Ast SpaceMobile, Inc. (ASTS) intrinsic value & 10-year financials
Ast SpaceMobile, Inc. (ASTS) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 64.1% a year to $70.9M, with an average return on invested capital of -60.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $40.66
- Market cap
- $10.4B
- Revenue (FY2025)
- $70.9M
- Revenue growth (7-yr CAGR)
- 64.1%
- ROIC (10-yr avg)
- -60.0%
- Free cash flow (FY2025)
- -$1.1B
ASTS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $70.9M | -$341.9M | — | -$1.1B | — | -26.6% |
| FY2024 | $13.8M | -$300.1M | — | -$300.3M | — | -126.4% |
| FY2023 | $0 | -$87.6M | — | -$267.7M | — | -52.6% |
| FY2022 | $13.8M | -$31.6M | — | -$186.8M | — | -36.0% |
| FY2021 | $12.4M | -$30.6M | — | -$95.2M | — | -112.9% |
| FY2020 | $6.0M | $191.2K | — | -$9.0M | -18.8% | -5.3% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AST SpaceMobile, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
AST SpaceMobile, Inc. has historically struggled to out-earn its cost of capital, averaging just -60.0% ROIC.
AST SpaceMobile, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, AST SpaceMobile, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-44.37 per share.