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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 developing a low Earth orbit satellite network designed to deliver cellular broadband directly to standard, unmodified smartphones outside terrestrial coverage, using mobile network operators’ spectrum. Its planned service includes voice, text, data and video, with operators… From the company’s description.

In fiscal 2025, AST SpaceMobile, Inc. reported revenue of $70.92M, up 1505.2% from fiscal 2024, and a net loss of $461.01M. Its operating margin was −405.7%, and operations used $71.52M in cash. Over the twelve months to Jun 30, 2026, revenue was $115.30M.

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 developing a low Earth orbit satellite network designed to deliver cellular broadband directly to standard, unmodified smartphones outside terrestrial coverage, using mobile network operators’ spectrum. Its planned service includes voice, text, data and video, with operators marketing connectivity to their customers under anticipated revenue-sharing arrangements; the company also pursues satellite communications and other applications for government customers. It has definitive commercial agreements with AT&T, Verizon, Vodafone and Saudi Telecom Company, and partnerships with more than 50 mobile network operators representing nearly 3 billion subscribers. The company designs and manufactures its BlueBird satellites, while conducting assembly, integration and testing primarily at facilities in Texas and other locations in the United States, Spain and Israel. Its government work includes contracts and agreements for satellite testing and other services. The service has not yet launched, and existing revenue comes from government work and sales of gateway equipment, software and related services to mobile operators. In 2025, its global facilities covered approximately 450,000 square feet. Its website is https://ast-science.com.

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.

Connected research

Put this business in context.

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