15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 2.9% per year over the past 5 years.
Operating margin has contracted, at -10256.7% in the latest year.
Financial health
Total debt has grown slower than revenue (-1.3% vs 2.9% per year).
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$76773
-$8M
0.0%
-10256.7%
-$7M
—
$3M
2024
$41893
-$9M
0.0%
-20378.5%
-$8M
—
$3M
2023
$458260
-$17M
0.0%
-3413.6%
-$13M
—
$1M
2022
$1M
-$20M
0.0%
-1394.8%
-$11M
—
$11M
2021
$607783
-$6M
0.0%
-1446.3%
-$10M
—
$6M
2020
$66613
$2M
0.0%
-3684.8%
—
—
$167725
2019
$638380
-$5M
0.0%
-509.6%
-$3M
$6M
—
2018
$862412
-$16M
0.0%
-761.8%
-$4M
$5M
$18159
2017
$642179
-$19M
0.0%
-2203.1%
-$13M
$5M
$89618
2016
—
-$39M
—
—
-$17M
$6M
$130946
2015
—
-$46M
—
—
-$22M
$6M
$326217
2014
—
-$43M
—
—
-$28M
$6M
$3M
2014
—
-$273M
—
—
-$266M
$6M
$986905
2014
—
-$261M
—
—
-$258M
$6M
$1M
2014
—
-$251M
—
—
-$252M
$6M
$2M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$51944
-$2M
0.0%
-4355.6%
-$2M
—
$16M
Dec '25
$15639
-$2M
0.0%
-13243.9%
—
—
$3M
Sep '25
$28549
-$2M
0.0%
-6892.3%
-$2M
—
$2M
Jun '25
$16961
-$2M
0.0%
-12316.8%
-$2M
—
$3M
Mar '25
$15624
-$2M
0.0%
-11177.9%
-$2M
—
$2M
Dec '24
$0
-$1M
—
—
—
—
$3M
Sep '24
$8550
-$2M
0.0%
-26443.2%
—
—
$4M
Jun '24
$27743
-$3M
0.0%
-8490.7%
—
—
$6M
Mar '24
$5600
-$3M
0.0%
-44206.0%
—
—
$187474
Dec '23
$2780
-$5M
0.0%
-183040.4%
—
—
$1M
Sep '23
$229954
-$2M
0.0%
-1034.1%
-$754843
—
$2M
Jun '23
$101301
-$4M
0.0%
-3111.0%
-$5M
—
$905621
Mar '23
$124225
-$6M
0.0%
-4045.3%
-$5M
—
$6M
Dec '22
$12661
-$5M
0.0%
-38793.8%
—
—
$11M
Sep '22
$6344
-$8M
0.0%
-120594.4%
-$3M
—
$3M
Jun '22
$637571
-$2M
0.0%
-358.0%
-$3M
—
$429272
Mar '22
$566210
-$4M
0.0%
-390.5%
-$3M
—
$3M
Dec '21
$50414
-$4M
0.0%
-6271.8%
—
—
$6M
Sep '21
$11723
-$3M
0.0%
-22694.1%
-$2M
—
$4M
Jun '21
$380488
-$2M
0.0%
-462.0%
—
—
$1M
Valuation over time
How the market has priced ASTI against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 1.4× (Mar '23) to 615.6× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is ASTI growing its revenue and profit?
Over the past 5 years, Ascent Solar Technologies, Inc.'s revenue has grown 2.9% per year. These are computed facts, not advice.
How much debt does ASTI have?
As of FY2025, Ascent Solar Technologies, Inc. reported — of total debt against $3M of cash.
What is ASTI's profit margin?
In FY2025, gross margin was —, operating margin -10256.7%, and net margin -10288.4%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.