ALUR ALLURION TECHNOLOGIES, INC.

Overview and Growth

ALLURION TECHNOLOGIES, INC. generated $15.23M of revenue in fiscal 2025, with net loss of $28.75M and an operating cash outflow of $28.95M. The $15.23M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 52.6% below fiscal 2024 revenue of $32.11M, marking a top-line contraction. On a per-share basis, diluted EPS was -$3.81, which connects the reported earnings outcome with the company’s diluted share count. A diluted share base of 7.54M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Compared with 2.25M diluted shares in fiscal 2024, the current 7.54M base was 235.7% higher. The company employed $15.77M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.97x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $9.57M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross margin was 62.8%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $30.16M after the reported operating expense base. An operating margin of -198.0% reflected costs exceeding revenue-level gross profit by 198.0% of sales. After all below-operating-line items, the company recorded a net loss of $28.75M for the fiscal year. The net loss equaled 188.8% of revenue, showing the bottom-line deficit relative to the company’s sales base. EBITDA was negative $29.17M, showing a deficit before interest, taxes, depreciation, and amortization. Before income taxes, the company recorded a loss of $28.68M, bridging the operating result to the final net loss. The pretax loss equaled 188.3% of revenue, measuring the pre-tax deficit against sales. The reported income-tax provision was $74.00K, the amount recognized between pretax income and the final net-income result. The net loss equaled 182.3% of period-end assets, showing the deficit relative to the asset base. The bottom-line deficit increased from $7.20M in fiscal 2024 to $28.75M.

Liquidity and Capital Structure

At period end, the $15.77M asset base was financed through $92.96M of liabilities and -$77.19M of equity. The company reported negative equity of -$77.19M, a capital deficit that reduces its ability to absorb losses through book equity. Current assets were $12.79M against $38.45M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 0.33x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. The company held $5.41M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 14.1% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Book equity represented -489.4% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 589.4%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 34.3% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 51.9% from $32.81M in fiscal 2024, leaving current total assets lower year over year. Cash and equivalents were 64.8% lower than fiscal 2024 cash of $15.38M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities used $28.95M of cash, resulting in an operating cash outflow for the year. Cash absorbed by operations decreased from $42.30M in fiscal 2024 to $28.95M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.