ASTS Rule of 40
Rule of 40 combines revenue growth and free cash flow margin in one quarterly score.
Rule of 40
2026 Q2
n/m
Not meaningful
Revenue growth context+2626.6%
FCF margin context-2204.2%
Why R40 is not meaningful yet
Revenue growth is measured from a near-zero prior-year base, while capital expenditure is large relative to current revenue. These extreme, opposing percentages do not produce a useful Rule of 40 score.
Quarter context
2025 Q4
Revenue $54.3M (+2731.3% YoY). Capex $395.7M (7.3× revenue); FCF -$330.7M.
2026 Q1
Revenue $14.7M (+1952.2% YoY). Capex $261.6M (17.8× revenue); FCF -$309.7M.
2026 Q2
Revenue $31.5M (+2626.6% YoY). Capex $597.6M (19.0× revenue); FCF -$694.8M.
Other ASTS Charts
More quarter-by-quarter fundamentals for AST SpaceMobile, Inc.
1 / 10
Revenue
EPS
Free Cash Flow
Gross Margin
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
AI Infrastructure Comparison
1 / 3
ORCL · Rule of 40
2026 Q4 · latest
10.9✗ Below 40
Growth +20.6%
FCF -9.8%
45
Q1
-10
Q2
7
Q3
-7
2025
Q4
10
Q1
-48
Q2
-45
Q3
11
2026
Q4
40
0
Mix
DELL · Rule of 40
Q2 FY2027 · latest
59.8✓ Passing
Growth +57.7%
FCF +2.1%
13
Q3
7
FY2025
Q4
15
Q1
25
Q2
13
Q3
51
FY2026
Q4
95
Q1
60
FY2027
Q2
40
0
Mix
GLW · Rule of 40
2026 Q2 · latest
45.4✓ Passing
Growth +16.6%
FCF +28.7%
21
Q3
27
2024
Q4
14
Q1
29
Q2
32
Q3
35
2025
Q4
21
Q1
45
2026
Q2
40
0
Mix
Latest Rule of 40: +0 (2026Q2); +0 pts YoY.