ASTS Q1 2025 Earnings
Reported May 12, 2025 at 4:35 PM ET · SEC Source
Q1 25 EPS
$-0.20
MISS 17.72%
Est. $-0.17
Q1 25 Revenue
$718,000
MISS 81.35%
Est. $3.9M
vs S&P Since Q1 25
+146.5%
BEATING MARKET
ASTS +169.3% vs S&P +22.8%
Market Reaction
Did ASTS Beat Earnings? Q1 2025 Results
AST SpaceMobile delivered a double miss in Q1 2025, reporting revenue of just $718,000 against a consensus estimate of $3.85 million, an 81.35% shortfall, while its loss per share of $0.20 came in wider than the $0.17 consensus by 17.72%, underscorin… Read more AST SpaceMobile delivered a double miss in Q1 2025, reporting revenue of just $718,000 against a consensus estimate of $3.85 million, an 81.35% shortfall, while its loss per share of $0.20 came in wider than the $0.17 consensus by 17.72%, underscoring how firmly the company remains in its pre-commercial phase. Revenue did grow 43.6% year over year, but the headline numbers reflect a business still burning cash to build the world's first space-based cellular broadband network for unmodified smartphones. The net loss widened to $45.71 million from $19.73 million a year ago, driven largely by a swing in warrant liability remeasurement, a $3.21 million loss this quarter versus an $18.21 million gain in Q1 2024. Still, the balance sheet fortified considerably, with cash rising to $874.46 million. Management is targeting a second-half revenue ramp of $50 million to $75 million as Block 2 BlueBird satellites begin launching in July 2025, with commercial broadband activation planned across the U.S., Europe, and Japan alongside partners AT&T, Verizon, Rakuten, and Vodafone.
Key Takeaways
- • Accelerated satellite manufacturing and multi-provider launch plan with five contracted launches
- • Gateway equipment bookings of $13.6 million in Q1 2025
- • Expanded U.S. government contract pipeline including new DIU contract for up to $20 million
- • Interest income of $8.2 million driven by large cash balance
ASTS YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
ASTS Revenue by Segment
With YoY comparisons, source: SEC Filings
“AST SpaceMobile continues to execute on our bold strategy, progressing at an accelerated pace toward fulfilling our important mission of connecting the unconnected worldwide.”
— Abel Avellan, Q1 2025 Earnings Press Release
ASTS Earnings Trends
ASTS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ASTS EPS Trend
Earnings per share: estimate vs actual
ASTS Revenue Trend
Quarterly revenue: estimate vs actual
ASTS Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 FY | — | $-0.26 | — | $54.3M | — |
| FY Full Year | $-1.26 | $-1.34 | -6.66% | $70.9M | +20.50% |
| Q3 25 MISS | $-0.27 | $-0.45 | -66.85% | $14.7M | -33.13% |
| Q2 25 MISS | $-0.08 | $-0.41 | -412.50% | $1.2M | -95.29% |
| Q1 25 MISS | $-0.17 | $-0.20 | -17.72% | $718,000 | -81.35% |