Alerus Financial (ALRS) financial statements
Alerus Financial reported revenue of $224M in fiscal 2025, up 3.5% a year over 8 years.
Net income was $17M.
Free cash flow was $59M, and the company returned $21M in dividends and $737,000 in net buybacks.
The diluted share count rose 83% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Alerus Financial's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $171M | $178M | $189M | $233M | $234M | $211M | $168M | $222M | $224M |
| Interest expense | $8M | $12M | $19M | $12M | $6M | $16M | $77M | — | — |
| Pre-tax income | $33M | $33M | $39M | $59M | $69M | $52M | $16M | $23M | $23M |
| Income tax | $18M | $7M | $9M | $14M | $16M | $12M | $4M | $5M | $5M |
| Net income | $15M | $26M | $30M | $45M | $53M | $40M | $12M | $18M | $17M |
| EPS (diluted) | $1.07 | $1.84 | $1.91 | $2.52 | $2.97 | $2.10 | $0.58 | $0.83 | $0.68 |
| Diluted shares | 14M | 14M | 15M | 17M | 17M | 19M | 20M | 21M | 26M |
| Net margin | 8.8% | 14.5% | 15.7% | 19.2% | 22.5% | 19.0% | 7.0% | 8.0% | 7.8% |
Balance sheet
Fiscal years, from Alerus Financial's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $122M | $41M | $144M | $173M | $242M | $58M | $130M | $61M | $67M |
| Property, plant and equipment | — | $22M | $21M | $20M | $18M | $17M | $18M | $40M | $43M |
| Goodwill | — | $27M | $27M | $30M | $31M | $47M | $47M | $86M | $86M |
| Total assets | $2.1B | $2.2B | $2.4B | $3.0B | $3.4B | $3.8B | $3.9B | $5.3B | $5.2B |
| Total liabilities | — | $2.0B | $2.1B | $2.7B | $3.0B | $3.4B | $3.5B | $4.8B | $4.7B |
| Shareholders' equity | $148M | $162M | $286M | $330M | $359M | $357M | $369M | $495M | $565M |
| Net debt | -$122M | -$41M | -$144M | -$173M | -$242M | -$58M | -$130M | -$61M | -$67M |
Cash flow
Fiscal years, from Alerus Financial's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $48M | $54M | $19M | -$22M | $150M | $103M | $27M | $22M | $68M |
| Capital spending | $3M | $4M | $3M | $4M | $2M | $2M | $3M | $12M | $9M |
| Free cash flow | $45M | $50M | $16M | -$26M | $148M | $101M | $24M | $9M | $59M |
| Stock-based compensation | $938,000 | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $3M |
| Dividends paid | $7M | $7M | $9M | $10M | $11M | $13M | $15M | $15M | $21M |
| Share buybacks (net) | -$294,000 | -$356,000 | -$2M | -$482,000 | -$712,000 | -$738,000 | -$7M | -$276,000 | -$737,000 |
| Net borrowing | $29M | $63M | -$94M | -$210,000 | -$50M | $378M | -$64M | -$77M | $70M |
| Free cash flow margin | 26.3% | 28.0% | 8.7% | -11.2% | 63.2% | 48.0% | 14.1% | 4.2% | 26.2% |
| Dividends per share | $0.48 | $0.53 | $0.59 | $0.60 | $0.61 | $0.68 | $0.74 | $0.72 | $0.81 |
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Open ALRS in InvestinglyQuestions
What was Alerus Financial's revenue in 2025?
$224M in fiscal 2025, from its 10-K filing.
How much free cash flow does Alerus Financial generate?
$59M in fiscal 2025 (operating cash flow minus capital spending).
From Alerus Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.