Astrotech Corp Financials
Astrotech Corp (ASTC) reported $1.0M in revenue for fiscal year 2025, down 41.2% from the prior fiscal year. This page shows its 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).
Development-stage spending is consuming liquidity faster than gross-profit growth can absorb costs, leaving shrinking liquidity despite improving margins.
The margin expansion from44.2% in FY2024 to47.5% in FY2025 did not translate into better operating economics. FY2025 revenue was only$1M against$8.1M of R&D, and the operating loss widened, showing that commercial scale remains too small to carry the development cost base.
Cash conversion is close to the reported loss: operating cash flow was
Cash liquidity fell from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Astrotech Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Astrotech Corp's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 21/100.
Astrotech Corp's revenue declined 41.2% year-over-year, from $1.7M to $1.0M. This contraction results in a growth score of 2/100.
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 73/100, 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 96/100.
Astrotech Corp's reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 2/100.
Astrotech Corp posts a -62.7% return on equity (ROE), meaning it loses $63 for every $100 of shareholders' equity. This results in a returns score of 29/100. This is down from -33.5% the prior year.
Astrotech Corp scores -12.07, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($15.0M) relative to total liabilities ($4.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Astrotech Corp passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Astrotech Corp reported a net loss of $13.8M while operations used $13.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
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 reported -$13.8M in net income in fiscal year 2025. This represents a decrease of 18.7% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Astrotech Corp recorded an outflow of $13.8M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 33.8% from the prior year.
Astrotech Corp held $3.1M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
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 ROE was -62.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 29.2 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
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.
Not reported for fiscal year 2025.
ASTC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $959K | $1.0M-41.2% | $1.7M+126.7% | $750K-13.7% | $869K+160.2% | $334K-31.6% | $488K+284.3% | $127K+47.7% | $86K-96.3% | $2.3M-12.8% | $2.7M+420.7% | $513K+294.6% | $130K-99.5% | $24.0M-8.2% | $26.1M+29.7% | $20.1M |
| Cost of Revenue | $671K | $574K-37.1% | $913K+105.6% | $444K-34.4% | $677K+127.2% | $298K-33.6% | $449K+398.9% | $90K+150.0% | $36K-97.2% | $1.3M-44.6% | $2.3M+450.0% | $424K | $0-100.0% | $15.7M-16.5% | $18.8M+37.5% | $13.7M |
| Gross Profit | $337K | $475K-36.8% | $751K+145.4% | $306K+59.4% | $192K+433.3% | $36K-7.7% | $39K+5.4% | $37K-26.0% | $50K-95.2% | $1.0M+205.3% | $339K+280.9% | $89K-31.5% | $130K-98.4% | $8.3M+13.1% | $7.3M+13.4% | $6.5M |
| R&D Expenses | $7.0M | $8.1M+19.9% | $6.8M+21.4% | $5.6M+101.0% | $2.8M+3.3% | $2.7M-21.7% | $3.4M-3.9% | $3.6M-41.0% | $6.1M+8.6% | $5.6M-13.6% | $6.5M+100.0% | $3.2M+29.1% | $2.5M+20.4% | $2.1M-19.1% | $2.6M-32.9% | $3.8M |
| SG&A Expenses | $7.2M | $7.1M-2.4% | $7.2M+25.4% | $5.8M-3.8% | $6.0M+26.7% | $4.7M+0.5% | $4.7M-3.3% | $4.9M-13.4% | $5.6M-25.0% | $7.5M-2.6% | $7.7M-40.6% | $13.0M+59.9% | $8.1M+19.4% | $6.8M-3.9% | $7.1M-15.9% | $8.4M |
| Operating Income | -$13.8M | -$14.7M-10.9% | -$13.3M-20.1% | -$11.1M-28.7% | -$8.6M-8.7% | -$7.9M+2.5% | -$8.1M+3.6% | -$8.4M+36.9% | -$13.3M-10.6% | -$12.1M+12.8% | -$13.8M+14.1% | -$16.1M-53.7% | -$10.5M-1775.5% | -$559K+75.6% | -$2.3M+60.2% | -$5.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $63K-75.4% | $256K | N/A | N/A | N/A |
| Income Tax | N/A | $2K0.0% | $2K | $0 | $0 | $0 | $0+100.0% | -$858K | $0-100.0% | $2K+108.0% | -$25K+99.6% | -$5.9M-43.2% | -$4.1M | $0-100.0% | $17K+132.1% | -$53K |
| Net Income | -$14.1M | -$13.8M-18.7% | -$11.7M-21.0% | -$9.6M-15.8% | -$8.3M-9.6% | -$7.6M+8.5% | -$8.3M-10.3% | -$7.5M+43.1% | -$13.3M-14.4% | -$11.6M+11.6% | -$13.1M-221.5% | $10.8M+317.3% | -$5.0M-2581.1% | -$185K+93.2% | -$2.7M+45.6% | -$5.0M |
| EPS (Diluted) | — | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0.25+2400.0% | $0.01+106.7% | -$0.15+46.4% | -$0.28 |
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ASTC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $27.0M-28.3% | $37.6M-21.0% | $47.7M-15.2% | $56.2M-14.3% | $65.6M+1006.8% | $5.9M+60.6% | $3.7M-28.2% | $5.1M-72.7% | $18.8M-38.3% | $30.5M-31.0% | $44.2M+8.4% | $40.8M-15.0% | $48.0M-4.1% | $50.0M-13.1% | $57.6M |
| Current Assets | $22.0M-36.7% | $34.7M-22.3% | $44.7M-18.6% | $55.0M-15.6% | $65.1M+1293.6% | $4.7M+71.6% | $2.7M-36.3% | $4.3M-68.7% | $13.7M-40.4% | $22.9M-29.7% | $32.6M+473.4% | $5.7M-47.9% | $10.9M-14.0% | $12.7M-31.0% | $18.4M |
| Cash & Equivalents | $3.1M-85.6% | $21.5M-23.1% | $27.9M+6.7% | $26.2M-27.2% | $35.9M+973.0% | $3.3M+110.9% | $1.6M+187.7% | $552K-74.7% | $2.2M-50.4% | $4.4M+88.8% | $2.3M-39.2% | $3.8M-24.8% | $5.1M-49.9% | $10.2M-32.1% | $15.0M |
| Inventory | N/A | N/A | N/A | N/A | $297K+33.8% | $222K | N/A | $7K-95.8% | $166K-66.5% | $496K-2.6% | $509K | $0 | N/A | N/A | N/A |
| Accounts Receivable | $485K+529.9% | $77K-65.8% | $225K+301.8% | $56K+1020.0% | $5K-95.0% | $101K+3266.7% | $3K-75.0% | $12K-91.8% | $146K-6.4% | $156K-21.2% | $198K+235.6% | $59K-98.9% | $5.3M+176.1% | $1.9M-20.7% | $2.4M |
| Total Liabilities | $4.9M+72.6% | $2.8M-4.2% | $3.0M-1.0% | $3.0M-32.6% | $4.4M-16.6% | $5.3M+439.1% | $984K-14.3% | $1.1M-44.4% | $2.1M+8.9% | $1.9M-23.9% | $2.5M-76.2% | $10.5M-16.3% | $12.5M-10.0% | $13.9M-30.6% | $20.1M |
| Current Liabilities | $2.5M-3.0% | $2.5M-5.1% | $2.7M-0.6% | $2.7M-36.3% | $4.2M-3.2% | $4.3M+419.1% | $838K-12.7% | $960K-46.9% | $1.8M+0.5% | $1.8M-24.7% | $2.4M-76.3% | $10.1M+52.7% | $6.6M-16.1% | $7.9M-41.1% | $13.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | N/A | $5.7M-6.4% | $6.0M-5.9% | $6.4M |
| Total Equity | $22.1M-36.5% | $34.8M-22.2% | $44.7M-16.0% | $53.2M-13.0% | $61.2M+9693.1% | $625K-76.9% | $2.7M-32.2% | $4.0M-76.2% | $16.8M-41.5% | $28.7M-30.8% | $41.4M+45.4% | $28.5M-19.7% | $35.5M-1.8% | $36.1M-3.8% | $37.6M |
| Retained Earnings | -$250.9M-5.8% | -$237.0M-5.2% | -$225.4M-4.5% | -$215.7M-4.0% | -$207.4M-3.8% | -$199.8M-4.2% | -$191.7M-4.1% | -$184.2M-7.8% | -$170.9M-7.4% | -$159.1M-9.0% | -$146.0M+6.9% | -$156.8M-3.3% | -$151.8M-0.1% | -$151.7M-1.8% | -$148.9M |
Not reported in any period shown, so not listed: Goodwill.
ASTC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$13.5M | -$13.0M-33.2% | -$9.7M-27.5% | -$7.6M-12.3% | -$6.8M+8.2% | -$7.4M-6.7% | -$6.9M+18.2% | -$8.5M+21.4% | -$10.8M-22.3% | -$8.8M+33.8% | -$13.3M-22.7% | -$10.9M-1867.0% | -$552K+81.0% | -$2.9M+29.4% | -$4.1M-144.5% | $9.2M |
| Capital Expenditures | $1.2M | $833K+43.9% | $579K-68.6% | $1.8M+209.4% | $596K+182.5% | $211K | $0 | $0-100.0% | $19K-96.2% | $499K-38.3% | $809K-64.3% | $2.3M+1412.0% | $150K-91.9% | $1.8M+47.5% | $1.3M+61.3% | $776K |
| Free Cash Flow | -$14.7M | -$13.8M-33.8% | -$10.3M-8.8% | -$9.5M-28.2% | -$7.4M+2.9% | -$7.6M-9.8% | -$6.9M+18.2% | -$8.5M+21.5% | -$10.8M-15.9% | -$9.3M+34.1% | -$14.1M-7.7% | -$13.1M-1769.8% | -$702K+85.2% | -$4.7M+11.4% | -$5.4M-163.4% | $8.5M |
| Investing Cash Flow | $13.5M | $5.8M-5.6% | $6.1M+259.7% | -$3.8M-545.0% | -$596K+97.8% | -$27.6M | $0-100.0% | $3.6M-60.7% | $9.2M+16.2% | $7.9M-49.3% | $15.5M-19.3% | $19.2M+5329.3% | -$368K+80.1% | -$1.8M-47.5% | -$1.3M-61.3% | -$776K |
| Financing Cash Flow | -$108K | -$185K-2.2% | -$181K+76.7% | -$776K+63.0% | -$2.1M-103.1% | $67.6M+677.4% | $8.7M+47.0% | $5.9M+84585.7% | -$7K+99.5% | -$1.3M-810.7% | -$140K+98.6% | -$9.9M-2765.8% | -$345K-3.9% | -$332K-161.0% | $544K+135.1% | -$1.5M |
| Share Buybacks | N/A | N/A | $0-100.0% | $119K | $0 | N/A | $0-100.0% | $1K-85.7% | $7K-99.5% | $1.3M+728.8% | $156K-93.6% | $2.4M | $0 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ASTC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.5%+3.3pp | 44.2%+3.4pp | 40.8%+18.7pp | 22.1%+11.3pp | 10.8%+2.8pp | 8.0%-21.1pp | 29.1%-29.0pp | 58.1%+13.7pp | 44.5%+31.8pp | 12.7%-4.7pp | 17.3%-82.7pp | 100.0%+65.4pp | 34.6%+6.5pp | 28.1%-4.1pp | 32.2% |
| Operating Margin | -1473.4% | -781.2% | -1474.7% | -989.1% | -2368.3% | -1662.7% | -6627.6% | -15508.1% | -518.0% | -518.1% | -3140.6% | -8064.6% | -2.3%+6.4pp | -8.8%+19.8pp | -28.6% |
| Net Margin | -1385.0% | -686.2% | -1285.6% | -958.6% | -2276.3% | -1703.1% | -5932.3% | -15408.1% | -497.5% | -490.3% | 2101.0% | -3815.4% | -0.8%+9.6pp | -10.4%+14.3pp | -24.7% |
| Return on Equity | -62.7%-29.2pp | -33.5%-12.0pp | -21.6%-5.9pp | -15.7%-3.2pp | -12.4%+1317.3pp | -1329.8%-1051.5pp | -278.2%+53.7pp | -331.9%-262.9pp | -69.1%-23.4pp | -45.7%-71.7pp | 26.0%+43.4pp | -17.4%-16.9pp | -0.5%+7.0pp | -7.5%+5.8pp | -13.3% |
| Return on Assets | -51.3%-20.3pp | -31.0%-10.8pp | -20.2%-5.4pp | -14.8%-3.2pp | -11.6%+128.6pp | -140.2%+63.9pp | -204.1%+53.7pp | -257.8%-196.3pp | -61.5%-18.6pp | -42.9%-67.3pp | 24.4%+36.5pp | -12.2%-11.8pp | -0.4%+5.0pp | -5.4%+3.2pp | -8.6% |
| Current Ratio | 8.97-4.8x | 13.74-3.0x | 16.78-3.7x | 20.49+5.0x | 15.46+14.4x | 1.07-2.2x | 3.25-1.2x | 4.45-3.1x | 7.55-5.2x | 12.73-0.9x | 13.64+13.1x | 0.56-1.1x | 1.650.0x | 1.61+0.2x | 1.38 |
| Debt-to-Equity | 0.22+0.1x | 0.080.0x | 0.070.0x | 0.060.0x | 0.07-8.4x | 8.49+8.1x | 0.36+0.4x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00-0.4x | 0.37+0.2x | 0.160.0x | 0.170.0x | 0.17 |
| FCF Margin | -1378.5% | -606.1% | -1262.5% | -850.2% | -2278.1% | -1420.3% | -6673.2% | -12561.6% | -400.3% | -529.1% | -2558.7% | -540.0% | -19.8%+0.7pp | -20.5%-62.5pp | 42.0% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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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.
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 return on equity (ROE)?
Astrotech Corp (ASTC) has a return on equity of -62.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Astrotech Corp's free cash flow?
Astrotech Corp (ASTC) recorded an outflow of $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) recorded an outflow of $13.0M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 Altman Z-Score?
Astrotech Corp (ASTC) has an Altman Z-Score of -12.07, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Astrotech Corp's Piotroski F-Score?
Astrotech Corp (ASTC) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $13.8M while operations used $13.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 37 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.