Feed / ALMS

Alumis Inc.

ALMS

Healthcare · 9.90 +1.0% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Alumis Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company+1.0% todayVolume comparison unavailable
Market group0 of 37 activeBiotechnology · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • ONWARD1 and ONWARD2 enrollment and topline reporting reduced clinical-trial costs, while ONWARD3 spending increased.
  • R&D spending fell as ONWARD1 and ONWARD2 completed enrollment and reported topline results, while ONWARD3 and regulatory work continued.

Invalidation: The isolated read changes if ALMS's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Biotechnology

No new filing conclusion is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • ONWARD1 and ONWARD2 enrollment and topline reporting reduced clinical-trial costs, while ONWARD3 spending increased.
  • R&D spending fell as ONWARD1 and ONWARD2 completed enrollment and reported topline results, while ONWARD3 and regulatory work continued.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods1
Price observations327
Usable filing statements121
Verified relationships3
Evidence supporting the case
  • Restructuring and cost reductions has repeated favorable evidence across 5 filings.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • EV/sales is 84% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

9.90
6m-62.4%12m+131.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2025-12-31$24.1M$-2.86

What management says matters

Persistent and emerging business drivers

Product pipeline and R&Dmixed · 5 filings
The changes in operating assets and liabilities included a decrease of $5.9 million in other accrued expenses and current liabilities, a decrease of $2.3 million in operating lease liabilities, a decrease of $1.8 million in deferred tax liability and an incre…
10-Q · Aug 13, 2026
Restructuring and cost reductionspositive · 5 filings
Non-cash items included $41.8 million related to intangible assets impairment loss, $26.6 million related to stock-based compensation expense, $1.7 million related to depreciation and amortization, $1.1 million related to non-cash lease 50 Table of Contents e…
10-Q · Aug 13, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 35.0× · EV/sales 31.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Fewer than 4 annual revenue periods; too little history to scaffold scenarios.

Price action

How the market is pricing the story

9.90+1.0% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for ALMS. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for ALMS. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind ALMS

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depended on by

PTGXProtagonist Therapeutics, Inc.competitorFeb 25, 2026

Second-generation allosteric TYK2 inhibitors include zasocitinib (TAK-279, Takeda) and envudeucitinib (ESK-001, Alumis), which both reported positive Phase 3 results in late 2025 and early 2026, and are moving toward regulatory submissions for psoriasis and P…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ALMS is currently a Follower in the organic co-movement group Biotechnology. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for ALMS; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.