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Ascent Solar Technologies (ASTI) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 10, 2025

Ascent Solar Technologies (ASTI) reported revenue of $29K for the third quarter 2025 (Q3 2025), +234% from a year earlier and +68% from the quarter before.

Revenue$29K
Year over year+234%
Quarter over quarter+68%
Operating margin—
Net earnings−$2.0M

Ascent Solar Technologies, Q3 2025: revenue $29K (+234% year over year), net loss $2.0M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$29K+68%+234%
Operating profit−$2.0M——
Net earnings−$2.0M——
Operating cash flow−$1.7M——

What changed

Revenue was $29K in Q3 2025, up 234% year over year and up 68% from the previous quarter.

Operating costs exceeded revenue by $2.0M, an operating margin of -6892.3%. Total costs fell 12% while revenue rose 234%. The fastest-growing cost line was Cost of revenue (+16%). The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $2.1M loss.

Operating cash flow was −$1.7M. Non-cash charges added back $24K of depreciation and amortization and $259K of share-based compensation. Capital expenditures of $30K exceeded it, leaving free cash flow of −$1.8M.

Questions

What was Ascent Solar Technologies' revenue in the third quarter 2025?

Ascent Solar Technologies (ASTI) reported revenue of $29K for the third quarter 2025 (Q3 2025), +234% from a year earlier and +68% from the quarter before.

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Source: Ascent Solar Technologies 10-Q on SEC EDGAR.