Filing Flows › AST SpaceMobile (ASTS) › Q4 2025
AST SpaceMobile (ASTS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 2, 2026
AST SpaceMobile (ASTS) reported revenue of $54.3M for the fourth quarter 2025 (Q4 2025), up 29-fold from a year earlier and +268% from the quarter before. Operating margin was -175.0%, net loss $97.7M (179.8% of revenue).
AST SpaceMobile, Q4 2025: revenue $54.3M (29× year over year), operating margin -175.0%, net loss $97.7M, operating cash flow $65.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.3M | +268% | 29× |
| Operating profit | −$95.0M | — | — |
| Net earnings | −$97.7M | — | — |
| Operating cash flow | $65.0M | — | — |
What changed
Revenue was $54.3M in Q4 2025, up 2758% year over year and up 268% from the previous quarter.
Operating costs exceeded revenue by $95.0M, an operating margin of -175.0%. Total costs grew 177% against revenue growth of 2758%. The fastest-growing cost line was Other operating costs (+250%). The quarter ended with a net loss of $97.7M, narrower than the previous quarter's $163.8M loss. Minority interests bore $23.7M of it: to shareholders the quarter was a loss of $74.0M.
Operating cash flow was $65.0M. Non-cash charges added back $15.7M of depreciation and amortization and $15.2M of share-based compensation. Working capital and other items added $131.8M. Capital expenditures of $395.7M exceeded it, leaving free cash flow of −$330.7M.
Questions
What was AST SpaceMobile's revenue in the fourth quarter 2025?
AST SpaceMobile (ASTS) reported revenue of $54.3M for the fourth quarter 2025 (Q4 2025), up 29-fold from a year earlier and +268% from the quarter before.
Was AST SpaceMobile profitable in the fourth quarter 2025?
Operating loss was $95.0M (-175.0% of revenue) and net loss $97.7M.
Source: AST SpaceMobile 10-K on SEC EDGAR.