Every 10-Q that Ast Spacemobile Inc (ASTS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ASTS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ASTS filings page.
AST SpaceMobile, Inc. reported rapidly growing early-stage revenue but significantly higher losses for the quarter ended June 30, 2026. Total revenue was $31,520 (thousands), up from $1,156 (thousands) a year earlier, driven mainly by $24,428 (thousands) of product sales to mobile network operators and $7,092 (thousands) of services revenue, largely from U.S. government-related contracts.
Operating scale-up continues to be costly. Total operating expenses were $329,097 (thousands), including high engineering services costs, stock-based compensation and a $125,911 (thousands) loss on involuntary conversion related to the BB7 satellite de-orbit. Net loss attributable to common stockholders was $(230,909) (thousands) for the quarter and $(421,921) (thousands) for the first half, both wider than the prior year.
The company remains heavily capitalized and investment-focused, with total assets of $5,854,885 (thousands), including substantial cash, cash equivalents and restricted cash of $2,722,834 (thousands), and property and equipment of $2,069,336 (thousands). Long-term debt totaled $3,022,152 (thousands) in principal, mainly convertible notes. AST SpaceMobile reported remaining performance obligations of about $1.2 billion, reflecting multi-year contracts with mobile operators and government customers.
AST SpaceMobile reported Q1 2026 revenue of $14.7 million, up sharply from $0.7 million a year earlier, mainly from gateway equipment sales to mobile network operators and government services work. Growth is still early-stage and far below spending.
The company posted a net loss attributable to common stockholders of $191.0 million versus $45.7 million in Q1 2025, or $0.66 per share compared with $0.20. Higher engineering, general and administrative costs and a large $100.5 million other expense, including induced conversion costs on convertible notes, weighed on results.
AST SpaceMobile ended the quarter with $3.0 billion in cash and cash equivalents and total assets of $6.1 billion, funded largely by long-term debt of $3.0 billion and recent convertible note issuances. It has contract liabilities of $233.0 million and remaining performance obligations of about $1.2 billion, reflecting future revenue under signed agreements. After quarter-end, a Block 2 BB7 satellite was lost due to a launch issue, and the company expects a Q2 2026 asset write-off of roughly $155–160 million, partially offset by launch insurance.
AST SpaceMobile reported Q3 2025 results with revenue of $14,739, split between $7.0 million from U.S. government-related services and $7.7 million from resale of gateway equipment and services. Net loss attributable to common stockholders was $122,874.
Liquidity strengthened: cash and cash equivalents were $1,204,282 as of September 30, 2025, and total assets reached $2,550,902. Long-term debt, net of issuance costs, was $697,628. Contract liabilities were $66.6 million as of quarter end, reflecting advance payments for future SpaceMobile Service and gateway-related obligations.
The company executed major capital actions: issued $575,000 of 2032 2.375% convertible notes in July; repurchased portions of the 2032 4.25% notes in July and October (principal $225,000, $135,000, and $50,000) via cross-conditional equity offerings; and, subsequent to quarter end, issued $1,150,000 of 2036 2.00% notes. Non-operating results included induced conversion charges and a change in warrant fair value.
AST SpaceMobile, Inc. filed an amended quarterly report for the quarter ended June 30, 2025 to update its disclosure about executive trading plans. The amendment adds a description of a Rule 10b5-1 sales plan entered into by Chief Technology Officer Dr. Huiwen Yao.
Under this plan, Dr. Yao may sell up to 160,000 shares of the company’s Class A common stock. The plan is scheduled to remain in effect until the earlier of September 16, 2026, completion of all planned trades, or earlier termination under its terms. The amendment does not change any previously reported financial statements and includes updated executive and financial officer certifications as required.
AST SpaceMobile reported significant operational progress alongside substantial investment and financing activity. The company ended June 30, 2025 with $939.4 million of combined cash, cash equivalents and restricted cash, up from $567.5 million, and total assets of $1.881 billion driven by property and equipment of $761.6 million and $523.9 million of satellites and related construction-in-progress.
Revenue was limited at $1.2 million for the quarter ($1.9 million year-to-date) from government contract work and gateway equipment resale. Operating expenses were $74.0 million in the quarter, producing a net loss attributable to common stockholders of $99.4 million for the quarter and $145.1 million year-to-date. The company carried $503.6 million of total debt and $109.5 million of warrant liabilities, which produced a $65.0 million fair value loss in Q2. Purchase commitments totaled approximately $383.3 million plus $145.0 million to $175.0 million of future launch commitments. The filing documents ongoing in-orbit testing and successful two-way voice and video calls using Block 1 satellites and other program milestones.