Friday 6 November 2026 Export ASTI’s income statement to Excel — free account

Ascent Solar Technologies Inc.

Ascent Solar Technologies Inc.’s revenue for fiscal 2025 (year ended December 2025) was $76,800.00, up 83.3% from fiscal 2024.

Revenue: +460.0%
EPS: +83.8%
Free cash flow: +1.36%

Quarter to June 2026, against a year earlier

Operating cash flow growth 3 yrs

1.45 0.03 −2.03%

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Market cap: $14.5M
P/E: 0.0×
Fwd P/E: −1.7×
Dividend yield: —
F-score: 5/9
Altman Z: −112.19
Beneish M: n/a
Dividend safety: n/a

Overview

Insider Decisions last twelve months

Sold, $m 0.41

Trades a month
	Jan 26			Apr 26			Jul 26			Oct 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	—	—	—	—	1	1	—	1	1	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Size

Market Cap 14.48

Revenue ttm 0.19

Net income ttm (8.10)

Free cash flow ttm (7.35)

Net debt Q (14.54)

Valuation

P/E 0.00

Forward P/E (1.73)

Price / sales 75.71

Forward P/S Powerpack

Price / FCF 0.00

Price / book 0.95

Financial health

Current ratio Q 6.31

Debt / equity Q 0.00

Interest coverage Q (159.47)

Growth

Revenue growth Q +460.00%

Operating income growth Q +6.87%

EPS, this year +70.55%

EPS, next year A +30.77%

Revenue, next year A +676.60%

EPS, past 5 yrs —

EPS, next 5 yrs A +85.21%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 24.46%

10-year low 10-year high

P/B against its own 10 years 19.57%

10-year low 10-year high

EV/Sales against its own 10 years 16.06%

10-year low 10-year high

Dividends

Yield: —
Annual rate: —
Payout ratio: —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1	3	3	15
Receivables	—	—	—	0
Inventory	0	0	1	1
Other	—	—	—	—
	2	4	3	15

	2023	2024	2025	Q'26
Payables	1	0	0	0
ST’ Debt	—	—	—	—
Other	0	0	0	0
	6	2	2	2

Compound Annual Growth %

	10y	5y	3y
Sales	(35.88%)	2.89%	(60.25%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	2.61%	0.00%	(10.05%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.19 Actual −0.19

−4,140,000,555,827.17 −2,970,000,398,745.63 −1,800,000,241,664.09 −630,000,084,582.56 540,000,072,498.98

Q4 FY12 Miss −599,999,905,792.00

Q1 FY13 Miss −1,200,000,335,872.00

Q1 FY26 Miss −0.08

Q2 FY26 Met 0.00

Q3 FY26 — Nov 9

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q4 FY12	−2,200,000,266,240.00	−2,800,000,172,032.00	Miss by 599,999,905,792.00
Q1 FY13	−2,400,000,147,456.00	−3,600,000,483,328.00	Miss by 1,200,000,335,872.00
Q1 FY26	−0.19	−0.27	Miss by 0.08
Q2 FY26	−0.19	−0.19	Met by 0.00
Q3 FY26	−0.21	—	Reports 9 November 2026

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.27)	(0.19)	—	—	—
’25	(1.13)	(1.17)	(0.62)	(0.54)	(3.09)
’24	(53.00)	(6.76)	(1.37)	(0.86)	(10.38)
’23	(3.40k)	(1.67k)	(404.00)	(357.41)	(3.42k)
’22	(4.00k)	(1.60k)	(4.80k)	(3.00k)	(13.20k)
’21	1.14k	(9.23k)	(13.45k)	(9.28k)	(30.80k)
’20	0.00	0.00	0.00	8.69k	8.69k

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	0	0	—	—	—
’25	0	0	0	0	0
’24	0	0	0	0	0
’23	0	0	0	0	0
’22	1	1	0	0	1
’21	0	0	0	0	1
’20	0	0	0	0	0

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2)	(2)	—	—	—
’25	(2)	(2)	(2)	(2)	(7)
’24	(1)	(4)	(2)	(2)	(8)
’23	(5)	(2)	(1)	(2)	(10)
’22	(3)	(3)	(3)	(3)	(11)
’21	(2)	(2)	(2)	(3)	(9)
’20	0	0	(1)	(1)	(3)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2)	(2)	—	—	—
’25	(2)	(2)	(2)	(2)	(7)
’24	(1)	(4)	(2)	(2)	(8)
’23	(5)	(5)	(1)	(2)	(13)
’22	(3)	(3)	(3)	(3)	(11)
’21	(2)	(2)	(2)	(3)	(10)
’20	0	0	(1)	(1)	(3)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM Jun ’26	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
													Ten-year view		Analyst estimates Powerpack
Income, $m
Income, $m	Revenue	2	1	1	1	0	1	1	0	0	0	0		(29.3%)	1	16	38	+690.2%
	Gross margin, %	(234.43)	(338.31)	(17.79)	23.12	(162.16)	(213.00)	(64.50)	(312.92)	(254.18)	(155.73)	(96.13)		+78.7 pt	Powerpack Ascent Solar Technologies Inc.’s next three years, line by line Analysts expect revenue to grow 690.2% a year to 2028 — faster than the −29.3% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	(39)	(19)	(16)	(5)	2	(6)	(20)	(17)	(9)	(8)	(8)		(16.3%)
	EBT margin, %	(2,223.35)	(2,890.08)	(1,859.52)	(762.58)	2,428.53	(987.17)	(1,613.29)	(3,724.57)	(21,784.25)	(10,197.79)	(4,234.52)		(7,974.4) pt
	Net income	(39)	(19)	(16)	(5)	2	(6)	(20)	(17)	(9)	(8)	(8)		(16.3%)
Per share, $
Per share, $	Revenue	0.02	0.11	0.04	0.00	944.45	3,039.00	815.20	44.71	0.05	0.03	0.02		+5.3%
	Earnings	(0.42)	(3.15)	(0.69)	0.00	23,000.00	(30,800.00)	(13,200.00)	(3,419.00)	(10.38)	(3.09)	(1.62)		+24.9%
	Cash flow	(0.18)	(2.14)	(0.17)	0.00	(40,910.47)	(47,022.00)	(7,004.40)	(930.34)	(9.54)	(2.70)	(0.77)		+35.0%
	Capex	0.00	0.01	0.00	0.00	3,607.62	(1,401.50)	(121.33)	(378.25)	0.00	(0.01)	0.00		+24.8%
	Free cash flow	(0.18)	(2.13)	(0.17)	0.00	(37,302.85)	(48,423.50)	(7,125.73)	(1,308.58)	(9.54)	(2.71)	(0.77)		+34.9%
	Book value	(0.13)	(2.11)	(0.98)	(0.02)	(286,343.51)	(14,168.00)	3,057.00	(148.92)	3.83	1.31	1.59		n/m
	Shares, m	93	6	23	1,538	0	0	0	0	1	3	6		(32.9%)
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	34.87	0.00	0.00	0.00	0.00	0.00	0.00		3.5
	P/S	175,651,862.87	8,244,627.84	39,742,393.32	24,082,129.99	1,199.40	82.26	34.59	1.86	68.91	136.96	75.71		24,772,253.8
	P/B	0.00	0.00	0.00	0.00	0.00	0.00	9.22	0.00	0.85	3.15	0.95		1.3
	EV/Sales	175,651,865.96	8,244,636.21	39,742,399.54	24,082,147.06	1,491.03	96.27	34.74	26.89	291.98	263.83	65.14		24,772,325.3
	EV/FCF	(18,039,056.39)	(423,001.15)	(8,516,087.40)	(8,144,738.01)	(37.81)	(6.05)	(3.97)	(0.92)	(1.45)	(2.91)	(1.68)		(3,512,293.6)
Cash, $m
Cash, $m	Operating cash flow	(17)	(13)	(4)	(3)	(3)	(9)	(11)	(10)	(8)	(7)	(7)		(9.4%)
	Capex	0	0	0	1	0	0	0	(4)	0	0	0		(16.3%)
	Free cash flow	(17)	(13)	(4)	(2)	(3)	(10)	(11)	(13)	(8)	(7)	(7)		(9.5%)
Balance, $m
Balance, $m	Working capital	(14)	(13)	(23)	(30)	(8)	4	7	(4)	1	1	13		n/m
	Net debt	5	5	5	6	13	2	(6)	(1)	(3)	(3)	(15)		n/m
	Shareholders’ equity	(12)	(12)	(23)	(25)	(20)	(3)	5	(2)	3	3	15		n/m
Returns, %
Returns, %	ROA	(255.89)	(191.38)	(227.89)	(81.64)	24.87	(59.35)	(108.30)	(280.68)	(136.31)	(117.21)	(65.09)		+138.7 pt
	ROIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	(2,550.52)	(892.71)	(704.24)		(892.7) pt
	ROE	680.85	127.15	84.76	20.39	(7.14)	52.12	(1,948.73)	(2,291.71)	(988.90)	(235.16)	(86.62)		(916.0) pt
People
People	Employees	86	71	22	21	29	54	62	18	20	18	—		(16.0%)
	Revenue/emp, $m	0.02	0.01	0.04	0.03	0.00	0.01	0.02	0.03	0.00	0.00	—		(15.9%)

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PN PN Smart Energy Limited	$35.1M	—	—	—	—	—	—	—	Compare
SPRU Spruce Power Holding Corporation	$24.5M	— (loss-making)	— (loss-making)	−8.75% (below 0%: shrinking)	n/m	−43.41% (below 0%: shrinking)	67.84%	32.21%	Compare
FTCI FTC Solar, Inc.	$23.4M	— (loss-making)	— (loss-making)	+26.06% (above 0%: growing)	n/m	+136.87% (above 0%: growing)	5.79%	(26.03%)	Compare
SMXT Solarmax Technology, Inc.	$18.0M	— (loss-making)	—	+48.82% (above 0%: growing)	n/m	−539.19% (below 0%: shrinking)	23.56%	(43.53%)	Compare
BEEM Beam Global	$16.2M	— (loss-making)	— (loss-making)	+21.02% (above 0%: growing)	n/m	−141.34% (below 0%: shrinking)	17.83%	(34.99%)	Compare
ASTI Ascent Solar Technologies Inc.	$14.5M	— (loss-making)	— (loss-making)	+460.00% (above 0%: growing)	n/m	+1.36% (above 0%: growing)	(68.91%)	(2,043.59%)
ZEO Zeo Energy Corp.	$14.2M	— (loss-making)	—	−10.68% (below 0%: shrinking)	n/m	+75.65% (above 0%: growing)	47.15%	(18.49%)	Compare
SUNE SUNation Energy Inc.	$13.0M	— (loss-making)	— (loss-making)	−37.52% (below 0%: shrinking)	n/m	−692.81% (below 0%: shrinking)	26.09%	(39.00%)	Compare
MAXNQ Maxeon Solar Technologies, Ltd.	$12.9M	— (loss-making)	— (loss-making)	−78.66% (below 0%: shrinking)	n/m	−4.20% (below 0%: shrinking)	(97.63%)	(228.07%)	Compare
Median of peers	$17.1M	—	—	−8.75%	—	−43.41%	23.56%	(34.99%)

All 24 Solar stocks →

Pay and ownership Proxy statement filed 27 April 2026

Ownership

Directors and executive officers, together 4.05%

Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Ascent Solar Technologies Inc. (ASTI) Latest News

28 Oct

Impact 4 · 8:30 AM · GlobeNewswire

Ascent Solar Technologies Co-Hosts Executive Networking Event to Strengthen Industry Relationships with Space Innovators

20 Oct

Impact 4 · 8:30 AM · GlobeNewswire

Ascent Solar Technologies Establishes Partnership with Darley Defense to Expand Thin-Film Solar Product Access Across Defense and Government Markets

9 Sep

Impact 3 · 8:00 AM

Ascent Solar Technologies Expands Commercial and Defense Industry Expertise with Strategic Leadership Appointments

18 Aug

Impact 3 · 7:00 AM

Ascent Solar Technologies Broadens Thin-Film Space PV Testing Program to Expand on NASA’s Results as Demand Grows for Multi-Orbit Solar Solutions

5 Aug

Impact 3 · 7:00 AM

Ascent Solar Technologies Meets Growing Drone Market Demand; Reinforces Primary Space Industry Focus

29 Jun

Impact 3 · 8:00 AM

Ascent Solar’s Thin-Film Space Solar Products Experience Zero Damage in Atomic Oxygen Exposure Test Campaign

25 Feb

Impact 4 · 4:39 PM

CORRECTED VERSION: Ascent Solar Technologies’ PV Blankets to Power NOVI AI Geo-Intelligence Spacecraft, N1-ATLAS, Scheduled for Launch This Spring

Impact 4 · 8:30 AM · GlobeNewswire

Ascent Solar Technologies’ PV Blankets to Power NOVI AI Pathfinder Spacecraft Scheduled for Launch This Spring

5 Feb

Impact 4 · 8:00 AM · GlobeNewswire

Ascent Solar Technologies Spurs Development of CIGS PV Modules Capable of Generating Multiple Times More Power for Space Beaming

27 Jan

Impact 3 · 4:01 PM · GlobeNewswire

Ascent Solar Technologies Announces Closing of up to $25 Million Private Placement Priced At-The-Market Under Nasdaq Rules

Impact 3 · 8:16 AM · TipRanksGuruFocus.comInsider MonkeySimply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

Ascent Solar prices 1.8M shares at $5.50 in private placement

26 Jan

Impact 3 · 8:00 AM · GlobeNewswireMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresGuruFocus.comMT Newswires

Ascent Solar Technologies Announces up to $25 Million Private Placement Priced At-The-Market Under Nasdaq Rules

22 Jan

Impact 4 · 8:00 AM · GlobeNewswire

Ascent Solar Technologies Reflects On 2025 Achievements and Milestones; Outlines 2026 Strategy and Goals

8 Dec

Impact 3 · 4:00 PM · GlobeNewswire

Ascent Solar Technologies Announces Closing of Up to $5.5 Million Private Placement Priced At-The-Market Under Nasdaq Rules

Impact 3 · 8:00 AM · GlobeNewswireMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT Newswires

Ascent Solar Technologies Announces Up To $5.5 Million Private Placement Priced At-The-Market Under Nasdaq Rules

3 Dec

Impact 4 · 8:00 AM · GlobeNewswire

Ascent Solar Technologies Provides Leading Space Company with Thin-Film PV modules for Spacecraft Power Generation Testing in Cislunar Space

12 Nov

Impact 4 · 8:30 AM · GlobeNewswire

Ascent Solar Technologies and NovaSpark Energy Enter Teaming Agreement to Bring Lightweight, Reliable Power Solutions for Drone Powering and Other Terrestrial Defense Applications

6 Nov

Impact 4 · 8:00 AM · GlobeNewswire

Ascent Solar Technologies and CisLunar Industries Enter Teaming Agreement to Bring Power Solutions that Lengthen Missions to U.S. Space Market

14 Oct

Impact 4 · 8:00 AM · GlobeNewswire

Ascent Solar Technologies Delivers Thin-Film PV for Saltwater Environment Durability and Space-Based Power Beaming Testing

17 Sep

Impact 4 · 10:05 AM · Benzinga

Ascent Solar Partners With Defiant Space To Strengthen Role In National Security

Impact 4 · 8:00 AM · GlobeNewswireGlobeNewswireGlobeNewswireCNW GroupPR Newswire

Ascent Solar and Defiant Space Announce Strategic Partnership to Advance Global Defense and Space Market Opportunities

16 Sep

Impact 4 · 8:00 AM · GlobeNewswire

Ascent Solar Enters Teaming Agreement with Emtel Energy USA to Advance Thin-Film PV Energy Storage Capabilities

28 Aug

Impact 4 · 8:00 AM · GlobeNewswire

Ascent Solar Technologies Signs MOU with Star Catcher Industries to Improve Power Capabilities for Thin-Film Solar Technology in Space

7 Aug

Impact 4 · 8:00 AM · GlobeNewswire

Ascent Solar Technologies Establishes Rapid Thin-Film PV Delivery Process to Provide Customized Space Solar Products Ahead of Schedule on Mission Enabling Timelines

6 Aug

Impact 4 · 8:00 AM · GlobeNewswire

Ascent Solar Technologies Provides Corporate Update Detailing Customer Pipeline and Sales Progress in Space and Aerospace Industries

16 Jul

Impact 4 · 8:00 AM · GlobeNewswire

Ascent Solar Technologies to Deliver Thin-Film Solar Technology to a Colorado-based Space Solar Array Provider for Product Evaluation

8 Jul

Impact 4 · 8:00 AM · GlobeNewswire

Ascent Solar Technologies Reflects on H1 2025 Achievements and Milestones, Looks Ahead to Executing Upon H2 2025 Strategy

30 Jun

Impact 3 · 5:00 PM · GlobeNewswire

Ascent Solar Technologies, Inc. Announces Closing of $2.0 Million Public Offering

28 Jun

Impact 4 · 9:10 AM · TipRanks

Ascent Solar enters teaming agreement with US-based defense solutions provider

27 Jun

Impact 3 · 2:15 PM · GlobeNewswire

Ascent Solar Technologies, Inc. Announces Pricing of $2.0 Million Public Offering

Insider Decisions last twelve months

Capital & Financial Ratios $m

Valuation vs history

Dividends

Assets vs Liabilities $m

Compound Annual Growth %

Earnings Trends EPS, adjusted, against the consensus

EPS $

Revenue $m

Operating Cash Flow $m

Free Cash Flow $m

Target Price Range

Recommendation Rating

Ten years at a glance Fiscal years to December

Ascent Solar Technologies Inc. vs peers in Solar (Q) = latest quarter vs a year earlier

Pay and ownership Proxy statement filed 27 April 2026

Ownership

Ascent Solar Technologies Inc. (ASTI) Latest News

28 Oct

20 Oct

9 Sep

18 Aug

5 Aug

29 Jun

25 Feb

5 Feb

27 Jan

26 Jan

22 Jan

8 Dec

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12 Nov

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