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AST SpaceMobile (ASTS) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 9, 2026

AST SpaceMobile (ASTS) reported revenue of $42.3M for the third quarter 2026 (Q3 2026), +187% from a year earlier and +34% from the quarter before. Operating margin was -414.9%, net loss $172M (406.0% of revenue).

Revenue$42.3M
Year over year+187%
Quarter over quarter+34%
Operating margin-414.9%
Net earnings−$172M

AST SpaceMobile, Q3 2026: revenue $42.3M (+187% year over year), operating margin -414.9%, net loss $172M, operating cash flow −$169M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$42.3M+34%+187%
Operating profit−$176M——
Net earnings−$172M——
Operating cash flow−$169M——

What changed

Revenue was $42.3M in Q3 2026, up 187% year over year and up 34% from the previous quarter. Service was the largest line at 51% of revenue. Service added $14.8M year over year (up 211%), 54% of the total change.

Operating costs exceeded revenue by $175.6M, an operating margin of -414.9%. Total costs grew 22% against revenue growth of 187%. The fastest-growing cost line was General & admin (+87%). The quarter ended with a net loss of $171.8M, narrower than the previous quarter's $299.9M loss. Minority interests bore $39.4M of it: to shareholders the quarter was a loss of $132.4M.

Operating cash flow was −$169.3M. Non-cash charges added back $25.1M of depreciation and amortization and $52.3M of share-based compensation. Working capital and other items used $74.9M. Capital expenditures of $295.0M exceeded it, leaving free cash flow of −$464.2M.

Questions

What was AST SpaceMobile's revenue in the third quarter 2026?

AST SpaceMobile (ASTS) reported revenue of $42.3M for the third quarter 2026 (Q3 2026), +187% from a year earlier and +34% from the quarter before.

Was AST SpaceMobile profitable in the third quarter 2026?

Operating loss was $176M (-414.9% of revenue) and net loss $172M.

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Source: AST SpaceMobile 10-Q on SEC EDGAR.