ASTS
AST SpaceMobile, Inc.
ASTS has the edge over TSAT overall, supported by stronger fundamentals and stronger modeled upside.
TSAT
Telesat Corporation
TSAT has 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.
TSAT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Weak |
TSAT's revenue, profitability, cash flow and balance sheet are all currently under pressure.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
TSAT PE Valuation
TSAT 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.
TSAT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong decline | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect TSAT's losses to shrink, with revenue declining.
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 has the edge over TSAT on earnings, with more consistent year-over-year improvement.
TSAT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$17.44 | -$12.21 |
| Q1 2026 | -$8.80 | -$4.32 |
| Q4 2025 | -$7.43 | -$2.95 |
| Q3 2025 | -$7.77 | -574% |
| Q2 2025 | -$5.23 | -826% |
| Q1 2025 | -$4.48 | -166% |
| Q4 2024 | -$4.48 | -156% |
| Q3 2024 | $1.64 | -82% |
TSAT lost $17.44 per share over the past year, a bigger loss than the year before.
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 TSAT 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.
TSAT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $55.9M | -25% |
| Q1 2026 | $61.4M | -25% |
| Q4 2025 | $66.1M | -27% |
| Q3 2025 | $71M | -27% |
| Q2 2025 | $74.6M | -30% |
| Q1 2025 | $82.1M | -23% |
| Q4 2024 | $90M | -23% |
| Q3 2024 | $97.3M | -21% |
TSAT's revenue has slid since its 2019 peak: $56M last quarter, down 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -16% | -33 points |
| Q1 2026 | 3.5% | -23 points |
| Q4 2025 | -381% | -204 points |
| Q3 2025 | 5.9% | -37 points |
| Q2 2025 | 17% | -24 points |
| Q1 2025 | 26% | -17 points |
| Q4 2024 | -178% | -172 points |
| Q3 2024 | 43% | +0.1 points |
TSAT 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.
TSAT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$165.1M | -$118.8M |
| Q1 2026 | -$80.4M | -210% |
| Q4 2025 | -$49.5M | -$36.5M |
| Q3 2025 | -$29.3M | -$16.3M |
| Q2 2025 | -$46.3M | -$31.1M |
| Q1 2025 | $73.2M | +82% |
| Q4 2024 | -$13M | -$10.9M |
| Q3 2024 | -$13M | -$12.5M |
TSAT 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 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 | — |
TSAT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.6% | +240K shares |
| 1 year | -8.1% | -1.3M shares |
| 3 years | +10% | +1.4M shares |
TSAT has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q2 2025 | $1.1M |
| Q1 2025 | $4.8M |
| Q4 2024 | $1.6M |
| 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.
TSAT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2025 | 48.8x | High |
| Q4 2024 | 38.5x | High |
| Q3 2024 | 3.0x | Moderate |
| Q2 2024 | 2.7x | Moderate |
| Q1 2024 | 1.5x | Healthy |
| Q4 2023 | 1.4x | Healthy |
| Q3 2023 | 0.9x | Very low |
| Q2 2023 | 1.5x | Healthy |
TSAT's net debt is more than 20 years of its operating earnings (EBITDA), up from 1.4 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).
TSAT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.8 | Neutral |
| Stochastic | 28.4 | Neutral |
TSAT's weekly RSI is 52 (neutral) and its Stochastic is 28 (neutral).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
TSAT PE vs Technology Sector
| Metric | TSAT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
TSAT 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 fallen below most of its moving averages, though it's still 2.8% above its 200-week average.
TSAT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.6 | 1.7% above |
| 20 week MA | $44.8 | 1.3% above |
| 50 week MA | $41.0 | 11% above |
| 100 week MA | $31.2 | 45% above |
| 200 week MA | $20.8 | 119% above |
TSAT 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.
TSAT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.8 | $21.3 | -35% |
| 2021 | $21.3 | $31.9 | +50% |
| 2022 | $31.9 | $6.92 | -78% |
| 2023 | $6.92 | $10.4 | +51% |
| 2024 | $10.4 | $16.4 | +57% |
| 2025 | $16.4 | $29.2 | +78% |
| 2026 YTD | $29.2 | $45.4 | +56% |
TSAT has the edge over ASTS on returns for 2026, with the stronger performance.