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Astera Labs, Inc. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Astera Labs, Inc. holds $1.7B in total assets. Shareholders' equity is $1.5B against $41.9M in total debt. Cash and equivalents total $148.4M. The current ratio is 11.30 and debt-to-equity is 0.028. Based on the Q1 2026 filing.

Total Assets$1.7BTotal Stockholders Equity$1.5BCash And Equivalents$148.4MTotal Current Assets$1.4BTotal Current Liabilities$125.0M
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$39.2B
P/E Ratio146.44
ROE21.11%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$26.9M$29.5M$31.6M$25.8M$42.4M$55.8M
Accrued Contingent Liabilities$0.0$0.0$0.0$0.0$0.0$0.0
Accrued expenses$59.6M$13.9M$27.3M$40.2M$90.7M$22.8M
Accrued Manufacturing Costs$29.5M$13.9M$27.3M$40.2M$46.5M$22.8M
Other Commercial Liabilities$59.6M$47.8M$74.8M$75.1M$90.7M$69.2M
Accrued Liabilities, Current$59.6M$47.8M$74.8M$75.1M$90.7M$69.2M
Compensation and benefits$29.5M$13.9M$27.3M$40.2M$46.5M$22.8M
Lease Liability Payments - 2020 (Remaining Three Months)——$3.6M$1.7M—$6.2M
Operating Lease Liability Payments - 2024 (Lessee)——$5.8M$5.9M—$8.8M
Operating Lease Liability Payments - 2025 (Lessee)——$5.8M$5.8M—$5.3M
Lease Liability Payments - Due Year Two——$5.8M$5.9M—$8.8M
Lease Liability Payments - Due Year Three——$5.8M$5.8M—$8.3M
Lease Liability Payments - Due Year Four——$5.8M$5.8M—$5.3M
Lease Liability Payments - Remainder of Fiscal Year——$6.1M$6.2M—$8.9M
Operating lease liabilities, current$1.3M—$4.7M$4.4M$4.1M$5.7M
Operating Lease Liability Payments Due——$40.7M$39.2M—$52.7M
Operating Lease Liability - Undiscounted Excess Amount——$8.4M$7.9M—$10.8M
Total current liabilities$86.5M$77.3M$106.4M$101.0M$133.0M$125.0M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$38.8M$69.8M$24.3M$42.9M$83.2M$134.8M
Cash and cash equivalents$80.0M$87.0M$163.4M$141.5M$167.7M$148.4M
Cash, Cash Equivalents, and Marketable Securities$894.3M$896.2M$1.0B$1.1B$1.0B$1.0B
Available For Sale Securities Debt Securities Current$834.8M$838.3M$902.8M$994.0M$1.0B$1.0B
Finished goods$16.3M$22.7M$34.3M$34.5M$23.1M$13.3M
Finished goods$16.3M$22.7M$34.3M$34.5M$23.1M$13.3M
Raw materials$229.0K$199.0K$172.0K$183.0K$84.0K$298.0K
Work in process$26.7M$28.2M$24.1M$16.9M$35.8M$46.6M
Inventories$43.2M$51.1M$58.6M$51.7M$59.0M$60.2M
Prepaid expenses and other current assets$16.7M$30.3M$32.7M$61.2M$31.0M$33.5M
Short-term investments$834.8M$838.3M$902.8M$994.0M$1.0B$1.0B
Total current assets$1.0B$1.1B$1.2B$1.3B$1.4B$1.4B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$1.2B$1.2B$1.3B$1.3B$1.3B$1.4B
Accumulated other comprehensive income (loss)$426.0K$2.0M$2.9M$4.1M$4.3M-$780.0K
Common stock16K1B1B1B17K1B
Common Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Shares Issued162M164.9M166.2M168.9M170.2M171.3M
Common Stock Shares Outstanding$695.7M$271.4M$383.8M$553.8M$450.3M$285.2M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$16.0K$16.0K$17.0K$17.0K$17.0K$17.0K
Number of Exercisable Options—$3.8M$3.9M$2.7M—$285.2M
Number of Vested and Expected to Vest Options—————2.6M
Retained earnings-$208.8M-$177.0M-$125.8M-$34.6M$10.3M$90.6M
Share-Based Payment Award Options Outstanding - Number5.3M4.6M4.3M2.8M2.7M2.6M
Total liabilities and stockholders' equity$1.1B$1.1B$1.3B$1.4B$1.5B$1.7B
Total stockholders' equity$964.8M$1.0B$1.1B$1.3B$1.4B$1.5B
Weighted Average Exercise Price of Outstanding Options$0.83$0.83$0.79$0.86$0.86$0.86
Weighted Average Exercise Price of Vested and Expected to Vest Options—————$0.86

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$893.9M$894.2M$1.0B$1.1B$103.8M$112.6M
Accrued production equipment$0.0—$13.5M$13.5M$13.5M$412.0K
Accrued software license costs$5.4M$8.6M$8.0M$7.1M$7.6M$8.8M
Available for sale investments$894.3M$896.2M$1.0B$1.1B$1.0B$1.0B
Holdback indemnities—————$5.0M
Warrant eligible for vesting (in shares)————30.6K73.1K
Warrant exercises (in shares)—————0
Warrants issuable (in shares)————1.2M1.3M
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$1.0B$1.0B$1.0B$1.0B$1.0B$1.0B
Common stock, shares issued (in shares)$162.0M$164.9M$166.2M$168.9M$170.2M$171.3M
Common Stock, Shares, Outstanding$162.0M$164.9M$166.2M$168.9M$170.2M$171.3M
Holdback in connection with acquisitions————$1.6M$6.6M
Lessee Operating Lease Liability Payments Due——$40.7M$39.2M—$52.7M
Thereafter——$13.7M$13.7M—$15.2M
Lessee Operating Lease Liability Undiscounted Excess Amount——$8.4M$7.9M—$10.8M
Loss Contingency Estimate Of Possible Loss$0.0$0.0$0.0$0.0$0.0$0.0
Operating Lease Weighted Average Discount Rate Percent$0.1—$0.1$0.1$0.1$0.1
Other accrued liabilities————$21.5M$30.7M
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price—————$0.9
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number—$3.8M$3.9M$2.7M—$2.6M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$5.3M$4.6M$4.3M$2.8M$2.7M$2.6M
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number—————$2.6M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$0.8$0.8$0.8$0.9$0.9$0.9
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value—————$285.2M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$695.7M$271.4M$383.8M$553.8M$450.3M$285.2M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price—$0.7$0.7$0.8—$0.9
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value—$224.6M$348.1M$522.8M—$281.7M
Unrecorded Unconditional Purchase Obligation—$36.8M———$14.8M
Remainder of Fiscal Year 2024——$3.6M$1.7M—$6.2M
Unrecorded Unconditional Purchase Obligation—$36.8M———$14.8M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$5.9M$6.4M$28.6M$38.5M$58.7M$61.4M
Goodwill————$19.0M$87.7M
Net Investment in Lease$3.0M—$22.6M$22.2M$22.8M$33.9M
Operating lease right-of-use assets$3.0M—$22.6M$22.2M$22.8M$33.9M
Other non-current assets$5.9M$6.4M$28.6M$38.5M$58.7M$61.4M
Property, plant and equipment at cost$41.5M$46.4M$69.5M$81.4M$103.8M$112.6M
Operating lease right-of-use assets11.1%—7.1%7.1%7.1%6.8%
Operating Lease Right-of-Use Assets in Other Assets$3.0M—$22.6M$22.2M$22.8M$33.9M
Other non-current assets$5.9M$10.2M$16.0M$14.3M$77.8M$61.4M
Accumulated depreciation$5.8M$7.0M$7.4M$8.9M$11.7M$15.4M
Property and equipment, net$35.7M$39.5M$62.1M$72.5M$92.0M$97.2M
Software and Technology Licenses, Net$5.9M$6.4M$28.6M$38.5M$58.7M$61.4M
Total assets$1.1B$1.1B$1.3B$1.4B$1.5B$1.7B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating Lease Liability Payments - 2026 (Lessee)——$5.8M$5.8M—$8.3M
Operating Lease Liability Payments - 2027 (Lessee)——$5.8M$5.8M—$8.3M
Operating Lease Liability Payments - 2028 (Lessee)——$5.8M$5.8M—$5.3M
Operating lease liabilities, non-current$1.8M—$27.6M$26.9M$26.8M$36.2M
Operating Lease Liabilities (Total)$3.1M—$32.3M$31.3M$31.0M$41.9M
Other non-current liabilities$3.2M$2.9M$29.3M$28.5M$35.1M$40.2M
Total liabilities$89.7M$80.1M$135.7M$129.5M$168.2M$165.3M