ASTS
AST SpaceMobile, Inc.
ASTS offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
SONO
Sonos, Inc.
SONO has the edge over ASTS overall, supported by lower modeled downside and stronger fundamentals.
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.
SONO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
SONO's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
SONO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 21x | $9.83 | -46% |
| Current | 25x | $18.11 | — |
| Fair | 34x | $15.43 | -15% |
| Expensive | 148x | $67.98 | +275% |
Historical ranges are pointers, not guarantees.
SONO's PE is 25x, 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.
SONO Forward outlook
There aren't enough analyst estimates for SONO 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.
SONO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.46 | +$1.09 |
| Q1 2026 | $0.18 | +$0.75 |
| Q4 2025 | -$0.16 | +$0.39 |
| Q3 2025 | -$0.51 | -$0.20 |
| Q2 2025 | -$0.63 | -$0.49 |
| Q1 2025 | -$0.57 | -$0.22 |
| Q4 2024 | -$0.55 | -$0.52 |
| Q3 2024 | -$0.31 | -$0.21 |
SONO 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 SONO 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.
SONO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $375.3M | +8.8% |
| Q1 2026 | $281.5M | +8.4% |
| Q4 2025 | $545.7M | -0.9% |
| Q3 2025 | $287.9M | +13% |
| Q2 2025 | $344.8M | -13% |
| Q1 2025 | $259.8M | +2.8% |
| Q4 2024 | $550.9M | -10% |
| Q3 2024 | $255.4M | -16% |
SONO's revenue is recovering but still below its 2022 peak: $375M last quarter, up 8.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 8.4% | +9.3 points |
| Q1 2026 | -11% | +12 points |
| Q4 2025 | 18% | +9.7 points |
| Q3 2025 | -12% | +15 points |
| Q2 2025 | -0.8% | -4 points |
| Q1 2025 | -24% | +4.5 points |
| Q4 2024 | 8.7% | -4.3 points |
| Q3 2024 | -27% | -18 points |
SONO 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.
SONO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $40.3M | +23% |
| Q1 2026 | -$70.2M | -$4.9M |
| Q4 2025 | $157.3M | +10% |
| Q3 2025 | -$2.3M | +$51.2M |
| Q2 2025 | $32.7M | -19% |
| Q1 2025 | -$65.2M | +$56.2M |
| Q4 2024 | $143.1M | -47% |
| Q3 2024 | -$53.5M | -546% |
SONO 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 | — |
SONO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +773K shares |
| 1 year | +0.5% | +559K shares |
| 3 years | -5.7% | -7.3M shares |
| 5 years | -16% | -23.2M shares |
| Available history | +17% | +17.2M shares |
SONO has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $30.2M |
| Q1 2026 | $40.1M |
| Q4 2025 | $25M |
| Q3 2025 | $20.4M |
| Q2 2025 | — |
| Q1 2025 | $33.4M |
| Q4 2024 | $27.2M |
| Q3 2024 | $279,000 |
SONO spent $116M buying back its own shares over the past year, up 90% from the year before.
ASTS Net Leverage
ASTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SONO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -1.8x | Net Cash |
| Q1 2026 | -2.3x | Net Cash |
| Q4 2025 | -5.2x | Net Cash |
| Q3 2025 | -14.7x | Net Cash |
| Q3 2024 | -39.2x | Net Cash |
| Q2 2024 | -5.4x | Net Cash |
| Q1 2024 | -29.4x | Net Cash |
| Q4 2023 | -20.7x | Net Cash |
SONO 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).
SONO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.6 | Neutral |
| Stochastic | 58.7 | Neutral |
SONO's weekly RSI is 62 (neutral) and its Stochastic is 59 (neutral).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
SONO PE vs Technology Sector
| Metric | SONO | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 28x | 9.7% below |
| PE % | 33 | 35 | 2 pts below |
SONO is trading at 25x earnings, in line with 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 fallen below most of its moving averages, though it's still 2.8% above its 200-week average.
SONO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $17.3 | 4.4% above |
| 20 week MA | $16.0 | 13% above |
| 50 week MA | $15.6 | 16% above |
| 100 week MA | $14.3 | 27% above |
| 200 week MA | $14.9 | 21% above |
SONO 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.
SONO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.0 | $24.4 | +63% |
| 2021 | $24.4 | $29.9 | +22% |
| 2022 | $29.9 | $17.0 | -43% |
| 2023 | $17.0 | $17.1 | +0.8% |
| 2024 | $17.1 | $15.0 | -12% |
| 2025 | $15.0 | $18.1 | +20% |
| 2026 YTD | $18.1 | $18.1 | +0.2% |
SONO has the edge over ASTS on returns for 2026, with the stronger performance.