ASTS
AST SpaceMobile, Inc.
ASTS has the edge over KD overall, supported by stronger modeled upside and stronger fundamentals.
KD
Kyndryl Holdings, Inc.
KD has slightly lower modeled downside risk, despite its lower overall score.
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.
KD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Under pressure |
KD's revenue and profitability are currently 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.
KD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 6.1x | $17.06 | — |
| Cheap | 14x | $4.73 | -72% |
| Fair | 25x | $8.67 | -49% |
| Expensive | 40x | $14.14 | -17% |
| Current | 49x | $17.06 | — |
Historical ranges are pointers, not guarantees.
KD's PE is in its expensive range at 49x. If earnings grow as analysts expect, today's price would be 6.1x next year's earnings, in its cheap range.
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.
KD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect KD's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
KD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.78 | +693% |
| Q3 2026 | $0.35 | -80% |
| Q2 2026 | $0.37 | -70% |
| Q1 2026 | $0.85 | -19% |
| Q4 2025 | $1.07 | +91% |
| Q3 2025 | $1.71 | +$2.09 |
| Q2 2025 | $1.23 | +$2.04 |
| Q1 2025 | $1.05 | +$2.53 |
| Q4 2024 | $0.56 | +$5.09 |
KD 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 has the edge over KD on sales, with more consistent year-over-year improvement.
| 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.
KD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.7B | -1.9% |
| Q2 2026 | $3.6B | -3.3% |
| Q1 2026 | $3.8B | -0.8% |
| Q4 2025 | $3.9B | +3.1% |
| Q3 2025 | $3.7B | -1.4% |
| Q2 2025 | $3.7B | +0.1% |
| Q1 2025 | $3.8B | -1.3% |
| Q4 2024 | $3.7B | -4.9% |
KD's revenue fell from its 2020 peak and has held roughly level since: $3.7B last quarter, down 1.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.1% | +0.4 points |
| Q2 2026 | -1.9% | -4.4 points |
| Q1 2026 | 3.5% | +0.4 points |
| Q4 2025 | 2.4% | -4.5 points |
| Q3 2025 | 2.6% | +2.8 points |
| Q2 2025 | 2.5% | +0.8 points |
| Q1 2025 | 3.1% | +3.2 points |
| Q4 2024 | 6.9% | +5.5 points |
KD 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.
KD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$41M | -341% |
| Q2 2026 | -$459M | -$192M |
| Q1 2026 | $382M | +12% |
| Q4 2025 | $208M | +38% |
| Q3 2025 | $17M | +13% |
| Q2 2025 | -$267M | -$97M |
| Q1 2025 | $341M | +$398M |
| Q4 2024 | $151M | -42% |
KD 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 | — |
KD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -1.5M shares |
| 1 year | -7.1% | -16.8M shares |
| 3 years | -4.4% | -10M shares |
| 5 years | -2.2% | -5M shares |
| Available history | -2.2% | -4.8M shares |
KD has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $33M |
| Q2 2026 | $64M |
| Q1 2026 | $54M |
| Q4 2025 | $99M |
| Q3 2025 | $89M |
| Q2 2025 | $62M |
| Q1 2025 | $63M |
| Q2 2021 | — |
KD spent $250M 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.
KD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 3.5x | Elevated |
| Q1 2026 | 2.6x | Moderate |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.6x | Healthy |
KD's net debt is about 2.9 years of its operating earnings (EBITDA), up from 1.3 years 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).
KD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.0 | Neutral |
| Stochastic | 76.4 | Neutral |
KD's weekly RSI is 63 (neutral) and its Stochastic is 76 (neutral).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
KD PE vs Technology Sector
| Metric | KD | Sector median | Relative |
|---|---|---|---|
| PE | 49x | 28x | 75% above |
| PE % | 86 | 46 | 40 pts above |
KD is trading at 49x earnings, a 75% premium to the Technology sector's median of 28x.
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.
KD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.8 | 24% above |
| 20 week MA | $13.2 | 30% above |
| 50 week MA | $15.4 | 11% above |
| 100 week MA | $24.8 | 31% below |
| 200 week MA | $22.3 | 23% below |
KD 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.
KD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $40.8 | $19.1 | -53% |
| 2022 | $19.1 | $11.0 | -42% |
| 2023 | $11.0 | $20.8 | +88% |
| 2024 | $20.8 | $34.8 | +68% |
| 2025 | $34.8 | $27.2 | -22% |
| 2026 YTD | $27.2 | $17.1 | -37% |
KD has the edge over ASTS on returns for 2026, with the stronger performance.