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Astera Labs, Inc. logo

Astera Labs, Inc. Cash Flow Statement

Operating, investing, and financing cash movements

Astera Labs, Inc. generated $383.4M in operating cash flow over the trailing twelve months. After $40.6M in capital expenditures, free cash flow was $342.8M. Free cash flow increased 2.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$383.4MNet Cash From Investing (TTM)-$331.5MNet Cash From Financing (TTM)$9.5MCapital Expenditures (TTM)$40.6MDepreciation And Amortization Cf (TTM)$9.5MNet Change In Cash (TTM)$50.4M
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$63.0B
P/E Ratio235.36
ROE21.11%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)—$1M-$1.8M$503K$1.5M$1.3M
Amortization of Investment Discount and Premium$3.5M$2.5M$1.9M$1.8M$1.7M$1.2M
Accretion (amortization) of discounts and premiums on investments$3.5M$2.5M$1.9M$1.8M$1.7M$1.2M
Other non-cash income (expense)—$1M-$1.8M$503K$1.5M$1.3M
Change in accounts payable$9.2M$2.2M$2.4M-$5.7M$15.3M-$699K
Change in accounts receivable$13.4M$31M-$45.5M$18.6M$40.3M$51.8M
Change in accrued liabilities$0-$12.4M——$16.4M-$20.8M
Change in inventories$18M$6.8M$7.8M—$5.8M-$346K
Change in other assets$8M$14.5M$4M$38.3M—-$13.9M
Other working capital changes—$1M-$1.8M$503K$1.5M$1.3M
Depreciation and amortization$974K$1.1M$1.4M$1.5M$2.8M$3.7M
Accretion (Amortization) of Investment Discounts and Premiums$3.5M$2.5M$1.9M$1.8M$1.7M$1.2M
Other Non-Cash Income (Expense)—$1M-$1.8M$503K$1.5M$1.3M
Other Non-cash Income (Expense)—$1M-$1.8M$503K$1.5M$1.3M
Other Non-cash Income (Expense)—$1M-$1.8M$503K$1.5M$1.3M
Net cash from operating activities$39.7M$10.5M$135.4M$78.2M$95.3M$74.6M
Net income—$31.8M$51.2M$91.1M$45M$80.3M
Other non-cash income (expense)—$1M-$1.8M$503K$1.5M$1.3M
Accretion (Amortization) of Discounts and Premiums, Investments$3.5M$2.5M$1.9M$1.8M$1.7M$1.2M
Warrants contra revenue$449K$374K$1.8M$1.9M$1.5M$2.1M
Accrued expenses and other liabilities$0-$12.4M——$16.4M-$20.8M
Increase (Decrease) in Prepaid Expense and Other Assets$8M$14.5M$4M$38.3M—-$13.9M
Non-cash operating lease expense$741K$696K$826K$768K$643K$1.2M
Operating lease right-of-use asset amortization$741K$696K$826K$768K$643K$1.2M
Other Noncash Income (Expense)—$1M-$1.8M$503K$1.5M$1.3M
Other Non-cash Income and Expense—$1M-$1.8M$503K$1.5M$1.3M
Other Non-Cash Adjustments—$1M-$1.8M$503K$1.5M$1.3M
Other Non-Cash Income and Expense—$1M-$1.8M$503K$1.5M$1.3M
Accretion (Amortization) of Investment Discounts and Premiums$3.5M$2.5M$1.9M$1.8M$1.7M$1.2M
Stock-based compensation$48.2M$42.4M$35.5M$40.7M$41.4M$48.9M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$0$0———$65M
Capital expenditures$15.4M$4.5M$2M$12.3M$18.7M$7.6M
Payment for (Proceeds from) Other Investing Activity$1.4M$0———$2.5M
Net cash from investing activities-$91.4M-$3.9M-$63.7M-$101M-$72.8M-$94M
Other investing activities$1.4M$0———$2.5M
Purchases of investments$205.7M$190.8M$213.9M$259.8M$193.3M$156.6M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$24.3M$6M$133.3M$65.9M$76.6M$67M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net cash from financing activities$5.7M$386K$4.7M$952K$3.7M$82K
Proceeds from issuance of common stock$2.6M$386K$392K$952K$95K$82K

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—$7M$76.4M—$26.2M-$19.3M