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AST SpaceMobile

ASTS

AST SpaceMobile is developing the first global cellular broadband network in space designed to be accessible directly by standard, unmodified smartphones.

Market cap
$22.07B+102%
Revenue$84.9M+1,732%
Net income-$487.2M-49.4%
Free cash flow-$1.3B-259%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 10, 2026 (in a month)
Revenue estimate$35.2M
EPS estimate-$0.28

Financials

Q1 2026

Income statement

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Revenue$14.7M+1,952%
Net income-$191.0M-318%

Balance sheet

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Cash & equivalents$3.5B+300%
Total debt$3.0B+523%
Total equity$2.7B+247%
Total assets$6.1B+342%

Cash flow

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Operating cash flow-$48.1M-68.4%
CapEx$261.6M+117%
Free cash flow-$309.7M-108%

Valuation & ratios

Valuation

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Market cap$22.07B+102%
Enterprise value$21.56B+97.0%
P/S259.9×-2,066×

Profitability

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Net margin-573.7%-275pp
FCF margin-1,526.9%-681pp

Returns & leverage

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Return on equity-28.4%-10.0pp
Debt / equity1.1×+0.5×
Current ratio18.5×+7.8×

Segments

By product

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Service$1.3M+287%

Competitors

Profile

AST SpaceMobile is developing the first global cellular broadband network in space designed to be accessible directly by standard, unmodified smartphones. The company's technology enables existing mobile devices to connect to high-speed satellite services without the need for specialized hardware or additional equipment. By leveraging a constellation of high-powered, large phased-array satellites, the company aims to eliminate connectivity gaps for billions of mobile subscribers globally.

Competitive position

A first-mover in the direct-to-cell satellite market with a significant patent portfolio and the largest commercial phased-array antennas in LEO.

GeographiesGlobal, United States, Canada, Europe, Japan, Saudi Arabia
Customer segmentsTelecommunications companies, Government agencies, Consumer mobile users
Business modelRevenue-sharing, B2B2C, Government contracting
SuppliersSatellite component manufacturers, Launch service providers, Semiconductor foundries, Spectrum license holders
CustomersMobile Network Operators, Government defense and intelligence agencies, End-user mobile subscribers
Listed2021
Employees489.0
CEOAbel Avellan
FilingsSEC EDGAR

Questions, answered.

What is AST SpaceMobile's market cap?
AST SpaceMobile (ASTS) has a market capitalization of $22.1B and trades on NASDAQ.
What is AST SpaceMobile's revenue and profitability?
AST SpaceMobile generated $84.9M in trailing twelve-month revenue with a net loss of $487.2M, representing a net margin of -573.7%. Gross margin stands at 39.4%, with free cash flow of -$1.3B. These figures are based on the Q1 2026 filing.
Who are AST SpaceMobile's competitors?
AST SpaceMobile's key competitors include Globalstar, Iridium Communications, Comtech Telecommunications, and others. These companies compete in similar markets and product categories.
Who does AST SpaceMobile partner with?
AST SpaceMobile's notable partners include AT&T, Verizon, Vodafone, and others.
What subsidiaries does AST SpaceMobile have?
AST SpaceMobile's subsidiaries include SatCo.
Where is AST SpaceMobile headquartered?
AST SpaceMobile is headquartered in United States of America and employs approximately 489 people. It has been publicly traded since 2021.