Alerus Finl Corp Financials
This page shows Alerus Finl Corp (ALRS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Alerus Finl Corp's revenue declined 70.3% year-over-year, from $221.6M to $65.9M. This contraction results in a growth score of 0/100.
Alerus Finl Corp carries a low D/E ratio of 0.10, meaning only $0.10 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.
Alerus Finl Corp converts 89.3% of revenue into free cash flow ($58.8M). This strong cash generation earns a score of 100/100.
Alerus Finl Corp generates a 3.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 12/100. This is down from 3.6% the prior year.
Alerus Finl Corp passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Alerus Finl Corp generates $3.87 in operating cash flow ($67.5M OCF vs $17.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Alerus Finl Corp generated $65.9M in revenue in fiscal year 2025. This represents a decrease of 70.3% from the prior year.
Alerus Finl Corp generated $58.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 254.6% from the prior year.
Alerus Finl Corp reported $17.4M in net income in fiscal year 2025. This represents a decrease of 1.9% from the prior year.
Alerus Finl Corp earned $0.68 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 18.1% from the prior year.
Alerus Finl Corp held $67.2M in cash against $59.2M in long-term debt as of fiscal year 2025.
Alerus Finl Corp paid $0.83 per share in dividends in fiscal year 2025. This represents an increase of 5.1% from the prior year.
Alerus Finl Corp had 25M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.
Alerus Finl Corp's net profit margin was 26.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 18.4 percentage points from the prior year.
Alerus Finl Corp's ROE was 3.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the prior year.
Alerus Finl Corp spent $737K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 167.0% from the prior year.
Alerus Finl Corp invested $8.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 29.7% from the prior year.
ALRS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $70.6M+0.3% | $70.4M+3.3% | $68.2M+1.3% | $67.3M+28.9% | $52.2M-1.5% | $53.0M+8.1% | $49.0M+9.7% | $44.7M |
| 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 | $27.5M+0.4% | $27.4M+1.4% | $27.0M-6.9% | $29.0M-2.2% | $29.7M+2.2% | $29.0M+8.2% | $26.8M+15.9% | $23.1M |
| Income Tax | $5.1M-16.4% | $6.1M+43.8% | $4.2M+1987.1% | -$225K-114.2% | $1.6M-17.3% | $1.9M-8.0% | $2.1M+168.2% | -$3.1M |
| Net Income | $16.9M-16.4% | $20.3M+52.1% | $13.3M+19973.1% | -$67K-101.3% | $5.2M-16.1% | $6.2M-3.5% | $6.4M+143.6% | -$14.8M |
| EPS (Diluted) | $0.65-16.7% | $0.78+50.0% | $0.52+20.9% | $0.43+65.4% | $0.26-16.1% | $0.31-3.1% | $0.32 | N/A |
ALRS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.3B+0.1% | $5.3B-0.3% | $5.3B+1.5% | $5.3B+20.7% | $4.4B0.0% | $4.4B+0.5% | $4.3B+11.0% | $3.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $92.0M+13.8% | $80.9M-2.5% | $83.0M+35.5% | $61.2M-7.2% | $66.0M-84.9% | $438.1M-19.7% | $545.8M+320.2% | $129.9M |
| 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 | $85.6M0.0% | $85.6M0.0% | $85.6M0.0% | $85.6M+83.0% | $46.8M0.0% | $46.8M0.0% | $46.8M0.0% | $46.8M |
| Total Liabilities | $4.8B-0.2% | $4.8B-0.7% | $4.8B+1.2% | $4.8B+28.9% | $3.7B-7.2% | $4.0B+0.5% | $4.0B+12.1% | $3.5B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $59.2M0.0% | $59.1M0.0% | $59.1M0.0% | $59.1M0.0% | $59.0M0.0% | $59.0M0.0% | $59.0M0.0% | $59.0M |
| Total Equity | $550.7M+3.3% | $533.2M+3.7% | $514.2M+3.8% | $495.4M+28.2% | $386.5M+3.6% | $373.2M+0.4% | $371.6M+0.7% | $369.1M |
| Retained Earnings | $308.5M+3.9% | $296.9M+5.3% | $282.0M+3.0% | $273.7M-1.8% | $278.9M+0.4% | $277.6M+0.8% | $275.4M+1.0% | $272.7M |
ALRS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $32.8M+206.5% | $10.7M+38.6% | $7.7M-19.0% | $9.5M-52.9% | $20.2M+262.0% | -$12.5M-206.4% | $11.7M+187.1% | $4.1M |
| Capital Expenditures | $2.5M-21.2% | $3.1M+52.4% | $2.1M-59.2% | $5.0M+82.2% | $2.8M-25.0% | $3.7M+318.3% | $881K-48.1% | $1.7M |
| Free Cash Flow | $30.3M+300.8% | $7.6M+33.6% | $5.7M+26.4% | $4.5M-74.3% | $17.4M+207.9% | -$16.1M-249.1% | $10.8M+354.9% | $2.4M |
| Investing Cash Flow | $23.5M-9.2% | $25.8M+153.1% | -$48.7M+51.3% | -$99.9M+3.0% | -$103.0M+1.9% | -$105.0M-374.9% | -$22.1M-149.3% | $44.8M |
| Financing Cash Flow | -$45.1M-16.8% | -$38.6M-161.6% | $62.7M-26.8% | $85.7M+129.6% | -$289.4M-3040.1% | $9.8M-97.7% | $426.3M+2521.2% | $16.3M |
| Dividends Paid | $5.3M+0.1% | $5.3M+5.2% | $5.1M+28.0% | $4.0M+0.1% | $4.0M+5.3% | $3.8M+0.1% | $3.8M-0.7% | $3.8M |
| Share Buybacks | $342K+598.0% | $49K-61.4% | $127K+188.6% | $44K-42.1% | $76K+2433.3% | $3K-98.0% | $153K-92.7% | $2.1M |
ALRS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | 24.0%-4.8pp | 28.8%+9.2pp | 19.5%+19.6pp | -0.1%-10.1pp | 10.0%-1.7pp | 11.7%-1.4pp | 13.1%+46.1pp | -33.0% |
| Return on Equity | 3.1%-0.7pp | 3.8%+1.2pp | 2.6%-0.1pp | 2.7%+1.3pp | 1.4%-0.3pp | 1.7%-0.1pp | 1.7% | N/A |
| Return on Assets | 0.3%-0.1pp | 0.4%+0.1pp | 0.3%+0.3pp | 0.0%-0.1pp | 0.1%-0.0pp | 0.1%-0.0pp | 0.1%+0.5pp | -0.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.110.0 | 0.110.0 | 0.110.0 | 0.12-0.0 | 0.150.0 | 0.160.0 | 0.160.0 | 0.16 |
| FCF Margin | 42.9%+32.2pp | 10.7%+2.4pp | 8.3%+1.6pp | 6.7%-26.7pp | 33.4%+63.8pp | -30.4%-52.5pp | 22.1%+16.8pp | 5.3% |
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Frequently Asked Questions
What is Alerus Finl Corp's annual revenue?
Alerus Finl Corp (ALRS) reported $65.9M in total revenue for fiscal year 2025. This represents a -70.3% 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 Alerus Finl Corp's revenue growing?
Alerus Finl Corp (ALRS) revenue declined by 70.3% year-over-year, from $221.6M to $65.9M in fiscal year 2025.
Is Alerus Finl Corp profitable?
Yes, Alerus Finl Corp (ALRS) reported a net income of $17.4M in fiscal year 2025, with a net profit margin of 26.5%.
What is Alerus Finl Corp's earnings per share (EPS)?
Alerus Finl Corp (ALRS) reported diluted earnings per share of $0.68 for fiscal year 2025. This represents a -18.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Alerus Finl Corp have?
As of fiscal year 2025, Alerus Finl Corp (ALRS) had $67.2M in cash and equivalents against $59.2M in long-term debt.
What is Alerus Finl Corp's net profit margin?
Alerus Finl Corp (ALRS) had a net profit margin of 26.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Alerus Finl Corp pay dividends?
Yes, Alerus Finl Corp (ALRS) paid $0.83 per share in dividends during fiscal year 2025.
What is Alerus Finl Corp's return on equity (ROE)?
Alerus Finl Corp (ALRS) has a return on equity of 3.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Alerus Finl Corp's free cash flow?
Alerus Finl Corp (ALRS) generated $58.8M in free cash flow during fiscal year 2025. This represents a 254.6% 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 Alerus Finl Corp's operating cash flow?
Alerus Finl Corp (ALRS) generated $67.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Alerus Finl Corp's total assets?
Alerus Finl Corp (ALRS) had $5.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Alerus Finl Corp's capital expenditures?
Alerus Finl Corp (ALRS) invested $8.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Alerus Finl Corp buy back shares?
Yes, Alerus Finl Corp (ALRS) spent $737K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Alerus Finl Corp have outstanding?
Alerus Finl Corp (ALRS) had 25M shares outstanding as of fiscal year 2025.
What is Alerus Finl Corp's debt-to-equity ratio?
Alerus Finl Corp (ALRS) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Alerus Finl Corp's return on assets (ROA)?
Alerus Finl Corp (ALRS) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Alerus Finl Corp's Piotroski F-Score?
Alerus Finl Corp (ALRS) has a Piotroski F-Score of 3 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Alerus Finl Corp's earnings high quality?
Alerus Finl Corp (ALRS) has an earnings quality ratio of 3.87x, considered cash-backed (high quality). 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.
How financially healthy is Alerus Finl Corp?
Alerus Finl Corp (ALRS) scores 53 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.