AST SpaceMobile, Inc., together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States.MoreShow less
Profile & Fundamentals
AST SpaceMobile (ASTS.NASDAQ) Profile & Fundamentals
Review AST SpaceMobile reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
Explore this pageJump to a Profile & Fundamentals section
Explore this research
Profile & Fundamentals contents
Jump directly to any section
Company and Market Context
AST SpaceMobile: Company Profile & Ownership
AST SpaceMobile, Inc., together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States. The company provides a cellular broadband network in space to be accessible directly by smartphones for commercial use and other applications, as well as for government use. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.
Company profile record
Ast Spacemobile Inc
Common Stock · Communication Services · Wireless Telecommunication Services
Company
- Company / asset
- Ast Spacemobile Inc
- Security type
- Common Stock
- Sector
- Communication Services
- Industry
- Wireless Telecommunication Services
- HQ
- 🇺🇸 United States
- Head office
- Midland International Air & Space Port, Midland, TX, United States, 79706
Leadership & scale
- Chief executive
- Mr. Abel Avellan
- CEO year born
- 1971
- Full-time employees
- 1.1K
- Fiscal year end
- December
- IPO date
- 2019-11-01
Fundamentals snapshot
- Market Cap
- USD 10.1B
- P/E
- --
- Revenue (Q2 26)
- USD 31.5M
- Profit (Q2 26)
- USD -230.9M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 70.9M
- Shares in public float
- 272.7M
- Insider ownership
- 8.01%
Reporting & identifiers
- Symbol
- ASTS.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US00217D1000
- Asset ID
- equity_db8be0ab-5c67-5565-ad17-12673dfde07e
AST SpaceMobile: Ownership
Shares Outstanding
Latest: 299.1M | Max: 299.1M | Min: 28.8M
Latest reported ownership snapshot
Float Shares
91.19%
272.7M latest reported shares
Insider Ownership
8.01%
Latest reported insider stake
Short Float
0.22%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2019-01-01 | 28,750,000 |
| 2020-01-01 | 28,750,000 |
| 2021-01-01 | 51,731,000 |
| 2022-01-01 | 61,626,000 |
| 2023-01-01 | 90,161,300 |
| 2024-01-01 | 199,219,000 |
| 2025-01-01 | 255,982,600 |
| 2026-01-01 | 299,061,700 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Rakuten Group Inc | 15,510,078 | 5.17% | 2026-06-30 |
| BlackRock Inc | 15,273,481 | 5.09% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 13,330,558 | 4.45% | 2026-06-30 |
| Vanguard Capital Management, LLC | 12,515,363 | 4.17% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 9,041,478 | 3.02% | 2026-09-30 |
| Alphabet Inc | 8,943,486 | 2.98% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 7,317,827 | 2.44% | 2026-06-30 |
| UBS Group AG | 6,602,096 | 2.2% | 2026-06-30 |
| State Street Corp | 6,533,847 | 2.18% | 2026-06-30 |
| Marex Group Ltd | 6,220,357 | 2.07% | 2026-06-30 |
| Vodafone Ventures Ltd. | 5,471,743 | 1.83% | 2026-06-30 |
| Geode Capital Management, LLC | 5,105,125 | 1.7% | 2026-06-30 |
| The Goldman Sachs Group Inc | 3,872,227 | 1.29% | 2026-06-30 |
| Jane Street Group LLC | 3,584,274 | 1.2% | 2026-06-30 |
| NORGES BANK | 3,334,326 | 1.11% | 2026-06-30 |
AST SpaceMobile: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Recent financial results show an early-stage transition where revenue growth is overshadowed by substantial spending. Trailing twelve-month revenue reached approximately $115 million by mid-2026, up significantly from previous years due to gateway hardware deliveries and government milestones. However, this top-line ramp masks deep operating losses, with trailing net losses exceeding $600 million as satellite manufacturing and launch preparations accelerate. The critical takeaway for retail investors is that current sales do not yet reflect recurring monthly smartphone subscriptions. Until dozens of commercial satellites are operational and continuous cellular coverage begins, high engineering and factory costs will continue generating heavy accounting losses and net cash consumption.
Recent financial results show an early-stage transition where revenue growth is overshadowed by substantial spending. Trailing twelve-month revenue reached approximately $115 million by mid-2026, up significantly from previous years due to gateway hardware deliveries and government milestones. However, this top-line ramp masks deep operating losses, with trailing net losses exceeding $600 million as satellite manufacturing and launch preparations accelerate. The critical takeaway for retail investors is that current sales do not yet reflect recurring monthly smartphone subscriptions. Until dozens of commercial satellites are operational and continuous cellular coverage begins, high engineering and factory costs will continue generating heavy accounting losses and net cash consumption.
Revenue, Net Income, and Free Cash Flow
Latest: USD 70.9M | Max: USD 70.9M | Min: USD -1.1B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Current profitability figures look deeply negative because fixed orbital and engineering overhead vastly outstrips early revenue. While gross margins on hardware deliveries and government contracts reached roughly 53% in fiscal 2025, operating margins remain heavily submerged below negative 300% due to ongoing research, ground network maintenance, and administrative expenses. This distortion reflects the economics of a network that has not yet reached commercial scale. Routing wireless traffic through satellites has very low incremental costs once in orbit, but until millions of mobile subscribers generate steady wholesale fees, heavy fixed depreciation will continue to weigh on reported accounting margins.
Current profitability figures look deeply negative because fixed orbital and engineering overhead vastly outstrips early revenue. While gross margins on hardware deliveries and government contracts reached roughly 53% in fiscal 2025, operating margins remain heavily submerged below negative 300% due to ongoing research, ground network maintenance, and administrative expenses. This distortion reflects the economics of a network that has not yet reached commercial scale. Routing wireless traffic through satellites has very low incremental costs once in orbit, but until millions of mobile subscribers generate steady wholesale fees, heavy fixed depreciation will continue to weigh on reported accounting margins.
Profitability Margins
Latest: 53.4% | Max: 100.0% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
53.4%
Gross profit / revenue
Operating Margin
-405.7%
Operating income / revenue
Net Margin
-482.2%
Net income / revenue
FCF Margin
-1602.2%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2018-12-31 | 356,000 | -4,438,000 | -5,604,000 |
| 2019-12-31 | 1,414,000 | -10,885,000 | -4,558,969 |
| 2020-12-31 | 5,967,000 | -24,061,000 | -53,211,000 |
| 2021-12-31 | 12,405,000 | -30,553,000 | -134,887,000 |
| 2022-12-31 | 13,825,000 | -31,640,000 | -213,748,000 |
| 2023-12-31 | 0 | -87,561,000 | -267,749,000 |
| 2024-12-31 | 4,418,000 | -300,083,000 | -300,270,000 |
| 2025-12-31 | 70,918,000 | -341,940,000 | -1,136,258,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2018-12-31 | 54.21 | -1,286.24 | -1,246.63 | -1,574.16 |
| 2019-12-31 | 32.53 | -770.01 | -769.8 | -322.42 |
| 2020-12-31 | 49.3 | -393.33 | -403.23 | -891.75 |
| 2021-12-31 | 39.03 | -675.8 | -246.3 | -1,087.36 |
| 2022-12-31 | 51.44 | -1,054.35 | -228.86 | -1,546.1 |
| 2023-12-31 | Not reported | Not reported | Not reported | Not reported |
| 2024-12-31 | 100 | -5,494.84 | -6,792.28 | -6,796.51 |
| 2025-12-31 | 53.42 | -405.7 | -482.16 | -1,602.21 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-10.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
Complete Research Workspace
Unlock the complete Profile & Fundamentals
Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.