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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $76.8K | $41.9K | $458.3K | $1.22M | $607.8K | $66.6K |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | $2.44M | $2.30M | $3.22M | $5.98M | $4.14M | $1.17M |
| SG&A | $4.10M | $4.51M | $5.36M | $4.74M | $3.30M | $1.03M |
| Total Operating Expenses | $7.95M | $8.58M | $16.10M | $18.28M | $9.40M | $2.52M |
| D&A | $79.7K | $74.1K | $95.2K | $75.6K | $57.3K | $151.7K |
| Operating Income | ($7.87M) | ($8.54M) | ($15.64M) | ($17.06M) | ($8.79M) | ($2.45M) |
| Interest Expense | - | - | - | - | $475.7K | $438.1K |
| Income Tax | $0 | - | - | - | - | - |
| Net Income | ($7.83M) | ($9.13M) | ($17.07M) | ($19.75M) | ($6.00M) | $1.62M |
| EPS - Basic | ($3.09) | ($10.38) | ($3419.00) | ($13200.00) | $23000.00 | - |
| EPS - Diluted | ($3.09) | ($10.38) | ($3419.00) | ($13200.00) | $6400.00 | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.79M | $3.17M | $1.05M | $11.48M | $5.96M | $167.7K |
| Accounts Receivable | $0 | $0 | $0 | $1.8K | $49.3K | $5.5K |
| Inventory | $543.6K | $453.1K | $447.5K | $615.3K | $592.2K | $534.4K |
| Accounts Payable | $394.7K | $449.4K | $579.2K | $595.2K | $642.2K | $737.0K |
| Current Assets | $3.38M | $3.71M | $1.54M | $12.44M | $6.85M | $779.3K |
| Total Assets | $6.33M | $7.15M | $6.30M | $18.68M | $12.85M | $7.37M |
| Current Liabilities | $2.21M | $2.28M | $5.76M | $4.97M | $3.05M | $9.15M |
| Long-term Debt | - | - | - | - | $5.89M | - |
| Total Liabilities | $2.99M | $3.77M | $7.83M | $14.09M | $15.68M | $27.56M |
| Stockholders' Equity | $3.34M | $3.38M | ($1.53M) | $4.59M | ($2.83M) | ($20.19M) |
| Retained Earnings | ($499.44M) | ($491.61M) | ($482.48M) | ($447.54M) | ($427.78M) | ($421.78M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($6.90M) | ($8.42M) | ($9.54M) | ($10.51M) | ($9.40M) | ($2.88M) |
| Investing Cash Flow | ($107.0K) | ($421) | ($3.88M) | ($265.5K) | ($301.5K) | $254.4K |
| Financing Cash Flow | $6.63M | $10.55M | $2.96M | $16.29M | $15.50M | $2.80M |
| CapEx | $32.0K | $421 | $3.86M | $169.4K | $280.3K | - |
| Free Cash Flow | ($6.94M) | ($8.42M) | ($13.39M) | ($10.68M) | ($9.68M) | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | -10256.7% | -20378.5% | -3413.6% | -1394.8% | -1446.3% | -3684.8% |
| EBITDA margin | -10152.9% | -20201.5% | -3392.8% | -1388.6% | -1436.9% | -3457.1% |
| Net margin | -10202.5% | -21794.3% | -3724.9% | -1615.5% | -987.2% | 2428.1% |
| Free cash flow margin | -9034.4% | -20108.3% | -2922.9% | -873.1% | -1593.5% | - |
| FCF / Net income | 0.89 | 0.92 | 0.78 | 0.54 | 1.61 | - |
| R&D / Revenue | 3182.4% | 5492.4% | 703.2% | 488.7% | 681.2% | 1749.2% |
| SG&A / Revenue | 5337.8% | 10756.8% | 1170.6% | 387.4% | 542.6% | 1545.8% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -123.7% | -127.8% | -271.0% | -105.8% | -46.7% | 21.9% |
| Return on equity | -234.7% | -270.1% | 1118.2% | -430.8% | 211.7% | -8.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.53 | 1.63 | 0.27 | 2.50 | 2.25 | 0.09 |
| Quick ratio | 1.29 | 1.43 | 0.19 | 2.38 | 2.05 | 0.03 |
| Cash ratio | 1.26 | 1.39 | 0.18 | 2.31 | 1.95 | 0.02 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | -2.08 | - |
| Debt / Assets | - | - | - | - | 0.46 | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | -18.5x | -5.6x |
| Equity multiplier | 1.90 | 2.11 | -4.13 | 4.07 | -4.53 | -0.37 |
| Liabilities / Assets | 0.47 | 0.53 | 1.24 | 0.75 | 1.22 | 3.74 |
| Efficiency | ||||||
| Asset turnover | 0.01 | 0.01 | 0.07 | 0.07 | 0.05 | 0.01 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 0d | 0d | 0d | 1d | 30d | 30d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 3.1x | 0.9x | - | 211880.2x | - | - |
| P / S | 136.8x | 68.9x | 194.6x | 794567.1x | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 83.3% | -90.9% | -62.5% | 101.2% | 812.4% | -89.6% |
| Revenue CAGR (3y) | -60.3% | -59.0% | 90.2% | 24.2% | -1.8% | -53.0% |
| Revenue CAGR (5y) | 2.9% | -42.0% | -6.5% | 13.7% | -19.0% | -60.0% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 7.8% | 45.4% | 8.3% | -94.0% | -258.1% | 24.5% |
| Net income growth (YoY) | 14.2% | 46.5% | 13.6% | -229.2% | - | - |
| EPS growth (YoY) | 70.2% | 99.7% | 74.1% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 17.7% | 37.1% | -25.5% | -10.2% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -1.2% | - | - | - | 86.0% | 19.6% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-70.06
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing Ascent Solar Technologies against the 5 most active filers in the same SIC group.