Reading the tape
NASDAQ: ASTS
AST SpaceMobile, Inc.
Technology · Communication Equipment
Market Cap
$37.82B
52w High
$129.89
52w Low
$20.26
P/E
-71.12
Volume
11.76M
Outstanding Shares
398.57M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 310.11%Revenue (TTM): 1,505.21%FCF (TTM): -278.41%
What changed
The stock rose 310.11% over the last year. Revenue grew 1,505.21% over the trailing twelve months. Operating margin moved from -5,303.37% to -405.7%. Free cash flow declined 278.41% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum. The operating data is doing enough work that the move does not need an overvaluation story to explain it.
What would invalidate this read
Operating margin is at -405.7%. Revenue grew 1,505.21% — this thesis depends on that trajectory holding. Despite the price move, free cash flow fell 278.41%, which is worth watching as a leading indicator of future pressure. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
AST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones.
CEOAbel Avellan
SectorTechnology
IndustryCommunication Equipment
Employees578
IPO dateNov 1, 2019
Valuation
Forward P/E—
EV/EBITDA-68.19
Enterprise value$25.23B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth2,731.33%
Gross margin-74.86%▼46.58%vs FY2024
Operating margin-405.7%▲92.62%vs FY2024
ROE-18.57%▲70.35%vs FY2024
Analyst consensus
RatingBuy
Target price$106.53▲12.26%
3
Buy
2
Hold
2
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Last 3 reported quarters plus the next estimate. Switch into compare mode to inspect one metric year-over-year.
Next report
May 11, 2026
View
EPS
Actual vs estimate by quarter
Q3FY25
ActualEst.
-$0.41
-$0.19
Q4FY25
ActualEst.
-$0.45
-$0.39
Q1FY26
ActualEst.
-$0.26
-$0.18
Q2FY26
Next Est.
—
Revenue
Actual vs estimate by quarter
Q3FY25
ActualEst.
$1.16M
$6.68M
Q4FY25
ActualEst.
$14.74M
$22.04M
Q1FY26
ActualEst.
$54.31M
$41.77M
Q2FY26
Next Est.
—