AST Spacemobile, Inc. income statement
In fiscal 2025, AST Spacemobile, Inc. reported revenue of $70.9m, up 413.0% on the year before and net income of −$342m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 6 | 12 | 14 | 0 | 14 | 71 | 115 |
| Cost of revenue | 3 | 8 | 7 | 0 | — | — | — |
| Gross profit | 3 | 5 | 7 | 0 | — | — | — |
| Research and development | 1 | 23 | 46 | 47 | 29 | 28 | 29 |
| General and administrative | 12 | 36 | 48 | 42 | 62 | 102 | 164 |
| Operating income | −1 | — | — | — | — | — | — |
| Interest expense | — | — | 0 | 5 | 19 | 32 | 67 |
| Net interest income | — | — | 3 | 3 | — | — | — |
| Income before tax | −24 | −73 | −102 | −221 | −525 | −457 | −806 |
| Income tax | 0 | 0 | 1 | 2 | 1 | 4 | 5 |
| Net income | −52 | −31 | −32 | −88 | −300 | −342 | −619 |
| Diluted EPS | −$3.06 | −$0.18 | — | — | — | — | −$2.16 |
| Diluted shares (average) | 17m | 103m | — | 164m | 155m | 256m | 287m |
| EBITDA | −0 | — | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 11 | 1 | 1 | 15 | 54 | 15 | 32 |
| Research and development | 15 | 5 | 7 | 6 | 6 | 9 | 7 | 8 |
| General and administrative | 16 | 16 | 18 | 27 | 30 | 26 | 44 | 64 |
| Interest expense | 5 | 4 | 5 | 6 | 6 | 16 | 22 | 24 |
| Net interest income | −1 | — | — | — | — | — | — | — |
| Income before tax | −302 | −52 | −63 | −135 | −163 | −95 | −248 | −299 |
| Income tax | 1 | 0 | 0 | 1 | 0 | 3 | 1 | 1 |
| Net income | −172 | −36 | −46 | −99 | −123 | −74 | −191 | −231 |
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