undamentalytics Newsletter
Sign in

AST Spacemobile, Inc. (ASTS) stock

Add to watchlist

Add holding +

NASDAQ: ASTS Nasdaq Wireless Telecommunication Services Next results ~November 9, 2026

D Fundamentals grade

AST Spacemobile, Inc. is a US-listed company in the wireless telecommunication services industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: every model's value for AST Spacemobile, Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

AST Spacemobile, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 6 selling7 purchases and 13 sales by directors and officers, last 12 monthsInsider trades
  • Funds525 adding, 240 cuttingOf 51 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter AST Spacemobile files

Where AST Spacemobile stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $115m, up 2265.6% on a year earlier, faster than 1739.2% a quarter earlier. That growth ranks 1 of 931 among all the companies we cover. Free-cash-flow margin rose to -1420.7% from -13887.4% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 6 financial-health checks.

Our model value for AST Spacemobile is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 10, 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.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

AST Spacemobile, Inc.'s trailing-twelve-month revenue grew 706.3% year on year, with a free-cash-flow margin of -1420.7%. Where it stands out: revenue growth of 706.3% ranks 1 of 7 wireless telecommunication services companies we cover. Where it lags: net margin of -536.7% ranks 7 of 7 wireless telecommunication services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 142.0% while net income fell 75.3%: a 67pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 706.3% over the last 12 months, against a median of 16.6% for wireless telecommunication services companies we cover.
  • Growth speeding up. The growth rate is 201.5 points higher than a quarter earlier.

Things to watch

  • Loss-making. Operating margin is -38.6%: costs exceed revenue.
  • Burning cash. Free cash flow was -1420.7% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 128.3% of revenue: a real cost that cash-flow figures leave out.
  • High debt. Long-term debt exceeds cash by $0.7bn, more than 1.5 times annual revenue.
  • High sales multiple. The shares trade at 90 times revenue while operating margins remain thin.
  • Volatile shares. Over the past year the shares showed annualised volatility of 108% and a beta of 3.8 against the S&P 500.

Latest results: FY2026 Q2

Filed August 10, 2026
Earnings per share
-$0.77 against an average estimate of -$0.33: missed by 132.0%
Revenue
$32m, up 2626.6% on a year earlier
Share reaction
-0.4% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
Guidance given
full year 2026 revenue guidance $150m to $200m (full year 2026)
Next report
November 9, 2026; average EPS estimate -$0.44

AST Spacemobile's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-11.3%
  • 1 week-7.9%
  • 1 month-37.8%
  • This year-50.0%
  • 1 year-54.7%
  • 5 years+201.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$115M
Net margin
-536.7%
EPS (TTM, diluted)
$-2.16

Growth

Revenue growth
+706.3%
Change in growth rate
+201.5 pts

Cash

Free cash flow (TTM)
-$1.6B
FCF margin
-1420.7%
Stock pay % of revenue
128.3%

Earnings

Last results
August 10, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Leadership
  3. Announcement
  4. Insider trade
  5. Results
  6. Guidance
  7. Agreement
  8. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

AST Spacemobile, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value AST Spacemobile, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.3 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$5.6 ~$3.8–$7.4 Left out: out of range vs price (0.15x)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: This model is withheld pending its input or assumption review.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare AST Spacemobile, Inc. with Wireless Telecommunication Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20202021202320242025Now
Share price$13.58$7.94$6.03$21.10$72.63$36.33
Market value$234m$821m$987m$3.3bn$18.6bn$10.4bn
+ Net debt (− = net cash)−$43m−$317m−$26m−$406m−$116m$684m
Enterprise value$191m$505m$961m$2.9bn$18.5bn$11.1bn
Multiples
Price / sales 39.1x66.2x—n/mn/m90.4x
Price / earnings ——————
Price / free cash flow ——————
EV / EBITDA ——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

12 /100

Weak moat

How hard AST Spacemobile's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -12.7% of total assets over 7 years.

  • Durability 10 / 20

    Net margin has been a median -761.9%; its worst year was -10365.4%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 6 years, at a median -2254.1% 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 (17 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $46m and EPS of −$0.44 (range −$0.52 to −$0.32) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$2.29 −71% $167m +136%
Next −$1.28 +44% $609m +264%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +65.5% on 90 days ago. In the last 30 days, 0 analysts raised AST Spacemobile, Inc.'s forecast and 0 cut it.

Consensus EPS forecast AST Spacemobile, Inc., last 90 days
−$3.00 −$2.00 −$1.00 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$1.39 Current fiscal year, 60 days ago: −$2.28 Current fiscal year, 30 days ago: −$2.28 Current fiscal year, 7 days ago: −$2.29 Current fiscal year, Now: −$2.29 −$2.29 Next fiscal year, 90 days ago: −$0.69 Next fiscal year, 60 days ago: −$1.05 Next fiscal year, 30 days ago: −$1.10 Next fiscal year, 7 days ago: −$1.28 Next fiscal year, Now: −$1.28 −$1.28

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$1.39−$0.69
60 days ago −$2.28−$1.05
30 days ago −$2.28−$1.10
7 days ago −$2.29−$1.28
Now −$2.29−$1.28

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.33 −$0.77 −132.0%
Mar 2026 −$0.20 −$0.66 −233.7%
Dec 2025 −$0.20 −$0.26 −30.0%
Sept 2025 −$0.26 −$0.45 −74.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 10, 2026
  • full year 2026 revenue guidance full year 2026 $150m to $200m Maintained
    “On track to achieve full year 2026 revenue guidance of $150.0 million to $200.0 million, supported by additional contract awards from the U.S. Government” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

13 analysts, Oct 2026
Buy538%
Hold646%
Sell215%

Monthly trend

  1. Oct 20261461113
  2. Sep 20261471114
  3. Aug 20261371113
  4. Jul 20261371113

Counts of recommendations published by analysts covering AST Spacemobile, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
22.0%
of tradable shares
Days to cover
4.22
at average volume
Short interest, 1 month
+1%
to October 15, 2026
Held by institutions
55%
of shares
Held by insiders
8.0%
of shares
Employees
1,126
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ASTS−42%−39%+25%+250%+244%−50%
Industry peers (median)−5%−35%+9%+25%−6%−11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ASTS33%50%50%42%58%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ASTS−69%−74%−61%−67%−47%−73%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 1, 2019: 91% from February 9, 2021 to April 2, 2024. Getting back needed a 1019% gain, reached on August 15, 2024, 135 days after the low.

Price behaviour

52-week range
$36.33 – $133.09
From 52-week high
−72.7%
vs 50-day average
−33.2%
vs 200-day average
−52.9%
Volatility (1 year)
108%
Beta vs S&P 500
3.80

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±11.2%
After a week
4 up, 8 down
typical move ±10.6%
After a month
6 up, 6 down
typical move ±17.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 10, 2026 −0.4% −0.3% −1.1% −13.2%
July 15, 2026 −20.1% −0.1% −10.0% +3.9%
May 11, 2026 −2.8% +0.1% +15.7% +16.3%
March 2, 2026 +17.0% −0.8% +13.3% +4.6%
February 11, 2026 −14.6% −1.6% −10.3% −10.3%
November 10, 2025 −1.9% +1.8% −18.2% +14.3%
October 21, 2025 −13.8% −0.5% −6.1% −29.9%
August 11, 2025 +6.7% +0.9% +3.3% −19.4%
July 24, 2025 −7.8% +0.5% −9.8% −20.1%
May 12, 2025 +3.1% +4.0% −4.5% +41.6%
March 4, 2025 +31.9% −0.1% +11.9% −12.5%
January 22, 2025 −14.3% +1.1% −23.3% +24.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

AST Spacemobile, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) AST Spacemobile, Inc.
$0 $50M $100M $150M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.4M Revenue (TTM), FY23 Q4: $2.4M Revenue (TTM), FY24 Q1: $500K Revenue (TTM), FY24 Q2: $1.4M Revenue (TTM), FY24 Q3: $2.5M Revenue (TTM), FY24 Q4: $13.8M Revenue (TTM), FY25 Q1: $14M Revenue (TTM), FY25 Q2: $14.3M Revenue (TTM), FY25 Q3: $27.9M Revenue (TTM), FY25 Q4: $70.9M Revenue (TTM), FY26 Q1: $84.9M Revenue (TTM), FY26 Q2: $115.3M $115.3M

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.4M
FY23 Q4 $2.4M
FY24 Q1 $500K
FY24 Q2 $1.4M
FY24 Q3 $2.5M
FY24 Q4 $13.8M
FY25 Q1 $14M
FY25 Q2 $14.3M
FY25 Q3 $27.9M
FY25 Q4 $70.9M
FY26 Q1 $84.9M
FY26 Q2 $115.3M
Revenue growth, TTM YoY AST Spacemobile, Inc.
-1000% 0% 1000% 2000% 3000% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -88.1% Revenue growth, TTM YoY, FY23 Q4: -82.7% Revenue growth, TTM YoY, FY24 Q1: -96.4% Revenue growth, TTM YoY, FY24 Q2: -78.7% Revenue growth, TTM YoY, FY24 Q3: 4.4% Revenue growth, TTM YoY, FY24 Q4: 477.5% Revenue growth, TTM YoY, FY25 Q1: 2708.6% Revenue growth, TTM YoY, FY25 Q2: 921.4% Revenue growth, TTM YoY, FY25 Q3: 1017.5% Revenue growth, TTM YoY, FY25 Q4: 413.0% Revenue growth, TTM YoY, FY26 Q1: 504.8% Revenue growth, TTM YoY, FY26 Q2: 706.3% 706.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -88.1%
FY23 Q4 -82.7%
FY24 Q1 -96.4%
FY24 Q2 -78.7%
FY24 Q3 4.4%
FY24 Q4 477.5%
FY25 Q1 2708.6%
FY25 Q2 921.4%
FY25 Q3 1017.5%
FY25 Q4 413.0%
FY26 Q1 504.8%
FY26 Q2 706.3%
FCF margin (TTM) AST Spacemobile, Inc.
-80000% -60000% -40000% -20000% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -11151.9% FCF margin (TTM), FY23 Q4: -11184.2% FCF margin (TTM), FY24 Q1: -60463.6% FCF margin (TTM), FY24 Q2: -20202.3% FCF margin (TTM), FY24 Q3: -9481.8% FCF margin (TTM), FY24 Q4: -2171.9% FCF margin (TTM), FY25 Q1: -2574.8% FCF margin (TTM), FY25 Q2: -4733.7% FCF margin (TTM), FY25 Q3: -3278.7% FCF margin (TTM), FY25 Q4: -1602.2% FCF margin (TTM), FY26 Q1: -1526.9% FCF margin (TTM), FY26 Q2: -1420.7% -1420.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -11151.9%
FY23 Q4 -11184.2%
FY24 Q1 -60463.6%
FY24 Q2 -20202.3%
FY24 Q3 -9481.8%
FY24 Q4 -2171.9%
FY25 Q1 -2574.8%
FY25 Q2 -4733.7%
FY25 Q3 -3278.7%
FY25 Q4 -1602.2%
FY26 Q1 -1526.9%
FY26 Q2 -1420.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 6 12 14 0 14 71 115
Gross profit 3 5 7 0 — — —
EBITDA −0 — — — — — —
Operating income −1 — — — — — —
Net income −52 −31 −32 −88 −300 −342 −619
Diluted EPS −$3.06 −$0.18 — — — — −$2.16
Growth (year on year)
Revenue — +107.9% +11.4% −100.0% — +413.0% +706.3%
Margins
Gross margin 49.3% 39.0% 51.4% — — — —
EBITDA margin −4.0% — — — — — —
Operating margin −18.8% — — — — — —
Net margin −870.8% −246.3% −228.9% — <−999% −482.2% −536.7%
Free-cash-flow margin −518.4% −767.2% <−999% — <−999% <−999% <−999%
Cash flow
Cash from operations −23 −80 −156 −149 −126 −72 −145
Capital spending 8 15 57 119 174 1,065 1,493
Free cash flow −31 −95 −214 −268 −300 −1,136 −1,638
Stock-based pay 0 4 9 13 32 47 148
Free cash flow after stock pay −31 −99 −223 −281 −332 −1,184 −1,786
Balance sheet
Cash 43 322 239 86 565 2,336 2,288
Total debt 0 5 5 60 158 2,220 2,972
Net debt (negative = net cash) −43 −317 −234 −26 −406 −116 684
Diluted shares 17m 103m — 164m 155m 256m 287m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · June 30, 2026
What it owns · $5.9bn
Short-term assets $2.5bnLonger-term assets $3.4bn
What it owes, and who funded it · $5.9bn
Short-term liabilities $191mLonger-term liabilities $3.3bnShareholders' equity $2.4bn
  • Short-term assets cover short-term liabilities $2.5bn of assets due within a year against $191m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.5bn short-term assets against $3.3bn of longer-dated liabilities.
  • More cash than debt $2.3bn of cash against $3.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 124% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1% to 124% over five years.
  • A year's operating cash flow covers at least 20% of debt −$145m of operating cash flow against $3.0bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From AST Spacemobile, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
25.6%
of revenue
Days sales outstanding
251 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in wireless telecommunication services
Last 12 months unless stated ASTS SPOK SURG CHAI ECHO VOD Median
Revenue, last 12 months $115m $135m $67m $55m $14.7bn $46.9bn $135m
Revenue growth, last 12 months 706.3% −3.3% 83.9% 58.6% −5.2% 16.6% 16.6%
Revenue growth, 3-year average 160.0% −0.8% −22.3% — −6.4% — −0.8%
Revenue growth, latest quarter >999% −2.6% 40.7% — −4.0% — 7.4%
Gross margin 0.0% 78.6% −19.6% −0.5% — 31.5% 15.7%
Operating margin −38.6% 12.9% −41.0% −12.9% −112.7% 7.0% −12.9%
Operating margin, 3-year average — 13.6% −58.6% — −40.7% 10.6% 10.6%
Net margin −536.7% 13.9% −47.9% −57.2% −38.7% −1.0% −38.7%
Cash from operations / revenue −125.5% 24.7% −23.0% −12.0% −0.6% 35.3% −0.6%
Free-cash-flow margin <−999% 22.3% −23.0% — −4.9% 23.3% 7.5%
Free-cash-flow margin, 3-year average <−999% 19.8% −36.1% — −4.1% 26.2% 7.4%
Stock pay / revenue 128.3% 4.4% 0.2% — 0.5% 0.3% 0.7%
Change in share count — 2.4% 14.9% — −4.6% −8.1% −4.2%

Median of all 7 companies we cover in wireless telecommunication services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

7 wireless telecommunication services companies
Measure Company Peer median Rank
Revenue growth Growth 706.3% 16.6% 1 of 7
Change in growth rate Growth +201.5pp +15.6pp 1 of 7
Net margin Profitability -536.7% -38.7% 7 of 7
Free-cash-flow margin Cash generation -1420.7% 19.9% 6 of 6
Long-term debt as % of assets Balance sheet 50.6% 40.5% 4 of 5
Days sales outstanding Balance sheet 251 days 38 days 7 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Products $44.4M 62.6% ▲ 8777.8%
Services $26.5M 37.4% ▲ 577.1%

From AST Spacemobile, Inc.'s 10-K filed March 2, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$15.3B
Institutions reporting
749
Shares held vs prior quarter
▲ 5.0%
Positions opened / closed
159 / 102

Top buyers and sellers, Q2 2026: 525 institutions bought and 240 sold ; the biggest buyer was Morgan Stanley (+4.1M shares) and the biggest seller Rakuten Group, Inc (−15.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Rakuten Group, Inc. $1.4B 15.5M 9.0% ▼ 50.0%
Blackrock, Inc. $1.4B 15.3M 8.9% ▲ 5.2%
Vanguard Portfolio Management LLC $1.2B 13.3M 7.7% ▲ 20.7%
Vanguard Capital Management LLC $1.1B 12.5M 7.3% ▲ 8.9%
Alphabet Inc. $795M 8.9M 5.2% 0.0%
Morgan Stanley $650M 7.3M 4.2% ▲ 129.1%
UBS Group AG $587M 6.6M 3.8% ▲ 45.3%
State Street Corp $581M 6.5M 3.8% ▲ 17.0%
Marex Group Ltd $553M 6.2M 3.6% ▲ 135.6%
Vodafone Ventures Ltd $486M 5.5M 3.2% 0.0%
Geode Capital Management, LLC $453M 5.1M 3.0% ▲ 7.1%
Goldman Sachs Group Inc $344M 3.9M 2.2% ▲ 67.4%

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 AST Spacemobile, Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $787,390 7 trades by 2 insiders, last 12 months Insider sales History → $292M 13 trades by 6 insiders · 4% under pre-set plans
Net ▼ $291M net selling
Insider Date Trade Shares Price Value
Gupta Shanti B. Chief Operating Officer September 16, 2026 Sell 12,000 $58.89 $706,680
Yao Huiwen Chief Technology Officer September 16, 2026 Sell pre-set plan 40,000 $58.93 $2.4M
Cisneros Adriana Director August 31, 2026 Buy 1,384 $57.79 $79,981
Cisneros Adriana Director August 31, 2026 Buy 8,768 $57.00 $499,776
Cisneros Adriana Director August 31, 2026 Buy 670 $58.87 $39,443
Johnson Andrew Martin CFO and CLO June 11, 2026 Sell 45,809 $93.81 $4.3M
Yao Huiwen Chief Technology Officer June 5, 2026 Sell pre-set plan 40,000 $96.37 $3.9M
Johnson Andrew Martin CFO and CLO May 20, 2026 Sell 5,000 $90.25 $451,250
Torres Julio A. Director May 13, 2026 Sell 15,000 $76.34 $1.1M
Rakuten Group, Inc. 10% owner April 15, 2026 Sell 1,350,000 $86.22 $116M
Rakuten Group, Inc. 10% owner April 14, 2026 Sell 1,690,000 $91.42 $154M
Yao Huiwen Chief Technology Officer March 23, 2026 Sell pre-set plan 40,000 $88.88 $3.6M

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.

Earnings dates and SEC filings

Results announcements

  • August 10, 2026
  • July 15, 2026
  • May 11, 2026
  • March 2, 2026
  • February 11, 2026
  • November 10, 2025

Recent SEC filings

Data status

When each part of this page on AST Spacemobile, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

AST Spacemobile, Inc. in brief

What does AST Spacemobile, Inc. do?
AST Spacemobile, Inc. is a US-listed company in the wireless telecommunication services industry. Its financial year ends in December.
What is AST Spacemobile, Inc.'s stock ticker?
AST Spacemobile, Inc. trades under the ticker ASTS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is AST Spacemobile, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, AST Spacemobile, Inc. reported revenue of $115M, 706.3% higher than a year earlier, according to its SEC filings.
What is AST Spacemobile, Inc.'s free cash flow?
AST Spacemobile, Inc.'s free-cash-flow margin is -1420.7% of revenue over the trailing twelve months, ranking 6 of the 6 wireless telecommunication services companies we cover.
Who are AST Spacemobile, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Rakuten Group, Inc., Blackrock, Inc. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is AST Spacemobile, Inc.'s market cap?
On November 2, 2026, AST Spacemobile, Inc.'s market capitalisation was about $10.4B and net debt of $684M. Market figures come from third-party market data and may be delayed.
How much debt does AST Spacemobile, Inc. have?
AST Spacemobile, Inc.'s debt-to-equity ratio is 124.0%, from its latest balance sheet (1.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are AST Spacemobile, Inc.'s competitors?
In our Wireless Telecommunication Services peer group, the companies closest to AST Spacemobile, Inc. are Spok Holdings, Inc, Surgepays, Inc., Core AI Holdings, Inc., EchoStar and Vodafone Group Public LTD Co. The side-by-side comparison below sets their revenue, margins and growth against AST Spacemobile, Inc.'s.
Are insiders buying or selling AST Spacemobile, Inc. stock?
Over the last 12 months, AST Spacemobile, Inc.'s directors and officers reported 7 open-market purchases and 13 sales on Form 4. The insider trading page charts every trade.
When is AST Spacemobile, Inc.'s next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — AST Spacemobile, Inc. announces its own schedule.