AST SpaceMobile, Inc.

Communications Services, Nec

ASTSStrained3 of 9 basics passed

$50.97

-10.47%

Market cap $15.3B

$50.97

-10.47%

Market cap $15.3B

AST SpaceMobile Inc is currently designing, developing and manufacturing the constellation of BlueBird (BB) satellites and has begun launching its planned space-based Cellular Broadband network distributed through a constellation of low Earth orbit (LEO) satellites.

It is a $15.3B communication services company. Revenue grew 2256.9% over the last year, it currently loses money, and it holds more cash than debt.

Website: ast-science.com
Location: Midland, TX
Employees: 1 126
Sector: Communication Services

Moved -8.0% on Oct 9, 20262.0σ — unusual for this stock

Share price · 3 years

$3.61 → $50.97+1311.8%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $115M
Loss: spends more than it earns; -$619M
Free cash flow: cash left after running the business; -$1.64B
Net cash: more cash than debt; $128M
Shares: up 370% since 2022 — dilution; 256.0M
Volatility: beta vs the market — under 1 swings less; 2.87

Revenue, last 4 years

52-week range

Low $50.70$50.97High $133.09

Today's price is 0% of the way from the year's low to its high.

Valuation vs own history

P/S

132.5×

59%

P/B

6.4×

41%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Insider activity · 90 days

-$2.44Mnet selling

Purchases$619K

Sales$3.06M

Insiders trading, last 14d0 buy · 0 sell

Standing in Communication Services

Size$15.3Btop 59%
Revenue growth+72%top 5%
Net margin-537%top 100%
Return on equity-35%top 91%

Ranked against 23 Communication Services companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation, Growth, Profitability, Quality and Moat lag behind.

Valuation20

P/E vs own historyn/a · 10/25
FCF yield-10.7% · 0/25
P/S172.0x · 0/25
EV/EBITDAn/a · 10/25

Growth25

Revenue CAGR54.6% · 25/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growthn/a · 0/25

Profitability0

ROIC-15.1% · 0/25
ROE-35.1% · 0/25
Net margin-536.7% · 0/25
Operating margin-519.5% · 0/25

Health50

Altman Zn/a · 0/25
Current ratio13.05 · 25/25
Interest coverage-115.2x · 0/25
Net cash / debtNet cash · 25/25

Quality15

Piotroski F5/9 · 15/25
Beneish M7.32 · 0/25
FCF conversionn/a · 0/25
Margin stabilityσ 4317.0% · 0/25

Moat20

ROIC >12% years0/7 yrs · 0/25
Median gross margin50.3% · 20/25
FCF-positive years0/5 yrs · 0/25
Worst-year net marginworst -6792.3% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

Q3 2026Insiders
3 open-market insider purchases
~11K shares bought by insiders
FY2019Financial
First recorded profitable year
$656K net income
FY2019Financial
Best year on record
$656K net income

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$45 183 today — price return only

$70.9M revenue in FY2025

Revenue up 2256.9% year over year

1 126 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 2256.9% year over year
Net cash position after subtracting debt from cash

Watch-outs

Not profitable — 536.7% net margin
Negative free cash flow (-$1.6B)
Thin interest coverage (-115.2×)
Loss-making in 5 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

3 of 9 checks passed

Revenue growing — the company sells more than a year ago+2256.9% YoY
Profitable — makes more than it spends-$619M TTM
Profit growing — earnings are higher than last year-13.9% YoY
Generates cash — cash left after running and investing-$1.64B TTM
Debt under control — could handle its obligationsmore cash than debt
Established company — not a micro-cap — lower blow-up risk$15.3B market cap
Not printing shares — share count not ballooning — you keep your slice+370.2% shares over ~5y
Proven track record — years of profitability behind it2/7 profitable years
Financially stable — balance sheet not near distresshealth score 25/100
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsno data

Peer comparisonAST SpaceMobile, Inc. vs 6 largest communication services peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
ASTS this company	$15.3B	—	+2256.9%	-536.7%	Strained
VZ Verizon Communications	$173.7B	10.6	+1.4%	11.6%	Strained
TMUS T-Mobile US, Inc.	$159.6B	15.1	+9.7%	11.5%	Strained
T AT&T Inc.	$152.3B	7.1	+2.6%	16.9%	Strained
WBD Warner Bros. Discovery, Inc. Series A	$77.6B	106.6	-6.1%	-8.8%	Strained
CMCSA Comcast Corp	$73.4B	6.5	+0.6%	9.0%	Strained
ECHO EchoStar Corporation	$27.7B	—	-5.2%	-38.7%	Mixed

Head-to-head: ASTS vs VZ · ASTS vs TMUS · ASTS vs T

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Buy 9Hold 8Sell 2

Appendix · Financial records

The full statements behind this CV, FY2019–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $115M · net income -$619M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$115M

YoY 2256.9%

Net income (TTM)

-$619M

Margin -536.7%

Gross margin

39.2%

Operating margin

-519.5%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	—	0.0	0.0	—	0.0	0.1
Gross profit	—	0.0	0.0	—	—	0.0
Operating income (EBIT)	-0.0	-0.1	-0.1	-0.2	-0.2	-0.3
Net income	0.0	-0.0	-0.0	-0.1	-0.3	-0.3
EPS (diluted)	—	—	-0.58	-0.97	-1.94	-1.34

Cash flowFree cash flow -$1.64B · operating cash flow -$145M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

-$1.64B

Margin -1420.7%

Operating cash flow (TTM)

-$145M

FCF margin

-200.0%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	-0.0	-0.1	-0.2	-0.1	-0.1	-0.1
Capital expenditure	—	-0.0	-0.0	-0.1	-0.2	-1.1
Free cash flow	-0.0	-0.1	-0.2	-0.3	-0.3	-1.1
FCF margin	—	-767.2%	-1351.0%	—	-6796.5%	-1602.2%

Balance sheetAssets $5.01B · net cash $128M (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $5.01B of assets is financed

52%

48%

Liabilities $2.62B — borrowed moneyEquity $2.39B — owners' stake

Cash vs debt

Total debt $2.21B − cash $2.34B = net cash $128M

Cash on hand covers all debt.

Debt repayment

Not needed

Cash already covers all debt

Interest coverage

-115.2x

EBIT ÷ interest expense

ROE

-35.1%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.0	0.3	0.2	0.1	0.6	2.3
Total assets	0.2	0.4	0.4	0.4	1.0	5.0
Total liabilities	0.0	0.1	0.1	0.1	0.3	2.6
Total debt	—	0.0	0.0	0.1	0.2	2.2
Equity	0.0	0.4	0.4	0.2	0.7	2.4
Net debt	—	-0.3	-0.2	-0.0	-0.4	-0.1

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of ASTS on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $50.97 · market cap $15.3B.