Is Alarum Technologies American Depositary Share profitable?

Yes, Alarum Technologies American Depositary Share (ALAR) reported a net income of $963K in fiscal year 2025, with a net profit margin of 2.4%.

How financially healthy is Alarum Technologies American Depositary Share?

Alarum Technologies American Depositary Share (ALAR) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators .

Alarum Technologies American Depositary Share Financials

ALAR

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Alarum Technologies American Depositary Share (ALAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ALAR FY2025 2026-04-22

Revenue growth continued, but cash conversion flipped negative in FY2025, making balance-sheet absorption the dominant operating mechanic.

FY2024 looked like a clean inflection, with net income at $5.8M and operating cash flow at $8.9M. FY2025 broke that alignment: revenue still rose and profit stayed positive, yet operating cash flow fell to -$2.0M, implying more of the year’s activity stayed tied up in working capital instead of becoming cash; leverage stayed modest at 6.1% debt to equity.

The balance sheet is still conservative: cash of $12.3M and a current ratio of 2.2x give the company room to absorb a weaker cash year without leaning heavily on lenders. The bigger financing story is dilution, because shares outstanding rose from 30.3M shares to 71.8M shares over the period while debt remained relatively low.

The earnings recovery was real, with net margin improving from -20.8% in FY2023 to 18.2% in FY2024. FY2025 showed that improvement is not yet durable: revenue expanded again, but net margin compressed to 2.4%, so recent scale has not consistently translated into retained profitability.

Financial Health Signals

Financial Profile 45/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Alarum Technologies American Depositary Share's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Alarum Technologies American Depositary Share's revenue surged 28.1% year-over-year to $40.8M, reflecting rapid business expansion. This strong growth earns a score of 73/100.

Leverage

100

Alarum Technologies American Depositary Share carries a low D/E ratio of 0.06, meaning only $0.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Alarum Technologies American Depositary Share's current ratio of 2.21 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Alarum Technologies American Depositary Share generated -$2.0M in operating cash flow, capex of $143K consumed most of it, leaving -$2.2M in free cash flow. This results in a low score of 48/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Alarum Technologies American Depositary Share generates a 3.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100. This is down from 21.9% the prior year.

Piotroski F-Score Weak

1/9

Alarum Technologies American Depositary Share passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

-2.09x

For every $1 of reported earnings, Alarum Technologies American Depositary Share generates $-2.09 in operating cash flow (-$2.0M OCF vs $963K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$40.8M

YoY+28.1%

5Y CAGR+52.8%

Alarum Technologies American Depositary Share generated $40.8M in revenue in fiscal year 2025. This represents an increase of 28.1% from the prior year.

EBITDA

N/A

Net Income

$963K

YoY-83.3%

Alarum Technologies American Depositary Share reported $963K in net income in fiscal year 2025. This represents a decrease of 83.3% from the prior year.

EPS (Diluted)

$0.01

YoY-87.5%

Alarum Technologies American Depositary Share earned $0.01 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 87.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$2.2M

YoY-124.5%

Alarum Technologies American Depositary Share generated -$2.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 124.5% from the prior year.

Cash & Debt

$12.3M

YoY-18.7%

5Y CAGR+2.2%

Alarum Technologies American Depositary Share held $12.3M in cash against $1.9M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

72M

YoY+3.8%

Alarum Technologies American Depositary Share had 72M shares outstanding in fiscal year 2025. This represents an increase of 3.8% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

2.4%

YoY-15.8pp

5Y CAGR+162.9pp

Alarum Technologies American Depositary Share's net profit margin was 2.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 15.8 percentage points from the prior year.

Return on Equity

3.0%

YoY-18.9pp

5Y CAGR+51.4pp

Alarum Technologies American Depositary Share's ROE was 3.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 18.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$143K

YoY+44.4%

5Y CAGR+28.4%

Alarum Technologies American Depositary Share invested $143K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 44.4% from the prior year.

ALAR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$40.8M+28.1%	$31.8M+20.0%	$26.5M+43.0%	$18.6M+92.1%	$9.7M+97.6%	$4.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$102K-22.7%	$132K+50.0%	$88K+700.0%	$11K-89.2%	$102K+20.0%	$85K
Income Tax	$510K-58.2%	$1.2M+353.3%	-$482K-47.4%	-$327K+65.4%	-$945K-284.1%	-$246K
Net Income	$963K-83.3%	$5.8M+204.6%	-$5.5M+58.0%	-$13.2M-0.2%	-$13.1M-67.3%	-$7.8M
EPS (Diluted)	$0.01-87.5%	$0.08+157.1%	$-0.14+64.1%	$-0.39-25.8%	$-0.31	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ALAR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$45.9M+31.8%	$34.8M+73.5%	$20.1M-10.3%	$22.4M-27.0%	$30.7M+33.4%	$23.0M
Current Assets	$25.3M+34.6%	$18.8M+41.8%	$13.3M+107.3%	$6.4M-46.3%	$11.9M-5.1%	$12.6M
Cash & Equivalents	$12.3M-18.7%	$15.1M+38.7%	$10.9M+230.5%	$3.3M-14.1%	$3.8M-65.3%	$11.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.1M0.0%	$4.1M0.0%	$4.1M-60.5%	$10.4M-5.2%	$11.0M+104.2%	$5.4M
Total Liabilities	$13.8M+63.1%	$8.5M+22.9%	$6.9M-24.0%	$9.1M+40.1%	$6.5M-4.3%	$6.8M
Current Liabilities	$11.5M+40.6%	$8.2M+46.9%	$5.6M-31.7%	$8.1M+50.0%	$5.4M+14.6%	$4.7M
Long-Term Debt	$1.9M+646.0%	$261K-50.1%	$523K+3923.1%	$13K-93.4%	$197K-46.0%	$365K
Total Equity	$32.1M+21.8%	$26.4M+99.9%	$13.2M-1.0%	$13.3M-45.0%	$24.2M+49.2%	$16.2M
Retained Earnings	-$95.6M+1.0%	-$96.6M+5.6%	-$102.3M-5.7%	-$96.8M-15.7%	-$83.7M-18.6%	-$70.5M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$45.9M+28.3%	$35.8M+2.8%	$34.8M+10.5%	$31.5M+57.0%	$20.1M+42.0%	$14.1M-36.8%	$22.4M-7.5%	$24.2M
Current Assets	$25.3M+27.9%	$19.8M+5.2%	$18.8M-24.9%	$25.1M+88.9%	$13.3M+87.5%	$7.1M+10.5%	$6.4M-7.3%	$6.9M
Cash & Equivalents	$12.3M-17.7%	$14.9M-1.1%	$15.1M-30.3%	$21.6M+98.9%	$10.9M+185.1%	$3.8M+15.9%	$3.3M-18.6%	$4.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.1M0.0%	$4.1M0.0%	$4.1M0.0%	$4.1M0.0%	$4.1M0.0%	$4.1M-60.5%	$10.4M0.0%	$10.4M
Total Liabilities	$13.8M+107.5%	$6.7M-21.4%	$8.5M-23.7%	$11.1M+61.0%	$6.9M-14.0%	$8.0M-11.6%	$9.1M+31.9%	$6.9M
Current Liabilities	$11.5M+73.2%	$6.6M-18.9%	$8.2M-20.3%	$10.2M+84.3%	$5.6M-19.3%	$6.9M-15.3%	$8.1M+33.9%	$6.1M
Long-Term Debt	$1.9M+8365.2%	$23K-91.2%	$261K-34.4%	$398K-23.9%	$523K+29.1%	$405K+3015.4%	$13K	N/A
Total Equity	$32.1M+10.2%	$29.1M+10.5%	$26.4M+29.0%	$20.4M+55.0%	$13.2M+115.2%	$6.1M-54.0%	$13.3M-23.1%	$17.3M
Retained Earnings	-$95.6M+0.3%	-$95.9M+0.7%	-$96.6M+4.6%	-$101.2M+1.1%	-$102.3M+2.7%	-$105.2M-8.7%	-$96.8M-5.8%	-$91.5M

ALAR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$2.0M-122.7%	$8.9M+92.3%	$4.6M+157.4%	-$8.1M+11.6%	-$9.1M-39.5%	-$6.5M
Capital Expenditures	$143K+44.4%	$99K+80.0%	$55K+12.2%	$49K-32.9%	$73K+78.0%	$41K
Free Cash Flow	-$2.2M-124.5%	$8.8M+92.4%	$4.6M+156.4%	-$8.1M+11.8%	-$9.2M-39.8%	-$6.6M
Investing Cash Flow	$314K+103.4%	-$9.3M-1443.2%	$695K-86.2%	$5.0M+151.4%	-$9.8M-723.9%	-$1.2M
Financing Cash Flow	-$636K-113.6%	$4.7M+111.9%	$2.2M-15.0%	$2.6M-77.6%	$11.6M-20.4%	$14.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ALAR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	2.4%-15.8pp	18.2%+39.0pp	-20.8%+50.1pp	-70.9%+65.1pp	-135.9%+24.6pp	-160.6%
Return on Equity	3.0%-18.9pp	21.9%+63.9pp	-41.9%+56.9pp	-98.8%-44.5pp	-54.3%-5.9pp	-48.4%
Return on Assets	2.1%-14.5pp	16.6%+44.1pp	-27.5%+31.3pp	-58.8%-16.0pp	-42.8%-8.7pp	-34.2%
Current Ratio	2.21-0.1	2.30-0.1	2.39+1.6	0.79-1.4	2.20-0.5	2.65
Debt-to-Equity	0.06+0.1	0.01-0.0	0.04+0.0	0.000.0	0.01-0.0	0.02
FCF Margin	-5.3%-32.9pp	27.6%+10.4pp	17.2%+60.9pp	-43.7%+51.4pp	-95.1%+39.3pp	-134.4%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.21-0.8	2.99+0.7	2.30-0.1	2.45+0.1	2.39+1.4	1.03+0.2	0.79-0.4	1.14
Debt-to-Equity	0.06+0.1	0.000.0	0.010.0	0.02-0.0	0.04-0.0	0.07+0.1	0.00-0.4	0.40
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Alarum Technologies American Depositary Share's annual revenue?

Alarum Technologies American Depositary Share (ALAR) reported $40.8M in total revenue for fiscal year 2025. This represents a 28.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Alarum Technologies American Depositary Share's revenue growing?

Alarum Technologies American Depositary Share (ALAR) revenue grew by 28.1% year-over-year, from $31.8M to $40.8M in fiscal year 2025.

What is Alarum Technologies American Depositary Share's net profit margin?

Alarum Technologies American Depositary Share (ALAR) had a net profit margin of 2.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Alarum Technologies American Depositary Share's return on equity (ROE)?

Alarum Technologies American Depositary Share (ALAR) has a return on equity of 3.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Alarum Technologies American Depositary Share's free cash flow?

Alarum Technologies American Depositary Share (ALAR) generated -$2.2M in free cash flow during fiscal year 2025. This represents a -124.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Alarum Technologies American Depositary Share's operating cash flow?

Alarum Technologies American Depositary Share (ALAR) generated -$2.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Alarum Technologies American Depositary Share's total assets?

Alarum Technologies American Depositary Share (ALAR) had $45.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Alarum Technologies American Depositary Share's capital expenditures?

Alarum Technologies American Depositary Share (ALAR) invested $143K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Alarum Technologies American Depositary Share's current ratio?

Alarum Technologies American Depositary Share (ALAR) had a current ratio of 2.21 as of fiscal year 2025, which is generally considered healthy.

What is Alarum Technologies American Depositary Share's debt-to-equity ratio?

Alarum Technologies American Depositary Share (ALAR) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Alarum Technologies American Depositary Share's return on assets (ROA)?

Alarum Technologies American Depositary Share (ALAR) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Alarum Technologies American Depositary Share's cash runway?

Based on fiscal year 2025 data, Alarum Technologies American Depositary Share (ALAR) had $12.3M in cash against an annual operating cash burn of $2.0M. This gives an estimated cash runway of approximately 73 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Alarum Technologies American Depositary Share's Piotroski F-Score?

Alarum Technologies American Depositary Share (ALAR) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Alarum Technologies American Depositary Share's earnings high quality?

Alarum Technologies American Depositary Share (ALAR) has an earnings quality ratio of -2.09x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.