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How AST SpaceMobile (ASTS) makes money

AST SpaceMobile (ASTS) made $31.5M of revenue in the second quarter 2026 (Q2 2026), up 27-fold from a year earlier. Product brought in $24.4M (78%); Service brought in $7.1M (22%).

Drawing the Sankey…

AST SpaceMobile revenue by segment, Q2 2026AST SpaceMobile revenue by segment, Q2 2026Product$24.4MService$7.1M
AST SpaceMobile revenue by quarterAST SpaceMobile revenue by quarter$1.9MQ4 2024$718KQ1 2025$1.2MQ2 2025$14.7MQ3 2025$54.3MQ4 2025$14.7MQ1 2026$31.5MQ2 2026
AST SpaceMobile: where each dollar of revenue goesAST SpaceMobile: where each dollar of revenue goesIncome tax4¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Product$24.4M77.5%+82%489×
Service$7.1M22.5%+434%+541%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$31.5M100.0%
Income tax$1.1M3.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$31.5M27×
Q1 2026$14.7M21×
Q4 2025$54.3M29×
Q3 2025$14.7M13×
Q2 2025$1.2M+28%
Q1 2025$718K+44%
Q4 2024$1.9M—

From AST SpaceMobile's 10-Q filed Aug 10, 2026 (on EDGAR).

Questions

How does AST SpaceMobile make money?

AST SpaceMobile (ASTS) made $31.5M of revenue in the second quarter 2026 (Q2 2026), up 27-fold from a year earlier. Product brought in $24.4M (78%); Service brought in $7.1M (22%).

What is AST SpaceMobile's biggest business?

Product: $24.4M in the second quarter 2026, 78% of revenue, up 489-fold from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.