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Astera Labs, Inc. Common Stock (ALAB) 10-Year Financial Performance & Capital Metrics

ALAB •
TechnologySemiconductorsAnalog, Mixed-Signal and RF Chips
AboutAstera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale. The company was incorporated in 2017 and is based in Santa Clara, California.Show more
  • Revenue $853M +115.1%
  • EBITDA $180M +259.6%
  • Net Income $219M +362.7%
  • EPS (Diluted) 1.22 +290.6%
  • Gross Margin 75.69% -0.9%
  • EBITDA Margin 21.14% +174.2%
  • Operating Margin 20.34% +169.5%
  • Net Margin 25.7% +222.1%
  • ROE 18.82% +226.6%
  • ROIC 12.49% +171.9%
  • Debt/Equity -
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FCF machine: 33.1% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

  • ✗Shares diluted 36.8% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 15.6x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y120.18%
TTM115.13%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM362.68%

EPS CAGR

10Y-
5Y-
3Y-
TTM319.03%

ROCE

10Y Avg-14.67%
5Y Avg-14.67%
3Y Avg-7.88%
Latest14.66%

Peer Comparison

Analog, Mixed-Signal and RF Chips
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
QRVOQorvo, Inc.7.68B82.90142.93-1.34%9.11%9.21%6.31%0.46
ALABAstera Labs, Inc. Common Stock20.23B118.8397.40115.13%25.7%16.07%1.39%
ADIAnalog Devices, Inc.173.7B355.7978.0216.89%23.02%8.01%2.46%0.26
AVGOBroadcom Inc.1.52T319.5566.9923.87%36.2%28.45%1.78%0.80
TXNTexas Instruments Incorporated192.5B212.1138.9213.05%28.28%30.73%1.35%0.86
NXPINXP Semiconductors N.V.57.13B227.0128.55-2.74%16.47%19.34%4.24%1.17
QCOMQUALCOMM Incorporated152.89B142.3628.4213.66%11.96%23.25%8.38%0.77
CRUSCirrus Logic, Inc.7.38B141.1223.525.99%20.47%18.74%5.63%0.07

Compare ALAB vs Peers

Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.

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Compare Top 5

vs AVGO, TXN, ADI, QCOM

Profit & Loss

Dec 2022Dec 2023Dec 2024Dec 2025
Sales/Revenue+79.87M115.79M396.29M852.52M
Revenue Growth %-44.97%242.24%115.13%
Cost of Goods Sold+21.19M35.97M93.59M207.26M
COGS % of Revenue26.53%31.06%23.62%24.31%
Gross Profit+58.68M79.83M302.7M645.26M
Gross Margin %73.47%68.94%76.38%75.69%
Gross Profit Growth %-36.04%279.19%113.17%
Operating Expenses+118.88M109.32M418.76M471.84M
OpEx % of Revenue148.83%94.41%105.67%55.35%
Selling, General & Admin45.16M35.92M217.94M167.84M
SG&A % of Revenue56.55%31.02%54.99%19.69%
Research & Development73.71M73.41M200.83M304M
R&D % of Revenue92.29%63.39%50.68%35.66%
Other Operating Expenses0000
Operating Income+-60.19M-29.5M-116.07M173.42M
Operating Margin %-75.36%-25.47%-29.29%20.34%
Operating Income Growth %-51%-293.48%249.42%
EBITDA+-59.39M-27.72M-112.91M180.25M
EBITDA Margin %-74.35%-23.94%-28.49%21.14%
EBITDA Growth %-53.33%-307.39%259.64%
D&A (Non-Cash Add-back)807K1.78M3.15M6.83M
EBIT-60.19M-29.5M-116.07M218.15M
Net Interest Income+2.61M6.55M34.29M44.73M
Interest Income2.61M6.55M34.29M44.73M
Interest Expense0000
Other Income/Expense2.61M6.55M34.29M44.73M
Pretax Income+-57.58M-22.95M-81.78M218.15M
Pretax Margin %-72.09%-19.82%-20.64%25.59%
Income Tax+764K3.31M1.64M-981K
Effective Tax Rate %101.33%114.42%102.01%100.45%
Net Income+-58.34M-26.26M-83.42M219.13M
Net Margin %-73.05%-22.68%-21.05%25.7%
Net Income Growth %-55%-217.71%362.68%
Net Income (Continuing)-58.34M-26.26M-83.42M219.13M
Discontinued Operations0000
Minority Interest0000
EPS (Diluted)+-0.45-0.17-0.641.22
EPS Growth %-62.22%-276.47%290.63%
EPS (Basic)-0.45-0.17-0.641.32
Diluted Shares Outstanding130.45M152.5M131.26M179.55M
Basic Shares Outstanding130.45M152.5M131.26M166.41M
Dividend Payout Ratio----

Balance Sheet

Dec 2022Dec 2023Dec 2024Dec 2025
Total Current Assets+206M185.81M1.01B1.36B
Cash & Short-Term Investments163.14M149.31M914.3M1.19B
Cash Only76.09M45.1M79.55M167.61M
Short-Term Investments87.06M104.22M834.75M1.02B
Accounts Receivable10.72M8.34M38.81M83.2M
Days Sales Outstanding48.9926.2735.7535.62
Inventory28.87M24.09M43.22M58.98M
Days Inventory Outstanding497.33244.52168.54103.86
Other Current Assets509K686K16.65M31.03M
Total Non-Current Assets+5.73M10.48M41.53M169.79M
Property, Plant & Equipment3.52M7.58M35.65M92.04M
Fixed Asset Turnover22.67x15.27x11.12x9.26x
Goodwill0000
Intangible Assets0000
Long-Term Investments0000
Other Non-Current Assets2.2M2.9M5.88M77.75M
Total Assets+211.73M196.29M1.05B1.53B
Asset Turnover0.38x0.59x0.38x0.56x
Asset Growth %--7.29%437.21%45.26%
Total Current Liabilities+40.09M35.08M86.54M133.04M
Accounts Payable10.29M6.34M26.92M42.36M
Days Payables Outstanding177.3264.31104.9874.6
Short-Term Debt0000
Deferred Revenue (Current)0015M0
Other Current Liabilities9.71M11.66M37.92M90.68M
Current Ratio5.14x5.30x11.71x10.24x
Quick Ratio4.42x4.61x11.21x9.79x
Cash Conversion Cycle369206.4899.364.89
Total Non-Current Liabilities+256.93M3.79M3.17M35.15M
Long-Term Debt0000
Capital Lease Obligations0778K00
Deferred Tax Liabilities0000
Other Non-Current Liabilities256.93M3.01M3.17M35.15M
Total Liabilities297.02M38.87M89.71M168.19M
Total Debt+1.6M2.93M1.29M0
Net Debt-74.49M-42.16M-78.27M-167.61M
Debt / Equity-0.02x0.00x-
Debt / EBITDA----
Net Debt / EBITDA----0.93x
Interest Coverage----
Total Equity+-85.29M157.43M964.8M1.36B
Equity Growth %-284.57%512.86%41.34%
Book Value per Share-0.651.037.357.59
Total Shareholders' Equity-85.29M157.43M964.8M1.36B
Common Stock4K4K16K17K
Retained Earnings-99.12M-125.38M-208.8M10.34M
Treasury Stock0000
Accumulated OCI-229K259K426K4.31M
Minority Interest0000

Cash Flow

Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operations+-35.9M-12.72M136.68M319.31M
Operating CF Margin %-44.94%-10.98%34.49%37.45%
Operating CF Growth %-64.58%1174.83%133.62%
Net Income-58.34M-26.26M-83.42M219.13M
Depreciation & Amortization807K1.78M3.15M6.83M
Stock-Based Compensation30.23M10.68M234.59M160.03M
Deferred Taxes0000
Other Non-Cash Items1.38M10.76M-4.35M-726K
Working Capital Changes-9.97M-9.68M-13.29M-65.96M
Change in Receivables-6.04M2.39M-30.48M-44.34M
Change in Inventory-19.36M-5.56M-19.29M-12.95M
Change in Payables2.13M-4.26M20.89M14.19M
Cash from Investing+-90.59M-17.77M-757.57M-241.47M
Capital Expenditures-3.87M-2.76M-34.24M-37.54M
CapEx % of Revenue4.85%2.38%8.64%4.4%
Acquisitions000-28.79M
Investments----
Other Investing00-1.41M-500K
Cash from Financing+151.67M-502K655.84M9.8M
Debt Issued (Net)0000
Equity Issued (Net)1000K-210K1000K1000K
Dividends Paid0000
Share Repurchases-313K-210K-1.07M0
Other Financing2.12M-292K-15.29M0
Net Change in Cash25.18M-30.99M34.95M87.64M
Free Cash Flow+-39.77M-15.48M102.43M281.76M
FCF Margin %-49.79%-13.37%25.85%33.05%
FCF Growth %-61.08%761.83%175.07%
FCF per Share-0.30-0.100.781.57
FCF Conversion (FCF/Net Income)0.62x0.48x-1.64x1.46x
Interest Paid0000
Taxes Paid02.48M7.79M0

Key Ratios

Metric2022202320242025
Return on Equity (ROE)--72.8%-14.87%18.82%
Return on Invested Capital (ROIC)--19.19%-17.38%12.49%
Gross Margin73.47%68.94%76.38%75.69%
Net Margin-73.05%-22.68%-21.05%25.7%
Debt / Equity-0.02x0.00x-
FCF Conversion0.62x0.48x-1.64x1.46x
Revenue Growth-44.97%242.24%115.13%

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