What is Ascent Solar Technologies, Inc.'s earnings per share (EPS)?

Ascent Solar Technologies, Inc. (ASTI) reported diluted earnings per share of -$3.09 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ascent Solar Technologies, Inc. (ASTI) Financials

ASTI

Trailing 12 months to June 30, 2026

Revenue $191K +365.1% YoY

Net Income -$8.2M -18.0% YoY

EPS (Diluted) -$3.09 FY2025 annual

Free Cash Flow -$7.4M YoY not available

Market Cap $18.0M as of Oct 20, 2026

Price / Sales 93.9x on $191K revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 1.2x on $15.3M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 20, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ASTI SEC filings page.

Ascent Solar Technologies, Inc. (ASTI) reported $191K in revenue over the twelve months to Jun 30, 2026, up 365.1% from the prior twelve months. 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).

Rhea AI ASTI FY2025 2026-10-03

ASTI operates as a development-stage business: sales remain tiny, while R&D, overhead, and financing—not customer cash generation—shape the reported results.

FY2025’s cash conversion is unfavorable but direct: the net loss was $7.9M, while operating cash flow was -$6.9M, so accounting losses were largely reflected in cash rather than created mainly by noncash charges. Because free cash flow was also -$6.9M while financing cash flow reached $6.6M, reported cash movement depended on funding activity rather than sales.

Revenue nearly doubled from FY2024 to FY2025, yet the operating loss was still $7.9M; the current cost base is therefore far larger than sales can support. That gap indicates the recent sales increase has not meaningfully absorbed fixed operating costs.

R&D was 31.8x FY2025 revenue, while SG&A added $4.1M; this is a development budget operating far ahead of commercial scale. Negative gross margin of -155.7% means direct costs exceeded sales, so the challenge is not merely overhead but also unfavorable unit economics at the reported volume.

Financial Health Signals

Financial health score not available

Ascent Solar Technologies, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-110.70

Ascent Solar Technologies, Inc. scores -110.70, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($18.0M) relative to total liabilities ($3.0M). 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.

Piotroski F-Score Partial

4/8

Ascent Solar Technologies, Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Ascent Solar Technologies, Inc. reported a net loss of $7.9M while operations used $6.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$95K

YoY+461.3%

QoQ+83.3%

5Y CAGR-24.2%

10Y CAGR-9.4%

Ascent Solar Technologies, Inc. generated $95K in revenue in Q2 2026. This represents an increase of 461.3% from the same quarter a year earlier. Against the prior quarter it is up 83.3%.

EBITDA

-$1.9M

YoY+7.1%

QoQ+14.1%

Ascent Solar Technologies, Inc.'s EBITDA was -$1.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.1% from the same quarter a year earlier. Against the prior quarter it is up 14.1%.

Net Income

-$1.8M

YoY+11.6%

QoQ+16.1%

Ascent Solar Technologies, Inc. reported -$1.8M in net income in Q2 2026. This represents an increase of 11.6% from the same quarter a year earlier. Against the prior quarter it is up 16.1%.

EPS (Diluted)

-$0.19

QoQ+29.6%

Ascent Solar Technologies, Inc. earned -$0.19 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 29.6%.

Cash & Balance Sheet

Free Cash Flow

-$1.8M

YoY+1.4%

QoQ+11.5%

Ascent Solar Technologies, Inc. recorded an outflow of $1.8M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 1.4% from the same quarter a year earlier. Against the prior quarter it is up 11.5%.

Cash & Debt

$14.5M

YoY+392.0%

QoQ-9.5%

5Y CAGR+60.7%

Ascent Solar Technologies, Inc. held $14.5M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

10M

QoQ+3.7%

5Y CAGR-78.0%

Ascent Solar Technologies, Inc. had 10M shares outstanding in Q2 2026. Against the prior quarter it is up 3.7%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

-68.9%

YoY-0.2pp

QoQ-32.7pp

Ascent Solar Technologies, Inc.'s gross margin was -68.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 32.7 percentage points.

Return on Equity

-12.0%

YoY+48.2pp

QoQ+1.0pp

Ascent Solar Technologies, Inc.'s ROE was -12.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 48.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.

Operating Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending

$697K

YoY+11.9%

QoQ+0.4%

5Y CAGR-5.0%

10Y CAGR-9.0%

Ascent Solar Technologies, Inc. invested $697K in research and development in Q2 2026. This represents an increase of 11.9% from the same quarter a year earlier. Against the prior quarter it is up 0.4%.

Capital Expenditures

YoY-100.0%

Ascent Solar Technologies, Inc. reported no capital expenditure in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier.

Share Buybacks

Not reported for Q2 2026.

ASTI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ASTI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$191K	$77K+83.3%	$42K-90.9%	$458K-62.5%	$1.2M+101.2%	$608K+812.4%	$67K-89.6%	$638K-26.0%	$862K+34.3%	$642K-63.2%	$1.7M-73.3%	$6.5M+22.5%	$5.3M+305.3%	$1.3M+10.0%	$1.2M-69.7%	$3.9M
Cost of Revenue	$375K	$196K+32.3%	$148K-92.2%	$1.9M-5.9%	$2.0M+5.7%	$1.9M+989.7%	$175K-64.4%	$491K-51.7%	$1.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	-$184K	-$120K-12.3%	-$106K+92.6%	-$1.4M-81.8%	-$789K+39.1%	-$1.3M-1099.0%	-$108K-173.1%	$148K+196.2%	-$153K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$2.7M	$2.4M+6.2%	$2.3M-28.6%	$3.2M-46.1%	$6.0M+44.3%	$4.1M+255.3%	$1.2M-11.1%	$1.3M-53.1%	$2.8M-42.0%	$4.8M-27.3%	$6.6M-1.3%	$6.7M	N/A	N/A	$20.7M-14.1%	$24.1M
SG&A Expenses	$4.6M	$4.1M-9.1%	$4.5M-16.0%	$5.4M+13.3%	$4.7M+43.6%	$3.3M+220.3%	$1.0M-44.2%	$1.8M-43.1%	$3.2M-42.0%	$5.6M-45.7%	$10.3M-16.6%	$12.4M-12.4%	$14.1M+91.0%	$7.4M+47.6%	$5.0M-29.8%	$7.1M
Operating Income	-$8.2M	-$7.9M+7.8%	-$8.5M+45.4%	-$15.6M+8.3%	-$17.1M-94.0%	-$8.8M-258.1%	-$2.5M+24.5%	-$3.3M+50.5%	-$6.6M+53.6%	-$14.1M+42.6%	-$24.6M+11.2%	-$27.7M	N/A	N/A	N/A	N/A
EBITDA	N/A	-$7.8M+7.9%	-$8.5M+45.6%	-$15.5M+8.4%	-$17.0M-94.4%	-$8.7M-279.2%	-$2.3M+23.5%	-$3.0M+51.4%	-$6.2M+52.2%	-$13.0M+38.4%	-$21.0M+4.9%	-$22.1M	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	$476K+8.6%	$438K-79.2%	$2.1M	N/A	N/A	N/A	N/A	N/A	$432K+59.0%	$272K+139.7%	$113K
Income Tax	N/A	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$8.2M	-$7.9M+13.8%	-$9.2M+46.3%	-$17.1M+13.6%	-$19.8M-229.2%	-$6.0M-471.0%	$1.6M+133.2%	-$4.9M+69.6%	-$16.0M+13.6%	-$18.6M+52.2%	-$38.9M+15.2%	-$45.8M-5.6%	-$43.4M-43.9%	-$30.1M-4.7%	-$28.8M+72.8%	-$105.7M
EPS (Basic)	N/A	-$3.09+70.2%	-$10.38+99.7%	-$3419.00-2490.2%	-$132.00-8471.4%	-$1.54-233.9%	$1.15	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	—	-$3.09	-$10.38	-$3419.00	-$132.00	-$1.54-581.3%	$0.32	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	3M	882,547	10,251	149,016	4M+4.6%	4M-99.8%	1.54B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$95K+461.3%	$52K+232.5%	$16K	$29K+233.9%	$17K-38.9%	$16K+179.0%	$0-100.0%	$9K-96.3%
Cost of Revenue	$161K+462.1%	$71K+193.3%	$55K+8076.3%	$89K+15.9%	$29K-53.5%	$24K+156.9%	$668-99.1%	$77K-88.9%
Gross Profit	-$66K-463.2%	-$19K-121.3%	-$39K-5735.2%	-$60K+11.4%	-$12K+65.5%	-$8K-124.2%	-$668+99.0%	-$68K+85.3%
R&D Expenses	$697K+11.9%	$694K+24.2%	$641K+9.7%	$621K+2.8%	$623K+23.1%	$559K-8.0%	$584K+50.0%	$604K+75.0%
SG&A Expenses	$1.1M+3.8%	$1.4M+51.5%	$1.1M+79.8%	$1.0M-17.6%	$1.0M-35.9%	$951K-10.3%	$618K-47.9%	$1.2M-13.5%
Operating Income	-$1.9M+6.9%	-$2.3M-29.5%	-$2.1M-43.3%	-$2.0M+13.0%	-$2.1M+11.3%	-$1.7M+29.5%	-$1.4M+71.6%	-$2.3M+4.9%
EBITDA	-$1.9M+7.1%	-$2.2M-29.6%	-$2.0M-43.5%	-$1.9M+13.3%	-$2.1M+11.4%	-$1.7M+29.5%	-$1.4M+71.8%	-$2.2M+4.7%
Net Income	-$1.8M+11.6%	-$2.2M-30.0%	-$2.1M-43.5%	-$2.0M-19.6%	-$2.1M+40.1%	-$1.7M+34.0%	-$1.5M+71.2%	-$1.7M+11.4%
EPS (Basic)	-$0.19+83.8%	-$0.27+76.1%	-$0.40-600.0%	-$0.62+54.7%	-$1.17+82.7%	-$1.13-2032.1%	$0.08-99.8%	-$1.37-239.1%
EPS (Diluted)	-$0.19	-$0.27	-$0.40	-$0.62	-$1.17	-$1.13	$0.08	-$1.37
Diluted Shares (Avg)	10M	8M	N/A	3M	2M	1M	N/A	1M

Not reported in any period shown, so not listed: Interest Expense, Income Tax.

ASTI Balance Sheet

ASTI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$6.3M-11.4%	$7.1M+13.5%	$6.3M-66.3%	$18.7M+45.4%	$12.8M+74.3%	$7.4M+30.9%	$5.6M-10.5%	$6.3M-19.1%	$7.8M-33.0%	$11.6M-38.1%	$18.8M-66.5%	$55.9M+95.9%	$28.5M-34.4%	$43.5M-29.1%	$61.4M
Current Assets	$3.4M-8.9%	$3.7M+141.8%	$1.5M-87.7%	$12.4M+81.6%	$6.9M+779.1%	$779K+33.1%	$585K-40.4%	$982K-39.7%	$1.6M-61.5%	$4.2M-47.0%	$8.0M-77.3%	$35.2M+414.2%	$6.8M-56.5%	$15.7M-42.0%	$27.1M
Cash & Equivalents	$2.8M-12.1%	$3.2M+202.3%	$1.0M-90.9%	$11.5M+92.6%	$6.0M+3454.5%	$168K	N/A	$18K-79.7%	$90K-31.6%	$131K-59.9%	$326K-90.2%	$3.3M0.0%	$3.3M-73.7%	$12.6M+280.4%	$3.3M
Short-Term Investments	$0	$0	$0	$0	$0	$0	N/A	$0	$0	$0	$0	$0	$0	$0-100.0%	$12.6M
Inventory	$544K+20.0%	$453K+1.3%	$447K-27.3%	$615K+3.9%	$592K+10.8%	$534K+0.1%	$534K-19.2%	$661K-36.3%	$1.0M-59.6%	$2.6M-39.9%	$4.3M+76.0%	$2.4M+28.6%	$1.9M-12.6%	$2.2M-12.5%	$2.5M
Accounts Receivable	$0	$0	$0-100.0%	$2K-96.4%	$49K+789.1%	$6K	$0-100.0%	$165K+2380.6%	$7K-98.8%	$549K-72.4%	$2.0M-28.4%	$2.8M+507.3%	$458K+357.3%	$100K-70.7%	$342K
Long-Term Investments	$0	$0	$0	$0	$0	$0	N/A	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$3.0M-20.5%	$3.8M-51.9%	$7.8M-44.5%	$14.1M-10.1%	$15.7M-43.1%	$27.6M-10.3%	$30.7M+6.3%	$28.9M+25.9%	$23.0M-10.2%	$25.6M+58.3%	$16.2M-66.5%	$48.3M+268.2%	$13.1M+41.0%	$9.3M-18.6%	$11.4M
Current Liabilities	$2.2M-3.3%	$2.3M-60.4%	$5.8M+15.8%	$5.0M+63.0%	$3.1M-66.7%	$9.2M-70.2%	$30.7M+28.7%	$23.9M+59.2%	$15.0M-17.1%	$18.1M+78.7%	$10.1M-9.3%	$11.2M+96.8%	$5.7M+95.0%	$2.9M-39.1%	$4.8M
Non-Current Liabilities	$788K-47.0%	$1.5M-28.0%	$2.1M-77.4%	$9.1M-27.8%	$12.6M-31.4%	$18.4M+64722.1%	$28K-99.4%	$5.1M-36.7%	$8.0M+6.4%	$7.5M+24.2%	$6.0M-83.7%	$37.1M+399.0%	$7.4M+16.3%	$6.4M-3.8%	$6.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	$5.9M+17.0%	$5.0M-1.7%	$5.1M-3.1%	$5.3M-2.9%	$5.4M-5.6%	$5.8M-5.0%	$6.1M-4.5%	$6.4M-4.0%	$6.6M
Total Equity	$3.3M-1.2%	$3.4M+321.4%	-$1.5M-269.8%	$899K+131.7%	-$2.8M+86.0%	-$20.2M+19.6%	-$25.1M-10.9%	-$22.6M-48.9%	-$15.2M-8.7%	-$14.0M-642.6%	$2.6M-66.4%	$7.7M-50.3%	$15.4M-54.9%	$34.2M-31.6%	$50.0M
Retained Earnings	-$499.4M-1.6%	-$491.6M-1.9%	-$482.5M-7.8%	-$447.5M-4.6%	-$427.8M-1.4%	-$421.8M+0.4%	-$423.4M-1.2%	-$418.5M-4.0%	-$402.5M-4.8%	-$383.9M-11.3%	-$345.1M-215.3%	$299.3M	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$18.1M+166.5%	$19.8M+220.0%	$6.3M-11.4%	$5.8M-27.1%	$6.8M-33.1%	$6.2M+23.9%	$7.1M+13.5%	$7.9M-29.0%
Current Assets	$15.3M+324.3%	$16.8M+486.7%	$3.4M-8.9%	$2.7M-38.4%	$3.6M-43.8%	$2.9M+223.9%	$3.7M+141.8%	$4.3M+37.3%
Cash & Equivalents	$14.5M+392.0%	$16.1M+612.5%	$2.8M-12.1%	$2.1M-43.7%	$3.0M-48.9%	$2.3M+1103.3%	$3.2M+202.3%	$3.7M+65.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$552K+20.5%	$565K+25.5%	$544K+20.0%	$442K-3.4%	$458K-0.6%	$450K+0.2%	$453K+1.3%	$458K-28.0%
Accounts Receivable	$32K+151.5%	$8K	$0	$0-100.0%	$13K-42.6%	$0	$0	$4K
Long-Term Investments	$0	$0	$0	$75K	$0	$0	$0	$0
Total Liabilities	$2.8M-15.7%	$3.0M-16.5%	$3.0M-20.5%	$3.1M-72.3%	$3.4M-44.1%	$3.6M-52.3%	$3.8M-51.9%	$11.2M-20.1%
Current Liabilities	$2.4M+9.2%	$2.4M+4.8%	$2.2M-3.3%	$2.2M-27.1%	$2.2M-47.4%	$2.3M-59.1%	$2.3M-60.4%	$3.0M-75.1%
Non-Current Liabilities	$406K-64.3%	$600K-54.0%	$788K-47.0%	$965K-88.4%	$1.1M-36.3%	$1.3M-32.3%	$1.5M-28.0%	$8.3M+278.0%
Total Equity	$15.3M+344.7%	$16.8M+550.0%	$3.3M-1.2%	$2.7M+179.7%	$3.4M-17.3%	$2.6M+201.1%	$3.4M+321.4%	-$3.3M-14.4%
Retained Earnings	-$503.4M-1.6%	-$501.6M-1.7%	-$499.4M-1.6%	-$497.4M-1.5%	-$495.3M-1.4%	-$493.3M-1.7%	-$491.6M-1.9%	-$490.2M-4.1%

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

ASTI Cash Flow Statement

ASTI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$7.4M	-$6.9M+18.0%	-$8.4M+11.7%	-$9.5M+9.2%	-$10.5M-11.7%	-$9.4M-226.0%	-$2.9M-6.2%	-$2.7M+32.4%	-$4.0M+68.1%	-$12.6M+25.3%	-$16.9M+23.7%	-$22.1M+21.3%	-$28.1M-38.0%	-$20.3M-15.2%	-$17.7M+11.4%	-$19.9M
Depreciation & Amortization	N/A	$80K+7.4%	$74K-22.2%	$95K+25.9%	$76K+32.0%	$57K-62.2%	$152K-37.5%	$243K-36.3%	$381K-68.2%	$1.2M-66.7%	$3.6M-36.1%	$5.6M-5.5%	$6.0M-4.3%	$6.2M+1.0%	$6.2M-18.2%	$7.5M
Stock-Based Compensation	N/A	$1.1M+12.3%	$1.0M-55.0%	$2.2M-59.1%	$5.5M	N/A	N/A	$21K-29.1%	$29K-76.3%	$123K-86.1%	$888K+3.7%	$857K+2.7%	$834K+34.2%	$622K-32.8%	$924K-41.2%	$1.6M
Capital Expenditures	$30K	$32K+7504.5%	$421-100.0%	$3.9M+2177.9%	$169K-39.6%	$280K	N/A	$6K	$0-100.0%	$6K-87.6%	$52K+77.2%	$29K-78.3%	$135K-74.1%	$520K-91.7%	$6.3M-35.3%	$9.7M
Free Cash Flow	-$7.4M	-$6.9M+17.7%	-$8.4M+37.1%	-$13.4M-25.5%	-$10.7M-10.2%	-$9.7M	N/A	-$2.7M+32.2%	-$4.0M+68.1%	-$12.6M+25.4%	-$16.9M+23.6%	-$22.1M+21.6%	-$28.2M-35.2%	-$20.9M+12.8%	-$23.9M+19.2%	-$29.6M
Investing Cash Flow	-$305K	-$107K-25319.2%	-$421+100.0%	-$3.9M-1360.6%	-$265K+12.0%	-$302K-218.5%	$254K-69.3%	$827K+33916.6%	-$2K-103.0%	$81K+151.1%	-$158K+19.1%	-$196K+82.0%	-$1.1M-16.9%	-$934K-112.3%	$7.6M+348.9%	-$3.0M
Financing Cash Flow	$19.2M	$6.6M-37.2%	$10.5M+256.0%	$3.0M-81.8%	$16.3M+5.1%	$15.5M+453.9%	$2.8M+49.7%	$1.9M-52.6%	$3.9M-68.4%	$12.5M-25.8%	$16.8M-12.9%	$19.3M-33.8%	$29.2M+143.5%	$12.0M+4.9%	$11.4M+64.0%	$7.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$1.8M+1.2%	-$2.0M-30.3%	-$1.8M-18.4%	-$1.7M+15.4%	-$1.8M+50.4%	-$1.6M-29.4%	-$1.5M+30.9%	-$2.1M-172.9%
Depreciation & Amortization	$21K+20.1%	$21K+27.0%	$21K+26.3%	$24K+34.4%	$17K-6.5%	$17K-18.5%	$17K-20.1%	$18K-25.3%
Stock-Based Compensation	$90K-77.8%	$87K-58.6%	N/A	$259K-26.8%	$404K+117.7%	$211K-18.5%	N/A	$354K+154.8%
Capital Expenditures	$0-100.0%	$0-100.0%	$0	$30K	$2K	$483	$0-100.0%	N/A
Free Cash Flow	-$1.8M+1.4%	-$2.0M-30.3%	-$1.8M-18.4%	-$1.8M	-$1.8M	-$1.6M	-$1.5M+31.3%	N/A
Investing Cash Flow	$0+100.0%	-$200K-41307.9%	$0	-$105K	-$2K	-$483	$0+100.0%	N/A
Financing Cash Flow	$255K-89.9%	$15.5M+2339.7%	$2.5M+156.2%	$979K+7998.7%	$2.5M-72.8%	$636K+88.8%	$976K-4.3%	-$12K-100.6%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

ASTI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ASTI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	-155.7%	-254.2%	-312.9%	-64.5%	-213.0%	-162.1%	23.1%+40.9pp	-17.8%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-10256.7%	-20378.5%	-3413.6%	-1394.8%	-1446.3%	-3684.8%	-509.6%	-761.8%	-2203.1%	-1409.5%	-424.5%	N/A	N/A	N/A	N/A
Net Margin	-10288.4%	-21873.8%	-3724.9%	-1615.5%	-987.2%	2428.1%	-762.6%	-1859.5%	-2890.2%	-2223.4%	-700.6%	-812.6%	-2288.8%	-2403.1%	-2677.1%
Return on Equity	-236.6%+34.5pp	-271.1%	N/A	-2196.7%	N/A	N/A	N/A	N/A	N/A	N/A	-1776.0%-1210.4pp	-565.6%-370.4pp	-195.2%-111.2pp	-84.0%+127.4pp	-211.5%
Return on Assets	-124.7%+3.5pp	-128.2%+142.8pp	-271.0%-165.2pp	-105.8%-59.1pp	-46.7%-68.6pp	21.9%+108.4pp	-86.4%+168.4pp	-254.9%-16.3pp	-238.5%+96.0pp	-334.5%-90.2pp	-244.3%-166.7pp	-77.5%+28.1pp	-105.6%-39.5pp	-66.1%+106.0pp	-172.2%
Current Ratio	1.53-0.1x	1.63+1.4x	0.27-2.2x	2.50+0.3x	2.25+2.2x	0.09+0.1x	0.020.0x	0.04-0.1x	0.11-0.1x	0.23-0.6x	0.79-2.4x	3.15+1.9x	1.21-4.2x	5.40-0.3x	5.67
Debt-to-Equity	0.90-0.2x	1.11	N/A	15.67	N/A	N/A	N/A	N/A	N/A	N/A	2.11+1.4x	0.75+0.4x	0.39+0.2x	0.19+0.1x	0.13
Asset Turnover	0.010.0x	0.01-0.1x	0.070.0x	0.070.0x	0.050.0x	0.01-0.1x	0.110.0x	0.14+0.1x	0.08-0.1x	0.15-0.2x	0.35+0.3x	0.100.0x	0.050.0x	0.030.0x	0.06
FCF Margin	-9034.4%	-20108.3%	-2922.9%	-873.1%	-1593.5%	N/A	-426.4%	-465.7%	-1962.7%	-967.6%	-338.6%	-528.9%	-1585.2%	-1998.8%	-749.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	-68.9%-0.2pp	-36.2%+18.2pp	-249.2%	-211.7%	-68.7%	-54.4%+13.3pp	N/A	-798.2%
Operating Margin	-2043.5%	-4355.6%	-13243.9%	-6892.3%	-12316.8%	-11177.9%	N/A	-26443.2%
Net Margin	-1918.6%	-4191.4%	-13666.9%	-7081.3%	-12177.3%	-10716.2%	N/A	-19776.2%
Return on Equity	-12.0%+48.2pp	-13.0%+52.0pp	-64.0%-20.0pp	-76.3%	-60.1%+22.8pp	-65.0%	-44.1%	N/A
Return on Assets	-10.1%+20.3pp	-11.0%+16.1pp	-33.8%-12.9pp	-35.0%-13.7pp	-30.4%+3.5pp	-27.1%+23.8pp	-20.8%+61.1pp	-21.4%-4.3pp
Current Ratio	6.31+4.7x	6.99+5.7x	1.53-0.1x	1.23-0.2x	1.62+0.1x	1.25+1.1x	1.63+1.4x	1.46+1.2x
Debt-to-Equity	0.19-0.8x	0.18-1.2x	0.90-0.2x	1.18	0.98-0.5x	1.40	1.11	N/A
Asset Turnover	0.010.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x
FCF Margin	-1879.0%	-3889.3%	-11553.7%	-6182.5%	-10692.4%	-9923.9%	N/A	N/A

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: Gross Margin, Operating Margin, Net Margin, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Ascent Solar Technologies, Inc. ASTI	FY2025	$77K	-$7.9M	N/A	$18.0M	—
SUNation Energy, Inc. SUNE	FY2025	$71.9M	-$10.9M	-15.2%	$13.5M	58/100
PN Smart Energy Limited PN	FY2025	$63.3M	-$2.7M	-4.3%	$34.8M	40/100
Beam Global BEEM	FY2025	$28.2M	-$27.0M	-95.6%	$20.1M	32/100
Spruce Power Holding Corporation SPRU	FY2025	$111.8M	-$26.0M	-23.3%	$26.0M	56/100

Where Ascent Solar Technologies, Inc. Ranks

Frequently Asked Questions

What is Ascent Solar Technologies, Inc.'s annual revenue?

Ascent Solar Technologies, Inc. (ASTI) reported $77K in total revenue for fiscal year 2025. This represents a 83.3% 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 Ascent Solar Technologies, Inc.'s revenue growing?

Ascent Solar Technologies, Inc. (ASTI) revenue grew by 83.3% year-over-year, from $42K to $77K in fiscal year 2025.

Is Ascent Solar Technologies, Inc. profitable?

No, Ascent Solar Technologies, Inc. (ASTI) reported a net income of -$7.9M in fiscal year 2025.

What is Ascent Solar Technologies, Inc.'s EBITDA?

Ascent Solar Technologies, Inc. (ASTI) had EBITDA of -$7.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Ascent Solar Technologies, Inc.'s return on equity (ROE)?

Ascent Solar Technologies, Inc. (ASTI) has a return on equity of -236.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Ascent Solar Technologies, Inc.'s free cash flow?

Ascent Solar Technologies, Inc. (ASTI) recorded an outflow of $6.9M in free cash flow during fiscal year 2025. This represents a 17.7% 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 Ascent Solar Technologies, Inc.'s operating cash flow?

Ascent Solar Technologies, Inc. (ASTI) recorded an outflow of $6.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Ascent Solar Technologies, Inc.'s total assets?

Ascent Solar Technologies, Inc. (ASTI) had $6.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Ascent Solar Technologies, Inc.'s capital expenditures?

Ascent Solar Technologies, Inc. (ASTI) invested $32K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Ascent Solar Technologies, Inc. spend on research and development?

Ascent Solar Technologies, Inc. (ASTI) invested $2.4M in research and development during fiscal year 2025.

How many shares does Ascent Solar Technologies, Inc. have outstanding?

Ascent Solar Technologies, Inc. (ASTI) had 9M shares outstanding as of fiscal year 2025.

What is Ascent Solar Technologies, Inc.'s current ratio?

Ascent Solar Technologies, Inc. (ASTI) had a current ratio of 1.53 as of fiscal year 2025, which is generally considered healthy.

What is Ascent Solar Technologies, Inc.'s debt-to-equity ratio?

Ascent Solar Technologies, Inc. (ASTI) had a debt-to-equity ratio of 0.90 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ascent Solar Technologies, Inc.'s return on assets (ROA)?

Ascent Solar Technologies, Inc. (ASTI) had a return on assets of -124.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ascent Solar Technologies, Inc.'s P/E ratio?

Ascent Solar Technologies, Inc. (ASTI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $18.0M as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Ascent Solar Technologies, Inc.'s price-to-sales ratio?

Ascent Solar Technologies, Inc. (ASTI) trades at 93.9x sales, its market capitalization divided by revenue of $191K revenue, trailing 12 months to June 30, 2026. The market capitalization is $18.0M as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does Ascent Solar Technologies, Inc.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Ascent Solar Technologies, Inc. (ASTI) held $2.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $6.9M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Ascent Solar Technologies, Inc.'s Altman Z-Score?

Ascent Solar Technologies, Inc. (ASTI) has an Altman Z-Score of -110.70, 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 Ascent Solar Technologies, Inc.'s Piotroski F-Score?

Ascent Solar Technologies, Inc. (ASTI) has a Piotroski F-Score of 4 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 Ascent Solar Technologies, Inc.'s earnings high quality?

Ascent Solar Technologies, Inc. (ASTI) reported a net loss of $7.9M while operations used $6.9M 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.