Companies /Technology

AST SpaceMobile Inc - Class A

NASDAQ: ASTS Communication Equipment
$61.44
â–² $1.56 (+2.61%) today
Markets closed · 10:08pm ET

Q1 2025 Earnings

Reported May 12, 2025, 4:35pm ET · SEC source
$-0.20
Miss −17.72%
EPS · est. $-0.17
$718,000
Miss −81.35%
Revenue · est. $3.9M
+42.8%
Beating market
ASTS vs S&P since report
6 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
−9%−6%−3%0May 12May 13report 4:35pm ETearnings+0.7%−5.3%
−9%−6%−3%0May 12May 13earnings+0.7%−5.3%
ASTS −5.3%S&P 500 +0.7%
−8%−4%0May 12May 13report 4:35pm ETearnings+1.6%−5.3%
−8%−4%0May 12May 13earnings+1.6%−5.3%
ASTS −5.3%NASDAQ +1.6%
−10%−5%0May 12May 20report 4:35pm ETearnings+1.5%−9.5%
−10%−5%0May 12May 20earnings+1.5%−9.5%
ASTS −9.5%S&P 500 +1.5%
−10%−5%0May 12May 20report 4:35pm ETearnings+2.2%−9.5%
−10%−5%0May 12May 20earnings+2.2%−9.5%
ASTS −9.5%NASDAQ +2.2%
−2.25%
Day of report
−1.13%
Next session
−5.73%
One week
+44.52%
30 days

S&P 500 over the same 30 days: +1.73%.

Did ASTS Beat Earnings? Q1 2025 Results

AST SpaceMobile delivered a double miss in Q1 2025, reporting revenue of just $718,000 against a consensus estimate of $3.85 million — an 81.35% shortfall — while its loss per share of $0.20 came in wider than the $0.17 consensus by 17.72%, underscoring how firmly the company remains in its pre-commercial phase. Revenue did grow 43.6% year over year, but the headline numbers reflect a business still burning cash to build the world's first space-based cellular broadband network for unmodified smartphones. The net loss widened to $45.71 million from $19.73 million a year ago, driven largely by a swing in warrant liability remeasurement — a $3.21 million loss this quarter versus an $18.21 million gain in Q1 2024. Still, the balance sheet fortified considerably, with cash rising to $874.46 million. Management is targeting a <a href="https://247wallst.com/investing/2026/03/02/live-will-ast-spacemobile-beat-earnings-after-the-bell-tonight/">second-half revenue ramp</a> of $50 million to $75 million as Block 2 BlueBird satellites begin launching in July 2025, with commercial broadband activation planned across the U.S., Europe, and Japan alongside partners AT&T, Verizon, Rakuten, and Vodafone.

Key Takeaways
  • Accelerated satellite manufacturing and multi-provider launch plan with five contracted launches
  • Gateway equipment bookings of $13.6 million in Q1 2025
  • Expanded U.S. government contract pipeline including new DIU contract for up to $20 million
  • Interest income of $8.2 million driven by large cash balance

“AST SpaceMobile continues to execute on our bold strategy, progressing at an accelerated pace toward fulfilling our important mission of connecting the unconnected worldwide.”

AST SpaceMobile CEO, on the earnings call

Forward Guidance & Outlook

AST SpaceMobile expects a second half 2025 revenue opportunity of $50 million to $75 million as it activates initial cellular broadband capabilities across the United States, Europe, and Japan with AT&T, Rakuten, Verizon, and Vodafone. The company plans five contracted orbital launches over the next six to nine months, with the first Block 2 BlueBird satellite expected to ship in Q2 2025 and launch in July 2025. Satellite manufacturing is expected to reach a cadence of six satellites per month during 2025. Manufacturing and launch schedules support continuous cellular broadband coverage goals in key markets during 2026. Gateway equipment bookings are expected to average approximately $10 million per quarter during 2025. The company is pursuing over $500 million in potential non-dilutive capital through EXIM and IFC, with a six to nine month diligence and documentation phase underway.

ASTS YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$-60,000,000$-30,000,000$0$500,000$718,000Revenue$-74,690,359$-63,681,000Operating Income
$-60,000,000$-30,000,000$0RevenueOperating Income

ASTS Revenue by Segment

Products Revenue
Services Revenue
Gateway Equipment$13.6M

Figures from SEC filings and company reports. Not investment advice.