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Alumis (ALMS) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 13, 2025

Alumis (ALMS) reported revenue of $2.7M for the second quarter 2025 (Q2 2025) and -85% from the quarter before.

Revenue$2.7M
Year over year—
Quarter over quarter-85%
Operating margin—
Net earnings$59.3M

Alumis, Q2 2025: revenue $2.7M, net earnings $59.3M, operating cash flow −$106M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$2.7M-85%—
Operating profit−$141M——
Net earnings$59.3M——
Operating cash flow−$106M——

What changed

Revenue was $2.7M in Q2 2025, down 85% from the previous quarter.

Operating costs exceeded revenue by $140.5M, an operating margin of -5271.5%. Net earnings were $59.3M. The effective tax rate was -16.9%. Non-operating items added $191.3M, 377% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$106.4M. Non-cash charges added back $870K of depreciation and amortization and $18.6M of share-based compensation. Working capital and other items used $185.2M. Capital expenditures of $616K exceeded it, leaving free cash flow of −$107.0M.

Questions

What was Alumis' revenue in the second quarter 2025?

Alumis (ALMS) reported revenue of $2.7M for the second quarter 2025 (Q2 2025) and -85% from the quarter before.

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Source: Alumis 10-Q on SEC EDGAR.