Astrotech Corp is a US-listed company in the life sciences tools & services industry. Its financial year ends in June.
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Astrotech Corp valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Astrotech has little or no product revenue yet; it used $14m of cash in the twelve months to June 2026. The diluted share count is up 2.1% on a year earlier, which dilutes existing holders. It passes 2 of our 2 financial-health checks.
Our model value for Astrotech is under review, so past values are not shown until it is resolved.
Source: 10-K filed September 25, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Astrotech Corp's trailing-twelve-month revenue grew 62.2% year on year, with a free-cash-flow margin of -842.6%.
Current signal Revenue growth accelerating: TTM revenue growth rose to 62.2% (+54.8pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
| At fiscal year end | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share price | $253.50 | $136.50 | $93.00 | $75.00 | $85.50 | $39.90 | $12.90 | $14.16 | $8.90 | $5.78 | $10.91 |
| Market value | $34m | $19m | $13m | $12m | $18m | $29m | $21m | $23m | $15m | $10m | $19m |
| + Net debt (− = net cash) | −$4m | −$2m | −$552000 | −$2m | −$3m | −$35m | $0 | $0 | $0 | −$3m | −$8m |
| Enterprise value | $30m | $16m | $12m | $11m | $15m | −$6m | $21m | $23m | $15m | $7m | $10m |
| Multiples | |||||||||||
| Price / sales | 12.9x | 8.0x | 146.4x | 97.2x | 37.1x | 87.5x | 23.6x | 30.6x | 8.6x | 9.6x | 20.3x |
| Price / earnings | — | — | — | — | — | — | — | — | — | — | — |
| Price / free cash flow | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
Weak moat
How hard Astrotech's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Cash operating profit has been a median -30.5% of total assets over 10 years.
Gross margin has been a median 35.0%, moving by 16.6 percentage points (standard deviation) across 10 years.
Operating margin has been a median -1439.7%; its worst year was -15508.1%.
Free cash flow was positive in 0 of 10 years, at a median -1288.3% of revenue.
The diluted share count rose 932.4% over five years; stock-based pay has been a median 131.8% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (14 before it).
No analyst estimates are published for Astrotech Corp: too few analysts cover it.
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Dec 2016 | −$18.00 | −$19.50 | −8.3% |
| Sept 2016 | −$24.00 | −$25.50 | −6.2% |
Adjusted EPS as companies report it, against the average analyst estimate.
Last 12 months +21.7%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $1m | $2m | +62.2% |
| P/S multiple | 6.1x | 4.7x | −23.4% |
| Share count | 2m | 2m | −2.1% |
Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.
Last 3 years −50.4%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $750000 | $2m | +126.8% |
| P/S multiple | 20.5x | 4.7x | −77.1% |
| Share count | 2m | 2m | −4.7% |
Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| ASTC | −62% | −51% | −15% | −21% | −49% | +36% |
| Industry peers (median) | +5% | −53% | −3% | −13% | −2% | +15% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| ASTC | 33% | 33% | 50% | 42% | 8% | 36% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| ASTC | −84% | −59% | −51% | −42% | −62% | −91% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 99% from March 9, 2016 to March 26, 2026. Getting back needed a 16352% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| September 25, 2026 | +6.4% | −0.2% | −1.7% | −30.2% |
| May 13, 2026 | −3.3% | +1.4% | −11.9% | +604.1% |
| February 13, 2026 | −3.1% | +0.2% | −2.8% | −16.6% |
| November 13, 2025 | −0.3% | −1.7% | −12.5% | +5.8% |
| September 25, 2025 | −2.7% | +0.1% | −6.4% | −21.0% |
| May 13, 2025 | 0.0% | +0.8% | −1.2% | −3.9% |
| February 14, 2025 | +2.9% | +0.3% | −6.9% | −1.8% |
| November 12, 2024 | −3.6% | −0.3% | −0.3% | −6.5% |
| September 19, 2024 | −5.9% | +1.5% | −1.5% | +0.7% |
| May 13, 2024 | −2.5% | +0.5% | +4.2% | −1.9% |
| February 12, 2024 | −2.4% | −1.4% | −8.4% | −1.2% |
| November 13, 2023 | −0.8% | +1.8% | −1.3% | +1.2% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY24 Q1 | $1.1M |
| FY24 Q2 | $2M |
| FY24 Q3 | $2M |
| FY24 Q4 | $1.7M |
| FY25 Q1 | $1.3M |
| FY25 Q2 | $455K |
| FY25 Q3 | $939K |
| FY25 Q4 | $1M |
| FY26 Q1 | $1.3M |
| FY26 Q2 | $1.2M |
| FY26 Q3 | $1M |
| FY26 Q4 | $1.7M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY24 Q1 | 57.9% |
| FY24 Q2 | 371.3% |
| FY24 Q3 | 456.7% |
| FY24 Q4 | 126.7% |
| FY25 Q1 | 15.1% |
| FY25 Q2 | -77.1% |
| FY25 Q3 | -53.1% |
| FY25 Q4 | -38.3% |
| FY26 Q1 | 0.2% |
| FY26 Q2 | 163.5% |
| FY26 Q3 | 7.3% |
| FY26 Q4 | 62.2% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY24 Q1 | -1023.0% |
| FY24 Q2 | -597.5% |
| FY24 Q3 | -632.1% |
| FY24 Q4 | -781.2% |
| FY25 Q1 | -1036.9% |
| FY25 Q2 | -3258.5% |
| FY25 Q3 | -1614.5% |
| FY25 Q4 | -1404.6% |
| FY26 Q1 | -1116.0% |
| FY26 Q2 | -1186.2% |
| FY26 Q3 | -1369.8% |
| FY26 Q4 | -831.2% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY24 Q1 | -858.0% |
| FY24 Q2 | -483.1% |
| FY24 Q3 | -466.8% |
| FY24 Q4 | -606.1% |
| FY25 Q1 | -848.7% |
| FY25 Q2 | -2751.4% |
| FY25 Q3 | -1473.4% |
| FY25 Q4 | -1314.1% |
| FY26 Q1 | -1089.2% |
| FY26 Q2 | -1241.1% |
| FY26 Q3 | -1461.4% |
| FY26 Q4 | -842.6% |
| Fiscal year | 2011 Jun 2011 | 2012 Jun 2012 | 2013 Jun 2013 | 2014 Jun 2014 | 2015 Jun 2015 | 2016 Jun 2016 | 2017 Jun 2017 | 2018 Jun 2018 | 2019 Jun 2019 | 2020 Jun 2020 | 2021 Jun 2021 | 2022 Jun 2022 | 2023 Jun 2023 | 2024 Jun 2024 | 2025 Jun 2025 | 2026 Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||||||||
| Revenue | 20 | 26 | 24 | 0 | 1 | 3 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 1 | 1 |
| Gross profit | 6 | 7 | 8 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| EBITDA | −3 | −0 | 2 | −10 | −16 | −13 | −11 | −13 | −8 | −8 | −8 | −8 | −11 | −13 | −14 | −13 |
| Operating income | −6 | −2 | −1 | −10 | −16 | −14 | −12 | −13 | −8 | −8 | −8 | −9 | −11 | −13 | −15 | −14 |
| Net income | −5 | −3 | −0 | −5 | 11 | −13 | −12 | −13 | −8 | −8 | −8 | −8 | −10 | −12 | −14 | −14 |
| Diluted EPS | −$42.00 | −$22.50 | $1.50 | $37.50 | $78.00 | −$19.20 | −$85.20 | −$97.80 | −$45.90 | −$39.30 | −$10.50 | — | — | — | — | — |
| Growth (year on year) | ||||||||||||||||
| Revenue | — | +29.7% | −8.2% | −99.5% | +294.6% | +420.7% | −12.8% | −96.3% | +47.7% | +284.3% | −31.6% | +160.2% | −13.7% | +126.7% | −41.2% | −8.7% |
| EBITDA | — | — | — | −754.1% | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | — | — | −221.5% | — | — | — | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | −124.6% | — | — | — | — | — | — | — | — | — | — |
| Margins | ||||||||||||||||
| Gross margin | 32.2% | 28.1% | 34.6% | 100.0% | 17.3% | 12.7% | 44.5% | 58.1% | 29.1% | 8.0% | 10.8% | 22.1% | 40.8% | 44.2% | 47.5% | 23.8% |
| EBITDA margin | −17.1% | −0.2% | 6.5% | <−999% | <−999% | −495.6% | −487.5% | <−999% | <−999% | <−999% | <−999% | −961.9% | <−999% | −738.2% | <−999% | <−999% |
| Operating margin | −28.6% | −8.8% | −2.3% | <−999% | <−999% | −518.1% | −518.0% | <−999% | <−999% | <−999% | <−999% | −989.1% | <−999% | −781.2% | <−999% | <−999% |
| Net margin | −24.7% | −10.4% | −0.8% | <−999% | >999% | −490.3% | −497.5% | <−999% | <−999% | <−999% | <−999% | −958.6% | <−999% | −686.2% | <−999% | <−999% |
| Free-cash-flow margin | 42.0% | −20.5% | −19.8% | −540.0% | <−999% | −529.1% | −400.3% | <−999% | <−999% | <−999% | <−999% | −850.2% | <−999% | −606.1% | <−999% | <−999% |
| Cash flow | ||||||||||||||||
| Cash from operations | 9 | −4 | −3 | −1 | −11 | −13 | −9 | −11 | −8 | −7 | −7 | −7 | −8 | −10 | −13 | −13 |
| Capital spending | 1 | 1 | 2 | 0 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 |
| Free cash flow | 8 | −5 | −5 | −1 | −13 | −14 | −9 | −11 | −8 | −7 | −8 | −7 | −9 | −10 | −14 | −14 |
| Stock-based pay | 1 | 1 | 0 | 1 | 5 | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 |
| Free cash flow after stock pay | 7 | −6 | −5 | −1 | −18 | −15 | −10 | −11 | −9 | −7 | −8 | −9 | −11 | −12 | −15 | −15 |
| Balance sheet | ||||||||||||||||
| Cash | 15 | 10 | 5 | 4 | 2 | 4 | 2 | 1 | 2 | 3 | 36 | — | — | — | 3 | 8 |
| Total debt | 7 | 6 | 6 | 6 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Net debt (negative = net cash) | −8 | −4 | 1 | 2 | −2 | −4 | −2 | −1 | −2 | −3 | −35 | — | — | — | −3 | −8 |
| Diluted shares | — | — | — | — | — | — | — | — | — | — | — | 2m | 2m | 2m | 2m | 2m |
| Returned to shareholders | ||||||||||||||||
| Buybacks | — | — | — | 0 | 2 | 0 | 1 | 0 | 0 | 0 | — | 0 | 0 | 0 | — | — |
| Total returned | — | — | — | 0 | 2 | 0 | 1 | 0 | 0 | 0 | — | 0 | 0 | 0 | — | — |
| Quarter | 2025 Q1 Sept 2024 | 2025 Q2 Dec 2024 | 2025 Q3 Mar 2025 | 2025 Q4 Jun 2025 | 2026 Q1 Sept 2025 | 2026 Q2 Dec 2025 | 2026 Q3 Mar 2026 | 2026 Q4 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 34 | 261 | 534 | 220 | 297 | 148 | 343 | 913 |
| Gross profit | 9 | 155 | 237 | 74 | 188 | 8 | 67 | −45 |
| EBITDA | −3,396 | −4,082 | −3,620 | −2,674 | −3,300 | −3,679 | −3,226 | −3,036 |
| Operating income | −3,628 | −4,321 | −3,867 | −2,918 | −3,536 | −3,901 | −3,453 | −3,248 |
| Net income | −3,278 | −4,009 | −3,633 | −2,930 | −3,465 | −3,927 | −3,768 | −3,266 |
| Growth (year on year) | ||||||||
| Revenue | −92.0% | −76.6% | +968.0% | +100.0% | +773.5% | −43.3% | −35.8% | +315.0% |
| Margins | ||||||||
| Gross margin | 26.5% | 59.4% | 44.4% | 33.6% | 63.3% | 5.4% | 19.5% | −4.9% |
| EBITDA margin | <−999% | <−999% | −677.9% | <−999% | <−999% | <−999% | −940.5% | −332.5% |
| Operating margin | <−999% | <−999% | −724.2% | <−999% | <−999% | <−999% | <−999% | −355.8% |
| Net margin | <−999% | <−999% | −680.3% | <−999% | <−999% | <−999% | <−999% | −357.7% |
| Free-cash-flow margin | <−999% | <−999% | −718.0% | <−999% | <−999% | <−999% | <−999% | −253.0% |
| Cash flow | ||||||||
| Cash from operations | −3,686 | −3,044 | −3,861 | −2,361 | −3,936 | −3,543 | −3,686 | −2,288 |
| Capital spending | 193 | 319 | −27 | 348 | 448 | 411 | −2 | 22 |
| Free cash flow | −3,879 | −3,363 | −3,834 | −2,709 | −4,384 | −3,954 | −3,684 | −2,310 |
| Stock-based pay | 216 | 261 | 152 | 201 | 304 | 190 | 245 | 181 |
| Free cash flow after stock pay | −4,095 | −3,624 | −3,986 | −2,910 | −4,688 | −4,144 | −3,929 | −2,491 |
| Last 12 months unless stated | ASTC | QSI | BGLC | YDES | ISPC | SEER | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $2m | $2m | $3m | $596817 | $466302 | $14m | $209m |
| Revenue growth, last 12 months | 62.2% | −53.0% | −67.3% | 16.9% | −92.1% | −12.7% | 6.9% |
| Revenue growth, 3-year average | 31.4% | 51.8% | −32.9% | — | −64.1% | −5.1% | 2.9% |
| Revenue growth, latest quarter | 315.0% | −41.8% | −96.6% | — | −78.7% | −23.4% | 8.5% |
| Gross margin | 12.8% | 35.0% | 12.3% | 28.1% | −98.0% | 47.7% | 50.9% |
| Operating margin | −831.2% | <−999% | −81.8% | −883.3% | <−999% | −498.2% | −16.5% |
| Operating margin, 3-year average | <−999% | <−999% | −45.3% | — | −768.0% | −575.4% | −23.3% |
| Net margin | −848.1% | <−999% | −82.4% | <−999% | <−999% | −478.0% | −20.0% |
| Cash from operations / revenue | −790.9% | <−999% | −27.1% | <−999% | <−999% | −305.1% | 0.7% |
| Free-cash-flow margin | −842.6% | <−999% | −27.3% | <−999% | <−999% | −311.1% | −3.1% |
| Free-cash-flow margin, 3-year average | −920.9% | <−999% | −29.5% | — | −549.8% | −335.4% | −0.4% |
| Stock pay / revenue | 54.1% | 693.5% | — | 75.1% | 1.0% | 74.3% | 4.8% |
| Change in share count | 2.1% | 31.2% | — | 3.1% | — | 0.2% | 1.0% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Jane Street Group, LLC | $597,583 | 55K | 34.8% | New |
| Vanguard Capital Management LLC | $243,792 | 22K | 14.2% | ▲ 142.9% |
| Blackrock, Inc. | $220,150 | 20K | 12.8% | 0.0% |
| Geode Capital Management, LLC | $169,423 | 16K | 9.9% | ▼ 19.7% |
| J. Safra Sarasin Holding AG | $140,049 | 27K | 8.2% | 0.0% |
| State Street Corp | $120,697 | 11K | 7.0% | New |
| Scs Capital Management LLC | $119,955 | 11K | 7.0% | ▼ 6.5% |
| Vanguard Fiduciary Trust Co | $86,760 | 8K | 5.1% | ▲ 83.4% |
| Jones Financial Companies LLLP | $8,249 | 1K | 0.5% | New |
| Tower Research Capital LLC (TRC) | $7,274 | 1K | 0.4% | ▼ 70.5% |
| Morgan Stanley | $840 | 0K | 0.0% | New |
| UBS Group AG | $698 | 0K | 0.0% | ▼ 68.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Astrotech Corp's complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around December 24, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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