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Side-by-side financial comparison of AST SpaceMobile, Inc. (ASTS) and Elme Communities (ELME). Click either name above to swap in a different company.

Elme Communities is the larger business by last-quarter revenue ($62.1M vs $54.3M, roughly 1.1× AST SpaceMobile, Inc.). AST SpaceMobile, Inc. runs the higher net margin — -136.2% vs -198.9%, a 62.7% gap on every dollar of revenue. On growth, AST SpaceMobile, Inc. posted the faster year-over-year revenue change (2758.2% vs 1.7%). Elme Communities produced more free cash flow last quarter ($7.2M vs $-330.7M).

AST SpaceMobile, Inc. is a publicly traded satellite designer and manufacturer based in Midland, Texas, United States. The company is building the SpaceMobile satellite constellation, a space-based cellular broadband network designed to connect directly to standard, unmodified smartphones. The network is intended to deliver 4G and 5G broadband coverage globally, particularly in remote and underserved regions.

Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.

ASTS vs ELME — Head-to-Head

Bigger by revenue
ELME
ELME
1.1× larger
ELME
$62.1M
$54.3M
ASTS
Growing faster (revenue YoY)
ASTS
ASTS
+2756.4% gap
ASTS
2758.2%
1.7%
ELME
Higher net margin
ASTS
ASTS
62.7% more per $
ASTS
-136.2%
-198.9%
ELME
More free cash flow
ELME
ELME
$338.0M more FCF
ELME
$7.2M
$-330.7M
ASTS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ASTS
ASTS
ELME
ELME
Revenue
$54.3M
$62.1M
Net Profit
$-74.0M
$-123.5M
Gross Margin
61.1%
Operating Margin
-175.0%
-183.3%
Net Margin
-136.2%
-198.9%
Revenue YoY
2758.2%
1.7%
Net Profit YoY
-106.3%
-4058.7%
EPS (diluted)
$-1.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASTS
ASTS
ELME
ELME
Q4 25
$54.3M
Q3 25
$14.7M
$62.1M
Q2 25
$62.1M
Q1 25
$61.5M
Q4 24
$61.3M
Q3 24
$61.1M
Q2 24
$60.1M
Q1 24
$59.5M
Net Profit
ASTS
ASTS
ELME
ELME
Q4 25
$-74.0M
Q3 25
$-122.9M
$-123.5M
Q2 25
$-3.6M
Q1 25
$-4.7M
Q4 24
$-3.0M
Q3 24
$-3.0M
Q2 24
$-3.5M
Q1 24
$-3.6M
Gross Margin
ASTS
ASTS
ELME
ELME
Q4 25
Q3 25
61.1%
Q2 25
63.5%
Q1 25
64.2%
Q4 24
62.9%
Q3 24
63.5%
Q2 24
63.4%
Q1 24
63.5%
Operating Margin
ASTS
ASTS
ELME
ELME
Q4 25
-175.0%
Q3 25
-1109.0%
-183.3%
Q2 25
9.6%
Q1 25
7.8%
Q4 24
10.4%
Q3 24
11.0%
Q2 24
9.8%
Q1 24
7.5%
Net Margin
ASTS
ASTS
ELME
ELME
Q4 25
-136.2%
Q3 25
-833.7%
-198.9%
Q2 25
-5.7%
Q1 25
-7.6%
Q4 24
-4.9%
Q3 24
-4.9%
Q2 24
-5.8%
Q1 24
-6.1%
EPS (diluted)
ASTS
ASTS
ELME
ELME
Q4 25
Q3 25
$-1.40
Q2 25
$-0.04
Q1 25
$-0.05
Q4 24
$-0.04
Q3 24
$-0.03
Q2 24
$-0.04
Q1 24
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASTS
ASTS
ELME
ELME
Cash + ST InvestmentsLiquidity on hand
$4.3B
$7.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.4B
$908.9M
Total Assets
$5.0B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTS
ASTS
ELME
ELME
Q4 25
$4.3B
Q3 25
$2.4B
$7.1M
Q2 25
$4.8M
Q1 25
$6.4M
Q4 24
$6.1M
Q3 24
$4.8M
Q2 24
$5.6M
Q1 24
$4.2M
Stockholders' Equity
ASTS
ASTS
ELME
ELME
Q4 25
$2.4B
Q3 25
$1.6B
$908.9M
Q2 25
$1.0B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Total Assets
ASTS
ASTS
ELME
ELME
Q4 25
$5.0B
Q3 25
$2.6B
$1.7B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$1.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASTS
ASTS
ELME
ELME
Operating Cash FlowLast quarter
$65.0M
$15.9M
Free Cash FlowOCF − Capex
$-330.7M
$7.2M
FCF MarginFCF / Revenue
-609.0%
11.6%
Capex IntensityCapex / Revenue
728.7%
14.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-790.4M
$86.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTS
ASTS
ELME
ELME
Q4 25
$65.0M
Q3 25
$-64.5M
$15.9M
Q2 25
$29.8M
Q1 25
$16.2M
Q4 24
$95.2M
Q3 24
$20.7M
Q2 24
$28.9M
Q1 24
$21.2M
Free Cash Flow
ASTS
ASTS
ELME
ELME
Q4 25
$-330.7M
Q3 25
$-302.9M
$7.2M
Q2 25
$21.1M
Q1 25
$10.5M
Q4 24
$47.9M
Q3 24
$8.8M
Q2 24
$21.0M
Q1 24
$7.6M
FCF Margin
ASTS
ASTS
ELME
ELME
Q4 25
-609.0%
Q3 25
-2055.0%
11.6%
Q2 25
34.1%
Q1 25
17.1%
Q4 24
78.1%
Q3 24
14.4%
Q2 24
34.9%
Q1 24
12.8%
Capex Intensity
ASTS
ASTS
ELME
ELME
Q4 25
728.7%
Q3 25
1617.6%
14.0%
Q2 25
14.0%
Q1 25
9.2%
Q4 24
77.4%
Q3 24
19.4%
Q2 24
13.1%
Q1 24
22.9%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASTS
ASTS

Products$44.4M82%
Other$7.8M14%
Sat Co$2.1M4%

ELME
ELME

Residential Segment$57.7M93%
Other$4.4M7%

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