Companies /Technology

AST SpaceMobile Inc - Class A

NASDAQ: ASTS Communication Equipment
$61.44
â–² $1.56 (+2.61%) today
Markets closed · 9:27pm ET

Q4 2025 Earnings

Reported Mar 2, 2026, 4:37pm ET · SEC source
$-0.26
Miss −30.00%
EPS · est. $-0.20
$54.3M
Beat +30.70%
Revenue · est. $41.5M
+3.5%
Beating market
ASTS vs S&P since report
6 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
0+6%+12%Mar 2Mar 3report 4:37pm ETearnings−0.9%+10.3%
0+6%+12%Mar 2Mar 3earnings−0.9%+10.3%
ASTS +10.3%S&P 500 −0.9%
0+6%+12%Mar 2Mar 3report 4:37pm ETearnings−1.0%+10.3%
0+6%+12%Mar 2Mar 3earnings−1.0%+10.3%
ASTS +10.3%NASDAQ −1.0%
0+20%Mar 2Mar 10report 4:37pm ETearnings−1.3%+3.8%
0+20%Mar 2Mar 10earnings−1.3%+3.8%
ASTS +3.8%S&P 500 −1.3%
0+20%Mar 2Mar 10report 4:37pm ETearnings−0.0%+3.8%
0+20%Mar 2Mar 10earnings−0.0%+3.8%
ASTS +3.8%NASDAQ −0.0%
+6.63%
Day of report
+13.17%
Next session
−5.56%
One week
−0.06%
30 days

S&P 500 over the same 30 days: −3.60%.

Did ASTS Beat Earnings? Q4 2025 Results

AST SpaceMobile delivered a <a href="https://247wallst.com/investing/2026/03/02/live-will-ast-spacemobile-beat-earnings after-the-bell-tonight/">standout quarter for the books</a>, posting Q4 2025 revenue of $54.30 million — a 28.56% beat against the $42.24 million consensus estimate — as the satellite connectivity company's first meaningful revenue year came into sharp focus, with year-over-year growth of 2,731.3% underscoring how dramatically its commercial profile has shifted. The revenue was powered by two distinct streams: product revenue tied to the delivery of 15 gateways across five continents and service revenue from U.S. Government contracts, including a $30.00 million Space Development Agency prime contract. EPS came in at -$0.26, reflecting a net loss of $73.97 million for the quarter as the company continues scaling manufacturing and deployment at pace. With over $1.20 billion in contracted partner commitments, a $175.00 million prepayment from stc Group, and liquidity exceeding $3.90 billion pro forma for its recently completed $1.07 billion convertible notes offering, AST is targeting 45 to 60 satellites in orbit by year-end 2026 as it moves toward broader commercial service activation.

Key Takeaways
  • Delivery of 15 gateways across five continents driving product revenue
  • U.S. Government contract milestones driving service revenue
  • Expansion of mobile network operator partner ecosystem
  • $175 million commercial prepayment from stc Group under 10-year regional agreement

“For the first time in 2025, AST SpaceMobile became a revenue generating business and it significantly advanced all key aspects of our operations including commercial, government, manufacturing, spectrum rights, IP portfolio, and capital position.”

AST SpaceMobile CEO, on the earnings call

Forward Guidance & Outlook

Revenue is expected to grow during 2026 ahead of commercial service activation, supported by a backlog of mobile network operator partner revenue and U.S. Government contract milestones. The company targets 45 to 60 satellites in orbit by year-end 2026 through launches every one to two months on average. Assembly of 40 satellites equivalent of microns is expected to be completed by the first half of 2026. In 2026, the company expects to scale its space-based direct-to-device network from initial commercial activation toward the start of broader commercial service.

ASTS YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$-120,000,000$-60,000,000$0$1.9M$54.3MRevenue$1.9M$24.9MGross Profit$-128,583,882$-72,277,000Operating Income
$-120,000,000$-60,000,000$0RevenueGross ProfitOperating Income

ASTS Revenue by Segment

Products Revenue$36.2M
Services Revenue$18.1M
Gateway Equipment

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