ALUMIS INC.
Business
Alumis Inc. is a clinical-stage biopharmaceutical company developing targeted therapies for immune-mediated diseases, with a focus on TYK2 inhibitors and monoclonal antibodies. The company's lead candidate, envudeucitinib (envu), is a second-generation TYK2 inhibitor in Phase 3 development for plaque psoriasis and Phase 2b for systemic lupus erythematosus. Alumis also develops A-005, a CNS-penetrant TYK2 inhibitor for neuroinflammatory diseases, and lonigutamab, an IGF-1R monoclonal antibody for thyroid eye disease, acquired through the ACELYRIN merger. The company operates across multiple geographic markets including the United States, European Union, and Asia-Pacific regions.
Summary from 10-K filed 2026-03-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Total revenue | 24 | — | — | |
| Research and development expenses, including related party expenses of $1,144 and $912 for the years ended December 31, 2025 and 2024, respectively | 386 | 266 | 138 | |
| General and administrative expenses | 92 | 35 | 20 | |
| Total operating expenses | 478 | 301 | 158 | |
| Loss from operations | −454 | −301 | −158 | |
| Gain on bargain purchase | 188 | — | — | |
| Interest income | 14 | 12 | 3 | |
| Change in fair value of derivative liability | — | −5 | −119,000 | |
| Other income (expenses), net | −169,000 | −93,000 | −68,000 | |
| Total other income (expense), net | 202 | 7 | 3 | |
| Net loss before income taxes | −252 | −294 | — | |
| Income tax benefit | 9 | 0 | — | |
| Net loss | −243 | −294 | −155 | |
| Unrealized gain (loss) on marketable securities, net | 148,000 | 38,000 | 129,000 | |
| Total comprehensive loss | −243 | −294 | −155 | |
| Net loss per share attributable to common stockholders, basic | −2.86 | −10.38 | −72.08 | |
| Net loss per share attributable to common stockholders, diluted | −2.86 | −10.38 | −72.08 | |
| Weighted-average shares of common stock outstanding, basic | 85 | 28 | 2 | |
| Weighted-average shares of common stock outstanding, diluted | 85 | 28 | 2 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 90 | 170 | 46 | — | |
| Restricted cash | 82,000 | — | 113,000 | — | |
| Marketable securities | 219 | 119 | 3 | — | |
| Research and development prepaid expenses | 3 | 13 | 3 | — | |
| Other prepaid expenses and current assets | 7 | 5 | 2 | — | |
| Total current assets | 318 | 306 | 53 | — | |
| Restricted cash, non-current | 1 | 1 | 1 | — | |
| Property and equipment, net | 18 | 21 | 22 | — | |
| Intangible assets | 51 | — | — | — | |
| Operating lease right-of-use assets, net | 17 | 13 | 13 | — | |
| Other assets, non-current | 6 | 7,000 | 7,000 | — | |
| Total assets | 412 | 341 | 90 | — | |
| Accounts payable | 10 | 10 | 1 | — | |
| Research and development accrued expenses | 35 | 29 | 11 | — | |
| Deferred revenue, current | 1 | — | — | — | |
| Other accrued expenses and current liabilities | 22 | 11 | 7 | — | |
| Operating lease liabilities, current | 5 | 2 | 2 | — | |
| Total current liabilities | 73 | 51 | 21 | — | |
| Operating lease liabilities, non-current | 32 | 29 | 31 | — | |
| Deferred revenue, non-current | 3 | — | — | — | |
| Deferred tax liability | 2 | — | — | — | |
| Share repurchase liability | 123,000 | 813,000 | 2 | — | |
| Other liabilities, non-current | 207,000 | — | — | — | |
| Total liabilities | 111 | 81 | 54 | — | |
| Commitments and contingencies (Note 9) | — | — | — | — | |
| Preferred stock, $0.0001 par value; 50,000,000 shares authorized, zero shares issued and outstanding as of December 31, 2025 and December 31, 2024 | — | — | — | — | |
| Additional paid-in capital | 1,203 | 919 | 25 | — | |
| Accumulated other comprehensive income (loss) | 188,000 | 40,000 | 2,000 | — | |
| Accumulated deficit | −902 | −659 | −364 | — | |
| Total stockholders' equity | 301 | 260 | −339 | −195 | |
| Total liabilities and stockholders' equity | 412 | 341 | 90 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Net loss | −243 | −294 | −155 | |
| Stock-based compensation | 44 | 19 | 9 | |
| Net accretion of discounts on marketable securities | −5 | −4 | −544,000 | |
| Depreciation and amortization | 3 | 3 | 1 | |
| Non-cash lease expense | 2 | 60,000 | 2 | |
| Loss on disposal of fixed assets | — | 5,000 | 266,000 | |
| Impairment of long-lived assets | 529,000 | — | — | |
| Research and development prepaid expenses | 11 | −11 | 6 | |
| Other prepaid expenses and other assets | 17 | −3 | — | |
| Other assets, non-current | −6 | — | — | |
| Accounts payable | −6 | 9 | −642,000 | |
| Deferred revenue | 4 | — | — | |
| Research and development accrued expenses | 2 | 18 | 5 | |
| Other accrued expenses and current liabilities | 6 | 4 | 2 | |
| Operating lease liabilities | −3 | −2 | −144,000 | |
| Other liabilities, non-current | 207,000 | — | — | |
| Deferred income tax liability | −9 | — | — | |
| Net cash used in operating activities | −370 | −255 | −130 | |
| Maturities of marketable securities | 448 | 128 | 76 | |
| Purchases of marketable securities | −209 | −240 | −11 | |
| Purchases of property and equipment | −653,000 | −2 | −4 | |
| Cash, cash equivalents and restricted cash acquired in connection with the ACELYRIN Merger | 50 | — | — | |
| Net cash provided by (used in) investing activities | 288 | −114 | 60 | |
| Proceeds from issuance of redeemable convertible preferred stock and derivative liability, net of issuance costs | — | 258 | 90 | |
| Proceeds from initial public offering, net of underwriter discounts and commissions and other offering costs | — | 193 | — | |
| Proceeds from a private placement transaction | — | 40 | — | |
| Proceeds from issuance of common stock upon exercise of stock options | 489,000 | 596,000 | 453,000 | |
| Repurchase of common stock shares issued upon early exercised restricted common stock | −17,000 | −6,000 | −64,000 | |
| Proceeds from issuance of common stock under the 2024 ESPP | 2 | — | — | |
| Net cash provided by financing activities | 2 | 492 | 90 | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | −80 | 123 | 20 | |
| Conversion of 168,489,871 shares of redeemable convertible preferred stock upon the closing of initial public offering | — | 639 | — | |
| Equity consideration transferred in connection with the ACELYRIN Merger | 238 | — | — | |
| Vesting of early exercised stock options and unvested restricted shares of common stock | 673,000 | 1 | 2 | |
| Right-of-use assets obtained in exchange for operating lease liabilities | 2 | — | 14 | |
| Recognition of derivative liability upon issuance of redeemable convertible preferred stock | — | 9 | 2 | |
| Settlement of derivative liability upon issuance of redeemable convertible preferred stock | — | −14 | −2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ALUMIS INC.'s CIK number?
ALUMIS INC.'s SEC CIK number is 0001847367 (1847367). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ALUMIS INC.'s SEC filings?
All of ALUMIS INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ALUMIS INC. last report earnings?
ALUMIS INC. (ALMS) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001847367-26-000009). This is ALUMIS INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is ALUMIS INC.'s most recent earnings 8-K?
ALUMIS INC.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001847367-26-000009. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ALUMIS INC.'s latest earnings 8-K →
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