Income StatementBalance SheetCash FlowSegments
AST SpaceMobile logo

AST SpaceMobile Cash Flow Statement

Operating, investing, and financing cash movements

AST SpaceMobile generated -$184.5M in operating cash flow over the trailing twelve months. After $1.2B in capital expenditures, free cash flow was -$1.3B. Free cash flow decreased 2.6% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)-$164.9MNet Cash From Investing (TTM)-$1.8BNet Cash From Financing (TTM)$4.5BCapital Expenditures (TTM)$1.2BDepreciation And Amortization Cf (TTM)$57.8MNet Change In Cash (TTM)$2.6B
Latest FilingQ1 2026
Report Date2026-05-11
Market Cap$25.9B
ROE-28.43%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain on sale of property, plant, and equipment-$555.3K$0.0$0.0-$1.0M-$3.6M-$1.8M
Share of Profits (Losses) of Related Party$0.0$0.0———-$4.9M
Amortization of debt issuance costs$734.0K$309.0K$400.0K$500.0K$1.5M$2.0M
Change in accounts payable—$715.0K$20.0M-$2.9M$14.5M$24.0M
Change in accounts receivable-$95.0K-$1.3M———-$10.3M
Change in deferred revenue$19.5M-$210.0K$1.3M$23.5M$136.9M$6.0M
Change in inventories$265.5K$9.0K———$4.7M
Change in other assets$6.1M-$10.6M$12.6M$3.2M$22.5M$5.8M
Other working capital changes—-$1.2M$3.9M$9.9M—$2.5M
Other Non-cash Expense$739.8K$497.0K———$698.0K
Depreciation and amortization$8.5M$11.0M$11.7M$12.7M$15.7M$17.6M
Equity in income of investees$0.0$0.0———-$4.9M
Other non-cash income$0.0$0.0———$301.0K
Gain (loss) on sale of assets-$555.3K$0.0$0.0-$1.0M-$3.6M-$1.8M
Income (Loss) from Equity Method Investments$0.0$0.0———-$4.9M
Income (Loss) from Equity Method Investments$0.0$0.0———-$4.9M
Income (Loss) from Equity Method Investments$0.0$0.0———-$4.9M
Net cash from operating activities-$28.4M-$28.5M-$43.5M-$64.5M—-$48.1M
Net income-$52.1M-$63.6M-$135.9M-$163.8M-$97.7M-$249.6M
Amortization Of Debt Commitment Fee$0.0$0.0———$2.2M
Amortization expense related to capitalized debt issuance costs$734.0K$309.0K$400.0K$500.0K$1.5M$2.0M
Equity in earnings (losses) of equity method investees$0.0$0.0———-$4.9M
Increase (Decrease) in Prepaid Expense and Other Assets$6.3M-$9.3M$11.3M$3.2M$22.5M$5.8M
Debt conversion inducement expense$0.0$0.0———$88.7M
Write Off Of Unamortized Debt Issuance Costs$1.4M$0.0———$63.0K
Other Non-Cash Adjustments$739.8K$497.0K———$698.0K
Income (Loss) from Equity Method Investments$0.0$0.0———-$4.9M
Other Non-cash Expense$739.8K$497.0K———$698.0K
Stock-based compensation$11.4M$7.8M$10.5M$14.0M$15.2M$55.4M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Payments for derivative instruments, financing$0.0$44.5M$0.0$54.1M$0.0$0.0
Proceeds from derivative instruments, financing$0.0$18.6M$18.6M$18.6M$18.6M—
Proceeds from issuance of debt$0.0$449.2M$24.3M$570.3M$1.6B$1.1B
Repayments of debt$48.6M$65.0K$861.0K$2.0M$2.2M$18.2M
Payments Of Debt Issuance Costs$0.0$6.4M$116.0K-$609.0K$5.7M$3.1M
Payments Of Stock Issuance Costs$5.2M$1.5M$8.4M$1.5M$13.0M$458.0K
Proceeds from issuances of debt$0.0$449.2M$24.3M$570.3M$1.6B$1.1B
Proceeds from issuance of common stock relating to employee stock plans$1.9M$4.2M$3.0M$850.0K$3.8M$2.5M
Repayments of Debt$48.6M$65.0K$861.0K$2.0M$2.2M$18.2M
Payments for Derivative Financing Activities$0.0$44.5M$0.0$54.1M$0.0$0.0
Proceeds from Derivative Financing Activities$0.0$18.6M$18.6M$18.6M$18.6M—
Net cash from financing activities$159.5M$455.9M$419.8M$611.4M$2.3B$1.1B
Payment of debt issuance costs$0.0$6.4M$116.0K-$609.0K$5.7M$3.1M
Proceeds from issuance of common stock$213.0M$56.3M$406.5M$113.8M$719.3M$80.7M
Taxes paid for net share settlement$1.9M$1.4M$4.7M$12.7M$4.3M$20.1M
Payments for Derivative Instrument Financing Activities$0.0$44.5M$0.0$54.1M$0.0$0.0
Payments of Stock Issuance Costs$5.2M$1.5M$8.4M$1.5M$13.0M$458.0K

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
ROU assets obtained - operating leases$2.2M$1.8M$1.8M$1.8M$1.8M$310.0K
Income taxes paid$534.0K$700.0K$623.0K$339.0K$5.1M$1.0M
Interest paid$5.3M$3.9M-$3.1M$3.4M$3.6M$10.7M
ROU Asset Obtained for Lease Liability$2.2M$1.8M$1.8M$1.8M$1.8M$310.0K
Acquisition Of Equity Investment In And Loan Receivable$0.0$5.9M$5.9M$5.9M$5.9M—
Convertible Notes Settled By Issuance Of Common Stock$0.0$139.6M$0.0$0.0$0.0$0.0
Income Taxes Paid, Net$534.0K$700.0K$623.0K$339.0K$5.1M$1.0M
Pik Interest Paid Through Issuance Of Pik Notes$0.0$497.0K$0.0$0.0$0.0$0.0
Purchases Of Property And Equipment In Accounts Payable And Accrued Expense$4.2M$12.9M$9.2M$21.6M$13.0M$55.2M
Settlement Of Warrant Liabilities By Issuing Shares$64.3M$0.0———$8.6M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$82.0M$120.5M$310.2M$238.4M$395.7M$261.6M
Payments for Advance to Affiliate$0.0$0.0———$100.0M
Payments to Acquire Intangible Assets$0.0$0.0———$17.7M
Net cash from investing activities-$82.0M-$120.5M-$310.2M-$266.4M-$844.1M-$379.3M
Purchases of intangible assets$0.0$0.0———$17.7M
Payments for Deposits$0.0$0.0———$17.7M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow-$110.5M-$149.0M-$353.6M-$302.9M-$330.7M-$309.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$421.0K$61.0K-$1.2M$143.0K-$1.4M$891.0K
Net increase (decrease) in cash$48.6M$306.9M$64.9M$280.7M$1.6B$678.9M
Purchases of intangible assets included in accrued expenses and other liabilities$0.0$0.0———$10.6M
Leased assets obtained in exchange for operating lease liabilities$2.2M$1.8M$1.8M$1.8M$1.8M$310.0K