Ascent Solar Technologies, Inc. (ASTI) Income Statement
ASTI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsASTI revenue and net income
Where ASTI's revenue goes
2025Each bar shows an amount and its share of revenue. ASTI kept −10,202.5% of revenue as net income.
ASTI profit margins
ASTI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +83.3% | −60.3% | +2.9% | −35.9% |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ASTI quarterly EPS vs estimates
Ascent Solar Technologies beat the analyst EPS estimate in 1 of the last 2 quarters. Next report: November 9, 2026 (estimate $-0.21).
ASTI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $76,773 | $41,893 | $458,260 | $1.2M | $607,783 | $66,613 | $638,380 | $862,412 | $642,179 | $1.7M |
| Cost of revenue | $196,332 | $148,376 | $1.9M | $2.0M | $1.9M | $174,588 | $490,755 | $1.0M | $2.8M | $5.8M |
| Gross profit | −$119,559 | −$106,483 | −$1.4M | −$788,673 | −$1.3M | −$107,975 | $147,625 | −$153,384 | −$2.2M | −$4.1M |
| Research & development | $2.4M | $2.3M | $3.2M | $6.0M | $4.1M | $1.2M | $1.3M | $2.8M | $4.8M | $6.6M |
| Sales, general & admin | $5.2M | $5.5M | $7.6M | $10.2M | $3.3M | $1.0M | $1.8M | $3.2M | $5.6M | $10.3M |
| Total operating expenses | $7.8M | $8.4M | $14.2M | $16.3M | $7.5M | $2.3M | $3.4M | $6.4M | $11.6M | $20.5M |
| Operating income | −$7.9M | −$8.5M | −$15.6M | −$17.1M | −$8.8M | −$2.5M | −$3.3M | −$6.6M | −$14.1M | −$24.6M |
| Interest income | $60,584 | $88,387 | $0 | — | — | — | — | — | — | — |
| Interest expense | $51,994 | $665,718 | $2.2M | $2.7M | $1.1M | $3.5M | $8.9M | $7.4M | $6.9M | $7.9M |
| Income before taxes | −$7.8M | −$9.1M | −$17.1M | −$19.8M | −$6.0M | $1.6M | −$4.9M | −$16.0M | −$18.6M | −$38.9M |
| Income taxes | — | −$9.1M | −$4 | −$27,361 | $918,904 | $6.5M | — | −$2.1M | $7.4M | $8.0M |
| Net income | −$7.8M | −$9.1M | −$17.1M | −$19.8M | −$6.0M | $1.6M | −$4.9M | −$16.0M | −$18.6M | −$38.9M |
| EBITDA | −$7.2M | −$7.9M | −$14.1M | −$16.3M | −$4.2M | $5.5M | $4.2M | −$8.3M | −$10.5M | −$27.3M |
| EPS (diluted) | −$3.38 | −$3.09 | −$7.50 | −$0.67 | −$1.42 | $0.19 | −$0.02 | −$0.82 | −$2.35 | −$851.80 |
| Gross margin | −155.7% | −254.2% | −312.9% | −64.5% | −213.0% | −162.1% | 23.1% | −17.8% | −338.3% | −234.4% |
| Operating margin | −10,256.7% | −20,378.5% | −3,413.6% | −1,394.8% | −1,446.3% | −3,684.8% | −509.6% | −761.8% | −2,203.1% | −1,409.5% |
| Net margin | −10,202.5% | −21,794.3% | −3,724.9% | −1,615.5% | −987.2% | 2,428.1% | −762.6% | −1,859.5% | −2,890.2% | −2,223.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $95,203 | $51,944 | $15,639 | $28,549 | $16,961 | $15,624 | $547,116 | $8,550 | $27,743 | $5,600 | $2,780 | $229,954 |
| Cost of revenue | $160,795 | $70,737 | $682,219 | $88,991 | $28,608 | $24,115 | $584,850 | $76,796 | $61,524 | $9,388 | $71,525 | $692,752 |
| Gross profit | −$65,592 | −$18,793 | −$666,580 | −$60,442 | −$11,647 | −$8,491 | −$584,850 | −$68,246 | −$33,781 | −$3,788 | −$68,745 | −$462,798 |
| Research & development | $697,297 | $694,221 | $640,957 | $620,572 | $622,921 | $558,744 | $584,182 | $603,534 | $506,001 | $607,233 | $389,327 | $344,942 |
| Sales, general & admin | $1.1M | $1.5M | $1.4M | $1.3M | $1.4M | $1.2M | $843,295 | $1.6M | $1.8M | $1.4M | $1.4M | $1.5M |
| Total operating expenses | $1.9M | $2.2M | $1.4M | $1.9M | $2.1M | $1.7M | $860,298 | $2.2M | $2.3M | $2.5M | $5.0M | $1.9M |
| Operating income | −$1.9M | −$2.3M | −$2.1M | −$2.0M | −$2.1M | −$1.7M | −$1.4M | −$2.3M | −$2.4M | −$2.5M | −$5.1M | −$2.4M |
| Interest income | — | — | $11,987 | $18,980 | — | — | — | $35,593 | — | — | — | — |
| Interest expense | $12,159 | $12,025 | $12,292 | $12,292 | $12,159 | $15,251 | $61,245 | $170,838 | $307,081 | $126,555 | $56,095 | $288,109 |
| Income before taxes | −$1.8M | −$2.2M | −$2.1M | −$2.0M | −$2.1M | −$1.7M | −$1.5M | −$1.7M | −$3.4M | −$2.5M | −$5.2M | −$1.9M |
| Income taxes | — | — | — | — | — | — | −$3 | — | $1 | $3 | $3 | $63,309 |
| Net income | −$1.8M | −$2.2M | −$2.1M | −$2.0M | −$2.1M | −$1.7M | −$1.5M | −$1.7M | −$3.4M | −$2.5M | −$5.2M | −$1.9M |
| EBITDA | −$1.6M | −$2.0M | −$2.0M | −$1.8M | −$1.9M | −$1.5M | −$1.3M | −$1.4M | −$3.0M | −$2.3M | −$5.0M | −$1.4M |
| EPS (diluted) | −$0.19 | −$0.27 | −$0.44 | −$0.64 | −$1.17 | −$1.13 | −$1.12 | −$1.37 | −$0.07 | −$0.53 | −$3.21 | −$4.04 |
| Gross margin | −68.9% | −36.2% | −4,262.3% | −211.7% | −68.7% | −54.3% | −106.9% | −798.2% | −121.8% | −67.6% | −2,472.8% | −201.3% |
| Operating margin | −2,043.5% | −4,355.6% | −13,243.9% | −6,892.3% | −12,316.8% | −11,177.9% | −264.1% | −26,443.2% | −8,490.7% | −44,206.0% | −183,040.4% | −1,034.1% |
| Net margin | −1,918.6% | −4,191.4% | −13,245.2% | −7,081.3% | −12,177.3% | −10,716.2% | −266.1% | −19,776.2% | −12,420.5% | −45,316.8% | −185,748.2% | −830.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ASTI's financial statements (latest annual report filed March 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ASTI financial results
In fiscal year 2025 (ended December 31, 2025), Ascent Solar Technologies reported revenue of $0.1 million, up 83.3% from the year before. It had a net loss of $7.8 million, a net profit margin of −10,202.5%. Diluted earnings per share came to −$3.38. Over five years revenue grew at an average rate of 2.9% a year.
See the ASTI stock overview for the latest quote and news, or the ASTI chart for price history and technical indicators.
ASTI income statement FAQ
What is Ascent Solar Technologies's annual revenue?
Ascent Solar Technologies reported total revenue of $0.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 83.3% from $0.0 million the previous year.
Is Ascent Solar Technologies profitable?
No. Ascent Solar Technologies reported a net loss of $7.8 million in fiscal 2025, a net profit margin of −10,202.5%; its operating margin was −10,256.7%.
What is Ascent Solar Technologies's gross margin?
Ascent Solar Technologies's gross margin was −155.7% in fiscal 2025: for every $100 of revenue, Ascent Solar Technologies kept $-156 after the direct cost of its products and services.
How much does Ascent Solar Technologies spend on research and development?
Ascent Solar Technologies spent $2.4 million on research and development in fiscal 2025, 3,182.4% of revenue.
How fast is Ascent Solar Technologies growing?
Revenue grew 2.9% a year on average over the last five fiscal years, from $0.1 million to $0.1 million.
What are Ascent Solar Technologies's earnings per share?
Ascent Solar Technologies earned $-3.38 per diluted share in fiscal 2025, compared with $-3.09 a year earlier.
When will Ascent Solar Technologies report its next earnings?
Ascent Solar Technologies is expected to report results for the quarter ending September 30, 2026 on November 9, 2026.
When does Ascent Solar Technologies's fiscal year end?
Ascent Solar Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 20, 2026.