Aeluma, Inc. (ALMU) intrinsic value & 10-year financials

Aeluma, Inc. (ALMU) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 391.2% a year to $4.7M, with an average return on invested capital of -258.6%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$7.95
Market cap
$104.7M
Revenue (FY2025)
$4.7M
Revenue growth (7-yr CAGR)
391.2%
ROIC (10-yr avg)
-258.6%
Free cash flow (FY2025)
-$1.3M

ALMU 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.7M -$3.0M -$0.23 -$1.3M -45.9% -35.6%
FY2024 $918.6K -$4.6M -$0.37 -$3.8M -496.8% -279.8%
FY2023 $193.3K -$5.4M -$0.47 -$4.2M -2849.8% -341.2%
FY2022 — -$3.5M -$0.32 -$2.8M — -189.9%
FY2021 — — — — — —
FY2020 — -$13.5K -$0.02 — — -446.6%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Aeluma, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Aeluma, Inc. has historically struggled to out-earn its cost of capital, averaging just -9.6% ROIC.

Aeluma, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Aeluma, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-7.64 per share.

ALMU stock: frequently asked questions

What is the intrinsic value of Aeluma, Inc. (ALMU) stock?

Graham's formula only works with positive earnings. Aeluma, Inc. reported diluted EPS of -$0.23 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Aeluma, Inc. generate free cash flow?

Aeluma, Inc. generated -$1.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 4 reported years.

What is ALMU's return on invested capital?

Average ROIC over the last 7 fiscal years was -258.6%, and average return on equity was -146.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ALMU data come from?

From Aeluma, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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