What is Ascent Solar Tec's earnings per share (EPS)?

Ascent Solar Tec (ASTI) reported diluted earnings per share of $-3.09 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ascent Solar Tec Financials

ASTI

Source SEC Filings (10-K/10-Q) Updated Mar 20, 2026 Currency USD FYE March

This page shows Ascent Solar Tec (ASTI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 20 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Low Quality

0.88x

For every $1 of reported earnings, Ascent Solar Tec generates $0.88 in operating cash flow (-$6.9M OCF vs -$7.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-14.7x

Ascent Solar Tec earns $-14.7 in operating income for every $1 of interest expense (-$7.9M vs $536K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$77K

YoY+83.3%

5Y CAGR+2.9%

10Y CAGR-35.9%

Ascent Solar Tec generated $77K in revenue in fiscal year 2025. This represents an increase of 83.3% from the prior year.

EBITDA

-$7.8M

YoY+7.9%

Ascent Solar Tec's EBITDA was -$7.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.9% from the prior year.

Net Income

-$7.8M

YoY+14.2%

Ascent Solar Tec reported -$7.8M in net income in fiscal year 2025. This represents an increase of 14.2% from the prior year.

EPS (Diluted)

$-3.09

Ascent Solar Tec earned $-3.09 per diluted share (EPS) in fiscal year 2025. This represents an increase of 70.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$6.9M

YoY+17.7%

Ascent Solar Tec generated -$6.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 17.7% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

Ascent Solar Tec had 9M shares outstanding in fiscal year 2025. This represents an increase of 550.3% from the prior year.

Margins & Returns

Gross Margin

-155.7%

YoY+98.4pp

5Y CAGR+6.4pp

Ascent Solar Tec's gross margin was -155.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 98.4 percentage points from the prior year.

Operating Margin

-10256.7%

YoY+10121.8pp

5Y CAGR-6571.9pp

10Y CAGR-9832.3pp

Ascent Solar Tec's operating margin was -10256.7% in fiscal year 2025, reflecting core business profitability. This is up 10121.8 percentage points from the prior year.

Net Margin

-10202.5%

YoY+11591.8pp

5Y CAGR-12630.6pp

10Y CAGR-9501.9pp

Ascent Solar Tec's net profit margin was -10202.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 11591.8 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$2.4M

YoY+6.2%

5Y CAGR+16.0%

10Y CAGR-9.6%

Ascent Solar Tec invested $2.4M in research and development in fiscal year 2025. This represents an increase of 6.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$32K

YoY+7504.5%

10Y CAGR+0.9%

Ascent Solar Tec invested $32K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 7504.5% from the prior year.

ASTI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$77K+83.3%	$42K-90.9%	$458K-62.5%	$1.2M+101.2%	$608K+812.4%	$67K
Cost of Revenue	$196K+32.3%	$148K-92.2%	$1.9M-5.9%	$2.0M+5.7%	$1.9M+989.7%	$175K
Gross Profit	-$120K-12.3%	-$106K+92.6%	-$1.4M-81.8%	-$789K+39.1%	-$1.3M-1099.0%	-$108K
R&D Expenses	$2.4M+6.2%	$2.3M-28.6%	$3.2M-46.1%	$6.0M+44.3%	$4.1M+255.3%	$1.2M
SG&A Expenses	$4.1M-9.1%	$4.5M-16.0%	$5.4M+13.3%	$4.7M+43.6%	$3.3M+220.3%	$1.0M
Operating Income	-$7.9M+7.8%	-$8.5M+45.4%	-$15.6M+8.3%	-$17.1M-94.0%	-$8.8M-258.1%	-$2.5M
Interest Expense	$536K	N/A	N/A	N/A	$476K+8.6%	$438K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$7.8M+14.2%	-$9.1M+46.5%	-$17.1M+13.6%	-$19.8M-229.2%	-$6.0M-471.0%	$1.6M
EPS (Diluted)	$-3.09	$-10.38+99.7%	$-3419.00-2490.2%	$-132.00	$-1.54-581.3%	$0.32

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$29K+68.3%	$17K+8.6%	$16K	$0-100.0%	$9K-69.2%	$28K+395.4%	$6K+101.4%	$3K
Cost of Revenue	$89K+211.1%	$29K+18.6%	$24K+3510.0%	$668-99.1%	$77K+24.8%	$62K+555.3%	$9K-86.9%	$72K
Gross Profit	-$60K-418.9%	-$12K-37.2%	-$8K-1171.1%	-$668+99.0%	-$68K-102.0%	-$34K-791.8%	-$4K+94.5%	-$69K
R&D Expenses	$621K-0.4%	$623K+11.5%	$559K-4.4%	$584K-3.2%	$604K+19.3%	$506K-16.7%	$607K+56.0%	$389K
SG&A Expenses	$1.0M-2.8%	$1.0M+8.6%	$951K+53.9%	$618K-49.2%	$1.2M-24.5%	$1.6M+52.0%	$1.1M-10.6%	$1.2M
Operating Income	-$2.0M+5.8%	-$2.1M-19.6%	-$1.7M-20.8%	-$1.4M+36.1%	-$2.3M+4.0%	-$2.4M+4.8%	-$2.5M+51.4%	-$5.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	$463-97.9%	$22K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$2.0M+2.1%	-$2.1M-23.4%	-$1.7M-15.0%	-$1.5M+13.9%	-$1.7M+50.9%	-$3.4M-35.8%	-$2.5M+50.9%	-$5.2M
EPS (Diluted)	$-0.62+47.0%	$-1.17-3.5%	$-1.13	N/A	$-1.37+79.7%	$-6.76+87.2%	$-53.00	N/A

ASTI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	N/A	$7.1M+13.5%	$6.3M-66.3%	$18.7M+45.4%	$12.8M+74.3%	$7.4M
Current Assets	N/A	$3.7M+141.8%	$1.5M-87.7%	$12.4M+81.6%	$6.9M+779.1%	$779K
Cash & Equivalents	N/A	$3.2M+202.3%	$1.0M-90.9%	$11.5M+92.6%	$6.0M+3454.5%	$168K
Inventory	N/A	$453K+1.3%	$447K-27.3%	$615K+3.9%	$592K+10.8%	$534K
Accounts Receivable	N/A	$0	$0-100.0%	$2K-96.4%	$49K+789.1%	$6K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$3.8M-51.9%	$7.8M-44.5%	$14.1M-10.1%	$15.7M-43.1%	$27.6M
Current Liabilities	N/A	$2.3M-60.4%	$5.8M+15.8%	$5.0M+63.0%	$3.1M-66.7%	$9.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	$3.4M+321.4%	-$1.5M-269.8%	$899K+131.7%	-$2.8M+86.0%	-$20.2M
Retained Earnings	N/A	-$491.6M-1.9%	-$482.5M-7.8%	-$447.5M-4.6%	-$427.8M-1.4%	-$421.8M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$5.8M-15.1%	$6.8M+10.0%	$6.2M-13.6%	$7.1M-9.7%	$7.9M-22.1%	$10.2M+103.8%	$5.0M-20.9%	$6.3M
Current Assets	$2.7M-26.3%	$3.6M+26.1%	$2.9M-23.0%	$3.7M-14.0%	$4.3M-32.7%	$6.4M+626.9%	$883K-42.5%	$1.5M
Cash & Equivalents	$2.1M-29.1%	$3.0M+31.0%	$2.3M-28.9%	$3.2M-14.8%	$3.7M-35.7%	$5.8M+2985.8%	$187K-82.1%	$1.0M
Inventory	$442K-3.4%	$458K+1.8%	$450K-0.7%	$453K-1.0%	$458K-0.6%	$461K+2.7%	$449K+0.3%	$447K
Accounts Receivable	$0-100.0%	$13K	$0	$0-100.0%	$4K-80.9%	$22K	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.1M-7.1%	$3.4M-6.6%	$3.6M-4.5%	$3.8M-66.5%	$11.2M+87.2%	$6.0M-20.3%	$7.5M-3.7%	$7.8M
Current Liabilities	$2.2M-3.1%	$2.2M-3.1%	$2.3M+0.5%	$2.3M-22.8%	$3.0M-30.0%	$4.2M-24.7%	$5.6M-2.7%	$5.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.7M-22.8%	$3.4M+33.2%	$2.6M-23.7%	$3.4M+201.6%	-$3.3M-180.1%	$4.2M+262.8%	-$2.6M-67.0%	-$1.5M
Retained Earnings	-$497.4M-0.4%	-$495.3M-0.4%	-$493.3M-0.3%	-$491.6M-0.3%	-$490.2M-0.3%	-$488.5M-0.7%	-$485.0M-0.5%	-$482.5M

ASTI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$6.9M+18.0%	-$8.4M+11.7%	-$9.5M+9.2%	-$10.5M-11.7%	-$9.4M-226.0%	-$2.9M
Capital Expenditures	$32K+7504.5%	$421-100.0%	$3.9M+2177.9%	$169K-39.6%	$280K	N/A
Free Cash Flow	-$6.9M+17.7%	-$8.4M+37.1%	-$13.4M-25.5%	-$10.7M-10.2%	-$9.7M	N/A
Investing Cash Flow	-$107K-25319.2%	-$421+100.0%	-$3.9M-1360.6%	-$265K+12.0%	-$302K-218.5%	$254K
Financing Cash Flow	$6.6M-37.2%	$10.5M+256.0%	$3.0M-81.8%	$16.3M+5.1%	$15.5M+453.9%	$2.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$1.7M+4.2%	-$1.8M-16.9%	-$1.6M-1.5%	-$1.5M+25.6%	-$2.1M+43.8%	-$3.6M-204.6%	-$1.2M+45.7%	-$2.2M
Capital Expenditures	$30K+1351.8%	$2K+320.7%	$483	$0	N/A	N/A	N/A	$13K
Free Cash Flow	-$1.8M+2.7%	-$1.8M-17.0%	-$1.6M-1.6%	-$1.5M	N/A	N/A	N/A	-$2.2M
Investing Cash Flow	-$105K-5042.7%	-$2K-320.7%	-$483	$0	N/A	N/A	$0+100.0%	-$13K
Financing Cash Flow	$979K-61.0%	$2.5M+295.3%	$636K-34.9%	$976K+7969.7%	-$12K-100.1%	$9.2M+2646.9%	$337K-67.0%	$1.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ASTI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	-155.7%+98.4pp	-254.2%+58.8pp	-312.9%-248.4pp	-64.5%+148.5pp	-213.0%-50.9pp	-162.1%
Operating Margin	-10256.7%+10121.8pp	-20378.5%-16964.8pp	-3413.6%-2018.8pp	-1394.8%+51.5pp	-1446.3%+2238.5pp	-3684.8%
Net Margin	-10202.5%+11591.8pp	-21794.3%-18069.3pp	-3724.9%-2109.4pp	-1615.5%-628.4pp	-987.2%-3415.3pp	2428.1%
Return on Equity	N/A	-270.1%	N/A	-2196.7%	N/A	N/A
Return on Assets	N/A	-127.8%+143.3pp	-271.0%-165.2pp	-105.8%-59.1pp	-46.7%-68.6pp	21.9%
Current Ratio	N/A	1.63+1.4	0.27-2.2	2.50+0.3	2.25+2.2	0.09
Debt-to-Equity	N/A	1.11+6.2	-5.13-20.8	15.67+21.2	-5.53-4.2	-1.37
FCF Margin	-9034.4%+11073.9pp	-20108.3%-17185.4pp	-2922.9%-2049.9pp	-873.1%+720.4pp	-1593.5%	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	-211.7%-143.0pp	-68.7%-14.3pp	-54.4%	N/A	-798.2%-676.4pp	-121.8%-54.1pp	-67.6%+2405.2pp	-2472.8%
Operating Margin	-6892.3%+5424.5pp	-12316.8%-1138.9pp	-11177.9%	N/A	-26443.2%-17952.5pp	-8490.7%+35715.3pp	-44206.0%+138834.4pp	-183040.3%
Net Margin	-7081.3%+5096.0pp	-12177.3%-1461.2pp	-10716.2%	N/A	-19776.2%-7355.7pp	-12420.5%+32896.3pp	-45316.8%+140431.4pp	-185748.2%
Return on Equity	-76.3%-16.1pp	-60.1%+4.8pp	-65.0%-21.9pp	-43.1%	N/A	-83.0%	N/A	N/A
Return on Assets	-35.0%-4.6pp	-30.4%-3.3pp	-27.1%-6.8pp	-20.4%+1.0pp	-21.4%+12.6pp	-33.9%+17.0pp	-50.9%+31.1pp	-82.0%
Current Ratio	1.23-0.4	1.62+0.4	1.25-0.4	1.63+0.2	1.46-0.1	1.52+1.4	0.16-0.1	0.27
Debt-to-Equity	1.18+0.2	0.98-0.4	1.40+0.3	1.11+4.5	-3.38-4.8	1.45+4.4	-2.95+2.2	-5.13
FCF Margin	-6182.5%+4510.0pp	-10692.4%-768.5pp	-9923.9%	N/A	N/A	N/A	N/A	-79878.4%

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Frequently Asked Questions

What is Ascent Solar Tec's annual revenue?

Ascent Solar Tec (ASTI) reported $77K in total revenue for fiscal year 2025. This represents a 83.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ascent Solar Tec's revenue growing?

Ascent Solar Tec (ASTI) revenue grew by 83.3% year-over-year, from $42K to $77K in fiscal year 2025.

Is Ascent Solar Tec profitable?

No, Ascent Solar Tec (ASTI) reported a net income of -$7.8M in fiscal year 2025, with a net profit margin of -10202.5%.

What is Ascent Solar Tec's EBITDA?

Ascent Solar Tec (ASTI) had EBITDA of -$7.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Ascent Solar Tec's gross margin?

Ascent Solar Tec (ASTI) had a gross margin of -155.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ascent Solar Tec's operating margin?

Ascent Solar Tec (ASTI) had an operating margin of -10256.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Ascent Solar Tec's net profit margin?

Ascent Solar Tec (ASTI) had a net profit margin of -10202.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ascent Solar Tec's free cash flow?

Ascent Solar Tec (ASTI) generated -$6.9M in free cash flow during fiscal year 2025. This represents a 17.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ascent Solar Tec's operating cash flow?

Ascent Solar Tec (ASTI) generated -$6.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ascent Solar Tec's capital expenditures?

Ascent Solar Tec (ASTI) invested $32K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Ascent Solar Tec spend on research and development?

Ascent Solar Tec (ASTI) invested $2.4M in research and development during fiscal year 2025.

How many shares does Ascent Solar Tec have outstanding?

Ascent Solar Tec (ASTI) had 9M shares outstanding as of fiscal year 2025.

Are Ascent Solar Tec's earnings high quality?

Ascent Solar Tec (ASTI) has an earnings quality ratio of 0.88x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Ascent Solar Tec cover its interest payments?

Ascent Solar Tec (ASTI) has an interest coverage ratio of -14.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.