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Astera Labs (ALAB) Financials

Astera Labs logo
$215.69 +14.44 (+7.18%)
Closing price 05/5/2026 04:00 PM Eastern
Extended Trading
$231.50 +15.81 (+7.33%)
As of 05:23 AM Eastern
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Annual Income Statements for Astera Labs

Annual Income Statements for Astera Labs

This table shows Astera Labs' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-58 -26 -83 219
Consolidated Net Income / (Loss)
-58 -26 -83 219
Net Income / (Loss) Continuing Operations
-58 -26 -83 219
Total Pre-Tax Income
-58 -23 -82 218
Total Operating Income
-60 -29 -116 173
Total Gross Profit
59 80 303 645
Total Revenue
80 116 396 853
Operating Revenue
80 116 396 853
Total Cost of Revenue
21 36 94 207
Operating Cost of Revenue
21 36 94 207
Total Operating Expenses
119 109 419 472
Selling, General & Admin Expense
21 16 94 88
Marketing Expense
24 20 124 80
Research & Development Expense
74 73 201 304
Total Other Income / (Expense), net
2.61 6.55 34 45
Interest & Investment Income
2.61 6.55 34 45
Income Tax Expense
0.76 3.31 1.64 -0.98
Basic Earnings per Share
($1.71) ($0.71) ($0.64) $1.32
Weighted Average Basic Shares Outstanding
34.17M 37.13M 131.26M 166.41M
Diluted Earnings per Share
($1.71) ($0.71) ($0.64) $1.22
Weighted Average Diluted Shares Outstanding
34.17M 37.13M 131.26M 179.55M
Weighted Average Basic & Diluted Shares Outstanding
- - 162.15M 170.21M

Quarterly Income Statements for Astera Labs

This table shows Astera Labs' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-20 -3.12 14 -93 -7.55 -7.59 25 32 51 91 45
Consolidated Net Income / (Loss)
-20 -3.12 14 -93 -7.55 -7.59 25 32 51 91 45
Net Income / (Loss) Continuing Operations
-20 -3.12 14 -93 -7.55 -7.59 25 32 51 91 45
Total Pre-Tax Income
-16 -0.25 11 -80 -14 2.02 11 22 51 67 79
Total Operating Income
-18 -1.98 9.02 -83 -24 -8.90 0.14 11 40 55 67
Total Gross Profit
8.44 28 39 51 60 88 104 119 146 176 204
Total Revenue
11 37 51 65 77 113 141 159 192 231 271
Operating Revenue
11 37 51 65 77 113 141 159 192 231 271
Total Cost of Revenue
2.25 8.82 11 15 17 25 37 40 46 55 66
Operating Cost of Revenue
2.25 8.82 11 15 17 25 37 40 46 55 66
Total Operating Expenses
26 30 30 133 84 97 104 108 106 120 138
Selling, General & Admin Expense
3.10 3.95 5.36 24 22 23 25 22 20 22 24
Marketing Expense
5.10 5.51 5.00 56 22 23 23 22 19 19 20
Research & Development Expense
18 21 20 54 40 51 57 65 67 79 94
Total Other Income / (Expense), net
1.56 1.72 1.67 2.55 10 11 11 10 11 11 12
Interest & Investment Income
1.56 1.72 1.67 2.55 10 11 11 10 11 11 12
Income Tax Expense
3.95 2.87 -3.63 13 -6.54 9.61 -14 -10 -0.56 -24 34
Basic Earnings per Share
($0.55) ($0.08) $0.41 ($1.77) ($0.05) ($0.05) $1.23 $0.19 $0.31 $0.54 $0.28
Weighted Average Basic Shares Outstanding
36.57M 37.47M 37.13M 52.53M 155.20M 156.83M 131.26M 163.19M 165.43M 167.44M 166.41M
Diluted Earnings per Share
($0.55) ($0.08) $0.41 ($1.77) ($0.05) ($0.05) $1.23 $0.18 $0.29 $0.50 $0.25
Weighted Average Diluted Shares Outstanding
36.57M 37.47M 37.13M 52.53M 155.20M 156.83M 131.26M 178.12M 178.10M 180.63M 179.55M
Weighted Average Basic & Diluted Shares Outstanding
- - 0.00 155.70M 156.66M 158.61M 162.15M 164.92M 166.22M 168.90M 170.21M

Annual Cash Flow Statements for Astera Labs

This table details how cash moves in and out of Astera Labs' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
25 -31 35 88
Net Cash From Operating Activities
-36 -13 137 319
Net Cash From Continuing Operating Activities
-36 -13 137 319
Net Income / (Loss) Continuing Operations
-58 -26 -83 219
Consolidated Net Income / (Loss)
-58 -26 -83 219
Depreciation Expense
0.81 1.78 3.15 6.83
Amortization Expense
-0.53 -1.66 -8.44 -7.93
Non-Cash Adjustments To Reconcile Net Income
32 23 239 167
Changes in Operating Assets and Liabilities, net
-9.97 -9.68 -13 -66
Net Cash From Investing Activities
-91 -18 -758 -241
Net Cash From Continuing Investing Activities
-91 -18 -758 -241
Purchase of Property, Plant & Equipment
-3.87 -2.76 -34 -38
Acquisitions
- 0.00 0.00 -29
Purchase of Investments
-89 -126 -931 -858
Sale and/or Maturity of Investments
2.00 111 209 683
Other Investing Activities, net
0.00 0.00 -1.41 -0.50
Net Cash From Financing Activities
152 -0.50 656 9.80
Net Cash From Continuing Financing Activities
152 -0.50 656 9.80
Repurchase of Common Equity
-0.31 -1.62 -5.87 0.00
Issuance of Common Equity
0.00 0.00 676 7.98
Other Financing Activities, net
2.12 1.12 -15 1.83

Quarterly Cash Flow Statements for Astera Labs

This table details how cash moves in and out of Astera Labs' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents
-14 -56 7.38 651 -275 -295 -46 6.95 76 -22 26
Net Cash From Operating Activities
-23 -0.33 14 3.65 30 64 40 11 135 78 95
Net Cash From Continuing Operating Activities
-23 -0.33 14 3.65 30 64 40 11 135 78 95
Net Income / (Loss) Continuing Operations
-20 -3.12 14 -93 -7.55 -7.59 25 32 51 91 45
Consolidated Net Income / (Loss)
-20 -3.12 14 -93 -7.55 -7.59 25 32 51 91 45
Depreciation Expense
0.41 0.48 0.54 0.61 0.72 0.85 0.97 1.13 1.39 1.47 2.85
Amortization Expense
-0.23 -0.40 -0.59 -0.57 -1.07 -3.23 -3.47 -2.54 -1.95 -1.79 -1.65
Non-Cash Adjustments To Reconcile Net Income
3.06 3.81 4.18 99 45 46 49 42 40 43 42
Changes in Operating Assets and Liabilities, net
-6.20 -1.10 -4.06 -2.23 -7.77 27 -31 -62 45 -56 7.05
Net Cash From Investing Activities
9.16 -56 -5.96 -4.25 -302 -359 -91 -3.94 -64 -101 -73
Net Cash From Continuing Investing Activities
9.16 -56 -5.96 -4.25 -302 -359 -91 -3.94 -64 -101 -73
Purchase of Property, Plant & Equipment
-0.58 -0.74 -1.01 -3.42 1.32 -17 -15 -4.54 -2.02 -12 -19
Purchase of Investments
-4.93 -76 -23 -23 -322 -379 -206 -191 -214 -260 -193
Sale and/or Maturity of Investments
15 20 18 22 19 36 131 191 152 171 168
Net Cash From Financing Activities
-0.12 0.64 -1.06 652 -2.34 0.95 5.65 0.39 4.74 0.95 3.73
Net Cash From Continuing Financing Activities
-0.12 0.64 -1.06 652 -2.34 0.95 5.65 0.39 4.74 0.95 3.73
Issuance of Common Equity
- - - 672 - - 4.16 0.00 4.35 - 3.63
Other Financing Activities, net
-0.03 0.66 0.45 -19 0.70 0.95 2.56 0.39 0.39 0.95 0.10

Annual Balance Sheets for Astera Labs

This table presents Astera Labs' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Total Assets
196 1,055 1,532
Total Current Assets
186 1,013 1,362
Cash & Equivalents
45 80 168
Short-Term Investments
104 835 1,021
Accounts Receivable
8.34 39 83
Inventories, net
24 43 59
Prepaid Expenses
4.06 17 31
Plant, Property, & Equipment, net
4.71 36 92
Total Noncurrent Assets
5.77 5.88 78
Other Noncurrent Operating Assets
5.77 5.88 78
Total Liabilities & Shareholders' Equity
196 1,055 1,532
Total Liabilities
39 90 168
Total Current Liabilities
35 87 133
Accounts Payable
6.34 27 42
Accrued Expenses
29 60 91
Total Noncurrent Liabilities
3.79 3.17 35
Other Noncurrent Operating Liabilities
3.79 3.17 35
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-98 965 1,364
Total Preferred & Common Equity
-98 965 1,364
Total Common Equity
-98 965 1,364
Common Stock
27 1,173 1,349
Retained Earnings
-125 -209 10
Accumulated Other Comprehensive Income / (Loss)
0.26 0.43 4.31

Quarterly Balance Sheets for Astera Labs

This table presents Astera Labs' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets
865 916 983 1,122 1,271 1,401
Total Current Assets
854 891 946 1,076 1,181 1,290
Cash & Equivalents
696 421 126 86 162 140
Short-Term Investments
105 410 761 838 903 994
Accounts Receivable
17 22 25 70 24 43
Inventories, net
30 29 24 51 59 52
Prepaid Expenses
6.73 9.45 8.99 30 33 61
Plant, Property, & Equipment, net
7.58 22 35 39 62 72
Total Noncurrent Assets
2.88 2.45 2.34 6.40 29 39
Other Noncurrent Operating Assets
2.88 2.45 2.34 6.40 29 39
Total Liabilities & Shareholders' Equity
865 916 983 1,122 1,271 1,401
Total Liabilities
56 70 93 80 136 129
Total Current Liabilities
46 64 88 77 106 101
Accounts Payable
11 15 19 30 32 26
Accrued Expenses
34 49 69 48 75 75
Total Noncurrent Liabilities
11 6.19 5.41 2.85 29 28
Other Noncurrent Operating Liabilities
11 6.19 5.41 2.85 29 28
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
809 845 890 1,042 1,136 1,272
Total Preferred & Common Equity
809 845 890 1,042 1,136 1,272
Total Common Equity
809 845 890 1,042 1,136 1,272
Common Stock
1,027 1,072 1,119 1,217 1,259 1,302
Retained Earnings
-218 -226 -234 -177 -126 -35
Accumulated Other Comprehensive Income / (Loss)
-0.06 -0.35 4.43 2.03 2.87 4.10

Annual Metrics And Ratios for Astera Labs

This table displays calculated financial ratios and metrics derived from Astera Labs' official financial filings.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics
- - - -
Revenue Growth
0.00% 44.97% 242.24% 115.13%
EBITDA Growth
0.00% 51.03% -313.27% 242.00%
EBIT Growth
0.00% 51.00% -293.48% 249.42%
NOPAT Growth
0.00% 51.00% -293.48% 314.41%
Net Income Growth
0.00% 55.00% -217.71% 362.68%
EPS Growth
0.00% 58.48% 9.86% 290.63%
Operating Cash Flow Growth
0.00% 64.58% 1,174.83% 133.62%
Free Cash Flow Firm Growth
0.00% 0.00% -329.86% 140.35%
Invested Capital Growth
0.00% 0.00% 522.43% 246.19%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 17.91%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% 69.14%
EBIT Q/Q Growth
0.00% 0.00% 0.00% 62.67%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% 23.20%
Net Income Q/Q Growth
0.00% 0.00% 0.00% 10.19%
EPS Q/Q Growth
0.00% 0.00% 0.00% -44.55%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 0.00% 21.07%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 622.60%
Invested Capital Q/Q Growth
0.00% 0.00% 1,696.44% 27.32%
Profitability Metrics
- - - -
Gross Margin
73.47% 68.94% 76.38% 75.69%
EBITDA Margin
-75.01% -25.34% -30.60% 20.21%
Operating Margin
-75.36% -25.47% -29.29% 20.34%
EBIT Margin
-75.36% -25.47% -29.29% 20.34%
Profit (Net Income) Margin
-73.05% -22.68% -21.05% 25.70%
Tax Burden Percent
101.33% 114.42% 102.01% 100.45%
Interest Burden Percent
95.66% 77.80% 70.46% 125.79%
Effective Tax Rate
0.00% 0.00% 0.00% -0.45%
Return on Invested Capital (ROIC)
0.00% -509.01% -277.24% 154.63%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% -501.49% -276.83% 150.36%
Return on Net Nonoperating Assets (RNNOA)
0.00% 475.65% 262.37% -135.81%
Return on Equity (ROE)
0.00% -33.36% -14.87% 18.82%
Cash Return on Invested Capital (CROIC)
0.00% -709.01% -421.87% 44.28%
Operating Return on Assets (OROA)
0.00% -15.03% -18.56% 13.41%
Return on Assets (ROA)
0.00% -13.38% -13.34% 16.95%
Return on Common Equity (ROCE)
0.00% 20.70% -11.49% 18.82%
Return on Equity Simple (ROE_SIMPLE)
0.00% 26.87% -8.65% 0.00%
Net Operating Profit after Tax (NOPAT)
-42 -21 -81 174
NOPAT Margin
-52.75% -17.83% -20.50% 20.43%
Net Nonoperating Expense Percent (NNEP)
0.00% -7.51% -0.41% 4.27%
Return On Investment Capital (ROIC_SIMPLE)
- 21.13% -8.42% 12.77%
Cost of Revenue to Revenue
26.53% 31.06% 23.62% 24.31%
SG&A Expenses to Revenue
25.99% 13.75% 23.79% 10.33%
R&D to Revenue
92.29% 63.39% 50.68% 35.66%
Operating Expenses to Revenue
148.83% 94.41% 105.67% 55.35%
Earnings before Interest and Taxes (EBIT)
-60 -29 -116 173
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-60 -29 -121 172
Valuation Ratios
- - - -
Price to Book Value (P/BV)
0.00 0.00 21.77 20.61
Price to Tangible Book Value (P/TBV)
0.00 0.00 21.77 20.61
Price to Revenue (P/Rev)
8.92 6.16 53.01 32.96
Price to Earnings (P/E)
0.00 0.00 0.00 128.23
Dividend Yield
0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.78%
Enterprise Value to Invested Capital (EV/IC)
0.00 100.90 397.91 153.93
Enterprise Value to Revenue (EV/Rev)
0.00 7.07 50.70 31.57
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 156.16
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 155.17
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 154.48
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 147.02 84.28
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 539.46
Leverage & Solvency
- - - -
Debt to Equity
0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00
Financial Leverage
0.00 -0.95 -0.95 -0.90
Leverage Ratio
0.00 1.25 1.11 1.11
Compound Leverage Factor
0.00 0.97 0.79 1.40
Debt to Total Capital
0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 162.06% 0.00% 0.00%
Common Equity to Total Capital
0.00% -62.06% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00
Altman Z-Score
0.00 11.13 141.30 102.14
Noncontrolling Interest Sharing Ratio
0.00% 162.06% 22.73% 0.00%
Liquidity Ratios
- - - -
Current Ratio
0.00 5.30 11.71 10.24
Quick Ratio
0.00 4.49 11.01 9.56
Cash Flow Metrics
- - - -
Free Cash Flow to Firm (FCFF)
0.00 -29 -124 50
Operating Cash Flow to CapEx
-926.88% -460.56% 399.11% 850.48%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00
Efficiency Ratios
- - - -
Asset Turnover
0.00 0.59 0.63 0.66
Accounts Receivable Turnover
0.00 13.89 16.81 13.97
Inventory Turnover
0.00 1.49 2.78 4.06
Fixed Asset Turnover
0.00 24.57 19.64 13.35
Accounts Payable Turnover
0.00 5.68 5.63 5.98
Days Sales Outstanding (DSO)
0.00 26.27 21.71 26.12
Days Inventory Outstanding (DIO)
0.00 244.52 131.25 89.98
Days Payable Outstanding (DPO)
0.00 64.31 64.85 61.00
Cash Conversion Cycle (CCC)
0.00 206.48 88.12 55.10
Capital & Investment Metrics
- - - -
Invested Capital
0.00 8.11 50 175
Invested Capital Turnover
0.00 28.55 13.52 7.57
Increase / (Decrease) in Invested Capital
0.00 8.11 42 124
Enterprise Value (EV)
0.00 819 20,094 26,910
Market Capitalization
713 713 21,008 28,099
Book Value per Share
$0.00 ($2.63) $6.08 $8.07
Tangible Book Value per Share
$0.00 ($2.63) $6.08 $8.07
Total Capital
0.00 157 965 1,364
Total Debt
0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00
Net Debt
0.00 -149 -914 -1,189
Capital Expenditures (CapEx)
3.87 2.76 34 38
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 1.42 12 40
Debt-free Net Working Capital (DFNWC)
0.00 151 926 1,229
Net Working Capital (NWC)
0.00 151 926 1,229
Net Nonoperating Expense (NNE)
16 5.61 2.17 -45
Net Nonoperating Obligations (NNO)
0.00 -149 -914 -1,189
Total Depreciation and Amortization (D&A)
0.28 0.16 -5.19 -1.10
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 1.22% 3.06% 4.71%
Debt-free Net Working Capital to Revenue
0.00% 130.17% 233.78% 144.16%
Net Working Capital to Revenue
0.00% 130.17% 233.78% 144.16%
Earnings Adjustments
- - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($0.64) $1.32
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 131.26M 166.41M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($0.64) $1.22
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 131.26M 179.55M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 162.15M 170.21M
Normalized Net Operating Profit after Tax (NOPAT)
-42 -21 -81 121
Normalized NOPAT Margin
-52.75% -17.83% -20.50% 14.24%
Pre Tax Income Margin
-72.09% -19.82% -20.64% 25.59%
Debt Service Ratios
- - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00
Payout Ratios
- - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
-0.54% -6.16% -7.03% 0.00%

Quarterly Metrics And Ratios for Astera Labs

This table displays calculated financial ratios and metrics derived from Astera Labs' official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
0.00% 0.00% 0.00% 269.44% 619.03% 206.23% 179.32% 144.33% 149.74% 103.89% 91.77%
EBITDA Growth
0.00% 0.00% 0.00% -336.85% -41.67% -494.20% -126.24% 111.90% 258.58% 587.12% 2,955.05%
EBIT Growth
0.00% 0.00% 0.00% -338.35% -38.23% -349.97% -98.40% 113.60% 263.36% 722.82% 46,398.61%
NOPAT Growth
0.00% 0.00% 0.00% -338.35% -38.23% 2,521.10% -97.25% 128.47% 335.96% 125.34% 11,377.80%
Net Income Growth
0.00% 0.00% 0.00% -432.80% 62.28% -143.05% 72.52% 134.22% 778.76% 1,299.97% 82.02%
EPS Growth
0.00% 0.00% 0.00% -261.22% 90.91% 37.50% 200.00% 110.17% 680.00% 1,100.00% -79.67%
Operating Cash Flow Growth
0.00% 0.00% 0.00% 195.63% 229.84% 19,114.37% 175.73% 187.62% 354.05% 23.09% 139.94%
Free Cash Flow Firm Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -41.91% 48.38% -292.18% -104.87%
Invested Capital Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 522.43% 1,480.36% 395.39% 4,784.49% 246.19%
Revenue Q/Q Growth
-39.49% 245.51% 36.79% 0.00% 17.76% 47.15% 24.77% 13.00% 20.37% 20.14% 17.35%
EBITDA Q/Q Growth
8.14% 89.11% 572.87% 0.00% 70.21% 54.34% 79.12% 519.02% 297.44% 40.45% 23.72%
EBIT Q/Q Growth
6.94% 88.78% 556.25% 0.00% 70.65% 63.46% 101.62% 7,736.81% 252.45% 39.30% 20.85%
NOPAT Q/Q Growth
6.94% 88.78% 973.08% 0.00% 70.65% 296.60% -99.01% 4,872.39% 143.21% 87.75% -49.45%
Net Income Q/Q Growth
-14.61% 84.38% 558.55% 0.00% 91.89% -0.62% 425.47% 28.75% 60.97% 77.89% -50.63%
EPS Q/Q Growth
-12.24% 85.45% 612.50% 0.00% 97.18% 0.00% 2,560.00% -85.37% 61.11% 72.41% -50.00%
Operating Cash Flow Q/Q Growth
-501.26% 98.55% 4,411.08% 0.00% 716.35% 113.02% -37.48% -73.54% 1,188.71% -42.25% 21.87%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% 52.19% 198.07% -237.00% -120.93% 82.61% -265.09% -46.05%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 0.00% 92.84% -80.28% 1,696.44% 131.37% -39.55% 94.40% 27.32%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
78.96% 76.11% 77.26% 77.42% 77.88% 77.71% 74.03% 74.89% 75.84% 76.25% 75.57%
EBITDA Margin
-163.14% -5.14% 17.77% -127.06% -32.14% -9.97% -1.67% 6.19% 20.43% 23.89% 25.19%
Operating Margin
-164.79% -5.35% 17.86% -127.14% -31.68% -7.87% 0.10% 7.08% 20.72% 24.03% 24.75%
EBIT Margin
-164.79% -5.35% 17.86% -127.14% -31.68% -7.87% 0.10% 7.08% 20.72% 24.03% 24.75%
Profit (Net Income) Margin
-187.16% -8.46% 28.36% -142.50% -9.82% -6.71% 17.52% 19.96% 26.69% 39.52% 16.62%
Tax Burden Percent
124.57% 1,234.78% 133.95% 115.65% 53.58% -376.64% 230.92% 146.52% 101.11% 136.27% 57.00%
Interest Burden Percent
91.17% 12.80% 118.56% 96.92% 57.84% -22.66% 7,431.94% 192.44% 127.37% 120.68% 117.86%
Effective Tax Rate
0.00% 0.00% -33.95% 0.00% 0.00% 476.64% -130.92% -46.52% -1.11% -36.27% 43.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 341.39% 0.00% 0.00% 0.00% 3.19% 81.89% 298.94% 337.96% 106.74%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 339.89% 0.00% 0.00% 0.00% -1.40% 80.11% 297.78% 336.41% 106.09%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% -322.37% 0.00% 0.00% 0.00% 1.32% -74.74% -285.02% -314.60% -95.83%
Return on Equity (ROE)
0.00% 0.00% 19.02% 0.00% 0.00% 0.00% 4.51% 7.15% 13.92% 23.35% 10.91%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% -354.50% 0.00% 0.00% 0.00% -421.87% -247.62% -15.49% 9.85% 44.28%
Operating Return on Assets (OROA)
0.00% 0.00% 10.53% 0.00% 0.00% 0.00% 0.06% 3.49% 11.48% 14.57% 16.31%
Return on Assets (ROA)
0.00% 0.00% 16.73% 0.00% 0.00% 0.00% 11.10% 9.85% 14.78% 23.97% 10.96%
Return on Common Equity (ROCE)
0.00% 0.00% -11.80% 0.00% 0.00% 0.00% 3.49% 7.15% 13.92% 23.35% 10.91%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.97% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
-12 -1.38 12 -58 -17 34 0.33 17 40 76 38
NOPAT Margin
-115.35% -3.75% 23.92% -89.00% -22.18% 29.63% 0.24% 10.37% 20.95% 32.75% 14.11%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 1.50% -8.71% 2.29% -9.27% 4.58% 1.77% 1.16% 1.54% 0.65%
Return On Investment Capital (ROIC_SIMPLE)
- - -12.37% - - - 0.03% 1.59% 3.54% 5.94% 2.80%
Cost of Revenue to Revenue
21.04% 23.89% 22.74% 22.58% 22.12% 22.29% 25.97% 25.11% 24.16% 23.75% 24.43%
SG&A Expenses to Revenue
28.96% 10.69% 10.60% 37.42% 28.67% 20.22% 17.69% 13.72% 10.66% 9.59% 8.73%
R&D to Revenue
167.10% 55.85% 38.91% 82.07% 52.17% 44.80% 40.06% 40.49% 34.77% 34.23% 34.66%
Operating Expenses to Revenue
243.75% 81.46% 59.40% 204.55% 109.57% 85.57% 73.92% 67.82% 55.12% 52.22% 50.82%
Earnings before Interest and Taxes (EBIT)
-18 -1.98 9.02 -83 -24 -8.90 0.14 11 40 55 67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-17 -1.90 8.98 -83 -25 -11 -2.36 9.87 39 55 68
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 1.82 11.15 9.23 21.77 9.29 13.13 25.59 20.61
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 1.82 11.15 9.23 21.77 9.29 13.13 25.59 20.61
Price to Revenue (P/Rev)
0.00 0.00 6.16 0.00 0.00 0.00 53.01 19.73 24.63 45.01 32.96
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 233.75 148.88 163.66 128.23
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.43% 0.67% 0.61% 0.78%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 100.90 90.30 602.55 2,604.21 397.91 74.90 196.05 228.77 153.93
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 7.07 0.00 0.00 0.00 50.70 17.84 22.87 43.44 31.57
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 390.19 308.32 156.16
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 327.29 294.64 155.17
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 278.07 222.15 154.48
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 147.02 60.97 55.59 119.10 84.28
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,550.24 539.46
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
0.00 0.00 -0.95 -0.99 -0.98 -1.00 -0.95 -0.93 -0.96 -0.94 -0.90
Leverage Ratio
0.00 0.00 1.25 1.07 1.08 1.11 1.11 1.07 1.10 1.10 1.11
Compound Leverage Factor
0.00 0.00 1.48 1.04 0.63 -0.25 82.83 2.07 1.41 1.33 1.31
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 162.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 0.00% -62.06% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
0.00 0.00 11.77 16.16 81.10 53.38 141.66 73.77 67.39 152.48 101.91
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 162.06% 0.00% 0.00% 0.00% 22.73% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.00 0.00 5.30 18.74 13.91 10.74 11.71 13.92 11.10 12.78 10.24
Quick Ratio
0.00 0.00 4.49 17.95 13.32 10.36 11.01 12.87 10.24 11.66 9.56
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 0.00 0.00 -65 -31 31 -42 -93 -16 -59 -86
Operating Cash Flow to CapEx
-3,993.39% -45.38% 1,424.23% 106.66% 0.00% 380.36% 257.01% 231.42% 6,691.35% 635.90% 509.74%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.00 0.00 0.59 0.00 0.00 0.00 0.63 0.49 0.55 0.61 0.66
Accounts Receivable Turnover
0.00 0.00 13.89 0.00 0.00 0.00 16.81 11.34 26.02 21.18 13.97
Inventory Turnover
0.00 0.00 1.49 0.00 0.00 0.00 2.78 2.95 3.40 4.67 4.06
Fixed Asset Turnover
0.00 0.00 24.57 0.00 0.00 0.00 19.64 20.85 14.44 13.44 13.35
Accounts Payable Turnover
0.00 0.00 5.68 0.00 0.00 0.00 5.63 5.80 6.42 8.02 5.98
Days Sales Outstanding (DSO)
0.00 0.00 26.27 0.00 0.00 0.00 21.71 32.20 14.03 17.24 26.12
Days Inventory Outstanding (DIO)
0.00 0.00 244.52 0.00 0.00 0.00 131.25 123.77 107.31 78.09 89.98
Days Payable Outstanding (DPO)
0.00 0.00 64.31 0.00 0.00 0.00 64.85 62.91 56.83 45.53 61.00
Cash Conversion Cycle (CCC)
0.00 0.00 206.48 0.00 0.00 0.00 88.12 93.06 64.51 49.79 55.10
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
0.00 0.00 8.11 7.39 14 2.81 50 117 71 137 175
Invested Capital Turnover
0.00 0.00 14.27 0.00 0.00 0.00 13.52 7.90 14.27 10.32 7.57
Increase / (Decrease) in Invested Capital
0.00 0.00 0.00 7.39 14 2.81 42 109 56 134 124
Enterprise Value (EV)
0.00 0.00 819 668 8,590 7,320 20,094 8,751 13,847 31,411 26,910
Market Capitalization
713 713 713 1,469 9,421 8,207 21,008 9,676 14,912 32,546 28,099
Book Value per Share
$0.00 $0.00 ($2.63) $15.40 $5.43 $5.68 $6.08 $6.42 $6.89 $7.65 $8.07
Tangible Book Value per Share
$0.00 $0.00 ($2.63) $15.40 $5.43 $5.68 $6.08 $6.42 $6.89 $7.65 $8.07
Total Capital
0.00 0.00 157 809 845 890 965 1,042 1,136 1,272 1,364
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
0.00 0.00 -149 -801 -831 -887 -914 -925 -1,065 -1,134 -1,189
Capital Expenditures (CapEx)
0.58 0.74 1.01 3.42 -1.32 17 15 4.54 2.02 12 19
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 0.00 1.42 7.46 -3.82 -29 12 74 9.28 55 40
Debt-free Net Working Capital (DFNWC)
0.00 0.00 151 809 827 858 926 999 1,074 1,189 1,229
Net Working Capital (NWC)
0.00 0.00 151 809 827 858 926 999 1,074 1,189 1,229
Net Nonoperating Expense (NNE)
7.67 1.74 -2.24 35 -9.50 41 -24 -15 -11 -16 -6.82
Net Nonoperating Obligations (NNO)
0.00 0.00 -149 -801 -831 -887 -914 -925 -1,065 -1,134 -1,189
Total Depreciation and Amortization (D&A)
0.18 0.08 -0.05 0.05 -0.35 -2.38 -2.50 -1.42 -0.56 -0.32 1.19
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 0.00% 1.22% 0.00% 0.00% 0.00% 3.06% 15.05% 1.53% 7.58% 4.71%
Debt-free Net Working Capital to Revenue
0.00% 0.00% 130.17% 0.00% 0.00% 0.00% 233.78% 203.59% 177.42% 164.47% 144.16%
Net Working Capital to Revenue
0.00% 0.00% 130.17% 0.00% 0.00% 0.00% 233.78% 203.59% 177.42% 164.47% 144.16%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.41 ($1.77) ($0.05) ($0.05) $1.23 $0.19 $0.31 $0.54 $0.28
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 37.13M 52.53M 155.20M 156.83M 131.26M 163.19M 165.43M 167.44M 166.41M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.41 ($1.77) ($0.05) ($0.05) $1.23 $0.18 $0.29 $0.50 $0.25
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 37.13M 52.53M 155.20M 156.83M 131.26M 178.12M 178.10M 180.63M 179.55M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 155.70M 156.66M 158.61M 162.15M 164.92M 166.22M 168.90M 170.21M
Normalized Net Operating Profit after Tax (NOPAT)
-12 -1.38 6.31 -58 -17 -6.23 0.10 7.90 28 39 38
Normalized NOPAT Margin
-115.35% -3.75% 12.50% -89.00% -22.18% -5.51% 0.07% 4.95% 14.51% 16.82% 14.11%
Pre Tax Income Margin
-150.24% -0.69% 21.17% -123.22% -18.33% 1.78% 7.58% 13.62% 26.40% 29.00% 29.16%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% -6.16% 0.00% 0.00% 0.00% -7.03% 9.93% 1.06% 0.54% 0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the top takeaways for Astera Labs (ALAB) based on the last four years of quarterly statements, with a focus on the most recent four quarters. The items are ordered with positives first, then neutral, then negatives.

  • Revenue growth acceleration in 2025: 2025 Q4 revenue reached $270.6M, up from $159.4M in 2025 Q1 and $230.6M in 2025 Q3, signaling strong top‑line expansion.
  • Gross margin remains healthy and relatively stable: 2025 Q4 gross margin ≈ 75.8% (gross profit $204.5M on $270.6M revenue), with similar levels in 2025 Q3 and mid‑70s in 2024.
  • Robust quarterly operating cash flow: Net cash from continuing operating activities was about $95.3M in 2025 Q4 and $78.2M in 2025 Q3, indicating solid cash generation from core operations.
  • Strong liquidity position: As of 2025, the company held substantial liquid assets (large short‑term investments, plus cash on hand), supporting near‑term liquidity and flexibility.
  • Rising equity base and solid balance sheet: Total equity increased through 2025, reaching roughly $1.27B by 2025 Q3, reflecting retained earnings growth and a strengthening capital position.
  • Ongoing but sizable R&D investment: Research & Development expense remains a major cost driver (e.g., $93.8M in 2025 Q4; $78.9M in 2025 Q3), underscoring continued product development efforts.
  • Earnings per share exhibit volatility tied to share count: Weighted average shares rose through 2025 (approx. 166–181M), with diluted EPS of $0.25 in 2025 Q4 vs $0.50 in 2025 Q3, suggesting dilution effects and quarterly earnings volatility.
  • Capex remains modest but rising in 2025: Capital expenditures stepped up (e.g., $18.7M in 2025 Q4; $12.3M in 2025 Q3), signaling ongoing investment in facilities or equipment.
  • Significant investing activity weighing on cash flow: Net cash used in investing activities was substantial in 2025 (Q4: −$72.8M; Q3: −$101.0M; Q2: −$63.7M; Q1: −$3.97M), limiting near‑term free cash flow.
  • Notable quarterly earnings variability warranting scrutiny: A large quarterly net income spike in 2025 Q3 (net income ≈ $91.1M) followed by lower 2025 Q4 profitability (~$45.0M) points to earnings quality volatility and potential one‑time effects.
05/06/26 05:14 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Astera Labs' Financials

When does Astera Labs' financial year end?

According to the most recent income statement we have on file, Astera Labs' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Astera Labs' net income changed over the last 3 years?

Astera Labs' net income appears to be on an upward trend, with a most recent value of $219.13 million in 2025, falling from -$58.35 million in 2022. The previous period was -$83.42 million in 2024. See where experts think Astera Labs is headed by visiting Astera Labs' forecast page.

What is Astera Labs' operating income?
Astera Labs' total operating income in 2025 was $173.42 million, based on the following breakdown:
  • Total Gross Profit: $645.26 million
  • Total Operating Expenses: $471.84 million
How has Astera Labs' revenue changed over the last 3 years?

Over the last 3 years, Astera Labs' total revenue changed from $79.87 million in 2022 to $852.53 million in 2025, a change of 967.4%.

How much debt does Astera Labs have?

Astera Labs' total liabilities were at $168.19 million at the end of 2025, a 87.5% increase from 2024, and a 332.7% increase since 2023.

How much cash does Astera Labs have?

In the past 2 years, Astera Labs' cash and equivalents has ranged from $45.10 million in 2023 to $167.61 million in 2025, and is currently $167.61 million as of their latest financial filing in 2025.

How has Astera Labs' book value per share changed over the last 3 years?

Over the last 3 years, Astera Labs' book value per share changed from 0.00 in 2022 to 8.07 in 2025, a change of 807.3%.



Financial statements for NASDAQ:ALAB last updated on 2/21/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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