Alamar Biosciences, Inc.

ALMR

Healthcare Medical Devices

Alamar Biosciences, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $74.2 million, up 195.2% from fiscal 2024.

Revenue
+68.5%
EPS
+72.0%
Free cash flow
+1.07%

Quarter to September 2026, against a year earlier

28.05 1.14 +4.24%
Market cap
$2.0B
P/E
n/m
Fwd P/E
n/m
Dividend yield
—
F-score
n/a
ROIC
−38.9%
Net debt / EBITDA
0.7×
Dividend safety
n/a

Insider Decisions last twelve months

Net sold
$36.6M
Trades
7 sells · 2 buys
Ownership
48.2%

Capital & Financial Ratios $m

Size
Market Cap 1,950
Revenue ttm 114
Net income ttm (55)
Free cash flow ttm (68)
Net debt Q (227)
Valuation
P/E n/m
Forward P/E n/m
Price / sales 17.0 (above 10: high)
Forward P/S Powerpack
Price / FCF n/m
Price / book 6.4 (above 6: high)
Financial health
Current ratio Q 9.5 (at or above 1.5: strong)
Debt / equity Q n/m
Interest coverage Q (98.9)
Growth
Revenue growth Q +68.5% (above 0%: growing)
Operating income growth Q −92.0% (below 0%: shrinking)
EPS, this year −467.6% (below 0%: weak)
EPS, next year A +30.4% (at or above 15%: strong)
Revenue, next year A +64.9% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A −26.2% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash — 80 30 227
Receivables — 7 13 22
Inventory — 14 38 54
Other — 0 — —
— 107 95 318
2023 2024 2025 Q'26
Payables — 6 6 17
ST’ Debt — — — —
Other — — — —
— 17 24 33

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (1.74) (0.22) (0.19) — —
’25 (0.68) (0.62) (0.69) (0.60) (2.58)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 26 29 34 — —
’25 13 16 20 25 74
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (20) (11) (15) — —
’25 (13) (12) (14) (15) (54)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (21) (15) (15) — —
’25 (14) (13) (15) (17) (59)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — — 25 74 114 +195.2% 122 168 226 +45.0%
Gross margin, % — — — — — — — — 34.23 56.20 59.32 +22.0 pt
EBT — — — — — — — — (47) (29) (54) (38.0%)
EBT margin, % — — — — — — — — (187.18) (39.29) (47.62) +147.9 pt
Net income — — — — — — — — (47) (30) (55) (36.7%)
Per share, $
Per share, $ Revenue — — — — — — — — 2.39 6.43 1.65 +168.9%
Earnings — — — — — — — — (4.47) (2.58) (2.75) (42.3%)
Cash flow — — — — — — — — (5.25) (4.64) (0.88) (11.5%)
Capex — — — — — — — — (0.28) (0.47) (0.11) +66.1%
Free cash flow — — — — — — — — (5.53) (5.11) (0.99) (7.6%)
Book value — — — — — — — — (12.68) (13.76) 4.39 +8.6%
Shares, m — — — — — — — — 11 12 38 +9.8%
Valuation, ×
Valuation, × P/E — — — — — — — — 0.00 0.00 0.00 0.0
P/S — — — — — — — — 3.09 3.09 17.00 3.1
P/B — — — — — — — — 0.00 0.00 6.38 0.0
EV/Sales — — — — — — — — 3.21 3.21 15.10 3.2
EV/FCF — — — — — — — — (4.22) (4.22) (25.15) (4.2)
Cash, $m
Cash, $m Operating cash flow — — — — — — — — (55) (54) (61) (2.9%)
Capex — — — — — — — — (3) (5) (8) +82.3%
Free cash flow — — — — — — — — (58) (59) (68) +1.4%
Balance, $m
Balance, $m Working capital — — — — — — — — 90 71 284 (21.2%)
Net debt — — — — — — — — (80) (20) (227) (74.6%)
Shareholders’ equity — — — — — — — — (133) (159) 304 +19.1%
Returns, %
Returns, % ROA — — — — — — — — 0.00 (20.60) (20.85) (20.6) pt
ROIC — — — — — — — — 0.00 0.00 (38.90) 0.0 pt
ROE — — — — — — — — 0.00 20.40 (64.60) +20.4 pt
People
People Employees — — — — — — — — — 222 — —
Revenue/emp, $m — — — — — — — — 0.00 0.33 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026

Alamar Biosciences, Inc. vs peers in Medical Devices (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TMDX TransMedics Group, Inc. $3.1B 21.0× 56.4× +41.15% (above 0%: growing) −30.99% (below 0%: shrinking) −55.44% (below 0%: shrinking) 58.45% 13.86% Compare
UFPT UFP Technologies, Inc. $2.4B 30.6× 31.1× +11.57% (above 0%: growing) +25.55% (above 0%: growing) −35.77% (below 0%: shrinking) 29.44% 16.01% Compare
ESTA Establishment Labs Holdings Inc. $2.0B — (loss-making) — (loss-making) +33.86% (above 0%: growing) n/m +145.09% (above 0%: growing) 69.05% (3.64%) Compare
ALMR Alamar Biosciences, Inc. $2.0B — (loss-making) — (loss-making) +68.46% (above 0%: growing) n/m +1.07% (above 0%: growing) 61.54% (45.13%)
INSP Inspire Medical Systems, Inc. $1.9B 18.4× — (loss-making) −7.93% (below 0%: shrinking) n/m −33.06% (below 0%: shrinking) 86.05% (13.89%) Compare
BFLY Butterfly Network, Inc. $1.7B — (loss-making) — (loss-making) +51.70% (above 0%: growing) n/m +12.61% (above 0%: growing) 73.02% (41.66%) Compare
ENOV Enovis Corporation $1.6B — (loss-making) — (loss-making) +1.79% (above 0%: growing) n/m +20.30% (above 0%: growing) 60.83% 0.60% Compare
NVCR NovoCure Limited $1.6B — (loss-making) — (loss-making) +15.67% (above 0%: growing) n/m +5.54% (above 0%: growing) 76.98% (3.19%) Compare
CNMD CONMED Corporation $1.5B 21.3× 13.6× −0.70% (below 0%: shrinking) +635.00% (above 0%: growing) −3.65% (below 0%: shrinking) 56.37% 11.07% Compare
Median of peers $1.8B 21.1× 31.1× +13.62% +25.55% +0.95% 64.94% (1.29%)

All 149 Medical Devices stocks →

Alamar Biosciences, Inc. (ALMR) Latest News

17 Aug

Impact 3 · · The Motley Fool transcript
stockrow.com/ALMR · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com