ASTINasdaqSemiconductors & Related DevicesFiscal year ends December 31
Ascent Solar Technologies, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$1.83−0.02 (-1.08%)
Close on Oct 19, 2026
- Market cap
- $17.54M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
-155.7%+6.4 pts over 5 years
Operating margin
-10256.7%−6571.9 pts over 5 years
Net margin
-10202.5%−12630.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +83.3% | -60.3% | +2.9% | -35.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 680.9% | -7.1% | -233.2% | |
| Return on assets | -255.9% | 24.9% | -116.2% | |
| Current ratio | 0.23 | 0.09 | 1.53 | |
| Debt to equity | -0.39 | – | – | |
| Net debt to EBITDA | -0.26× | – | – | |
| Interest coverage | – | -5.6× | – | |
| Inventory turnover | – | 0.3× | 0.4× | |
| Capex to revenue | 3.0% | – | 41.7% | |
| Diluted shares | 0M | 0M | 3M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ascent Solar Technologies generated $44.78M from operations and spent $4.34M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$44.78M
Used
$4.34M
Capital expenditure$4.34M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-10202.5%
×Asset turnover0.01×
×Equity multiplier2.01×
=Return on equity, FY2025-233.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -10202.5% | 0.01× | 2.01× | -233.2% |
| FY2024 | -21794.3% | 0.01× | 7.25× | -985.3% |
| FY2023 | -3724.9% | 0.04× | -39.81× | 5442.2% |
| FY2022 | -1615.5% | 0.08× | -16.30× | 2042.6% |
| FY2021 | -987.2% | 0.06× | -0.88× | 52.1% |
| FY2020 | 2428.1% | 0.01× | -0.29× | -7.1% |
| FY2019 | -762.6% | 0.11× | -0.25× | 20.4% |
| FY2018 | -1859.5% | 0.12× | -0.37× | 84.8% |
| FY2017 | -2890.2% | 0.07× | -0.66× | 127.2% |
| FY2016 | -2223.4% | 0.12× | -2.66× | 680.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$7.83M
- Cash generatingOperating cash flow above zero-$6.90M
- Return on assets improvedROA up on the prior year-145.0% → -109.6%
- Earnings backed by cashOperating cash flow above net income-$6.90M vs -$7.83M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.63 → 1.53
- No dilutionShare count did not rise1M → 3M
- Gross margin improvedGross margin up on the prior year-254.18% → -155.73%
- More efficientAsset turnover rose0.01 → 0.01