Alerus Financial (ALRS) Financial Statements & Analysis

Alerus Financial (ALRS) Income Statement

Alerus Financial reported revenue of $223.82M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 9.8% from $203.83M a year earlier. Net income was $17.44M, down 1.9% year over year, a net margin of 7.8%. Gross margin was 98.4% and operating margin 10.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $80.16M, down 20.8% from the same quarter a year earlier.

Alerus Financial Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Alerus Financial Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	223.82	203.83	166.01	210.95	235.79	239.77	204.64	188.30	176.45
Cost of Revenue	107.69	132.68	79.10	15.85	2.06	23.16	26.06	21.09	11.25
Gross Profit	220.16	205.61	164.16	208.77	233.74	216.61	178.58	167.21	165.20
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	55.49	55.82	41.29	42.43	96.57	92.34	77.18	72.86	70.85
Operating Expenses	197.57	182.45	148.31	156.55	164.66	158.09	139.68	134.17	132.69
Operating Income	22.59	23.16	15.85	52.18	69.08	58.52	38.90	33.04	32.52
Other Income/Expense
Interest Income	279.64	221.58	164.88	115.58	92.66	96.10	93.30	87.70	75.64
Interest Expense	107.14	114.53	77.04	15.85	5.56	12.26	18.75	12.48	7.97
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	22.59	23.16	15.85	52.18	69.08	58.52	38.90	33.04	32.52
Income Tax Expense	-5.15	-5.38	-4.16	-12.18	16.40	13.84	9.36	7.17	17.49
Net Income	17.44	17.78	11.70	40.01	52.68	44.68	29.54	25.87	15.00
Net Income - Continuous Operations	17.44	17.78	11.70	40.01	52.68	44.68	29.54	25.87	15.00
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	17.29	14.88	8.51	8.24	77.89	67.44	47.66	41.77	42.37
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	10.51	6.78	5.30	4.75	8.81	8.93	8.77	8.73	9.86
Earnings Per Share
Basic EPS	1.00	1.00	1.00	2.00	3.00	3.00	2.00	2.00	1.00
Diluted EPS	1.00	1.00	1.00	2.00	3.00	3.00	2.00	2.00	1.00
Basic Shares Outstanding	25.38	21.05	19.92	18.64	17.19	17.11	14.74	13.76	13.65
Diluted Shares Outstanding	25.70	21.32	20.14	18.88	17.49	17.44	15.09	14.06	14.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Alerus Financial Financial Statements

What was Alerus Financial's revenue in fiscal 2025?

Alerus Financial reported revenue of $223.82M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 9.8% from $203.83M a year earlier.

Is Alerus Financial profitable?

Yes. Alerus Financial earned net income of $17.44M in fiscal 2025, a net margin of 7.8%. In fiscal 2024 it earned $17.78M.

What is Alerus Financial's operating margin?

Alerus Financial's operating income was $22.59M on revenue of $223.82M in fiscal 2025, an operating margin of 10.1%, compared with 11.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition