Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Ast Spacemobile, Inc.

ASTS · Nasdaq · Communications Services, NEC

Fundamental quality

REASONABLE

60

out of 100

Ast Spacemobile, Inc. is in full growth mode but not yet profitable: revenue is growing strongly (65.9% a year), but it doesn't translate into earnings yet. On fundamental quality it scores 60 out of 100, profiling it as a company of reasonable quality. Its weakest area is its profitability (ROE -18.3%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

AST SpaceMobile is building a constellation of giant satellites to provide mobile coverage directly to ordinary phones, no special antenna needed, in partnership with carriers like AT&T, Verizon and Vodafone. It's mid-deployment: heavy investment, nascent revenue.

What will shape its future

  • Constellation deployment: launching satellites on time and having them work as promised.
  • Carrier agreements, which validate the technology and will bring the revenue once service starts.
  • Funding a very expensive rollout, and Starlink's competition in the same service.

Breakdown by area

I.Growth
95

Revenue growth: 65.9%

II.Profitability
25

ROE: -18.3%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Strengths

  • Revenue growing strongly (65.9% annualized).

Risks and weaknesses

  • No profits over the last twelve months (negative EPS).
  • Erratic free cash flow, with several years in the red.

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
20206-52-31-43
202112-31-95-317
202214-32-214-234
20230-88-268-26
20244-300-300-406
202571-342-1,136-116

Between 2020 and 2025, revenue went from $6M to $71M (+1089%) and net income went from -$52M to -$342M (-558%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

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Is Ast Spacemobile, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Ast Spacemobile, Inc. a good company to invest in?

In terms of business quality, Ast Spacemobile, Inc. scores 60 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Ast Spacemobile, Inc. growing?

Its revenue has grown 65.9% annualized in recent years.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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