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

AST SpaceMobile, Inc. is the larger business by last-quarter revenue ($54.3M vs $45.9M, roughly 1.2× Theravance Biopharma, Inc.). Over the past eight quarters, AST SpaceMobile, Inc.'s revenue compounded faster (173.4% CAGR vs 77.9%).

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.

Theravance Biopharma, Inc. is a global biopharmaceutical enterprise focused on researching, developing and commercializing innovative medicines for patients with serious, unmet medical needs, primarily targeting respiratory and infectious disease segments. It operates core markets across North America and Europe, partnering with global healthcare stakeholders to advance its therapy pipeline and deliver effective, accessible treatment options to underserved patient groups.

ASTS vs TBPH — Head-to-Head

Bigger by revenue
ASTS
ASTS
1.2× larger
ASTS
$54.3M
$45.9M
TBPH
Faster 2-yr revenue CAGR
ASTS
ASTS
Annualised
ASTS
173.4%
77.9%
TBPH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ASTS
ASTS
TBPH
TBPH
Revenue
$54.3M
$45.9M
Net Profit
$61.0M
Gross Margin
Operating Margin
-560.4%
43.6%
Net Margin
133.0%
Revenue YoY
144.7%
Net Profit YoY
493.0%
EPS (diluted)
$1.18

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
TBPH
TBPH
Q1 26
$54.3M
Q4 25
$54.3M
$45.9M
Q3 25
$14.7M
$20.0M
Q2 25
$26.2M
Q1 25
$15.4M
Q4 24
$18.8M
Q3 24
$16.9M
Q2 24
$14.3M
Net Profit
ASTS
ASTS
TBPH
TBPH
Q1 26
Q4 25
$-74.0M
$61.0M
Q3 25
$-122.9M
$3.6M
Q2 25
$54.8M
Q1 25
$-13.6M
Q4 24
$-15.5M
Q3 24
$-12.7M
Q2 24
$-16.5M
Operating Margin
ASTS
ASTS
TBPH
TBPH
Q1 26
-560.4%
Q4 25
-175.0%
43.6%
Q3 25
-1109.0%
-32.3%
Q2 25
-10.4%
Q1 25
-93.8%
Q4 24
-49.1%
Q3 24
-64.2%
Q2 24
-110.2%
Net Margin
ASTS
ASTS
TBPH
TBPH
Q1 26
Q4 25
-136.2%
133.0%
Q3 25
-833.7%
18.1%
Q2 25
209.3%
Q1 25
-88.2%
Q4 24
-82.8%
Q3 24
-75.3%
Q2 24
-115.9%
EPS (diluted)
ASTS
ASTS
TBPH
TBPH
Q1 26
Q4 25
$1.18
Q3 25
$0.07
Q2 25
$1.08
Q1 25
$-0.27
Q4 24
$-0.31
Q3 24
$-0.26
Q2 24
$-0.34

Balance Sheet & Financial Strength

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

Metric
ASTS
ASTS
TBPH
TBPH
Cash + ST InvestmentsLiquidity on hand
$2.3B
$167.8M
Total DebtLower is stronger
$12.0M
Stockholders' EquityBook value
$2.4B
$296.7M
Total Assets
$5.0B
$485.6M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTS
ASTS
TBPH
TBPH
Q1 26
$2.3B
Q4 25
$4.3B
$167.8M
Q3 25
$2.4B
$174.8M
Q2 25
$281.9M
Q1 25
$110.6M
Q4 24
$37.8M
Q3 24
$23.4M
Q2 24
$46.3M
Total Debt
ASTS
ASTS
TBPH
TBPH
Q1 26
$12.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
ASTS
ASTS
TBPH
TBPH
Q1 26
$2.4B
Q4 25
$2.4B
$296.7M
Q3 25
$1.6B
$232.7M
Q2 25
$224.8M
Q1 25
$166.0M
Q4 24
$175.5M
Q3 24
$185.7M
Q2 24
$193.7M
Total Assets
ASTS
ASTS
TBPH
TBPH
Q1 26
$5.0B
Q4 25
$5.0B
$485.6M
Q3 25
$2.6B
$415.5M
Q2 25
$426.0M
Q1 25
$343.6M
Q4 24
$354.2M
Q3 24
$356.1M
Q2 24
$362.0M
Debt / Equity
ASTS
ASTS
TBPH
TBPH
Q1 26
0.01×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
TBPH
TBPH
Operating Cash FlowLast quarter
$-6.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.10×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTS
ASTS
TBPH
TBPH
Q1 26
Q4 25
$65.0M
$-6.1M
Q3 25
$-64.5M
$-6.5M
Q2 25
$208.1M
Q1 25
$43.0M
Q4 24
$-902.0K
Q3 24
$-5.2M
Q2 24
$-4.4M
Free Cash Flow
ASTS
ASTS
TBPH
TBPH
Q1 26
Q4 25
$-330.7M
Q3 25
$-302.9M
Q2 25
Q1 25
Q4 24
$-1.1M
Q3 24
$-5.2M
Q2 24
$-4.5M
FCF Margin
ASTS
ASTS
TBPH
TBPH
Q1 26
Q4 25
-609.0%
Q3 25
-2055.0%
Q2 25
Q1 25
Q4 24
-5.8%
Q3 24
-30.9%
Q2 24
-31.2%
Capex Intensity
ASTS
ASTS
TBPH
TBPH
Q1 26
Q4 25
728.7%
Q3 25
1617.6%
0.0%
Q2 25
Q1 25
Q4 24
1.0%
Q3 24
0.1%
Q2 24
0.3%
Cash Conversion
ASTS
ASTS
TBPH
TBPH
Q1 26
Q4 25
-0.10×
Q3 25
-1.80×
Q2 25
3.79×
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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