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AST SpaceMobile (ASTS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
AST SpaceMobile (ASTS) reported revenue of $14.7M for the first quarter 2026 (Q1 2026), up 21-fold from a year earlier and -73% from the quarter before.
AST SpaceMobile, Q1 2026: revenue $14.7M (21× year over year), net loss $250M, operating cash flow −$48.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.7M | -73% | 21× |
| Operating profit | −$248M | — | — |
| Net earnings | −$250M | — | — |
| Operating cash flow | −$48.1M | -174% | — |
What changed
Revenue was $14.7M in Q1 2026, up 1952% year over year and down 73% from the previous quarter. Product was the largest line at 91% of revenue. Product added $13.0M year over year (up 3475%), 93% of the total change.
Operating costs exceeded revenue by $248.4M, an operating margin of -1685.9%. Total costs grew 310% against revenue growth of 1952%. The fastest-growing cost line was Other operating costs (+449%). The quarter ended with a net loss of $249.6M, wider than the previous quarter's $97.7M loss. Minority interests bore $58.6M of it: to shareholders the quarter was a loss of $191.0M.
Operating cash flow was −$48.1M. Non-cash charges added back $17.6M of depreciation and amortization and $55.4M of share-based compensation. Working capital and other items added $128.6M. Capital expenditures of $261.6M exceeded it, leaving free cash flow of −$309.7M.
Questions
What was AST SpaceMobile's revenue in the first quarter 2026?
AST SpaceMobile (ASTS) reported revenue of $14.7M for the first quarter 2026 (Q1 2026), up 21-fold from a year earlier and -73% from the quarter before.
Source: AST SpaceMobile 10-Q on SEC EDGAR.