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Financials · ASTI

Ascent Solar Technologies Inc. (ASTI) financials

For the twelve months ended Sep 30, 2026, Ascent Solar Technologies Inc. reported $338.2K of revenue and -$8.99M of net income.

Revenue, TTM
$338.2K
Revenue growth, YoY
+453.1%
Net income, TTM
-$8.99M
Net margin
-2659.4%
Free cash flow, TTM
-$7.16M
Cash
$12.99M
P/S
42.09
Market cap
$14.2M
Annual revenue$76.8K
FY2016FY2025
Annual net income-$7.83M
FY2016FY2025
Annual free cash flow-$6.94M
FY2016FY2025

ASTI revenue and earnings growth

ASTI revenueQ3 2026$175.4K

Quarter YoY
+514.3%
QoQ
+84.2%
FY YoY
+83.3%
5Y CAGR
+2.9%
10Y CAGR
-35.9%

ASTI revenue was $175.4K in fiscal Q3 2026 (ended Sep 30, 2026), up 514.3% from a year earlier and up 84.2% from the prior quarter. For the full fiscal 2025 it was $76.8K, up 83.3% from fiscal 2024. Compound annual growth was +2.9% over 5 years and -35.9% over 10 years. It rose in 4 of the last 10 fiscal years.

ASTI net incomeQ3 2026-$2.92M

ASTI net income was -$2.92M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$2.02M a year earlier. For the full fiscal 2025 it was -$7.83M, compared with -$9.13M in fiscal 2024.

ASTI EPSQ3 2026-$0.30

ASTI diluted EPS was -$0.30 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was -$3.09.

ASTI free cash flowQ3 2026-$1.55M

ASTI free cash flow was -$1.55M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$1.77M a year earlier. For the full fiscal 2025 it was -$6.94M, compared with -$8.42M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$76.8K$41.9K$458.3K$1.22M$607.8K$66.6K$638.4K$862.4K$642.2K$1.75M
Research and development$2.44M$2.30M$3.22M$5.98M$4.14M$1.17M$1.31M$2.79M$4.82M$6.63M
Selling, general and admin$4.10M$4.51M$5.36M$4.74M$3.30M$1.03M$1.85M$3.24M$5.60M$10.30M
Operating income-$7.87M-$8.54M-$15.64M-$17.06M-$8.79M-$2.45M-$3.25M-$6.57M-$14.15M-$24.63M
Income tax$0---------
Net income-$7.83M-$9.13M-$17.07M-$19.75M-$6.00M$1.62M-$4.87M-$16.04M-$18.56M-$38.85M
EPS, basic-$3.09-$10.38-$3419.00-$13200.00-$30800.00$23000.00-$60.00-$13800.00-$63000.00-$8360.00
EPS, diluted-$3.09-$10.38-$3419.00-$13200.00-$30800.00$6400.00-$60.00-$13800.00-$63000.00-$8360.00
Diluted shares2.6M882,54710,2511,490.16194.701186.05676,882.1881,157.88294.1694,650.253

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$2.79M$3.17M$1.05M$11.48M$5.96M$167.7K-$18.2K$89.6K$130.9K
Receivables$0$0$0$1.8K$49.3K$5.5K$0$165.2K$6.7K$549.2K
Inventory$543.6K$453.1K$447.5K$615.3K$592.2K$534.4K$533.9K$660.8K$1.04M$2.57M
Current assets$3.38M$3.71M$1.54M$12.44M$6.85M$779.3K$585.5K$982.5K$1.63M$4.23M
Total assets$6.33M$7.15M$6.30M$18.68M$12.85M$7.37M$5.63M$6.29M$7.78M$11.61M
Current liabilities$2.21M$2.28M$5.76M$4.97M$3.05M$9.15M$30.71M$23.87M$15.00M$18.10M
Short-term debt--$406.7K$14.89M---$349.1K$343.4K$243.1K
Long-term debt---$5.27M$8.08M$7.81M-$5.03M$5.12M$5.28M
Total debt---$20.16M$8.08M$7.81M$5.89M$5.38M$5.46M$5.52M
Total liabilities$2.99M$3.77M$7.83M$14.09M$15.68M$27.56M$30.74M$28.93M$20.17M-
Shareholders' equity$3.34M$3.38M-$1.53M$899.3K-$2.83M-$20.19M-$25.11M-$22.64M-$15.20M-$13.99M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$6.90M-$8.42M-$9.54M-$10.51M-$9.40M-$2.88M-$2.72M-$4.02M-$12.60M-$16.86M
Capital expenditures$32.0K$421$3.86M$169.4K$280.3K-$6.4K$0$6.4K$51.7K
Free cash flow-$6.94M-$8.42M-$13.39M-$10.68M-$9.68M--$2.72M-$4.02M-$12.60M-$16.91M
Investing cash flow-$107.0K-$421-$3.88M-$265.5K-$301.5K$254.4K$827.5K-$2.4K$80.9K-$158.4K
Financing cash flow$6.63M$10.55M$2.96M$16.29M$15.50M$2.80M$1.87M$3.95M$12.48M$16.82M
Stock-based compensation$1.13M$1.01M$2.24M$5.48M--$20.8K$29.3K$123.3K$888.3K
Depreciation and amortization$79.7K$74.1K$95.2K$75.6K$57.3K$151.7K$242.8K$381.1K$1.20M$3.60M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY83.3%-90.9%-62.5%101.2%812.4%-89.6%-26.0%34.3%-63.2%-73.3%
Operating margin-10256.7%-20378.5%-3413.6%-1394.8%-1446.3%-3684.8%-509.6%-761.8%-2203.1%-1409.5%
Net margin-10202.5%-21794.3%-3724.9%-1615.5%-987.2%2428.1%-762.6%-1859.5%-2890.2%-2223.4%
Free cash flow margin-9034.4%-20108.3%-2922.9%-873.1%-1593.5%--426.4%-465.7%-1962.7%-967.6%
Return on equity-234.7%-270.1%--2196.7%------
Return on assets-123.7%-127.8%-271.0%-105.8%-46.7%21.9%-86.4%-254.9%-238.5%-334.5%
Current ratio1.531.630.272.502.250.090.020.040.110.23
Debt to equity---22.42------

Source: XBRL data Ascent Solar Technologies Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported Nov 12, 2014; 1-for-20, first reported Aug 15, 2016; 1-for-200, first reported Nov 14, 2023; 1-for-100, first reported Nov 14, 2024.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ASTI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ASTI$338.2K+453.1%-$8.99M-2659.4%$14.2M
NVDA$302.97B+83.4%$192.88B63.7%$4.50T
TSMNT$3.81T+31.6%NT$1.70T44.6%$1.95T
AVGO$89.10B+48.7%$38.27B42.9%$1.40T
MU$133.19B+256.3%$84.97B63.8%$780.68B
AMD$45.44B+41.9%$7.62B16.8%$736.46B
INTC$59.89B+12.1%-$12.03B-20.1%$299.10B
AMAT$30.84B+7.8%$9.27B30.1%$264.05B

ASTI FAQ

7 questions
  • What is ASTI revenue?
    Ascent Solar Technologies Inc. (ASTI) reported $338.2K of revenue for the twelve months ended Sep 30, 2026. That is up 453.1% from the year before. Revenue for fiscal 2025 was $76.8K.
  • Is ASTI profitable?
    No. Ascent Solar Technologies Inc. reported a net loss of $8.99M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does ASTI have?
    Ascent Solar Technologies Inc. reported $12.99M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is ASTI revenue growing?
    Ascent Solar Technologies Inc.'s revenue changed +83.3% in fiscal 2025, to $76.8K. Its compound annual growth rate was +2.9% over 5 years and -35.9% over 10 years.
  • What is ASTI free cash flow?
    Ascent Solar Technologies Inc. generated -$7.16M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$7.16M less capital expenditures.
  • When did ASTI last report financial results?
    The latest statements here come from Ascent Solar Technologies Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this ASTI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ascent Solar Technologies Inc. files with the SEC. It is provided for information only and is not investment advice.