Segment and Geographical Information (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Significant Expense Categories and Amounts Regularly Provided to the CODM

The following table includes the significant expense categories and amounts that are regularly provided to the CODM (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Revenue	$	230,575	$	113,086	$	581,942	$	255,194
Less:
Cost of revenue	54,763		25,209		141,156		56,943
Stock-based compensation (1)	40,360		45,433		117,965		185,656
Personnel-related expenses (1)	52,892		29,163		139,174		79,435
Other segment items (2)	(8,554)		20,874		9,495		41,294
Consolidated net income (loss)	$	91,114	$	(7,593)	$	174,152	$	(108,134)

(1) Stock-based compensation and personnel-related expenses presented in the above table are related to operating expenses and exclude amounts included in the cost of revenue.

(2) Other segment items included are primarily related to income tax (benefit) provision, interest income, engineering design related costs, and professional and consulting services fees.

Schedule of Revenue from External Customers by Geographic Areas

The following table sets forth revenue by geographic area (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Singapore	$	95,585	$	11,972	$	193,453	$	11,972
China	77,398		16,507		181,092		23,206
Taiwan	37,686		76,901		171,148		200,429
United States	12,035		5,388		17,554		10,744
Other	7,871		2,318		18,695		8,843
Total	$	230,575	$	113,086	$	581,942	$	255,194

Schedules of Concentration of Risk, by Risk Factor

The Company had the following customers that individually comprised 10% or more of its revenue:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Customer A	27	%	*		25	%	*
Customer B	23	%	11	%	21	%	*
Customer C	10	%	26	%	15	%	28	%
Customer D	24	%	*		14	%	*
Customer E	*		35	%	10	%	40	%

*Less than 10% of total revenue

The Company had the following customers that individually comprised 10% or more of its accounts receivable, net:


	As of
	September 30, 2025		December 31, 2024
Customer A	19	%	22	%

Customer C	*		13	%
Customer D	22	%	*
Customer E	*		24	%
Customer G	13	%	31	%

*Less than 10% of total accounts receivable, net

Astera Labs, Inc. 10-Q