| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 14.74 | 1170.7% | 1240.0% |
| Total Income | 14.74 | 1170.7% | 1240.0% |
| Expenditure | 137.24 | 37.5% | 20.4% |
| PBT | -163.45 | 20.9% | 46.0% |
| Net Profit | -122.87 | 23.6% | 28.5% |
| OPM | — | ||
| NPM | — | ||
| EPS | — |
AST SpaceMobile Reports Q3 2025 Results; Contracted Revenue Commitments Exceed $1B
04 May 2026 · 4 May, 7:29 am
Summary
AST SpaceMobile announced its third quarter 2025 results, highlighting significant contract wins with stc Group and Verizon. The company secured over $1.0 billion in aggregate contracted revenue commitments. GAAP revenue for Q3 2025 was $14.7 million, driven by U.S. Government contract milestones and gateway deliveries. AST SpaceMobile reiterates its second-half 2025 revenue guidance of $50.0 million to $75.0 million and has a robust balance sheet with over $3.2 billion in cash and liquidity.
Key Highlights
- 1
AST SpaceMobile secured over $1.0 billion in aggregate contracted revenue commitments from partners.
- 2
The company reported GAAP revenue of $14.7 million in Q3 2025, driven by U.S. Government contract milestones and gateway deliveries.
- 3
AST SpaceMobile reiterates its second-half 2025 revenue guidance of $50.0 million to $75.0 million.
- 4
The company started a multi-provider orbital launch campaign following the shipment of BlueBird 6 to India, with launch expected in the first half of December.
- 5
AST SpaceMobile has a robust balance sheet with over $3.2 billion in cash, cash equivalents, restricted cash and liquidity, pro forma for recent financing activities as of September 30, 2025.
- 6
Definitive commercial agreements were signed with stc Group and Verizon, expanding strategic partnerships.
- 7
The company is on track for five orbital launches expected by the end of Q1 2026, aiming for 45 to 60 satellites by the end of 2026.
Management Comments
Abel Avellan
AST SpaceMobile continues to lead the direct-to-device space-based cellular broadband industry. During the past few months, commercial activity has significantly accelerated, demonstrating the robust demand for our solution across the ecosystem. Our definitive commercial agreements with Verizon and stc Group are milestone achievements, representing transformational partnerships stemming from our commercial and network operator partner strategy as we continue to build long-term commercial relationships with industry leaders around the world, which includes agreements with over 50 MNO partners with nearly 3 billion subscribers globally.
Informational and educational content only. Not investment advice.