AST SpaceMobile (ASTS) Free Cash Flow (2020 - 2026)
AST SpaceMobile (ASTS) posted quarterly 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 reported Free Cash Flow for 7 consecutive years, with -$309.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow fell 107.82% year-over-year to -$309.7 million; the TTM figure through Mar 2026 stood at -$1.3 billion (down 258.68% YoY), while the FY2025 annual figure was -$1.1 billion, down 278.41% from the prior year.
- Free Cash Flow grew to -$309.7 million in Q1 2026 per ASTS's latest filing, from -$330.7 million in the prior quarter.
- Across five years, Free Cash Flow topped out at -$38.4 million in Q2 2024 and bottomed at -$353.6 million in Q2 2025.
- Historically, Free Cash Flow has averaged -$131.0 million across 5 years, with a median of -$69.9 million in 2022.
- Annual changes were most pronounced in 2024 — Free Cash Flow soared 41.8% — and 2025, when it slumped 822.05%.
- AST SpaceMobile's Free Cash Flow stood at -$46.5 million in 2022, then dropped by 1.66% to -$47.2 million in 2023, then slumped by 133.82% to -$110.5 million in 2024, then tumbled by 199.38% to -$330.7 million in 2025, then rose 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 3.34 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 827.00 Mn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 414.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 79.10 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | - |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 218.65 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 162.23 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | 676.12 Mn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | -694.77 Mn |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 198.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -694.77 Mn |
| Jun 30, 2026 | -694.77 Mn |
| 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 |