ASTS

Updated: Mar 19, 2026 11:20 AM

Ast Spacemobile Inc

Market Cap: $34.67B P/S: 638x Ownership — Insider: 15.3% | Institutional: 41.7% | Retail: 42.9% TECHNOLOGY COMMUNICATION EQUIPMENT

AST SpaceMobile, Inc. operates a space-based cellular broadband network for mobile phones. The company is headquartered in Midland, Texas.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        8/8 dates (100%)
  ✅ grossProfit                         8/8 dates (100%)
  ✅ netIncome                           8/8 dates (100%)

Plot for ASTS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -341.94M                     -170.97M                       0.00M                       170.97M                      341.94M
               |                            |                            |                            |                            |

  2018-12-31 |                                                          |  -4.44M
  2019-12-31 |                                                         |  -10.88M
  2020-12-31 |                                                       |  -24.06M
  2021-12-31 |                                                      |  -30.55M
  2022-12-31 |                                                      |  -31.64M
  2023-12-31 |                                            |  -87.56M
  2024-12-31 |        |  -300.08M
  2025-12-31 | |  -341.94M

               |                            |                            |                            |                            |
               -341.94M                     -170.97M                       0.00M                       170.97M                      341.94M

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              8/8 dates (100%)
  ✅ sellingGeneralAndAdministrative     8/8 dates (100%)
  ✅ costofGoodsAndServicesSold          8/8 dates (100%)

Plot for ASTS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                       31.57M                       63.15M                       94.72M                       126.30M
               |                            |                            |                            |                            |

  2018-12-31 |  2.46M
  2019-12-31 |  5.94M
  2020-12-31 |  14.09M
  2021-12-31 |  53.04M
  2022-12-31 |  99.83M
  2023-12-31 |  126.30M
  2024-12-31 |  122.27M
  2025-12-31 |  101.68M

               |                            |                            |                            |                            |
               0.00M                       31.57M                       63.15M                       94.72M                       126.30M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         8/8 dates (100%)
  ⚠️  shortLongTermDebtTotal              7/8 dates (88%)
  ✅ operatingCashflow                   8/8 dates (100%)

Plot for ASTS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -2.34B                       -1.17B                        0.00B                        1.17B                        2.34B
               |                            |                            |                            |                            |

  2018-12-31 |                                                          |  0.01B ⊗
  2019-12-31 |                                                          |  0.03B
  2020-12-31 |                                                          |  0.04B
  2021-12-31 |                                                         |  0.32B
  2022-12-31 |                                                       |  0.24B
  2023-12-31 |                                                       |  -0.15B
  2024-12-31 |                                                        |  0.56B
  2025-12-31 |                                                         | 2.34B

               |                            |                            |                            |                            |
               -2.34B                       -1.17B                        0.00B                        1.17B                        2.34B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   8/8 dates (100%)
  ✅ capitalExpenditures                 8/8 dates (100%)

Plot for ASTS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -1.06B                       -0.53B                        0.00B                        0.53B                        1.06B
               |                            |                            |                            |                            |

  2018-12-31 |                                                          |  -0.01B
  2019-12-31 |                                                          |  0.00B
  2020-12-31 |                                                          |  0.03B
  2021-12-31 |                                                       |  -0.08B
  2022-12-31 |                                                  |  -0.16B
  2023-12-31 |                                                   |  -0.15B
  2024-12-31 |                                                    |  0.17B
  2025-12-31 |                                                       | 1.06B

               |                            |                            |                            |                            |
               -1.06B                       -0.53B                        0.00B                        0.53B                        1.06B

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         8/8 dates (100%)
  ✅ totalLiabilities                    8/8 dates (100%)
  ✅ totalShareholderEquity              8/8 dates (100%)

Plot for ASTS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                        1.25B                        2.51B                        3.76B                        5.01B
               |                            |                            |                            |                            |

  2018-12-31 |  0.01B
  2019-12-31 |  0.04B
  2020-12-31 |  0.10B
  2021-12-31 |  0.44B
  2022-12-31 |  0.44B
  2023-12-31 |  0.36B
  2024-12-31 |  0.95B
  2025-12-31 |  5.01B

               |                            |                            |                            |                            |
               0.00B                        1.25B                        2.51B                        3.76B                        5.01B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           8/8 dates (100%)
  ⚠️  shortLongTermDebtTotal              7/8 dates (88%)
  ✅ totalShareholderEquity              8/8 dates (100%)

Plot for ASTS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -2.24B                       -1.12B                        0.00B                        1.12B                        2.24B
               |                            |                            |                            |                            |

  2018-12-31 |                                                          |  0.01B ⊗
  2019-12-31 |                                                          |  0.03B
  2020-12-31 |                                                          |  0.08B
  2021-12-31 |                                                          |  0.10B
  2022-12-31 |                                                          |  0.13B
  2023-12-31 |                                                         |  0.10B
  2024-12-31 |                                                   |  0.48B
  2025-12-31 |                                                  | 2.24B

               |                            |                            |                            |                            |
               -2.24B                       -1.12B                        0.00B                        1.12B                        2.24B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for ASTS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -171.95M                      -85.97M                       0.00M                       85.97M                       171.95M
               |                            |                            |                            |                            |

  2019-12-31 |                                                          |  -3.17M
  2020-03-31 |                                                          |  -4.41M
  2020-06-30 |                                                         |  -5.59M
  2020-09-30 |                                                         |  -5.53M
  2020-12-31 |                                                        |  -8.53M
  2021-03-31 |                                                       |  -11.58M
  2021-06-30 |                                                    |  -19.98M
  2021-09-30 |                                                           |  4.12M
  2021-12-31 |                                                          |  6.22M
  2022-03-31 |                                                       |  -10.72M
  2022-06-30 |                                                          |  7.26M
  2022-09-30 |                                                        |  -9.77M
  2022-12-31 |                                                      |  -13.61M
  2023-03-31 |                                                     | -16.48M
  2023-06-30 |                                                   | -22.81M
  2023-09-30 |                                                    | -20.91M
  2023-12-31 |                                                | -31.93M
  2024-03-31 |                                                    |  -19.73M
  2024-06-30 |                                   |  -72.55M
  2024-09-30 | |  -171.95M
  2024-12-31 |                                               |  -35.86M
  2025-03-31 |                                            |  -45.71M
  2025-06-30 |                         |  -99.39M
  2025-09-30 |                  |  -122.87M
  2025-12-31 |                                  |  -73.97M

               |                            |                            |                            |                            |
               -171.95M                      -85.97M                       0.00M                       85.97M                       171.95M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for ASTS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                       22.82M                       45.65M                       68.47M                       91.29M
               |                            |                            |                            |                            |

  2019-12-31 |  1.78M
  2020-03-31 |  2.19M
  2020-06-30 |  2.77M
  2020-09-30 |  3.52M
  2020-12-31 |  5.61M
  2021-03-31 |  5.96M
  2021-06-30 |  15.37M
  2021-09-30 |  12.91M
  2021-12-31 |  18.79M
  2022-03-31 |  20.02M
  2022-06-30 |  21.14M
  2022-09-30 |  28.04M
  2022-12-31 |  30.66M
  2023-03-31 |  32.86M
  2023-06-30 |  33.73M
  2023-09-30 |  28.94M
  2023-12-31 |  30.76M
  2024-03-31 |  23.77M
  2024-06-30 |  25.66M
  2024-09-30 |  36.55M
  2024-12-31 |  36.29M
  2025-03-31 |  27.20M
  2025-06-30 |  34.99M
  2025-09-30 |  46.37M
  2025-12-31 |  91.29M

               |                            |                            |                            |                            |
               0.00M                       22.82M                       45.65M                       68.47M                       91.29M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              22/25 dates (88%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for ASTS (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -2.34B                       -1.17B                        0.00B                        1.17B                        2.34B
               |                            |                            |                            |                            |

  2019-12-31 |                                                          |  0.03B
  2020-03-31 |                                                          |  0.00B ⊗
  2020-06-30 |                                                          |  -0.01B ⊗
  2020-09-30 |                                                          |  0.06B
  2020-12-31 |                                                          |  0.04B
  2021-03-31 |                                                          |  0.02B
  2021-06-30 |                                                          |  0.40B
  2021-09-30 |                                                          |  0.36B
  2021-12-31 |                                                          |  0.32B
  2022-03-31 |                                                          |  0.25B
  2022-06-30 |                                                          |  0.20B
  2022-09-30 |                                                          |  0.20B
  2022-12-31 |                                                          |  0.24B
  2023-03-31 |                                                          |  0.19B
  2023-06-30 |                                                          |  0.19B
  2023-09-30 |                                                          |  0.14B
  2023-12-31 |                                                          |  0.09B ⊗
  2024-03-31 |                                                          |  0.21B
  2024-06-30 |                                                          |  0.29B
  2024-09-30 |                                                          |  0.52B
  2024-12-31 |                                                          |  0.56B
  2025-03-31 |                                                          |  0.87B
  2025-06-30 |                                                          |  0.92B
  2025-09-30 |                                                         |  1.20B
  2025-12-31 |                                                           | 2.34B

               |                            |                            |                            |                            |
               -2.34B                       -1.17B                        0.00B                        1.17B                        2.34B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for ASTS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -395.70M                     -197.85M                       0.00M                       197.85M                      395.70M
               |                            |                            |                            |                            |

  2019-12-31 |                                                          |  -3.45M
  2020-03-31 |                                                          |  -0.19M
  2020-06-30 |                                                          |  9.28M
  2020-09-30 |                                                          |  11.44M
  2020-12-31 |                                                          |  -9.75M
  2021-03-31 |                                                          |  11.42M
  2021-06-30 |                                                      |  -37.51M
  2021-09-30 |                                                        |  21.90M
  2021-12-31 |                                                        |  -21.48M
  2022-03-31 |                                                    |  -47.51M
  2022-06-30 |                                                     |  -41.00M
  2022-09-30 |                                                      |  -32.92M
  2022-12-31 |                                                      |  -35.04M
  2023-03-31 |                                                     |  -37.73M
  2023-06-30 |                                                    |  -50.26M
  2023-09-30 |                                                      |  73.49M
  2023-12-31 |                                                       |  -24.90M
  2024-03-31 |                                                    |  -48.12M
  2024-06-30 |                                                         |  22.20M
  2024-09-30 |                                                      |  -33.43M
  2024-12-31 |                                                       |  82.03M
  2025-03-31 |                                                       |  120.46M
  2025-06-30 |                                                     |  310.17M
  2025-09-30 |                                                  |  238.42M
  2025-12-31 |                                                           | 395.70M

               |                            |                            |                            |                            |
               -395.70M                     -197.85M                       0.00M                       197.85M                      395.70M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for ASTS (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                        1.25B                        2.51B                        3.76B                        5.01B
               |                            |                            |                            |                            |

  2019-12-31 |  0.04B
  2020-03-31 |  0.23B
  2020-06-30 |  0.23B
  2020-09-30 |  0.10B
  2020-12-31 |  0.10B
  2021-03-31 |  0.09B
  2021-06-30 |  0.48B
  2021-09-30 |  0.46B
  2021-12-31 |  0.44B
  2022-03-31 |  0.41B
  2022-06-30 |  0.38B
  2022-09-30 |  0.39B
  2022-12-31 |  0.44B
  2023-03-31 |  0.40B
  2023-06-30 |  0.41B
  2023-09-30 |  0.40B
  2023-12-31 |  0.36B
  2024-03-31 |  0.50B
  2024-06-30 |  0.58B
  2024-09-30 |  0.82B
  2024-12-31 |  0.95B
  2025-03-31 |  1.37B
  2025-06-30 |  1.88B
  2025-09-30 |  2.55B
  2025-12-31 |  5.01B

               |                            |                            |                            |                            |
               0.00B                        1.25B                        2.51B                        3.76B                        5.01B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              22/25 dates (88%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for ASTS (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -2.24B                       -1.12B                        0.00B                        1.12B                        2.24B
               |                            |                            |                            |                            |

  2019-12-31 |                                                          |  0.03B
  2020-03-31 |                                                          |  0.22B ⊗
  2020-06-30 |                                                          |  0.22B ⊗
  2020-09-30 |                                                          |  0.09B
  2020-12-31 |                                                          |  0.08B
  2021-03-31 |                                                          |  0.07B
  2021-06-30 |                                                          |  0.10B
  2021-09-30 |                                                           |  0.10B
  2021-12-31 |                                                          |  0.10B
  2022-03-31 |                                                          |  0.09B
  2022-06-30 |                                                          |  0.09B
  2022-09-30 |                                                          |  0.09B
  2022-12-31 |                                                          |  0.13B
  2023-03-31 |                                                          |  0.12B
  2023-06-30 |                                                          |  0.15B
  2023-09-30 |                                                          |  0.13B
  2023-12-31 |                                                          |  0.10B ⊗
  2024-03-31 |                                                          |  0.17B
  2024-06-30 |                                                         |  0.21B
  2024-09-30 |                                                       |  0.31B
  2024-12-31 |                                                          |  0.48B
  2025-03-31 |                                                          |  0.57B
  2025-06-30 |                                                        |  0.87B
  2025-09-30 |                                                        |  1.24B
  2025-12-31 |                                                         | 2.24B

               |                            |                            |                            |                            |
               -2.24B                       -1.12B                        0.00B                        1.12B                        2.24B

Price History

Volume

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