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Nasdaq · Communication Services

AST SpaceMobile, Inc. (ASTS)

As-reported financials and SEC filings for AST SpaceMobile, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About AST SpaceMobile, Inc.

AST SpaceMobile, Inc. develops a global cellular broadband network in space that connects directly to standard smartphones without additional equipment. The company operates a constellation of satellites in low Earth orbit to provide high-speed cellular services to users outside terrestrial coverage areas. It partners with mobile network operators worldwide to extend coverage and offers services for both commercial and government applications.

Snapshot

Revenue
$70.9M
Revenue growth (YoY)
1511.8%
Net income
$-341.9M
Diluted EPS
—
Gross margin
—
Operating margin
—
Net margin
—
FCF margin
—
ROE
-14.3%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$15.82B
Long-term debt / equity
0.92×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at AST SpaceMobile

  • Revenue grew 1511.8% to $71M in FY2025.
  • Most recent quarter Q2 FY2026: revenue $32M, up 2626.6% from Q2 FY2025.
  • Free cash flow was negative $1.1B in FY2025.
  • Net loss widened to $342M in FY2025, from $300M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where AST SpaceMobile’s fundamentals sit among the 213 Communication Services companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Revenue growth (YoY)+1511.8%
Highest of 206
ROE-14.3%
32nd percentile of 162
Long-term debt / equity0.92×
58th percentile of 100
Short interest6.11d
72nd percentile of 212

AST SpaceMobile’s revenue growth of +1511.8% is the highest of the 206 Communication Services companies reporting it.

3 reported insider purchases (code P) totaling $619,200 in the last 90 days, against 2 sales totaling $3.1M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+5 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
5
3 trimmed, 2 exited
Combined position
$181.6M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$87.0M978.9KReduced
Gotham Asset ManagementQ2 2026$69.5M782.4KAdded
Renaissance TechnologiesquantQ2 2026$17.1M192.6KNew
AQR Capital ManagementquantQ2 2026$3.0M35.5KReduced
Citadel AdvisorsquantQ2 2026$2.9M33.1KReduced
Millennium ManagementquantQ2 2026$2.0M22.1KAdded

No longer held by: Point72 Asset Management (as of Q2 2026), Two Sigma Investments (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
3
1 insider
Bought (90d)
$619K
code P value
Sells (90d)
2
$3.1M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-16
filed 2026-09-17
Huiwen YaoChief Technology OfficerSell40.0K$58.93$2.4M
2026-09-16
filed 2026-09-17
Shanti B. GuptaChief Operating OfficerSell12.0K$58.89$707K
2026-08-31
filed 2026-09-01
Adriana CisnerosDirectorBuy8.8K$57.00$500K
2026-08-31
filed 2026-09-01
Adriana CisnerosDirectorBuy1.4K$57.79$80K
2026-08-31
filed 2026-09-01
Adriana CisnerosDirectorBuy670$58.87$39K
2026-06-11
filed 2026-06-12
Andrew Martin JohnsonCFO and CLOSell45.8K$93.81$4.3M
2026-06-05
filed 2026-06-08
Huiwen YaoChief Technology OfficerSell40.0K$96.37$3.9M
2026-05-20
filed 2026-05-21
Andrew Martin JohnsonCFO and CLOSell5.0K$90.25$451K
2026-05-13
filed 2026-05-14
Julio A. TorresDirectorSell15.0K$76.34$1.1M
2026-04-15
filed 2026-04-16
Hiroshi Mikitani10% ownerSell1.4M$86.22$116.4M
2026-04-14
filed 2026-04-16
Hiroshi Mikitani10% ownerSell1.7M$91.42$154.5M
2025-05-27
filed 2026-05-27
Scott WisniewskiPresidentSell25.9K$126.64$3.3M

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
64.8M
settled 2026-09-30
Change vs prior
-0.7%
vs previous settlement
Days to cover
6.11
at avg daily volume
Avg daily volume
10.6M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3064.8M-0.7%6.11
2026-09-1565.3M+1.8%6.93
2026-08-3164.1M+11.6%7.25
2026-08-1457.5M+1.1%4.57
2026-07-3156.8M-4.2%3.30
2026-07-1559.3M-8.3%4.82
2026-06-3064.7M+3.6%2.59
2026-06-1562.5M+14.1%2.61

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$70.9M$4.4M$0$13.8M$12.4M
Gross profit———
Operating income—————
Net income$-341.9M$-300.1M$-87.6M$-31.6M$-30.6M
Diluted EPS—————

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-71.5M$-126.1M$-148.9M$-156.5M$-80.1M
Capital expenditure$1.06B$174.1M$118.8M$57.3M$15.1M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$31.5M2626.6%$-230.9M—
Q1 FY2026$14.7M1952.2%$-191.0M—
Q4 FY20252758.2%
Q3 FY2025$14.7M1239.9%$-122.9M—
Q2 FY2025$1.2M28.4%$-99.4M—
Q1 FY2025$718,00043.6%$-45.7M—
Q4 FY2024—
Q3 FY2024$1.1M—$-171.9M—

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorCommunication Services
SIC industryCommunications Services, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2019
SEC CIK1780312

Selected SEC filings

10-K2026-03-02
View on EDGAR →
10-K2025-03-03
View on EDGAR →
10-Q2026-08-10
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
10-Q2025-11-10
View on EDGAR →
10-Q/A2025-09-12
View on EDGAR →
8-K2026-09-28
View on EDGAR →
8-K2026-08-10
View on EDGAR →

Largest Communication Services peers

All Communication Services companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.