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ASTI Financials Ascent Solar Technologies, Inc.

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
-$273M -$136M $2M $0 2014 2014 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-21874% -9723% 2428% 0% 2014 2014 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$266M -$133M $0 2014 2014 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $6M $11M 2014 2014 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$137M $66M $269M $0 2014 2014 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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

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.

Price / sales (P/S)
0.0 451.7 903.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.