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Financials · ASTS

AST SpaceMobile Inc. (ASTS) financials

For the twelve months ended Jun 30, 2026, AST SpaceMobile Inc. reported $115.30M of revenue and -$618.76M of net income.

Revenue, TTM
$115.30M
Revenue growth, YoY
+2256.9%
Net income, TTM
-$618.76M
Net margin
-536.7%
Free cash flow, TTM
-$1.64B
Cash
$2.29B
Total debt
$2.97B
P/S
101.93
Market cap
$11.75B
Annual revenue$70.92M
FY2020FY2025
Annual net income-$341.94M
FY2020FY2025
Annual free cash flow-$1.14B
FY2020FY2025

ASTS revenue and earnings growth

ASTS revenueQ2 2026$31.52M

Quarter YoY
27x
QoQ
+113.9%
FY YoY
16x
5Y CAGR
+64.1%

ASTS revenue was $31.52M in fiscal Q2 2026 (ended Jun 30, 2026), up about 27-fold from a year earlier and up 113.9% from the prior quarter. For the full fiscal 2025 it was $70.92M, up about 16-fold from fiscal 2024. Compound annual growth was +64.1% over 5 years. Fiscal 2025 is the highest of the 6 fiscal years on file.

ASTS net incomeQ2 2026-$230.91M

ASTS net income was -$230.91M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$99.39M a year earlier. For the full fiscal 2025 it was -$341.94M, compared with -$300.08M in fiscal 2024.

ASTS free cash flowQ2 2026-$694.77M

ASTS free cash flow was -$694.77M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$353.64M a year earlier. For the full fiscal 2025 it was -$1.14B, compared with -$300.27M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$70.92M$4.42M$0$13.82M$12.40M$5.97M
Cost of revenue--$0$6.71M$7.56M$3.02M
Gross profit--$0$7.11M$4.84M$2.94M
Research and development$28.11M$28.78M$47.49M$45.62M$23.44M$1.01M
Selling, general and admin$101.68M$61.57M$41.60M$48.33M$35.64M$12.32M
Operating income------$1.12M
Pre-tax income-$457.11M-$525.00M-$221.00M-$102.50M-$72.93M-$24.27M
Income tax$3.90M$1.33M$1.68M$617.0K$331.0K$131.0K
Net income-$341.94M-$300.08M-$87.56M-$31.64M-$30.55M-$24.06M
EPS, basic-----$0.37-$6.13
EPS, diluted-----$0.37-$6.13
Diluted shares256.0M154.5M81.8M-51.7M8.6M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$2.34B$564.99M$85.62M$238.59M$321.79M$42.78M
Short-term investments$2.00B$510.40M$69.70M$230.70M$314.70M-
Receivables$37.73M$1.40M-$0$2.17M$2.08M
Inventory$12.01M$1.06M-$0$1.41M$2.59M
Current assets$2.46B$600.25M$106.88M$268.31M$335.80M$50.93M
Goodwill---$0$3.64M$3.91M
Total assets$5.01B$954.56M$360.89M$438.37M$443.94M$99.64M
Current liabilities$150.34M$75.94M$46.22M$27.80M$21.38M$13.12M
Short-term debt$12.00M$2.92M$252.0K$242.0K$0-
Long-term debt$2.21B$155.57M$59.25M$4.76M$5.00M-
Total debt$2.22B$158.49M$59.50M$5.00M$5.00M-
Total liabilities$2.62B$285.42M$147.33M$78.55M$91.96M$19.66M
Shareholders' equity$2.39B$669.15M$213.56M$359.83M$351.97M$79.99M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow-$71.52M-$126.14M-$148.94M-$156.46M-$80.09M-$22.81M
Capital expenditures$1.06B$174.13M$118.81M$57.28M$15.08M$8.12M
Free cash flow-$1.14B-$300.27M-$267.75M-$213.75M-$95.17M-$30.93M
Investing cash flow-$1.54B-$174.13M-$118.81M-$31.35M-$54.79M-$30.40M
Financing cash flow$3.83B$779.97M$116.73M$102.34M$416.94M$69.66M
Stock-based compensation$47.49M$32.04M$13.29M$9.39M$3.74M$283.0K
Depreciation and amortization$51.11M$63.34M$54.47M$4.71M$2.91M$887.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY1505.2%--100.0%11.4%107.9%-
Gross margin---51.4%39.0%49.3%
Operating margin------18.8%
Net margin-482.2%-6792.3%--228.9%-246.3%-403.2%
Free cash flow margin-1602.2%-6796.5%--1546.1%-767.2%-518.4%
Return on equity-14.3%-44.8%-41.0%-8.8%-8.7%-30.1%
Return on assets-6.8%-31.4%-24.3%-7.2%-6.9%-24.1%
Current ratio16.357.902.319.6515.713.88
Debt to equity0.930.240.280.010.01-

Source: XBRL data AST SpaceMobile Inc. files with the SEC, latest filing dated Aug 10, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ASTS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ASTS$115.30M+2256.9%-$618.76M-536.7%$11.75B
VZ$139.39B+1.4%$16.42B11.8%$191.15B
TMUS$93.82B+9.3%$11.30B12.0%$170.11B
T$128.85B+3.5%$13.13B10.2%$146.99B
GLW$17.72B+18.8%$2.24B12.6%$89.09B
AMXMXN 943.64B+8.6%MXN 82.82B8.8%$75.57B
LITE$3.74B+103.2%-$6.58B-175.8%$46.23B
CHTNT$236.11B+2.7%NT$38.70B16.4%$37.90B
VOD€40.46B+8.0%-€397.00M-1.0%$36.91B

ASTS FAQ

7 questions
  • What is ASTS revenue?
    AST SpaceMobile Inc. (ASTS) reported $115.30M of revenue for the twelve months ended Jun 30, 2026. That is up 2256.9% from the year before. Revenue for fiscal 2025 was $70.92M.
  • Is ASTS profitable?
    No. AST SpaceMobile Inc. reported a net loss of $618.76M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does ASTS have?
    AST SpaceMobile Inc. reported $2.29B in cash and cash equivalents and $2.97B of debt on its most recent balance sheet in SEC filings.
  • How fast is ASTS revenue growing?
    AST SpaceMobile Inc.'s revenue changed 16x in fiscal 2025, to $70.92M. Its compound annual growth rate was +64.1% over 5 years.
  • What is ASTS free cash flow?
    AST SpaceMobile Inc. generated -$1.64B of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$144.71M less capital expenditures.
  • When did ASTS last report financial results?
    The latest statements here come from AST SpaceMobile Inc.'s 10-Q filed on Aug 10, 2026, covering the period ended Jun 30, 2026.
  • Where does this ASTS financial data come from?
    Quantisnow builds these statements from the structured XBRL data AST SpaceMobile Inc. files with the SEC. It is provided for information only and is not investment advice.