Home / Going-concern warnings / ALUMIS INC.
Filed 2025-05-14 路 Form 10-Q 路 Accession 0001847367-25-000028 small
Price before filing: $4.46 (2025-05-13 close, split/dividend-adjusted)
Market cap at flag: $344.9M (2025-05-14) 路 Latest: $781.5M (2026-10-16)
| Window | ALMS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -29.6% | +1.7% | -31.3% | 2025-06-13 |
| 90 days | +0.0% | +9.8% | -9.8% | 2025-08-12 |
| 180 days | +13.2% | +16.8% | -3.6% | 2025-11-10 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 6 insiders bought $2.3M (12 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-01 | Babler Martin President, CEO and Chairman, Director | Purchase | 15,650 | $6.44 | $101K | no | Form 4 |
| 2025-04-01 | Colowick Alan Director | Purchase | 16,104 | $6.97 | $112K | no | Form 4 |
| 2025-04-02 | Colowick Alan Director | Purchase | 2,300 | $7.49 | $17K | no | Form 4 |
| 2025-05-02 | AKKARAJU SRINIVAS Director | Purchase | 159,920 | $4.55 | $728K | no | Form 4 |
| 2025-05-02 | Foresite Capital Management VI LLC (+8 joint filers) 10% owner | Purchase | 25,000 | $4.62 | $116K | no | Form 4 |
| 2025-05-02 | Foresite Labs, LLC (+1 joint filer) 10% owner | Purchase | 25,000 | $4.62 | $116K | no | Form 4 |
| 2025-05-02 | Tananbaum James B. Director, 10% owner | Purchase | 25,000 | $4.62 | $116K | no | Form 4 |
| 2025-05-05 | AKKARAJU SRINIVAS Director | Purchase | 138,368 | $4.58 | $634K | no | Form 4 |
| 2025-05-05 | AKKARAJU SRINIVAS Director | Purchase | 22,002 | $5.27 | $116K | no | Form 4 |
| 2025-05-06 | Foresite Capital Management VI LLC (+8 joint filers) 10% owner | Purchase | 20,000 | $4.34 | $87K | no | Form 4 |
| 2025-05-06 | Foresite Labs, LLC (+1 joint filer) 10% owner | Purchase | 20,000 | $4.34 | $87K | no | Form 4 |
| 2025-05-06 | Tananbaum James B. Director, 10% owner | Purchase | 20,000 | $4.34 | $87K | no | Form 4 |
| 2025-05-14: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-13 to 2025-06-13. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As a result of our recurring losses from operations and recurring negative cash flows from operations, our management concluded that there is a substantial doubt about our ability to maintain liquidity sufficient to operate our business effectively, which raises substantial doubt about our ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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