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Jun 30
AST SpaceMobile Q2 2025 Earnings Report
AST SpaceMobile reported Q2 2025 results with modest revenue, a larger net loss, and strong liquidity to fund planned satellite deployments.
Key Takeaways
In Q2 2025, AST SpaceMobile posted revenue of 1,156,000, EPS of -0.41, and a net loss of 99,394,000. Cash and cash equivalents stood at 923,647,000 and total assets were 1,881,362,000, supporting plans to deploy 45–60 satellites by 2026 and begin intermittent U.S. service in late 2025.
Revenue was 1,156,000 with EPS of -0.41 for the quarter.
Net loss attributable to common stockholders totaled 99,394,000.
Cash and cash equivalents ended the quarter at 923,647,000; cash, cash equivalents, and restricted cash totaled 939,400,000.
Company reiterated plans to deploy 45–60 satellites by 2026 and begin intermittent U.S. service in late 2025.
AST SpaceMobile
AST SpaceMobile
Forward Guidance
Management reaffirmed plans to deploy 45–60 satellites by 2026, target nationwide intermittent U.S. service by late 2025, and expects 50,000,000–75,000,000 in second-half 2025 revenue from government and commercial customers.
Positive Outlook
- Fully funded plan for 45–60 satellites through 2026
- Nationwide intermittent U.S. service targeted for late 2025
- H2 2025 revenue outlook of 50,000,000–75,000,000
- Expanded spectrum access in L-Band and pursuit of S-Band rights
- Strong liquidity position to support manufacturing and launches
Challenges Ahead
- Continued quarterly operating losses
- Execution risk in scaling satellite production and launch cadence
- Regulatory approvals required for spectrum access and services
- Dependence on capital markets and financing terms
- Potential delays in launch schedules or supply chain