AST SpaceMobile Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), AST SpaceMobile Inc reported revenue of $70.9M (+1505.2% year on year) and net income of ($341.9M) (-13.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $70.9M | $4.4M | $0 | $13.8M |
| Cost of revenues | $35.2M | — | $0 | $6.7M |
| Engineering services costs | $142.5M | $93.5M | $78.8M | $54.2M |
| General and administrative costs | $101.7M | $61.6M | $41.6M | $48.3M |
| Research and development costs | $28.1M | $28.8M | $47.5M | $45.6M |
| Depreciation and amortization | $51.1M | $63.3M | $54.5M | $4.7M |
| Total operating expenses | $358.6M | $247.2M | $222.4M | $152.9M |
| (Loss) gain on remeasurement of warrant liabilities | ($68.2M) | ($268.6M) | $9.0M | $19.1M |
| Interest expense | ($36.1M) | ($18.7M) | — | — |
| Interest income | $49.2M | $14.2M | — | — |
| Other (expense) income, net | ($114.4M) | $1.9M | ($10.3M) | $24.2M |
| Loss on extinguishment of debt | $0 | ($11.0M) | — | — |
| Total other (expense) income, net | ($169.4M) | ($282.2M) | $1.4M | $43.3M |
| Loss before income tax expense | ($457.1M) | ($525.0M) | ($221.0M) | ($102.5M) |
| Income tax expense | ($3.9M) | ($1.3M) | ($1.7M) | $617.0K |
| Net loss before allocation to noncontrolling interest | ($461.0M) | ($526.3M) | ($222.7M) | ($103.1M) |
| Net loss attributable to noncontrolling interest | ($119.1M) | ($226.2M) | ($135.1M) | ($71.5M) |
| Net loss attributable to common stockholders | ($341.9M) | ($300.1M) | ($87.6M) | ($31.6M) |
| Basic | -$1.34 | -$1.94 | -$1.07 | -$0.58 |
| Diluted | -$1.34 | -$1.94 | -$1.07 | -$0.58 |
| Weighted-average number of shares outstanding - basic | 256.0M | 154.5M | 81.8M | 54.4M |
| Weighted-average number of shares outstanding - diluted | 256.0M | 154.5M | 81.8M | 54.4M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenues | $31.5M | $14.7M | $14.7M | $1.2M |
| Cost of revenues | $23.6M | $11.6M | — | — |
| Engineering services costs | $87.3M | $84.1M | $40.8M | $28.6M |
| General and administrative costs | $63.9M | $43.7M | $29.8M | $27.2M |
| Research and development costs | $7.8M | $7.1M | $5.5M | $6.4M |
| Depreciation and amortization | $20.7M | $17.6M | $12.7M | $11.7M |
| Loss on involuntary conversion | $125.9M | — | — | — |
| Total operating expenses | $329.1M | $164.1M | $94.4M | $74.0M |
| Loss on remeasurement of warrant liabilities | $0 | ($1.2M) | $2.9M | ($65.0M) |
| Interest expense | ($26.1M) | ($24.3M) | ($7.5M) | ($5.7M) |
| Interest income | $27.7M | $27.0M | $12.2M | $8.0M |
| Other (expense) income, net | ($2.9M) | ($100.5M) | ($91.4M) | $308.0K |
| Total other (expense) income, net | ($1.2M) | ($99.0M) | ($83.8M) | ($62.4M) |
| Loss before income tax expense | ($298.8M) | ($248.4M) | ($163.5M) | ($135.2M) |
| Income tax expense | ($1.1M) | ($1.2M) | ($374.0K) | ($742.0K) |
| Net loss before allocation to noncontrolling interest | ($299.9M) | ($249.6M) | ($163.8M) | ($135.9M) |
| Net loss attributable to noncontrolling interest | ($69.0M) | ($58.6M) | ($41.0M) | ($36.5M) |
| Net loss attributable to common stockholders | ($230.9M) | ($191.0M) | ($122.9M) | ($99.4M) |
| Basic | -$0.77 | -$0.66 | -$0.45 | -$0.41 |
| Diluted | -$0.77 | -$0.66 | -$0.45 | -$0.41 |
| Weighted-average number of shares outstanding - basic | 299.1M | 290.7M | 272.8M | 242.0M |
| Weighted-average number of shares outstanding - diluted | 299.1M | 290.7M | 272.8M | 242.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $2.3B | $565.0M | $85.6M | $238.6M |
| Restricted cash | $877.0K | $2.5M | $2.5M | $668.0K |
| Accounts receivable, net (includes related party accounts receivable of $2,091 and $0 at December 31, 2025 and 2024, respectively) | $37.7M | — | — | $0 |
| Inventory | $12.0M | — | — | $0 |
| Prepaid expenses | $12.0M | $7.9M | $4.6M | $4.1M |
| Other current assets | $60.3M | $24.8M | $14.2M | $25.0M |
| Total current assets | $2.5B | $600.2M | $106.9M | $268.3M |
| Restricted cash | $443.4M | — | — | — |
| Property and equipment, net | $1.4B | $337.7M | $238.5M | $53.9M |
| Intangible assets, net | $245.1M | — | — | — |
| Operating lease right-of-use assets, net | $19.4M | $14.0M | $13.2M | $7.7M |
| Other non-current assets (includes related party loan receivable of $18,187 and $0 at December 31, 2025 and 2024, respectively) | $449.2M | $2.6M | $2.3M | $16.4M |
| TOTAL ASSETS | $5.0B | $954.6M | $360.9M | $438.4M |
| Accounts payable | $46.8M | $17.0M | $20.6M | $13.9M |
| Accrued expenses and other current liabilities | $69.2M | $12.2M | $23.9M | $13.1M |
| Current contract liabilities | $19.9M | — | — | $0 |
| Current operating lease liabilities | $2.4M | $1.9M | $1.5M | $722.0K |
| Current portion of long-term debt | $12.0M | $2.9M | $252.0K | — |
| Total current liabilities | $150.3M | $75.9M | $46.2M | $27.8M |
| Warrant liabilities | $7.5M | $41.2M | $30.0M | $38.9M |
| Non-current operating lease liabilities | $17.5M | $12.7M | $11.9M | $7.0M |
| Non-current contract liabilities | $207.1M | — | — | — |
| Long-term debt, net | $2.2B | $155.6M | $59.3M | $4.8M |
| Other non-current liabilities | $32.1M | — | — | — |
| Total liabilities | $2.6B | $285.4M | $147.3M | $78.5M |
| Common stock value | $39.0K | $32.0K | $22.0K | $20.0K |
| Additional paid-in capital | $2.7B | $969.0M | $288.4M | $235.4M |
| Accumulated other comprehensive income (loss) | $1.4M | ($176.0K) | $227.0K | $229.0K |
| Accumulated deficit | ($831.7M) | ($489.7M) | ($189.7M) | ($102.1M) |
| Noncontrolling interest | $550.9M | $190.0M | $114.6M | $226.3M |
| Total stockholders' equity | $2.4B | $669.1M | $213.6M | $359.8M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $5.0B | $954.6M | $360.9M | $438.4M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $2.3B | $3.0B | $1.2B | $923.6M |
| Restricted cash | $6.2M | $873.0K | $15.8M | $15.8M |
| Accounts receivable, net (includes related party accounts receivable of $4,370 and $2,091 at June 30, 2026 and December 31 2025, respectively) | $79.3M | $27.5M | $11.5M | — |
| Inventory | $28.4M | $16.8M | $10.9M | — |
| Prepaid expenses | $16.7M | $10.7M | $9.3M | $10.2M |
| Other current assets | $74.7M | $67.3M | $25.2M | $23.6M |
| Total current assets | $2.5B | $3.2B | $1.3B | $973.2M |
| Restricted cash | $428.4M | $428.4M | — | — |
| Property and equipment, net | $2.1B | $1.6B | $1.0B | $761.6M |
| Intangible assets, net | $298.7M | $267.7M | $213.8M | — |
| Operating lease right-of-use assets, net | $21.2M | $19.3M | $15.5M | $15.0M |
| Other non-current assets (includes related party loan receivable of $18,785 and $18,187 at June 30, 2026 and December 31, 2025, respectively) | $543.6M | $544.9M | $36.8M | $131.5M |
| TOTAL ASSETS | $5.9B | $6.1B | $2.6B | $1.9B |
| Accounts payable | $60.6M | $60.9M | $50.7M | $22.7M |
| Accrued expenses and other current liabilities | $103.3M | $72.7M | $48.7M | $42.7M |
| Current contract liabilities | $14.8M | $25.9M | $23.1M | — |
| Current operating lease liabilities | $3.7M | $3.0M | $2.1M | $2.2M |
| Current portion of long-term debt | $8.5M | $8.2M | $8.9M | $7.6M |
| Total current liabilities | $191.0M | $170.7M | $133.6M | $118.3M |
| Warrant liabilities | $0 | $0 | $4.6M | $109.5M |
| Non-current operating lease liabilities | $18.1M | $16.8M | $13.8M | $13.3M |
| Non-current contract liabilities | $252.1M | $207.1M | $43.5M | — |
| Long-term debt, net | $3.0B | $3.0B | $697.6M | $482.5M |
| Other non-current liabilities | $32.7M | $32.4M | $31.8M | — |
| Total liabilities | $3.5B | $3.4B | $924.9M | $723.6M |
| Common stock value | $38.0K | $38.0K | $38.0K | $36.0K |
| Additional paid-in capital | $3.1B | $3.1B | $2.0B | $1.5B |
| Accumulated other comprehensive income | $1.5M | $1.1M | $1.2M | $1.1M |
| Accumulated deficit | ($1.3B) | ($1.0B) | ($757.7M) | ($634.8M) |
| Noncontrolling interest | $503.6M | $581.5M | $385.6M | $290.4M |
| Total stockholders' equity | $2.4B | $2.7B | $1.6B | $1.2B |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $5.9B | $6.1B | $2.6B | $1.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net loss before allocation to noncontrolling interest | ($461.0M) | ($526.3M) | ($222.7M) | ($103.1M) |
| Depreciation and amortization | $51.1M | $63.3M | $54.5M | $4.7M |
| Amortization of debt issuance costs | $2.7M | $3.7M | $1.2M | — |
| Amortization of debt commitment fee | $4.0M | — | — | — |
| Write off of unamortized debt issuance costs | $0 | $5.5M | — | — |
| Loss on disposal/sale of property and equipment | $4.6M | $2.2M | $110.0K | $305.0K |
| Induced conversion expense on convertible notes | $99.7M | — | — | — |
| Loss (gain) on remeasurement of warrant liabilities | $68.2M | $268.6M | ($9.0M) | ($19.1M) |
| Stock-based compensation | $47.5M | $32.0M | $13.3M | $9.4M |
| Non-cash interest expense | $1.4M | — | — | — |
| Non-cash interest income | ($564.0K) | — | — | — |
| Loss from equity method investment | $1.2M | — | — | — |
| Accounts receivable | ($36.3M) | $0 | $0 | ($2.0M) |
| Prepaid expenses and other current assets | ($27.6M) | ($14.0M) | $12.1M | ($24.6M) |
| Inventory | ($10.9M) | $0 | $0 | ($2.5M) |
| Accounts payable and accrued expenses | $32.3M | ($6.3M) | ($149.0K) | $18.4M |
| Contract liabilities | $161.5M | $42.0M | — | — |
| Other assets and liabilities | ($9.2M) | ($260.0K) | $1.7M | ($16.3M) |
| Net cash used in operating activities | ($71.5M) | ($126.1M) | ($148.9M) | ($156.5M) |
| Purchase of property and equipment | ($1.1B) | ($174.1M) | $118.8M | ($30.3M) |
| Capital advances to Ligado | ($420.0M) | — | — | — |
| Purchase of spectrum intangibles | ($56.4M) | — | — | — |
| Net cash used in investing activities | ($1.5B) | ($174.1M) | ($118.8M) | ($31.4M) |
| Proceeds from debt | $2.6B | $145.0M | $63.5M | $230.0K |
| Repayments of debt | ($5.1M) | ($48.8M) | ($242.0K) | — |
| Payment for debt issuance costs | ($11.6M) | ($9.4M) | ($9.7M) | — |
| Proceeds from issuance of common stock | $1.3B | $551.9M | $63.8M | $102.0M |
| Payments for third party equity issuance costs | ($24.3M) | ($12.2M) | — | — |
| Proceeds from warrant exercises | $0 | $153.6M | $0 | $14.0K |
| Issuance of equity under employee stock plan | $11.8M | $4.9M | $225.0K | $73.0K |
| Employee taxes paid for stock-based compensation awards | ($23.0M) | ($5.2M) | ($865.0K) | — |
| Purchase of capped call transactions | ($98.6M) | — | — | — |
| Proceeds from capped call sales | $74.5M | — | — | — |
| Payments for debt commitment fee | ($11.0M) | — | — | — |
| Proceeds from share issuances to repurchase 2032 4.25% Convertible Notes | $1.0B | — | — | — |
| Payments for repurchase of 2032 4.25% Convertible Notes | ($1.0B) | — | — | — |
| Net cash provided by financing activities | $3.8B | $780.0M | $116.7M | $102.3M |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($2.4M) | ($260.0K) | ($142.0K) | $195.0K |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $2.2B | $479.4M | ($151.2M) | ($85.3M) |
| Cash, cash equivalents and restricted cash beginning of period | $567.5M | $88.1M | $239.3M | $324.5M |
| Cash, cash equivalents and restricted cash end of period | $2.8B | $567.5M | $88.1M | $239.3M |
| Right-of-use assets obtained in exchange for operating lease liabilities | $7.2M | $2.2M | $6.7M | $1.1M |
| Purchases of property and equipment in accounts payable and accrued expenses | $56.7M | $9.3M | $18.4M | $256.0K |
| PIK interest paid through issuance of PIK notes | $497.0K | $3.0M | — | — |
| Deferred asset acquisition costs paid by issuance of penny warrants | $121.2M | — | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net loss before allocation to noncontrolling interest | ($549.5M) | ($249.6M) | ($363.4M) | ($199.5M) |
| Depreciation and amortization | $38.3M | $17.6M | $35.4M | $22.7M |
| Amortization of debt issuance costs | $4.2M | $2.0M | $1.2M | $721.0K |
| Amortization of debt commitment fee | $4.4M | $2.2M | $1.8M | — |
| Loss on disposal of property and equipment | $2.1M | $1.8M | $1.0M | $0 |
| Induced conversion expense on convertible notes | $88.7M | $88.7M | $84.3M | — |
| Loss on remeasurement of warrant liabilities | $1.2M | $1.2M | $65.3M | $68.2M |
| Stock-based compensation | $118.8M | $55.4M | $32.3M | $18.4M |
| Non-cash interest expense | $1.3M | $698.0K | $845.0K | — |
| Non-cash interest income | ($648.0K) | ($301.0K) | — | — |
| Loss from equity method investment | $6.9M | $4.9M | — | — |
| Loss on involuntary conversion | $125.9M | — | — | — |
| Accounts receivable | ($41.6M) | $10.3M | ($10.1M) | — |
| Prepaid expenses and other current assets | ($8.6M) | ($5.8M) | ($5.1M) | ($2.0M) |
| Inventory | ($16.4M) | ($4.7M) | ($9.8M) | — |
| Accounts payable and accrued expenses | $45.6M | $24.0M | $17.7M | $20.7M |
| Contract liabilities | $40.0M | $6.0M | $24.6M | $1.1M |
| Other assets and liabilities | ($5.7M) | ($2.5M) | ($12.6M) | ($2.7M) |
| Net cash used in operating activities | ($145.2M) | ($48.1M) | ($136.5M) | ($72.0M) |
| Purchase of property and equipment | ($859.2M) | ($261.6M) | ($669.0M) | ($430.6M) |
| Capital advances to Ligado | ($100.0M) | ($100.0M) | — | — |
| Purchase of spectrum intangibles | ($42.1M) | ($17.7M) | ($28.0M) | — |
| Insurance proceeds received from BB7 launch | $21.6M | — | — | — |
| Net cash used in investing activities | ($979.7M) | ($379.3M) | ($697.0M) | ($430.6M) |
| Proceeds from debt | $1.1B | $1.1B | $1.0B | $473.5M |
| Repayments of debt | ($20.2M) | ($18.2M) | ($2.9M) | ($926.0K) |
| Payment for debt issuance costs | ($3.1M) | ($3.1M) | ($5.9M) | ($6.5M) |
| Proceeds from issuance of common stock | $85.7M | $80.7M | $576.6M | $462.8M |
| Payments for third party equity issuance costs | ($458.0K) | ($458.0K) | ($11.3M) | ($9.8M) |
| Issuance of equity under employee stock plan | $4.4M | $2.5M | $8.0M | $7.2M |
| Employee taxes paid for stock-based compensation awards | ($62.0M) | ($20.1M) | ($18.7M) | ($6.0M) |
| Purchase of capped call transactions | $0 | $0 | ($98.6M) | ($44.5M) |
| Proceeds from share issuances to repurchase Convertible Notes | $614.3M | $614.3M | $849.8M | — |
| Payments for repurchase of Convertible Notes | ($611.0M) | ($611.0M) | ($842.8M) | — |
| Net cash provided by financing activities | $1.1B | $1.1B | $1.5B | $875.6M |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($524.0K) | $891.0K | ($972.0K) | ($1.1M) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | ($57.1M) | $678.9M | $652.6M | $371.9M |
| Cash and cash equivalents and restricted cash, beginning of period | $2.8B | $2.8B | $567.5M | $567.5M |
| Cash and cash equivalents and restricted cash, end of period | $2.7B | $3.5B | — | — |
| Right-of-use assets obtained in exchange for operating lease liabilities | $2.8M | $310.0K | $3.2M | $1.5M |
| Purchases of property and equipment in accounts payable and accrued expenses | $61.7M | $55.2M | $43.7M | $22.2M |
| Stock-based compensation capitalized in property and equipment | $4.1M | — | — | — |
| PIK interest paid through issuance of PIK notes | $0 | $0 | $497.0K | $497.0K |
| Deferred asset acquisition costs paid by issuance of penny warrants | $0 | — | $121.2M | $121.2M |
| Convertible notes settled by issuance of Class A Common Stock | $0 | $0 | $139.6M | $139.6M |
AST SpaceMobile Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.