Income StatementBalance SheetCash FlowSegments
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AST SpaceMobile Balance Sheet Statement

Assets, liabilities, and shareholders' equity

AST SpaceMobile holds $6.1B in total assets. Shareholders' equity is $2.7B against $3.0B in total debt. Cash and equivalents total $3.5B. The current ratio is 18.47 and debt-to-equity is 1.12. Based on the Q1 2026 filing.

Total Assets$6.1BTotal Stockholders Equity$2.7BLong Term Debt$3.0BCash And Equivalents$3.5BTotal Current Assets$3.2BTotal Current Liabilities$170.7M
Latest FilingQ1 2026
Report Date2026-05-11
Market Cap$25.9B
ROE-28.43%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$17.0M$10.8M$22.7M$50.7M$46.8M$60.9M
Accrued expenses$3.3M$3.5M$9.3M$4.8M$8.5M$11.4M
Accrued liabilities and other current$12.2M$26.2M$42.7M$48.7M$69.2M$72.7M
Accrued Manufacturing Costs$3.3M$3.5M$9.3M$4.8M$8.5M$11.4M
Accrued Progress Collections and Price Adjustments$0.0——$43.5M$207.1M$207.1M
Other Commercial Liabilities$296.0K$3.6M$8.5M$2.9M$12.7M$12.8M
Contract liabilities$42.0M$41.8M$43.1M$43.5M$207.1M$207.1M
Accrued Expenses And Other Current Liabilities$12.2M$26.2M$42.7M$48.7M$69.2M$72.7M
Accrued Liabilities, Current$296.0K$3.6M$8.5M$2.9M$12.7M$12.8M
Compensation and benefits$3.3M$3.5M$9.3M$4.8M$8.5M$11.4M
Current portion of long-term debt$2.9M$3.7M$7.6M$8.9M$12.0M$8.2M
Deferred revenue$42.0M——$23.1M$19.9M$25.9M
Operating lease liabilities, current$1.9M$1.8M$2.2M$2.1M$2.4M$3.0M
Professional Service Fees Payable$1.8M$2.1M$6.6M$8.2M$6.4M$10.9M
Total current liabilities$75.9M$84.2M$118.3M$133.6M$150.3M$170.7M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$1.4M-$1.3M—$11.5M$37.7M$27.5M
Cash and cash equivalents$567.5M$874.5M$939.4M$1.2B$2.8B$3.5B
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)$567.5M$874.5M$939.4M$1.2B$2.8B$3.5B
Other current assets$22.4M$14.0M$23.6M$25.2M$60.3M$67.3M
Inventories$1.1M$9.0K—$10.9M$12.0M$16.8M
Prepaid expenses and other current assets$7.9M$6.1M$10.2M$9.3M$12.0M$10.7M
Restricted cash$2.5M$680.0K$15.8M$15.8M$877.0K$873.0K
Total current assets$600.2M$894.6M$973.2M$1.3B$2.5B$3.2B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$969.0M$1.1B$1.5B$2.0B$2.7B$3.1B
Accumulated other comprehensive income (loss)-$176.0K$98.0K$1.1M$1.2M$1.4M$1.1M
Convertible Preferred Stock Authorized Shares—100M100M100M—100M
Convertible Preferred Stock Issued Shares—————0
Convertible Preferred Stock Outstanding Shares—000—0
Noncontrolling interests$190.0M$198.1M$290.4M$385.6M$550.9M$581.5M
Number of Exercisable Options—5.2M4.5M4.2M—3.8M
Preferred Stock Par Value Per Share—$0.00$0.00$0.00—$0.00
Retained earnings-$489.7M-$535.5M-$634.8M-$757.7M-$831.7M-$1.0B
Share-Based Payment Award Options Outstanding - Number6.4M6M5.3M5M4.7M4.5M
Total liabilities and stockholders' equity$954.6M$1.4B$1.9B$2.6B$5.0B$6.1B
Total stockholders' equity$669.1M$766.7M$1.2B$1.6B$2.4B$2.7B
Weighted Average Exercise Price of Exercisable Options—$1.06$1.11$1.16—$1.15
Weighted Average Exercise Price of Outstanding Options$1.14$0.98$1.01$1.04$1.04$1.03

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$0.0——$43.5M$207.1M$207.1M
Debt Instrument Face Amount$167.5M$479.4M$503.6M$724.4M$2.3B$3.0B
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$9.0M$13.5M$13.4M$17.8M$44.9M$52.6M
Long-term debt$155.6M$462.2M$482.5M$697.6M$2.2B$3.0B
Deferred revenue, net of current portion$0.0——$43.5M$207.1M$207.1M
Operating lease liabilities, non-current$12.7M$12.1M$13.3M$13.8M$17.5M$16.8M
Other non-current liabilities$0.0——$31.8M$32.1M$32.4M
Total liabilities$285.4M$603.0M$723.6M$924.9M$2.6B$3.4B
Unrecognized Tax Benefits$0.0$0.0$0.0$0.0$0.0$0.0

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Revenue Timing Percentage—————8.4%
Accrued Costs Of Acquiring Intangible Assets$0.0——$5.4M$5.6M$0.0
Professional service fees$1.8M$2.1M$6.6M$8.2M$6.4M$10.9M
Accrued Property And Equipment$3.8M$9.6M$9.5M$17.4M$23.6M$22.2M
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable———$154.0M—$208.2M
Cash and cash equivalents, end of period$567.5M$874.5M$939.4M$1.2B$2.8B$3.5B
Contract with Customer, Liability$42.0M$41.8M$43.1M$66.6M$227.0M$233.0M
Debt issuances$167.5M$479.4M$503.6M$724.4M$2.3B$3.0B
Deposit Assets——$15.0M$15.0M$15.0M—
Inventory Received But Not Invoiced$0.0——$4.2M$4.0M$7.4M
Fair value of long-term debt$562.4M$560.1M$947.1M$855.9M$2.5B$3.2B
Noncontrolling interests in subsidiaries$190.0M$198.1M$290.4M$385.6M$550.9M$581.5M
Number Of Patent Granted—1650.001700.001800.00—2000.00
Number Of Patent Pending Claims—3650.003700.003800.00—3900.00
Other accrued liabilities$3.0M$3.4M$4.8M$5.9M$8.4M$8.1M
Preferred Stock, Par or Stated Value Per Share—$0.0$0.0$0.0—$0.0
Preferred Stock, Shares Authorized—$100.0M$100.0M$100.0M—$100.0M
Preferred Stock, Shares Issued—————$0.0
Preferred Stock, Shares Outstanding—$0.0$0.0$0.0—$0.0
Prepaid expenses$7.9M$6.1M$10.2M$9.3M$12.0M$10.7M
Property Plant And Equipment Net Exculed Construction In Progress$460.0M$584.1M$906.9M$1.2B$1.6B$1.8B
Set Of Patents—36.0036.0036.00—38.00
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number—$5.2M$4.5M$4.2M—$3.8M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$6.4M$6.0M$5.3M$5.0M$4.7M$4.5M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$1.1$1.0$1.0$1.0$1.0$1.0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price—$1.0$1.1$1.1—$1.2
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares869.1K808.6K783.7K765.9K755.9K755.9K
Share-Based Compensation Arrangement by Share-Based Payment Award, Option, Nonvested, Weighted Average Exercise Price$0.64$0.47$0.38$0.29$0.24$0.24
Third Party Transaction Costs Regarding Capitalized Amount—$4.0M$4.0M$4.0M—$4.5M
Unamortized Debt Issuance Expense$9.0M$13.5M$13.4M$17.8M$44.9M$52.6M
Unamortized End Of Term Payments————$4.0M$3.6M
Unrecognized tax benefits$0.0$0.0$0.0$0.0$0.0$0.0
Warrant Liabilities$41.2M$44.5M$109.5M$4.6M$7.5M$0.0

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Goodwill$0.0——$213.8M$245.1M$267.7M
Goodwill and Intangible Assets, Net$0.0——$213.8M$245.1M$267.7M
Long-term investments$510.4M$853.6M$792.4M$1.2B$2.0B$2.8B
Net Investment in Lease$14.0M$13.4M$15.0M$15.5M$19.4M$19.3M
Goodwill and intangible assets, net$0.0——$213.8M$245.1M$267.7M
Operating lease right-of-use assets$14.0M$13.4M$15.0M$15.5M$19.4M$19.3M
Other Non Current Assets$2.6M$10.8M$131.5M$36.8M$449.2M$544.9M
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$510.4M$853.6M$792.4M$1.2B$2.0B$2.8B
Operating lease right-of-use assets$14.0M$13.4M$15.0M$15.5M$19.4M$19.3M
Operating Lease Right-of-Use Assets in Other Assets$14.0M$13.4M$15.0M$15.5M$19.4M$19.3M
Accumulated depreciation$122.4M$133.3M$145.3M$158.0M$173.7M$191.0M
Property and equipment, net$337.7M$450.8M$761.6M$1.0B$1.4B$1.6B
Total assets$954.6M$1.4B$1.9B$2.6B$5.0B$6.1B