||
| Q3 24 | 34.2% | 8.4% | ||
| Q2 24 | -31.4% | -33.4% | ||
| Q1 24 | 22.8% | -30.3% |
| Q4 25 | 19.3% | 68.6% | ||
| Q3 25 | 3.4% | 11.5% | ||
| Q2 25 | 4.2% | 1.5% | ||
| Q1 25 | 3.0% | 11.5% | ||
| Q4 24 | 17.1% | 0.3% | ||
| Q3 24 | 5.4% | 3.6% | ||
| Q2 24 | 7.2% | 12.6% | ||
| Q1 24 | 1.9% | 3.7% |
| 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× | -2.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALRS
| Other | $17.3M | 38% |
| Retirement And Benefit Services | $17.3M | 38% |
| Wealth Management | $7.4M | 16% |
| Mortgage Banking | $3.2M | 7% |
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
