AST SpaceMobile debt and dilution50

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$2,971.916M

Cash & equivalents

USD millions

$2,288.253M

Net debt

USD millions

$683.663M

Debt / equity

1.24×

Debt / assets

50.76%

Net debt / EBITDA

× · TTM

—

Trailing EBITDA is zero or negative, so this ratio is undefined.

Debt / FCF

× · TTM

—

Trailing free cash flow is zero or negative, so this ratio is undefined.

Interest coverage

× · TTM

-8.98×

Current ratio

13.05×

Diluted shares

Million shares

299.06M shares

Basic shares

Million shares

299.06M shares

Share count growth

23.59%

Share repurchases

USD millions

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Quarterly data

AST SpaceMobile capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	2,971.92	2,288.25	683.66	1.24×	50.76%	—	—	-8.98×	13.05×	299.06	299.06	23.59%	—
FY 2026 Q1	Mar 31, 2026	2,971.53	3,029.59	-58.06	1.12×	49.11%	—	—	-7.67×	18.47×	290.69	290.69	29.79%	—
FY 2025 Q4	Dec 31, 2025	2,219.58	2,335.68	-116.1	0.93×	44.26%	—	—	-9.05×	16.35×	284.15	284.15	42.63%	—
FY 2025 Q3	Sep 30, 2025	706.58	1,204.28	-497.71	0.43×	27.7%	—	—	-13.64×	9.56×	272.83	272.83	75.29%	—
FY 2025 Q2	Jun 30, 2025	490.15	923.65	-433.5	0.42×	26.05%	—	—	-13.13×	8.23×	241.99	241.99	71.4%	—
FY 2025 Q1	Mar 31, 2025	465.9	873.78	-407.88	0.61×	34.02%	—	—	-13.17×	10.62×	223.97	223.97	—	—
FY 2024 Q4	Dec 31, 2024	158.49	564.99	-406.5	0.24×	16.6%	—	—	-12.98×	7.9×	199.22	199.22	—	—
FY 2024 Q3	Sep 30, 2024	200.89	516.39	-315.5	0.4×	24.45%	—	—	-13.84×	5.8×	155.64	155.64	—	—
FY 2024 Q2	Jun 30, 2024	199.8	285.09	-85.28	0.83×	34.47%	—	—	-17.4×	6.38×	141.19	141.19	—	—
FY 2024 Q1	Mar 31, 2024	161.08	209.97	-48.89	0.56×	32.11%	—	—	-26.23×	7.51×	—	—	—	—
FY 2023 Q4	Dec 31, 2023	59.5	85.62	-26.12	0.28×	16.49%	—	—	-49.41×	2.31×	—	—	—	—
FY 2023 Q3	Sep 30, 2023	58.79	133.31	-74.53	0.2×	14.62%	—	—	—	6.06×	—	—	—	—
FY 2023 Q2	Jun 30, 2023	4.88	190.84	-185.96	0.01×	1.19%	—	—	—	7.22×	—	—	—	—
FY 2023 Q1	Mar 31, 2023	4.94	185.04	-180.1	0.02×	1.23%	—	—	—	6.39×	—	—	—	—
FY 2022 Q4	Dec 31, 2022	5	238.59	-233.59	0.01×	1.14%	—	—	-728.82×	9.65×	—	—	—	—
FY 2022 Q3	Sep 30, 2022	5	198.87	-193.87	0.02×	1.29%	—	—	—	10.63×	53.23	53.23	2.91%	—
FY 2022 Q2	Jun 30, 2022	5	202.37	-197.37	0.02×	1.3%	—	—	—	10.5×	51.87	51.87	0.27%	—
FY 2022 Q1	Mar 31, 2022	5	253.73	-248.73	0.02×	1.21%	—	—	—	11.91×	—	—	—	—
FY 2021 Q4	Dec 31, 2021	5	321.79	-316.79	0.01×	1.13%	—	—	—	15.71×	—	—	—	—
FY 2021 Q3	Sep 30, 2021	—	360.39	—	—	—	—	—	—	24.1×	51.84	51.73	—	—
FY 2021 Q2	Jun 30, 2021	—	402.61	—	—	—	—	—	—	26.57×	51.73	51.73	—	—
FY 2021 Q1	Mar 31, 2021	—	50.05	—	—	—	—	—	—	26.99×	—	—	—	—
FY 2020 Q4	Dec 31, 2020	—	0.13	—	—	—	—	—	—	0.33×	—	—	—	—
FY 2020 Q3	Sep 30, 2020	—	0.36	—	—	—	—	—	—	1.64×	—	—	—	—
FY 2020 Q2	Jun 30, 2020	—	0.4	—	—	—	—	—	—	2.43×	—	—	—	—
FY 2020 Q1	Mar 31, 2020	—	0.52	—	—	—	—	—	—	1.57×	—	—	—	—
FY 2019 Q3	Sep 30, 2019	—	0.71	—	—	—	—	—	—	12.92×	—	—	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · ASTS, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.