AST SpaceMobile Inc - Class A
Q2 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +2.29%.
Did ASTS Beat Earnings? Q2 2025 Results
AST SpaceMobile delivered a sharply disappointing set of Q2 2025 results, with the pre-commercial satellite broadband company posting an EPS loss of $-0.41 against a consensus estimate of $-0.08 — a miss of 412.50% — while revenue of $1.16 million fell 95.29% short of the $24.54 million Wall Street had anticipated. The revenue shortfall largely reflects the company's still pre-revenue commercial posture, with the quarter's $1.16 million representing a modest 28.4% year-over-year gain from $0.90 million. The headline loss was amplified by a $65.03 million non-cash charge tied to warrant liability remeasurement, alongside surging operating costs as the company races to scale satellite manufacturing ahead of commercial launch. Yet for <a href="https://247wallst.com/investing/2026/03/02/live-will-ast-spacemobile-beat-earnings-after-the-bell-tonight/">investors watching closely</a>, the strategic picture continued to expand: AST closed a $575 million convertible notes offering, ended the quarter with $939.40 million in cash, and guided for $50 million to $75 million in H2 2025 revenue as it targets 45 to 60 satellites in orbit by 2026.
- Accelerating satellite manufacturing and production ramp
- Expanded spectrum strategy with S-Band and L-Band acquisitions
- Growing U.S. Government contract awards (eight total to date)
- Over 50 MNO partnerships representing nearly 3 billion subscribers globally
“We are confirming our fully-funded plan to deploy 45 to 60 satellites into orbit by 2026 to support continuous service in the US, Europe, Japan, and other strategic markets, including the U.S. Government. We also have planned orbital launches every one to two months on average during 2025 and 2026.”
AST SpaceMobile CEO, on the earnings call
Forward Guidance & Outlook
AST SpaceMobile expects revenue of $50.0 million to $75.0 million in the second half of 2025 from government and commercial customers. The company is preparing to deploy nationwide intermittent service in the United States by the end of 2025, followed by the United Kingdom, Japan, and Canada in Q1 2026. The company anticipates at least five orbital launches by end of Q1 2026, with orbital launches every one to two months on average to reach a goal of 45 to 60 satellites launched during 2025 and 2026. FM1 was expected ready to ship in August 2025. The company expects to complete assembly of 40 satellites equivalent of microns by early 2026. Manufacturing footprint is expected to grow to over 400,000 square feet by end of 2025. The company is also progressing through diligence and documentation for quasi-governmental funding with EXIM and IFC.
ASTS YoY Financials
ASTS Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.