Skip to content
MARKETS / NASDAQ / ASTI
NASDAQ · SEMICONDUCTORS & RELATED DEVICES · SMALL CAP

Ascent Solar Technologies, Inc. ASTI

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$76,773
▲ 83.3% YoY
$-7.8M
$-6.9M
In brief

What this company does

Ascent Solar Technologies, Inc. ("Ascent") is a solar technology company that manufactures and sells photovoltaic ("PV") solar modules that are flexible, durable, and possess attractive power to weight and power to area performance. Ascent's technology provides renewable power solutions to high-value production and specialty solar markets where traditional rigid solar panels are not suitable, including space power beaming, aerospace, satellites, near earth orbiting vehicles, fixed wing unmanned aerial vehicles ("UAV"), aquatic, terrestrial, and other weight-sensitive markets. The Company manufactures its products by affixing a thin CIGS layer to a flexible, plastic substrate using a large format, roll-to-roll process that permits it to fabricate flexible PV modules in an integrated sequential operation. The Company believes it is the only company in the world currently focused on commercial scale production of PV modules using CIGS on a flexible, plastic substrate with monolithic integration. The Company's technology was initially developed at ITN beginning in 1994, and in early 2006 ITN assigned to the Company certain CIGS PV-specific technologies and granted a perpetual, exclusive, royalty free, worldwide license to use these technologies in connection with the manufacture, development, marketing and commercialization of CIGS PV to produce solar power. The Company was formed in October 2005 from the separation by ITN of its Advanced Photovoltaic Division and all of that division's key personnel and core technologies.

Written from the business description in Ascent Solar Technologies, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 20 March 2026. Every sentence was checked against that document before publication.

Growth
USD 76,773.00
Revenue, FY2025 · full 19-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.1 · Net income -7.8
-40M-80M2007201020132016201920222025
Compound annual growth
−60.3%
+2.9%
−35.9%
−20.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−10202 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -10256.7% · Net -10202.5%
1000%2000%-10000%-20000%2007201020132016201920222025
ROE
FY2025 · ROE -233.2%
-500%2007201020132016201920222025
Gross margin-155.7%
Operating margin-10256.7%
Net margin-10202.5%
Return on assets-116.2%
EBITDAUSD -7.8M

Each USD of equity lost 233 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -6.9
-20M2007201020132016201920222025

Total assetsUSD 6.3M
EquityUSD 3.3M
CashUSD 2.8M
Current ratio1.53×

Equity funds 53% of total assets.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0··
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0········
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0········
Income tax $B0.0··················
Net income $B−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0·−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0··
EPS, diluted $−3.09−10.38−3419.00−132.00−1.540.32−0.00−0.69−3.15−0.42−0.86−4.85−6.61−0.66−3.02−1.14−0.93··
Dividend / sh $···················
Payout %···················
ROE %−233.2−985.3········−894.2−375.4−121.3−68.3−107.6−20.8−14.2−14.0−13.4
Shares out B0.000.000.000.000.000.004.760.060.010.550.010.020.010.050.040.03···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 68 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 19 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySemiconductors & Related Devices
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2007

Share this section

Download image