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

AST SpaceMobile's (ASTS) quarterly Free Cash Flow came in at -$309.7 million in Q1 2026, down 107.82% year-on-year from $4.0 billion in Q1 2025, and up 6.37% on a QoQ basis 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.

  • On a quarterly basis, Free Cash Flow fell 107.82% year-over-year to -$309.7 million in Q1 2026; TTM through Mar 2026 was -$1.3 billion, a 258.68% decrease from a year earlier, with the FY2025 full-year figure at -$1.1 billion, down 278.41% from the prior year.
  • Free Cash Flow for Q1 2026 stood at -$309.7 million, up from -$330.7 million in the prior quarter.
  • Over the last five years, Free Cash Flow for ASTS reached as high as -$38.4 million in Q2 2024 and fell as low as -$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.
  • Across the five-year window, Free Cash Flow jumped 41.8% in 2024 and plunged 822.05% in 2025, its largest moves.
  • Year by year, Free Cash Flow stood at -$46.5 million in 2022, then fell 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 advanced by 6.37% to -$309.7 million in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were -$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 444.27 Bn 427.63 Bn 10.08 Bn 3.34 Bn
2 Motorola Solutions 68.42 Bn 67.56 Bn 1.36 Bn 389.00 Mn
3 Hewlett Packard Enterprise 63.57 Bn 58.72 Bn 9.10 Bn 609.00 Mn
4 Lumentum Holdings 59.61 Bn 56.43 Bn 357.00 Mn 79.10 Mn
5 Ciena 57.62 Bn 56.33 Bn 625.52 Mn 212.74 Mn
6 Nokia 52.70 Bn 45.22 Bn 9.86 Bn -
7 Ubiquiti 32.00 Bn 31.63 Bn 370.71 Mn 162.23 Mn
8 AST SpaceMobile 17.20 Bn 17.78 Bn 3.67 Mn -309.66 Mn
9 Zebra Technologies 12.59 Bn 12.48 Bn 742.00 Mn 163.00 Mn
10 Viasat 10.14 Bn 8.46 Bn 615.36 Mn 974.25 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