Astrotech Corp Financials
This page shows Astrotech Corp (ASTC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Astrotech Corp has an operating margin of -1473.4%, meaning the company retains $-1473 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -781.2% the prior year.
Astrotech Corp's revenue declined 41.2% year-over-year, from $1.7M to $1.0M. This contraction results in a growth score of 0/100.
Astrotech Corp carries a low D/E ratio of 0.22, meaning only $0.22 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 8.97, Astrotech Corp holds $8.97 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Astrotech Corp generated -$13.0M in operating cash flow, capex of $833K consumed most of it, leaving -$13.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Astrotech Corp passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Astrotech Corp generates $0.94 in operating cash flow (-$13.0M OCF vs -$13.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Astrotech Corp generated $1.0M in revenue in fiscal year 2025. This represents a decrease of 41.2% from the prior year.
Astrotech Corp's EBITDA was -$13.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.7% from the prior year.
Astrotech Corp generated -$13.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 33.8% from the prior year.
Astrotech Corp reported -$13.8M in net income in fiscal year 2025. This represents a decrease of 18.7% from the prior year.
Astrotech Corp had 2M shares outstanding in fiscal year 2025. This represents an increase of 3.4% from the prior year.
Astrotech Corp's gross margin was 47.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.3 percentage points from the prior year.
Astrotech Corp's operating margin was -1473.4% in fiscal year 2025, reflecting core business profitability. This is down 692.2 percentage points from the prior year.
Astrotech Corp's net profit margin was -1385.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 698.8 percentage points from the prior year.
Astrotech Corp invested $8.1M in research and development in fiscal year 2025. This represents an increase of 19.9% from the prior year.
Astrotech Corp invested $833K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 43.9% from the prior year.
ASTC Income Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $148-100.0% | $297K-44.4% | $534K+104.6% | $261K+667.6% | $34K-32.0% | $50K-95.5% | $1.1M+162.4% | $425K |
| Cost of Revenue | $140-99.9% | $109K-63.3% | $297K+180.2% | $106K+324.0% | $25K-40.5% | $42K-92.8% | $583K+140.9% | $242K |
| Gross Profit | $8-100.0% | $188K-20.7% | $237K+52.9% | $155K+1622.2% | $9K+12.5% | $8K-98.5% | $532K+190.7% | $183K |
| R&D Expenses | $2K-99.9% | $1.9M-2.3% | $2.0M-18.4% | $2.4M+25.0% | $1.9M+14.1% | $1.7M+8.2% | $1.6M-15.7% | $1.9M |
| SG&A Expenses | $2K-99.9% | $1.8M-15.8% | $2.1M+3.7% | $2.0M+20.8% | $1.7M-7.9% | $1.8M-9.3% | $2.0M+22.8% | $1.6M |
| Operating Income | $4K+100.1% | -$3.5M+8.6% | -$3.9M+10.5% | -$4.3M-19.1% | -$3.6M-2.7% | -$3.5M-15.2% | -$3.1M+8.0% | -$3.3M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | N/A | N/A | $0 | $0 | N/A | N/A | $0 |
| Net Income | $4K+100.1% | -$3.5M+4.6% | -$3.6M+9.4% | -$4.0M-22.3% | -$3.3M-3.9% | -$3.2M-19.4% | -$2.6M+9.3% | -$2.9M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ASTC Balance Sheet
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $20K-99.9% | $23.2M-15.5% | $27.5M-11.3% | $31.0M-10.0% | $34.4M-14.3% | $40.2M-6.1% | $42.8M-4.0% | $44.6M |
| Current Assets | $14K-99.9% | $18.2M-26.0% | $24.6M-12.7% | $28.2M-10.9% | $31.6M-15.7% | $37.5M-6.4% | $40.1M-4.2% | $41.8M |
| Cash & Equivalents | N/A | N/A | N/A | $21.5M | N/A | $26.2M0.0% | $26.2M+1.2% | $25.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $133-100.0% | $354K-31.4% | $516K+51.8% | $340K+273.6% | $91K-54.7% | $201K-31.6% | $294K-24.8% | $391K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $4K-99.9% | $4.2M+51.6% | $2.7M-5.7% | $2.9M+21.7% | $2.4M-9.3% | $2.6M+2.9% | $2.6M+1.7% | $2.5M |
| Current Liabilities | $2K-99.9% | $1.9M-25.4% | $2.5M-5.0% | $2.6M+23.3% | $2.1M-13.0% | $2.4M+5.7% | $2.3M+2.9% | $2.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $16K-99.9% | $19.1M-22.9% | $24.8M-11.9% | $28.1M-12.4% | $32.1M-14.7% | $37.6M-6.7% | $40.3M-4.4% | $42.1M |
| Retained Earnings | $258K+100.1% | -$254.3M-2.6% | -$247.9M-1.5% | -$244.3M-1.7% | -$240.3M-2.7% | -$234.1M-1.4% | -$230.9M-1.2% | -$228.3M |
ASTC Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7K+100.2% | -$3.9M-1.9% | -$3.9M-26.8% | -$3.0M+17.4% | -$3.7M-57.4% | -$2.3M-30.1% | -$1.8M+41.0% | -$3.0M |
| Capital Expenditures | $859-99.8% | $448K+1759.3% | -$27K-108.5% | $319K+65.3% | $193K+9.7% | $176K+15.0% | $153K+537.5% | $24K |
| Free Cash Flow | $7K+100.2% | -$4.4M-12.8% | -$3.9M-15.6% | -$3.4M+13.3% | -$3.9M-54.1% | -$2.5M-28.9% | -$2.0M+36.5% | -$3.1M |
| Investing Cash Flow | $8K-99.8% | $3.5M-2.0% | $3.6M+1386.7% | -$279K-44.6% | -$193K-9.7% | -$176K-18.1% | -$149K-107.5% | $2.0M |
| Financing Cash Flow | $54+100.2% | -$36K+53.8% | -$78K-129.4% | -$34K+24.4% | -$45K+50.5% | -$91K-102.2% | -$45K0.0% | -$45K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | $0 | N/A | N/A | $50K | N/A |
ASTC Financial Ratios
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.4%-57.9pp | 63.3%+18.9pp | 44.4%-15.0pp | 59.4%+32.9pp | 26.5%+10.5pp | 16.0%-31.7pp | 47.7%+4.7pp | 43.1% |
| Operating Margin | 2635.8%+3826.4pp | -1190.6%-466.4pp | -724.2%+931.4pp | -1655.6%+9015.0pp | -10670.6%-3604.6pp | -7066.0%-6790.8pp | -275.2%+509.6pp | -784.7% |
| Net Margin | 2653.4%+3820.0pp | -1166.7%-486.3pp | -680.3%+855.7pp | -1536.0%+8105.2pp | -9641.2%-3333.2pp | -6308.0%-6071.1pp | -236.9%+448.3pp | -685.2% |
| Return on Equity | 25.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 19.9%+34.9pp | -14.9%-1.7pp | -13.2%-0.3pp | -12.9%-3.4pp | -9.5%-1.7pp | -7.8%-1.7pp | -6.2%+0.3pp | -6.5% |
| Current Ratio | 7.56-2.2 | 9.79-0.1 | 9.86-0.9 | 10.74-4.1 | 14.86-0.5 | 15.34-2.0 | 17.31-1.3 | 18.61 |
| Debt-to-Equity | 0.27+0.1 | 0.22+0.1 | 0.110.0 | 0.10+0.0 | 0.070.0 | 0.070.0 | 0.060.0 | 0.06 |
| FCF Margin | 4473.0%+5949.1pp | -1476.1%-748.0pp | -728.1%+560.4pp | -1288.5%+10120.3pp | -11408.8%-6372.8pp | -5036.0%-4860.8pp | -175.2%+548.1pp | -723.3% |
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Frequently Asked Questions
What is Astrotech Corp's annual revenue?
Astrotech Corp (ASTC) reported $1.0M in total revenue for fiscal year 2025. This represents a -41.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Astrotech Corp's revenue growing?
Astrotech Corp (ASTC) revenue declined by 41.2% year-over-year, from $1.7M to $1.0M in fiscal year 2025.
Is Astrotech Corp profitable?
No, Astrotech Corp (ASTC) reported a net income of -$13.8M in fiscal year 2025, with a net profit margin of -1385.0%.
What is Astrotech Corp's EBITDA?
Astrotech Corp (ASTC) had EBITDA of -$13.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Astrotech Corp's gross margin?
Astrotech Corp (ASTC) had a gross margin of 47.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Astrotech Corp's operating margin?
Astrotech Corp (ASTC) had an operating margin of -1473.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Astrotech Corp's net profit margin?
Astrotech Corp (ASTC) had a net profit margin of -1385.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Astrotech Corp's free cash flow?
Astrotech Corp (ASTC) generated -$13.8M in free cash flow during fiscal year 2025. This represents a -33.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Astrotech Corp's operating cash flow?
Astrotech Corp (ASTC) generated -$13.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Astrotech Corp's total assets?
Astrotech Corp (ASTC) had $27.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Astrotech Corp's capital expenditures?
Astrotech Corp (ASTC) invested $833K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Astrotech Corp spend on research and development?
Astrotech Corp (ASTC) invested $8.1M in research and development during fiscal year 2025.
How many shares does Astrotech Corp have outstanding?
Astrotech Corp (ASTC) had 2M shares outstanding as of fiscal year 2025.
What is Astrotech Corp's current ratio?
Astrotech Corp (ASTC) had a current ratio of 8.97 as of fiscal year 2025, which is generally considered healthy.
What is Astrotech Corp's debt-to-equity ratio?
Astrotech Corp (ASTC) had a debt-to-equity ratio of 0.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Astrotech Corp's return on assets (ROA)?
Astrotech Corp (ASTC) had a return on assets of -51.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Astrotech Corp's Piotroski F-Score?
Astrotech Corp (ASTC) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Astrotech Corp's earnings high quality?
Astrotech Corp (ASTC) has an earnings quality ratio of 0.94x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Astrotech Corp?
Astrotech Corp (ASTC) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.