Quarterly ResultAug 13, 2026, 04:26 PM
Alumis Q2 Net Loss $(142.2)M; Revenue $1.66M; Impairment $41.8M
AI Summary
Alumis Inc. reported a net loss of $(142.2) million for the second quarter of 2026, a significant decline from a net income of $59.3 million in the prior year, primarily due to an intangible asset impairment loss of $41.8 million. Total revenue decreased to $1.66 million from $2.67 million year-over-year. Despite the operational losses, the company strengthened its financial position through a public offering in January 2026, raising $324.4 million in net proceeds, and believes it has sufficient liquidity for at least 12 months.
Key Highlights
- Q2 2026 net loss was $(142.2) million, compared to net income of $59.3 million in Q2 2025.
- Total revenue for Q2 2026 decreased to $1.66 million from $2.67 million in Q2 2025.
- Reported basic EPS of $(1.11) for Q2 2026, down from $0.78 in Q2 2025.
- Incurred an intangible assets impairment loss of $41.8 million in Q2 2026.
- Net cash used in operating activities for H1 2026 was $(168.6) million.
- Completed a public offering in January 2026, generating $324.4 million in net proceeds.
- Cash and cash equivalents stood at $63.7 million as of June 30, 2026.
- Marketable securities increased to $438.6 million as of June 30, 2026.
Price Impact
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