Aeluma, Inc.
ALMU Technology Semiconductors
Aeluma, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $4.5 million, down 4.37% from fiscal 2025. In the quarter to June 2026, revenue fell 55.8%, EPS fell 340.0% and free cash flow fell 1,197.9%, each against the same quarter a year earlier.
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Aeluma, Inc. (ALMU) Altman Z-score
Aeluma, Inc.'s Altman Z-score for fiscal 2026 is 62.73, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 62.73 | (22.74) |
| FY2025 | 85.47 | 76.99 |
| FY2024 | 8.48 | (6.79) |
| FY2023 | 15.28 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.91 | — | 1.10 | |
| Retained earnings / total assets | (0.43) | — | −0.60 | |
| EBIT / total assets | (0.17) | — | −0.55 | |
| Market value of equity / total liabilities | 104.52 | — | 62.71 | |
| Sales / total assets | 0.07 | — | 0.07 | |
| Altman Z-score | Safe zone | 62.73 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 19.50 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ALMU Aeluma, Inc. | 62.7× |
| LAES SEALSQ Corp. compare | 7.8× |
| MRAM EVERSPIN TECH compare | 6.9× |
| GSIT GSI Technology, Inc. compare | 5.9× |
| MX Magnachip Semiconductor Corp. compare | 2.0× |
| VLN Valens Semiconductor, Ltd. compare | 0.9× |
| INDI indie Semiconductor, Inc. compare | −0.2× |
| QUIK QuickLogic Corporation compare | −8.0× |
| GCTS GCT Semiconductor Holding, Inc. compare | −66.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets