ASTS
AST SpaceMobile, Inc.
ASTS offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
BILI
Bilibili Inc.
BILI has the edge over ASTS overall, supported by lower modeled downside and stronger fundamentals.
ASTS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
ASTS's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
BILI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Under pressure |
BILI's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are under pressure.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
BILI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 27x | $13.50 | — |
| Cheap | 35x | $17.64 | +31% |
| Fair | 90x | $45.86 | +240% |
| Expensive | 316x | $161 | +1094% |
Historical ranges are pointers, not guarantees.
BILI's PE is 27x, but its earnings don't support one, so it isn't a reliable read right now.
ASTS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect ASTS's losses to grow, with revenue growing. However, they disagree widely on these estimates.
BILI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BILI, with profitability improving.
ASTS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.15 | -$0.91 |
| Q2 2026 | -$2.16 | -$0.27 |
| Q1 2026 | -$1.80 | +$0.19 |
| Q4 2025 | -$1.34 | +$0.61 |
| Q3 2025 | -$1.24 | +$0.88 |
| Q2 2025 | -$1.89 | -$0.64 |
| Q1 2025 | -$1.99 | -$1.01 |
| Q4 2022 | -$0.58 | -$0.21 |
ASTS is still losing money, but far less than before: $2.15 per share over the past year, against $5.76 at its worst in mid-2021.
BILI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.51 | +538% |
| Q1 2026 | $0.47 | +$0.69 |
| Q4 2025 | $0.40 | +$0.89 |
| Q3 2025 | $0.26 | +$1.25 |
| Q2 2025 | $0.08 | +$1.53 |
| Q1 2025 | -$0.22 | +$1.57 |
| Q4 2024 | -$0.49 | +$1.26 |
| Q3 2024 | -$0.99 | +$0.86 |
BILI has the edge over ASTS on earnings quality, reporting a profit while its opponent remains loss making.
ASTS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $42.3M | +187% |
| Q2 2026 | $31.5M | +2627% |
| Q1 2026 | $14.7M | +1952% |
| Q4 2025 | $54.3M | +2731% |
| Q3 2025 | $14.7M | +1240% |
| Q2 2025 | $1.2M | +28% |
| Q1 2025 | $718K | +44% |
| Q3 2022 | $4.2M | +70% |
ASTS's revenue has grown year over year for 11 quarters in a row: $42M last quarter, up 187% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -415% | +694 points |
| Q2 2026 | -948% | +10744 points |
| Q1 2026 | -1686% | +7083 points |
| Q4 2025 | -175% | +2446 points |
| Q3 2025 | -1109% | +4850 points |
| Q2 2025 | -11692% | -4693 points |
| Q1 2025 | -8769% | +2331 points |
| Q4 2024 | -2621% | N/A |
ASTS's operating margin was −415% last quarter, up 694 points from the same quarter a year ago.
BILI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.2B | +7.9% |
| Q1 2026 | $1.1B | +6% |
| Q4 2025 | $1.2B | +7.6% |
| Q3 2025 | $1.2B | +5.2% |
| Q2 2025 | $1.1B | +20% |
| Q1 2025 | $1.1B | +24% |
| Q4 2024 | $1.2B | +22% |
| Q3 2024 | $1.1B | +26% |
BILI's revenue has grown year over year every quarter since late 2020: $1.2B last quarter, up 7.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 4.7% | +1.3 points |
| Q1 2026 | 2.2% | +2 points |
| Q4 2025 | 6.1% | +4.4 points |
| Q3 2025 | 4.6% | +5.5 points |
| Q2 2025 | 3.4% | +13 points |
| Q1 2025 | 0.2% | +15 points |
| Q4 2024 | 1.6% | +22 points |
| Q3 2024 | -0.9% | +18 points |
BILI has the edge over ASTS on profitability, with a higher operating margin.
ASTS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$464.2M | -$161.4M |
| Q2 2026 | -$694.8M | -$341.1M |
| Q1 2026 | -$309.7M | -$160.7M |
| Q4 2025 | -$330.7M | -$220.3M |
| Q3 2025 | -$302.9M | -$239.1M |
| Q2 2025 | -$353.6M | -$315.3M |
| Q1 2025 | -$149M | -$61.3M |
| Q4 2024 | -$110.5M | -$63.2M |
ASTS has burned cash in almost every quarter: −$1.8B over the past year, against −$916M the year before.
BILI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | -100% |
| Q1 2026 | $0 | -100% |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $303.9M | +9.8% |
| Q1 2025 | $190M | +133% |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
BILI has the edge over ASTS on cash flow, with more consistent year-over-year improvement.
ASTS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +1.1M shares |
| 1 year | +10% | +27.3M shares |
| 3 years | +235% | +211M shares |
| 5 years | +480% | +248M shares |
| Available history | +944% | +271M shares |
ASTS has 300M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
BILI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -5.9M shares |
| 1 year | +3.7% | +16.2M shares |
| 3 years | +9.7% | +40.1M shares |
| 5 years | +18% | +69M shares |
| Available history | +39% | +126M shares |
BILI has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $338,861 |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
BILI hasn't bought back shares in the past year.
ASTS Net Leverage
ASTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
BILI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | -1.4x | Net Cash |
| Q3 2025 | -1.6x | Net Cash |
| Q2 2025 | -0.7x | Net Cash |
| Q1 2025 | -7.0x | Net Cash |
BILI's net debt is about 2.5 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
ASTS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.1 | Neutral |
| Stochastic | 11.9 | Oversold |
ASTS's weekly RSI is 34 (neutral) and its Stochastic is 12 (oversold).
BILI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.7 | Neutral |
| Stochastic | 14.5 | Oversold |
BILI's weekly RSI is 37 (neutral) and its Stochastic is 15 (oversold).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
BILI PE vs Technology Sector
| Metric | BILI | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 4.2% below |
| PE % | 3 | 35 | 32 pts below |
BILI is trading at 27x earnings, in line with the Technology sector's median of 28x, though its earnings don't support one.
ASTS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.9 | 23% below |
| 20 week MA | $57.1 | 40% below |
| 50 week MA | $75.5 | 54% below |
| 100 week MA | $57.8 | 40% below |
| 200 week MA | $33.6 | 2.8% above |
ASTS has the edge over BILI on trend strength, trading above more of its moving averages.
BILI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.2 | 4.6% below |
| 20 week MA | $15.9 | 15% below |
| 50 week MA | $21.0 | 36% below |
| 100 week MA | $21.4 | 37% below |
| 200 week MA | $18.7 | 28% below |
BILI is in a downtrend: it's below all five of its weekly moving averages, and 28% below its 200-week average.
ASTS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.87 | $13.4 | +36% |
| 2021 | $13.4 | $8.71 | -35% |
| 2022 | $8.71 | $3.97 | -54% |
| 2023 | $3.97 | $6.03 | +52% |
| 2024 | $6.03 | $22.9 | +280% |
| 2025 | $22.9 | $72.0 | +214% |
| 2026 YTD | $72.0 | $34.5 | -52% |
ASTS's yearly returns have swung widely, from +280% in 2024 to −54% in 2022. It's down 52% so far in 2026.
BILI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.2 | $82.0 | +350% |
| 2021 | $82.0 | $45.9 | -44% |
| 2022 | $45.9 | $23.2 | -50% |
| 2023 | $23.2 | $12.2 | -47% |
| 2024 | $12.2 | $18.8 | +55% |
| 2025 | $18.8 | $25.0 | +32% |
| 2026 YTD | $25.0 | $13.5 | -46% |
BILI has the edge over ASTS on returns for 2026, with the stronger performance.