Aeluma vs Peraso
Peraso is the larger business, with $12.2m of revenue in fiscal 2025 against $4.5m for Aeluma (2.7 times as much). Aeluma grew faster (-4.4% against -16.3%). Peraso kept more of each dollar of sales as profit: a net margin of -39.0% against -205.3%.
| Latest fiscal year | AelumaALMU, 2026 | PerasoPRSO, 2025 |
|---|---|---|
| Revenue | $4.5m | $12.2m |
| Revenue growth | -4.4% | -16.3% |
| Net income | −$9.2m | −$4.8m |
| Operating margin | — | -39.0% |
| Net margin | -205.3% | -39.0% |
| Return on equity | -24.5% | -117.3% |
| Free cash flow | −$3.9m | −$5.7m |
| Cash | $56.0m | $2.9m |
| Total debt | $0 | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 27 | 42 |
| Market value | $143m | $6.1m |
| Price vs our value range | — | — |
| Moat score | — | 26 (Weak) |
| Insider trades, 12 months | 0 buys, 59 sales | 0 buys, 0 sales |