Saturday 17 October 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. In the quarter to June 2026, revenue grew 460.0%, EPS grew 83.8% and free cash flow grew 1.36%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

1.85 0.04 −2.12%

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Market cap: $18.6M
P/E: 0.0×
Fwd P/E: −8.7×
Dividend yield: —
F-score: 5/9
Altman Z: −112.19
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.41

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	—	—	—	—	1	1	—	1	1	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 18.56

Revenue 0.19

Net Income (8.10)

Free Cash Flow (7.35)

Net Debt (14.54)

Current Ratio 6.31

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (8.72)

P/S ratio 92.76

P/B ratio 1.16

Past 5Y EPS Growth —

This Y EPS Growth 70.55%

Next Y EPS Growth 30.77%

Next Y revenue growth 665.66%

Next 5Y EPS Growth 85.21%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 28.60%

10-year low 10-year high

P/B against its own 10 years 34.59%

10-year low 10-year high

EV/Sales against its own 10 years 17.99%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

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%)

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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.27)	(0.19)	—	—	—
’25	(1.13)	(1.17)	(0.62)	(0.40)	(3.09)
’24	(53.00)	(6.76)	(1.37)	50.66	(10.38)
’23	(3.40k)	(1.67k)	(404.00)	3.76k	(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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	1,990,000.00	300,000.00	100,000.00	5,000.00	4,000.00	200,000.00	28,800.00	73.00	2.25	1.10	Analyst estimates 2026–2028 Powerpack
	High	589,000,000.00	7,800,000.00	70,000,000.00	1,850,000.00	1,100,000.00	9,700,000.00	750,000.00	32,500.00	91.00	7.40
People
People	Employees	86	71	22	21	29	54	62	18	20	18
	Revenue/emp, $m	0.02	0.01	0.04	0.03	0.00	0.01	0.02	0.03	0.00	0.00
Income, $m
Income, $m	Revenue	2	1	1	1	0	1	1	0	0	0
	Gross margin, %	(234.43)	(338.31)	(17.79)	23.12	(162.16)	(213.00)	(64.50)	(312.92)	(254.18)	(155.73)
	EBT	(39)	(19)	(16)	(5)	2	(6)	(20)	(17)	(9)	(8)
	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)
	Net income	(39)	(19)	(16)	(5)	2	(6)	(20)	(17)	(9)	(8)
	Depreciation	10	6	6	5	2	2	3	3	1	1
Per share, $
Per share, $	Revenue	0.02	0.11	0.04	0.00	666.00	3,039.00	815.20	45.83	0.05	0.03
	Earnings	(0.42)	(3.15)	(0.69)	0.00	38,612.00	(30,800.00)	(13,200.00)	(3,419.00)	(10.38)	(3.09)
	Cash flow	(0.18)	(2.14)	(0.17)	0.00	(28,849.00)	(47,022.00)	(7,004.40)	(953.69)	(9.54)	(2.70)
	Capex	0.00	0.01	0.00	0.00	2,544.00	(1,401.50)	(121.33)	(387.74)	0.00	(0.01)
	Free cash flow	(0.18)	(2.13)	(0.17)	0.00	(26,305.00)	(48,423.50)	(7,125.73)	(1,341.43)	(9.54)	(2.71)
	Book value	(0.13)	(2.11)	(0.98)	(0.02)	(201,922.00)	(14,168.00)	3,057.00	(152.66)	3.83	1.31
	Shares, m	93	6	23	1,538	0	0	0	0	1	3
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	34.87	0.00	0.00	0.00	0.00	0.00
	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
	P/B	0.00	0.00	0.00	0.00	0.00	0.00	9.22	0.00	0.85	3.15
	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
	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)
Cash, $m
Cash, $m	Operating cash flow	(17)	(13)	(4)	(3)	(3)	(9)	(11)	(10)	(8)	(7)
	Capex	0	0	0	1	0	0	0	(4)	0	0
	Free cash flow	(17)	(13)	(4)	(2)	(3)	(10)	(11)	(13)	(8)	(7)
Balance, $m
Balance, $m	Working capital	(14)	(13)	(23)	(30)	(8)	4	7	(4)	1	1
	Total debt	6	5	5	6	13	8	5	—	—	—
	Net debt	5	5	5	6	13	2	(6)	(1)	(3)	(3)
	Shareholders’ equity	(12)	(12)	(23)	(25)	(20)	(3)	5	(2)	3	3
Returns, %
Returns, %	ROA	(255.89)	(191.38)	(227.89)	(81.64)	24.87	(59.35)	(108.30)	(280.68)	(136.31)	(117.21)
	ROIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	(2,550.52)	(892.71)
	ROE	680.85	127.15	84.76	20.39	(7.14)	52.12	(1,948.73)	(2,291.71)	(988.90)	(235.16)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FTCI FTC Solar, Inc.	$30.3M	— (loss-making)	5.1×	+30.83% (above 0%: growing)	n/m	+428.99% (above 0%: growing)	(8.54%)	(52.48%)	Compare
SPRU Spruce Power Holding Corporation	$28.1M	— (loss-making)	— (loss-making)	−8.75% (below 0%: shrinking)	n/m	−43.41% (below 0%: shrinking)	67.84%	32.21%	Compare
SMXT Solarmax Technology, Inc.	$24.5M	— (loss-making)	—	+48.82% (above 0%: growing)	n/m	−539.19% (below 0%: shrinking)	23.56%	(43.53%)	Compare
SPIEQ SPI Energy Co., Ltd.	$24.2M	— (loss-making)	— (loss-making)	+30.66% (above 0%: growing)	n/m	+270.79% (above 0%: growing)	13.35%	1.72%	Compare
BEEM Beam Global	$21.7M	— (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.	$18.6M	— (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.	$18.2M	— (loss-making)	—	−10.68% (below 0%: shrinking)	n/m	+75.65% (above 0%: growing)	47.15%	(18.49%)	Compare
SUNE SUNation Energy Inc.	$14.1M	— (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	$23.0M	—	—	+6.14%	—	−23.80%	20.70%	(36.99%)

All 26 Solar stocks →

Ascent Solar Technologies Inc. (ASTI) key facts

Strength: Ascent Solar Technologies Inc.’s revenue for fiscal 2025 (year ended December 2025) was $76,800.00, up 83.3% from fiscal 2024.
Ascent Solar Technologies Inc. (ASTI) is a Solar company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, ASTI traded at $1.85, a market capitalization of $18.6 million.
Return on equity was −235.2% and debt-to-equity 0.00.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −112.19 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.