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Side-by-side financial comparison of AST SpaceMobile, Inc. (ASTS) and LIFECORE BIOMEDICAL, INC. \DE\ (LFCR). Click either name above to swap in a different company.

AST SpaceMobile, Inc. is the larger business by last-quarter revenue ($54.3M vs $31.1M, roughly 1.7× LIFECORE BIOMEDICAL, INC. \DE\). LIFECORE BIOMEDICAL, INC. \DE\ runs the higher net margin — -32.1% vs -136.2%, a 104.1% gap on every dollar of revenue. On growth, AST SpaceMobile, Inc. posted the faster year-over-year revenue change (2758.2% vs -4.5%). LIFECORE BIOMEDICAL, INC. \DE\ produced more free cash flow last quarter ($25.0K 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.

LIFECORE BIOMEDICAL, INC. is a biomedical firm focused on developing and manufacturing high-quality hyaluronic acid-based biomaterials. It operates three core segments: medical application products, pharmaceutical solutions, and personal care ingredients, with main markets spanning North America, Europe and the Asia-Pacific, supplying to leading medical device, pharmaceutical and cosmetic brand partners.

ASTS vs LFCR — Head-to-Head

Bigger by revenue
ASTS
ASTS
1.7× larger
ASTS
$54.3M
$31.1M
LFCR
Growing faster (revenue YoY)
ASTS
ASTS
+2762.6% gap
ASTS
2758.2%
-4.5%
LFCR
Higher net margin
LFCR
LFCR
104.1% more per $
LFCR
-32.1%
-136.2%
ASTS
More free cash flow
LFCR
LFCR
$330.8M more FCF
LFCR
$25.0K
$-330.7M
ASTS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ASTS
ASTS
LFCR
LFCR
Revenue
$54.3M
$31.1M
Net Profit
$-74.0M
$-10.0M
Gross Margin
25.0%
Operating Margin
-175.0%
-9.9%
Net Margin
-136.2%
-32.1%
Revenue YoY
2758.2%
-4.5%
Net Profit YoY
-106.3%
-52.0%
EPS (diluted)
$-0.29

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
LFCR
LFCR
Q4 25
$54.3M
Q3 25
$14.7M
$31.1M
Q1 25
$35.2M
Q4 24
$32.6M
Q3 24
$24.7M
Q1 24
$35.7M
Q4 23
$0
$30.1M
Q3 23
$0
$24.5M
Net Profit
ASTS
ASTS
LFCR
LFCR
Q4 25
$-74.0M
Q3 25
$-122.9M
$-10.0M
Q1 25
$-14.8M
Q4 24
$-6.6M
Q3 24
$-16.2M
Q1 24
$15.6M
Q4 23
$-31.9M
$14.2M
Q3 23
$-20.9M
$-10.8M
Gross Margin
ASTS
ASTS
LFCR
LFCR
Q4 25
Q3 25
25.0%
Q1 25
28.0%
Q4 24
34.0%
Q3 24
21.8%
Q1 24
33.3%
Q4 23
33.0%
Q3 23
11.1%
Operating Margin
ASTS
ASTS
LFCR
LFCR
Q4 25
-175.0%
Q3 25
-1109.0%
-9.9%
Q1 25
-25.7%
Q4 24
-6.0%
Q3 24
-46.9%
Q1 24
-2.5%
Q4 23
-4.9%
Q3 23
-35.1%
Net Margin
ASTS
ASTS
LFCR
LFCR
Q4 25
-136.2%
Q3 25
-833.7%
-32.1%
Q1 25
-42.0%
Q4 24
-20.2%
Q3 24
-65.7%
Q1 24
43.8%
Q4 23
47.2%
Q3 23
-43.9%
EPS (diluted)
ASTS
ASTS
LFCR
LFCR
Q4 25
Q3 25
$-0.29
Q1 25
$-0.47
Q4 24
$-0.25
Q3 24
$-0.53
Q1 24
$0.42
Q4 23
$0.39
Q3 23
$-0.35

Balance Sheet & Financial Strength

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

Metric
ASTS
ASTS
LFCR
LFCR
Cash + ST InvestmentsLiquidity on hand
$4.3B
$18.9M
Total DebtLower is stronger
$136.0M
Stockholders' EquityBook value
$2.4B
$-10.5M
Total Assets
$5.0B
$235.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTS
ASTS
LFCR
LFCR
Q4 25
$4.3B
Q3 25
$2.4B
$18.9M
Q1 25
$5.4M
Q4 24
$9.5M
Q3 24
Q1 24
Q4 23
$155.3M
Q3 23
$251.7M
Total Debt
ASTS
ASTS
LFCR
LFCR
Q4 25
Q3 25
$136.0M
Q1 25
$124.9M
Q4 24
$111.3M
Q3 24
$106.3M
Q1 24
$97.1M
Q4 23
$92.9M
Q3 23
$88.8M
Stockholders' Equity
ASTS
ASTS
LFCR
LFCR
Q4 25
$2.4B
Q3 25
$1.6B
$-10.5M
Q1 25
$2.2M
Q4 24
$15.4M
Q3 24
$-3.9M
Q1 24
$17.7M
Q4 23
$213.6M
$1.4M
Q3 23
$287.2M
$-13.6M
Total Assets
ASTS
ASTS
LFCR
LFCR
Q4 25
$5.0B
Q3 25
$2.6B
$235.2M
Q1 25
$237.7M
Q4 24
$255.4M
Q3 24
$246.8M
Q1 24
$246.2M
Q4 23
$360.9M
$245.8M
Q3 23
$402.1M
$245.6M
Debt / Equity
ASTS
ASTS
LFCR
LFCR
Q4 25
Q3 25
Q1 25
56.05×
Q4 24
7.20×
Q3 24
Q1 24
5.49×
Q4 23
65.35×
Q3 23

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
LFCR
LFCR
Operating Cash FlowLast quarter
$65.0M
$1.8M
Free Cash FlowOCF − Capex
$-330.7M
$25.0K
FCF MarginFCF / Revenue
-609.0%
0.1%
Capex IntensityCapex / Revenue
728.7%
5.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-790.4M
$-16.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTS
ASTS
LFCR
LFCR
Q4 25
$65.0M
Q3 25
$-64.5M
$1.8M
Q1 25
$1.2M
Q4 24
$-6.1M
Q3 24
$-613.0K
Q1 24
$-1.4M
Q4 23
$-24.9M
$1.3M
Q3 23
$-36.1M
$-8.3M
Free Cash Flow
ASTS
ASTS
LFCR
LFCR
Q4 25
$-330.7M
Q3 25
$-302.9M
$25.0K
Q1 25
$-4.3M
Q4 24
$-8.6M
Q3 24
$-4.0M
Q1 24
$-7.8M
Q4 23
$-47.2M
$-3.0M
Q3 23
$-109.5M
$-13.4M
FCF Margin
ASTS
ASTS
LFCR
LFCR
Q4 25
-609.0%
Q3 25
-2055.0%
0.1%
Q1 25
-12.1%
Q4 24
-26.3%
Q3 24
-16.3%
Q1 24
-21.8%
Q4 23
-9.9%
Q3 23
-54.6%
Capex Intensity
ASTS
ASTS
LFCR
LFCR
Q4 25
728.7%
Q3 25
1617.6%
5.6%
Q1 25
15.5%
Q4 24
7.5%
Q3 24
13.9%
Q1 24
17.8%
Q4 23
14.1%
Q3 23
20.6%
Cash Conversion
ASTS
ASTS
LFCR
LFCR
Q4 25
Q3 25
Q1 25
Q4 24
Q3 24
Q1 24
-0.09×
Q4 23
0.09×
Q3 23

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%

LFCR
LFCR

Transferred At Point In Time$26.6M85%
Transferred Over Time$4.5M15%

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