Astera Labs, Inc. (ALAB)

Nasdaq Information Technology Semiconductors Nasdaq-100

$190.71

+11.24 (+6.26%)

Close of Nov 06, 2026 · end-of-day data

Source: Astera Labs, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2022	FY2023	FY2024	FY2025
Revenue	$79.87M	$115.79M	$396.29M	$852.52M
Cost of revenue	$21.19M	$35.97M	$93.59M	$207.26M
Gross profit	$58.68M	$79.83M	$302.70M	$645.26M
Research & development	$73.71M	$73.41M	$200.83M	$304.00M
Operating income	-$60.19M	-$29.50M	-$116.07M	$173.42M
Pre-tax income	-$57.58M	-$22.95M	-$81.78M	$218.15M
Income tax	$764.00K	$3.31M	$1.64M	-$981.00K
Net income	-$58.34M	-$26.26M	-$83.42M	$219.13M
EBITDA	-$59.39M	-$27.72M	-$112.91M	$180.25M
EPS (basic)	$-1.71	$-0.71	$-0.64	$1.32
EPS (diluted)	$-1.71	$-0.71	$-0.64	$1.22
Diluted shares	34.17M	37.13M	131.26M	179.55M
Gross margin	73.5%	68.9%	76.4%	75.7%
Operating margin	-75.4%	-25.5%	-29.3%	20.3%
Net margin	-73.0%	-22.7%	-21.1%	25.7%

Balance sheet

fiscal years · USD

Fiscal year	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$76.09M	$45.10M	$79.55M	$167.61M
Short-term investments	—	$104.22M	$834.75M	$1.02B
Receivables	—	$8.34M	$38.81M	$83.20M
Inventory	—	$24.09M	$43.22M	$58.98M
Total current assets	—	$185.81M	$1.01B	$1.36B
Goodwill	—	—	—	$19.02M
Total assets	—	$196.29M	$1.05B	$1.53B
Total current liabilities	—	$35.08M	$86.54M	$133.04M
Total liabilities	—	$38.87M	$89.71M	$168.19M
Shareholders' equity	-$85.29M	-$97.70M	$964.80M	$1.36B

Cash flow

fiscal years · USD

Fiscal year	FY2022	FY2023	FY2024	FY2025
Operating cash flow	-$35.90M	-$12.72M	$136.68M	$319.31M
Capital expenditures	$3.87M	$2.76M	$34.24M	$37.54M
Free cash flow	-$39.77M	-$15.48M	$102.43M	$281.76M
Investing cash flow	-$90.59M	-$17.77M	-$757.57M	-$241.47M
Financing cash flow	$151.67M	-$502.00K	$655.84M	$9.80M
Share buybacks	$313.00K	$210.00K	$1.07M	$0
Stock-based compensation	$30.23M	$10.68M	$234.59M	$160.03M
Depreciation & amortization	$807.00K	$1.78M	$3.15M	$6.83M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$50.51M	$65.26M	$76.85M	$113.09M	$141.10M	$159.44M	$191.93M	$230.57M	$270.58M	$308.36M	$392.40M	$584.90M
Cost of revenue	$11.49M	$14.74M	$17.00M	$25.21M	$36.65M	$40.03M	$46.36M	$54.76M	$66.11M	$73.22M	$104.83M	$162.15M
Gross profit	$39.02M	$50.52M	$59.85M	$87.88M	$104.45M	$119.41M	$145.56M	$175.81M	$204.47M	$235.14M	$287.57M	$422.75M
Research & development	$19.65M	$53.56M	$40.09M	$50.66M	$56.52M	$64.55M	$66.72M	$78.93M	$93.79M	$125.63M	$135.90M	$170.96M
Operating income	$9.02M	-$82.97M	-$24.35M	-$8.90M	$144.00K	$11.29M	$39.77M	$55.41M	$66.96M	$61.83M	$89.25M	$179.06M
Pre-tax income	$10.69M	-$80.41M	-$14.08M	$2.02M	$10.70M	$21.72M	$50.66M	$66.86M	$78.92M	$73.41M	$102.83M	$192.03M
Income tax	-$3.63M	$12.58M	-$6.54M	$9.61M	-$14.01M	-$10.10M	-$560.00K	-$24.25M	$33.93M	-$6.90M	-$50.26M	$9.08M
Net income	$14.32M	-$93.00M	-$7.55M	-$7.59M	$24.71M	$31.82M	$51.22M	$91.11M	$44.98M	$80.31M	$153.09M	$182.94M
EBITDA	$9.56M	-$82.35M	-$23.65M	-$8.10M	$1.12M	$12.38M	$41.17M	$56.91M	$69.80M	$65.53M	$93.15M	$184.16M
EPS (basic)	$0.40	$-1.77	$-0.05	$-0.05	$0.25	$0.19	$0.31	$0.54	$0.27	$0.47	$0.89	$1.05
EPS (diluted)	$0.40	$-1.77	$-0.05	$-0.05	$0.25	$0.18	$0.29	$0.50	$0.25	$0.44	$0.83	$0.99
Diluted shares	504.00K	52.53M	155.20M	156.83M	9.61M	178.12M	178.10M	180.63M	590.00K	181.16M	183.34M	184.08M
Gross margin	77.3%	77.4%	77.9%	77.7%	74.0%	74.9%	75.8%	76.2%	75.6%	76.3%	73.3%	72.3%
Operating margin	17.9%	-127.1%	-31.7%	-7.9%	0.1%	7.1%	20.7%	24.0%	24.7%	20.1%	22.7%	30.6%
Net margin	28.4%	-142.5%	-9.8%	-6.7%	17.5%	20.0%	26.7%	39.5%	16.6%	26.0%	39.0%	31.3%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$45.10M	$696.08M	$421.08M	$126.12M	$79.55M	$86.43M	$162.33M	$140.41M	$167.61M	$148.28M	$111.45M	$209.40M
Short-term investments	$104.22M	$105.31M	$409.92M	$760.68M	$834.75M	$838.29M	$902.76M	$994.02M	$1.02B	$1.04B	$1.14B	$1.17B
Receivables	$8.34M	$16.76M	$22.23M	$25.39M	$38.81M	$69.78M	$24.32M	$42.90M	$83.20M	$134.80M	$192.47M	$284.25M
Inventory	$24.09M	$29.57M	$28.57M	$24.41M	$43.22M	$51.06M	$58.60M	$51.66M	$58.98M	$60.16M	$113.78M	$200.89M
Total current assets	$185.81M	$854.44M	$891.25M	$945.59M	$1.01B	$1.08B	$1.18B	$1.29B	$1.36B	$1.41B	$1.65B	$1.96B
Goodwill	—	—	—	—	—	—	—	—	$19.02M	$87.72M	$91.56M	$91.56M
Total assets	$196.29M	$864.90M	$915.51M	$983.07M	$1.05B	$1.12B	$1.27B	$1.40B	$1.53B	$1.66B	$1.93B	$2.30B
Total current liabilities	$35.08M	$45.59M	$64.07M	$88.04M	$86.54M	$77.28M	$106.38M	$100.96M	$133.04M	$125.04M	$164.31M	$243.58M
Total liabilities	$38.87M	$56.12M	$70.26M	$93.45M	$89.71M	$80.13M	$135.69M	$129.45M	$168.19M	$165.27M	$205.80M	$300.87M
Shareholders' equity	-$97.70M	$808.78M	$845.25M	$889.61M	$964.80M	$1.04B	$1.14B	$1.27B	$1.36B	$1.49B	$1.73B	$2.00B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$14.40M	$3.65M	$29.81M	$63.51M	$39.70M	$10.50M	$135.37M	$78.17M	$95.27M	$74.60M	$87.68M	$179.20M
Capital expenditures	$1.01M	$3.42M	-$1.32M	$16.70M	$15.45M	$4.54M	$2.02M	$12.29M	$18.69M	$7.59M	$20.47M	$45.31M
Free cash flow	$13.39M	$228.00K	$28.49M	$46.81M	$24.25M	$5.96M	$133.34M	$65.88M	$76.58M	$67.01M	$67.21M	$133.89M
Investing cash flow	-$5.96M	-$4.25M	-$302.47M	-$359.42M	-$91.43M	-$3.94M	-$63.69M	-$101.05M	-$72.79M	-$94.01M	-$131.56M	-$81.22M
Financing cash flow	-$1.06M	$651.58M	-$2.34M	$952.00K	$5.65M	$386.00K	$4.74M	$952.00K	$3.73M	$82.00K	$7.05M	-$34.00K
Stock-based compensation	$3.30M	$97.77M	$43.07M	$45.53M	$48.22M	$42.45M	$35.47M	$40.74M	$41.37M	$48.91M	$63.99M	$82.59M
Depreciation & amortization	$540.00K	$614.00K	$700.00K	$800.00K	$974.00K	$1.10M	$1.40M	$1.50M	$2.85M	$3.70M	$3.90M	$5.10M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.