AST SpaceMobile Inc (ASTS) Key Metrics
ASTS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $15.82B
- Enterprise value
- $18.69B
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 137.2
- Price / book
- 9.5 10-yr median 6.8
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 2.71
ASTS key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsASTS valuation Price multiples at each fiscal year-end price.
Price / sales−64.5%
262.2
2025 · hover or tap a bar for each year
20182025
Price / book+48.4%
10.1
2025 · hover or tap a bar for each year
20182025
Free cash flow yield+3.1 pts
−6.1%
2025 · hover or tap a bar for each year
20182025
ASTS returns How much profit the business earns on the capital it uses.
Return on equity+74.3 pts
−29.5%
2025 · hover or tap a bar for each year
20182025
Return on invested capital+196.4 pts
−24.8%
2025 · hover or tap a bar for each year
20182025
Return on assets+34.2 pts
−11.5%
2025 · hover or tap a bar for each year
20182025
Asset turnover+253.8%
0.02
2025 · hover or tap a bar for each year
20182025
ASTS per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+868.8%
$0.28
2025 · hover or tap a bar for each year
20182025
Earnings per share
−$1.34
2025 · hover or tap a bar for each year
20182025
Free cash flow per share
−$4.44
2025 · hover or tap a bar for each year
20182025
Book value per share+132.0%
$7.19
2025 · hover or tap a bar for each year
20182025
Shares outstanding+65.7%
256.0M
2025 · hover or tap a bar for each year
20182025
ASTS financial health Debt, liquidity and how easily interest is covered.
Debt / equity+236.8%
1.22
2025 · hover or tap a bar for each year
20182025
Net debt+$295.8M
−$96.2M
2025 · hover or tap a bar for each year
20182025
Current ratio+106.9%
16.35
2025 · hover or tap a bar for each year
20182025
Interest coverage
-8.0
2025 · hover or tap a bar for each year
20182025
Debt / assets+146.4%
0.45
2025 · hover or tap a bar for each year
20182025
ASTS efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−5 days
101 days
2025 · hover or tap a bar for each year
20182025
Days of inventory+66 days
72 days
2025 · hover or tap a bar for each year
20182025
Days payables outstanding+244 days
352 days
2025 · hover or tap a bar for each year
20182025
Cash conversion cycle−183 days
-179 days
2025 · hover or tap a bar for each year
20182025
Capex / revenue−2,439.9 pts
1,501.4%
2025 · hover or tap a bar for each year
20182025
ASTS valuation history
Fiscal year-endToday8-year median
ASTS returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ASTS debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ASTS cash returned to shareholders
DividendsBuybacksFree cash flow
ASTS price vs earnings per share
Share price at year-endEPS (right axis)
ASTS key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $18.59B | $3.26B | $493.4M | — | — | — | — | — |
| Enterprise value | $18.50B | $2.87B | $480.6M | — | — | — | — | — |
| Price / sales | 262.2 | 737.9 | — | — | — | — | — | — |
| Price / book | 10.1 | 6.8 | 5.0 | — | — | — | — | — |
| EV / sales | 260.8 | 649.2 | — | — | — | — | — | — |
| Earnings yield | −1.8% | −9.2% | −17.7% | — | — | — | — | — |
| Free cash flow yield | −6.1% | −9.2% | −54.3% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | — | — | 0.2% | — | — | — | — | — |
| Share price at fiscal year-end | $72.63 | $21.10 | $6.03 | $4.82 | $7.94 | $13.58 | $9.87 | — |
| Per share | ||||||||
| Revenue per share | $0.28 | $0.03 | $0.00 | — | — | — | — | — |
| Earnings per share | −$1.34 | −$1.94 | −$1.07 | — | — | — | — | — |
| Operating cash flow per share | −$0.28 | −$0.82 | −$1.82 | — | — | — | — | — |
| Free cash flow per share | −$4.44 | −$1.94 | −$3.27 | — | — | — | — | — |
| Cash per share | $9.12 | $3.66 | $1.05 | — | — | — | — | — |
| Book value per share | $7.19 | $3.10 | $1.21 | — | — | — | — | — |
| Tangible book value per share | $6.24 | $3.10 | $1.21 | — | — | — | — | — |
| Capex per share | $4.16 | $1.13 | $1.45 | — | — | — | — | — |
| Debt per share | $8.75 | $1.12 | $0.89 | — | — | — | — | — |
| Shares outstanding | 256.0M | 154.5M | 81.8M | — | — | — | — | — |
| Change in shares outstanding | +65.7% | +88.8% | — | — | — | — | — | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | −29.5% | −103.8% | −75.3% | −27.1% | −34.4% | −46.0% | −60.0% | −48.7% |
| Return on invested capital (ROIC) | −24.8% | −221.2% | — | — | — | −84.0% | −391.8% | −180.6% |
| Return on assets (ROA) | −11.5% | −45.6% | −21.9% | −7.2% | −11.2% | −35.5% | −44.3% | −33.6% |
| Return on tangible assets | −7.2% | −31.4% | −24.3% | −7.2% | −6.9% | −25.3% | −34.4% | −51.4% |
| Free cash flow margin | — | — | — | — | — | −891.8% | −322.4% | — |
| Financial health | ||||||||
| Total debt | $2.24B | $173.0M | $72.9M | $12.8M | $13.2M | $7.0M | $1.8M | — |
| Cash & short-term investments | $2.34B | $565.0M | $85.6M | $238.6M | $321.8M | $42.8M | $26.5M | $7.1M |
| Net debt | −$96.2M | −$392.0M | −$12.8M | −$225.8M | −$308.6M | −$35.7M | −$24.7M | −$7.1M |
| Debt / equity | 1.22 | 0.36 | 0.74 | 0.10 | 0.13 | 0.09 | 0.06 | — |
| Debt / assets | 0.45 | 0.18 | 0.20 | 0.03 | 0.03 | 0.07 | 0.05 | — |
| Current ratio | 16.35 | 7.90 | 2.31 | 9.65 | 15.71 | 3.88 | 4.47 | 7.07 |
| Quick ratio | 16.27 | 7.89 | 2.31 | 8.66 | 15.64 | 3.69 | 4.45 | 7.04 |
| Interest coverage | -8.0 | -13.0 | -49.3 | -674.8 | -1.2 | — | -22.5 | — |
| Working capital | $2.31B | $524.3M | $60.7M | $240.5M | $314.4M | $37.8M | $21.5M | $7.0M |
| Invested capital | $1.75B | $87.1M | $86.2M | −$92.3M | −$208.3M | $41.8M | $2.4M | $2.0M |
| Tangible asset value | $2.15B | $669.1M | $213.6M | $359.8M | $348.1M | $75.5M | $25.5M | $7.5M |
| Net current asset value | −$163.6M | $314.8M | −$40.5M | $189.8M | $243.8M | $31.3M | $21.5M | $7.0M |
| Graham net-net per share | −$0.98 | $1.82 | −$0.74 | — | — | — | — | — |
| Capital allocation | ||||||||
| Share buybacks (net) | — | — | $865,000 | — | — | — | $0 | — |
| Capex / revenue | 1,501.4% | 3,941.3% | — | 414.4% | 441.7% | 509.5% | 258.4% | 71.3% |
| Capex / depreciation | 20.83 | 2.75 | 2.18 | 12.16 | 18.81 | 34.28 | 19.44 | 7.94 |
| Stock-based compensation / revenue | 67.0% | 725.2% | — | 67.9% | 30.1% | 4.7% | 9.3% | — |
| R&D / revenue | 39.6% | 2,767.6% | — | 722.1% | 427.6% | 236.2% | 420.4% | 640.2% |
| SG&A / revenue | 143.4% | 1,518.0% | — | 365.0% | 287.3% | 206.5% | 382.2% | 691.3% |
| Efficiency | ||||||||
| Days sales outstanding | 100.7 | 105.4 | — | 50.8 | 62.6 | 73.7 | 100.5 | 462.4 |
| Days of inventory on hand | 72.2 | 6.1 | — | 791.7 | 96.6 | 167.3 | 40.9 | 71.7 |
| Days payables outstanding | 352.3 | 108.3 | 115.6 | 559.1 | 280.6 | 394.7 | 391.8 | 1,110.7 |
| Cash conversion cycle (days) | -179.4 | 3.3 | — | 283.4 | -121.4 | -153.7 | -250.3 | -576.6 |
| Receivables turnover | 3.63 | 3.46 | 0.00 | 7.19 | 5.83 | 4.95 | 3.63 | 0.79 |
| Payables turnover | 1.04 | 3.37 | 3.16 | 0.65 | 1.30 | 0.92 | 0.93 | 0.33 |
| Inventory turnover | 5.06 | 59.64 | — | 0.46 | 3.78 | 2.18 | 8.92 | 5.09 |
| Asset turnover | 0.02 | 0.01 | 0.00 | 0.03 | 0.05 | 0.09 | 0.06 | 0.03 |
| Average receivables | $19.6M | $1.3M | $1.4M | $1.9M | $2.1M | $1.2M | $389,500 | $451,000 |
| Average payables | $31.9M | $18.8M | $17.3M | $10.3M | $5.8M | $3.3M | $1.0M | $496,000 |
| Average inventory | $6.5M | $1.1M | — | $14.6M | $2.0M | $1.4M | $107,000 | $32,000 |
| Intangibles / total assets | 4.9% | 0.0% | 0.0% | 0.0% | 0.9% | 4.5% | 11.9% | 34.6% |
Computed from ASTS's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ASTS valuation and financial ratios
AST SpaceMobile earned a return on equity of −29.5% and a return on invested capital of −24.8% in fiscal 2025. It ended the year with $2.2 billion of debt and $2.3 billion in cash and short-term investments, a net cash position of $96.2 million.
See the ASTS income statement, the ASTS chart for price history, or the ASTS stock overview for the latest quote and news.
ASTS key metrics FAQ
What is AST SpaceMobile's return on equity?
AST SpaceMobile's return on equity (ROE) was −29.5% in fiscal 2025: net income of -$341.9 million on average shareholders' equity of $1.2 billion.
What is AST SpaceMobile's ROIC?
AST SpaceMobile's return on invested capital was −24.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does AST SpaceMobile have?
AST SpaceMobile had total debt of $2.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.22 and more cash than debt.
What is AST SpaceMobile's free cash flow yield?
AST SpaceMobile generated -$1.1 billion of free cash flow in fiscal 2025, a free cash flow yield of −6.1% on its market value at year-end ($18.6 billion).
What is AST SpaceMobile's current ratio?
AST SpaceMobile's current ratio was 16.35 at the end of fiscal 2025: current assets were 16.35 times current liabilities.