AST SpaceMobile, Inc.ASTSEarnings & Financial Report
AST SpaceMobile, Inc. is a publicly traded satellite designer and manufacturer based in Midland, Texas, United States. The company is building the SpaceMobile satellite constellation, a space-based cellular broadband network designed to connect directly to standard, unmodified smartphones. The network is intended to deliver 4G and 5G broadband coverage globally, particularly in remote and underserved regions.
ASTS Q4 2025 Key Financial Metrics
Revenue
$54.3M
Gross Profit
N/A
Operating Profit
$-95.0M
Net Profit
$-74.0M
Gross Margin
N/A
Operating Margin
-175.0%
Net Margin
-136.2%
YoY Growth
2758.2%
Financial Flow
AST SpaceMobile, Inc. Q4 2025 Financial Summary
AST SpaceMobile, Inc. reported revenue of $54.3M (up 2758.2% YoY) for Q4 2025, with a net profit of $-74.0M (down 106.3% YoY) (-136.2% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $54.3M |
|---|---|
| Net Profit | $-74.0M |
| Gross Margin | N/A |
| Operating Margin | -175.0% |
| Report Period | Q4 2025 |
Revenue Breakdown
AST SpaceMobile, Inc. Q4 2025 revenue of $54.3M breaks down across 3 segments, led by Products at $44.4M (81.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $44.4M | 81.7% |
| Other | $7.8M | 14.4% |
| Sat Co | $2.1M | 3.9% |
AST SpaceMobile, Inc. Annual Revenue by Year
AST SpaceMobile, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $70.9M). Click any linked year to see what changed vs the prior annual report.
AST SpaceMobile, Inc. Quarterly Revenue & Net Profit History
AST SpaceMobile, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $54.3M | +2758.2% | $-74.0M | -136.2% |
| Q3 2025 | $14.7M | +1239.9% | $-122.9M | -833.7% |
| Q2 2025 | $1.2M | +28.4% | $-99.4M | -8598.1% |
| Q1 2025 | $718.0K | +43.6% | $-45.7M | -6365.7% |
| Q4 2024 | $1.9M | — | $-35.9M | -1887.2% |
| Q3 2024 | $1.1M | — | $-171.9M | -15631.5% |
| Q2 2024 | $900.0K | — | $-72.5M | -8061.1% |
| Q1 2024 | $500.0K | -79.1% | $-19.7M | -3946.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $500000 | $900000 | $1.1M | $1.9M | $718000 | $1.2M | $14.7M | $54.3M |
| YoY Growth | -79.1% | N/A | N/A | N/A | 43.6% | 28.4% | 1239.9% | 2758.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $501.7M | $579.6M | $821.6M | $954.6M | $1.37B | $1.88B | $2.55B | $5.01B |
| Liabilities | $215.9M | $337.8M | $318.8M | $285.4M | $603.0M | $723.6M | $924.9M | $2.62B |
| Equity | $285.8M | $241.9M | $502.8M | $669.1M | $766.7M | $1.16B | $1.63B | $2.39B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-48.1M | $-16.2M | $-33.4M | $-28.4M | $-28.5M | $-43.5M | $-64.5M | $65.0M |