Filing Flows › Alumis (ALMS) › Q1 2026
Alumis (ALMS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Alumis (ALMS) reported revenue of $1.7M for the first quarter 2026 (Q1 2026), -90% from a year earlier and -10% from the quarter before.
Alumis, Q1 2026: revenue $1.7M (-90% year over year), net loss $93.1M, operating cash flow −$87.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | -10% | -90% |
| Operating profit | −$98.4M | — | — |
| Net earnings | −$93.1M | — | — |
| Operating cash flow | −$87.1M | — | — |
What changed
Revenue was $1.7M in Q1 2026, down 90% year over year and down 10% from the previous quarter.
Operating costs exceeded revenue by $98.4M, an operating margin of -5652.4%. Total costs fell 16% while revenue fell 90%. The quarter ended with a net loss of $93.1M, wider than the previous quarter's $92.9M loss.
Operating cash flow was −$87.1M. Non-cash charges added back $871K of depreciation and amortization and $12.3M of share-based compensation. Working capital and other items used $7.2M. Capital expenditures of $164K exceeded it, leaving free cash flow of −$87.2M.
Questions
What was Alumis' revenue in the first quarter 2026?
Alumis (ALMS) reported revenue of $1.7M for the first quarter 2026 (Q1 2026), -90% from a year earlier and -10% from the quarter before.
Source: Alumis 10-Q on SEC EDGAR.