A Business at a Glance
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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. Our Intelligent Connectivity Platform provides our customers with the ability to deploy and operate high-performance cloud and AI infrastructure at scale, addressing an increasingly diverse set of requirements.
| Metric | TTM | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue | 853M | 853M | 396M | 116M |
| Net Income | 219M | 219M | -83M | -26M |
| EPS | $1.22 | $1.22 | $-0.64 | $-0.71 |
| Free Cash Flow | 282M | 282M | 102M | -15M |
| ROIC | 14.6% | 153.9% | -8.6% | -15.0% |
| Gross Margin | 75.7% | 75.7% | 76.4% | 68.9% |
| Debt/Equity | 0.00 | 0.12 | 0.09 | -0.40 |
| Dividends/Share | $0.00 | - | - | - |
| Operating Income | 173M | 173M | -116M | -29M |
| Operating Margin | 20.3% | 20.3% | -29.3% | -25.5% |
| ROE | 16.1% | 18.8% | -8.6% | - |
| Shares Outstanding | 180M | 180M | 130M | 162M |
| Metric | 2023 | |||
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 116M | 396M | 853M | 853M |
| Gross Margin | 68.9% | 76.4% | 75.7% | 75.7% |
| R&D | 73M | 201M | 304M | 304M |
| SG&A | 16M | 94M | 88M | 88M |
| EBIT | -29M | -116M | 173M | 173M |
| Op. Margin | -25.5% | -29.3% | 20.3% | 20.3% |
| Net Income | -26M | -83M | 219M | 219M |
| Net Margin | -22.7% | -21.1% | 25.7% | 25.7% |
| Non-Recurring | 0 | 168K | 0 | 0 |
| Returns on Capital | ||||
| ROIC | -15.0% | -8.6% | 153.9% | 14.6% |
| ROE | N/A | -8.6% | 18.8% | 16.1% |
| ROA | -13.4% | -7.9% | 16.9% | 14.3% |
| Cash Flow | ||||
| Op. Cash Flow | -13M | 137M | 319M | 319M |
| Free Cash Flow | -15M | 102M | 282M | 282M |
| Owner Earnings | -25M | -101M | 152M | 152M |
| CapEx | 2.8M | 34M | 38M | 38M |
| Maint. CapEx | 1.8M | 3.2M | 6.8M | 6.8M |
| Growth CapEx | 980K | 31M | 31M | 31M |
| D&A | 1.8M | 3.2M | 6.8M | 6.8M |
| CapEx/OCF | N/A | 25.1% | 11.8% | 11.8% |
| Capital Allocation | ||||
| Dividends Paid | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A |
| Share Buybacks | 210K | 1.1M | 0 | 0 |
| Buyback Yield | N/A | 0.0% | N/A | 0.0% |
| Stock-Based Comp | 11M | 235M | 160M | 160M |
| Debt Repayment | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||
| Net Debt | N/A | N/A | N/A | -168M |
| Cash & Equiv. | 45M | 80M | 168M | 168M |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Debt/Equity | -0.40 | 0.09 | 0.12 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A |
| Equity | -98M | 965M | 1.4B | 1.4B |
| Total Assets | 196M | 1.1B | 1.5B | 1.5B |
| Total Liabilities | 39M | 90M | 168M | 168M |
| Intangibles | N/A | N/A | N/A | N/A |
| Retained Earnings | -125M | -209M | 10M | 10M |
| Working Capital | 151M | 926M | 1.2B | 1.2B |
| Current Assets | 186M | 1.0B | 1.4B | 1.4B |
| Current Liabilities | 35M | 87M | 133M | 133M |
| Per Share Data | ||||
| EPS | -0.71 | -0.64 | 1.22 | 1.22 |
| Owner EPS | -0.16 | -0.78 | 0.85 | 0.85 |
| Book Value | -0.60 | 7.40 | 7.59 | 7.59 |
| Cash Flow/Share | -0.08 | 1.05 | 1.78 | 1.26 |
| Dividends/Share | N/A | N/A | N/A | 0.00 |
| Shares Out. | 162.2M | 130.3M | 179.6M | 179.6M |
| Valuation | ||||
| P/E Ratio | N/A | N/A | 137.1 | 136.7 |
| P/FCF | N/A | 180.1 | 106.6 | 106.3 |
| EV/EBIT | N/A | N/A | N/A | 171.8 |
| Price/Book | N/A | 19.1 | 22.0 | 22.0 |
| Price/Sales | N/A | 22.9 | 26.6 | 35.1 |
| FCF Yield | N/A | 0.6% | 0.9% | 0.9% |
| Market Cap | N/A | 18.4B | 30.0B | 30.0B |
| Avg. Price | N/A | 69.54 | 126.27 | 166.79 |
| Year-End Price | N/A | 141.53 | 167.26 | 166.79 |
Astera Labs, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Astera Labs, Inc. trades at 136.7x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 43.4% with a gross margin of 73.7%.
Astera Labs, Inc. (ALAB) has a current P/E ratio of 136.7, compared to its historical median P/E of 15.0. The stock is currently considered Expensive based on its historical valuation range.
Astera Labs, Inc. (ALAB) has a 5-year average return on invested capital (ROIC) of 43.4%. This indicates strong capital allocation and a potential competitive advantage.
Astera Labs, Inc. (ALAB) has a market capitalization of $30.0B. It is classified as a large-cap stock.
Astera Labs, Inc. (ALAB) does not currently pay a regular dividend.
Based on historical P/E analysis, Astera Labs, Inc. (ALAB) appears expensive. The current P/E of 136.7 is 811% above its historical median of 15.0.
Astera Labs, Inc. (ALAB) operates in the Semiconductors & Related Devices industry, within the Technology sector.
Astera Labs, Inc. (ALAB) reported annual revenue of $853 million in its most recent fiscal year, based on SEC EDGAR filings.
Astera Labs, Inc. (ALAB) has a net profit margin of 25.7%. This is a strong margin indicating high profitability.
Astera Labs, Inc. (ALAB) generated $282 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Astera Labs, Inc. (ALAB) has a debt-to-equity ratio of 0.12. This indicates a conservatively financed balance sheet.
Astera Labs, Inc. (ALAB) reported earnings per share (EPS) of $1.22 in its most recent fiscal year.
Astera Labs, Inc. (ALAB) has a return on equity (ROE) of 18.8%. This indicates the company generates strong returns for shareholders.
Astera Labs, Inc. (ALAB) has a 5-year average gross margin of 73.7%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 3 years of financial data for Astera Labs, Inc. (ALAB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Astera Labs, Inc. (ALAB) has a book value per share of $7.59, based on its most recent annual SEC filing.