Aeluma FY2026 10-K: $9.2M Loss, Material Weakness, and CEO 10b5-1 Plan
ALMU sits 19% above its 52-week low of $10.24 on elevated volume (2.6× avg).
Summary
Aeluma's FY2026 10-K confirms the $9.2M loss and $56M cash position, but newly discloses a material weakness in internal controls and a CEO 10b5-1 plan for up to 300,000 shares.
Key Events · Earnings and Guidance · ALMU
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Material Weakness in Internal Controls
Management concluded disclosure controls and procedures were ineffective as of June 30, 2026, due to insufficient technical accounting and SEC reporting personnel. Remediation efforts include a new CFO hired August 2025 and additional accounting staff in August 2026.
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CEO 10b5-1 Trading Plan
CEO Jonathan Klamkin adopted a Rule 10b5-1 plan on May 23, 2026, to sell up to 300,000 shares, expiring May 31, 2027. This adds to the $1.1M in insider selling over the past 90 days.
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FY2026 Net Loss Widens to $9.2M
Revenue declined 4% to $4.5M while operating expenses more than doubled to $14.6M, driven by strategic hiring and manufacturing readiness investments. Net loss grew from $3.0M to $9.2M.
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Government Contract Backlog
Six new government contracts totaling $5.3M were awarded in FY2026, with $5.4M in remaining performance obligations and $5.7M in contingent obligations as of June 30, 2026.
Analysis · ALMU · Manufacturing
Aeluma's annual report confirms the $9.2 million net loss and $56 million cash position already disclosed in today's 8-K, but adds two governance red flags: a material weakness in internal controls that left disclosure controls ineffective as of June 30, 2026, and a CEO 10b5-1 trading plan covering up to 300,000 shares. The material weakness is a first-disclosed red flag that floors the score at 8. The company also disclosed $5.3 million in new government contracts and $5.4 million in remaining performance obligations, providing a clearer picture of near-term revenue visibility. Against a backdrop of heavy insider selling over the past 90 days, the CEO's pre-arranged sale plan adds to the overhang narrative.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1052 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ALMU was trading at $12.15 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $258.7M. The 52-week trading range was $10.24 to $31.79. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.