How does Alerus Financial (ALRS) make money?

Alerus Financial (ALRS) generates revenue primarily from Retirement and Benefit Services, which accounted for 63.5% of total revenue in TTM through Q1 2026. The company reported $330.40M in revenue and converted 8.2% of it into net profit, equivalent to roughly $27.10M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Alerus Financial (ALRS)?

Alerus Financial (ALRS) reported a gross profit margin of 70.6% in TTM through Q1 2026, equivalent to $233.41M in gross profit on $330.40M in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Alerus Financial (ALRS)?

Alerus Financial (ALRS) reported an operating profit margin of 10.7% in TTM through Q1 2026, equivalent to $35.28M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Alerus Financial (ALRS)?

Alerus Financial (ALRS) reported a net profit margin of 8.2% in TTM through Q1 2026, equivalent to $27.10M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Alerus Financial (ALRS) profitable?

Yes. Alerus Financial (ALRS) reported $27.10M in net income for TTM through Q1 2026, with a net profit margin of 8.2%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Alerus Financial (ALRS) spend on capital expenditures?

Alerus Financial (ALRS) spent $1.02M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 0.3% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Alerus Financial (ALRS) generate?

Alerus Financial (ALRS) generated $86.61M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 26.2%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Alerus Financial (ALRS)?

Alerus Financial (ALRS) had an effective tax rate of 23.2% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Alerus Financial (ALRS)?

Alerus Financial (ALRS) reports revenue across 4 reportable product segments, led by Retirement and Benefit Services at 63.5% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Alerus Financial Makes Money: 2026 Visual Revenue Map

Alerus Financial (ALRS) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 1, 2026).

Alerus Financial discloses geographic revenue only in annual filings. to view the full breakdown.

Alerus Financial (ALRS) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Alerus Financial (ALRS) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Retirement and Benefit Services	$209.73M	63.5%
Wealth Management	$89.27M	27%
Mortgage Banking	$21.88M	6.6%
Deposit Account	$9.52M	2.9%
Total	$330.40M	100%

Retirement and Benefit Services$209.73M
Wealth Management$89.27M
Mortgage Banking$21.88M
Deposit Account$9.52M
Total$330.40M

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Alerus Financial (ALRS) reports revenue across 4 operating segments; the largest segment was Retirement and Benefit Services at 63.5%, followed by Wealth Management (27%) and Mortgage Banking (6.6%).

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