ASTS
AST SpaceMobile, Inc.
ASTS has the edge over KEEL overall, supported by stronger fundamentals and stronger modeled upside.
KEEL
Keel Infrastructure Corp.
KEEL trails on the overall score without a compensating advantage in the available component scores.
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.
KEEL Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Under pressure | |
| Strong |
KEEL's balance sheet is currently strong, but its revenue, profitability and cash flow are under pressure.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
KEEL PE Valuation
KEEL 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.
KEEL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong decline | |
| -- | |
| Limited | |
| Low |
Analysts expect KEEL's losses to grow, with revenue declining. 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.
KEEL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.71 | -$0.48 |
| Q2 2026 | -$0.75 | -$0.58 |
| Q1 2026 | -$0.69 | -$0.50 |
| Q4 2025 | -$0.52 | -$0.39 |
| Q3 2025 | -$0.23 | +$0.12 |
| Q2 2025 | -$0.17 | +$0.16 |
| Q1 2025 | -$0.19 | +$0.18 |
| Q4 2024 | -$0.13 | +$0.23 |
KEEL 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 has the edge over KEEL 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.
KEEL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $27.6M | -60% |
| Q2 2026 | $30.4M | -61% |
| Q1 2026 | $37M | -45% |
| Q4 2025 | $15.4M | -73% |
| Q3 2025 | $69.2M | +54% |
| Q2 2025 | $77.8M | +87% |
| Q1 2025 | $66.8M | +33% |
| Q4 2024 | $56.2M | +21% |
KEEL's revenue has slid since its 2025 peak: $28M last quarter, down 60% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -28% | +14 points |
| Q2 2026 | -463% | -412 points |
| Q1 2026 | -266% | -218 points |
| Q4 2025 | -316% | -287 points |
| Q3 2025 | -42% | +56 points |
| Q2 2025 | -51% | +5.8 points |
| Q1 2025 | -48% | -1.3 points |
| Q4 2024 | -29% | -1.6 points |
KEEL 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.
KEEL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$56.7M | +$12.5M |
| Q2 2026 | -$96M | -$2.5M |
| Q1 2026 | -$75M | -$8.6M |
| Q4 2025 | -$117.9M | +$111.4M |
| Q3 2025 | -$69.2M | +$55.7M |
| Q2 2025 | -$93.5M | -$27M |
| Q1 2025 | -$66.4M | +$42.8M |
| Q4 2024 | -$229.3M | -$218.7M |
KEEL 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 the edge over KEEL 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 | — |
KEEL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2% | +11.9M shares |
| 1 year | +11% | +60.7M shares |
| 3 years | +125% | +343M shares |
| 5 years | +249% | +440M shares |
| Available history | +769% | +546M shares |
KEEL has 617M diluted shares, up 11% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $2,000 |
| Q3 2025 | $10M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
ASTS Net Leverage
ASTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
KEEL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | -4.6x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -0.7x | Net Cash |
| Q3 2024 | -3.0x | Net Cash |
| Q2 2024 | -4.1x | Net Cash |
| Q1 2024 | -34.7x | Net Cash |
| Q3 2023 | -0.7x | Net Cash |
| Q1 2022 | 0.8x | Very low |
KEEL has more cash than debt.
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).
KEEL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.6 | Neutral |
| Stochastic | 8.2 | Oversold |
KEEL's weekly RSI is 35 (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.
KEEL PE vs Technology Sector
| Metric | KEEL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
KEEL 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 KEEL on trend strength, trading above more of its moving averages.
KEEL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.60 | 25% below |
| 20 week MA | $3.36 | 42% below |
| 50 week MA | $3.27 | 40% below |
| 100 week MA | $2.49 | 22% below |
| 200 week MA | $2.15 | 9.3% below |
KEEL is in a downtrend: it's below all five of its weekly moving averages, and 9.3% 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.
KEEL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.35 | $1.65 | +371% |
| 2021 | $1.65 | $5.80 | +252% |
| 2022 | $5.80 | $0.41 | -93% |
| 2023 | $0.41 | $2.91 | +610% |
| 2024 | $2.91 | $1.63 | -44% |
| 2025 | $1.63 | $2.48 | +52% |
| 2026 YTD | $2.48 | $1.95 | -21% |
KEEL has the edge over ASTS on returns for 2026, with the stronger performance.