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Stocks · Communication · Communications Services, NEC

AST SpaceMobile, Inc.

ASTS Clue Score56
United States Fiscal year ends December CIK 0001780312
$51.46 +0.97% Close, 12 Oct 2026
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Price $51.46 +377.37% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 1 Nov 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue6.0Operating income−1.1Net income−52.0Fiscal year 2021Revenue12.4 +107.9%Net income−30.6Fiscal year 2022Revenue13.8 +11.4%Net income−31.6Fiscal year 2023Revenue0.0 −100.0%Net income−87.6Fiscal year 2024Revenue13.8Net income−300.1Fiscal year 2025Revenue70.9 +413.0%Net income−341.9
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6.0 12.4 13.8 0.0 13.8 70.9
Growth +107.9% +11.4% −100.0% +413.0%
Operating income −1.1 n/a n/a n/a n/a n/a
Net income −52.0 −30.6 −31.6 −87.6 −300.1 −341.9
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin49.3%Operating margin−18.8%Net margin−870.8%Free cash flow margin−518.4%Fiscal year 2021Gross margin39.0%Net margin−246.3%Free cash flow margin−767.2%Fiscal year 2022Gross margin51.4%Net margin−228.9%Free cash flow margin−1,546.1%Fiscal year 2023Fiscal year 2024Net margin−2,170.6%Free cash flow margin−2,171.9%Fiscal year 2025Net margin−482.2%Free cash flow margin−1,602.2%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 49.3% 39.0% 51.4% n/a n/a n/a
Operating margin −18.8% n/a n/a n/a n/a n/a
Net margin −870.8% −246.3% −228.9% n/a −2,170.6% −482.2%
Free cash flow margin −518.4% −767.2% −1,546.1% n/a −2,171.9% −1,602.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−22.8Capital expenditure−8.1Free cash flow−30.9Fiscal year 2021Operating cash flow−80.1Capital expenditure−15.1Free cash flow−95.2Fiscal year 2022Operating cash flow−156.5Capital expenditure−57.3Free cash flow−213.7Fiscal year 2023Operating cash flow−148.9Capital expenditure−118.8Free cash flow−267.7Fiscal year 2024Operating cash flow−126.1Capital expenditure−174.1Free cash flow−300.3Fiscal year 2025Operating cash flow−71.5Capital expenditure−1,064.7Free cash flow−1,136.3
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −22.8 −80.1 −156.5 −148.9 −126.1 −71.5
Capital expenditure −8.1 −15.1 −57.3 −118.8 −174.1 −1,064.7
Free cash flow −30.9 −95.2 −213.7 −267.7 −300.3 −1,136.3
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash42.8Shareholders’ equity5.0Fiscal year 2021Cash321.8Total debt5.0Net cash (debt)316.8Shareholders’ equity352.0Debt to equity0.01Fiscal year 2022Cash238.6Total debt5.0Net cash (debt)233.6Shareholders’ equity359.8Debt to equity0.01Fiscal year 2023Cash85.6Total debt59.5Net cash (debt)26.1Shareholders’ equity213.6Debt to equity0.28Fiscal year 2024Cash565.0Total debt158.5Net cash (debt)406.5Shareholders’ equity669.1Debt to equity0.24Fiscal year 2025Cash2,335.7Total debt2,219.6Net cash (debt)116.1Shareholders’ equity2,392.3Debt to equity0.93
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 42.8 321.8 238.6 85.6 565.0 2,335.7
Total debt n/a 5.0 5.0 59.5 158.5 2,219.6
Net cash (debt) n/a 316.8 233.6 26.1 406.5 116.1
Shareholders’ equity 5.0 352.0 359.8 213.6 669.1 2,392.3
Debt to equity n/a 0.01 0.01 0.28 0.24 0.93

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
49.3% 39.0% 51.4% n/a n/a n/a
−18.8% n/a n/a n/a n/a n/a
−406.8% −587.9% −741.4% n/a −3,797.5% −644.6%
−870.8% −246.3% −228.9% n/a −2,170.6% −482.2%
−518.4% −767.2% −1,546.1% n/a −2,171.9% −1,602.2%
Spending
16.9% 189.0% 330.0% n/a 208.2% 39.6%
206.5% 287.3% 349.6% n/a 445.3% 143.4%
136.1% 121.6% 414.4% n/a 1,259.5% 1,501.4%
Returns
−1,039.2% −8.7% −8.8% −41.0% −44.8% −14.3%
−52.1% −6.9% −7.2% −24.3% −31.4% −6.8%
Balance and payout
n/a 0.01 0.01 0.28 0.24 0.93
19.7% 20.7% 17.9% 40.8% 29.9% 52.3%