ASTS
AST SpaceMobile, Inc.
ASTS has the edge over UPLD overall, supported by stronger fundamentals and lower modeled downside.
UPLD
Upland Software, Inc.
UPLD offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
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.
UPLD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Stable | |
| Weak |
UPLD's revenue and cash flow are currently stable, but its profitability and balance sheet are under pressure.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
UPLD PE Valuation
UPLD 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.
UPLD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Decline | |
| Stable | |
| Limited | |
| High |
Analysts expect UPLD's earnings and revenue to decline, though with profitability 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.
UPLD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.72 | — |
| Q3 2026 | -$14.00 | +$4.70 |
| Q2 2026 | -$14.23 | +$4.77 |
| Q1 2026 | -$6.80 | +$11.80 |
| Q4 2025 | -$15.60 | +$27.00 |
| Q3 2025 | -$18.70 | +$26.60 |
| Q2 2025 | -$19.00 | +$28.20 |
| Q1 2025 | -$18.60 | +$29.00 |
| Q4 2024 | -$42.60 | +$15.10 |
UPLD 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 UPLD 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.
UPLD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $47.5M | -5.9% |
| Q2 2026 | $49.1M | -7.9% |
| Q1 2026 | $48.7M | -24% |
| Q4 2025 | $49.3M | -28% |
| Q3 2025 | $50.5M | -24% |
| Q2 2025 | $53.4M | -23% |
| Q1 2025 | $63.7M | -10% |
| Q4 2024 | $68M | -5.8% |
UPLD's revenue has slid since its 2022 peak: $48M last quarter, down 5.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +0.6 points |
| Q2 2026 | -60% | -47 points |
| Q1 2026 | 10% | +12 points |
| Q4 2025 | 15% | +17 points |
| Q3 2025 | 11% | +16 points |
| Q2 2025 | -13% | -5.4 points |
| Q1 2025 | -1.6% | +128 points |
| Q4 2024 | -2.9% | +10 points |
UPLD 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.
UPLD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.7M | -60% |
| Q2 2026 | $5.3M | +99% |
| Q1 2026 | $5.5M | -30% |
| Q4 2025 | $7.2M | -20% |
| Q3 2025 | $6.7M | +59% |
| Q2 2025 | $2.7M | -49% |
| Q1 2025 | $7.9M | +60% |
| Q4 2024 | $9M | +4.9% |
UPLD 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 | — |
UPLD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +14.3K shares |
| 1 year | +2.6% | +75.3K shares |
| 3 years | -9.3% | -304K shares |
| 5 years | -2.9% | -89K shares |
| Available history | +28% | +644K shares |
UPLD has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
ASTS Net Leverage
ASTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
UPLD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 15.5x | High |
| Q2 2026 | 14.6x | High |
| Q1 2026 | 5.3x | High |
| Q4 2025 | 6.0x | High |
| Q3 2025 | 6.7x | High |
| Q2 2025 | 7.6x | High |
| Q1 2025 | 6.5x | High |
| Q4 2022 | 27.3x | High |
UPLD's net debt is about 15 years of its operating earnings (EBITDA), up from 6.7 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).
UPLD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.2 | Neutral |
| Stochastic | 24.9 | Neutral |
UPLD's weekly RSI is 36 (neutral) and its Stochastic is 25 (neutral).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
UPLD PE vs Technology Sector
UPLD 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 UPLD on trend strength, trading above more of its moving averages.
UPLD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.62 | 16% below |
| 20 week MA | $4.17 | 27% below |
| 50 week MA | $7.45 | 59% below |
| 100 week MA | $17.2 | 82% below |
| 200 week MA | $26.8 | 89% below |
UPLD is in a downtrend: it's below all five of its weekly moving averages, and 89% 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 UPLD on returns for 2026, with the stronger performance.
UPLD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $362.7 | $466.3 | +29% |
| 2021 | $466.3 | $187.6 | -60% |
| 2022 | $187.6 | $69.8 | -63% |
| 2023 | $69.8 | $42.3 | -39% |
| 2024 | $42.3 | $45.6 | +7.8% |
| 2025 | $45.6 | $15.3 | -66% |
| 2026 YTD | $15.3 | $3.03 | -80% |
UPLD has finished lower in four of the last six years. It's down 80% so far in 2026.