Ascent Solar Technologies, Inc. Common Stock (ASTI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Ascent Solar Technologies, Inc. Common Stock (ASTI) stock price & volume — 10-year historical chart
Ascent Solar Technologies, Inc. Common Stock (ASTI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Ascent Solar Technologies, Inc. Common Stock (ASTI) competitors in Solar modules and inverters — business model, growth, and fundamentals comparison
Ascent Solar Technologies, Inc. Common Stock (ASTI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Ascent Solar Technologies, Inc. Common Stock (ASTI) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 642.18K | 862.41K | 638.38K | 66.61K | 607.78K | 1.22M | 458.26K | 41.89K | 0 |
| Revenue Growth % | -63.25% | 34.29% | -25.98% | -89.57% | 812.41% | 101.19% | -62.52% | -90.86% | -100% |
| Cost of Goods Sold | 2.81M | 1.02M | 490.75K | 174.59K | 1.9M | 2.01M | 1.89M | 148.38K | 196.33K |
| COGS % of Revenue | 438.32% | 117.79% | 76.88% | 262.09% | 313.01% | 164.5% | 412.94% | 354.18% | - |
| Gross Profit | -2.17M▲ 0% | -153.38K▲ 92.9% | 147.63K▲ 196.2% | -107.97K▼ 173.1% | -1.29M▼ 1099.0% | -788.67K▲ 39.1% | -1.43M▼ 81.8% | -106.48K▲ 92.6% | -196.33K▼ 84.4% |
| Gross Margin % | -338.32% | -17.79% | 23.12% | -162.09% | -213.01% | -64.5% | -312.94% | -254.18% | - |
| Gross Profit Growth % | 46.96% | 92.94% | 196.25% | -173.14% | -1099.01% | 39.08% | -81.83% | 92.57% | -84.38% |
| Operating Expenses | 11.61M | 6.42M | 3.4M | 2.35M | 7.5M | 16.27M | 14.21M | 8.43M | 7.75M |
| OpEx % of Revenue | 1808.23% | 744.05% | 532.7% | 3522.69% | 1233.27% | 1330.31% | 3100.69% | 20124.28% | - |
| Selling, General & Admin | 5.6M | 3.24M | 1.85M | 1.03M | 3.3M | 10.22M | 7.61M | 5.53M | 4.1M |
| SG&A % of Revenue | 871.72% | 376.25% | 289.32% | 1545.82% | 542.62% | 835.41% | 1660.19% | 13202.91% | - |
| Research & Development | 4.82M | 2.79M | 1.31M | 1.17M | 4.14M | 5.98M | 3.22M | 2.3M | 2.44M |
| R&D % of Revenue | 750.65% | 324.05% | 205.36% | 1749.2% | 681.22% | 488.71% | 703.16% | 5492.44% | - |
| Other Operating Expenses | 574.82K | 13.14K | 242.78K | 151.66K | 57.31K | 75.64K | 3.38M | 598.62K | 1.21M |
| Operating Income | -14.15M▲ 0% | -6.57M▲ 53.6% | -3.25M▲ 50.5% | -2.45M▲ 24.5% | -8.79M▼ 258.1% | -17.06M▼ 94.0% | -15.64M▲ 8.3% | -8.54M▲ 45.4% | -7.87M▲ 7.8% |
| Operating Margin % | -2203.13% | -761.83% | -509.58% | -3684.79% | -1446.28% | -1394.81% | -3413.63% | -20378.46% | - |
| Operating Income Growth % | 42.55% | 53.56% | 50.49% | 24.55% | -258.12% | -94.03% | 8.28% | 45.43% | 7.76% |
| EBITDA | -12.95M | -6.19M | -3.01M | -2.12M | -8.08M | -16.29M | -14.88M | -7.98M | -7.79M |
| EBITDA Margin % | -2017.28% | -718.08% | -471.55% | -3178.15% | -1330.07% | -1331.85% | -3247.18% | -19045.44% | - |
| EBITDA Growth % | 38.4% | 52.2% | 51.39% | 29.67% | -281.85% | -101.46% | 8.63% | 46.38% | 2.31% |
| D&A (Non-Cash Add-back) | 1.19M | 377.31K | 242.78K | 337.49K | 706.29K | 769.87K | 762.76K | 558.44K | 79.66K |
| EBIT | -11.7M | -8.68M | 3.98M | 5.12M | -4.91M | -17.05M | -14.9M | -8.46M | 0 |
| Net Interest Income | -6.86M | -7.35M | -8.85M | -3.51M | -1.09M | -2.7M | -2.17M | -665.72K | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 6.86M | 7.35M | 8.85M | 3.51M | 1.09M | 2.7M | 2.17M | 665.72K | -51.99K |
| Other Income/Expense | -4.41M | -9.47M | -1.62M | 4.07M | 2.79M | -2.73M | -1.43M | -593.13K | 41.63K |
| Pretax Income | -18.56M▲ 0% | -16.04M▲ 13.6% | -4.87M▲ 69.6% | 1.62M▲ 133.2% | -6M▼ 471.0% | -19.78M▼ 229.7% | -17.07M▲ 13.7% | -9.13M▲ 46.5% | -7.83M▲ 14.2% |
| Pretax Margin % | -2890.18% | -1859.49% | -762.6% | 2428.12% | -987.19% | -1617.79% | -3724.94% | -21794.27% | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | -27.36K | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0.14% | 0% | 0% | 0% |
| Net Income | -18.56M▲ 0% | -16.04M▲ 13.6% | -4.87M▲ 69.6% | 1.62M▲ 133.2% | -6M▼ 471.0% | -19.75M▼ 229.2% | -17.07M▲ 13.6% | -9.13M▲ 46.5% | -7.83M▲ 14.2% |
| Net Margin % | -2890.18% | -1859.49% | -762.6% | 2428.12% | -987.19% | -1615.55% | -3724.94% | -21794.27% | - |
| Net Income Growth % | 52.23% | 13.6% | 69.64% | 133.22% | -470.96% | -229.24% | 13.59% | 46.51% | 14.21% |
| Net Income (Continuing) | -18.56M | -16.04M | -4.87M | 1.62M | -6M | -19.75M | -17.07M | -9.13M | -7.83M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -999999.00▲ 0% | -692490.00▲ 30.8% | -3170.00▲ 99.5% | 8936.15▲ 381.9% | -25104.62▼ 380.9% | -13200.00▲ 47.4% | -3419.25▲ 74.1% | -10.38▲ 99.7% | -3.09▲ 70.2% |
| EPS Growth % | 99.25% | 78.02% | 99.54% | 381.9% | -380.93% | 47.42% | 74.1% | 99.7% | 70.23% |
| EPS (Basic) | -999999.00 | -692490.00 | -3170.00 | 8936.15 | -25104.62 | -13200.00 | -3419.25 | -10.38 | -3.09 |
| Diluted Shares Outstanding | 6 | 23 | 1.54K | 181 | 239 | 1.49K | 10.25K | 882.55K | 2.56M |
| Basic Shares Outstanding | 6 | 23 | 1.54K | 181 | 239 | 1.49K | 10.25K | 882.55K | 2.56M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Ascent Solar Technologies, Inc. Common Stock (ASTI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.63M | 982.48K | 585.49K | 779.27K | 6.85M | 12.44M | 1.54M | 3.71M | 3.38M |
| Cash & Short-Term Investments | 89.62K | 18.16K | 0 | 167.72K | 5.96M | 11.48M | 1.05M | 3.17M | 2.79M |
| Cash Only | 89.62K | 18.16K | 0 | 167.72K | 5.96M | 11.48M | 1.05M | 3.17M | 2.79M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 6.66K | 165.16K | 0 | 5.54K | 49.25K | 1.77K | 0 | 0 | 0 |
| Days Sales Outstanding | 3.78 | 69.9 | - | 30.35 | 29.58 | 0.53 | - | - | - |
| Inventory | 1.04M | 660.79K | 533.89K | 534.43K | 592.17K | 615.28K | 447.5K | 453.1K | 543.62K |
| Days Inventory Outstanding | 134.58 | 237.44 | 397.08 | 1.12K | 113.61 | 111.65 | 86.31 | 1.11K | 1.01K |
| Other Current Assets | 0 | 138.37K | 51.6K | 0 | 247.74K | 344.11K | 39.28K | 89.47K | 54.57K |
| Total Non-Current Assets | 6.15M | 5.31M | 5.05M | 6.59M | 6M | 6.23M | 5.38M | 3.43M | 2.95M |
| Property, Plant & Equipment | 4.63M | 4.41M | 4.23M | 5.65M | 5.26M | 4.88M | 3.41M | 2.11M | 20.47M |
| Fixed Asset Turnover | 0.14x | 0.20x | 0.15x | 0.01x | 0.12x | 0.25x | 0.13x | 0.02x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.47M | 862.43K | 813.4K | 439.84K | 86.59K | 79.98K | 53.98K | 28.49K | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 21.2K | 61.38K | 68.87K | 62.19K | 0 |
| Other Non-Current Assets | 49.81K | 34.06K | 0 | 500K | -627K | 130.99K | 1.23M | 1.23M | -17.52M |
| Total Assets | 7.78M▲ 0% | 6.29M▼ 19.1% | 5.63M▼ 10.5% | 7.37M▲ 30.9% | 12.85M▲ 74.3% | 18.68M▲ 45.4% | 6.91M▼ 63.0% | 7.15M▲ 3.4% | 6.33M▼ 11.4% |
| Asset Turnover | 0.08x | 0.14x | 0.11x | 0.01x | 0.05x | 0.07x | 0.07x | 0.01x | - |
| Asset Growth % | -33.01% | -19.14% | -10.47% | 30.85% | 74.29% | 45.37% | -62.99% | 3.4% | -11.4% |
| Total Current Liabilities | 14.31M | 23.87M | 30.71M | 9.15M | 3.05M | 4.97M | 5.76M | 2.28M | 2.21M |
| Accounts Payable | 1.6M | 2.32M | 1.66M | 736.99K | 642.16K | 595.16K | 579.24K | 449.44K | 394.7K |
| Days Payables Outstanding | 207.54 | 833.15 | 1.24K | 1.54K | 123.21 | 108 | 111.72 | 1.11K | 733.79 |
| Short-Term Debt | 4.48M | 8.41M | 17.14M | 443.2K | 896.74K | 250K | 2.19M | 19.55K | 676.6K |
| Deferred Revenue (Current) | 1.83M | 3.03M | 4.19M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 6.41M | 10.11M | 7.72M | 5.3M | -646.74K | 2.47M | 2.84M | 1.03M | 1.53M |
| Current Ratio | 0.11x | 0.04x | 0.02x | 0.09x | 2.25x | 2.50x | 0.27x | 1.63x | 1.53x |
| Quick Ratio | 0.04x | 0.01x | 0.00x | 0.03x | 2.05x | 2.38x | 0.19x | 1.43x | 1.29x |
| Cash Conversion Cycle | -69.17 | -525.81 | - | -393.12 | 19.98 | 4.18 | - | - | - |
| Total Non-Current Liabilities | 8.67M | 5.06M | 28.4K | 18.41M | 12.63M | 9.12M | 2.68M | 1.49M | 788.28K |
| Long-Term Debt | 5.8M | 5.03M | 0 | 13.22M | 8.08M | 5.27M | 0 | 0 | 788.28K |
| Capital Lease Obligations | 0 | 0 | 0 | 5.18M | 4.53M | 3.83M | 2.04M | 1.46M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 1.25M | 1.08M | 613K | 0 | 0 |
| Other Non-Current Liabilities | 2.87M | 29.11K | 28.4K | 14.14K | 21.23K | 21.23K | 21.23K | 21.23K | 0 |
| Total Liabilities | 22.98M | 28.93M | 30.74M | 27.56M | 15.68M | 14.09M | 8.44M | 3.77M | 2.99M |
| Total Debt | 10.28M | 13.43M | 17.14M | 19.42M | 14.15M | 10.08M | 4.23M | 2.06M | 1.46M |
| Net Debt | 10.19M | 13.42M | 17.14M | 19.25M | 8.19M | -1.4M | 3.18M | -1.11M | -1.32M |
| Debt / Equity | - | - | - | - | - | 2.20x | - | 0.61x | 0.44x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -2.06x | -0.89x | -0.37x | -0.70x | -8.08x | -6.31x | -7.20x | -12.82x | - |
| Total Equity | -15.2M▲ 0% | -22.64M▼ 48.9% | -25.11M▼ 10.9% | -20.19M▲ 19.6% | -2.83M▲ 86.0% | 4.59M▲ 261.8% | -1.53M▼ 133.3% | 3.38M▲ 321.4% | 3.34M▼ 1.2% |
| Equity Growth % | -8.66% | -48.9% | -10.92% | 19.57% | 85.97% | 261.83% | -133.29% | 321.4% | -1.24% |
| Book Value per Share | -999999.00 | -977471.16 | -16328.09 | -111559.13 | -11856.09 | 3077.54 | -148.94 | 3.83 | 1.31 |
| Total Shareholders' Equity | -15.2M | -22.64M | -25.11M | -20.19M | -2.83M | 4.59M | -1.53M | 3.38M | 3.34M |
| Common Stock | 960.66K | 6.35K | 475.92K | 368 | 479 | 3.4K | 358 | 145 | 466 |
| Retained Earnings | -402.5M | -418.53M | -423.4M | -421.78M | -427.78M | -447.54M | -482.48M | -491.61M | -499.44M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | -16.02K | 8.94K | 4.92K | 12.81K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Ascent Solar Technologies, Inc. Common Stock (ASTI) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -12.6M | -4.02M | -2.72M | -2.88M | -9.4M | -10.51M | -9.54M | -8.42M | -6.9M |
| Operating CF Margin % | -1961.75% | -465.65% | -425.36% | -4325.19% | -1547.34% | -859.23% | -2081.11% | -20107.34% | - |
| Operating CF Growth % | 25.26% | 68.12% | 32.38% | -6.1% | -226.41% | -11.72% | 9.23% | 11.67% | 18.04% |
| Net Income | -18.56M | -16.04M | -4.87M | 1.62M | -6M | -19.75M | -17.07M | -9.13M | -7.83M |
| Depreciation & Amortization | 1.2M | 381.06K | 242.78K | 337.49K | 706.29K | 769.87K | 762.76K | 558.44K | 627.6K |
| Stock-Based Compensation | 123.27K | 29.27K | 20.75K | 0 | 0 | 5.48M | 2.24M | 1.01M | 1.13M |
| Deferred Taxes | -2.38M | 2.58M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 5.44M | 5.93M | 105.08K | -5.37M | -2.74M | 2.64M | 5.32M | 690.4K | -832.53K |
| Working Capital Changes | 1.58M | 3.1M | 1.78M | 536.61K | -1.38M | 358.27K | -792.71K | -1.55M | 0 |
| Change in Receivables | 569.63K | -155.97K | 164.8K | -5.4K | -43.71K | 47.48K | 1.77K | 0 | 0 |
| Change in Inventory | 1.17M | 377.06K | 126.9K | -539 | -57.74K | -23.11K | -124.76K | 29.05K | -4.18K |
| Change in Payables | -592.4K | 994.42K | -288.94K | -321.58K | -77.17K | -47.01K | -15.92K | -129.8K | -19.7K |
| Cash from Investing | 80.95K | -2.45K | 827.49K | 254.44K | -301.52K | -265.47K | -3.88M | -421 | -107.02K |
| Capital Expenditures | -69.05K | -16.45K | -6.39K | -156 | -280.32K | -169.36K | -3.86M | -421 | -32.02K |
| CapEx % of Revenue | 10.75% | 1.91% | 1% | 0.23% | 46.12% | 13.85% | 841.83% | 1% | - |
| Acquisitions | 150K | 14K | 0 | 254.6K | -21.2K | -83.56K | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 150K | 14K | 833.88K | 0 | 0 | -12.56K | -19.58K | 0 | 0 |
| Cash from Financing | 12.48M | 3.95M | 1.87M | 2.8M | 15.5M | 16.29M | 2.96M | 10.55M | 6.63M |
| Debt Issued (Net) | 3.49M | 3.96M | 1.88M | 298.2K | 0 | 13.5M | -6.24M | -446.38K | 0 |
| Equity Issued (Net) | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -20K | -11K | -7.5K | 0 | 0 | -2.21M | -1.09M | -4.97M | 6.63M |
| Net Change in Cash | -41.33K▲ 0% | -71.46K▼ 72.9% | -18.16K▲ 74.6% | 167.72K▲ 1023.6% | 5.79M▲ 3354.5% | 5.52M▼ 4.7% | -10.43M▼ 289.0% | 2.12M▲ 120.3% | -384.25K▼ 118.1% |
| Free Cash Flow | -12.67M▲ 0% | -4.03M▲ 68.2% | -2.73M▲ 32.3% | -2.88M▼ 5.5% | -9.68M▼ 236.1% | -10.69M▼ 10.4% | -13.41M▼ 25.5% | -8.42M▲ 37.2% | -6.94M▲ 17.7% |
| FCF Margin % | -1972.5% | -467.56% | -427.71% | -4325.42% | -1593.46% | -874.11% | -2927.21% | -20108.35% | - |
| FCF Growth % | 25.91% | 68.17% | 32.29% | -5.53% | -236.13% | -10.36% | -25.5% | 37.2% | 17.66% |
| FCF per Share | -999999.00 | -174123.88 | -1775.72 | -15918.73 | -40522.01 | -7173.48 | -1308.71 | -9.55 | -2.71 |
| FCF Conversion (FCF/Net Income) | 0.68x | 0.25x | 0.56x | -1.78x | 1.57x | 0.53x | 0.56x | 0.92x | 0.88x |
| Interest Paid | 0 | 0 | 2.7K | 0 | 0 | 0 | 293.84K | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Ascent Solar Technologies, Inc. Common Stock (ASTI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | - | - | - | - | -2255.19% | -1116.07% | -985.29% | -233.19% |
| Return on Invested Capital (ROIC) | -920.45% | - | - | - | - | -298.71% | -299.58% | -485.25% | -326.26% | -275.46% |
| Gross Margin | -234.44% | -338.32% | -17.79% | 23.12% | -162.09% | -213.01% | -64.5% | -312.94% | -254.18% | - |
| Net Margin | -2223.4% | -2890.18% | -1859.49% | -762.6% | 2428.12% | -987.19% | -1615.55% | -3724.94% | -21794.27% | - |
| Debt / Equity | - | - | - | - | - | - | 2.20x | - | 0.61x | 0.44x |
| Interest Coverage | -3.12x | -2.06x | -0.89x | -0.37x | -0.70x | -8.08x | -6.31x | -7.20x | -12.82x | - |
| FCF Conversion | 0.43x | 0.68x | 0.25x | 0.56x | -1.78x | 1.57x | 0.53x | 0.56x | 0.92x | 0.88x |
| Revenue Growth | -73.27% | -63.25% | 34.29% | -25.98% | -89.57% | 812.41% | 101.19% | -62.52% | -90.86% | -100% |
Ascent Solar Technologies, Inc. Common Stock (ASTI) stock FAQ — growth, dividends, profitability & financials explained
Ascent Solar Technologies, Inc. Common Stock (ASTI) saw revenue decline by 100.0% over the past year.
Ascent Solar Technologies, Inc. Common Stock (ASTI) reported a net loss of $7.8M for fiscal year 2025.
Ascent Solar Technologies, Inc. Common Stock (ASTI) has a return on equity (ROE) of -233.2%. Negative ROE indicates the company is unprofitable.
Ascent Solar Technologies, Inc. Common Stock (ASTI) had negative free cash flow of $7.0M in fiscal year 2025, likely due to heavy capital investments.
Ascent Solar Technologies, Inc. Common Stock (ASTI) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates