ASTI · Ascent Solar Technologies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '23 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.9K | - | $28.5K | $17.0K | $15.6K | - | $8.6K | $27.7K | $5.6K | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $694.2K | - | $620.6K | $622.9K | $558.7K | - | $603.5K | $506.0K | $607.2K | - |
| SG&A | $1.44M | - | $1.00M | $1.03M | $950.8K | - | $1.22M | $1.61M | $1.06M | - |
| Total Operating Expenses | $2.31M | - | $2.00M | $2.11M | $1.76M | - | $2.27M | $2.38M | $2.48M | - |
| D&A | $21.5K | - | $23.8K | $17.4K | $16.9K | - | $17.7K | $18.7K | $20.8K | - |
| Operating Income | ($2.26M) | - | ($1.97M) | ($2.09M) | ($1.75M) | - | ($2.26M) | ($2.36M) | ($2.48M) | - |
| Interest Expense | - | - | - | - | - | - | $271.2K | $463 | $22.0K | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($2.18M) | - | ($2.02M) | ($2.07M) | ($1.67M) | - | ($1.69M) | ($3.45M) | ($2.54M) | - |
| EPS - Basic | ($0.27) | - | ($0.62) | ($1.17) | ($1.13) | - | ($1.37) | ($7.00) | ($53.00) | - |
| EPS - Diluted | ($0.27) | - | ($0.62) | ($1.17) | ($1.13) | - | ($1.37) | ($7.00) | ($53.00) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '23 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $16.07M | $2.79M | $2.09M | $2.95M | $2.26M | $3.17M | $3.72M | $5.79M | $187.5K | $1.05M |
| Accounts Receivable | $8.3K | $0 | $0 | $12.8K | $0 | $0 | $4.3K | $22.3K | $0 | $0 |
| Inventory | $564.7K | $543.6K | $442.4K | $457.9K | $449.8K | $453.1K | $457.9K | $460.9K | $448.8K | $447.5K |
| Accounts Payable | $479.6K | $394.7K | $404.4K | $552.5K | $413.1K | $449.4K | $449.8K | $657.1K | $1.21M | $579.2K |
| Current Assets | $16.78M | $3.38M | $2.66M | $3.61M | $2.86M | $3.71M | $4.32M | $6.42M | $882.9K | $1.54M |
| Total Assets | $19.75M | $6.33M | $5.77M | $6.79M | $6.17M | $7.15M | $7.92M | $10.16M | $4.98M | $6.30M |
| Current Liabilities | $2.40M | $2.21M | $2.15M | $2.22M | $2.29M | $2.28M | $2.95M | $4.22M | $5.61M | $5.76M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $3.00M | $2.99M | $3.12M | $3.36M | $3.60M | $3.77M | $4.59M | $6.00M | $7.53M | $7.83M |
| Stockholders' Equity | $16.75M | $3.34M | $2.65M | $3.43M | $2.58M | $3.38M | $3.33M | $4.15M | ($2.55M) | ($1.53M) |
| Retained Earnings | ($501.62M) | ($499.44M) | ($497.37M) | ($495.35M) | ($493.28M) | ($491.61M) | ($490.15M) | ($488.46M) | ($485.02M) | ($482.48M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '23 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.02M) | - | - | - | ($1.55M) | - | - | - | ($1.20M) | - |
| Investing Cash Flow | ($200.0K) | - | - | - | $0 | - | - | - | - | - |
| Financing Cash Flow | $15.51M | - | - | - | $635.6K | - | - | - | $336.6K | - |
| CapEx | $0 | - | - | - | $483 | - | - | - | - | - |
| Free Cash Flow | ($2.02M) | - | - | - | ($1.55M) | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '23 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -4355.6% | - | -6892.3% | -12316.8% | -11177.9% | - | -26443.2% | -8490.7% | -44206.0% | - |
| EBITDA margin | -4314.2% | - | -6808.8% | -12214.0% | -11069.6% | - | -26235.9% | -8423.5% | -43835.3% | - |
| Net margin | -4191.4% | - | -7081.3% | -12177.3% | -10716.2% | - | -19776.2% | -12420.5% | -45316.8% | - |
| Free cash flow margin | -3889.3% | - | - | - | -9923.9% | - | - | - | - | - |
| FCF / Net income | 0.93 | - | - | - | 0.93 | - | - | - | - | - |
| R&D / Revenue | 1336.5% | - | 2173.7% | 3672.7% | 3576.2% | - | 7058.9% | 1823.9% | 10843.4% | - |
| SG&A / Revenue | 2773.1% | - | 3514.6% | 6089.4% | 6085.3% | - | 14233.6% | 5808.4% | 18929.3% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -11.0% | - | -35.0% | -30.4% | -27.1% | - | -21.4% | -33.9% | -50.9% | - |
| Return on equity | -13.0% | - | -76.3% | -60.1% | -65.0% | - | -50.8% | -83.0% | 99.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 6.99 | 1.53 | 1.23 | 1.62 | 1.25 | 1.63 | 1.46 | 1.52 | 0.16 | 0.27 |
| Quick ratio | 6.75 | 1.29 | 1.03 | 1.42 | 1.05 | 1.43 | 1.31 | 1.41 | 0.08 | 0.19 |
| Cash ratio | 6.69 | 1.26 | 0.97 | 1.33 | 0.98 | 1.39 | 1.26 | 1.37 | 0.03 | 0.18 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | -8.3x | -5087.6x | -112.6x | - |
| Equity multiplier | 1.18 | 1.90 | 2.18 | 1.98 | 2.40 | 2.11 | 2.38 | 2.45 | -1.95 | -4.13 |
| Liabilities / Assets | 0.15 | 0.47 | 0.54 | 0.49 | 0.58 | 0.53 | 0.58 | 0.59 | 1.51 | 1.24 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 58d | - | 0d | 276d | 0d | - | 183d | 294d | 0d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.9x | - | 2.3x | 1.4x | 0.8x | - | 0.9x | 127.7x | - | - |
| P / S | 604.5x | - | 217.2x | 280.6x | 134.2x | - | 369.0x | 19116.7x | 33391.5x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 232.5% | - | 233.9% | - | 179.0% | - | -96.3% | -95.6% | -95.5% | - |
| Revenue CAGR (3y) | -25.2% | - | 65.1% | -70.1% | -69.8% | - | -10.0% | -17.9% | -67.6% | - |
| Revenue CAGR (5y) | -20.7% | - | 35.3% | -19.5% | 30.7% | - | -52.1% | -23.1% | -56.9% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -29.5% | - | 13.0% | - | 29.5% | - | 4.9% | -3.2% | 50.7% | - |
| Net income growth (YoY) | -30.0% | - | -19.6% | - | 34.0% | - | 11.4% | -49.0% | 58.3% | - |
| EPS growth (YoY) | 76.1% | - | 54.7% | - | 97.9% | - | 66.1% | -8650.0% | -31076.5% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -30.3% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 550.0% | -1.2% | -20.3% | - | - | - | - | - | -17.0% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$76.8K totalProduct$76.8K · 100.0%
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing Ascent Solar Technologies against the 5 most active filers in the same SIC group.