Ast Spacemobile Inc Financials
This page shows Ast Spacemobile Inc (ASTS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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
Ast Spacemobile Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Ast Spacemobile Inc generates $0.42 in operating cash flow (-$126.1M OCF vs -$300.1M 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
Ast Spacemobile Inc generated $13.8M in revenue in fiscal year 2024.
Ast Spacemobile Inc generated -$300.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 12.1% from the prior year.
Ast Spacemobile Inc reported -$300.1M in net income in fiscal year 2024. This represents a decrease of 242.7% from the prior year.
Ast Spacemobile Inc held $565.0M in cash against $155.6M in long-term debt as of fiscal year 2024.
Ast Spacemobile Inc's net profit margin was -2170.6% in fiscal year 2024, showing the share of revenue converted to profit.
Ast Spacemobile Inc invested $28.8M in research and development in fiscal year 2024. This represents a decrease of 39.4% from the prior year.
Ast Spacemobile Inc invested $174.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 46.6% from the prior year.
ASTS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.7M+1175.0% | $1.2M+61.0% | $718K-93.7% | $11.3M+1158.3% | $900K+80.0% | $500K+120.9% | -$2.4M | $0 |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| R&D Expenses | $5.5M-13.5% | $6.4M-10.4% | $7.1M+33.6% | $5.3M+19.8% | $4.5M+4.8% | $4.3M-60.5% | $10.8M+14.3% | $9.4M |
| SG&A Expenses | $29.8M+9.5% | $27.2M+48.2% | $18.4M+15.7% | $15.9M-10.9% | $17.8M+45.2% | $12.3M+16.7% | $10.5M-4.2% | $11.0M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $5.7M0.0% | $5.7M+21.3% | $4.7M+17.5% | $4.0M-18.4% | $4.9M+11.4% | $4.4M+385.1% | $907K-35.2% | $1.4M |
| Income Tax | $374K-49.6% | $742K+341.7% | $168K+7.0% | $157K-32.0% | $231K-21.4% | $294K-85.9% | $2.1M+685.0% | $266K |
| Net Income | -$122.9M-23.6% | -$99.4M-117.5% | -$45.7M-27.5% | -$35.9M+50.6% | -$72.5M-267.7% | -$19.7M+38.2% | -$31.9M-52.7% | -$20.9M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ASTS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B+35.6% | $1.9B+37.4% | $1.4B+43.5% | $954.6M+64.7% | $579.6M+15.5% | $501.7M+39.0% | $360.9M-10.3% | $402.1M |
| Current Assets | $1.3B+31.2% | $973.2M+8.8% | $894.6M+49.0% | $600.2M+90.5% | $315.2M+31.6% | $239.5M+124.1% | $106.9M-34.5% | $163.1M |
| Cash & Equivalents | $1.2B+30.4% | $923.6M+5.7% | $873.8M+54.7% | $565.0M+98.2% | $285.1M+35.8% | $210.0M+145.2% | $85.6M-35.8% | $133.3M |
| Inventory | $10.9M | N/A | N/A | $1.1M | N/A | N/A | N/A | N/A |
| Accounts Receivable | $11.5M | N/A | N/A | $1.4M | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $924.9M+27.8% | $723.6M+20.0% | $603.0M+111.3% | $285.4M-15.5% | $337.8M+56.5% | $215.9M+46.5% | $147.3M+28.2% | $114.9M |
| Current Liabilities | $133.6M+12.9% | $118.3M+40.5% | $84.2M+10.9% | $75.9M+53.8% | $49.4M+54.9% | $31.9M-31.0% | $46.2M+71.8% | $26.9M |
| Long-Term Debt | $697.6M+44.6% | $482.5M+4.4% | $462.2M+197.1% | $155.6M-22.0% | $199.5M+24.1% | $160.8M+171.4% | $59.3M+1.2% | $58.5M |
| Total Equity | $1.6B+40.4% | $1.2B+51.0% | $766.7M+14.6% | $669.1M+176.7% | $241.9M-15.4% | $285.8M+33.8% | $213.6M-25.6% | $287.2M |
| Retained Earnings | -$757.7M-19.4% | -$634.8M-18.6% | -$535.5M-9.3% | -$489.7M-73.7% | -$281.9M-34.6% | -$209.4M-10.4% | -$189.7M-20.2% | -$157.7M |
ASTS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$64.5M-48.3% | -$43.5M-52.3% | -$28.5M-0.4% | -$28.4M-76.1% | -$16.2M+66.4% | -$48.1M-93.3% | -$24.9M+30.9% | -$36.1M |
| Capital Expenditures | $238.4M-23.1% | $310.2M+157.5% | $120.5M+46.8% | $82.0M+269.5% | $22.2M-43.9% | $39.6M+77.1% | $22.3M-69.6% | $73.5M |
| Free Cash Flow | -$302.9M+14.4% | -$353.6M-137.3% | -$149.0M-34.9% | -$110.5M-188.0% | -$38.4M+56.3% | -$87.7M-85.6% | -$47.2M+56.9% | -$109.5M |
| Investing Cash Flow | -$266.4M+14.1% | -$310.2M-157.5% | -$120.5M-46.8% | -$82.0M-269.5% | -$22.2M+43.9% | -$39.6M-77.1% | -$22.3M+69.6% | -$73.5M |
| Financing Cash Flow | $611.4M+45.7% | $419.8M-7.9% | $455.9M+185.7% | $159.5M+40.5% | $113.6M-46.5% | $212.2M+33461.6% | -$636K-101.2% | $53.7M |
| 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 | N/A | N/A | N/A | N/A | N/A |
ASTS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -833.7%+7764.4pp | -8598.1%-2232.4pp | -6365.7%-6049.1pp | -316.6%+7744.5pp | -8061.1%-4115.1pp | -3946.0% | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -4.8%+0.5pp | -5.3%-1.9pp | -3.3%+0.4pp | -3.8%+8.8pp | -12.5%-8.6pp | -3.9%+4.9pp | -8.8%-3.6pp | -5.2% |
| Current Ratio | 9.56+1.3 | 8.23-2.4 | 10.62+2.7 | 7.90+1.5 | 6.38-1.1 | 7.51+5.2 | 2.31-3.7 | 6.06 |
| Debt-to-Equity | 0.43+0.0 | 0.42-0.2 | 0.60+0.4 | 0.23-0.6 | 0.82+0.3 | 0.56+0.3 | 0.28+0.1 | 0.20 |
| FCF Margin | -2055.0%+28537.0pp | -30592.0%-9839.7pp | -20752.4%-19776.9pp | -975.5%+3286.1pp | -4261.6%+13276.4pp | -17538.0% | N/A | N/A |
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Frequently Asked Questions
What is Ast Spacemobile Inc's annual revenue?
Ast Spacemobile Inc (ASTS) reported $13.8M in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Ast Spacemobile Inc profitable?
No, Ast Spacemobile Inc (ASTS) reported a net income of -$300.1M in fiscal year 2024, with a net profit margin of -2170.6%.
How much debt does Ast Spacemobile Inc have?
As of fiscal year 2024, Ast Spacemobile Inc (ASTS) had $565.0M in cash and equivalents against $155.6M in long-term debt.
What is Ast Spacemobile Inc's net profit margin?
Ast Spacemobile Inc (ASTS) had a net profit margin of -2170.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Ast Spacemobile Inc's free cash flow?
Ast Spacemobile Inc (ASTS) generated -$300.3M in free cash flow during fiscal year 2024. This represents a -12.1% 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 Ast Spacemobile Inc's operating cash flow?
Ast Spacemobile Inc (ASTS) generated -$126.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Ast Spacemobile Inc's total assets?
Ast Spacemobile Inc (ASTS) had $954.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Ast Spacemobile Inc's capital expenditures?
Ast Spacemobile Inc (ASTS) invested $174.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Ast Spacemobile Inc spend on research and development?
Ast Spacemobile Inc (ASTS) invested $28.8M in research and development during fiscal year 2024.
What is Ast Spacemobile Inc's current ratio?
Ast Spacemobile Inc (ASTS) had a current ratio of 7.90 as of fiscal year 2024, which is generally considered healthy.
What is Ast Spacemobile Inc's debt-to-equity ratio?
Ast Spacemobile Inc (ASTS) had a debt-to-equity ratio of 0.23 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ast Spacemobile Inc's return on assets (ROA)?
Ast Spacemobile Inc (ASTS) had a return on assets of -31.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Ast Spacemobile Inc's cash runway?
Based on fiscal year 2024 data, Ast Spacemobile Inc (ASTS) had $565.0M in cash against an annual operating cash burn of $126.1M. This gives an estimated cash runway of approximately 54 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Ast Spacemobile Inc's Piotroski F-Score?
Ast Spacemobile Inc (ASTS) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Ast Spacemobile Inc's earnings high quality?
Ast Spacemobile Inc (ASTS) has an earnings quality ratio of 0.42x, 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.