AST SpaceMobile, Inc.

ASTSNASDAQTechnology● Active

$94.40

+$0.80(+0.85%)

Market Cap$38.4B

P/E Ratio—

52W High$133.86

52W Low$27.72

Avg Volume18.8M

Open$103.16

Beta2.63

Overview

AST SpaceMobile, Inc. (ASTS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ASTS · free cash flow · updated Jun 8, 2026

Core FCF metrics

ASTS · FCF · TTM · margin & CAGR

Free cash flow was −$1.14B for FY2025 (fiscal year ending 2025-12-31), down 278.4% year-over-year

FY2025 Free Cash Flow−$1.14B▼ -278.4% YoY

Trailing 12M (TTM)−$1.30Btrailing 4 quarters sum

FCF Margin< −999%−$1.14B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ASTS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$71.5M(1.06B)−$1.14B▼ 278.4%—

FY2024−$126.1M(174M)−$300.3M▼ 12.1%—

FY2023−$148.9M(119M)−$267.7M▼ 25.3%—

FY2022−$156.5M(57M)−$213.7M▼ 58.5%—

FY2021−$80.1M(55M)−$134.9M▼ 153.5%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ASTS · P/FCF · FCF yield · FCF per share

AST SpaceMobile, Inc. (ASTS) reported negative free cash flow of −$1.14B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ASTS · cash flow statement · operating / investing / financing

For FY2025, AST SpaceMobile, Inc. generated −$71.5M in operating cash flow and spent 1.06B in capital expenditures, yielding −$1.14B in free cash flow.

Operating Activities

−$71.5M

Cash from core business operations

2025-12-31

Investing Activities

−$1.54B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$3.83B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$71.5M) − |CapEx| (1.06B) = FCF (−$1.14B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

ASTS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

AST SpaceMobile, Inc.YOU

ASTS

−$1.14B-278.4%-1602.2%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

AST SpaceMobile, Inc. (ASTS) reported free cash flow of −$1.14B for FY2025 (fiscal year ending 2025-12-31), down 278.4% year-over-year.

AST SpaceMobile, Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 8 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ASTS free cash flow · 8 questions

AST SpaceMobile, Inc. free cash flow was −$1.14B for FY2025, down 278.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.30B.

ASTS free cash flowASTS FCFASTS FCF 2025ASTS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · AST SpaceMobile, Inc. · AST SpaceMobile, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026