Filing Flows › AST SpaceMobile (ASTS) › Q3 2025
AST SpaceMobile (ASTS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
AST SpaceMobile (ASTS) reported revenue of $14.7M for the third quarter 2025 (Q3 2025), up 13-fold from a year earlier and up 13-fold from the quarter before.
AST SpaceMobile, Q3 2025: revenue $14.7M (13× year over year), net loss $164M, operating cash flow −$64.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.7M | 13× | 13× |
| Operating profit | −$163M | — | — |
| Net earnings | −$164M | — | — |
| Operating cash flow | −$64.5M | — | — |
What changed
Revenue was $14.7M in Q3 2025, up 1240% year over year and up 1175% from the previous quarter.
Operating costs exceeded revenue by $163.5M, an operating margin of -1109.0%. Total costs fell 41% while revenue rose 1240%. The fastest-growing cost line was General & admin (+92%). The quarter ended with a net loss of $163.8M, wider than the previous quarter's $135.9M loss. Minority interests bore $41.0M of it: to shareholders the quarter was a loss of $122.9M.
Operating cash flow was −$64.5M. Non-cash charges added back $12.7M of depreciation and amortization and $14.0M of share-based compensation. Working capital and other items added $72.7M. Capital expenditures of $238.4M exceeded it, leaving free cash flow of −$302.9M.
Questions
What was AST SpaceMobile's revenue in the third quarter 2025?
AST SpaceMobile (ASTS) reported revenue of $14.7M for the third quarter 2025 (Q3 2025), up 13-fold from a year earlier and up 13-fold from the quarter before.
Source: AST SpaceMobile 10-Q on SEC EDGAR.