Astera Labs Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	219.13	-83.42	-26.26	-58.35
Depreciation & Amortization	6.83	3.15	1.78	0.81
Loss (Gain) From Sale of Investments	-7.93	-8.44	-1.66	-0.53
Stock-Based Compensation	160.03	234.59	10.68	30.24
Other Operating Activities	7.21	4.09	12.41	1.9
Change in Accounts Receivable	-44.34	-30.48	2.39	-6.04
Change in Inventory	-12.95	-19.29	-5.56	-19.36
Change in Accounts Payable	14.19	20.89	-4.26	2.13
Change in Other Net Operating Assets	-22.87	15.59	-2.23	13.3
Operating Cash Flow	319.31	136.68	-12.72	-35.9
Operating Cash Flow Growth	133.62%	-	-	-
Capital Expenditures	-37.54	-34.25	-2.76	-3.87
Cash Acquisitions	-28.79	-	-	-
Investment in Securities	-174.64	-721.91	-15.01	-86.72
Other Investing Activities	-0.5	-1.41	-	-
Investing Cash Flow	-241.47	-757.57	-17.77	-90.59
Issuance of Common Stock	9.8	681.82	1.12	2.12
Repurchase of Common Stock	-	-21.18	-0.21	-0.31
Other Financing Activities	-	-4.8	-1.41	-
Financing Cash Flow	9.8	655.84	-0.5	151.67
Net Cash Flow	87.64	34.95	-30.99	25.18
Free Cash Flow	281.76	102.43	-15.48	-39.77
Free Cash Flow Growth	175.07%	-	-	-
Free Cash Flow Margin	33.05%	25.85%	-13.37%	-49.79%
Free Cash Flow Per Share	1.57	0.78	-0.42	-1.16
Cash Income Tax Paid	1.64	7.79	2.48	-
Levered Free Cash Flow	206.81	121.1	-7.94	-
Unlevered Free Cash Flow	206.81	121.1	-7.94	-
Change in Working Capital	-65.96	-13.3	-9.68	-9.97

Source: S&P Capital IQ. Standard template. Financial Sources.