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.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
Revenue	853M YoY+115.1%	396M YoY+242.2%	116M YoY+45.0%	79.9M
	645M YoY+113.2%	303M YoY+279.2%	79.8M YoY+36.0%	58.7M
Cost of revenue	207M YoY+121.5%	93.6M YoY+160.2%	36.0M YoY+69.7%	21.2M
	472M YoY+12.7%	419M YoY+283.0%	109M YoY-8.0%	119M
Research & development	304M YoY+51.4%	201M YoY+173.6%	73.4M YoY-0.4%	73.7M
Selling, general & administrative	88.1M YoY-6.6%	94.3M YoY+492.0%	15.9M YoY-23.3%	20.8M
General & administrative	88.1M YoY-6.6%	94.3M YoY+492.0%	15.9M YoY-23.3%	20.8M
Selling & marketing	79.8M YoY-35.5%	124M YoY+518.5%	20.0M YoY-18.1%	24.4M
Operating income	173M YoY+249.4%	-116M YoY-293.5%	-29.5M YoY+51.0%	-60.2M
Interest & investment income	44.7M YoY+30.5%	34.3M YoY+423.6%	6.55M YoY+150.6%	2.61M
Pre-tax income	218M YoY+366.8%	-81.8M YoY-256.4%	-22.9M YoY+60.1%	-57.6M
Income tax	-981K YoY-159.7%	1.64M YoY-50.3%	3.31M YoY+333.1%	764K
Net income	219M YoY+362.7%	-83.4M YoY-217.7%	-26.3M YoY+55.0%	-58.3M
	$1.22 YoY+290.6%	-$0.64 YoY+9.9%	-$0.71 YoY+58.5%	-$1.71
EPS (basic)	$1.32 YoY+306.3%	-$0.64 YoY+9.9%	-$0.71 YoY+58.5%	-$1.71
Weighted-avg shares (basic)	166M YoY+26.8%	131M YoY+253.5%	37.1M YoY+8.7%	34.2M
Weighted-avg shares (diluted)	180M YoY+36.8%	131M YoY+253.5%	37.1M YoY+8.7%	34.2M
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
	1.36B YoY+34.5%	1.01B YoY+445.2%	186M	—
Cash & equivalents	168M YoY+110.7%	79.6M YoY+76.4%	45.1M YoY-40.7%	76.1M
Accounts receivable	83.2M YoY+114.4%	38.8M YoY+365.6%	8.34M	—
Inventory	59.0M YoY+36.5%	43.2M YoY+79.4%	24.1M	—
Prepaid expenses	31.0M YoY+86.4%	16.7M YoY+309.7%	4.06M	—
Other current assets	835K YoY+0.0%	835K YoY+21.7%	686K	—
	1.53B YoY+45.3%	1.05B YoY+437.2%	196M	—
Property, plant & equipment	92.0M YoY+158.2%	35.7M YoY+656.6%	4.71M	—
Operating lease right-of-use	22.8M YoY+664.7%	2.98M YoY+4.0%	2.87M	—
Goodwill	19.0M	—	—	—
Other non-current assets	58.7M YoY+899.3%	5.88M YoY+1.8%	5.77M	—
	133M YoY+53.7%	86.5M YoY+146.7%	35.1M	—
Accounts payable	42.4M YoY+57.4%	26.9M YoY+324.8%	6.34M	—
Accrued liabilities	90.7M YoY+52.1%	59.6M YoY+107.4%	28.7M	—
Deferred revenue	0.00 YoY-100.0%	15.0M	0.00	—
Current lease liability	4.15M YoY+222.4%	1.29M YoY-40.4%	2.16M	—
	168M YoY+87.5%	89.7M YoY+130.8%	38.9M	—
Non-current lease liability	26.8M YoY+1400.4%	1.79M YoY+129.8%	778K	—
Other non-current liabilities	35.1M YoY+1009.8%	3.17M YoY-16.4%	3.79M	—
	1.36B YoY+41.3%	965M YoY+1087.5%	-97.7M YoY-14.5%	-85.3M
Common stock	17.0K YoY+6.3%	16.0K YoY+300.0%	4.00K	—
Additional paid-in capital	1.35B YoY+15.0%	1.17B YoY+4179.9%	27.4M	—
Retained earnings	10.3M YoY+105.0%	-209M YoY-66.5%	-125M	—
Accumulated other comprehensive income	4.31M YoY+911.7%	426K YoY+64.5%	259K	—
Total liabilities & equity	1.53B YoY+45.3%	1.05B YoY+437.2%	196M	—
Common shares issued	170M YoY+5.0%	162M YoY+285.3%	42.0M	—
Common shares outstanding	170M YoY+5.0%	162M YoY+285.3%	42.0M	—
Shares outstanding (cover)	169M YoY+6.5%	159M	—	—
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
	319M YoY+133.6%	137M YoY+1174.8%	-12.7M YoY+64.6%	-35.9M
Depreciation & amortization	6.83M YoY+116.5%	3.15M YoY+77.1%	1.78M YoY+120.7%	807K
Share-based compensation	160M YoY-31.8%	235M YoY+2096.7%	10.7M YoY-64.7%	30.2M
Deferred income taxes	19.0K	0.00	0.00	0.00
Change in receivables	44.3M YoY+45.5%	30.5M YoY+1377.5%	-2.39M YoY-139.5%	6.04M
Change in inventory	12.9M YoY-32.9%	19.3M YoY+246.6%	5.56M YoY-71.3%	19.4M
Change in payables	14.2M YoY-32.0%	20.9M YoY+589.8%	-4.26M YoY-300.6%	2.13M
	-241M YoY+68.1%	-758M YoY-4162.7%	-17.8M YoY+80.4%	-90.6M
Capital expenditure	37.5M YoY+9.6%	34.2M YoY+1140.3%	2.76M YoY-28.7%	3.87M
Acquisitions	28.8M	0.00	0.00	—
Other investing activities	500K YoY-64.6%	1.41M	0.00	0.00
	9.80M YoY-98.5%	656M YoY+130745.0%	-502K YoY-100.3%	152M
Common stock repurchased	0.00 YoY-100.0%	1.07M YoY+407.6%	210K YoY-32.9%	313K
Net change in cash	87.6M YoY+150.8%	34.9M YoY+212.8%	-31.0M YoY-223.1%	25.2M
Income taxes paid	1.64M YoY-79.0%	7.79M YoY+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	28.1B YoY+33.8%	21.0B	—	—
P/E	128.2×	—	—	—
P/S	33.0× YoY-37.8%	53.0×	—	—
P/B	20.6× YoY-5.4%	21.8×	—	—
P/FCF	99.7× YoY-51.4%	205.1×	—	—
Earnings yield	0.8%	—	—	—
FCF yield	1.0% YoY+105.7%	0.5%	—	—
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.

ALAB▼ financial statements

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financial statements