ASTS
AST SpaceMobile, Inc.
ASTS offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
KC
Kingsoft Cloud Holdings Limited
KC has the edge over ASTS overall, supported by stronger fundamentals and lower modeled downside.
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.
KC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Strong |
KC's revenue and balance sheet are currently strong, and its profitability and cash flow are stable.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
KC PE Valuation
KC 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.
KC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect KC's losses to shrink, with revenue growing. 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.
KC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.31 | +$0.92 |
| Q1 2026 | -$0.53 | +$0.65 |
| Q4 2025 | -$0.54 | +$0.67 |
| Q3 2025 | -$0.58 | +$0.69 |
| Q2 2025 | -$1.23 | -$0.11 |
| Q1 2025 | -$1.18 | +$0.04 |
| Q4 2024 | -$1.21 | +$0.17 |
| Q3 2024 | -$1.27 | -$0.04 |
KC 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.
KC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $459.7M | +30% |
| Q1 2026 | $405.8M | +37% |
| Q4 2025 | $414.4M | +24% |
| Q3 2025 | $371.9M | +31% |
| Q2 2025 | $352.6M | +24% |
| Q1 2025 | $295.6M | +11% |
| Q4 2024 | $335M | +30% |
| Q3 2024 | $283M | +16% |
KC's revenue has grown year over year for nine quarters in a row: $460M last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 0.8% | +15 points |
| Q1 2026 | -6.1% | +5.8 points |
| Q4 2025 | 6.5% | +8.7 points |
| Q3 2025 | -5.9% | +6 points |
| Q2 2025 | -14% | +0.8 points |
| Q1 2025 | -12% | +3.5 points |
| Q4 2024 | -2.2% | +18 points |
| Q3 2024 | -12% | +38 points |
KC 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.
KC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $427.8M | +95% |
| Q1 2026 | $80.1M | +$142.9M |
| Q4 2025 | -$555.2M | -749% |
| Q3 2025 | $257.6M | +652% |
| Q2 2025 | $219.1M | +866% |
| Q1 2025 | -$62.8M | -$14.6M |
| Q4 2024 | $85.6M | +$377M |
| Q3 2024 | $34.3M | +1021% |
KC 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 the edge over KC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
KC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.6M shares |
| 1 year | +21% | +51.6M shares |
| 3 years | +26% | +62.4M shares |
| 5 years | +34% | +75.6M shares |
| Available history | +401% | +240M shares |
KC has 300M diluted shares, up 21% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
KC 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.
KC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.2x | Very low |
KC's net debt is less than a year of its operating earnings (EBITDA).
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).
KC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.3 | Neutral |
| Stochastic | 8.2 | Oversold |
KC's weekly RSI is 37 (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.
KC PE vs Technology Sector
KC 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 the edge over KC on trend strength, trading above more of its moving averages.
KC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.63 | 8.9% below |
| 20 week MA | $9.79 | 20% below |
| 50 week MA | $11.7 | 33% below |
| 100 week MA | $12.7 | 38% below |
| 200 week MA | $8.48 | 7.3% below |
KC is in a downtrend: it's below all five of its weekly moving averages, and 7.3% 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.
KC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.8 | $45.3 | +90% |
| 2021 | $45.3 | $15.5 | -66% |
| 2022 | $15.5 | $3.45 | -78% |
| 2023 | $3.45 | $3.78 | +9.6% |
| 2024 | $3.78 | $12.6 | +233% |
| 2025 | $12.6 | $10.7 | -15% |
| 2026 YTD | $10.7 | $7.86 | -27% |
KC has the edge over ASTS on returns for 2026, with the stronger performance.