Astera Labs, Inc. income statement
In fiscal 2025, Astera Labs, Inc. reported revenue of $853m, up 115.1% on the year before, operating income of $173m (a 20.3% margin) and net income of $219m, or $1.22 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 80 | 116 | 396 | 853 | 1,202 |
| Cost of revenue | 21 | 36 | 94 | 207 | 299 |
| Gross profit | 59 | 80 | 303 | 645 | 903 |
| Research and development | 74 | 73 | 201 | 304 | 434 |
| Selling and marketing | 24 | 20 | 124 | 80 | 88 |
| General and administrative | 21 | 16 | 94 | 88 | 108 |
| Operating income | −60 | −29 | −116 | 173 | 273 |
| Income before tax | −58 | −23 | −82 | 218 | 322 |
| Income tax | 1 | 3 | 2 | −1 | −47 |
| Net income | −58 | −26 | −83 | 219 | 369 |
| Diluted EPS | −$1.71 | −$0.71 | −$0.64 | $1.22 | $2.03 |
| Diluted shares (average) | 34m | 37m | 131m | 180m | 182m |
| EBITDA | −59 | −28 | −113 | 180 | 285 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 113 | 141 | 159 | 192 | 231 | 271 | 308 | 392 |
| Cost of revenue | 25 | 37 | 40 | 46 | 55 | 66 | 73 | 105 |
| Gross profit | 88 | 104 | 119 | 146 | 176 | 204 | 235 | 288 |
| Research and development | 51 | 57 | 65 | 67 | 79 | 94 | 126 | 136 |
| Selling and marketing | 23 | 23 | 22 | 19 | 19 | 20 | 22 | 26 |
| General and administrative | 23 | 25 | 22 | 20 | 22 | 24 | 26 | 36 |
| Operating income | −9 | 0 | 11 | 40 | 55 | 67 | 62 | 89 |
| Income before tax | 2 | 11 | 22 | 51 | 67 | 79 | 73 | 103 |
| Income tax | 10 | −14 | −10 | −1 | −24 | 34 | −7 | −50 |
| Net income | −8 | 25 | 32 | 51 | 91 | 45 | 80 | 153 |
| Diluted EPS | −$0.05 | $0.25 | $0.18 | $0.29 | $0.50 | $0.25 | $0.44 | $0.83 |
| EBITDA | −8 | 1 | 12 | 41 | 57 | 70 | 66 | 93 |
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