AST Spacemobile vs Surgepays
AST Spacemobile is the larger business, with $70.9m of revenue in fiscal 2025 against $57.0m for Surgepays (1.2 times as much). AST Spacemobile grew faster (413.0% against -6.4%). Surgepays kept more of each dollar of sales as profit: a net margin of -63.3% against -482.2%.
| Latest fiscal year | AST SpacemobileASTS, 2025 | SurgepaysSURG, 2025 |
|---|---|---|
| Revenue | $70.9m | $57.0m |
| Revenue growth | 413.0% | -6.4% |
| Net income | −$342m | −$36.1m |
| Operating margin | — | — |
| Net margin | -482.2% | -63.3% |
| Return on equity | -22.3% | — |
| Free cash flow | −$1.14bn | −$21.3m |
| Cash | $2.34bn | $1.7m |
| Total debt | $2.22bn | $22.1m |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 1,126 | — |
| Market value | $11.15bn | $4.1m |
| Price vs our value range | — | — |
| Moat score | 12 (Weak) | 18 (Weak) |
| Insider trades, 12 months | 7 buys, 13 sales | 5 buys, 0 sales |