$ASTS · AST SpaceMobile, Inc.
AST SpaceMobile filed its 10-Q for the quarter ended September 30, 2026. Total revenues rose to $42.3M from $14.7M a year earlier, driven by products ($20.6M) and services ($21.8M). Net loss attributable to common stockholders widened to $132.4M ($0.44/share) from $122.9M ($0.45/share), while nine-month loss reached $554.3M. Cash and equivalents stood at $2.80B against long-term debt of $4.08B.
- Q3 revenue of $42.3M vs $14.7M a year ago, up ~187%.
- Net loss attributable to common stockholders was $132.4M, or $0.44 per share.
- Nine-month net loss reached $554.3M, nearly double the $268.0M prior-year loss.
- Cash and equivalents of $2.80B versus long-term debt of $4.08B.
- Nine-month loss on involuntary conversion of $125.96M tied to the BB7 launch.
Extended-hours last trade $37.24, up 0.95% vs the $36.89 regular close, suggesting a muted positive reaction despite the widening loss.
Revenue tripling signals commercial traction, but the widening loss and heavy debt load temper the growth story.
AST SpaceMobile's revenue ramp from near-zero a year ago reflects early commercialization of its direct-to-device satellite constellation, a key milestone for the emerging space-based cellular broadband sector.
The $125.96M loss on involuntary conversion (BB7 launch) and $4.08B long-term debt against $2.80B cash highlight execution and balance-sheet risk as the company scales its constellation.