AST SpaceMobile (ASTS) Free Cash Flow (2020 - 2026)

AST SpaceMobile (ASTS) reported Free Cash Flow of -$309.7 million for Q1 2026, down 107.82% year-over-year from $4.0 billion in Q1 2025, and up 6.37% quarter-over-quarter from -$330.7 million in Q4 2025.

AST SpaceMobile (ASTS) Free Cash Flow (2020 - 2026) Analysis & Trends

AST SpaceMobile (ASTS) has 7 years of Free Cash Flow data on file, last reported at -$309.7 million in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at -$309.7 million, down 107.82% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.3 billion (down 258.68% YoY), and the FY2025 annual result was -$1.1 billion, down 278.41% from the prior year.
  • Free Cash Flow climbed to -$309.7 million in Q1 2026 per ASTS's latest filing, from -$330.7 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at -$38.4 million in Q2 2024 and troughed at -$353.6 million in Q2 2025.
  • A 5-year average of -$131.0 million and a median of -$69.9 million in 2022 frame the typical range for Free Cash Flow.
  • The sharpest annual moves came in 2024 and 2025: Free Cash Flow soared 41.8% in 2024, then slumped 822.05% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at -$46.5 million in 2022, then slipped by 1.66% to -$47.2 million in 2023, then sank by 133.82% to -$110.5 million in 2024, then slumped by 199.38% to -$330.7 million in 2025, then increased by 6.37% to -$309.7 million in 2026.
  • Business Quant data shows ASTS's Free Cash Flow at -$309.7 million in Q1 2026, -$330.7 million in Q4 2025, and -$302.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn 3.34 Bn
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn 153.76 Mn
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 389.00 Mn
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn 609.00 Mn
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn 79.10 Mn
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 155.35 Mn
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn -309.66 Mn
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn -143.58 Mn
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 163.00 Mn
10 Viavi Solutions 10.76 Bn 10.75 Bn 234.10 Mn -32.20 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -309.66 Mn
Mar 31, 2026 -309.66 Mn
Dec 31, 2025 -330.73 Mn
Dec 31, 2025 -330.73 Mn
Sep 30, 2025 -302.89 Mn
Sep 30, 2025 -302.89 Mn
Jun 30, 2025 -353.64 Mn
Jun 30, 2025 -353.64 Mn
Mar 31, 2025 -149.00 Mn
Mar 31, 2025 -149.00 Mn
Dec 31, 2024 -110.47 Mn
Dec 31, 2024 -110.47 Mn
Sep 30, 2024 -63.75 Mn
Sep 30, 2024 -63.75 Mn
Jun 30, 2024 -38.35 Mn
Jun 30, 2024 -38.35 Mn
Mar 31, 2024 -87.69 Mn
Mar 31, 2024 -87.69 Mn
Dec 31, 2023 -47.25 Mn
Dec 31, 2023 -47.25 Mn