8-K Announcements
6Mar 2, 2026·SEC
Feb 23, 2026·SEC
Feb 20, 2026·SEC
AST SpaceMobile, Inc. (ASTS) 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.
AST SpaceMobile, Inc. (ASTS) stock price & volume — 10-year historical chart
AST SpaceMobile, Inc. (ASTS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
AST SpaceMobile, Inc. (ASTS) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 2, 2026 | $0.26vs $0.18-44.4% | $54Mvs $42M+30.0% |
| Q4 2025 | Nov 10, 2025 | $0.45vs $0.39-15.9% | $15Mvs $22M-33.1% |
| Q3 2025 | Aug 11, 2025 | $0.41vs $0.19-113.9% | $1Mvs $7M-82.7% |
| Q2 2025 | May 12, 2025 | $0.20vs $0.19-3.1% | $718,000vs $4M-82.2% |
AST SpaceMobile, Inc. (ASTS) competitors in Satellite Communications Equipment — business model, growth, and fundamentals comparison
AST SpaceMobile, Inc. (ASTS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AST SpaceMobile, Inc. (ASTS) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 356K | 1.41M | 5.97M | 12.4M | 13.82M | 0 | 4.42M | 70.92M |
| Revenue Growth % | - | 297.19% | 321.99% | 107.89% | 11.45% | -100% | - | 1505.21% |
| Cost of Goods Sold | 163K | 954K | 3.02M | 7.56M | 6.71M | 0 | 0 | 33.03M |
| COGS % of Revenue | 45.79% | 67.47% | 50.7% | 60.97% | 48.56% | - | - | 46.58% |
| Gross Profit | 193K▲ 0% | 460K▲ 138.3% | 2.94M▲ 539.6% | 4.84M▲ 64.6% | 7.11M▲ 46.9% | 0▼ 100.0% | 4.42M▲ 0% | 37.89M▲ 757.5% |
| Gross Margin % | 54.21% | 32.53% | 49.3% | 39.03% | 51.44% | - | 100% | 53.42% |
| Gross Profit Growth % | - | 138.34% | 539.57% | 64.58% | 46.86% | -100% | - | 757.54% |
| Operating Expenses | 4.77M | 11.35M | 26.41M | 88.67M | 152.88M | 222.37M | 247.18M | 325.6M |
| OpEx % of Revenue | 1340.17% | 802.55% | 442.63% | 714.83% | 1105.79% | - | 5594.84% | 459.12% |
| Selling, General & Admin | 2.46M | 5.4M | 12.32M | 35.64M | 48.33M | 41.6M | 61.57M | 101.68M |
| SG&A % of Revenue | 691.29% | 382.18% | 206.47% | 287.27% | 349.6% | - | 1393.53% | 143.38% |
| Research & Development | 2.28M | 5.94M | 14.09M | 53.04M | 99.83M | 126.3M | 122.27M | 28.11M |
| R&D % of Revenue | 640.17% | 420.37% | 236.17% | 427.56% | 722.11% | - | 2767.63% | 39.64% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 4.71M | 54.47M | 63.34M | 195.81M |
| Operating Income | -4.58M▲ 0% | -10.89M▼ 137.8% | -23.47M▼ 115.6% | -83.83M▼ 257.2% | -145.76M▼ 73.9% | -222.37M▼ 52.6% | -242.76M▼ 9.2% | -287.71M▼ 18.5% |
| Operating Margin % | -1286.24% | -770.01% | -393.33% | -675.8% | -1054.35% | - | -5494.84% | -405.7% |
| Operating Income Growth % | - | -137.78% | -115.56% | -257.19% | -73.87% | -52.55% | -9.17% | -18.52% |
| EBITDA | -4.55M | -10.7M | -22.58M | -80.92M | -141.05M | -167.9M | -179.42M | -236.6M |
| EBITDA Margin % | -1277.25% | -756.72% | -378.46% | -652.32% | -1020.27% | - | -4061.16% | -333.63% |
| EBITDA Growth % | - | -135.32% | -111.06% | -258.32% | -74.31% | -19.03% | -6.86% | -31.87% |
| D&A (Non-Cash Add-back) | 32K | 188K | 887K | 2.91M | 4.71M | 54.47M | 63.34M | 51.11M |
| EBIT | -4.58M | -11.06M | -24.36M | -86.75M | -102.28M | -216.49M | -506.32M | -421.04M |
| Net Interest Income | 0 | 713.61K | 61K | 0 | 2.63M | 2.67M | -4.52M | -36.07M |
| Interest Income | 4K | 1.2M | 71K | 0 | 2.85M | 7.19M | 14.16M | 0 |
| Interest Expense | 0 | 484.02K | 10K | 0 | 216K | 4.51M | 18.68M | 36.07M |
| Other Income/Expense | 5K | -209K | -804K | 10.9M | 43.27M | 1.37M | -282.24M | -169.4M |
| Pretax Income | -4.57M▲ 0% | -11.1M▼ 142.6% | -24.27M▼ 118.7% | -72.93M▼ 200.4% | -102.5M▼ 40.5% | -221M▼ 115.6% | -525M▼ 137.6% | -457.11M▲ 12.9% |
| Pretax Margin % | -1284.83% | -784.79% | -406.8% | -587.91% | -741.38% | - | -11883.25% | -644.57% |
| Income Tax | 15K | 44K | 131K | 331K | 617K | 1.68M | 1.33M | -3.9M |
| Effective Tax Rate % | -0.33% | -0.4% | -0.54% | -0.45% | -0.6% | -0.76% | -0.25% | 0.85% |
| Net Income | -4.44M▲ 0% | -10.88M▼ 145.3% | -24.06M▼ 121.0% | -30.55M▼ 27.0% | -31.64M▼ 3.6% | -87.56M▼ 176.7% | -300.08M▼ 242.7% | -341.94M▼ 13.9% |
| Net Margin % | -1246.63% | -769.8% | -403.23% | -246.3% | -228.86% | - | -6792.28% | -482.16% |
| Net Income Growth % | - | -145.27% | -121.05% | -26.98% | -3.56% | -176.74% | -242.71% | -13.95% |
| Net Income (Continuing) | -4.59M | -11.14M | -24.41M | -73.26M | -103.11M | -222.68M | -526.33M | -341.94M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 2.93M | 2.61M | 2.49M | 251.69M | 226.29M | 114.57M | 190.03M | 550.85M |
| EPS (Diluted) | -0.00▲ 0% | -0.10▼ 49900.0% | -0.47▼ 370.0% | -0.37▲ 21.3% | -0.58▼ 56.8% | -1.07▼ 84.5% | -1.94▼ 81.3% | -1.34▲ 30.9% |
| EPS Growth % | - | - | -370% | 21.28% | -56.76% | -84.48% | -81.31% | 30.93% |
| EPS (Basic) | -0.00 | -0.10 | -0.47 | -0.37 | -0.58 | -1.07 | -1.94 | -1.34 |
| Diluted Shares Outstanding | 25.95B | 28.75M | 51.73M | 51.73M | 54.44M | 81.82M | 154.5M | 255.98M |
| Basic Shares Outstanding | 25.95B | 28.75M | 51.73M | 51.73M | 54.44M | 81.82M | 154.5M | 255.98M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
AST SpaceMobile, Inc. (ASTS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 8.18M | 27.74M | 50.93M | 335.8M | 268.31M | 106.88M | 600.25M | 2.46B |
| Cash & Short-Term Investments | 7.12M | 26.5M | 42.78M | 321.79M | 238.59M | 85.62M | 564.99M | 2.34B |
| Cash Only | 7.12M | 26.5M | 42.78M | 321.79M | 238.59M | 85.62M | 564.99M | 2.34B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 451K | 328K | 2.08M | 2.17M | 1.67M | 1.15M | 0 | 486.93M |
| Days Sales Outstanding | 462.4 | 84.67 | 127.29 | 63.94 | 44.17 | - | - | 2.51K |
| Inventory | 32K | 182K | 2.59M | 1.41M | 0 | 0 | 0 | 12.01M |
| Days Inventory Outstanding | 71.66 | 69.63 | 312.63 | 68.14 | - | - | - | 132.68 |
| Other Current Assets | 69K | 286K | 2.23M | 7.6M | 1M | 15.52M | 27.37M | -376.11M |
| Total Non-Current Assets | 5.03M | 8.21M | 48.71M | 108.13M | 170.06M | 254.01M | 354.31M | 2.56B |
| Property, Plant & Equipment | 299K | 3.78M | 44.12M | 103.93M | 153.66M | 251.7M | 351.68M | 1.42B |
| Fixed Asset Turnover | 1.19x | 0.37x | 0.14x | 0.12x | 0.09x | - | 0.01x | 0.05x |
| Goodwill | 3.67M | 3.59M | 3.91M | 3.64M | 0 | 0 | 0 | 0 |
| Intangible Assets | 907K | 672K | 526K | 242K | 0 | 0 | 0 | 245.09M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 160K | 162K | 160K | 317K | 16.4M | 2.31M | 2.63M | 892.6M |
| Total Assets | 13.21M▲ 0% | 35.95M▲ 172.0% | 99.64M▲ 177.2% | 443.94M▲ 345.5% | 438.37M▼ 1.3% | 360.89M▼ 17.7% | 954.56M▲ 164.5% | 5.01B▲ 425.3% |
| Asset Turnover | 0.03x | 0.04x | 0.06x | 0.03x | 0.03x | - | 0.00x | 0.01x |
| Asset Growth % | - | 172.04% | 177.19% | 345.52% | -1.25% | -17.67% | 164.5% | 425.31% |
| Total Current Liabilities | 1.16M | 6.2M | 13.12M | 21.38M | 27.8M | 46.22M | 75.94M | 150.34M |
| Accounts Payable | 496K | 1.55M | 4.99M | 6.64M | 13.93M | 20.57M | 17M | 46.76M |
| Days Payables Outstanding | 1.11K | 593.79 | 602.1 | 320.36 | 757.24 | - | - | 516.73 |
| Short-Term Debt | 0 | 1.75M | 0 | 0 | 242K | 252K | 2.92M | 14.45M |
| Deferred Revenue (Current) | 0 | 0 | 3.4M | 6.64M | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 437K | 2.75M | 519K | 1.73M | 4.87M | 4.71M | 54.16M | 89.13M |
| Current Ratio | 7.07x | 4.47x | 3.88x | 15.71x | 9.65x | 2.31x | 7.90x | 16.35x |
| Quick Ratio | 7.04x | 4.45x | 3.69x | 15.64x | 9.65x | 2.31x | 7.90x | 16.27x |
| Cash Conversion Cycle | -576.62 | -439.49 | -162.17 | -188.28 | - | - | - | 2.12K |
| Total Non-Current Liabilities | 0 | 0 | 6.54M | 70.59M | 50.75M | 101.11M | 209.47M | 2.47B |
| Long-Term Debt | 0 | 0 | 0 | 5M | 4.76M | 59.25M | 155.57M | 17.48M |
| Capital Lease Obligations | 0 | 0 | 6.54M | 7.53M | 7.05M | 11.9M | 12.65M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 58.06M | 38.95M | 29.96M | 41.25M | 2.45B |
| Total Liabilities | 1.16M | 6.2M | 19.66M | 91.96M | 78.55M | 147.33M | 285.42M | 2.62B |
| Total Debt | 0 | 1.75M | 7.04M | 13.16M | 12.77M | 72.87M | 173M | 31.93M |
| Net Debt | -7.12M | -24.75M | -35.73M | -308.63M | -225.82M | -12.75M | -391.99M | -2.3B |
| Debt / Equity | - | 0.06x | 0.09x | 0.04x | 0.04x | 0.34x | 0.26x | 0.01x |
| Debt / EBITDA | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - |
| Interest Coverage | - | -22.49x | -2347.00x | - | -674.83x | -49.29x | -13.00x | -7.98x |
| Total Equity | 12.06M▲ 0% | 29.75M▲ 146.8% | 79.99M▲ 168.9% | 351.97M▲ 340.0% | 359.83M▲ 2.2% | 213.56M▼ 40.6% | 669.15M▲ 213.3% | 2.94B▲ 339.8% |
| Equity Growth % | - | 146.76% | 168.87% | 340.04% | 2.23% | -40.65% | 213.33% | 339.84% |
| Book Value per Share | 0.00 | 1.03 | 1.55 | 6.80 | 6.61 | 2.61 | 4.33 | 11.50 |
| Total Shareholders' Equity | 9.12M | 27.14M | 77.5M | 100.28M | 133.53M | 98.99M | 479.12M | 2.39B |
| Common Stock | 5.04M | 5.17M | 0 | 18K | 20K | 22K | 32K | 39K |
| Retained Earnings | -4.96M | -15.85M | -39.91M | -70.46M | -102.1M | -189.66M | -489.75M | -831.68M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -349K | -429K | -168K | -433K | 229K | 227K | -176K | 1.35M |
| Minority Interest | 2.93M | 2.61M | 2.49M | 251.69M | 226.29M | 114.57M | 190.03M | 550.85M |
AST SpaceMobile, Inc. (ASTS) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -5.35M | -904.97K | -22.81M | -80.09M | -156.46M | -148.94M | -126.14M | -71.52M |
| Operating CF Margin % | -1502.81% | -64% | -382.22% | -645.67% | -1131.75% | - | -2855.21% | -100.84% |
| Operating CF Growth % | - | 83.08% | -2420.2% | -251.19% | -95.35% | 4.81% | 15.31% | 43.3% |
| Net Income | -4.44M | -2.88M | -24.41M | -73.26M | -103.11M | -222.68M | -526.33M | -461.01M |
| Depreciation & Amortization | 32K | 188K | 887K | 2.91M | 4.71M | 54.47M | 63.34M | 51.11M |
| Stock-Based Compensation | 0 | 132K | 283K | 3.74M | 9.39M | 13.29M | 32.04M | 47.49M |
| Deferred Taxes | 0 | 3.61K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 388K | 1.84M | 219K | -15.19M | -43.02M | -7.72M | 283.02M | 290.89M |
| Working Capital Changes | -1.33M | 134.6K | 209K | 1.71M | -24.43M | 13.7M | 21.78M | 0 |
| Change in Receivables | -382K | 118K | -1.57M | -220K | 16.45M | -149K | 0 | -36.33M |
| Change in Inventory | 0 | -148K | -2.24M | 1.04M | -2.46M | 0 | 0 | -10.95M |
| Change in Payables | 0 | 240.14M | 0 | 0 | 0 | 0 | -6.26M | 32.25M |
| Cash from Investing | -1.47M | -230M | -30.4M | -54.79M | -31.35M | -118.81M | -174.13M | -1.54B |
| Capital Expenditures | -254K | -3.65M | -30.38M | -54.79M | -57.28M | -118.81M | -174.13M | -1.06B |
| CapEx % of Revenue | 71.35% | 258.42% | 509.15% | 441.69% | 414.35% | - | 3941.31% | 1501.37% |
| Acquisitions | -1.21M | 0 | 0 | 0 | 25.93M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 3.65M | -23K | 0 | 0 | 0 | 0 | -476.4M |
| Cash from Financing | 13.76M | 231.4M | 69.66M | 416.94M | 102.34M | 116.73M | 779.97M | 3.83B |
| Debt Issued (Net) | 0 | 0 | -1.65M | 49K | 230K | 63.26M | 96.25M | 0 |
| Equity Issued (Net) | 0 | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 6.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 13.76M | 231.4M | -8.52M | 416.89M | -2.66M | -11.16M | 131.77M | 3.83B |
| Net Change in Cash | 7.03M▲ 0% | -6.63M▼ 194.3% | 16.28M▲ 345.7% | 281.76M▲ 1630.8% | -85.28M▼ 130.3% | -151.16M▼ 77.2% | 479.44M▲ 417.2% | 2.21B▲ 361.5% |
| Free Cash Flow | -5.6M▲ 0% | -4.56M▲ 18.6% | -53.21M▼ 1067.2% | -134.89M▼ 153.5% | -213.75M▼ 58.5% | -267.75M▼ 25.3% | -300.27M▼ 12.1% | -1.14B▼ 278.4% |
| FCF Margin % | -1574.16% | -322.42% | -891.75% | -1087.36% | -1546.1% | - | -6796.51% | -1602.21% |
| FCF Growth % | - | 18.65% | -1067.17% | -153.49% | -58.46% | -25.26% | -12.15% | -278.41% |
| FCF per Share | -0.00 | -0.16 | -1.03 | -2.61 | -3.93 | -3.27 | -1.94 | -4.44 |
| FCF Conversion (FCF/Net Income) | 1.21x | 0.08x | 0.95x | 2.62x | 4.95x | 1.70x | 0.42x | 0.21x |
| Interest Paid | 0 | 0 | 25K | 13K | 224K | 3.24M | 11.99M | 0 |
| Taxes Paid | 0 | 0 | 134K | 186K | 684K | 492K | 1.67M | 0 |
AST SpaceMobile, Inc. (ASTS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -36.81% | -52.08% | -43.85% | -14.15% | -8.89% | -30.54% | -67.99% | -18.93% |
| Return on Invested Capital (ROIC) | -69.56% | -164.34% | -71.47% | -143.55% | -123.28% | -99.62% | -76.19% | -47.08% |
| Gross Margin | 54.21% | 32.53% | 49.3% | 39.03% | 51.44% | - | 100% | 53.42% |
| Net Margin | -1246.63% | -769.8% | -403.23% | -246.3% | -228.86% | - | -6792.28% | -482.16% |
| Debt / Equity | - | 0.06x | 0.09x | 0.04x | 0.04x | 0.34x | 0.26x | 0.01x |
| Interest Coverage | - | -22.49x | -2347.00x | - | -674.83x | -49.29x | -13.00x | -7.98x |
| FCF Conversion | 1.21x | 0.08x | 0.95x | 2.62x | 4.95x | 1.70x | 0.42x | 0.21x |
| Revenue Growth | - | 297.19% | 321.99% | 107.89% | 11.45% | -100% | - | 1505.21% |
AST SpaceMobile, Inc. (ASTS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 2, 2026·SEC
Feb 23, 2026·SEC
Feb 20, 2026·SEC
AST SpaceMobile, Inc. (ASTS) stock FAQ — growth, dividends, profitability & financials explained
AST SpaceMobile, Inc. (ASTS) reported $70.9M in revenue for fiscal year 2025. This represents a 19821% increase from $0.4M in 2018.
AST SpaceMobile, Inc. (ASTS) grew revenue by 1505.2% over the past year. This is strong growth.
AST SpaceMobile, Inc. (ASTS) reported a net loss of $341.9M for fiscal year 2025.
AST SpaceMobile, Inc. (ASTS) has a return on equity (ROE) of -18.9%. Negative ROE indicates the company is unprofitable.
AST SpaceMobile, Inc. (ASTS) had negative free cash flow of $1.14B in fiscal year 2025, likely due to heavy capital investments.
AST SpaceMobile, Inc. (ASTS) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
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