AST SpaceMobile Reports $31.5M Revenue Growth but $230.9M Net Loss in Latest Quarter

AST SpaceMobile, Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending June 30, 2026. The company generated total revenues of $31.5 million for the quarter, a substantial increase from $1.2 million in the same period last year. This growth was primarily driven by product revenues of $24.4 million, attributed to sales of gateway equipment and software to mobile network operators (MNOs), compared to just $50,000 in the prior year. Service revenues also rose to $7.1 million from $1.1 million, reflecting increased performance obligations completed under agreements with the U.S. government.

However, AST SpaceMobile's operating expenses surged to $329.1 million for the quarter, up from $74.0 million a year earlier. This increase was largely due to a $125.9 million loss on the involuntary conversion of the BB7 satellite, which was de-orbited after being placed in a lower-than-planned orbit. Other notable increases included engineering services costs, which rose to $87.3 million, and general and administrative costs, which reached $63.9 million, both reflecting higher payroll and stock-based compensation expenses due to increased headcount.

The company’s net loss attributable to common stockholders for the quarter was $230.9 million, compared to a loss of $99.4 million in the same quarter of 2025. The loss per share for Class A common stock was $(0.77), a decline from $(0.41) in the previous year. For the six-month period ending June 30, 2026, total revenues were $46.3 million, up from $1.9 million in the prior year, while the net loss attributable to common stockholders was $421.9 million, compared to $145.1 million in the same period of 2025.

Operationally, AST SpaceMobile has made strides in its satellite deployment strategy, launching multiple Block 2 BB satellites, which are designed to enhance the company's satellite broadband capabilities. The company has also expanded its partnerships with over 60 MNOs globally, aiming to provide its SpaceMobile Service to more than 3 billion subscribers. As of June 30, 2026, the company reported approximately $2.7 billion in cash and cash equivalents, which it believes will be sufficient to meet its operational needs for the next 12 months.

Looking ahead, AST SpaceMobile anticipates launching a total of 90 BB satellites to achieve continuous service coverage in key markets, including the U.S., Europe, and Japan. The company is focused on securing additional funding to support its ambitious satellite deployment and operational plans, while also navigating the complexities of regulatory approvals and market conditions.