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Companies / Communication Services / AST SpaceMobile, Inc.
ASTS

AST SpaceMobile, Inc.

Ticker ASTSMIDLAND, TXFiscal year ends DecemberBook value per share $6.42Diluted shares 294.9M

AST SpaceMobile, Inc. (NASDAQ: ASTS) is building the first global Cellular Broadband network in space designed to deliver high-speed connectivity directly to standard, unmodified smartphones and 2G/4G-LTE/5G devices. The company's SpaceMobile Service leverages a constellation of high-powered, large phased-array… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$70.92MFY2025
+1505.2% year over year
Last 12 mo $115.30M
-405.70%FY2025
+5089.1 percentage points
Last 12 mo -519.47%
$-461.01MFY2025
+12.4% year over year
Last 12 mo $-810.98M
-18.57%FY2025
+44.1 percentage points
Last 12 mo -32.67%
Cash & financing
$-71.52MFY2025
+43.3% year over year
Last 12 mo $-144.70M
$-1.56BFY2025
−418.3% year over year
Last 12 mo $-2.16B
1.21FY2025
Was 0.33× a year earlier
Last 12 mo 1.57
256.0MFY2025
+65.7% year over year
Last 12 mo 294.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What AST SpaceMobile, Inc. does

In the company’s own words

AST SpaceMobile, Inc. (NASDAQ: ASTS) is building the first global Cellular Broadband network in space designed to deliver high-speed connectivity directly to standard, unmodified smartphones and 2G/4G-LTE/5G devices. The company's SpaceMobile Service leverages a constellation of high-powered, large phased-array satellites in low Earth orbit using low-band and mid-band spectrum controlled by mobile network operators. The service is engineered to provide cost-effective broadband to end-users outside terrestrial cellular coverage without requiring new equipment or specialized devices.

AST SpaceMobile operates through partnerships with over 50 mobile network operators representing nearly three billion subscribers globally. The company has secured definitive commercial agreements with AT&T, Verizon, Vodafone, and Saudi Telecom Company to provide SpaceMobile Service across the United States, Europe, and key international markets. The business model centers on revenue-sharing arrangements with MNOs, who market the service to their existing customer bases rather than AST SpaceMobile competing directly with carriers.

The company has demonstrated significant technological progress through successful testing milestones, including two-way 5G voice calls to unmodified smartphones, download speeds exceeding 21 megabits per second, and the first-ever VoLTE call over satellite. AST SpaceMobile launched five Block 1 BlueBird satellites in September 2024 and commenced its Block 2 satellite deployment in December 2025, featuring the largest commercial phased array ever deployed in LEO at approximately 2,400 square feet.

AST SpaceMobile maintains a global footprint of approximately 450,000 square feet across multiple facilities, including satellite assembly, integration, and testing operations in Texas, battery and propulsion assembly in Florida, avionics testing in Spain, and electronic component assembly in Israel. The company also operates engineering and development centers in the United States, India, and Scotland. The company owns or controls the intellectual property and manufacturing processes for approximately 95 percent of subsystems used in Block 2 satellites, with an IP portfolio comprising approximately 3,850 patent and patent pending claims worldwide, of which approximately 1,900 have been officially granted or allowed. Visit www.astspacemobile.com for more information.

Company details
Sector
Communication Services
Industry (SIC)
Communications
Headquarters
MIDLAND, TX
Fiscal year end
December
CIK
1780312
SIC
4899

Financial performance, year by year

Fiscal 2020–2025 · USD
$-903.61M$-625.72M$-347.84M$-69.96M$207.93M202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns AST SpaceMobile, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

319
funds hold it
0 of 35
superinvestors hold it
$4.47B
held by funds, at market
16.4%
of shares held by funds
3
bond issues held by funds

Largest fund holders · AST SpaceMobile, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.15%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.12%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.27%of fund net assets
VANGUARD GROWTH INDEX FUND
VUG · VANGUARD INDEX FUNDS
0.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

AST SpaceMobile, Inc.’s bonds, as funds hold them

Funds report holding 3 issues of AST SpaceMobile, Inc.’s debt, $416.61M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 2.12%, maturing 2032 to 2036.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

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