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Side-by-side financial comparison of ALERUS FINANCIAL CORP (ALRS) and Neuronetics, Inc. (STIM). Click either name above to swap in a different company.
ALERUS FINANCIAL CORP is the larger business by last-quarter revenue ($45.2M vs $41.8M, roughly 1.1× Neuronetics, Inc.). Neuronetics, Inc. runs the higher net margin — -17.2% vs -73.2%, a 55.9% gap on every dollar of revenue. On growth, Neuronetics, Inc. posted the faster year-over-year revenue change (85.7% vs 18.0%). ALERUS FINANCIAL CORP produced more free cash flow last quarter ($58.8M vs $692.0K). Over the past eight quarters, Neuronetics, Inc.'s revenue compounded faster (54.9% CAGR vs -2.5%).
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.
Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology.
ALRS vs STIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.2M | $41.8M |
| Net Profit | $-33.1M | $-7.2M |
| Gross Margin | — | 52.0% |
| Operating Margin | -96.0% | -12.1% |
| Net Margin | -73.2% | -17.2% |
| Revenue YoY | 18.0% | 85.7% |
| Net Profit YoY | -49232.8% | 43.2% |
| EPS (diluted) | $-1.27 | $-0.10 |
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 | $41.8M | ||
| Q3 25 | $72.6M | $37.3M | ||
| Q2 25 | $74.8M | $38.1M | ||
| Q1 25 | $68.8M | $32.0M | ||
| Q4 24 | $72.2M | $22.5M | ||
| Q3 24 | $50.9M | $18.5M | ||
| Q2 24 | $51.4M | $16.4M | ||
| Q1 24 | $47.5M | $17.4M |
| Q4 25 | $-33.1M | $-7.2M | ||
| Q3 25 | $16.9M | $-9.0M | ||
| Q2 25 | $20.3M | $-10.1M | ||
| Q1 25 | $13.3M | $-12.7M | ||
| Q4 24 | $-67.0K | $-12.7M | ||
| Q3 24 | $5.2M | $-13.3M | ||
| Q2 24 | $6.2M | $-9.8M | ||
| Q1 24 | $6.4M | $-7.9M |
| Q4 25 | — | 52.0% | ||
| Q3 25 | — | 45.9% | ||
| Q2 25 | — | 46.6% | ||
| Q1 25 | — | 49.2% | ||
| Q4 24 | — | 66.2% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 75.1% |
| Q4 25 | -96.0% | -12.1% | ||
| Q3 25 | 30.4% | -19.6% | ||
| Q2 25 | 35.2% | -21.1% | ||
| Q1 25 | 25.5% | -34.4% | ||
| Q4 24 | -0.8% | -51.0% | ||
| Q3 24 | 13.4% | -41.7% | ||
| Q2 24 | 15.8% | -51.7% | ||
| Q1 24 | 17.9% | -39.4% |
| Q4 25 | -73.2% | -17.2% | ||
| Q3 25 | 23.3% | -24.3% | ||
| Q2 25 | 27.1% | -26.6% | ||
| Q1 25 | 19.4% | -39.6% | ||
| Q4 24 | -0.2% | -56.4% | ||
| Q3 24 | 10.2% | -72.0% | ||
| Q2 24 | 12.1% | -59.8% | ||
| Q1 24 | 13.5% | -45.2% |
| Q4 25 | $-1.27 | $-0.10 | ||
| Q3 25 | $0.65 | $-0.13 | ||
| Q2 25 | $0.78 | $-0.15 | ||
| Q1 25 | $0.52 | $-0.21 | ||
| Q4 24 | $-0.06 | $-0.34 | ||
| Q3 24 | $0.26 | $-0.44 | ||
| Q2 24 | $0.31 | $-0.33 | ||
| Q1 24 | $0.32 | $-0.27 |
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 | $28.1M |
| Total DebtLower is stronger | $59.2M | $65.8M |
| Stockholders' EquityBook value | $564.9M | $22.4M |
| Total Assets | $5.2B | $141.6M |
| Debt / EquityLower = less leverage | 0.10× | 2.94× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.2M | $28.1M | ||
| Q3 25 | $92.0M | $28.0M | ||
| Q2 25 | $80.9M | $11.0M | ||
| Q1 25 | $83.0M | $20.2M | ||
| Q4 24 | $61.2M | $18.5M | ||
| Q3 24 | $66.0M | $20.9M | ||
| Q2 24 | $438.1M | $42.6M | ||
| Q1 24 | $545.8M | $47.7M |
| Q4 25 | $59.2M | $65.8M | ||
| Q3 25 | $59.2M | $65.7M | ||
| Q2 25 | $59.1M | $55.5M | ||
| Q1 25 | $59.1M | $55.3M | ||
| Q4 24 | $59.1M | $55.2M | ||
| Q3 24 | $59.0M | $46.0M | ||
| Q2 24 | $59.0M | $59.8M | ||
| Q1 24 | $59.0M | $59.4M |
| Q4 25 | $564.9M | $22.4M | ||
| Q3 25 | $550.7M | $27.4M | ||
| Q2 25 | $533.2M | $27.1M | ||
| Q1 25 | $514.2M | $35.5M | ||
| Q4 24 | $495.4M | $27.7M | ||
| Q3 24 | $386.5M | $9.4M | ||
| Q2 24 | $373.2M | $19.4M | ||
| Q1 24 | $371.6M | $27.7M |
| Q4 25 | $5.2B | $141.6M | ||
| Q3 25 | $5.3B | $145.5M | ||
| Q2 25 | $5.3B | $134.7M | ||
| Q1 25 | $5.3B | $142.0M | ||
| Q4 24 | $5.3B | $140.9M | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | $96.8M | ||
| Q1 24 | $4.3B | $103.8M |
| Q4 25 | 0.10× | 2.94× | ||
| Q3 25 | 0.11× | 2.40× | ||
| Q2 25 | 0.11× | 2.05× | ||
| Q1 25 | 0.11× | 1.56× | ||
| Q4 24 | 0.12× | 1.99× | ||
| Q3 24 | 0.15× | 4.90× | ||
| Q2 24 | 0.16× | 3.08× | ||
| Q1 24 | 0.16× | 2.15× |
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 | $908.0K |
| Free Cash FlowOCF − Capex | $58.8M | $692.0K |
| FCF MarginFCF / Revenue | 130.2% | 1.7% |
| Capex IntensityCapex / Revenue | 19.3% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.4M | $-21.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.5M | $908.0K | ||
| Q3 25 | $32.8M | $-785.0K | ||
| Q2 25 | $10.7M | $-3.5M | ||
| Q1 25 | $7.7M | $-17.0M | ||
| Q4 24 | $21.7M | $-8.6M | ||
| Q3 24 | $20.2M | $-5.4M | ||
| Q2 24 | $-12.5M | $-5.0M | ||
| Q1 24 | $11.7M | $-12.0M |
| Q4 25 | $58.8M | $692.0K | ||
| Q3 25 | $30.3M | $-899.0K | ||
| Q2 25 | $7.6M | $-3.8M | ||
| Q1 25 | $5.7M | $-17.2M | ||
| Q4 24 | $9.4M | $-8.7M | ||
| Q3 24 | $17.4M | $-5.8M | ||
| Q2 24 | $-16.1M | $-5.6M | ||
| Q1 24 | $10.8M | $-12.4M |
| Q4 25 | 130.2% | 1.7% | ||
| Q3 25 | 41.8% | -2.4% | ||
| Q2 25 | 10.1% | -9.9% | ||
| Q1 25 | 8.2% | -53.8% | ||
| Q4 24 | 13.0% | -38.6% | ||
| Q3 24 | 34.2% | -31.3% | ||
| Q2 24 | -31.4% | -34.0% | ||
| Q1 24 | 22.8% | -71.1% |
| Q4 25 | 19.3% | 0.5% | ||
| Q3 25 | 3.4% | 0.3% | ||
| Q2 25 | 4.2% | 0.7% | ||
| Q1 25 | 3.0% | 0.7% | ||
| Q4 24 | 17.1% | 0.4% | ||
| Q3 24 | 5.4% | 2.1% | ||
| Q2 24 | 7.2% | 3.7% | ||
| Q1 24 | 1.9% | 2.2% |
| 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
| Other | $17.3M | 38% |
| Retirement And Benefit Services | $17.3M | 38% |
| Wealth Management | $7.4M | 16% |
| Mortgage Banking | $3.2M | 7% |
STIM
Segment breakdown not available.
