Aeluma vs Nano Labs
Aeluma is the larger business, with $4.5m of revenue in fiscal 2026 against $3.8m for Nano Labs (1.2 times as much). Aeluma grew faster (-4.4% against -33.4%). Nano Labs kept more of each dollar of sales as profit: a net margin of 501.6% against -205.3%.
| Latest fiscal year | AelumaALMU, 2026 | Nano LabsNA, 2025 |
|---|---|---|
| Revenue | $4.5m | $3.8m |
| Revenue growth | -4.4% | -33.4% |
| Net income | −$9.2m | $18.8m |
| Operating margin | — | 264.4% |
| Net margin | -205.3% | 501.6% |
| Return on equity | -24.5% | 27.2% |
| Free cash flow | −$3.9m | −$15.1m |
| Cash | $56.0m | $1.2m |
| Total debt | $0 | $31.6m |
| Debt to equity | — | 29.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $231,939 |
| Employees | 27 | — |
| Market value | $143m | $31.8m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 59 sales | 0 buys, 91 sales |