AST SpaceMobile (ASTS) Company Report

AST SpaceMobile reported approximately $15 million in revenue for Q3 2025, an increase from approximately $2 million in the prior quarter, and reiterated its second-half 2025 revenue guidance of $50-$75 million.
The company has secured over $1 billion in total contracted revenue commitments from its commercial partners.
As of September 30, 2025, AST SpaceMobile's pro forma cash and liquidity reached over $3.2 billion, making it fully funded to manufacture and launch a constellation of over 100 satellites for worldwide service.
Manufacturing efforts are on track, with the company expecting to exit calendar 2025 at a manufacturing cadence of six satellites per month, and anticipates five orbital launches by the end of Q1 2026 as it progresses towards 45-60 satellites launched by the end of 2026.
New definitive commercial agreements were signed with Verizon and Saudi Telecom Group (STC), with the STC deal including a $175 million prepayment to be made by the end of 2025.

Nov 10, 2025, 10:00 PM

Transcript

AST SpaceMobile Reports Q3 2025 Results and Operational Milestones

ASTS

Earnings

Guidance Update

New Projects/Investments

AST SpaceMobile reported GAAP revenue of $14.7 million for Q3 2025 and reiterated its second-half 2025 revenue guidance of $50.0 million to $75.0 million.
The company secured over $1.0 billion in aggregate contracted revenue commitments from partners, including definitive commercial agreements with stc Group (featuring a $175.0 million prepayment) and Verizon, along with a new contract award with the U.S. Government.
AST SpaceMobile maintains a robust balance sheet with over $3.2 billion in cash, cash equivalents, restricted cash, and liquidity on a pro forma basis as of September 30, 2025.
Operational progress includes the shipment of BlueBird 6 to India for a launch expected in the first half of December, with plans for five orbital launches by the end of Q1 2026 and a goal of 45 to 60 satellites in orbit by the end of 2026.

Nov 10, 2025, 10:00 PM

Presentation

AST SpaceMobile Reports Q3 2025 Revenue and Secures Over $1 Billion in Contracted Revenue Commitments

ASTS

Earnings

Guidance Update

New Projects/Investments

AST SpaceMobile reported GAAP revenue of $14.7 million for Q3 2025, primarily driven by gateway hardware sales and U.S. government service milestones, and expects second-half 2025 revenue in the range of $50-$75 million.
The company has secured over $1 billion in total contracted revenue commitments from commercial partners, including definitive agreements with Verizon and Saudi Telecom Group (STC), the latter involving a $175 million prepayment by the end of 2025.
Manufacturing is on track to complete 40 satellites by early 2026, with a cadence of six satellites per month by the end of 2025, and plans for five orbital launches by the end of Q1 2026 towards a goal of 45-60 satellites by the end of 2026.
As of September 30, 2025, AST SpaceMobile's cash, cash equivalents, and restricted cash, pro forma for recent financial transactions, stood at approximately $3.2 billion, making it fully funded to manufacture and launch a constellation of over 100 satellites.
The company's novel ASIC chip, enabling peak data transmission speeds of up to 120 megabits per second, is anticipated to be integrated into Block 2 Bluebird satellites during Q1 2026.

Nov 10, 2025, 10:00 PM

Transcript

AST SpaceMobile Announces Q3 2025 Results and Operational Updates

ASTS

Earnings

Guidance Update

New Projects/Investments

AST SpaceMobile has secured over $1 billion in total contracted revenue commitment from its commercial partners.
For Q3 2025, the company recognized GAAP revenue of $14.7 million and anticipates total 2025 revenue between $50 million and $75 million.
As of September 30, 2025, pro forma cash and liquidity stood at over $3.2 billion, sufficient to fund the manufacturing and launch of over 100 satellites.
Manufacturing is on schedule to complete 40 satellites by early 2026, with a target of 45-60 satellites launched by the end of 2026.
Q4 2025 guidance includes adjusted operating expenses (excluding COGS) in the mid-$60 millions and capital expenditures in the range of $275 million-$325 million.

Nov 10, 2025, 10:00 PM

Transcript

AST SpaceMobile Announces Q3 2025 Results and Business Update

ASTS

Earnings

Guidance Update

New Projects/Investments

AST SpaceMobile reported GAAP revenue of $14.7 million for the third quarter of 2025 and a net loss per share of $(0.45).
The company maintained a strong liquidity position with $1.2 billion in cash, cash equivalents, and restricted cash as of September 30, 2025, and over $3.2 billion in pro forma cash, cash equivalents, restricted cash, and availability under the ATM facility. This includes $1.15 billion in gross proceeds from a new convertible senior notes offering.
AST SpaceMobile secured over $1.0 billion in aggregate contracted revenue commitments, including definitive commercial agreements with Verizon and stc Group, with the latter providing a $175.0 million prepayment for future services.
The company reiterated its second-half 2025 revenue guidance of $50.0 million to $75.0 million and is on track for five orbital launches by the end of Q1 2026, aiming to have 45 to 60 satellites in orbit by the end of 2026.

Nov 10, 2025, 9:27 PM

8-K

AST SpaceMobile Provides Business Update and Third Quarter 2025 Results

ASTS

Earnings

Guidance Update

New Projects/Investments

AST SpaceMobile reported Q3 2025 revenue of $14.7 million and a net loss attributable to common stockholders of $(122.874) million.
The company secured over $1.0 billion in aggregate contracted revenue commitments from partners, including definitive commercial agreements with stc Group and Verizon.
AST SpaceMobile reiterated its second-half 2025 revenue guidance of $50.0 million to $75.0 million.
As of September 30, 2025, the company had $1.2 billion in cash, cash equivalents, and restricted cash.
A multi-provider orbital launch campaign has commenced, with BlueBird 6 expected to launch in the first half of December and BlueBird 7 shortly thereafter, targeting five orbital launches by the end of Q1 2026.

Nov 10, 2025, 9:15 PM

Press Release

AST SpaceMobile and Vodafone Establish German Hub for European Satellite Network

ASTS

New Projects/Investments

AST SpaceMobile and Vodafone have formed a joint venture, SatCo, to establish a European satellite constellation for satellite-to-smartphone connectivity, with services expected to begin in 2026.
A principal satellite operations center will be located in Germany, potentially Munich or Hannover, to host ground gateway stations linking the satellite constellation to terrestrial 4G and 5G networks.
The constellation will include a 'command switch' to provide European oversight, security controls, and encryption management, ensuring sovereign satellite communication capabilities across 21 EU member states and other European countries.
This initiative aims to complement terrestrial networks, address underserved areas, and enhance digital sovereignty in Europe, with plans to deploy up to 60 satellites by 2026.

Nov 7, 2025, 9:09 PM

Barron's

AST SpaceMobile and Vodafone Announce German Satellite Operations Centre and EU Constellation

ASTS

New Projects/Investments

Product Launch

Vodafone and AST SpaceMobile have selected Germany as the location for their main Satellite Operations Centre, which will manage satellite connectivity for their Luxembourg-headquartered joint venture, SatCo, across Europe.
The planned EU satellite constellation will include a "command switch" feature to support European oversight and security, ensuring digital sovereignty and providing secure and resilient communications.
This initiative aims to provide ubiquitous mobile broadband in underserved areas and support emergency services and disaster relief efforts across Europe, with a commercial launch planned to commence from 2026.
AST SpaceMobile has filed with the International Telecommunications Union (ITU) through Germany for the registration of this new mid-band satellite constellation.

Nov 7, 2025, 7:00 AM

Press Release

AST SpaceMobile and Vodafone Announce New EU Satellite Constellation and German Operations Centre

ASTS

New Projects/Investments

Product Launch

Vodafone and AST SpaceMobile have selected Germany as the location for their main Satellite Operations Centre, which will manage satellite connectivity for mobile network operators (MNOs) across Europe.
A new EU satellite constellation is planned, featuring a "command switch" for European oversight and security, with commercial service launch projected to begin in 2026.
AST SpaceMobile has filed with the International Telecommunications Union (ITU) through Germany for the registration of this new mid-band satellite constellation.
The constellation is designed to offer a scalable European satellite mobile broadband service for MNOs, also supporting public protection and disaster relief efforts.
AST SpaceMobile currently holds agreements with over 50 mobile network operators globally, representing nearly 3 billion subscribers, and its upcoming Block 2 BlueBird satellites are expected to provide up to 10 times the bandwidth capacity of current models.

Nov 7, 2025, 7:00 AM

Press Release

AST SpaceMobile Subsidiary Secures $420 Million Loan Facility

ASTS

Debt Issuance

AST SpaceMobile, Inc.'s subsidiary, BackstopCo, LLC, entered into a $420.0 million cash collateralized term loan facility with UBS AG, Stamford Branch on October 31, 2025.
The loan bears a floating interest rate of Term SOFR plus 2.0% per annum and matures on October 31, 2028.
The facility is secured by a first-priority lien on substantially all of BackstopCo's assets, and AST SpaceMobile, Inc. is not liable as a borrower or guarantor.
BackstopCo is required to maintain cash or cash equivalents in its collateral account equal to or exceeding 102.0% of the outstanding principal amount.
The loan agreement includes customary affirmative and negative covenants, such as restrictions on additional indebtedness, liens, investments, asset dispositions, and dividends.

Nov 3, 2025, 10:00 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for AST SpaceMobile.

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