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ASTS logoAST SpaceMobile, Inc.(ASTS)Earnings, Financials & Key Ratios

ASTS•NASDAQ
$63.87
$18.69B mkt cap·Price updated May 6, 2026
SectorTechnologyIndustryCommunication EquipmentSub-IndustrySatellite Communications Equipment
AboutAST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.Show more
  • Revenue$71M+1505.2%
  • EBITDA-$237M-31.9%
  • Net Income-$342M-13.9%
  • EPS (Diluted)-1.34+30.9%
  • Gross Margin53.42%-46.6%
  • EBITDA Margin-333.63%+91.8%
  • Operating Margin-405.7%+92.6%
  • Net Margin-482.16%+92.9%
  • ROE-18.93%+72.2%
  • ROIC-47.08%+38.2%
  • Debt/Equity0.01-95.8%
  • Interest Coverage-7.98+38.6%
Analysis→Technical→

ASTS Key Insights

AST SpaceMobile, Inc. (ASTS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y sales CAGR of 64.1%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 65.7% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ASTS Price & Volume

AST SpaceMobile, Inc. (ASTS) stock price & volume — 10-year historical chart

Loading chart...

ASTS Growth Metrics

AST SpaceMobile, Inc. (ASTS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years64.06%
3 Years72.46%
TTM1505.21%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-13.95%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM31.28%

Return on Capital

10 Years-38.8%
5 Years-35.99%
3 Years-37.34%
Last Year-10.02%

ASTS Recent Earnings

AST SpaceMobile, Inc. (ASTS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 1/12 qtrs (13%)
Q2 2026Latest
Mar 2, 2026
EPS
$0.26
Est $0.18
-44.4%
Revenue
$54M
Est $42M
+30.0%
Q4 2025
Nov 10, 2025
EPS
$0.45
Est $0.39
-15.9%
Revenue
$15M
Est $22M
-33.1%
Q3 2025
Aug 11, 2025
EPS
$0.41
Est $0.19
-113.9%
Revenue
$1M
Est $7M
-82.7%
Q2 2025
May 12, 2025
EPS
$0.20
Est $0.19
-3.1%
Revenue
$718,000
Est $4M
-82.2%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 2, 2026
$0.26vs $0.18-44.4%
$54Mvs $42M+30.0%
Q4 2025Nov 10, 2025
$0.45vs $0.39-15.9%
$15Mvs $22M-33.1%
Q3 2025Aug 11, 2025
$0.41vs $0.19-113.9%
$1Mvs $7M-82.7%
Q2 2025May 12, 2025
$0.20vs $0.19-3.1%
$718,000vs $4M-82.2%
Based on last 12 quarters of dataView full earnings history →

ASTS Peer Comparison

AST SpaceMobile, Inc. (ASTS) competitors in Satellite Communications Equipment — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
GSAT logoGSATGlobalstar, Inc.Direct Competitor10.38B81.88-138.7911.86%-19.04%-13.68%1.72%1.51
IRDM logoIRDMIridium Communications Inc.Direct Competitor4.15B39.2337.004.93%12.05%22.76%7.23%3.81
VSAT logoVSATViasat, Inc.Direct Competitor8.54B65.57-14.645.5%-4.02%-4%1.62
SPCE logoSPCEVirgin Galactic Holdings, Inc.Direct Competitor154.77M2.45-0.183.47%-176.16%-129.53%1.30
TMUS logoTMUST-Mobile US, Inc.Product Competitor210.32B194.3519.998.49%11.65%17.82%4.92%2.07
VZ logoVZVerizon Communications Inc.Product Competitor199.66B47.3411.662.52%12.43%16.42%10.08%1.90
T logoTAT&T Inc.Product Competitor181.06B25.938.532.71%16.92%16.85%10.74%1.35
RKLB logoRKLBRocket Lab USA, Inc.Supply Chain45.35B78.76-212.8637.96%-32.94%-19.23%0.15

Compare ASTS vs Peers

AST SpaceMobile, Inc. (ASTS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GSAT

Most directly comparable listed peer for ASTS.

Scale Benchmark

vs SPIR

Larger-name benchmark to compare ASTS against a more recognizable public peer.

Peer Set

Compare Top 5

vs GSAT, IRDM, VSAT, SPCE

ASTS Income Statement

AST SpaceMobile, Inc. (ASTS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue356K1.41M5.97M12.4M13.82M04.42M70.92M
Revenue Growth %-297.19%321.99%107.89%11.45%-100%-1505.21%
Cost of Goods Sold163K954K3.02M7.56M6.71M0033.03M
COGS % of Revenue45.79%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 Expenses4.77M11.35M26.41M88.67M152.88M222.37M247.18M325.6M
OpEx % of Revenue1340.17%802.55%442.63%714.83%1105.79%-5594.84%459.12%
Selling, General & Admin2.46M5.4M12.32M35.64M48.33M41.6M61.57M101.68M
SG&A % of Revenue691.29%382.18%206.47%287.27%349.6%-1393.53%143.38%
Research & Development2.28M5.94M14.09M53.04M99.83M126.3M122.27M28.11M
R&D % of Revenue640.17%420.37%236.17%427.56%722.11%-2767.63%39.64%
Other Operating Expenses00004.71M54.47M63.34M195.81M
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)32K188K887K2.91M4.71M54.47M63.34M51.11M
EBIT-4.58M-11.06M-24.36M-86.75M-102.28M-216.49M-506.32M-421.04M
Net Interest Income0713.61K61K02.63M2.67M-4.52M-36.07M
Interest Income4K1.2M71K02.85M7.19M14.16M0
Interest Expense0484.02K10K0216K4.51M18.68M36.07M
Other Income/Expense5K-209K-804K10.9M43.27M1.37M-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 Tax15K44K131K331K617K1.68M1.33M-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 Operations00000000
Minority Interest2.93M2.61M2.49M251.69M226.29M114.57M190.03M550.85M
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 Outstanding25.95B28.75M51.73M51.73M54.44M81.82M154.5M255.98M
Basic Shares Outstanding25.95B28.75M51.73M51.73M54.44M81.82M154.5M255.98M
Dividend Payout Ratio--------

ASTS Balance Sheet

AST SpaceMobile, Inc. (ASTS) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets8.18M27.74M50.93M335.8M268.31M106.88M600.25M2.46B
Cash & Short-Term Investments7.12M26.5M42.78M321.79M238.59M85.62M564.99M2.34B
Cash Only7.12M26.5M42.78M321.79M238.59M85.62M564.99M2.34B
Short-Term Investments00000000
Accounts Receivable451K328K2.08M2.17M1.67M1.15M0486.93M
Days Sales Outstanding462.484.67127.2963.9444.17--2.51K
Inventory32K182K2.59M1.41M00012.01M
Days Inventory Outstanding71.6669.63312.6368.14---132.68
Other Current Assets69K286K2.23M7.6M1M15.52M27.37M-376.11M
Total Non-Current Assets5.03M8.21M48.71M108.13M170.06M254.01M354.31M2.56B
Property, Plant & Equipment299K3.78M44.12M103.93M153.66M251.7M351.68M1.42B
Fixed Asset Turnover1.19x0.37x0.14x0.12x0.09x-0.01x0.05x
Goodwill3.67M3.59M3.91M3.64M0000
Intangible Assets907K672K526K242K000245.09M
Long-Term Investments00000000
Other Non-Current Assets160K162K160K317K16.4M2.31M2.63M892.6M
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 Turnover0.03x0.04x0.06x0.03x0.03x-0.00x0.01x
Asset Growth %-172.04%177.19%345.52%-1.25%-17.67%164.5%425.31%
Total Current Liabilities1.16M6.2M13.12M21.38M27.8M46.22M75.94M150.34M
Accounts Payable496K1.55M4.99M6.64M13.93M20.57M17M46.76M
Days Payables Outstanding1.11K593.79602.1320.36757.24--516.73
Short-Term Debt01.75M00242K252K2.92M14.45M
Deferred Revenue (Current)003.4M6.64M0000
Other Current Liabilities437K2.75M519K1.73M4.87M4.71M54.16M89.13M
Current Ratio7.07x4.47x3.88x15.71x9.65x2.31x7.90x16.35x
Quick Ratio7.04x4.45x3.69x15.64x9.65x2.31x7.90x16.27x
Cash Conversion Cycle-576.62-439.49-162.17-188.28---2.12K
Total Non-Current Liabilities006.54M70.59M50.75M101.11M209.47M2.47B
Long-Term Debt0005M4.76M59.25M155.57M17.48M
Capital Lease Obligations006.54M7.53M7.05M11.9M12.65M0
Deferred Tax Liabilities00000000
Other Non-Current Liabilities00058.06M38.95M29.96M41.25M2.45B
Total Liabilities1.16M6.2M19.66M91.96M78.55M147.33M285.42M2.62B
Total Debt01.75M7.04M13.16M12.77M72.87M173M31.93M
Net Debt-7.12M-24.75M-35.73M-308.63M-225.82M-12.75M-391.99M-2.3B
Debt / Equity-0.06x0.09x0.04x0.04x0.34x0.26x0.01x
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 Share0.001.031.556.806.612.614.3311.50
Total Shareholders' Equity9.12M27.14M77.5M100.28M133.53M98.99M479.12M2.39B
Common Stock5.04M5.17M018K20K22K32K39K
Retained Earnings-4.96M-15.85M-39.91M-70.46M-102.1M-189.66M-489.75M-831.68M
Treasury Stock00000000
Accumulated OCI-349K-429K-168K-433K229K227K-176K1.35M
Minority Interest2.93M2.61M2.49M251.69M226.29M114.57M190.03M550.85M

ASTS Cash Flow Statement

AST SpaceMobile, Inc. (ASTS) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'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 & Amortization32K188K887K2.91M4.71M54.47M63.34M51.11M
Stock-Based Compensation0132K283K3.74M9.39M13.29M32.04M47.49M
Deferred Taxes03.61K000000
Other Non-Cash Items388K1.84M219K-15.19M-43.02M-7.72M283.02M290.89M
Working Capital Changes-1.33M134.6K209K1.71M-24.43M13.7M21.78M0
Change in Receivables-382K118K-1.57M-220K16.45M-149K0-36.33M
Change in Inventory0-148K-2.24M1.04M-2.46M00-10.95M
Change in Payables0240.14M0000-6.26M32.25M
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 Revenue71.35%258.42%509.15%441.69%414.35%-3941.31%1501.37%
Acquisitions-1.21M00025.93M000
Investments--------
Other Investing03.65M-23K0000-476.4M
Cash from Financing13.76M231.4M69.66M416.94M102.34M116.73M779.97M3.83B
Debt Issued (Net)00-1.65M49K230K63.26M96.25M0
Equity Issued (Net)001000K01000K1000K1000K0
Dividends Paid00000000
Share Repurchases06.1M000000
Other Financing13.76M231.4M-8.52M416.89M-2.66M-11.16M131.77M3.83B
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)1.21x0.08x0.95x2.62x4.95x1.70x0.42x0.21x
Interest Paid0025K13K224K3.24M11.99M0
Taxes Paid00134K186K684K492K1.67M0

ASTS Key Ratios

AST SpaceMobile, Inc. (ASTS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025
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 Margin54.21%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-0.06x0.09x0.04x0.04x0.34x0.26x0.01x
Interest Coverage--22.49x-2347.00x--674.83x-49.29x-13.00x-7.98x
FCF Conversion1.21x0.08x0.95x2.62x4.95x1.70x0.42x0.21x
Revenue Growth-297.19%321.99%107.89%11.45%-100%-1505.21%

ASTS SEC Filings & Documents

AST SpaceMobile, Inc. (ASTS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 2, 2026·SEC

Material company update

Feb 23, 2026·SEC

Material company update

Feb 20, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 2, 2026·SEC

FY 2025

Mar 3, 2025·SEC

10-Q Quarterly Reports

4
FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 11, 2025·SEC

FY 2025

May 12, 2025·SEC

ASTS Frequently Asked Questions

AST SpaceMobile, Inc. (ASTS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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.

Dividend & Returns

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.

Explore More ASTS

AST SpaceMobile, Inc. (ASTS) financial analysis — history, returns, DCA and operating performance tools

Full ASTS Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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