Alamar Biosciences
Supplies NULISA assays and ARGO HT automation for protein-biomarker measurement.
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Profile
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
Key statistics
Year to date +39.7% · Average volume (30d) 307.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Aug 11, 2026 | Stifel Nicolaus | Target | $28 | $32 |
| May 12, 2026 | Leerink Partners | Target | $35 | |
| May 12, 2026 | Stifel Nicolaus | Target | $28 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next 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% |
Financial highlights
| 2 quarters | — | — | — | — | Q1 FY26 | Q2 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 margin | — | — | — | — | 55.5% | 60.2% | |
| Operating margin | — | — | — | — | -47.4% | -46.0% |
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
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
Shares outstanding 69.31M · Float 36.08M · 52.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Qiming Corporate GP VI, Ltd | 7.07M | 10.20% | 13G | Aug 11, 2026 |
| Nicholas Naclerio | 6.36M | 9.60% | 13D | Apr 23, 2026 |
| Yuling Luo | 4.53M | 6.40% | 13G | Aug 13, 2026 |
| Sands Capital Alternatives, LLC | 4.23M | 6.10% | 13D | Jul 7, 2026 |
| Sherpa Healthcare Fund Ii, L.P. | 3.97M | 5.70% | 13G | Jul 2, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 20, 2026 | Nicholas Naclerio | director | +235,294 | $17.00 |
| Apr 20, 2026 | Illumina Innovation Fund II GP, L.L.C. | 10 percent owner | +235,294 | $17.00 |
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
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alamar Biosciences | $30.71 | −0.07% | $2.13B | — | — | 38.4 | — |
| Thermo Fisher Scientific | $620.01 | −0.32% | $231.22B | 33.5 | 23.7 | 5.0 | +10.5% |
| Quanterix | $2.58 | −2.34% | $124.4M | — | — | 0.8 | +34.6% |
| Illumina | $215.70 | +0.02% | $32.62B | 40.2 | 37.6 | 7.3 | +9.4% |
| Seer | $1.97 | −1.01% | $108.9M | — | — | 7.9 | −23.4% |
| Median | 36.8 | 30.7 | 6.1 | +10.0% |






