Astera Labs Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	198.87	-83.42	-26.26	-58.35
Depreciation & Amortization	4.96	3.15	1.78	0.81
Loss (Gain) From Sale of Investments	-9.69	-8.34	-1.62	-0.53
Stock-Based Compensation	166.88	234.59	10.68	30.24
Other Operating Activities	6.88	3.99	12.38	1.9
Change in Accounts Receivable	-17.52	-30.48	2.39	-6.04
Change in Inventory	-25.12	-19.29	-5.56	-19.36
Change in Accounts Payable	8.08	20.89	-4.26	2.13
Change in Other Net Operating Assets	-69.59	15.59	-2.23	13.3
Operating Cash Flow	263.74	136.68	-12.72	-35.9
Capital Expenditures	-34.3	-34.25	-2.76	-3.87
Investment in Securities	-223.89	-721.91	-15.01	-86.72
Other Investing Activities	-1.91	-1.41	-	-
Investing Cash Flow	-260.11	-757.57	-17.77	-90.59
Issuance of Common Stock	12.79	681.82	1.12	2.12
Repurchase of Common Stock	-1.07	-21.18	-0.21	-0.31
Other Financing Activities	-	-4.8	-1.41	-
Financing Cash Flow	11.73	655.84	-0.5	151.67
Net Cash Flow	15.37	34.95	-30.99	25.18
Free Cash Flow	229.44	102.43	-15.48	-39.77
Free Cash Flow Margin	31.73%	25.85%	-13.37%	-49.79%
Free Cash Flow Per Share	1.32	0.78	-0.42	-1.16
Cash Income Tax Paid	7.79	7.79	2.48	-
Levered Free Cash Flow	115.7	121.1	-7.94	-
Unlevered Free Cash Flow	115.7	121.1	-7.94	-
Change in Working Capital	-104.15	-13.3	-9.68	-9.97

Source: S&P Global Market Intelligence. Standard template. Financial Sources.