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AST SpaceMobile, Inc.

ASTS NASDAQ Categories PDF
Technology · Communication Equipment · United States · Updated Apr 28, 5:01pm
$71.88
Price
$28.6B
Market Cap
578
Employees
2.80
Beta
Abel Avellan
CEO
Business Description

AST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.

Business History
Price Overview
Last updated: Apr 29, 2026 6:22am (just now)
$71.88
-5.32 (-6.89%)
Day Range
$71.00 – $76.61
52-Week Range
$22.07 – $129.89
50-Day MA
$87.20
200-Day MA
$73.48
Volume
14,845,377.00
Analyst Price Targets
Low $45.60
Consensus $103.65
High $137.00
(16 analysts)
Share Structure
Outstanding 292,637,039.00
Float 253,119,333.00
Free Float 86.5%
High free float — 86.5% of shares trade freely, ~13.5% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
Industry comparison last run: Apr 13, 2026 10:06am
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-53.64
Stock Price: $71.88
EPS (Diluted): -1.34
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
10.10
Stock Price: $71.88
Total Equity: $1.84B
Shares: 255,982,592
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-74.08
Market Cap: $28.65B
Total Debt: $2.22B
Cash: $2.34B
EBITDA: -$369.93M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$25.2B
Market Cap: $28.65B
Total Debt: $2.22B
Cash: $2.34B
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
53.4%
Gross Profit: $37.89M
Revenue: $70.92M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-405.7%
Operating Income: -$287.71M
Revenue: $70.92M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-482.2%
Net Income: -$341.94M
Revenue: $70.92M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-30.3%
Net Income: -$341.94M
Total Equity: $1.84B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-5.9%
Operating Income: -$287.71M
Tax Rate: -0.9%
Equity: $1.84B
Total Debt: $2.22B
Cash: $2.34B
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
16.35
Current Assets: $2.46B
Current Liabilities: $150.34M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
1.21
Short-Term Debt: $14.45M
Long-Term Debt: $2.21B
Total Debt: $2.22B
Total Equity: $1.84B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.28
Revenue: $70.92M
Shares: 255,982,592
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$7.19
Total Equity: $1.84B
Shares: 255,982,592
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-4.44
Operating CF: -$71.52M
CapEx: -$1.06B
Shares: 255,982,592
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $71.88
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$341.94M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ASTS against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
Not applicable for Pre Profit Growth companies
4b Earnings Power Value — Floor value — worth with zero growth
Not applicable for Pre Profit Growth companies
4c Anchored PE — Industry PE adjusted for growth differential
Not applicable for Pre Profit Growth companies
4d Reverse DCF — What growth is the market pricing in?
Not applicable for Pre Profit Growth companies
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
Not applicable for Pre Profit Growth companies
4i Book Value Analysis — For deep value / turnaround stocks only
Not applicable for Pre Profit Growth companies
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $12.4M $13.8M $0 $4.4M $70.9M
Cost of Revenue $7.6M $6.7M $0 $0 $33.0M
Gross Profit $4.8M $7.1M $0 $4.4M $37.9M
Operating Expenses $88.7M $152.9M $222.4M $247.2M $325.6M
Operating Income -$83.8M -$145.8M -$222.4M -$242.8M -$287.7M
Net Income -$30.6M -$31.6M -$87.6M -$300.1M -$341.9M
EBITDA -$83.8M -$97.6M -$162.0M -$443.0M -$369.9M
EPS $-0.37 $-0.58 $-1.07 $-1.94 $-1.34
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $321.8M $238.6M $85.6M $565.0M $2.3B
Total Current Assets $335.8M $268.3M $106.9M $600.2M $2.5B
Total Assets $443.9M $438.4M $360.9M $954.6M $5.0B
Current Liabilities $21.4M $27.8M $46.2M $75.9M $150.3M
Long-Term Debt $5.0M $4.8M $59.3M $155.6M $2.2B
Total Liabilities $92.0M $78.5M $147.3M $285.4M $2.6B
Total Equity $100.3M $133.5M $99.0M $479.1M $1.8B
Retained Earnings -$70.5M -$102.1M -$189.7M -$489.7M -$831.7M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$80.1M -$156.5M -$148.9M -$126.1M -$71.5M
Capital Expenditure -$54.8M -$57.3M -$118.8M -$174.1M -$1.1B
Free Cash Flow -$134.9M -$213.7M -$267.7M -$300.3M -$1.1B
Acquisitions (net) $0 $25.9M $0 $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $281.8M -$85.3M -$151.2M $479.4M $2.2B
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $840.5M
$740.6M – $921.9M
 $1.9B
$1.9B – $2.0B
 $3.2B
$2.5B – $3.7B
 $4.1B
$3.2B – $4.8B
EBITDA -$504.3M
-$553.1M – -$444.4M
 -$1.2B
-$1.2B – -$1.1B
 -$1.9B
-$2.2B – -$1.5B
 -$2.4B
-$2.9B – -$1.9B
Net Income $117.4M
-$4.6B – $4.1B
 $288.8M
$172.1M – $405.6M
 $671.0M
$491.2M – $830.9M
 $1.1B
$783.9M – $1.3B
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +11.4% -100.0% — +1,505.2%
Gross Profit Growth +46.9% -100.0% — +757.5%
Operating Income Growth -73.9% -52.6% -9.2% -18.5%
Net Income Growth -3.6% -176.7% -242.7% -13.9%
EBITDA Growth -16.4% -66.1% -173.4% +16.5%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2024-10-10 Rakuten Group, Inc. 0.00 $0.00 $0
2026-04-14 Mikitani Hiroshi S-Sale 1,690,000.00 $91.42 $154.5M
2026-04-15 Mikitani Hiroshi S-Sale 1,350,000.00 $86.22 $116.4M
2026-03-31 Johnson Andrew Martin F-InKind 12,167.00 $82.87 $1.0M
2026-03-31 Gupta Shanti B. F-InKind 8,357.00 $82.87 $692,545
2026-03-31 Avellan Abel Antonio F-InKind 22,490.00 $82.87 $1.9M
2026-03-31 Wisniewski Scott F-InKind 15,241.00 $82.87 $1.3M
2026-03-24 Johnson Andrew Martin A-Award 100,000.00 $0.00 $0
2026-03-24 Wisniewski Scott A-Award 123,437.00 $0.00 $0
2026-03-24 Avellan Abel Antonio A-Award 184,375.00 $0.00 $0
2026-03-24 Gupta Shanti B. A-Award 54,687.00 $0.00 $0
2026-03-23 Yao Huiwen S-Sale 40,000.00 $88.88 $3.6M
2026-03-21 Bernal Maya F-InKind 3,664.00 $89.93 $329,504
2025-03-17 Wisniewski Scott S-Sale 47,000.00 $94.75 $4.5M
2025-03-17 Wisniewski Scott G-Gift 3,000.00 $0.00 $0
2026-03-11 Yao Huiwen X-InTheMoney 40,000.00 $0.06 $2,564
2026-03-11 Yao Huiwen X-InTheMoney 40,000.00 $0.06 $2,564
2026-02-15 Bernal Maya F-InKind 833.00 $82.51 $68,731
2024-09-15 Gupta Shanti B. F-InKind 25,575.00 $29.83 $762,902
2025-12-24 LARSON KEITH R P-Purchase 625.00 $80.00 $50,000
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.160 · 51706a6 · 2026-04-27 18:34:15