ASTS Chart
About

AST SpaceMobile, Inc., together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States. The company provides a cellular broadband network in space to be accessible directly by smartphones for commercial use and other applications, as well as for government use. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.

Fundamentals
Scroll to Statements
Sector Technology Industry Communication Equipment Market Cap 34.04B
Enterprise Value 26.53B Income -341.94M Sales 70.92M
Book/sh 6.45 Cash/sh 7.98 Dividend Yield
Payout 0.00% Employees 1126 IPO
P/E Forward P/E 6420.03 PEG
P/S 480.03 P/B 13.81 P/C
EV/EBITDA -112.14 EV/Sales 374.12 Quick Ratio 15.79
Current Ratio 16.35 Debt/Eq 93.61 LT Debt/Eq
EPS (ttm) -1.34 EPS next Y 0.01 EPS Growth
Revenue Growth 27.31% Earnings 2026-05-11 ROA -6.02%
ROE -30.12% ROIC Gross Margin 50.34%
Oper. Margin -133.09% Profit Margin 0.00% Shs Outstand 292.64M
Shs Float 244.14M Short Float 18.36% Short Ratio 3.00
Short Interest 52W High 129.89 52W Low 18.22
Beta 2.87 Avg Volume 15.73M Volume 8.02M
Target Price $88.53 Recom Hold Prev Close $86.34
Price $89.11 Change 3.21%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$88.53
Mean price target
2. Current target
$89.11
Latest analyst target
3. DCF / Fair value
$-76.33
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$89.11
Low
$41.20
High
$139.00
Mean
$88.53

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-04 main UBS Neutral → Neutral $85
2026-02-13 main B. Riley Securities Neutral → Neutral $95
2026-01-13 down B. Riley Securities Buy → Neutral $105
2026-01-07 down Scotiabank Sector Perform → Sector Underperform $46
2025-11-25 up Scotiabank Sector Underperform → Sector Perform $46
2025-11-12 main Clear Street Buy → Buy $87
2025-10-23 main B. Riley Securities Buy → Buy $95
2025-10-17 down Barclays Overweight → Underweight $60
2025-10-07 down Scotiabank Sector Perform → Sector Underperform $43
2025-10-01 main Barclays Overweight → Overweight $60
2025-09-09 down UBS Buy → Neutral $43
2025-08-21 init William Blair — → Market Perform
2025-08-14 main UBS Buy → Buy $62
2025-08-07 main Scotiabank Sector Perform → Sector Perform $43
2025-06-25 init B of A Securities — → Neutral $55
2025-06-23 down Scotiabank Sector Outperform → Sector Perform $45
2025-06-16 main B. Riley Securities Buy → Buy $44
2025-05-13 main Scotiabank Sector Outperform → Sector Outperform $45
2025-05-05 init Oppenheimer — → Perform
2025-03-05 main UBS Buy → Buy $38
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 40000 2564 Conversion of Exercise of derivative security at price 0.06 per share. YAO HUIWEN Chief Technology Officer 2026-03-11 00:00:00 D
1 625 50000 Purchase at price 80.00 per share. LARSON KEITH R Director 2025-12-24 00:00:00 I
2 715 50064 Purchase at price 70.02 per share. LARSON KEITH R Director 2025-12-17 00:00:00 I
3 675 49079 Purchase at price 72.71 per share. LARSON KEITH R Director 2025-12-10 00:00:00 I
4 10000 773400 Sale at price 77.34 per share. GUPTA SHANTI B. Chief Operating Officer 2025-12-10 00:00:00 D
5 2288621 159631315 Sale at price 69.75 per share. AMERICAN TOWER CORPORATION Beneficial Owner of more than 10% of a Class of Security 2025-12-09 00:00:00 I
6 40000 2940800 Sale at price 73.52 per share. YAO HUIWEN Chief Technology Officer 2025-12-05 00:00:00 D
7 6000 442560 Sale at price 73.76 per share. BERNAL MAYA Officer 2025-12-05 00:00:00 D
8 125000 Stock Award(Grant) at price 0.00 per share. JOHNSON ANDREW MARTIN Chief Financial Officer 2025-12-02 00:00:00 D
9 250000 Stock Award(Grant) at price 0.00 per share. AVELLAN ABEL ANTONIO Chief Executive Officer 2025-12-02 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-14.31M0.001.89M4.01M
TaxRateForCalcs0.210.000.210.21
NormalizedEBITDA-301.78M-163.39M-171.00M-116.68M
TotalUnusualItems-68.15M-279.59M8.99M19.11M
TotalUnusualItemsExcludingGoodwill-68.15M-279.59M8.99M19.11M
NetIncomeFromContinuingOperationNetMinorityInterest-341.94M-300.08M-87.56M-31.64M
ReconciledDepreciation51.11M63.34M54.47M4.71M
ReconciledCostOfRevenue35.22M0.000.006.71M
EBITDA-369.93M-442.98M-162.02M-97.57M
EBIT-421.04M-506.32M-216.49M-102.28M
NetInterestIncome13.16M-4.52M2.67M2.63M
InterestExpense36.07M18.68M4.51M216.00K
InterestIncome49.23M14.16M7.19M2.85M
NormalizedIncome-288.10M-20.49M-94.66M-46.74M
NetIncomeFromContinuingAndDiscontinuedOperation-341.94M-300.08M-87.56M-31.64M
TotalExpenses358.63M247.18M222.37M159.59M
DilutedAverageShares255.98M154.50M81.82M54.44M
BasicAverageShares255.98M154.50M81.82M54.44M
DilutedEPS-1.34-1.94-1.07-0.58
BasicEPS-1.34-1.94-1.07-0.58
DilutedNIAvailtoComStockholders-341.94M-300.08M-87.56M-31.64M
NetIncomeCommonStockholders-341.94M-300.08M-87.56M-31.64M
NetIncome-341.94M-300.08M-87.56M-31.64M
MinorityInterests119.07M226.25M135.12M71.47M
NetIncomeIncludingNoncontrollingInterests-461.01M-526.33M-222.68M-103.11M
NetIncomeContinuousOperations-461.01M-526.33M-222.68M-103.11M
TaxProvision3.90M1.33M1.68M617.00K
PretaxIncome-457.11M-525.00M-221.00M-102.50M
OtherIncomeExpense-182.56M-277.72M-1.30M40.63M
OtherNonOperatingIncomeExpenses-114.41M1.87M-10.29M21.52M
SpecialIncomeCharges0.00-10.96M0.00
OtherSpecialCharges10.96M
GainOnSaleOfSecurity-68.15M-268.63M8.99M19.11M
NetNonOperatingInterestIncomeExpense13.16M-4.52M2.67M2.63M
InterestExpenseNonOperating36.07M18.68M4.51M216.00K
InterestIncomeNonOperating49.23M14.16M7.19M2.85M
OperatingIncome-287.71M-242.76M-222.37M-145.76M
OperatingExpense323.42M247.18M222.37M152.88M
OtherOperatingExpenses29.60M
DepreciationAmortizationDepletionIncomeStatement51.11M63.34M54.47M4.71M
DepreciationAndAmortizationInIncomeStatement51.11M63.34M54.47M4.71M
ResearchAndDevelopment170.62M122.27M126.30M99.83M
SellingGeneralAndAdministration101.68M61.57M41.60M48.33M
GeneralAndAdministrativeExpense101.68M61.57M41.60M48.33M
OtherGandA101.68M61.57M41.60M48.33M
GrossProfit35.70M4.42M0.007.11M
CostOfRevenue35.22M0.000.006.71M
TotalRevenue70.92M4.42M0.0013.82M
OperatingRevenue70.92M4.42M0.0013.82M
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber285.45M208.17M90.16M71.82M
ShareIssued285.45M208.17M90.16M71.82M
TotalDebt2.24B173.00M72.87M12.77M
TangibleBookValue1.60B479.12M98.99M133.53M
InvestedCapital4.06B637.61M158.50M138.53M
WorkingCapital2.31B524.30M60.66M240.51M
NetTangibleAssets1.60B479.12M98.99M133.53M
CapitalLeaseObligations19.93M14.51M13.37M7.77M
CommonStockEquity1.84B479.12M98.99M133.53M
TotalCapitalization4.05B634.69M158.24M138.29M
TotalEquityGrossMinorityInterest2.39B669.15M213.56M359.83M
MinorityInterest550.85M190.03M114.57M226.29M
StockholdersEquity1.84B479.12M98.99M133.53M
GainsLossesNotAffectingRetainedEarnings1.35M-176.00K227.00K229.00K
OtherEquityAdjustments1.35M-176.00K227.00K229.00K
RetainedEarnings-831.68M-489.75M-189.66M-102.10M
AdditionalPaidInCapital2.67B969.00M288.40M235.38M
CapitalStock39.00K32.00K22.00K20.00K
CommonStock39.00K32.00K22.00K20.00K
TotalLiabilitiesNetMinorityInterest2.62B285.42M147.33M78.55M
TotalNonCurrentLiabilitiesNetMinorityInterest2.47B209.47M101.11M50.75M
OtherNonCurrentLiabilities32.09M
DerivativeProductLiabilities7.47M41.25M29.96M38.95M
NonCurrentDeferredLiabilities207.09M0.00
NonCurrentDeferredRevenue207.09M0.00
LongTermDebtAndCapitalLeaseObligation2.23B168.22M71.15M11.80M
LongTermCapitalLeaseObligation17.48M12.65M11.90M7.05M
LongTermDebt2.21B155.57M59.25M4.76M
CurrentLiabilities150.34M75.94M46.22M27.80M
OtherCurrentLiabilities8.35M3.01M2.46M2.37M
CurrentDeferredLiabilities19.89M41.97M2.25M2.50M
CurrentDeferredRevenue19.89M41.97M0.000.00
CurrentDebtAndCapitalLeaseObligation14.45M4.78M1.72M964.00K
CurrentCapitalLeaseObligation2.45M1.86M1.47M722.00K
CurrentDebt12.00M2.92M252.00K242.00K
OtherCurrentBorrowings12.00M2.92M252.00K242.00K
PayablesAndAccruedExpenses107.66M26.18M39.79M21.96M
CurrentAccruedExpenses60.90M9.18M19.22M8.03M
InterestPayable12.73M296.00K
Payables46.76M17.00M20.57M13.93M
TotalTaxPayable180.00K
AccountsPayable46.76M17.00M20.57M13.93M
TotalAssets5.01B954.56M360.89M438.37M
TotalNonCurrentAssets2.56B354.31M254.01M170.06M
OtherNonCurrentAssets874.41M2.63M2.31M16.40M
NonCurrentPrepaidAssets14.75M0.00
NonCurrentNoteReceivables18.19M0.00
GoodwillAndOtherIntangibleAssets245.09M0.000.003.64M
OtherIntangibleAssets242.00K
Goodwill0.003.64M
NetPPE1.42B351.68M251.70M153.66M
AccumulatedDepreciation-173.71M-122.37M-61.17M-6.98M
GrossPPE1.59B474.05M312.87M160.64M
Leases15.24M9.44M9.11M8.20M
ConstructionInProgress1.16B129.31M130.68M109.49M
OtherProperties359.36M299.69M146.06M28.18M
MachineryFurnitureEquipment25.13M18.24M11.11M3.15M
BuildingsAndImprovements29.03M16.01M14.55M10.27M
LandAndImprovements1.93M1.35M1.35M1.35M
Properties0.000.000.000.00
CurrentAssets2.46B600.25M106.88M268.31M
OtherCurrentAssets60.26M22.36M14.19M334.00K
RestrictedCash877.00K2.55M2.48M668.00K
PrepaidAssets11.96M7.89M4.59M27.05M
Inventory12.01M1.06M0.001.41M
Receivables37.73M1.40M1.15M1.67M
TaxesReceivable1.15M1.67M1.58M
AccountsReceivable37.73M1.40M0.002.17M
CashCashEquivalentsAndShortTermInvestments2.34B564.99M85.62M238.59M
CashAndCashEquivalents2.34B564.99M85.62M238.59M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-1.19B-300.27M-267.75M-213.75M
RepaymentOfDebt-1.01B-48.75M-242.00K0.00
IssuanceOfDebt2.61B145.00M63.50M230.00K
IssuanceOfCapitalStock2.31B551.95M64.64M104.77M
CapitalExpenditure-1.12B-174.13M-118.81M-57.28M
InterestPaidSupplementalData7.86M11.99M3.24M224.00K
IncomeTaxPaidSupplementalData6.80M1.67M492.00K684.00K
EndCashPosition2.78B567.53M88.10M239.26M
BeginningCashPosition567.53M88.10M239.26M324.54M
EffectOfExchangeRateChanges-2.41M-260.00K-142.00K195.00K
ChangesInCash2.21B479.70M-151.02M-85.48M
FinancingCashFlow3.83B779.97M116.73M102.34M
CashFlowFromContinuingFinancingActivities3.83B779.97M116.73M102.34M
NetOtherFinancingCharges-93.98M-26.79M-11.39M-2.75M
ProceedsFromStockOptionExercised11.81M158.56M225.00K87.00K
NetPreferredStockIssuance0.00
PreferredStockIssuance0.00
NetCommonStockIssuance2.31B551.95M64.64M104.77M
CommonStockIssuance2.31B551.95M64.64M104.77M
NetIssuancePaymentsOfDebt1.60B96.25M63.26M230.00K
NetLongTermDebtIssuance1.60B96.25M63.26M230.00K
LongTermDebtPayments-1.01B-48.75M-242.00K0.00
LongTermDebtIssuance2.61B145.00M63.50M230.00K
InvestingCashFlow-1.54B-174.13M-118.81M-31.35M
CashFlowFromContinuingInvestingActivities-1.54B-174.13M-118.81M-31.35M
NetOtherInvestingChanges-420.00M
NetBusinessPurchaseAndSale0.000.0025.93M0.00
SaleOfBusiness0.000.0025.93M0.00
NetIntangiblesPurchaseAndSale-56.40M0.000.000.00
PurchaseOfIntangibles-56.40M0.000.000.00
NetPPEPurchaseAndSale-1.06B-174.13M-118.81M-57.28M
PurchaseOfPPE-1.06B-174.13M-118.81M-57.28M
OperatingCashFlow-71.52M-126.14M-148.94M-156.46M
CashFlowFromContinuingOperatingActivities-71.52M-126.14M-148.94M-156.46M
ChangeInWorkingCapital109.69M21.78M13.70M-24.43M
ChangeInOtherWorkingCapital152.33M42.06M1.76M-13.83M
ChangeInOtherCurrentLiabilities-680.00K-398.00K
ChangeInPayablesAndAccruedExpense18.44M2.09M
ChangeInPrepaidAssets-27.62M-13.33M13.86M-24.59M
ChangeInInventory-10.95M-1.06M0.00-2.46M
ChangeInReceivables-4.08M-5.88M-1.93M16.45M
ChangesInAccountReceivables-4.08M-5.88M-1.93M16.45M
OtherNonCashItems107.24M12.18M1.16M332.00K
StockBasedCompensation47.49M32.04M13.29M9.39M
DepreciationAmortizationDepletion51.11M63.34M54.47M4.71M
DepreciationAndAmortization51.11M63.34M54.47M4.71M
AmortizationCashFlow224.00K
AmortizationOfIntangibles224.00K
Depreciation2.69M
OperatingGainsLosses73.96M270.85M-8.88M-43.35M
EarningsLossesFromEquityInvestments1.21M0.000.00
GainLossOnInvestmentSecurities68.15M268.63M-8.99M-19.11M
GainLossOnSaleOfPPE4.61M2.22M110.00K305.00K
GainLossOnSaleOfBusiness0.000.00-24.54M0.00
NetIncomeFromContinuingOperations-461.01M-526.33M-222.68M-103.11M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for ASTS
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status