ALAB financial statements
The full income statement, balance sheet, and cash-flow statement for Astera Labs Inc. (ALAB), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Revenue | 853M+115.1% | 396M+242.2% | 116M+45.0% | 79.9M | |
| 645M+113.2% | 303M+279.2% | 79.8M+36.0% | 58.7M | ||
| Cost of revenue | 207M+121.5% | 93.6M+160.2% | 36.0M+69.7% | 21.2M | |
| 472M+12.7% | 419M+283.0% | 109M-8.0% | 119M | ||
| Research & development | 304M+51.4% | 201M+173.6% | 73.4M-0.4% | 73.7M | |
| Selling, general & administrative | 88.1M-6.6% | 94.3M+492.0% | 15.9M-23.3% | 20.8M | |
| General & administrative | 88.1M-6.6% | 94.3M+492.0% | 15.9M-23.3% | 20.8M | |
| Selling & marketing | 79.8M-35.5% | 124M+518.5% | 20.0M-18.1% | 24.4M | |
| Operating income | 173M+249.4% | -116M-293.5% | -29.5M+51.0% | -60.2M | |
| Interest & investment income | 44.7M+30.5% | 34.3M+423.6% | 6.55M+150.6% | 2.61M | |
| Gain (loss) on equity securities | 3.90M+1850.0% | 200K-60.0% | 500K+350.0% | -200K | |
| Pre-tax income | 218M+366.8% | -81.8M-256.4% | -22.9M+60.1% | -57.6M | |
| Income tax | -981K-159.7% | 1.64M-50.3% | 3.31M+333.1% | 764K | |
| Net income | 219M+362.7% | -83.4M-217.7% | -26.3M+55.0% | -58.3M | |
| $1.22+290.6% | -$0.64+9.9% | -$0.71+58.5% | -$1.71 | ||
| EPS (basic) | $1.32+306.3% | -$0.64+9.9% | -$0.71+58.5% | -$1.71 | |
| Weighted-avg shares (basic) | 166M+26.8% | 131M+253.5% | 37.1M+8.7% | 34.2M | |
| Weighted-avg shares (diluted) | 180M+36.8% | 131M+253.5% | 37.1M+8.7% | 34.2M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 1.36B+34.5% | 1.01B+445.2% | 186M | — | ||
| Cash & equivalents | 168M+110.7% | 79.6M+76.4% | 45.1M-40.7% | 76.1M | |
| Accounts receivable | 83.2M+114.4% | 38.8M+365.6% | 8.34M | — | |
| Inventory | 59.0M+36.5% | 43.2M+79.4% | 24.1M | — | |
| Prepaid expenses | 31.0M+86.4% | 16.7M+309.7% | 4.06M | — | |
| Other current assets | 23.6M | — | 686K | — | |
| 1.53B+45.3% | 1.05B+437.2% | 196M | — | ||
| Property, plant & equipment | 92.0M+158.2% | 35.7M+656.6% | 4.71M | — | |
| Operating lease right-of-use | 22.8M+664.7% | 2.98M+4.0% | 2.87M | — | |
| Goodwill | 19.0M | — | — | — | |
| Other non-current assets | 58.7M+899.3% | 5.88M+1.8% | 5.77M | — | |
| 133M+53.7% | 86.5M+146.7% | 35.1M | — | ||
| Accounts payable | 42.4M+57.4% | 26.9M+324.8% | 6.34M | — | |
| Accrued liabilities | 90.7M+52.1% | 59.6M+107.4% | 28.7M | — | |
| Deferred revenue | 0.00-100.0% | 15.0M | 0.00 | — | |
| Current lease liability | 4.15M+222.4% | 1.29M-40.4% | 2.16M | — | |
| 168M+87.5% | 89.7M+130.8% | 38.9M | — | ||
| Non-current lease liability | 26.8M+1400.4% | 1.79M+129.8% | 778K | — | |
| Operating lease liability (total) | 31.0M+907.6% | 3.07M+4.8% | 2.93M | — | |
| Other non-current liabilities | 35.1M+1009.8% | 3.17M-16.4% | 3.79M | — | |
| 1.36B+41.3% | 965M+1087.5% | -97.7M-14.5% | -85.3M | ||
| Common stock | 17.0K+6.3% | 16.0K+300.0% | 4.00K | — | |
| Additional paid-in capital | 1.35B+15.0% | 1.17B+4179.9% | 27.4M | — | |
| Retained earnings | 10.3M+105.0% | -209M-66.5% | -125M | — | |
| Accumulated other comprehensive income | 4.31M+911.7% | 426K+64.5% | 259K | — | |
| Total liabilities & equity | 1.53B+45.3% | 1.05B+437.2% | 196M | — | |
| Common shares issued | 170M+5.0% | 162M+285.3% | 42.0M | — | |
| Common shares outstanding | 170M+5.0% | 162M+285.3% | 42.0M | — | |
| Shares outstanding (cover) | 170M+5.0% | 162M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 319M+133.6% | 137M+1174.8% | -12.7M+64.6% | -35.9M | ||
| Depreciation & amortization | 6.83M+116.5% | 3.15M+77.1% | 1.78M+120.7% | 807K | |
| Share-based compensation | 160M-31.8% | 235M+2096.7% | 10.7M-64.7% | 30.2M | |
| Deferred income taxes | 19.0K | 0.00 | 0.00 | 0.00 | |
| Change in receivables | 44.3M+45.5% | 30.5M+1377.5% | -2.39M-139.5% | 6.04M | |
| Change in inventory | 12.9M-32.9% | 19.3M+246.6% | 5.56M-71.3% | 19.4M | |
| Change in payables | 14.2M-32.0% | 20.9M+589.8% | -4.26M-300.6% | 2.13M | |
| -241M+68.1% | -758M-4162.7% | -17.8M+80.4% | -90.6M | ||
| Capital expenditure | 37.5M+9.6% | 34.2M+1140.3% | 2.76M-28.7% | 3.87M | |
| Free cash flow | 282M+175.1% | 102M+761.8% | -15.5M+61.1% | -39.8M | |
| Acquisitions | 28.8M | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 500K-64.6% | 1.41M | 0.00 | 0.00 | |
| 9.80M-98.5% | 656M+130745.0% | -502K-100.3% | 152M | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00-100.0% | 1.07M+407.6% | 210K-32.9% | 313K | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 87.6M+150.8% | 34.9M+212.8% | -31.0M-223.1% | 25.2M | |
| Income taxes paid | 1.64M-79.0% | 7.79M+214.6% | 2.48M | 0.00 | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Market cap | 28.3B+31.8% | 21.5B | — | — | |
| P/E | 129.2× | — | — | — | |
| P/S | 33.2×-38.7% | 54.2× | — | — | |
| P/B | 20.8×-6.7% | 22.3× | — | — | |
| P/FCF | 100.5×-52.1% | 209.7× | — | — | |
| Earnings yield | 0.77% | — | — | — | |
| FCF yield | 1.00%+108.6% | 0.48% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K |
About this data
Source: ALAB’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ALAB filings on SEC EDGAR → Not investment advice.