Adagene vs Alumis
Alumis is the larger business, with $24.1m of revenue in fiscal 2025 against $7.7m for Adagene (3.1 times as much). Adagene kept more of each dollar of sales as profit: a net margin of -229.6% against -1011.7%. Alumis carries less debt relative to equity (0.0% against 17.3%).
| Latest fiscal year | AdageneADAG, 2025 | AlumisALMS, 2025 |
|---|---|---|
| Revenue | $7.7m | $24.1m |
| Revenue growth | 7332.8% | — |
| Net income | −$17.6m | −$243m |
| Operating margin | -279.5% | -1886.9% |
| Net margin | -229.6% | -1011.7% |
| Return on equity | -41.0% | -80.8% |
| Free cash flow | −$15.7m | −$370m |
| Cash | $74.5m | $89.7m |
| Total debt | $6.1m | $0 |
| Debt to equity | 17.3% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $17,000 |
| Employees | — | — |
| Market value | $113m | $829m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 5 buys, 0 sales | 39 buys, 9 sales |