Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Aeluma, Inc.ALMU · business equipment | |
|---|---|
| Grade |  Astrongest fifth of 497 graded peers; percentile 4.6, sampling error 2.2 points; lower is stronger |
| Rank | 24 of 497 |
| Profitability | C/Dpercentile 59.5 |
| Solvency | Apercentile 1.7 |
| Growth and financing | Bpercentile 29.0 |
| Reliability | 0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025 |
| Peer failure rate | 1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $12.5M to $120M assetstotal assets $60.7M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none active · fortress balance sheetnot computable: distress |
| Inputs computable | 7 of 14 |
| Graded from | filings received through Sep 16, 202623 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $11.912026-10-08; market equity $229.5M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Sep 16, 2026; the document on sec.gov.
“our,” “us,” or the “Company”) develops high-performance photonic and electronic technologies for communications and sensing in telecom, artificial intelligence (“AI”) datacom, mobile, defense and aerospace, robotics, automotive, augmented reality/virtual reality (“AR/VR”), and quantum applications. Our proprietary platform combines compound semiconductor materials with large-diameter substrates to leverage manufacturing infrastructure used in high-volume microelectronics. Our technology and product development activities have focused on photodetectors, photodetector arrays, lasers, optical amplifiers, and other technologies.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 59.5 | |||||||
| Gross profitability | 2.6% | [1-2,5] | 28.5% | 90.3 | 558 | 2026-06-30 | |
| Return on invested capital | not computable | 10.9% | |||||
| required facts have no common fiscal period end | |||||||
| Accruals ratio | (14.7%) | [1,6-8] | (7.4%) | 28.7 | 621 | 2026-06-30 | |
| Gross margin stability, five years | not computable | 2.4 pts | |||||
| five annual gross margins are required; found 4 | |||||||
| Solvency, sleeve percentile 1.7 | |||||||
| Twelve-month failure probability | not computable | 0.05% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 19.50 | [1,9-14] | 2.18 | 1.6 | 566 | 2026-06-30 | |
| Net debt to EBITDA | not computable | 1.11x | |||||
| required facts have no common fiscal period end | |||||||
| Interest coverage | not computable | 3.77x | |||||
| one or more required annual facts are missing | |||||||
| Current ratio | 30.32x | [9-10] | 2.02x | 1.8 | 666 | 2026-06-30 | |
| Growth and financing, sleeve percentile 29.0 | |||||||
| Revenue growth, three-year compound | 184.7% | [2,15-17] | 6.4% | 0.2 | 538 | 2026-06-30 | |
| Free cash flow growth, three-year compound | not computable | 17.2% | |||||
| four consecutive annual FCF observations are required; found 4 | |||||||
| Reinvestment rate | not computable | 14.3% | |||||
| required facts have no common fiscal period end | |||||||
| Asset growth, three years | 103.8% | [1,8,18-19] | 5.0% | 2.1 | 563 | 2026-06-30 | |
| Net share issuance, one year | 21.2% | [20-21] | 0.5% | 84.7 | 407 | 2026-09-11 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.459; sampling error 2.2 percentile points on 497 peers.
Among 497 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 19 | Five9, Inc. (FIVN) Five9, Inc. (FIVN) Astrongest fifth; percentile 3.6 Nasdaq · Services-Computer Processing & Data Preparation market equity $2.6B; last close $35.13 No active warnings; 10 of 14 inputs | 3.6 | A | |
| 20 | Optex Systems Holdings Inc. (OPXS) Optex Systems Holdings Inc. (OPXS) Astrongest fifth; percentile 3.8 Nasdaq · Optical Instruments & Lenses market equity $69.6M; last close $10.02 No active warnings; 10 of 14 inputs | 3.8 | A | |
| 21 | Agilysys Inc. (AGYS) Agilysys Inc. (AGYS) Astrongest fifth; percentile 4.0 Nasdaq · Services-Computer Integrated Systems Design market equity $2.9B; last close $102.53 No active warnings; 10 of 14 inputs | 4.0 | A | |
| 22 | EverQuote, Inc. (EVER) EverQuote, Inc. (EVER) Astrongest fifth; percentile 4.2 Nasdaq · Services-Computer Programming, Data Processing, Etc. last close $20.73 No active warnings; 7 of 14 inputs | 4.2 | A | |
| 23 | A10 Networks, Inc. (ATEN) A10 Networks, Inc. (ATEN) Astrongest fifth; percentile 4.4 NYSE · Computer Communications Equipment market equity $2.0B; last close $27.97 No active warnings; 11 of 14 inputs | 4.4 | A | |
| 24 | Aeluma, Inc. (ALMU) Aeluma, Inc. (ALMU) Astrongest fifth; percentile 4.6 Nasdaq · Semiconductors & Related Devices market equity $229.8M; last close $11.91 Warnings: fortress balance sheet; 7 of 14 inputs | 4.6 | A | fortress balance sheet |
| 25 | Veeva Systems Inc. (VEEV) Veeva Systems Inc. (VEEV) Astrongest fifth; percentile 4.8 NYSE · Services-Prepackaged Software market equity $46.1B; last close $284.63 No active warnings; 8 of 14 inputs | 4.8 | A | |
| 26 | Monolithic Power Systems, Inc. (MPWR) Monolithic Power Systems, Inc. (MPWR) Astrongest fifth; percentile 5.0 Nasdaq · Semiconductors & Related Devices market equity $67.3B; last close $1,370.28 No active warnings; 8 of 14 inputs | 5.0 | A | |
| 27 | Dynatrace, Inc. (DT) Dynatrace, Inc. (DT) Astrongest fifth; percentile 5.2 NYSE · Services-Prepackaged Software market equity $17.7B; last close $61.15 Warnings: fortress balance sheet; 11 of 14 inputs | 5.2 | A | fortress balance sheet |
| 28 | AppLovin Corp. (APP) AppLovin Corp. (APP) Astrongest fifth; percentile 5.4 Nasdaq · Services-Computer Programming, Data Processing, Etc. market equity $93.9B; last close $280.02 No active warnings; 11 of 14 inputs | 5.4 | A | |
| 29 | Coda Octopus Group, Inc. (CODA) Coda Octopus Group, Inc. (CODA) Astrongest fifth; percentile 5.6 Nasdaq · Search, Detection, Navigation, Guidance, Aeronautical Sys market equity $115.7M; last close $10.14 Warnings: fortress balance sheet; 10 of 14 inputs | 5.6 | A | fortress balance sheet |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | A | 3.5 | 2204 |
| sector peers, equal sleeves (the grade) | A | 4.6 | 497 |
| same exchange, equal sleeves | A | 3.2 | 1219 |
| sector peers, equal inputs | A | 5.2 | 497 |
Each letter is one fifth of the 497 graded peers, about 99 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (18.6%) | 2.2% | 31 | hotter than 31 of 100 peers |
| Distance from 52-week high | (62.1%) | (30.0%) | 16 | closer to its high than 16 of 100 peers |
| EBIT to enterprise value | (5.8%) | 1.5% | 19 | pricier than 81 of 100 peers |
| Free cash flow yield | (1.7%) | 2.7% | 21 | pricier than 79 of 100 peers |
| Book value to price | 0.25 | 0.23 | 53 | pricier than 47 of 100 peers |
| Sales to price | 0.02 | 0.30 | 3 | pricier than 97 of 100 peers |
| Composite equity issuance, five years | not computable | 3.9% | five-year total-return history is required | |
| Relative strength against the sector, log excess return | (0.49) | (0.26) | 31 | ahead of 31 of 100 peers |
Inputs: market equity $229.8M; EBIT -$10.2M; free cash flow -$3.9M; book equity $56.9M; sales $4.5M; debt $296,452; cash $56.0M[20].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2026-06-30 | ||
|---|---|---|
| Return on assets above zero | (47.2%) | ✗ fail[6,8] |
| Operating cash flow above zero | -$3.3M | ✗ fail[7] |
| Return on assets improved | 31.4 pts | ✓ pass[6,8,18,22] |
| Operating cash flow exceeds net income | $5.9M | ✓ pass[6-7] |
| Long-term leverage fell | n/a[1,8,18] | |
| Current ratio improved | 573.5 pts | ✓ pass[9-10,23-24] |
| No new shares issued | 21.2% | ✗ fail[20-21] |
| Gross margin improved | (24.4 pts) | ✗ fail[2,5,15,25] |
| Asset turnover improved | (98.4 pts) | ✗ fail[2,8,15,18] |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $60.7M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:Revenues | $4.5M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $3.7M | 2022-06-30 | 2022-09-28 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebtAndCapitalLeaseObligations | $458,705 | 2022-06-30 | 2022-09-28 | 10-K | filing · viewer · series |
| 5 | cost of revenue | us-gaap:CostOfRevenue | $2.9M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | -$9.2M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$3.3M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $19.4M | 2025-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 9 | current assets | us-gaap:AssetsCurrent | $57.3M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 10 | current liabilities | us-gaap:LiabilitiesCurrent | $1.9M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 11 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$25.8M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 12 | operating income | us-gaap:OperatingIncomeLoss | -$10.2M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 13 | book equity | us-gaap:StockholdersEquity | $56.9M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 14 | liabilities | us-gaap:Liabilities | $3.7M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:Revenues | $4.7M | 2025-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:Revenues | $919,000 | 2024-06-30 | 2025-09-09 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:Revenues | $193,339 | 2023-06-30 | 2024-09-27 | 10-K | filing · viewer · series |
| 18 | assets | us-gaap:Assets | $3.8M | 2024-06-30 | 2025-09-09 | 10-K | filing · viewer · series |
| 19 | assets | us-gaap:Assets | $7.2M | 2023-06-30 | 2024-09-27 | 10-K | filing · viewer · series |
| 20 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 19,265,671 | 2026-09-11 | 2026-09-16 | 10-K | filing · viewer · series |
| 21 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 15,892,887 | 2025-09-07 | 2025-09-09 | 10-K | filing · viewer · series |
| 22 | net income | us-gaap:NetIncomeLoss | -$3.0M | 2025-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 23 | current assets | us-gaap:AssetsCurrent | $17.3M | 2025-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 24 | current liabilities | us-gaap:LiabilitiesCurrent | $705,000 | 2025-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 25 | cost of revenue | us-gaap:CostOfRevenue | $1.9M | 2025-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 26 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $56.0M | 2026-06-30 | 2026-09-16 | 10-K | filing · viewer · series |
| 27 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$1.6M | 2026-03-31 | 2026-05-13 | 10-Q | filing · viewer · series |
| 28 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$1.1M | 2025-12-31 | 2026-02-11 | 10-Q | filing · viewer · series |
| 29 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$815,000 | 2025-09-30 | 2025-11-12 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 4.6 is 15.4 points from the nearest band edge; sampling error is 2.2 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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