AST SpaceMobile, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $70.9M | $13.8M | $0 | $13.8M | $12.4M |
| Cost of revenue | — | — | $0 | $6.7M | $7.6M |
| Gross profit | — | — | $0 | $7.1M | $4.8M |
| Research and development | $28.1M | $28.8M | $47.5M | $45.6M | $23.4M |
| Operating expenses | $358.6M | $247.2M | $222.4M | $159.6M | $91.6M |
| Pretax income | -$457.1M | -$525.0M | -$221.0M | -$102.5M | -$72.9M |
| Income tax expense | $3.9M | $1.3M | $1.7M | $617,000 | $331,000 |
| Net income | -$341.9M | -$300.1M | -$87.6M | -$31.6M | -$30.6M |
| Balance Sheet | |||||
| Cash and equivalents | $2.3B | $565.0M | $85.6M | $238.6M | $321.8M |
| Current assets | $2.5B | $600.2M | $106.9M | $268.3M | $335.8M |
| Total assets | $5.0B | $954.6M | $360.9M | $438.4M | $443.9M |
| Current liabilities | $150.3M | $75.9M | $46.2M | $27.8M | $21.4M |
| Total liabilities | $2.6B | $285.4M | $147.3M | $78.5M | $92.0M |
| Stockholders' equity | $2.4B | $669.1M | $213.6M | $359.8M | $352.0M |
| Cash Flow Statement | |||||
| Cash from operations | -$71.5M | -$126.1M | -$148.9M | -$156.5M | -$80.1M |
| Depreciation and amortization | $51.1M | $63.3M | $54.5M | $4.7M | $2.9M |
| Stock-based compensation | $47.5M | $32.0M | $13.3M | $9.4M | $3.7M |
| Capital expenditure | $1.1B | $174.1M | $118.8M | $57.3M | $15.1M |
| Free cash flow | -$1.1B | -$300.3M | -$267.7M | -$213.7M | -$95.2M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 388.1M · Free float 34.9%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.