AST SpaceMobile reports full-year 2025 revenue of $70.9 million and Q4 net loss of $74.0 million

AST SpaceMobile reported 2025 revenue of $70.9 million, with fourth-quarter revenue of $54.3 million driven by gateway deliveries and U.S. Government milestones. The fourth-quarter net loss attributable to common stockholders was $74.0 million, or $0.26 per share. The company said it had over $1.2 billion of contracted revenue commitments from partners and pointed to a target of 45 to 60 satellites in orbit by the end of 2026.

• FY2025 revenue $70.9 million; Q4 2025 revenue $54.3 million (product $36.2 million, services $18.1 million)
• Q4 2025 net loss attributable to common stockholders $74.0 million, $(0.26) per share
• Over $1.2 billion of aggregate contracted revenue commitments from commercial partners
• Cash, equivalents and restricted cash $2.8 billion at Dec. 31, 2025; over $3.9 billion pro forma for the February 2026 convertible notes
• February 2026 notes: $1.075 billion gross, 2.250% coupon, $116.30 effective conversion price per Class A share