• AST SpaceMobile average return on tangible equity for 2023 was -19.24, a 261.65% increase from 2022.
• AST SpaceMobile average return on tangible equity for 2022 was -5.32, a 92.55% increase from 2021.
• AST SpaceMobile average return on tangible equity for 2021 was -71.44, a 152.62% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.