Stock

AST SpaceMobile

ASTS
24
Telecommunications Services · Communication Services
Price
$38.77
-2.13 (-5.21%)
Market Cap
$15.83B
Exchange
NASDAQ
Winston Score
24
Winston is worried
Weak fundamentals across most pillars.
Data as of Oct 23, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Weak
4/30
Growth
Mixed
7/20
Cash Flow
Weak
0/10
Stability
Weak
2/10
Valuation
Data not available
0/10
Ownership
Good
10/15
Dividends
Not counted
n/a

23 of 95 counted points = Winston Score 24. Pillars marked n/a do not apply to this company and are left out of the total.

Share count rising — dilution

+394.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 51.7M (2021) → 256.0M (2025)

§Winston Score History

The full picture

AST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.

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4 trades / 12mo

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

>+1,000% YoY

YoY Growth Rate

Revenue accelerating

Reported EPS Growth

-87.8% YoY

Quarterly reporting periods ended:

30 Jun 2025: $-0.41

30 Jun 2026: $-0.77

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS decreased year over year

R&D Spend

$28M/ year

→ Flat (-2% vs prior year)

39.6% of revenue

3.3x the sector average (12%)

Steady R&D investment year-over-year

Insider Activity

11.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~10 months

$2.3B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

AST SpaceMobile grew revenue 2627% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
25.2%
Modest — 25.2% gross margin
Profit after running costs
Operating Margin
-944.1%
Losing money on operations — -944.1%
Return on the money invested
ROCE
-12.3%
Weak — -12.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
>+1,000%
Fast-growing sales (>+1,000% YoY)
Profit growth
EPS YoY
N/A
—
Data not available
How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
—
Data not available
Spare cash per sale
FCF Margin
-1420.7%
Burning cash (-1420.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
1.58
Elevated debt (1.58)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
—
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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