Astera Labs, Inc. ALAB
Our mission is to innovate, design, and deliver semiconductor-based connectivity solutions that are purpose-built to unleash the full potential of cloud and AI infrastructure.
Building on years of experience with a singular focus on addressing connectivity challenges in data-centric systems, we have developed and deployed our leading Intelligent Connectivity Platform built from the ground up for cloud and AI infrastructure. Our Intelligent Connectivity Platform comprises of semiconductor-based, high-speed, mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors, and COSMOS, our software suite, which is embedded in our connectivity products and integrated into our customers' systems.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $852.5M | $396.3M | $115.8M | $79.9M | — |
| Cost of revenue | $207.3M | $93.6M | $36.0M | $21.2M | — |
| Gross profit | $645.3M | $302.7M | $79.8M | $58.7M | — |
| R&D | $304.0M | $200.8M | $73.4M | $73.7M | — |
| SG&A | $88.1M | $94.3M | $15.9M | $20.8M | — |
| Total operating expenses | $471.8M | $418.8M | $109.3M | $118.9M | — |
| Operating income | $173.4M | -$116.1M | -$29.5M | -$60.2M | — |
| Pre-tax income | $218.2M | -$81.8M | -$22.9M | -$57.6M | — |
| Income tax | $981.0K | $1.6M | $3.3M | $764.0K | — |
| Net income | $219.1M | -$83.4M | -$26.3M | -$58.3M | — |
| EPS, basic | 1.32 | -0.64 | -0.71 | -1.71 | — |
| EPS, diluted | 1.22 | -0.64 | -0.71 | -1.71 | — |
| Shares, diluted (wtd. avg.) | $179.6M | $131.3M | $37.1M | $34.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $167.6M | $79.6M | $45.1M | $76.1M | $50.9M |
| Short-term investments | $1.02B | $834.8M | $104.2M | — | — |
| Receivables | $83.2M | $38.8M | $8.3M | — | — |
| Inventory | $59.0M | $43.2M | $24.1M | — | — |
| Total current assets | $1.36B | $1.01B | $185.8M | — | — |
| Property, plant and equipment | $92.0M | $35.7M | $4.7M | — | — |
| Total assets | $1.53B | $1.05B | $196.3M | — | — |
| Accounts payable | $42.4M | $26.9M | $6.3M | — | — |
| Total current liabilities | $133.0M | $86.5M | $35.1M | — | — |
| Total liabilities | $168.2M | $89.7M | $38.9M | — | — |
| Retained earnings | $10.3M | -$208.8M | -$125.4M | — | — |
| Total equity | $1.36B | $964.8M | -$97.7M | -$85.3M | -$39.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $319.3M | $136.7M | -$12.7M | -$35.9M | — |
| Depreciation and amortisation | — | $3.2M | $1.8M | $807.0K | — |
| Stock-based compensation | $160.0M | $234.6M | $10.7M | $30.2M | — |
| Capital expenditure | $37.5M | $34.2M | $2.8M | $3.9M | — |
| Investing cash flow | -$241.5M | -$757.6M | -$17.8M | -$90.6M | — |
| Financing cash flow | $9.8M | $655.8M | -$502.0K | $151.7M | — |
| Buybacks | $0 | $1.1M | $210.0K | $313.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-016359.
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