Alerus Financial Corporation (ALRS) — Financial statements
Income statement, balance sheet, and cash flow for Alerus Financial Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 328↓3.1% | 338↑39.1% | 243↑8.3% | 225↓4.8% | 236 | |
| Cost of Revenue | 108↓18.8% | 133↑67.7% | 79↑399.1% | 16↑670.1% | 2 | |
| Gross Profit | 220↑7.1% | 206↑25.3% | 164↓21.4% | 209↓10.7% | 234 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 97↑11.6% | 87↑14.4% | 76↓5.4% | 81↓13.6% | 93 | |
| Selling & Marketing Expenses | 4↑18.1% | 3↑7.3% | 3↓9.6% | 3↑5.3% | 3 | |
| SG&A Expenses | 101↑11.9% | 91↑14.2% | 79↓5.5% | 84↓13.1% | 97 | |
| Other Expenses | 96↑4.8% | 92↑33.2% | 69↓4.9% | 73↑6.5% | 68 | |
| Operating Expenses | 198↑8.3% | 182↑23.0% | 148↓5.3% | 157↓4.9% | 165 | |
| Total Costs & Expenses | 305↓3.1% | 315↑38.6% | 227↑31.9% | 172↑3.4% | 167 | |
| Operating Results | ||||||
| Operating Income | 23↓2.4% | 23↑46.1% | 16↓69.6% | 52↓24.5% | 69 | |
| Depreciation & Amortization | 17↑16.2% | 15↑74.9% | 9↑3.3% | 8↓6.5% | 9 | |
| EBITDA | 40↑4.8% | 38↑56.1% | 24↓59.7% | 60↓22.4% | 78 | |
| EBIT | 23↓2.4% | 23↑46.1% | 16↓69.6% | 52↓24.5% | 69 | |
| Interest & Other Income | ||||||
| Net Interest Income | 172↑61.1% | 107↑21.9% | 88↓11.9% | 100↑14.5% | 87 | |
| Interest Income | 280↑26.2% | 222↑34.4% | 165↑42.7% | 116↑24.7% | 93 | |
| Interest Expense | 107↓6.5% | 115↑48.7% | 77↑386.1% | 16↑185.1% | 6 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 23↓2.4% | 23↑46.1% | 16↓69.6% | 52↓24.5% | 69 | |
| Income Tax Expense | 5↓4.2% | 5↑29.4% | 4↓65.9% | 12↓25.7% | 16 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 17↓1.9% | 18↑52.0% | 12↓70.8% | 40↓24.1% | 53 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 17↓1.9% | 18↑52.0% | 12↓70.8% | 40↓24.1% | 53 | |
| Bottom-Line Net Income | 17↓1.5% | 18↑51.6% | 12↓70.4% | 40↓23.7% | 52 | |
| EPS (Basic) | 0.69↓17.9% | 0.84↑42.4% | 0.59↓72.2% | 2.12↓29.8% | 3.02 | |
| EPS (Diluted) | 0.68↓18.1% | 0.83↑43.1% | 0.58↓72.4% | 2.10↓29.3% | 2.97 | |
| Weighted Average Shares | 25↑20.6% | 21↑5.6% | 20↑6.9% | 19↑8.4% | 17 | |
| Weighted Average Diluted Shares | 26↑20.5% | 21↑5.8% | 20↑6.7% | 19↑8.0% | 17 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.