AST Spacemobile vs Anterix
AST Spacemobile is the larger business, with $70.9m of revenue in fiscal 2025 against $6.5m for Anterix (10.9 times as much). AST Spacemobile grew faster (413.0% against 7.8%). Anterix kept more of each dollar of sales as profit: a net margin of 1394.2% against -482.2%.
| Latest fiscal year | AST SpacemobileASTS, 2025 | AnterixATEX, 2026 |
|---|---|---|
| Revenue | $70.9m | $6.5m |
| Revenue growth | 413.0% | 7.8% |
| Net income | −$342m | $90.6m |
| Operating margin | — | 1444.9% |
| Net margin | -482.2% | 1394.2% |
| Return on equity | -22.3% | 43.3% |
| Free cash flow | −$1.14bn | $5.5m |
| Cash | $2.34bn | $98.5m |
| Total debt | $2.22bn | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $990,000 |
| Employees | 1,126 | 64 |
| Market value | $11.15bn | $1.64bn |
| Price vs our value range | — | — |
| Moat score | 12 (Weak) | 12 (Weak) |
| Insider trades, 12 months | 7 buys, 13 sales | 2 buys, 48 sales |