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AST SpaceMobile ASTS

AST SpaceMobile scores weak on business quality (4.3 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$50.97Oct 9, 2026
Business qualityWeak
Next earningsNov 9, 2026
Insiders, 90 daysBuying

Why it matters

  1. What AST SpaceMobile does

    AST SpaceMobile builds a space-based cellular broadband network designed to connect standard, unmodified mobile phones directly to satellites without requiring special hardware. Telecom operators pay to route calls and data through its orbital array to eliminate terrestrial dead zones.

  2. What it does best

    AST SpaceMobile builds direct-to-cellular connectivity for standard smartphones, a capability backed by a revenue growth rate in the top decile of its sector at 1675%. This creates a high barrier as rivals must launch expensive low-Earth orbit constellations to match its coverage.

  3. The main risk

    Massive capital requirements threaten the balance sheet as free cash flow stands at negative $1.7B while capital expenditures reach $1.6B. If launch delays or fundraising hiccups occur before commercial revenues scale, the business will burn through its $2.3B cash pile.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margins sit deeply negative at -411% alongside a net margin of -538% as heavy infrastructure investments outpace revenue. The business currently loses money on every dollar of revenue as it scales.

MoatWeak

The moat relies on spectrum coordination and regulatory approvals that lock telecom operators into exclusive partnerships. Its gross margin ranks in the bottom quartile at 39% compared to Iridium at 72%.

GrowthFast

Revenue surged to $115M, jumping from $71M the prior year and near-zero levels previously. This exponential top-line expansion reflects early commercial agreements starting to materialize.

Financial healthWeak

Total debt sits at $2.2B against $2.3B in cash, while free cash flow remains heavily negative at $1.7B due to $1.6B in capital expenditures. Financial reality is getting softer as spending accelerates.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 insider bought $619K on the open market. 1 sold $707K outside pre-planned sales.

Our sealed record on ASTS

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is ASTS a good business?

AST SpaceMobile scores weak on the Cluenex quality check (4.3 of 10), measured against its own industry. Profitability is weak, moat weak, growth fast and financial health weak.

Are insiders buying ASTS?

In the last 90 days of SEC Form 4 filings: 1 insider bought $619K on the open market. 1 sold $707K outside pre-planned sales.

When does ASTS report earnings?

Nov 9, 2026.

For members

See ASTS today

  • Today's verdict on ASTS, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “AST SpaceMobile (ASTS)”, https://cluenex.com/stocks/asts/, data as of Oct 10, 2026.