NASDAQ : ASTS
AST SpaceMobile, Inc. — Financial statements
Technology · Communication Equipment · United States
Last price 40.97 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 15.94B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
AST SpaceMobile, Inc. (ASTS) reported revenue of 115.30M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 115.30M | 70.92M | 4.42M | 13.82M | 12.40M | |
| Cost of Revenue | 70.43M | 35.22M | 6.71M | 7.56M | ||
| Gross Profit | 44.87M | 35.70M | 4.42M | 7.11M | 4.84M | |
| Selling, General & Admin | 163.61M | 101.68M | 61.57M | 41.60M | 48.33M | 35.64M |
| Research & Development | 287.57M | 170.62M | 122.27M | 126.30M | 99.83M | 53.04M |
| Operating Expenses | 517.90M | 323.42M | 247.18M | 222.37M | 152.88M | 91.59M |
| Operating Income | -473.03M | -287.71M | -242.76M | -222.37M | -145.76M | -86.75M |
| Interest Expense | -76.03M | -36.07M | -18.68M | -4.51M | -216.00K | |
| Interest & Investment Income | 87.72M | 49.23M | 14.16M | 7.19M | 2.85M | |
| Other Non Operating Income (Expenses) | -243.56M | -81.76M | -266.76M | -1.30M | 16.14M | 13.82M |
| EBT Excluding Unusual Items | -704.91M | -356.31M | -514.04M | -221.00M | -127.00M | -72.93M |
| Gain (Loss) on Sale of Investments | -800.00K | -800.00K | ||||
| Gain (Loss) on Sale of Assets | 24.50M | |||||
| Other Unusual Items | -100.00M | -100.00M | -10.96M | |||
| Pretax Income | -805.71M | -457.11M | -525.00M | -221.00M | -102.50M | -72.93M |
| Income Tax Expense | 5.27M | 3.90M | 1.33M | 1.68M | 617.00K | 331.00K |
| Earnings From Continuing Operations | -810.98M | -461.01M | -526.33M | -222.68M | -103.11M | -73.26M |
| Minority Interest in Earnings | 192.22M | 119.07M | 226.25M | 135.12M | 71.47M | 42.71M |
| Net Income | -618.76M | -341.94M | -300.08M | -87.56M | -31.64M | -30.55M |
| Preferred Dividends & Other Adjustments | -11.58M | |||||
| Net Income to Common | -618.76M | -341.94M | -300.08M | -87.56M | -31.64M | -18.97M |
| Shares Outstanding (Basic) | 286.88M | 255.98M | 154.50M | 81.82M | 54.44M | 51.73M |
| Shares Outstanding (Diluted) | 286.88M | 255.98M | 154.50M | 81.82M | 54.44M | 51.73M |
| EPS (Basic) | -2.16 | -1.34 | -1.94 | -1.07 | -0.58 | -0.37 |
| EPS (Diluted) | -2.16 | -1.34 | -1.94 | -1.07 | -0.58 | -0.37 |
| Free Cash Flow | -1.64B | -1.14B | -300.27M | -267.75M | -213.75M | -134.89M |
| Free Cash Flow Per Share | -5.71 | -4.44 | -1.94 | -3.27 | -3.93 | -2.61 |
| Gross Margin | 38.91% | 50.34% | 100.00% | 51.44% | 39.03% | |
| Operating Margin | -410.26% | -405.70% | -5,494.84% | -1,054.35% | -699.28% | |
| Profit Margin | -536.66% | -482.16% | -6,792.28% | -228.86% | -152.95% | |
| Free Cash Flow Margin | -1,420.69% | -1,602.21% | -6,796.51% | -1,546.10% | -1,087.36% | |
| EBITDA | -406.32M | -236.60M | -179.42M | -167.90M | -141.05M | -83.83M |
| D&A For EBITDA | 66.71M | 51.11M | 63.34M | 54.47M | 4.71M | 2.91M |
| EBIT | -473.03M | -287.71M | -242.76M | -222.37M | -145.76M | -86.75M |
| Revenue as Reported | 115.30M | 70.92M | 4.42M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.29B | 2.34B | 564.99M | 85.62M | 238.59M | 321.79M |
| Cash & Short-Term Investments | 2.29B | 2.34B | 564.99M | 85.62M | 238.59M | 321.79M |
| Accounts Receivable | 79.30M | 37.73M | 1.40M | 2.17M | ||
| Other Receivables | 1.67M | 1.58M | ||||
| Receivables | 79.30M | 37.73M | 1.40M | 1.67M | 3.75M | |
| Inventory | 28.42M | 12.01M | 1.06M | 1.41M | ||
| Prepaid Expenses | 16.73M | 11.96M | 7.89M | 4.59M | 4.10M | 2.83M |
| Restricted Cash | 6.18M | 877.00K | 2.55M | 2.48M | 668.00K | 2.75M |
| Other Current Assets | 74.74M | 60.26M | 22.36M | 14.19M | 23.28M | 3.27M |
| Total Current Assets | 2.49B | 2.46B | 600.25M | 106.88M | 268.31M | 335.80M |
| Property, Plant & Equipment | 2.09B | 1.42B | 351.68M | 251.70M | 153.66M | 103.93M |
| Goodwill | 3.64M | |||||
| Other Intangible Assets | 298.72M | 245.09M | ||||
| Other Long-Term Assets | 953.20M | 892.60M | 2.63M | 2.31M | 16.40M | 559.00K |
| Total Assets | 5.85B | 5.01B | 954.56M | 360.89M | 438.37M | 443.94M |
| Accounts Payable | 60.62M | 46.76M | 17.00M | 20.57M | 13.93M | 6.64M |
| Accrued Expenses | 58.95M | 27.64M | 5.39M | 10.41M | 8.03M | 4.48M |
| Current Portion of Long-Term Debt | 8.49M | 12.00M | 2.92M | 252.00K | 242.00K | |
| Current Portion of Leases | 3.75M | 2.45M | 1.86M | 1.47M | 722.00K | 634.00K |
| Current Unearned Revenue | 14.84M | 19.89M | 41.97M | 2.25M | 2.50M | 6.64M |
| Other Current Liabilities | 44.39M | 41.60M | 6.80M | 11.27M | 2.37M | 2.99M |
| Total Current Liabilities | 191.04M | 150.34M | 75.94M | 46.22M | 27.80M | 21.38M |
| Long-Term Debt | 2.96B | 2.21B | 155.57M | 59.25M | 4.76M | 5.00M |
| Long-Term Leases | 18.07M | 17.48M | 12.65M | 11.90M | 7.05M | 7.53M |
| Long-Term Unearned Revenue | 252.09M | 207.09M | ||||
| Other Long-Term Liabilities | 32.69M | 39.56M | 41.25M | 29.96M | 38.95M | 58.06M |
| Total Liabilities | 3.46B | 2.62B | 285.42M | 147.33M | 78.55M | 91.96M |
| Common Stock | 38.00K | 39.00K | 32.00K | 22.00K | 20.00K | 18.00K |
| Additional Paid-In Capital | 3.15B | 2.67B | 969.00M | 288.40M | 235.38M | 171.16M |
| Retained Earnings | -1.25B | -831.68M | -489.75M | -189.66M | -102.10M | -70.46M |
| Comprehensive Income & Other | 1.53M | 1.35M | -176.00K | 227.00K | 229.00K | -433.00K |
| Total Common Equity | 1.89B | 1.84B | 479.12M | 98.99M | 133.53M | 100.28M |
| Minority Interest | 503.56M | 550.85M | 190.03M | 114.57M | 226.29M | 251.69M |
| Shareholders' Equity | 2.40B | 2.39B | 669.15M | 213.56M | 359.83M | 351.97M |
| Total Liabilities & Equity | 5.85B | 5.01B | 954.56M | 360.89M | 438.37M | 443.94M |
| Total Debt | 2.99B | 2.24B | 173.00M | 72.87M | 12.77M | 13.16M |
| Net Cash (Debt) | -705.48M | 96.17M | 391.99M | 12.75M | 225.82M | 308.63M |
| Net Cash Per Share | -2.46 | 0.38 | 2.54 | 0.16 | 4.15 | 5.97 |
| Filing Date Shares Outstanding | 299.79M | 292.64M | 227.10M | 138.13M | 71.88M | 51.78M |
| Total Common Shares Outstanding | 299.73M | 285.45M | 208.17M | 90.16M | 71.82M | 51.73M |
| Working Capital | 2.30B | 2.31B | 524.30M | 60.66M | 240.51M | 314.43M |
| Book Value Per Share | 6.32 | 6.45 | 2.30 | 1.10 | 1.86 | 1.94 |
| Tangible Book Value | 1.60B | 1.60B | 479.12M | 98.99M | 133.53M | 96.64M |
| Tangible Book Value Per Share | 5.32 | 5.59 | 2.30 | 1.10 | 1.86 | 1.87 |
| Land | 1.93M | 1.93M | 1.35M | 1.35M | 1.35M | 1.35M |
| Buildings | 36.10M | 29.03M | 16.01M | 14.55M | 10.27M | |
| Machinery | 409.84M | 363.08M | 302.50M | 142.72M | 21.95M | 16.11M |
| Construction In Progress | 1.81B | 1.16B | 129.31M | 130.68M | 109.49M | 74.32M |
| Leasehold Improvements | 24.56M | 15.24M | 9.44M | 9.11M | 8.20M | 6.42M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -618.76M | -341.94M | -300.08M | -87.56M | -31.64M | -30.55M |
| Depreciation & Amortization | 66.71M | 51.11M | 63.34M | 54.47M | 4.71M | 2.91M |
| Other Amortization | 6.24M | 2.73M | 9.22M | 1.16M | ||
| Loss (Gain) From Sale of Assets | 6.66M | 4.61M | 2.22M | 110.00K | -24.24M | |
| Loss (Gain) on Equity Investments | 8.07M | 1.21M | ||||
| Stock-Based Compensation | 147.96M | 47.49M | 32.04M | 13.29M | 9.39M | 3.74M |
| Other Operating Activities | 132.50M | 53.59M | 45.34M | -144.10M | -90.25M | -57.90M |
| Change in Accounts Receivable | -79.12M | -36.33M | 380.00K | -1.78M | -1.99M | -220.00K |
| Change in Inventory | -27.09M | -10.95M | -1.06M | -2.46M | 1.04M | |
| Change in Accounts Payable | 57.13M | 32.25M | -6.26M | -149.00K | 18.44M | 2.09M |
| Change in Unearned Revenue | 200.38M | 161.52M | 41.97M | 2.40M | 3.57M | |
| Change in Other Net Operating Assets | -45.38M | -36.81M | -13.24M | 15.63M | -40.81M | -4.77M |
| Operating Cash Flow | -144.71M | -71.52M | -126.14M | -148.94M | -156.46M | -80.09M |
| Capital Expenditures | -1.49B | -1.06B | -174.13M | -118.81M | -57.28M | -54.79M |
| Divestitures | 25.93M | |||||
| Sale (Purchase) of Intangibles | -98.50M | -56.40M | ||||
| Other Investing Activities | -498.40M | -420.00M | ||||
| Investing Cash Flow | -2.09B | -1.54B | -174.13M | -118.81M | -31.35M | -54.79M |
| Long-Term Debt Issued | 2.61B | 145.00M | 63.50M | 230.00K | 49.00K | |
| Total Debt Issued | 3.20B | 2.61B | 145.00M | 63.50M | 230.00K | 49.00K |
| Long-Term Debt Repaid | -1.01B | -48.75M | -242.00K | |||
| Total Debt Repaid | -1.64B | -1.01B | -48.75M | -242.00K | ||
| Net Debt Issued (Repaid) | 1.56B | 1.60B | 96.25M | 63.26M | 230.00K | 49.00K |
| Issuance of Common Stock | 2.55B | 2.32B | 710.51M | 64.86M | 104.86M | 14.00K |
| Repurchase of Common Stock | -79.02M | -23.02M | -5.20M | -865.00K | ||
| Other Financing Activities | -13.61M | -70.96M | -21.59M | -10.53M | -2.75M | 416.88M |
| Financing Cash Flow | 4.02B | 3.83B | 779.97M | 116.73M | 102.34M | 416.94M |
| Foreign Exchange Rate Adjustments | -1.82M | -2.41M | -260.00K | -142.00K | 195.00K | -294.00K |
| Net Cash Flow | 1.78B | 2.21B | 479.44M | -151.16M | -85.28M | 281.76M |
| Free Cash Flow | -1.64B | -1.14B | -300.27M | -267.75M | -213.75M | -134.89M |
| Free Cash Flow Margin | -1,420.69% | -1,602.21% | -6,796.51% | -1,546.10% | -1,087.36% | |
| Free Cash Flow Per Share | -5.71 | -4.44 | -1.94 | -3.27 | -3.93 | -2.61 |
| Levered Free Cash Flow | -1.80B | -1.25B | -220.26M | -165.56M | -144.04M | -100.05M |
| Unlevered Free Cash Flow | -1.76B | -1.23B | -217.81M | -163.90M | -143.90M | -100.05M |
| Cash Interest Paid | 30.60M | 7.86M | 11.99M | 3.24M | 224.00K | 13.00K |
| Cash Income Tax Paid | 7.58M | 6.80M | 1.67M | 492.00K | 684.00K | 186.00K |
| Change in Working Capital | 105.92M | 109.69M | 21.78M | 13.70M | -24.43M | 1.71M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.94B | 20.40B | 4.23B | 543.37M | 343.23M | 410.74M |
| Enterprise Value | 16.65B | 20.30B | 4.12B | 641.36M | 362.55M | 318.70M |
| Last Close Price | 40.97 | 72.63 | 21.10 | 6.03 | 4.82 | 7.94 |
| PS Ratio | 138.29 | 287.62 | 956.83 | 24.83 | 33.11 | |
| PB Ratio | 6.48 | 8.53 | 6.32 | 2.54 | 0.95 | 1.17 |
| P/TBV Ratio | 9.99 | 12.78 | 8.82 | 5.49 | 2.57 | 4.25 |
| EV/Sales Ratio | 144.40 | 286.26 | 932.15 | 26.22 | 25.69 | |
| Debt / Equity Ratio | 1.25 | 0.94 | 0.26 | 0.34 | 0.04 | 0.04 |
| Net Debt / Equity Ratio | 0.29 | -0.04 | -0.59 | -0.06 | -0.63 | -0.88 |
| Net Debt / EBITDA Ratio | -1.74 | 0.41 | 2.19 | 0.08 | 1.60 | 3.68 |
| Net Debt / FCF Ratio | -0.43 | 0.09 | 1.30 | 0.05 | 1.06 | 2.29 |
| Asset Turnover | 0.03 | 0.02 | 0.01 | 0.03 | 0.05 | |
| Inventory Turnover | 5.39 | 3.78 | ||||
| Quick Ratio | 12.39 | 15.79 | 7.46 | 1.85 | 8.64 | 15.23 |
| Current Ratio | 13.05 | 16.35 | 7.90 | 2.31 | 9.65 | 15.71 |
| Return on Equity (ROE) | -45.62% | -30.12% | -119.25% | -77.67% | -28.97% | -33.92% |
| Return on Assets (ROA) | -7.64% | -6.02% | -23.07% | -34.78% | -20.65% | -19.95% |
| Return on Capital Employed (ROCE) | -8.40% | -5.90% | -27.60% | -70.70% | -35.50% | -20.50% |
| Earnings Yield | -5.26% | -1.68% | -7.10% | -16.11% | -9.22% | -7.44% |
| FCF Yield | -10.27% | -5.57% | -7.10% | -49.28% | -62.28% | -32.84% |
| Buyback Yield / Dilution | -39.67% | -65.68% | -88.82% | -50.31% | -5.23% | -840.47% |