Alerus Financial financials
$31.77−0.90%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 |
|---|---|---|---|---|---|---|---|
| Revenue | $331.5M | $336.5M | $245.1M | $226.8M | $240.0M | $245.5M | $207.5M |
| Gross profit | $224.4M | $222.0M | $168.1M | $211.0M | $234.5M | $233.2M | $188.7M |
| Gross margin | 67.7% | 66.0% | 68.6% | 93.0% | 97.7% | 95.0% | 91.0% |
| Operating income | $22.6M | $23.2M | $15.9M | $52.2M | $69.1M | $58.5M | $38.9M |
| Net income | $17.4M | $17.8M | $11.7M | $40.0M | $51.9M | $43.9M | $28.9M |
| Net margin | 5.3% | 5.3% | 4.8% | 17.6% | 21.6% | 17.9% | 13.9% |
| Diluted EPS | $0.68 | $0.83 | $0.58 | $2.10 | $2.97 | $2.52 | $1.91 |
| EBITDA | $22.6M | $23.2M | $15.9M | $52.2M | $69.1M | $58.5M | $38.9M |
| Operating cash flow | $67.5M | $21.7M | $26.8M | $103.0M | $149.8M | -$22.3M | $19.2M |
| Free cash flow | $58.8M | $9.4M | $23.7M | $101.2M | $148.1M | -$26.1M | $10.9M |
| Diluted shares | 25.7M | 21.3M | 20.1M | 18.9M | 17.5M | 17.4M | 15.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $67.2M | $61.2M | $129.9M | $58.2M | $242.3M | $173.0M |
| Short-term investments | $770.3M | $866.9M | $786.3M | $1.04B | $1.21B | $592.3M |
| Total debt | $368.0M | $298.0M | $373.1M | $436.9M | $58.9M | $58.7M |
| Total assets | $5.23B | $5.26B | $3.91B | $3.78B | $3.39B | $3.01B |
| Total liabilities | $4.67B | $4.77B | $3.54B | $3.42B | $3.03B | $2.68B |
| Shareholders' equity | $564.9M | $495.4M | $369.1M | $356.9M | $359.4M | $330.2M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology