NASDAQ : ALAB
Astera Labs, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 258.7 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 44.88B
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Financial statements
Astera Labs, Inc. (ALAB) reported revenue of 1.20B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | 1.20B | 852.52M | 396.29M | 115.79M | 79.87M |
| Cost of Revenue | 298.92M | 207.26M | 93.59M | 35.97M | 21.19M |
| Gross Profit | 903.00M | 645.26M | 302.70M | 79.83M | 58.68M |
| Selling, General & Admin | 195.30M | 167.84M | 217.94M | 35.92M | 45.16M |
| Research & Development | 434.25M | 304.00M | 200.83M | 73.41M | 73.71M |
| Operating Expenses | 629.55M | 471.84M | 418.76M | 109.32M | 118.88M |
| Operating Income | 273.44M | 173.42M | -116.07M | -29.50M | -60.19M |
| Interest & Investment Income | 48.57M | 44.73M | 34.29M | 6.55M | 2.61M |
| Pretax Income | 322.02M | 218.15M | -81.78M | -22.95M | -57.58M |
| Income Tax Expense | -47.48M | -981.00K | 1.64M | 3.31M | 764.00K |
| Net Income | 369.49M | 219.13M | -83.42M | -26.26M | -58.34M |
| Net Income to Common | 369.49M | 219.13M | -83.42M | -26.26M | -58.34M |
| Shares Outstanding (Basic) | 170.03M | 166.41M | 131.26M | 37.13M | 34.17M |
| Shares Outstanding (Diluted) | 181.54M | 179.55M | 131.26M | 37.13M | 34.17M |
| EPS (Basic) | 2.17 | 1.32 | -0.64 | -0.71 | -1.71 |
| EPS (Diluted) | 2.03 | 1.22 | -0.64 | -0.71 | -1.71 |
| Free Cash Flow | 276.68M | 281.76M | 102.43M | -15.48M | -39.77M |
| Free Cash Flow Per Share | 1.52 | 1.57 | 0.78 | -0.42 | -1.16 |
| Gross Margin | 75.13% | 75.69% | 76.38% | 68.94% | 73.47% |
| Operating Margin | 22.75% | 20.34% | -29.29% | -25.47% | -75.36% |
| Profit Margin | 30.74% | 25.70% | -21.05% | -22.68% | -73.05% |
| Free Cash Flow Margin | 23.02% | 33.05% | 25.85% | -13.37% | -49.79% |
| EBITDA | 285.40M | 180.25M | -112.91M | -27.72M | -59.39M |
| EBITDA Margin | 23.75% | 21.14% | -28.49% | -23.94% | -74.35% |
| D&A For EBITDA | 11.95M | 6.83M | 3.15M | 1.78M | 807.00K |
| EBIT | 273.44M | 173.42M | -116.07M | -29.50M | -60.19M |
| EBIT Margin | 22.75% | 20.34% | -29.29% | -25.47% | -75.36% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 111.45M | 167.61M | 79.55M | 45.10M | 76.09M |
| Short-Term Investments | 1.14B | 1.02B | 834.75M | 104.22M | 87.06M |
| Cash & Short-Term Investments | 1.25B | 1.19B | 914.30M | 149.31M | 163.14M |
| Receivables | 252.72M | 83.20M | 38.81M | 8.34M | 10.72M |
| Inventory | 113.78M | 58.98M | 43.22M | 24.09M | 28.87M |
| Prepaid Expenses | 31.03M | 16.65M | 4.06M | 2.76M | |
| Other Current Assets | 32.43M | 509.00K | |||
| Total Current Assets | 1.65B | 1.36B | 1.01B | 185.81M | 206.00M |
| Property, Plant & Equipment | 155.38M | 114.85M | 38.63M | 7.58M | 3.52M |
| Other Long-Term Assets | 32.67M | 54.95M | 2.90M | 2.90M | 2.20M |
| Total Assets | 1.93B | 1.53B | 1.05B | 196.29M | 211.73M |
| Accounts Payable | 53.93M | 42.36M | 26.92M | 6.34M | 10.29M |
| Accrued Expenses | 42.25M | 46.51M | 29.52M | 14.92M | 22.41M |
| Current Portion of Leases | 6.24M | 4.15M | 1.29M | 2.16M | 1.60M |
| Other Current Liabilities | 61.88M | 40.02M | 28.82M | 11.66M | 5.79M |
| Total Current Liabilities | 164.31M | 133.04M | 86.54M | 35.08M | 40.09M |
| Long-Term Leases | 38.17M | 26.83M | 1.79M | 778.00K | 361.00K |
| Other Long-Term Liabilities | 3.31M | 8.32M | 1.38M | 3.01M | 1.45M |
| Total Liabilities | 205.80M | 168.19M | 89.71M | 38.87M | 41.90M |
| Common Stock | 17.00K | 17.00K | 16.00K | 4.00K | 4.00K |
| Additional Paid-In Capital | 1.49B | 1.35B | 1.17B | 27.41M | 14.05M |
| Retained Earnings | 243.74M | 10.34M | -208.80M | -125.38M | -99.12M |
| Comprehensive Income & Other | -3.37M | 4.31M | 426.00K | 259.00K | -229.00K |
| Total Common Equity | 1.73B | 1.36B | 964.80M | -97.70M | -85.29M |
| Shareholders' Equity | 1.73B | 1.36B | 964.80M | 157.43M | 169.84M |
| Total Liabilities & Equity | 1.93B | 1.53B | 1.05B | 196.29M | 211.73M |
| Total Debt | 44.41M | 30.97M | 3.07M | 2.93M | 1.96M |
| Net Cash (Debt) | 1.21B | 1.16B | 911.23M | 146.38M | 161.19M |
| Net Cash Per Share | 6.66 | 6.45 | 6.94 | 3.94 | 4.72 |
| Filing Date Shares Outstanding | 173.49M | 170.21M | 162.15M | 42.05M | 34.17M |
| Total Common Shares Outstanding | 173.49M | 170.19M | 162.02M | 42.05M | 34.17M |
| Working Capital | 1.49B | 1.23B | 926.44M | 150.73M | 165.91M |
| Book Value Per Share | 9.95 | 8.01 | 5.95 | -2.32 | -2.50 |
| Tangible Book Value | 1.63B | 1.36B | 964.80M | -97.70M | -85.29M |
| Tangible Book Value Per Share | 9.42 | 8.01 | 5.95 | -2.32 | -2.50 |
| Machinery | 71.05M | 49.77M | 10.47M | 6.71M | 4.05M |
| Construction In Progress | 48.37M | 40.51M | 29.06M | ||
| Leasehold Improvements | 15.49M | 11.44M | 1.16M | 437.00K | 220.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | 369.49M | 219.13M | -83.42M | -26.26M | -58.34M |
| Depreciation & Amortization | 11.95M | 6.83M | 3.15M | 1.78M | 807.00K |
| Loss (Gain) From Sale of Investments | -5.62M | -7.93M | -8.44M | -1.66M | -525.00K |
| Stock-Based Compensation | 195.02M | 160.03M | 234.59M | 10.68M | 30.23M |
| Other Operating Activities | 14.88M | 7.21M | 4.09M | 12.41M | 1.90M |
| Change in Accounts Receivable | -168.29M | -44.34M | -30.48M | 2.39M | -6.04M |
| Change in Inventory | -51.50M | -12.95M | -19.29M | -5.56M | -19.36M |
| Change in Accounts Payable | 12.40M | 14.19M | 20.89M | -4.26M | 2.13M |
| Change in Other Net Operating Assets | -42.62M | -22.86M | 15.59M | -2.23M | 13.30M |
| Operating Cash Flow | 335.71M | 319.31M | 136.68M | -12.72M | -35.90M |
| Capital Expenditures | -59.04M | -37.54M | -34.24M | -2.76M | -3.87M |
| Cash Acquisitions | -98.00M | -28.79M | |||
| Investment in Securities | -239.37M | -174.64M | -721.91M | -15.01M | -86.72M |
| Other Investing Activities | -3.00M | -500.00K | -1.41M | ||
| Investing Cash Flow | -399.40M | -241.47M | -757.57M | -17.77M | -90.59M |
| Issuance of Common Stock | 11.81M | 9.80M | 681.82M | 1.11M | 2.12M |
| Repurchase of Common Stock | -21.18M | -210.00K | -313.00K | ||
| Other Financing Activities | -4.80M | -1.41M | |||
| Financing Cash Flow | 11.81M | 9.80M | 655.84M | -502.00K | 151.67M |
| Net Cash Flow | -51.88M | 87.64M | 34.95M | -30.99M | 25.18M |
| Free Cash Flow | 276.68M | 281.76M | 102.43M | -15.48M | -39.77M |
| Free Cash Flow Margin | 23.02% | 33.05% | 25.85% | -13.37% | -49.79% |
| Free Cash Flow Per Share | 1.52 | 1.57 | 0.78 | -0.42 | -1.16 |
| Levered Free Cash Flow | 91.91M | 206.81M | 121.10M | -7.94M | |
| Unlevered Free Cash Flow | 91.91M | 206.81M | 121.10M | -7.94M | |
| Cash Income Tax Paid | 1.64M | 1.64M | 7.79M | 2.48M | |
| Change in Working Capital | -250.01M | -65.96M | -13.29M | -9.68M | -9.97M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 44.88B | 28.10B | 21.01B | ||
| Enterprise Value | 43.67B | 27.00B | 20.12B | ||
| Last Close Price | 258.70 | 166.36 | 132.45 | ||
| PE Ratio | 127.43 | 128.23 | |||
| Forward PE | 46.02 | 76.61 | 121.76 | ||
| PS Ratio | 37.34 | 32.96 | 53.01 | ||
| PB Ratio | 26.01 | 20.61 | 21.77 | ||
| P/TBV Ratio | 27.46 | 20.61 | 21.77 | ||
| P/FCF Ratio | 162.21 | 99.72 | 205.09 | ||
| P/OCF Ratio | 133.69 | 88.00 | 153.71 | ||
| PEG Ratio | 0.86 | 1.80 | 2.50 | ||
| EV/Sales Ratio | 36.34 | 31.67 | 50.77 | ||
| EV/EBITDA Ratio | 153.02 | 149.77 | |||
| EV/EBIT Ratio | 159.71 | 155.66 | |||
| EV/FCF Ratio | 157.85 | 95.81 | 196.44 | ||
| Debt / Equity Ratio | 0.03 | 0.02 | 0.00 | 0.02 | 0.01 |
| Debt / EBITDA Ratio | 0.15 | 0.16 | |||
| Debt / FCF Ratio | 0.16 | 0.11 | 0.03 | ||
| Net Debt / Equity Ratio | -0.70 | -0.85 | -0.94 | -0.93 | -0.95 |
| Net Debt / EBITDA Ratio | -4.24 | -6.42 | 8.07 | 5.28 | 2.71 |
| Net Debt / FCF Ratio | -4.37 | -4.11 | -8.90 | 9.46 | 4.05 |
| Asset Turnover | 0.75 | 0.66 | 0.63 | 0.57 | |
| Inventory Turnover | 3.47 | 4.06 | 2.78 | 1.36 | |
| Quick Ratio | 9.16 | 9.56 | 11.01 | 4.49 | 4.34 |
| Current Ratio | 10.05 | 10.24 | 11.71 | 5.30 | 5.14 |
| Return on Equity (ROE) | 25.83% | 18.82% | -14.87% | -16.05% | |
| Return on Assets (ROA) | 10.67% | 8.38% | -11.60% | -9.04% | |
| Return on Capital Employed (ROCE) | 15.50% | 12.40% | -12.00% | -18.30% | -35.10% |
| Earnings Yield | 0.78% | 0.78% | -0.40% | ||
| FCF Yield | 0.62% | 1.00% | 0.49% | ||
| Buyback Yield / Dilution | -7.76% | -36.79% | -253.51% | -8.66% |