ASTS
AST SpaceMobile, Inc.
ASTS lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to grow, though they disagree widely on how much.
NA
Nano Labs Ltd
There isn't enough reported data to score NA yet.
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.
NA Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| Unavailable | |
| Stable |
NA's profitability is currently healthy, and its balance sheet is stable. There isn't enough data to rate its revenue and cash flow.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
NA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 0.7x | $1.38 | — |
| Cheap | 0.9x | $0.89 | -36% |
| Fair | 1.1x | $1.11 | -19% |
| Expensive | 135x | $138 | +9887% |
Historical ranges are pointers, not guarantees.
NA's PE is 0.7x, 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.
NA Forward outlook
There aren't enough analyst estimates for NA to show an outlook.
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.
NA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $1.02 | +$3.13 |
| Q2 2025 | -$0.90 | +$3.21 |
| Q4 2024 | -$2.11 | +$2.53 |
| Q4 2023 | -$4.64 | -1155% |
| Q4 2022 | $0.44 | +$0.95 |
| Q4 2021 | -$0.51 | -$0.37 |
NA has the edge over ASTS in the latest year-over-year earnings comparison.
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 stronger quarterly revenue trend. Revenue is up 187% for ASTS versus down 28% for NA.
| 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.
NA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $2.8M | +18% |
| Q2 2025 | $1.2M | -67% |
| Q4 2024 | $2.4M | -39% |
| Q2 2024 | $3.7M | -53% |
| Q4 2023 | $3.9M | -97% |
| Q4 2022 | $147.5M | +31029% |
| Q4 2021 | $474K | +205% |
| Q3 2021 | $2M | +1200% |
NA's revenue has slid since its 2022 peak: $3M last quarter, down 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 584% | +1062 points |
| Q2 2025 | -459% | -198 points |
| Q4 2024 | -251% | -253 points |
| Q2 2024 | -237% | +4093 points |
| Q4 2023 | -477% | -419 points |
| Q2 2023 | -261% | -111 points |
| Q4 2022 | 2.1% | +152 points |
| Q4 2021 | -4330% | -3360 points |
NA's operating margin was 584% last quarter, up 1062 points from the same quarter a year ago, near the top of its range since 2020.
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 |
NA has the stronger cash trend. Its trailing FCF is down 126% versus its history, compared with ASTS at down 363%.
NA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$8.5M | +$1.4M |
| Q2 2025 | -$7.7M | +$8.8M |
| Q4 2024 | -$9.9M | +$7.8M |
| Q2 2024 | -$16.5M | +$1.6M |
| Q4 2023 | -$17.8M | +$26.1M |
| Q4 2022 | -$43.9M | -1956% |
| Q4 2021 | $2.4M | +115% |
| Q3 2021 | $2.4M | +115% |
NA has burned cash in most quarters: −$43M over the past year, against −$77M the year before.
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 NA 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 | — |
NA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +20% | +3.3M shares |
| 1 year | +237% | +14M shares |
| 3 years | -50% | -19.8M shares |
NA has 20M diluted shares, up 237% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
ASTS Net Leverage
ASTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
NA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 2.6x | Moderate |
| Q4 2022 | -2.9x | Net Cash |
NA's net debt is about 2.6 years 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).
NA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 7.6 | Oversold |
NA'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.
NA PE vs Technology Sector
| Metric | NA | Sector median | Relative |
|---|---|---|---|
| PE | 0.7x | 28x | 98% below |
| PE % | 0 | 44 | 44 pts below |
NA is trading at 0.7x earnings, a 98% discount to 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 NA on trend strength, trading above more of its moving averages.
NA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.81 | 24% below |
| 20 week MA | $1.93 | 28% below |
| 50 week MA | $2.44 | 43% below |
| 100 week MA | $4.19 | 67% below |
| 200 week MA | $7.77 | 82% below |
NA is in a downtrend: it's below all five of its weekly moving averages, and 82% 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 has the edge over NA on returns for 2026, with the stronger performance.
NA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $68.0 | $10.6 | -84% |
| 2023 | $10.6 | $18.1 | +71% |
| 2024 | $18.1 | $7.75 | -57% |
| 2025 | $7.75 | $3.16 | -59% |
| 2026 YTD | $3.16 | $1.38 | -56% |
NA has finished lower in three of the last four years. It's down 56% so far in 2026.