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AST SpaceMobile, Inc. (ASTS)

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AST SpaceMobile, Inc. (ASTS) reported revenue of $32 million for Q2 FY2026, the quarter ended 30 June 2026, up 2626.6% on the same quarter a year earlier. Net income was -$231 million, and diluted earnings per share $-0.77. The figures are the company's own, from the 10-Q it filed with the SEC on 10 August 2026.

Revenue$32 millionup 2626.6%
Net income-$231 million
Diluted EPS$-0.77
QuarterQ2 FY2026ended 30 June 2026

AST SpaceMobile (ASTS) in brief

AST SpaceMobile (ASTS) reported revenue of $71 million for fiscal 2025, the year ended 31 December 2025, up 1505.2% on the year before.
Read moreNet loss was $342 million and the diluted loss per share $1.34. Revenue was $4 million in fiscal 2024, $0 million in fiscal 2023, $14 million in fiscal 2022 and $12 million in fiscal 2021. Net income in the same years was a loss of $300 million, a loss of $88 million, a loss of $32 million and a loss of $31 million. Over the twelve months to 30 June 2026, AST SpaceMobile reported revenue of $115 million and net loss of $619 million. Revenue grew 64.1% a year, compounded, over the five years to fiscal 2025. At 30 June 2026 it carried $3.0 billion of debt and $2.3 billion of cash. At the close of 27 October 2026 the market cap of AST SpaceMobile was $12.6 billion.

Ratios

From the filings

ROE-25.8%
ROCEn/a
Operating marginn/a
Net margin-536.7%
FCF margin-1,420.7%
Interest covern/a
Debt to equity1.24
Cash conversionn/a
Share count, last 12 months23.6%
Sales CAGR, 3 years72.5%
Profit CAGR, 3 yearsn/a
EPS, TTM-$2.14

At the close of 27 October 2026

Price$41.97
Market cap$12.6 billion
Stock P/En/a
Price to book5.24
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales108.86
52-week high$133.09
52-week low$38.78
Price, 1 year-47.2%
Price CAGR, 3 years139.6%
Price CAGR, 5 years30.3%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as AST SpaceMobile, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ASTSgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ASTS

Dividendsno dividend in its filings for fiscal 2020 onward
Filings29 in twelve months: 19 current reports (8-K), about 9 other events; 8 regulation FD disclosure; 6 results of operations; 5 new financial obligation; 4 officer or director change
Planned insider sales16 Form 144 notices in twelve months, $381.6 million; latest 16 September 2026
Options tapeput/call 0.55 by open interest at the 27 October 2026 close; the straddle prices a 7.0% move to 30 October 2026
13F holders757 funds reported a position for the quarter to 30 June 2026; largest Rakuten Group, Inc.
Insider trading16 sales and 8 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest65.9 million shares short, 3.18 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 6 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022 †Q2 FY2022Q3 FY2022 †Q4 FY2022 * †Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2.56.22.47.34.2-0.00.00.00.00.00.50.91.11.90.71.214.754.314.731.5
Cost of revenue2.13.52.02.22.50.00.00.00.00.0n/an/an/an/a0.00.0n/an/a11.623.6
Gross profit0.32.80.45.11.6-0.00.00.00.00.0n/an/an/an/a0.71.2n/an/a3.18.0
Gross margin14%45%17%70%39%n/an/an/an/an/an/an/an/an/a100%100%n/an/a21%25%
R&D4.99.28.39.113.514.716.410.99.410.84.34.514.75.37.16.45.59.17.17.8
Operating income-22.8-28.5-32.3-30.3-40.5-42.6-44.5-58.1-59.0-60.9-55.5n/an/a-58.7-63.0-72.8n/an/a-161-321
Operating margin-929%-457%-1351%-418%-971%n/an/an/an/an/a-11100%n/an/a-3092%-8769%-6297%n/an/a-1093%-1019%
Interest expensen/an/an/an/an/an/an/a0.11.4n/a4.44.95.44.04.75.75.715.721.723.6
Pre-tax income16.8-12.6-37.8-8.0-31.5-25.2-45.1-50.4-50.5-75.0-39.5-131-302-51.9-63.5-135-163-95.0-248-299
Tax rate-0%n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Net income4.1-3.1-10.7-2.9-9.8-8.2-16.3-18.4-20.9-31.9-19.7-72.5-172-35.9-45.7-99.4-123-74.0-191-231
Net margin168%-50%-448%-40%-234%n/an/an/an/an/a-3946%-8061%-15631%-1887%-6366%-8598%-834%-136%-1296%-733%
Diluted EPS$0.07n/a-$0.21-$0.06-$0.18-$0.13-$0.23-$0.24-$0.23-$0.35-$0.16-$0.51-$1.10-$0.18-$0.20-$0.41-$0.45-$0.26-$0.66-$0.77
Operating cash flow-20.2-21.5-47.5-41.0-32.9-35.0-37.7-50.3-36.1-24.9-48.1-16.2-33.4-28.4-28.5-43.5-64.565.0-48.1-97.2
Capital expenditure4.33.84.77.58.59.615.47.773.522.339.622.230.382.0120310238396262598
Free cash flow-24.5-25.3-52.2-48.5-41.4-44.7-53.1-58.0-110-47.2-87.7-38.4-63.8-110-149-354-303-331-310-695
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 6 fiscal years and the trailing twelve months

FY2020FY2021 †FY2022 †FY2023FY2024 †FY2025TTM
Revenue6.012.413.80.04.470.9115
Cost of revenue3.07.66.70.00.035.2n/a
Gross profit2.94.87.10.04.435.7n/a
Gross margin49.3%39.0%51.4%n/a100.0%50.3%n/a
Research and development1.023.445.647.528.828.129.5
Operating income-24.4-86.7-152-222-243-323n/a
Operating margin-408.2%-699.3%-1102.9%n/a-5494.8%-455.4%n/a
Interest expensen/an/a0.24.518.731.866.7
Pre-tax income-24.3-72.9-102-221-525-457-806
Income tax0.10.30.61.71.33.95.3
Net income-24.1-30.6-31.6-87.6-300-342-619
Net margin-403.2%-246.3%-228.9%n/a-6792.3%-482.2%-536.7%
Diluted EPSn/a-$0.37-$0.58-$1.07-$1.94-$1.34-$2.14
Filing10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
Product0.544.462.6%
Service3.926.537.4%
ProductService
4.4FY202470.9FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2020FY2021 †FY2022 †FY2023FY2024 †FY2025TTM
Operating cash flow-22.8-80.1-156-149-126-71.5-145
Capital expenditure8.115.157.31191741,0651,493
Free cash flow-30.9-95.2-214-268-300-1,136-1,638
Free cash flow margin-518.4%-767.2%-1546.1%n/a-6796.5%-1602.2%-1420.7%
Cash from investing-30.4-54.8-31.4-119-174-1,541-2,090
Cash from financing69.74171021177803,8274,020
Depreciation and amortisation0.92.94.754.563.351.166.7
Share-based compensation0.33.79.413.332.047.5148
Diluted shares, weightedn/an/a54m82m155m256m299m
Filing10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020FY2021 †FY2022 †FY2023FY2024 †FY2025TTM
Funded by
Shareholders' equity80.03523602146692,3922,398
Debt0.05.04.859.51582,2202,972
Operating lease liabilities6.57.57.011.912.717.518.1
Other liabilities13.179.466.775.9114385467
Total liabilities and equity99.64444383619555,0145,855
Owned
Fixed assets37.195.91462383381,3992,069
Goodwill3.93.60.0n/an/an/an/a
Intangible assets0.50.2n/an/an/an/an/a
Investmentsn/a31523169.75102,0002,300
Cash and equivalents42.832223985.65652,3362,288
Receivables2.12.20.0n/a1.437.779.3
Inventory2.61.40.0n/a1.112.028.4
Other assets10.7n/an/an/an/an/an/a
Total assets99.64444383619555,0145,855
Filing10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a64.1%72.5%2265.6%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-23.5%-33.4%-14.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was AST SpaceMobile's revenue in fiscal 2025?

AST SpaceMobile (ASTS) reported revenue of $71 million for fiscal 2025, the year ended 31 December 2025, up 1505.2% on the year before.

How much did AST SpaceMobile earn in fiscal 2025?

Net loss was $342 million for fiscal 2025, and the diluted loss per share $1.34.

What is AST SpaceMobile's market cap?

The market cap of AST SpaceMobile was $12.6 billion at the close of 27 October 2026.

How much debt does AST SpaceMobile have?

At 30 June 2026 AST SpaceMobile carried $3.0 billion of debt and $2.3 billion of cash.

Peers: Communication

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
EchoStar Corp. ECHO$31.8 billionn/a-40.1%-112.7%-5.2%1.23n/a
Fox Corp. FOXA$28.3 billion16.8014.5%n/a5.1%0.57n/a
Fox Corp. FOX$25.2 billion14.9614.5%n/a5.1%0.57n/a
Roku, Inc. ROKU$23.2 billion66.9512.6%5.2%18.5%0.00n/a
Tencent Music Entertainment Group TME *$13.4 billionn/a13.8%40.6%15.8%0.042.1%
Charter Communications, Inc. CHTR$12.7 billion2.7229.0%23.3%-1.5%5.54n/a
AST SpaceMobile, Inc. ASTS$12.6 billionn/a-25.8%n/a2,265.6%1.24n/a
Viasat Inc. VSAT$9.7 billionn/a-0.6%2.4%1.3%1.25n/a
Sirius XM Holdings Inc. SIRI$9.2 billion10.747.4%19.1%0.4%0.794.0%
Iridium Communications Inc. IRDM$4.8 billion30.2428.3%19.0%3.6%3.711.3%
Calix, Inc. CALX$2.4 billion51.777.2%5.5%27.8%0.000.0%
Cogent Communications Holdings, Inc. CCOI$383 millionn/an/a8.0%-4.5%n/a14.4%
All 30 in Communication
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Verizon Communications Inc. VZ$182.5 billion11.4415.4%20.5%1.4%1.576.4%
T-Mobile US, Inc. TMUS$157.7 billion15.3618.8%19.8%9.7%1.502.8%
AT&T Inc. T$141.1 billion11.3210.7%18.3%3.5%1.305.3%
Spotify Technology S.A. SPOT *$114.3 billion47.1726.6%12.8%9.7%0.18n/a
Comcast Corp. CMCSA$77.8 billion6.9112.2%14.7%-0.3%0.946.0%
Chunghwa Telecom Co. Ltd. CHT *$37.6 billion31.7010.1%20.6%2.7%0.073.3%
Vodafone Group Public Limited Company VOD *$36.3 billionn/a-0.8%7.0%8.0%1.043.5%
EchoStar Corp. ECHO$31.8 billionn/a-40.1%-112.7%-5.2%1.23n/a
Fox Corp. FOXA$28.3 billion16.8014.5%n/a5.1%0.57n/a
Fox Corp. FOX$25.2 billion14.9614.5%n/a5.1%0.57n/a
Roku, Inc. ROKU$23.2 billion66.9512.6%5.2%18.5%0.00n/a
Tencent Music Entertainment Group TME *$13.4 billionn/a13.8%40.6%15.8%0.042.1%
Charter Communications, Inc. CHTR$12.7 billion2.7229.0%23.3%-1.5%5.54n/a
AST SpaceMobile, Inc. ASTS$12.6 billionn/a-25.8%n/a2,265.6%1.24n/a
Viasat Inc. VSAT$9.7 billionn/a-0.6%2.4%1.3%1.25n/a
Sirius XM Holdings Inc. SIRI$9.2 billion10.747.4%19.1%0.4%0.794.0%
Nexstar Media Group, Inc. NXST$5.1 billion31.908.3%17.8%10.5%5.184.5%
Iridium Communications Inc. IRDM$4.8 billion30.2428.3%19.0%3.6%3.711.3%
Lumen Technologies, Inc. LUMN$4.8 billionn/an/a1.7%-7.7%n/a0.0%
Versant Media Group, Inc. VSNT$4.4 billionn/an/an/an/a0.36n/a
Telephone & Data Systems Inc. TDS$4.1 billionn/an/an/an/a0.130.4%
Liberty Global Ltd. LBTYA$2.7 billionn/a-32.9%-1.8%5.4%0.90n/a
Adeia Inc. ADEA$2.5 billion21.0025.7%41.6%24.3%0.810.9%
Calix, Inc. CALX$2.4 billion51.777.2%5.5%27.8%0.000.0%
Ziff Davis, Inc. ZD$2.0 billion3.2228.8%5.5%-8.5%0.390.0%
Anterix Inc. ATEX$1.7 billion24.5423.0%1,011.3%18.9%0.00n/a
Uniti Group Inc. UNIT$1.2 billion1.87666.9%3.2%n/a65.860.0%
Liberty Capital Corp. GLIBA$847 millionn/a-19.4%-38.3%n/a0.70n/a
Shenandoah Telecommunications Co. SHEN$555 millionn/a-4.6%-5.3%5.0%0.851.1%
Cogent Communications Holdings, Inc. CCOI$383 millionn/an/a8.0%-4.5%n/a14.4%
5 companies share its SEC industry code (Communications Services, Nec); the rest are the names nearest in size in its wider industry, Communication, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202610 August 2026EDGAR
10-Q31 March 202611 May 2026EDGAR
10-K31 December 20252 March 2026EDGAR
10-Q30 September 202510 November 2025EDGAR
10-Q/A30 June 202512 September 2025EDGAR
10-Q30 June 202511 August 2025EDGAR
10-Q31 March 202512 May 2025EDGAR
10-K31 December 20243 March 2025EDGAR
10-Q30 September 202414 November 2024EDGAR
10-Q30 June 202414 August 2024EDGAR