Astroscale Holdings Inc. (186A) AI Stock Analysis

• Market Cap: ¥90.82B
• Dividend Yield: N/A
• Average Volume (3M): 2.83M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.38
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: JP
• Employees: 494
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): -9.23
• Shares Outstanding: 135,547,300
• 10 Day Avg. Volume: 3,844,200
• 30 Day Avg. Volume: 2,831,120
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥651.00
• Price Target Upside: -2.84% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 44 Neutral
• Price Target: ¥651.00 ▼(-2.84% Downside)

Astroscale Holdings Inc. is facing significant financial difficulties, with negative profitability and high leverage being the most impactful factors. The technical analysis indicates a bearish trend, and the valuation is unattractive due to a negative P/E ratio. These factors collectively result in a low overall stock score.

Astroscale Holdings Inc. Business Overview & Revenue Model

Company Description

Astroscale Holdings Inc. provides on-orbit service solutions. The company offers end of life solution for prepared removal of commercial LEO satellites; active debris removal for unprepared removal of large debris; life extension in geostationary orbit; and space situational awareness for object inspection of orbits. It also designs and develops the lunar dream capsule which gives people a chance to send their names into space. The company was founded in 2013 and is headquartered in Sumida, Japan.

How the Company Makes Money

Astroscale makes money through a combination of contracts, partnerships, and service agreements with government agencies, private satellite operators, and international organizations. The company generates revenue by providing satellite servicing solutions, including debris removal services and other end-of-life satellite management solutions. Key revenue streams include government contracts for space sustainability missions, commercial agreements with satellite operators needing deorbiting services, and potential licensing of its technology. Additionally, strategic partnerships with space agencies and industry players enhance its capabilities and market reach, contributing to its financial performance.

Astroscale Holdings Inc. Financial Statement Overview

Summary

Astroscale Holdings Inc. faces substantial financial difficulties across its financial statements. Despite some revenue growth, negative margins and cash flow issues point to operational and financial challenges. The balance sheet shows high leverage risk with limited profitability, necessitating strategic improvements.

Income Statement

Astroscale Holdings Inc. exhibits significant challenges in its income statement. The company has a negative gross profit margin, indicating that production costs exceed revenue. The net profit margin is also deeply negative, showing ongoing losses. Despite revenue growth from 2022 to 2024, the substantial negative EBIT and EBITDA margins highlight operational inefficiencies and a lack of profitability.

Balance Sheet

The balance sheet reveals a heavily leveraged position with a high debt-to-equity ratio, suggesting financial risk. The return on equity is negative due to persistent losses, indicating that shareholder capital is not generating profit. However, the equity ratio is positive, showing that a reasonable portion of the company's assets is financed by equity rather than debt, providing some financial stability.

Cash Flow

Cash flow analysis shows negative free cash flow growth, indicating increasing cash outflows over the years. The operating cash flow to net income ratio is negative, reflecting inefficiencies in converting sales into cash. Despite significant financing activities, the free cash flow to net income ratio remains negative, emphasizing ongoing cash flow challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	2.46B	2.46B	2.85B	1.79B	910.37M
Gross Profit	-3.88B	-3.88B	-2.75B	-5.57B	-1.97B
EBITDA	-17.60B	-17.76B	-7.99B	-8.70B	-5.36B
Net Income	-21.55B	-21.55B	-9.18B	-9.26B	-5.48B
Balance Sheet
Total Assets	33.63B	33.63B	24.99B	30.44B	20.13B
Cash, Cash Equivalents and Short-Term Investments	21.30B	21.30B	14.20B	22.68B	16.87B
Total Debt	13.93B	13.93B	13.18B	9.73B	2.50B
Total Liabilities	27.50B	27.50B	19.59B	15.55B	6.03B
Stockholders Equity	6.13B	6.13B	5.40B	14.89B	14.09B
Cash Flow
Free Cash Flow	-12.83B	-12.95B	-13.99B	-9.48B	-6.01B
Operating Cash Flow	-12.25B	-12.25B	-12.82B	-7.94B	-5.50B
Investing Cash Flow	-1.04B	-1.04B	-1.18B	-1.63B	-662.66M
Financing Cash Flow	20.82B	20.82B	4.15B	15.23B	13.79B

Astroscale Holdings Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 670.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:186A, the sentiment is Negative. The current price of 670 is below the 20-day moving average (MA) of 683.25, below the 50-day MA of 685.08, and below the 200-day MA of 714.82, indicating a bearish trend. The MACD of 0.30 indicates Positive momentum. The RSI at 46.14 is Neutral, neither overbought nor oversold. The STOCH value of 22.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:186A.

Astroscale Holdings Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6364	75 Outperform	57.31B	12.64	11.78%	2.87%	2.79%	-14.83%
6381	74 Outperform	63.87B	15.37	9.13%	2.80%	0.52%	-8.88%
6237	69 Neutral	58.49B	13.44	11.79%	2.36%	2.55%	1.34%
6420	68 Neutral	156.83B	12.37	―	1.99%	13.93%	-1.88%
6363	66 Neutral	55.10B	22.58	7.26%	2.86%	9.31%	-62.88%
186A	44 Neutral	¥90.82B	―	―	―	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Astroscale Holdings Inc. Corporate Events

Astroscale Reports Increased Revenue Amidst Continued Financial Challenges

Astroscale Holdings Inc. reported its consolidated financial results for the three months ending July 31, 2025, showing a significant increase in revenue compared to the previous year. Despite the rise in revenue, the company continues to face challenges with operating and pre-tax losses, indicating ongoing financial hurdles in its operations.

The most recent analyst rating on (JP:186A) stock is a Hold with a Yen687.00 price target. To see the full list of analyst forecasts on Astroscale Holdings Inc. stock, see the JP:186A Stock Forecast page.

Astroscale Restructures Subsidiary’s Finances with Debt-to-Equity Swap

Astroscale Holdings Inc. has announced a financial restructuring for its subsidiary, Astroscale Japan Inc., involving a waiver of claims and a debt-to-equity swap to strengthen the subsidiary’s financial position. This move will result in an extraordinary loss for Astroscale Holdings and an extraordinary gain for the subsidiary, with no impact on the consolidated financial results.

The most recent analyst rating on (JP:186A) stock is a Hold with a Yen687.00 price target. To see the full list of analyst forecasts on Astroscale Holdings Inc. stock, see the JP:186A Stock Forecast page.

Astroscale Records Significant Foreign Exchange Gain

Astroscale Holdings Inc. reported a foreign exchange gain of ¥1,321 million for the three months ending July 31, 2025, due to currency fluctuations. This gain, primarily from the revaluation of foreign currency assets and loans, positively impacts the company’s financial results, reflecting its strategic financial management amidst volatile currency markets.

The most recent analyst rating on (JP:186A) stock is a Hold with a Yen687.00 price target. To see the full list of analyst forecasts on Astroscale Holdings Inc. stock, see the JP:186A Stock Forecast page.

Astroscale Secures Contract for Satellite Refueling Technology Development

Astroscale Holdings Inc. announced that its Japanese subsidiary, Astroscale Japan, has secured a contract with the Japan Science and Technology Agency to develop refueling technology for satellites under the REFLEX-J project. This initiative is part of the company’s strategic focus on capturing the growing demand for satellite life extension services, which could enhance its industry positioning by demonstrating advanced refueling capabilities in low Earth orbit and potentially expanding to geostationary orbit and international markets.

The most recent analyst rating on (JP:186A) stock is a Hold with a Yen665.00 price target. To see the full list of analyst forecasts on Astroscale Holdings Inc. stock, see the JP:186A Stock Forecast page.

Astroscale Announces Financial Restructuring to Address Earnings Deficit

Astroscale Holdings Inc. has announced a strategic financial restructuring to address a significant deficit in retained earnings. The company plans to reduce its capital and legal capital surplus, reallocating these funds to strengthen its financial foundation without impacting its net assets or share count. This move is intended to stabilize the company’s financial position and is subject to shareholder approval at the upcoming annual meeting.

Astroscale Secures Contract Extension for UK Regulatory Sandbox Project

Astroscale Holdings Inc. announced an extension and increase in the contract amount for its UK subsidiary’s Regulatory Sandbox project, awarded by the UK Government’s Department for Science, Innovation and Technology. This project, in collaboration with D-Orbit Ltd and ClearSpace Today Ltd, aims to support regulators in understanding emerging Rendezvous and Proximity Operations technologies. The contract extension will allow for deeper exploration into mission authorization and expand the study’s scope to include GEO-focused missions, although the financial impact on the company’s performance is expected to be minimal.

Astroscale U.S. Secures $8.7 Million Defense Contract

Astroscale Holdings Inc.’s U.S. subsidiary has secured a new $8.7 million contract with the Air Force Research Laboratory for a program focused on Autonomous Rendezvous, Proximity Operations, and Docking. This contract is expected to influence the company’s financial results for the fiscal year ending April 2026, with further details to be disclosed in future earnings reports.