Quarterly ResultMay 11, 2026, 04:46 PM
AST SpaceMobile Q1 Revenue Jumps to $14.7M; Net Loss Widens to $191M
AI Summary
AST SpaceMobile reported a significant increase in total revenues for Q1 2026, reaching $14.7 million, up from $0.7 million in Q1 2025, driven by product and service sales. However, the company's net loss attributable to common stockholders widened considerably to $191.0 million from $45.7 million year-over-year, primarily due to increased operating expenses and other expenses. The company also disclosed the loss of its Block 2 BB7 satellite in April 2026, with an estimated carrying value of $155.0-$160.0 million, expecting a replacement launch and filing insurance claims.
Key Highlights
- Q1 2026 total revenues increased to $14.7 million from $0.7 million YoY.
- Net loss attributable to common stockholders widened to $191.0 million from $45.7 million.
- Diluted net loss per share was $(0.66) in Q1 2026, compared to $(0.20) YoY.
- Operating expenses rose to $164.1 million in Q1 2026 from $63.7 million YoY.
- Cash and cash equivalents increased to $3.03 billion as of March 31, 2026.
- A Block 2 BB7 satellite was lost in April 2026, valued at $155M-$160M.
- Successfully deployed BB6, a next-gen satellite with 3x larger array, in Feb 2026.
- Remaining performance obligations stood at $1.2 billion as of March 31, 2026.
Price Impact
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