Filing Flows › Astera Labs (ALAB) › Q1 2025
Astera Labs (ALAB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Astera Labs (ALAB) reported revenue of $159M for the first quarter 2025 (Q1 2025), +144% from a year earlier and +13% from the quarter before. Operating margin was 7.1%, net earnings $31.8M (20.0% of revenue).
Astera Labs, Q1 2025: revenue $159M (+144% year over year), operating margin 7.1%, net earnings $31.8M, operating cash flow $10.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $159M | +13% | +144% |
| Gross profit | $119M | +14% | +136% |
| Operating profit | $11.3M | 78× | — |
| Net earnings | $31.8M | +29% | — |
| Operating cash flow | $10.5M | -74% | +188% |
| Free cash flow | $6.0M | -75% | 26× |
What changed
Revenue was $159.4M in Q1 2025, up 144% year over year and up 13% from the previous quarter.
Gross margin was 74.9%, down 2.5 points from a year earlier. Operating profit was $11.3M, a 7.1% margin (up 134.2 points year over year). Operating expenses fell 19% while revenue rose 144%. The fastest-growing cost line was Research & development (+21%). Net earnings were $31.8M. The effective tax rate was -46.5%. Non-operating items added $10.4M, 48% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $10.5M (up 188% year over year), 33% of net earnings. Non-cash charges added back $1.1M of depreciation and amortization and $42.4M of share-based compensation. Working capital and other items used $64.9M. Capital expenditures of $4.5M left free cash flow of $6.0M.
Questions
What was Astera Labs' revenue in the first quarter 2025?
Astera Labs (ALAB) reported revenue of $159M for the first quarter 2025 (Q1 2025), +144% from a year earlier and +13% from the quarter before.
Was Astera Labs profitable in the first quarter 2025?
Operating profit was $11.3M (7.1% of revenue) and net earnings $31.8M.
Source: Astera Labs 10-Q on SEC EDGAR.