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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $308.4M, roughly 1.1× Astera Labs, Inc.). Astera Labs, Inc. runs the higher net margin — 26.0% vs 6.3%, a 19.8% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (93.4% vs 28.1%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (100.3% CAGR vs 33.7%).
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
ALAB vs PAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.4M | $330.5M |
| Net Profit | $80.3M | $20.7M |
| Gross Margin | 76.3% | 25.4% |
| Operating Margin | 20.1% | 7.3% |
| Net Margin | 26.0% | 6.3% |
| Revenue YoY | 93.4% | 28.1% |
| Net Profit YoY | 152.4% | 57.2% |
| EPS (diluted) | $0.44 | $0.16 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $308.4M | — | ||
| Q4 25 | $270.6M | $330.5M | ||
| Q3 25 | $230.6M | $310.7M | ||
| Q2 25 | $191.9M | $280.1M | ||
| Q1 25 | $159.4M | $275.2M | ||
| Q4 24 | $141.1M | $257.9M | ||
| Q3 24 | $113.1M | $231.6M | ||
| Q2 24 | $76.8M | $197.4M |
| Q1 26 | $80.3M | — | ||
| Q4 25 | $45.0M | $20.7M | ||
| Q3 25 | $91.1M | $17.7M | ||
| Q2 25 | $51.2M | $14.7M | ||
| Q1 25 | $31.8M | $13.8M | ||
| Q4 24 | $24.7M | $13.1M | ||
| Q3 24 | $-7.6M | $14.4M | ||
| Q2 24 | $-7.5M | $9.4M |
| Q1 26 | 76.3% | — | ||
| Q4 25 | 75.6% | 25.4% | ||
| Q3 25 | 76.2% | 24.1% | ||
| Q2 25 | 75.8% | 25.5% | ||
| Q1 25 | 74.9% | 24.0% | ||
| Q4 24 | 74.0% | 25.6% | ||
| Q3 24 | 77.7% | 26.2% | ||
| Q2 24 | 77.9% | 29.8% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 24.7% | 7.3% | ||
| Q3 25 | 24.0% | 6.4% | ||
| Q2 25 | 20.7% | 5.7% | ||
| Q1 25 | 7.1% | 5.7% | ||
| Q4 24 | 0.1% | 5.5% | ||
| Q3 24 | -7.9% | 5.2% | ||
| Q2 24 | -31.7% | 5.2% |
| Q1 26 | 26.0% | — | ||
| Q4 25 | 16.6% | 6.3% | ||
| Q3 25 | 39.5% | 5.7% | ||
| Q2 25 | 26.7% | 5.3% | ||
| Q1 25 | 20.0% | 5.0% | ||
| Q4 24 | 17.5% | 5.1% | ||
| Q3 24 | -6.7% | 6.2% | ||
| Q2 24 | -9.8% | 4.7% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.25 | $0.16 | ||
| Q3 25 | $0.50 | $0.14 | ||
| Q2 25 | $0.29 | $0.11 | ||
| Q1 25 | $0.18 | $0.11 | ||
| Q4 24 | $1.23 | $0.11 | ||
| Q3 24 | $-0.05 | $0.11 | ||
| Q2 24 | $-0.05 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $148.3M | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $560.4M |
| Total Assets | $1.7B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $148.3M | — | ||
| Q4 25 | $167.6M | $320.9M | ||
| Q3 25 | $140.4M | $287.9M | ||
| Q2 25 | $162.3M | $266.4M | ||
| Q1 25 | $86.4M | $245.8M | ||
| Q4 24 | $79.6M | $205.9M | ||
| Q3 24 | $126.1M | $187.5M | ||
| Q2 24 | $421.1M | $188.8M |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $560.4M | ||
| Q3 25 | $1.3B | $537.4M | ||
| Q2 25 | $1.1B | $516.7M | ||
| Q1 25 | $1.0B | $500.4M | ||
| Q4 24 | $964.8M | $485.6M | ||
| Q3 24 | $889.6M | $468.8M | ||
| Q2 24 | $845.3M | $451.6M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.5B | $667.9M | ||
| Q3 25 | $1.4B | $644.4M | ||
| Q2 25 | $1.3B | $609.5M | ||
| Q1 25 | $1.1B | $590.9M | ||
| Q4 24 | $1.1B | $576.2M | ||
| Q3 24 | $983.1M | $552.9M | ||
| Q2 24 | $915.5M | $527.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $74.6M | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 0.93× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $74.6M | — | ||
| Q4 25 | $95.3M | $45.1M | ||
| Q3 25 | $78.2M | $35.1M | ||
| Q2 25 | $135.4M | $31.5M | ||
| Q1 25 | $10.5M | $50.4M | ||
| Q4 24 | $39.7M | $27.9M | ||
| Q3 24 | $63.5M | $6.7M | ||
| Q2 24 | $29.8M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | $76.6M | $45.0M | ||
| Q3 25 | $65.9M | $35.0M | ||
| Q2 25 | $133.3M | $31.4M | ||
| Q1 25 | $6.0M | $50.4M | ||
| Q4 24 | $24.3M | $27.8M | ||
| Q3 24 | $46.8M | $6.7M | ||
| Q2 24 | $28.5M | $17.8M |
| Q1 26 | — | — | ||
| Q4 25 | 28.3% | 13.6% | ||
| Q3 25 | 28.6% | 11.3% | ||
| Q2 25 | 69.5% | 11.2% | ||
| Q1 25 | 3.7% | 18.3% | ||
| Q4 24 | 17.2% | 10.8% | ||
| Q3 24 | 41.4% | 2.9% | ||
| Q2 24 | 37.1% | 9.0% |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 0.0% | ||
| Q3 25 | 5.3% | 0.0% | ||
| Q2 25 | 1.1% | 0.0% | ||
| Q1 25 | 2.8% | 0.0% | ||
| Q4 24 | 10.9% | 0.0% | ||
| Q3 24 | 14.8% | 0.0% | ||
| Q2 24 | 1.7% | 0.1% |
| Q1 26 | 0.93× | — | ||
| Q4 25 | 2.12× | 2.18× | ||
| Q3 25 | 0.86× | 1.98× | ||
| Q2 25 | 2.64× | 2.14× | ||
| Q1 25 | 0.33× | 3.65× | ||
| Q4 24 | 1.61× | 2.12× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
