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| Date | Value |
|---|---|
| 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 |