ASTS
AST SpaceMobile, Inc.
ASTS has lower modeled downside risk, despite its lower overall score.
BLZE
Backblaze, Inc.
BLZE has the edge over ASTS overall, supported by stronger fundamentals and stronger modeled upside.
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.
BLZE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Strong | |
| Strong |
BLZE's revenue, cash flow and balance sheet are currently healthy, but its profitability is under pressure.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
BLZE PE Valuation
BLZE has no meaningful PE right now: it lost money over the past year.
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.
BLZE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for BLZE, with profitability improving. However, they disagree widely on these estimates.
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.
BLZE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.31 | — |
| Q3 2026 | -$0.31 | +$0.36 |
| Q2 2026 | -$0.34 | +$0.55 |
| Q1 2026 | -$0.39 | +$0.62 |
| Q4 2025 | -$0.46 | +$0.65 |
| Q3 2025 | -$0.67 | +$0.45 |
| Q2 2025 | -$0.89 | +$0.38 |
| Q1 2025 | -$1.01 | +$0.42 |
| Q4 2024 | -$1.11 | +$0.55 |
BLZE has the edge over ASTS on earnings, with more consistent year-over-year improvement.
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.
BLZE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $46.7M | +26% |
| Q2 2026 | $42.7M | +18% |
| Q1 2026 | $38.7M | +12% |
| Q4 2025 | $37.8M | +12% |
| Q3 2025 | $37.2M | +14% |
| Q2 2025 | $36.3M | +16% |
| Q1 2025 | $34.6M | +15% |
| Q4 2024 | $33.8M | +18% |
BLZE's revenue has grown year over year every quarter since early 2021: $47M last quarter, up 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3% | +5.9 points |
| Q2 2026 | -9.8% | +8.7 points |
| Q1 2026 | -14% | +12 points |
| Q4 2025 | -12% | +28 points |
| Q3 2025 | -8.9% | +29 points |
| Q2 2025 | -19% | +13 points |
| Q1 2025 | -26% | +9.3 points |
| Q4 2024 | -41% | -0.3 points |
BLZE 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.
BLZE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.1M | +134% |
| Q2 2026 | $9.6M | +249% |
| Q1 2026 | $2.7M | -39% |
| Q4 2025 | $9M | +543% |
| Q3 2025 | $2.6M | -41% |
| Q2 2025 | $2.8M | +41% |
| Q1 2025 | $4.4M | +48% |
| Q4 2024 | $1.4M | -50% |
BLZE has the edge over ASTS on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 | — |
BLZE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.9% | +1.7M shares |
| 1 year | +9.8% | +5.6M shares |
| 3 years | +71% | +25.9M shares |
| 5 years | +230% | +43.6M shares |
| Available history | +236% | +43.9M shares |
BLZE has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $566,000 |
| Q1 2026 | $809,000 |
| Q4 2025 | $798,000 |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
BLZE spent $2M buying back its own shares over 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.
BLZE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | -3.8x | Net Cash |
| Q1 2026 | -5.8x | Net Cash |
| Q4 2025 | -14.8x | Net Cash |
| Q3 2021 | -1.2x | Net Cash |
| Q2 2021 | 4.0x | High |
| Q1 2021 | 0.8x | Very low |
| Q4 2020 | 2.9x | Moderate |
BLZE's net debt is less than a year 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).
BLZE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.4 | Neutral |
| Stochastic | 8.5 | Oversold |
BLZE's weekly RSI is 44 (neutral) and its Stochastic is 8 (oversold).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
BLZE PE vs Technology Sector
BLZE has no meaningful PE right now: it lost money over the past year.
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 fallen below most of its moving averages, though it's still 2.8% above its 200-week average.
BLZE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.2 | 14% below |
| 20 week MA | $13.0 | 33% below |
| 50 week MA | $8.48 | 3.7% above |
| 100 week MA | $7.47 | 18% above |
| 200 week MA | $7.00 | 26% above |
BLZE has the edge over ASTS on trend strength, trading above more of its moving averages.
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.
BLZE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $22.0 | $18.7 | -15% |
| 2022 | $18.7 | $5.67 | -70% |
| 2023 | $5.67 | $7.59 | +34% |
| 2024 | $7.59 | $6.23 | -18% |
| 2025 | $6.23 | $4.84 | -22% |
| 2026 YTD | $4.84 | $8.79 | +82% |
BLZE has the edge over ASTS on returns for 2026, with the stronger performance.