ALMR · NASDAQ · Biotechnology

Alamar Biosciences

Supplies NULISA assays and ARGO HT automation for protein-biomarker measurement.

$30.71
After-hours close−0.02 (−0.07%)
At close$30.73(−6.88%)
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Profile

Alamar Biosciences, Inc.ALMRHealth Care

Sells automated precision-proteomics instruments, NULISA assays, consumables, and services to research and biopharma customers. Its model combines instrument placement with proprietary consumables and service activity.

Pairs NULISA assays with the automated ARGO HT benchtop system to measure protein biomarkers at very low concentrations in blood and other biological samples. The research-use-only platform serves research and academic institutions, biopharmaceutical companies, contract research organizations, and service laboratories.

The portfolio includes NULISAseq high-plex panels and NULISAqpcr single- or low-plex assays, with next-generation-sequencing or qPCR readouts for discovery and targeted applications. Its customer base extends internationally, and the business combines instrument placement, proprietary consumables, and services.

Commercial development depends on continued adoption of the ARGO/NULISA ecosystem by research and biopharma customers. The platform is designed for research use rather than clinical diagnostic use.

Company facts

CEOYuling Luo, Ph.D.
ListedApr 17, 2026
ExchangeNASDAQ
HeadquartersFremont, CA
CountryUnited States
Employees222
CIK0002104204
ISINUS0109111056

Key statistics

Market cap$2.13B
EPS (ttm)−$0.5885
P/E (ttm)−52.18
ROE-178.4%
P/B5.76
P/S38.38
Dividend yield
Beta

Year to date +39.7% · Average volume (30d) 307.0K

Analysts

Price target, next 12 months$33.50+9.1%Median of 2 analysts · vs the Aug 28 close
ConsensusBuy2 of 2 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior targetTarget
Aug 11, 2026Stifel NicolausTarget$28$32
May 12, 2026Leerink PartnersTarget$35
May 12, 2026Stifel NicolausTarget$28

Earnings

EPS

Estimate−$0.31
Reported−$0.22+28.5%

Revenue

Estimate$25.9M
Reported$29.4M+13.7%

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 10, 2026Q2 FY26−$0.31−$0.22+28.5%$25.9M$29.4M+13.7%+30.65%
May 8, 2026Q1 FY26−$1.71−$1.74−1.8%$26.0M$26.0M+0.1%−0.33%
View details

Financial highlights

2 quartersQ1 FY26Q2 FY26
Revenue$26.0M$29.4M
Gross profit$14.5M$17.7M
Operating income−$12.3M−$13.5M
Net income−$21.3M−$13.2M
Diluted EPS−$0.31−$0.22
Gross margin55.5%60.2%
Operating margin-47.4%-46.0%

Revenue by product · Q2 FY26

Consumables$15.5M · 53%
Instruments$7.8M · 26%
Service$6.2M · 21%

Revenue by geography · Q2 FY26

United States$19.7M · 67%
EMEA$6.6M · 22%
Asia Pacific$2.7M · 9%
Americas$503.0K · 2%

Balance sheet, Jun 30, 2026Cash & short-term investments $250.1M · Total debt $51.4M · Total assets $391.0M · Shareholders' equity $312.9M

Dividends

No dividends on record.

Ownership

Institutions 35.34%24.49M sharesInsiders 8.77%6.08M sharesOther 55.89%38.74M shares

Shares outstanding 69.31M · Float 36.08M · 52.1% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Qiming Corporate GP VI, Ltd7.07M10.20%13GAug 11, 2026
Nicholas Naclerio6.36M9.60%13DApr 23, 2026
Yuling Luo4.53M6.40%13GAug 13, 2026
Sands Capital Alternatives, LLC4.23M6.10%13DJul 7, 2026
Sherpa Healthcare Fund Ii, L.P.3.97M5.70%13GJul 2, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Apr 20, 2026Nicholas Nacleriodirector+235,294$17.00
Apr 20, 2026Illumina Innovation Fund II GP, L.L.C.10 percent owner+235,294$17.00
View details

Peers

  • Thermo Fisher Scientific

    Olink for high-plex proteomic biomarker research

  • Quanterix

    Simoa for ultra-sensitive blood-biomarker measurement

  • Illumina

    SomaScan paired with Illumina NGS proteomics workflows

  • Seer

    Proteograph suite for deep, unbiased discovery proteomics

CompareAfter-hours close

CompanyPriceChange
Alamar Biosciences$30.71−0.07%$2.13B38.4
Thermo Fisher Scientific$620.01−0.32%$231.22B33.523.75.0+10.5%
Quanterix$2.58−2.34%$124.4M0.8+34.6%
Illumina$215.70+0.02%$32.62B40.237.67.3+9.4%
Seer$1.97−1.01%$108.9M7.9−23.4%
Median36.830.76.1+10.0%