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Sep 30
AST SpaceMobile Q3 2025 Earnings Report
Reported $14.7M in revenue and posted a net loss of $122.9M
Key Takeaways
AST SpaceMobile reported a modest increase in revenue driven by government contract milestones and gateway deliveries, but continued to operate at a significant net loss as it invests in infrastructure and commercialization.
Reported $14.7M in revenue for Q3 2025
Net loss attributable to common stockholders was $122.9M
Signed definitive commercial agreements with Verizon and stc Group
Secured over $1B in contracted revenue commitments from partners
AST SpaceMobile
AST SpaceMobile
Forward Guidance
The company reiterated its revenue guidance for the second half of 2025 between $50M and $75M, with commercial service rollouts and satellite launches expected to accelerate.
Positive Outlook
- Second-half 2025 revenue guidance maintained at $50M–$75M
- Planned five satellite launches by end of Q1 2026
- Initial service activation in the US, with more regions planned
- BlueBird 6 shipped, BlueBird 7 launch planned soon
- Vodafone partnership for EU constellation with German operations hub
Challenges Ahead
- Operating loss remains significant despite revenue growth
- Heavy capital expenditures continue to weigh on cash flow
- No reported adjusted EPS or profitability metrics
- Dependent on successful satellite launches and integration
- Ongoing R&D and G&A expenses increasing sequentially