Filing Flows › AST SpaceMobile (ASTS) › Q2 2025
AST SpaceMobile (ASTS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
AST SpaceMobile (ASTS) reported revenue of $1.2M for the second quarter 2025 (Q2 2025), +28% from a year earlier and +61% from the quarter before.
AST SpaceMobile, Q2 2025: revenue $1.2M (+28% year over year), net loss $136M, operating cash flow −$43.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2M | +61% | +28% |
| Operating profit | −$135M | — | — |
| Net earnings | −$136M | — | — |
| Operating cash flow | −$43.5M | — | — |
What changed
Revenue was $1.2M in Q2 2025, up 28% year over year and up 61% from the previous quarter.
Operating costs exceeded revenue by $135.2M, an operating margin of -11692.1%. Total costs grew 3% against revenue growth of 28%. The fastest-growing cost line was General & admin (+53%). The quarter ended with a net loss of $135.9M, wider than the previous quarter's $63.6M loss. Minority interests bore $36.5M of it: to shareholders the quarter was a loss of $99.4M.
Operating cash flow was −$43.5M. Non-cash charges added back $11.7M of depreciation and amortization and $10.5M of share-based compensation. Working capital and other items added $70.2M. Capital expenditures of $310.2M exceeded it, leaving free cash flow of −$353.6M.
Questions
What was AST SpaceMobile's revenue in the second quarter 2025?
AST SpaceMobile (ASTS) reported revenue of $1.2M for the second quarter 2025 (Q2 2025), +28% from a year earlier and +61% from the quarter before.
Source: AST SpaceMobile 10-Q on SEC EDGAR.