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AST SpaceMobile, Inc. (ASTS)

Technology Out of favour

AST SpaceMobile is building a space-based cellular broadband network designed to connect everyday mobile phones directly to satellites.

$59.86

Is AST SpaceMobile, Inc. a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Pioneering technology that solves a genuine global connectivity problem. Worth weighing: Currently not profitable with negative return on equity.

No rating · no target price · nothing for sale here
Price+203.4%
= past earnings-report date
Priced in USD. As a UK investor your £ return also moves with the pound-to-dollar exchange rate, even inside an ISA - a stronger pound can trim your £ gains and a weaker pound can add to them, whatever the share price itself does.
52-week range+26% past year
$59.86
Low $36.08High $133.86
Where today's price sits versus its past year - context, not a signal.

Is this normal for this company?

Each figure against the range this same company has produced recently. Neither end of a range is the good end.

Net profit margin
-1296.3%now
-8598.1%-136.2%

Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.

How these ranges are built

Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.

What does AST SpaceMobile, Inc. do?

The company aims to eliminate mobile 'not-spots' by launching satellites that act like cell towers in space, allowing standard smartphones to connect without needing special equipment. Its income comes from partnering with existing mobile network operators to provide coverage in remote or underserved areas. Their fortunes hinge on launching and operating their satellite constellation at scale to prove the technology works reliably.

On our factor screen it looks strongest on growth and value, and weakest on income.

Quick checks
What's strong
  • Growth screens high
What to watch
  • Quality screens low
  • Momentum screens low
  • Income screens low

Does AST SpaceMobile, Inc. pay a dividend?

No - AST SpaceMobile, Inc. doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.

Does AST SpaceMobile, Inc. have more cash or more debt?

It holds about $2.29B in cash against about $2.99B of debt - so it has net debt of about $705.48M. Debt is not automatically a problem - it funds growth - but it has to be serviced and repaid, which matters more when profits wobble.

From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.

What do AST SpaceMobile, Inc.'s numbers mean?

P/S
Not meaningful
Sales are tiny or close to zero, so this multiple balloons. It usually means the company is pre-revenue rather than expensive in any ordinary sense.
Gross margin
38.9%
This is the percentage of revenue left after paying the direct costs of providing their service, showing how efficiently they can deliver their tech.
Lower than most of the 131 Technology shares we cover
Beta
2.7
A beta above 1 means the share price tends to be much more volatile and jumpy than the wider stock market.
Revenue growth
Not meaningful
Growth is measured from a very small base, so the percentage is huge without meaning much - going from £1m to £20m of sales is a 1,900% rise.

How has it performed?

Growth of £1,000, the worst fall, and year by year
If you had put $1,000 into AST SpaceMobile, Inc.
$3,034+203%

Over about 2 years to 2026-09-11. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has AST SpaceMobile, Inc. actually fallen?

−60%

Over the last 2 years of daily prices, AST SpaceMobile, Inc. fell as much as −60% from a high to a later low. Falls like this are normal when you own a share.

Past falls are not a forecast - it can fall further, or recover.

How has it done year by year?

2022-39%
2023+25%
2024+250%
2025+244%
2026 so far-1%

Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.

A closer look at the numbers

Ownership, earnings history, where the money goes, and the outlook range
Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
$27.80B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
21.42M
Day range: The lowest and highest price the shares traded at during the latest day.
$59.20 – $61.34
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
$36.08 – $133.86

Does the share price tell you if it's cheap or expensive?

One share costs$59.86
Number of shares464 million
So the whole company is worth$27.8bn
A £5 share is not cheaper than a £500 one - it means the company cut itself into more slices. Whether the total looks high or low is what the figures below are for; we don't give a verdict.

Who owns AST SpaceMobile, Inc.?

Big institutions 50%Company insiders 8%Public & smaller investors 43%

About 50% of AST SpaceMobile, Inc., or about 50 in every 100 shares, is held by big institutions such as pension and index funds, and company insiders hold about 8%. The rest, roughly 43%, is held by the public and smaller investors.

What this does and doesn't tell you

This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.

Why has it been moving?▲ +29% past week · ▲ +26% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

How much money does AST SpaceMobile, Inc. make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
$0$13.58M$27.15M$40.73M$54.30MQ1 25Q2 25Q3 25Q4 25Q1 26
Gross margin
38.9%
Net margin
0.0%
Return on equity
-45.6%

When does AST SpaceMobile, Inc. report earnings, and how did recent quarters go?

AST SpaceMobile, Inc. is next scheduled to report on about 2026-11-09 - dates can move, and we don't predict results; this just tells you when to look.

‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.

AST SpaceMobile, Inc.: reported versus expected earnings per share, recent quarters
ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2026-08-10$-0.33$-0.77Missed -132%
2026-05-11$-0.20$-0.66Missed -234%
2026-03-02$-0.20$-0.26Missed -30%
2025-11-10$-0.26$-0.45Missed -74%
2025-08-11$-0.22$-0.41Missed -89%
2025-05-12$-0.22$-0.20Beat +11%

Across the last 6 quarters here, AST SpaceMobile, Inc. came in ahead of what analysts expected 1 time. One quarter is noise, not a trend.

See who else reports over the next two weeks →

Where these figures come from

Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.

What are the scenarios for AST SpaceMobile, Inc.?

An illustrative range for the year ahead — not a prediction or a price target.

◀ lowerhigher ▶todayBull▲ UpsideBase• In-lineBear▼ Downside
Bull
+20% to +40%Successful deployment of new satellite batches
Base
-5% to +5%Steady progress on technical testing
Bear
-20% to -40%Delays in satellite launches or technical glitches

What are the pros, cons and common questions?

The case each way, and the questions people ask
The bull case

Becoming the standard for global mobile connectivity

The bear case

Competition from other satellite providers or terrestrial tech

What are the pros and cons of AST SpaceMobile, Inc.?

3bull points
6bear points

A balance check, not a score or verdict.

The bull case3
  • Pioneering technology that solves a genuine global connectivity problem
  • Strong partnerships with major established mobile network operators
  • High potential for rapid revenue growth: How fast the company's sales grew versus a year ago. as the network expands
The catch3
  • Currently not profitable with negative return on equity: How much profit the company makes for each £1 shareholders have put in. Higher usually means a more efficient business.
  • Extremely high valuation relative to current sales
  • High share price volatility compared to the broader market
Key risks3
  • Significant technical risk in launching and maintaining space hardware
  • Heavy reliance on external funding to cover high capital expenditure
  • Regulatory hurdles regarding space usage and spectrum rights
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

  • Consistent failure to launch satellites on schedule
  • Competitors proving a cheaper or more effective alternative

Common questions about AST SpaceMobile, Inc.

Does AST SpaceMobile, Inc. pay a dividend?

No - AST SpaceMobile, Inc. does not currently pay a dividend, so the return would rest on the share price. Many growing companies reinvest profits instead of paying them out.

When does AST SpaceMobile, Inc. report earnings next?

AST SpaceMobile, Inc. is next scheduled to report results on about 2026-11-09. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.

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Confidence: low · data: USD · flags: pe, earnings_growth · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Prices as of 11 Sep 2026; other figures as of 11 Aug 2026. Prices may be delayed and numbers can go stale - always double-check before acting.