The company maintains a robust liquidity position with a 11.30 current ratio and has successfully rebuilt its equity base to $1.5 billion as of 2026Q1.
| Total Current Assets | 1.41B | 1.36B | 1.01B | 185.81M | 206M |
| Cash & Short-Term Investments | 1.18B | 1.19B | 914.3M | 149.31M | 163.14M |
| Cash Only | 148.28M | 167.61M | 79.55M | 45.1M | 76.09M |
| Short-Term Investments | 1.04B | 1.02B | 834.75M | 104.22M | 87.06M |
| Accounts Receivable | 134.8M | 83.2M | 38.81M | 8.34M | 10.72M |
| Days Sales Outstanding | 25.99 | 35.62 | 35.75 | 26.27 | 48.99 |
| Inventory | 60.16M | 58.98M | 43.22M | 24.09M | 28.87M |
| Days Inventory Outstanding | 87.06 | 103.86 | 168.54 | 244.52 | 497.33 |
| Other Current Assets | 33.51M | 31.03M | 16.65M | 686K | 509K |
| Total Non-Current Assets | 246.28M | 169.79M | 41.53M | 10.48M | 5.73M |
| Property, Plant & Equipment | 97.17M | 92.04M | 35.65M | 7.58M | 3.52M |
| Fixed Asset Turnover | 12.37x | 9.26x | 11.12x | 15.27x | 22.67x |
| Goodwill | 87.72M | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 61.38M | 77.75M | 5.88M | 2.9M | 2.2M |
| Total Assets | 1.66B | 1.53B | 1.05B | 196.29M | 211.73M |
| Asset Turnover | 0.68x | 0.56x | 0.38x | 0.59x | 0.38x |
| Asset Growth % | 174.59% | 45.26% | 437.21% | -7.29% | - |
| Total Current Liabilities | 125.04M | 133.04M | 86.54M | 35.08M | 40.09M |
| Accounts Payable | 55.82M | 42.36M | 26.92M | 6.34M | 10.29M |
| Days Payables Outstanding | 59.04 | 74.6 | 104.98 | 64.31 | 177.32 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 10M | 0 | 15M | 0 | 0 |
| Other Current Liabilities | 69.23M | 90.68M | 37.92M | 11.66M | 9.71M |
| Current Ratio | 11.30x | 10.24x | 11.71x | 5.30x | 5.14x |
| Quick Ratio | 10.82x | 9.79x | 11.21x | 4.61x | 4.42x |
| Cash Conversion Cycle | 54.01 | 64.89 | 99.3 | 206.48 | 369 |
| Total Non-Current Liabilities | 40.22M | 35.15M | 3.17M | 3.79M | 256.93M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 62.03M | 35.15M | 0 | 778K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 40.22M | 0 | 3.17M | 3.01M | 256.93M |
| Total Liabilities | 165.27M | 168.19M | 89.71M | 38.87M | 297.02M |
| Total Debt | 0 | 35.15M | 1.29M | 2.93M | 1.6M |
| Net Debt | -148.28M | -132.46M | -78.27M | -42.16M | -74.49M |
| Debt / Equity | 0.00x | 0.03x | 0.00x | 0.02x | - |
| Debt / EBITDA | 0.00x | 0.19x | - | - | - |
| Net Debt / EBITDA | -0.64x | -0.73x | - | - | - |
| Interest Coverage | - | - | - | - | - |
| Total Equity | 1.49B | 1.36B | 964.8M | 157.43M | -85.29M |
| Equity Growth % | 162.09% | 41.34% | 512.86% | 284.57% | - |
| Book Value per Share | 8.25 | 7.59 | 7.35 | 1.03 | -0.65 |
| Total Shareholders' Equity | 1.49B | 1.36B | 964.8M | 157.43M | -85.29M |
| Common Stock | 17K | 17K | 16K | 4K | 4K |
| Retained Earnings | 90.65M | 10.34M | -208.8M | -125.38M | -99.12M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -780K | 4.31M | 426K | 259K | -229K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Hyperscaler vertical integration risk
According to reported financial statements, ALAB has aggressively scaled its total asset base from $196.3 million in 2023Q4 to $1.7 billion by 2026Q1, reflecting a rapid accumulation of capital as the firm positions itself to meet the surging demand for high-speed AI connectivity infrastructure.
The expansion of the balance sheet appears driven by a combination of capital raises and the subsequent deployment of funds into operational capacity. This trajectory suggests a company in a high-growth phase, though investors should monitor whether this asset growth continues to translate into proportional revenue gains.
As indicated by the most recent quarterly data, ALAB maintains a current ratio of 11.30, providing a substantial liquidity cushion that significantly exceeds typical semiconductor industry standards and mitigates concerns regarding the company's ability to fund its ongoing research and development requirements over the near term.
The exceptionally high current ratio suggests that the company is currently operating with a significant surplus of liquid assets relative to its short-term obligations. This liquidity profile appears to provide management with considerable flexibility to navigate potential supply chain disruptions or shifts in customer demand cycles.
Based on the provided balance sheet figures, ALAB has successfully transitioned from a negative equity position of $97.7 million in 2023Q4 to a positive $1.5 billion by 2026Q1, largely driven by the accumulation of retained earnings and successful capital market activities during the recent growth phase.
The shift into positive retained earnings suggests that the company has reached a critical inflection point in its business model. However, the reliance on equity-based financing warrants further investigation into the potential for future dilution and the impact of stock-based compensation on long-term shareholder value.
As reported in recent filings, ALAB's net property, plant, and equipment has grown to $97.2 million in 2026Q1, which, while increasing, remains a relatively small portion of the $1.7 billion total asset base, confirming the company's asset-light, fabless semiconductor business model remains intact.
The modest investment in physical assets relative to the total balance sheet size highlights the company's focus on intellectual property and design rather than manufacturing infrastructure. This structure appears to allow for higher operating leverage, though it also places a premium on the company's ability to maintain its technological lead.
Quick answers to the most common questions about buying ALAB stock.
As of 2025, Astera Labs, Inc. Common Stock (ALAB) had total assets of $1.53B including $1.36B in current assets.
Astera Labs, Inc. Common Stock (ALAB) carries total debt of $35.1M, offset by $1.19B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Astera Labs, Inc. Common Stock (ALAB) has total shareholders' equity (book value) of $1.36B ($7.59 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Astera Labs, Inc. Common Stock (ALAB) reported a current ratio of 10.24x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.