Filing Flows › AST SpaceMobile (ASTS) › Q1 2025
AST SpaceMobile (ASTS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
AST SpaceMobile (ASTS) reported revenue of $718K for the first quarter 2025 (Q1 2025), +44% from a year earlier and -62% from the quarter before.
AST SpaceMobile, Q1 2025: revenue $718K (+44% year over year), net loss $63.6M, operating cash flow −$28.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $718K | -62% | +44% |
| Operating profit | −$63.5M | — | — |
| Net earnings | −$63.6M | — | — |
| Operating cash flow | −$28.5M | — | — |
What changed
Revenue was $718K in Q1 2025, up 44% year over year and down 62% from the previous quarter.
Operating costs exceeded revenue by $63.5M, an operating margin of -8838.4%. Total costs grew 60% against revenue growth of 44%. The fastest-growing cost line was Research & development (+68%). The quarter ended with a net loss of $63.6M, wider than the previous quarter's $52.1M loss. Minority interests bore $17.9M of it: to shareholders the quarter was a loss of $45.7M.
Operating cash flow was −$28.5M. Non-cash charges added back $11.0M of depreciation and amortization and $7.8M of share-based compensation. Working capital and other items added $16.3M. Capital expenditures of $120.5M exceeded it, leaving free cash flow of −$149.0M.
Questions
What was AST SpaceMobile's revenue in the first quarter 2025?
AST SpaceMobile (ASTS) reported revenue of $718K for the first quarter 2025 (Q1 2025), +44% from a year earlier and -62% from the quarter before.
Source: AST SpaceMobile 10-Q on SEC EDGAR.