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Side-by-side financial comparison of ALERUS FINANCIAL CORP (ALRS) and Nano Dimension Ltd. (NNDM). Click either name above to swap in a different company.

Nano Dimension Ltd. is the larger business by last-quarter revenue ($57.8M vs $45.2M, roughly 1.3× ALERUS FINANCIAL CORP). ALERUS FINANCIAL CORP runs the higher net margin — -73.2% vs -171.1%, a 97.9% gap on every dollar of revenue. ALERUS FINANCIAL CORP produced more free cash flow last quarter ($58.8M vs $-21.1M).

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.

Nano Dimension Ltd. is a leading provider of additively manufactured electronics solutions and 3D printing technologies. It designs high-precision 3D printers, related materials, and software for producing printed circuit boards, microelectronics components, and multi-layer electronic devices, serving aerospace, defense, medical, automotive, and industrial electronics segments across global markets.

ALRS vs NNDM — Head-to-Head

Bigger by revenue
NNDM
NNDM
1.3× larger
NNDM
$57.8M
$45.2M
ALRS
Higher net margin
ALRS
ALRS
97.9% more per $
ALRS
-73.2%
-171.1%
NNDM
More free cash flow
ALRS
ALRS
$79.9M more FCF
ALRS
$58.8M
$-21.1M
NNDM

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
ALRS
ALRS
NNDM
NNDM
Revenue
$45.2M
$57.8M
Net Profit
$-33.1M
$-98.8M
Gross Margin
43.1%
Operating Margin
-96.0%
-155.1%
Net Margin
-73.2%
-171.1%
Revenue YoY
18.0%
Net Profit YoY
-49232.8%
EPS (diluted)
$-1.27
$-0.45

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
NNDM
NNDM
Q4 25
$45.2M
Q3 25
$72.6M
Q2 25
$74.8M
Q1 25
$68.8M
Q4 24
$72.2M
$57.8M
Q3 24
$50.9M
Q2 24
$51.4M
$28.4M
Q1 24
$47.5M
Net Profit
ALRS
ALRS
NNDM
NNDM
Q4 25
$-33.1M
Q3 25
$16.9M
Q2 25
$20.3M
Q1 25
$13.3M
Q4 24
$-67.0K
$-98.8M
Q3 24
$5.2M
Q2 24
$6.2M
$-79.2M
Q1 24
$6.4M
Gross Margin
ALRS
ALRS
NNDM
NNDM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
43.1%
Q3 24
Q2 24
45.8%
Q1 24
Operating Margin
ALRS
ALRS
NNDM
NNDM
Q4 25
-96.0%
Q3 25
30.4%
Q2 25
35.2%
Q1 25
25.5%
Q4 24
-0.8%
-155.1%
Q3 24
13.4%
Q2 24
15.8%
Q1 24
17.9%
Net Margin
ALRS
ALRS
NNDM
NNDM
Q4 25
-73.2%
Q3 25
23.3%
Q2 25
27.1%
Q1 25
19.4%
Q4 24
-0.2%
-171.1%
Q3 24
10.2%
Q2 24
12.1%
-279.4%
Q1 24
13.5%
EPS (diluted)
ALRS
ALRS
NNDM
NNDM
Q4 25
$-1.27
Q3 25
$0.65
Q2 25
$0.78
Q1 25
$0.52
Q4 24
$-0.06
$-0.45
Q3 24
$0.26
Q2 24
$0.31
$-0.35
Q1 24
$0.32

Balance Sheet & Financial Strength

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

Metric
ALRS
ALRS
NNDM
NNDM
Cash + ST InvestmentsLiquidity on hand
$67.2M
$317.2M
Total DebtLower is stronger
$59.2M
Stockholders' EquityBook value
$564.9M
$860.0M
Total Assets
$5.2B
$902.5M
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALRS
ALRS
NNDM
NNDM
Q4 25
$67.2M
Q3 25
$92.0M
Q2 25
$80.9M
Q1 25
$83.0M
Q4 24
$61.2M
$317.2M
Q3 24
$66.0M
Q2 24
$438.1M
$231.8M
Q1 24
$545.8M
Total Debt
ALRS
ALRS
NNDM
NNDM
Q4 25
$59.2M
Q3 25
$59.2M
Q2 25
$59.1M
Q1 25
$59.1M
Q4 24
$59.1M
Q3 24
$59.0M
Q2 24
$59.0M
Q1 24
$59.0M
Stockholders' Equity
ALRS
ALRS
NNDM
NNDM
Q4 25
$564.9M
Q3 25
$550.7M
Q2 25
$533.2M
Q1 25
$514.2M
Q4 24
$495.4M
$860.0M
Q3 24
$386.5M
Q2 24
$373.2M
$870.3M
Q1 24
$371.6M
Total Assets
ALRS
ALRS
NNDM
NNDM
Q4 25
$5.2B
Q3 25
$5.3B
Q2 25
$5.3B
Q1 25
$5.3B
Q4 24
$5.3B
$902.5M
Q3 24
$4.4B
Q2 24
$4.4B
$911.0M
Q1 24
$4.3B
Debt / Equity
ALRS
ALRS
NNDM
NNDM
Q4 25
0.10×
Q3 25
0.11×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
0.12×
Q3 24
0.15×
Q2 24
0.16×
Q1 24
0.16×

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
NNDM
NNDM
Operating Cash FlowLast quarter
$67.5M
$-18.9M
Free Cash FlowOCF − Capex
$58.8M
$-21.1M
FCF MarginFCF / Revenue
130.2%
-36.5%
Capex IntensityCapex / Revenue
19.3%
3.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$102.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALRS
ALRS
NNDM
NNDM
Q4 25
$67.5M
Q3 25
$32.8M
Q2 25
$10.7M
Q1 25
$7.7M
Q4 24
$21.7M
$-18.9M
Q3 24
$20.2M
Q2 24
$-12.5M
$-30.7M
Q1 24
$11.7M
Free Cash Flow
ALRS
ALRS
NNDM
NNDM
Q4 25
$58.8M
Q3 25
$30.3M
Q2 25
$7.6M
Q1 25
$5.7M
Q4 24
$9.4M
$-21.1M
Q3 24
$17.4M
Q2 24
$-16.1M
Q1 24
$10.8M
FCF Margin
ALRS
ALRS
NNDM
NNDM
Q4 25
130.2%
Q3 25
41.8%
Q2 25
10.1%
Q1 25
8.2%
Q4 24
13.0%
-36.5%
Q3 24
34.2%
Q2 24
-31.4%
Q1 24
22.8%
Capex Intensity
ALRS
ALRS
NNDM
NNDM
Q4 25
19.3%
Q3 25
3.4%
Q2 25
4.2%
Q1 25
3.0%
Q4 24
17.1%
3.8%
Q3 24
5.4%
Q2 24
7.2%
Q1 24
1.9%
Cash Conversion
ALRS
ALRS
NNDM
NNDM
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%

NNDM
NNDM

Segment breakdown not available.

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