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Side-by-side financial comparison of AST SpaceMobile, Inc. (ASTS) and KINGSTONE COMPANIES, INC. (KINS). Click either name above to swap in a different company.

KINGSTONE COMPANIES, INC. is the larger business by last-quarter revenue ($56.4M vs $54.3M, roughly 1.0× AST SpaceMobile, Inc.). KINGSTONE COMPANIES, INC. runs the higher net margin — 26.2% vs -136.2%, a 162.4% gap on every dollar of revenue. On growth, AST SpaceMobile, Inc. posted the faster year-over-year revenue change (2758.2% vs 34.0%). KINGSTONE COMPANIES, INC. produced more free cash flow last quarter ($73.1M 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.

Kingstone Companies, Inc., headquartered in Kingston, New York, provides property and casualty insurance products through its subsidiary, Kingstone Insurance Company. It places contracts with the third-party licensed premium finance company through its subsidiary Payments, Inc., a NYS licensed Insurance Premium Finance Company. Kingstone Insurance Company was ranked #1 of the 81 insurers rated by the Professional Insurance Agents Association in its 2010 Company Performance Survey. The company...

ASTS vs KINS — Head-to-Head

Bigger by revenue
KINS
KINS
1.0× larger
KINS
$56.4M
$54.3M
ASTS
Growing faster (revenue YoY)
ASTS
ASTS
+2724.2% gap
ASTS
2758.2%
34.0%
KINS
Higher net margin
KINS
KINS
162.4% more per $
KINS
26.2%
-136.2%
ASTS
More free cash flow
KINS
KINS
$403.8M more FCF
KINS
$73.1M
$-330.7M
ASTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASTS
ASTS
KINS
KINS
Revenue
$54.3M
$56.4M
Net Profit
$-74.0M
$14.8M
Gross Margin
Operating Margin
-175.0%
32.7%
Net Margin
-136.2%
26.2%
Revenue YoY
2758.2%
34.0%
Net Profit YoY
-106.3%
171.4%
EPS (diluted)
$1.09

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
KINS
KINS
Q4 25
$54.3M
$56.4M
Q3 25
$14.7M
$55.7M
Q2 25
$52.3M
Q1 25
$50.5M
Q4 24
$42.1M
Q3 24
$40.8M
Q2 24
$36.5M
Q1 24
$35.8M
Net Profit
ASTS
ASTS
KINS
KINS
Q4 25
$-74.0M
$14.8M
Q3 25
$-122.9M
$10.9M
Q2 25
$11.3M
Q1 25
$3.9M
Q4 24
$5.4M
Q3 24
$7.0M
Q2 24
$4.5M
Q1 24
$1.4M
Operating Margin
ASTS
ASTS
KINS
KINS
Q4 25
-175.0%
32.7%
Q3 25
-1109.0%
24.6%
Q2 25
27.1%
Q1 25
9.3%
Q4 24
15.9%
Q3 24
22.3%
Q2 24
15.7%
Q1 24
5.0%
Net Margin
ASTS
ASTS
KINS
KINS
Q4 25
-136.2%
26.2%
Q3 25
-833.7%
19.5%
Q2 25
21.5%
Q1 25
7.7%
Q4 24
12.9%
Q3 24
17.1%
Q2 24
12.4%
Q1 24
4.0%
EPS (diluted)
ASTS
ASTS
KINS
KINS
Q4 25
$1.09
Q3 25
$0.74
Q2 25
$0.78
Q1 25
$0.27
Q4 24
$0.44
Q3 24
$0.55
Q2 24
$0.37
Q1 24
$0.12

Balance Sheet & Financial Strength

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

Metric
ASTS
ASTS
KINS
KINS
Cash + ST InvestmentsLiquidity on hand
$4.3B
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$2.4B
$122.7M
Total Assets
$5.0B
$453.4M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTS
ASTS
KINS
KINS
Q4 25
$4.3B
Q3 25
$2.4B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
ASTS
ASTS
KINS
KINS
Q4 25
$4.4M
Q3 25
$4.8M
Q2 25
$5.1M
Q1 25
$5.4M
Q4 24
$11.2M
Q3 24
$17.3M
Q2 24
$25.3M
Q1 24
$25.3M
Stockholders' Equity
ASTS
ASTS
KINS
KINS
Q4 25
$2.4B
$122.7M
Q3 25
$1.6B
$107.7M
Q2 25
$94.9M
Q1 25
$82.2M
Q4 24
$66.7M
Q3 24
$59.7M
Q2 24
$40.8M
Q1 24
$35.7M
Total Assets
ASTS
ASTS
KINS
KINS
Q4 25
$5.0B
$453.4M
Q3 25
$2.6B
$428.6M
Q2 25
$393.4M
Q1 25
$385.4M
Q4 24
$374.9M
Q3 24
$347.0M
Q2 24
$319.8M
Q1 24
$318.3M
Debt / Equity
ASTS
ASTS
KINS
KINS
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.05×
Q1 25
0.07×
Q4 24
0.17×
Q3 24
0.29×
Q2 24
0.62×
Q1 24
0.71×

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
KINS
KINS
Operating Cash FlowLast quarter
$65.0M
$75.9M
Free Cash FlowOCF − Capex
$-330.7M
$73.1M
FCF MarginFCF / Revenue
-609.0%
129.5%
Capex IntensityCapex / Revenue
728.7%
5.0%
Cash ConversionOCF / Net Profit
5.14×
TTM Free Cash FlowTrailing 4 quarters
$-790.4M
$124.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTS
ASTS
KINS
KINS
Q4 25
$65.0M
$75.9M
Q3 25
$-64.5M
$25.9M
Q2 25
$9.3M
Q1 25
$17.9M
Q4 24
$57.9M
Q3 24
$21.7M
Q2 24
$7.1M
Q1 24
$6.1M
Free Cash Flow
ASTS
ASTS
KINS
KINS
Q4 25
$-330.7M
$73.1M
Q3 25
$-302.9M
$25.3M
Q2 25
$8.7M
Q1 25
$17.0M
Q4 24
$55.6M
Q3 24
$21.0M
Q2 24
$6.6M
Q1 24
$5.6M
FCF Margin
ASTS
ASTS
KINS
KINS
Q4 25
-609.0%
129.5%
Q3 25
-2055.0%
45.4%
Q2 25
16.6%
Q1 25
33.7%
Q4 24
132.1%
Q3 24
51.6%
Q2 24
18.1%
Q1 24
15.5%
Capex Intensity
ASTS
ASTS
KINS
KINS
Q4 25
728.7%
5.0%
Q3 25
1617.6%
1.2%
Q2 25
1.1%
Q1 25
1.7%
Q4 24
5.6%
Q3 24
1.7%
Q2 24
1.4%
Q1 24
1.5%
Cash Conversion
ASTS
ASTS
KINS
KINS
Q4 25
5.14×
Q3 25
2.38×
Q2 25
0.82×
Q1 25
4.60×
Q4 24
10.65×
Q3 24
3.12×
Q2 24
1.58×
Q1 24
4.27×

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%

KINS
KINS

Segment breakdown not available.

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