6 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 →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $71M | -$342M | 0.0% | 0.0% | -$1.1B | $2.2B | $2.3B |
| 2024 | $4M | -$300M | 0.0% | 0.0% | -$300M | $158M | $565M |
| 2023 | $0 | -$88M | — | — | -$268M | $60M | $86M |
| 2022 | $14M | -$32M | 51.4% | 0.0% | -$214M | $5M | $239M |
| 2021 | $12M | -$31M | 39.0% | 0.0% | -$95M | $5M | $322M |
| 2020 | $6M | -$52M | 49.3% | -18.8% | -$31M | — | $43M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $15M | -$191M | 0.0% | 0.0% | -$310M | $3.0B | $3.0B |
| Dec '25 | $54M | -$74M | 0.0% | 0.0% | -$331M | $2.2B | $2.3B |
| Sep '25 | $15M | -$123M | 0.0% | 0.0% | -$303M | $707M | $1.2B |
| Jun '25 | $1M | -$99M | 0.0% | 0.0% | -$354M | $490M | $924M |
| Mar '25 | $718000 | -$46M | 0.0% | 0.0% | -$149M | $466M | $874M |
| Dec '24 | $2M | -$36M | 0.0% | 0.0% | -$110M | $158M | $565M |
| Sep '24 | $1M | -$172M | 0.0% | 0.0% | -$64M | $201M | $516M |
| Jun '24 | $900000 | -$73M | 0.0% | 0.0% | -$38M | $200M | $285M |
| Mar '24 | $500000 | -$20M | 0.0% | 0.0% | -$88M | $161M | $210M |
| Dec '23 | $0 | -$32M | — | — | -$47M | $60M | $86M |
| Sep '23 | $0 | -$21M | — | — | -$110M | $59M | $133M |
| Jun '23 | $0 | -$18M | — | — | -$58M | $5M | $191M |
| Mar '23 | $0 | -$16M | — | — | -$53M | $5M | $185M |
| Dec '22 | $0 | -$8M | — | — | -$46M | $5M | $239M |
| Sep '22 | $4M | -$10M | 39.4% | 0.0% | -$45M | $5M | $199M |
| Jun '22 | $7M | -$3M | 69.7% | 0.0% | -$70M | $5M | $202M |
| Mar '22 | $2M | -$11M | 17.0% | 0.0% | -$52M | $5M | $254M |
| Dec '21 | $6M | -$3M | 44.7% | 0.0% | -$25M | $5M | $322M |
| Sep '21 | $2M | $4M | 14.2% | 0.0% | -$25M | — | $360M |
| Jun '21 | $3M | — | 59.9% | 0.0% | -$34M | — | $403M |
How the market has priced ASTS 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.
Over the past 5 years, Ast Spacemobile, Inc.'s revenue has grown 64.1% per year. These are computed facts, not advice.
As of FY2025, Ast Spacemobile, Inc. reported $2.2B of total debt against $2.3B of cash.
In FY2025, gross margin was —, operating margin —, and net margin -482.2%.
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.