ASTS AST SpaceMobile

XNGS Down Alert

· How we analyze

About the company

AST SpaceMobile is building a network of large satellites designed to connect directly with ordinary smartphones, without extra equipment. This is meant to enable mobile service in areas without cell towers. Partners are mobile carriers such as AT&T, Verizon and Vodafone. As of Oct 12, 2026

Fact sheet (from the annual report) Other communications services · Midland, USA

According to the company, it is building a space-based cellular broadband network designed for direct reception with ordinary smartphones. The SpaceMobile service is still in development and is designed around large satellites in low orbit that use the radio frequencies of mobile carriers. As early as April 2019 the company launched the BlueWalker 1 test satellite, with which it tested its architecture for linking satellite and cellular network. Definitive commercial agreements exist with AT&T, Verizon, STC and Vodafone, and there are preliminary agreements with other mobile carriers. In these agreements the company generally seeks a revenue share; there are also agreements with the US government, directly or through prime contractors.

Automatically summarized from SEC annual report (10-K, filed Mar 2, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026

Price performance at a glance

Last 30 trading days
  • Today +6.4%
  • 7 days +2.0%
  • 30 days −32.1%
  • 1 year −47.2%
Day range (last trading day)
−5.8%Price at 63% of the range+3.5%
52-week range
−12.5%Price at 5% of the range+219.0%
Distance from the all-time high
−68.7%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Gap with volume · Analysis method

This method currently detects no pattern for ASTS. The check runs daily after the close.

You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing

What does the pattern show?

What is this? After strong news, usually earnings, the price opened above the previous day’s high and closed much higher on heavy volume. Such moves often continue for a few more days.

This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

Fundamental analysis

AST SpaceMobile · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Mar 2, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality 1 of 6 met · 2 without data

  • no data: Gross margin above 40% not stated in the SEC filings
  • no data: Operating margin above 15% not stated in the SEC filings
  • not met: Net margin above 10% −482.2%
  • not met: Return on equity above 15% −14.3%
  • not met: Free cash flow margin above 10% −1,602.2%
  • not met: Profit in each of the last 5 fiscal years 0 of 5
  • not met: Free cash flow positive in each of the last 3 fiscal years 0 of 3
  • met: Equity ratio above 30% 47.7%
Net margin

−482.2% Fiscal year 2025

Rank 3 of 100: higher than 3% of 237 peers (All). weak.

Profit after all costs, interest and taxes divided by revenue.

Return on equity

−14.3% Fiscal year 2025

Rank 10 of 100: higher than 10% of 218 peers (All). weak.

Net income divided by equity at fiscal year end.

Return on assets

−6.8% Fiscal year 2025 (total assets at year end)

Rank 11 of 100: higher than 11% of 238 peers (All). weak.

Net income divided by total assets at fiscal year end.

Equity ratio

47.7% Fiscal year 2025

Rank 66 of 100: higher than 66% of 239 peers (All). medium.

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

−1,602.2% Fiscal year 2025

Rank 1 of 100: higher than 1% of 213 peers (All). weak.

Free cash flow divided by revenue.

Free cash flow

−1.1B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 4 of 4 met · 3 without data

  • met: Over 3 years, revenue grew by more than 5% per year +72.5%
  • met: Over 5 years, revenue grew by more than 5% per year +64.1%
  • no data: Over 10 years, revenue grew by more than 5% per year no comparable figures over 10 years
  • no data: Over 3 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • met: Revenue rose in at least 4 of the last 5 fiscal years 4 of 5
  • met: Revenue rose in the last fiscal year +1,511.8%
Revenue growth 3 years

+72.5% per year

Rank 93 of 100: higher than 93% of 230 peers (All). strong.

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+64.1% per year

Rank 94 of 100: higher than 94% of 217 peers (All). strong.

Average growth per year over 5 fiscal years.

Dividend 0 of 1 met · 6 without data

  • not met: Pays a dividend no dividend per share reported for the last fiscal year
  • no data: Payout ratio at most 60% of earnings pays no dividend
  • no data: Dividend paid in each of the last 5 fiscal years pays no dividend
  • no data: Dividend per share never lowered in the last 5 fiscal years pays no dividend
  • no data: Dividend per share higher than 5 years ago pays no dividend
  • no data: Free cash flow per share covers the dividend pays no dividend
  • no data: Dividends paid over the last 5 years covered by free cash flow pays no dividend

Financial strength 3 of 5 met · 1 without data

  • not met: Piotroski F-Score at least 7 of 9 4 of 8 · 1 without data
  • met: Long-term debt no higher than equity 0.92
  • met: Current assets cover current liabilities 16.35
  • met: Positive equity 2.4B USD
  • no data: In 5 years, share count up by at most 5% no comparable share count 5 years ago
  • not met: Free cash flow positive in the last fiscal year −1.1B USD
Piotroski F-Score

4 of 8 Fiscal year 2025

No rank: not all 9 criteria have data.

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

0.92 at fiscal year end

Rank 36 of 100: lower than 36% of 199 peers (All). medium.

Long-term financial debt divided by equity.

Liquidity (current ratio)

16.35 at fiscal year end

Rank 97 of 100: higher than 97% of 215 peers (All). strong.

Current assets divided by current liabilities.

The 9 criteria of the Piotroski F-Score
  • not met: Profit in the last fiscal year (positive return on assets)
  • not met: Positive operating cash flow
  • met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • not met: Long-term debt relative to total assets fell
  • met: Liquidity (current assets / current liabilities) rose
  • not met: No additional shares (diluted share count did not rise)
  • no data: Gross margin higher than the prior year
  • met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light green: Revenue grew over 5 years (+64.1% per year).
  • Light red: Loss in the last fiscal year.
  • Light red: Profit in 1 of 6 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 6.0M USD · Net income 191.2K USD · Net margin 3.2%
  2. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 12.4M USD · Net income −30.6M USD · Net margin −246.3%
  3. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 13.8M USD · Net income −31.6M USD · Net margin −228.9%
  4. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 0.0 USD · Net income −87.6M USD · Net margin not available
  5. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 4.4M USD · Net income −300.1M USD · Net margin −6,820.1%
  6. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 70.9M USD · Net income −341.9M USD · Net margin −482.2%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 70.9M USD · Net income −341.9M USD · Net margin −482.2%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, no profit was left.

Net loss: −482.2% of revenue

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue70.9M USD100.0%
Costs, taxes & other412.9M USD582.2%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

Gross marginOperating marginNet margin Margins above ±200% hidden (revenue very small relative to the result).
  1. Fiscal year 2020: Gross margin 49.3% · Operating margin −18.8% · Net margin 3.2%
  2. Fiscal year 2021: Gross margin 39.0% · Operating margin not available · Net margin not available
  3. Fiscal year 2022: Gross margin 51.4% · Operating margin not available · Net margin not available
  4. Fiscal year 2023: Gross margin not available · Operating margin not available · Net margin not available
  5. Fiscal year 2024: Gross margin not available · Operating margin not available · Net margin not available
  6. Fiscal year 2025: Gross margin not available · Operating margin not available · Net margin not available

Returns

Return on equity fell in 4 years from −8.7% to −14.3%.

Return on equityReturn on assets
  1. Fiscal year 2020: Return on equity not available · Return on assets not available
  2. Fiscal year 2021: Return on equity −8.7% · Return on assets −6.9%
  3. Fiscal year 2022: Return on equity −8.8% · Return on assets −7.2%
  4. Fiscal year 2023: Return on equity −41.0% · Return on assets −24.3%
  5. Fiscal year 2024: Return on equity −44.8% · Return on assets −31.4%
  6. Fiscal year 2025: Return on equity −14.3% · Return on assets −6.8%

Equity and long-term debt

The equity ratio fell in 4 years from 79.3% to 47.7%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2020: Equity not available · Long-term debt not available
  2. Fiscal year 2021: Equity 352.0M USD · Long-term debt 5.0M USD
  3. Fiscal year 2022: Equity 359.8M USD · Long-term debt 4.8M USD
  4. Fiscal year 2023: Equity 213.6M USD · Long-term debt 59.3M USD
  5. Fiscal year 2024: Equity 669.1M USD · Long-term debt 155.6M USD
  6. Fiscal year 2025: Equity 2.4B USD · Long-term debt 2.2B USD

Liquidity (current ratio)

The current ratio rose in 4 years from 15.71 to 16.35.

Current ratio
  1. Fiscal year 2020: Current ratio not available
  2. Fiscal year 2021: Current ratio 15.71
  3. Fiscal year 2022: Current ratio 9.65
  4. Fiscal year 2023: Current ratio 2.31
  5. Fiscal year 2024: Current ratio 7.90
  6. Fiscal year 2025: Current ratio 16.35

Cash flow

Free cash flow fell in 5 years from −9.0M USD to −1.1B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2020: Operating cash flow −862.6K USD · Capital expenditure 8.1M USD · Free cash flow −9.0M USD
  2. Fiscal year 2021: Operating cash flow −80.1M USD · Capital expenditure 15.1M USD · Free cash flow −95.2M USD
  3. Fiscal year 2022: Operating cash flow −156.5M USD · Capital expenditure 30.3M USD · Free cash flow −186.8M USD
  4. Fiscal year 2023: Operating cash flow −148.9M USD · Capital expenditure 118.8M USD · Free cash flow −267.7M USD
  5. Fiscal year 2024: Operating cash flow −126.1M USD · Capital expenditure 174.1M USD · Free cash flow −300.3M USD
  6. Fiscal year 2025: Operating cash flow −71.5M USD · Capital expenditure 1.1B USD · Free cash flow −1.1B USD

Share count

The share count rose in 2 years by 212.8% – more new shares were issued than repurchased (dilution).

Diluted share count
  1. Fiscal year 2020: Diluted share count not available
  2. Fiscal year 2021: Diluted share count not available
  3. Fiscal year 2022: Diluted share count not available
  4. Fiscal year 2023: Diluted share count 81.8M
  5. Fiscal year 2024: Diluted share count 154.5M
  6. Fiscal year 2025: Diluted share count 256.0M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
none pays no dividend

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Key figures with traffic lights

Each light follows a simple, disclosed rule. This symbol has no sector assignment – lights with a sector comparison stay gray or use only the basic rule.

Revenue growth

Light green: growing

+64.1% per year, last 5 years

What does this mean? Revenue: over 5 years it grew by 64.1% per year on average. Comparable values for a sector comparison are missing.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light gray: not computable

– per year, last 5 years

per share: not available

What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light red: Loss

−482.2% last fiscal year

What does this mean? Of every 100 USD in revenue there was no profit but a loss of 482.16 USD. Five years ago the margin was 3.2%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light gray: no comparison

1.24 latest balance sheet

What does this mean? For every 1 USD of equity there is 1.24 USD of financial debt. Without a sector comparison this is hard to put into context.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: none found

– Dividend / earnings per share

What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light red: 5 loss years

1 of 6 fiscal years with a profit

What does this mean? In 1 of the last 6 fiscal years the bottom line showed a profit. 5 years ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
70.9M USD
Revenue vs. prior year
+1,511.8%
Net income (FY)
−341.9M USD
Net income vs. prior year
–
EPS (FY)
–
13F funds with a position
1 of 9
Funds vs. prior quarter
−1
Shares held vs. prior quarter
−98.4%
Fiscal year to Dec 31, 2025 · 10-K filed Mar 2, 2026 · Balance sheet Jun 30, 2026 (filed Aug 10, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 70.9M−341.9M −482.2% – – –
2024Dec 31, 2024 4.4M−300.1M −6,820.1% – – –
2023Dec 31, 2023 0.0−87.6M – – – –
2022Dec 31, 2022 13.8M−31.6M −228.9% – – –
2021Dec 31, 2021 12.4M−30.6M −246.3% – – –
2020Dec 31, 2020 6.0M191.2K 3.2% – – –
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 31.5M−230.9M −732.6% – – –
Q1/26Mar 31, 2026 14.7M−191.0M −1,296.3% – – –
Q4/25*Dec 31, 2025 54.3M−74.0M −136.2% – – –
Q3/25Sep 30, 2025 14.7M−122.9M −833.7% – – –
Q2/25Jun 30, 2025 1.2M−99.4M −8,598.1% – – –
Q1/25Mar 31, 2025 718.0K−45.7M −6,365.7% – – –
Q4/24*Dec 31, 2024 1.9M−35.9M −1,887.2% – – –
Q3/24Sep 30, 2024 1.1M−171.9M −15,631.5% – – –
Q2/24Jun 30, 2024 900.0K−72.6M −8,061.1% – – –
Q1/24Mar 31, 2024 500.0K−19.7M −3,946.0% – – –
Q4/23*Dec 31, 2023 –−31.9M – – – –
Q3/23Sep 30, 2023 0.0−20.9M – – – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $619.2K1 person $3.1M2 people −$2.4M
6 months $619.2K1 person $12.8M4 people −$12.2M
12 months $806.4K2 people $451.6M7 people −$450.8M

Latest transactions

  • Sep 16, 2026 Yao Huiwen Officer Open-market sale · 10b5-1 plan 40,000 shares · $2.4M · SEC
  • Sep 16, 2026 Gupta Shanti B. Officer Open-market sale 12,000 shares · $706.7K · SEC
  • Aug 31, 2026 Cisneros Adriana Director Open-market purchase 670 shares · $39.4K · SEC
  • Aug 31, 2026 Cisneros Adriana Director Open-market purchase 8,768 shares · $499.8K · SEC
  • Aug 31, 2026 Cisneros Adriana Director Open-market purchase 1,384 shares · $80.0K · SEC
  • Jun 11, 2026 Johnson Andrew Martin Chief financial officer (CFO), Director Open-market sale 45,809 shares · $4.3M · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -80

Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200-20
ADX (trend strength)-15
Highs and lows+0
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)34.1
Rel. strength 60 d−34.6%

ATR and moving averages as price values only when logged in.

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