ASTS Q4 2025 Earnings
Reported Mar 2, 2026 at 4:37 PM ET · SEC Source
Q4 25 EPS
$-0.26
Q4 25 Revenue
$54.3M
vs S&P Since Q4 25
-27.1%
TRAILING MARKET
ASTS -21.1% vs S&P +5.9%
Full Year 2025 Results
FY 25 EPS
$-1.34
MISS 6.66%
Est. $-1.26
FY 25 Revenue
$70.9M
BEAT +20.50%
Est. $58.9M
Market Reaction
Did ASTS Beat Earnings? Q4 2025 Results
AST SpaceMobile delivered a standout quarter for the books, posting Q4 2025 revenue of $54.30 million, a 28.56% beat against the $42.24 million consensus estimate, as the satellite connectivity company's first meaningful revenue year came into sharp … Read more AST SpaceMobile delivered a standout quarter for the books, posting Q4 2025 revenue of $54.30 million, a 28.56% beat against the $42.24 million consensus estimate, as the satellite connectivity company's first meaningful revenue year came into sharp focus, with year-over-year growth of 2,731.3% underscoring how dramatically its commercial profile has shifted. The revenue was powered by two distinct streams: product revenue tied to the delivery of 15 gateways across five continents and service revenue from U.S. Government contracts, including a $30.00 million Space Development Agency prime contract. EPS came in at -$0.26, reflecting a net loss of $73.97 million for the quarter as the company continues scaling manufacturing and deployment at pace. With over $1.20 billion in contracted partner commitments, a $175.00 million prepayment from stc Group, and liquidity exceeding $3.90 billion pro forma for its recently completed $1.07 billion convertible notes offering, AST is targeting 45 to 60 satellites in orbit by year-end 2026 as it moves toward broader commercial service activation.
Key Takeaways
- • Delivery of 15 gateways across five continents driving product revenue
- • U.S. Government contract milestones driving service revenue
- • Expansion of mobile network operator partner ecosystem
- • $175 million commercial prepayment from stc Group under 10-year regional agreement
ASTS Forward Guidance & Outlook
Revenue is expected to grow during 2026 ahead of commercial service activation, supported by a backlog of mobile network operator partner revenue and U.S. Government contract milestones. The company targets 45 to 60 satellites in orbit by year-end 2026 through launches every one to two months on average. Assembly of 40 satellites equivalent of microns is expected to be completed by the first half of 2026. In 2026, the company expects to scale its space-based direct-to-device network from initial commercial activation toward the start of broader commercial service.
ASTS YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
ASTS Revenue by Segment
With YoY comparisons, source: SEC Filings
“For the first time in 2025, AST SpaceMobile became a revenue generating business and it significantly advanced all key aspects of our operations including commercial, government, manufacturing, spectrum rights, IP portfolio, and capital position.”
— Abel Avellan, Q4 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% |