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MARKETS / NASDAQ / ASTS
NASDAQ · COMMUNICATIONS SERVICES, NEC · LARGE CAP

AST SpaceMobile, Inc. ASTS

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$70.9M
▲ 1505.2% YoY
$-341.9M
$-1.1B
In brief

What this company does

The SpaceMobile Service is designed to provide cost-effective, high-speed cellular broadband to end users who are outside terrestrial cellular coverage, using their existing mobile devices. The company has commercial agreements with major mobile network operators including AT&T, Verizon, Vodafone and Saudi Telecom Company, and partnerships with more than 50 MNOs serving nearly 3 billion subscribers worldwide. AST SpaceMobile is headquartered in Texas, where it operates satellite assembly, integration and test facilities, with additional engineering, development and production centers in the United States, India, Scotland, Spain and Israel. As of December 31, 2025, the company employed approximately 1,126 full-time and part-time employees worldwide, about 708 of them in the United States and about 418 in other jurisdictions, primarily Scotland, Spain, India and Israel. The SpaceMobile Service has not yet launched and has therefore not generated revenue, though the company has recognized revenue from U.S. government agreements and from selling gateway equipment, software and related services to mobile network operators. The company also pursues government applications, entering into agreements with the United States government, directly or through prime contractors, to perform testing and other tasks using its BlueBird satellites.

Written from the business description in AST SpaceMobile, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth
USD 70.9M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 70.9 · Net income -341.9
25.0M50.0M-200.0M202020212022202320242025
Compound annual growth
+72.5%
+64.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +64.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−650 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -644.6% · Net -650.1%
-5000%-10000%202020212022202320242025
ROE
FY2021 · ROE -611.1%
-500%-1000%202020212022202320242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -1.1
-0.4B-0.8B202020212022202320242025

Total assetsUSD 5.0B
CashUSD 2.3B
Gross debtUSD 2.2B
Net debtUSD -116.1M
Current ratio16.35×

Not available: we don't have the shareholders' equity figure for this period.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020
Revenue $B0.10.00.00.00.00.0
Operating income $B−0.5−0.5−0.2−0.1−0.1−0.0
EBITDA $B−0.4−0.5−0.2−0.1−0.1−0.0
Income tax $B0.00.00.00.00.00.0
Net income $B−0.3−0.3−0.1−0.0−0.0−0.0
Free cash flow $B−1.1−0.3−0.3−0.2−0.1−0.0
EPS, diluted $····−0.37−6.13
Dividend / sh $······
Payout %······
ROE %····−611.1−1039.2

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 1 failures in 24 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 71 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
ActivityCommunications Services, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2020

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