Financial Statements — ASTS
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 3.03 | 1.20 | 0.92 | 0.87 | 0.52 | 0.29 | 0.21 | 0.13 | 0.19 | 0.19 | 0.20 | 0.20 | 0.25 | 0.36 | 0.40 | 0.05 |
| Short-term Investments | 2.80 | 1.18 | 0.79 | 0.85 | 0.43 | 0.26 | 0.20 | 0.12 | 0.18 | 0.18 | 0.19 | 0.19 | 0.25 | -- | 0.40 | -- |
| Accounts Receivable | 0.03 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Inventory | 0.02 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Total Current Assets | 3.15 | 1.28 | 0.97 | 0.89 | 0.55 | 0.32 | 0.24 | 0.16 | 0.22 | 0.23 | 0.23 | 0.23 | 0.27 | 0.37 | 0.41 | 0.05 |
| Property, Plant & Equipment | 1.64 | 1.01 | 0.76 | 0.45 | 0.26 | 0.25 | 0.25 | 0.22 | 0.17 | 0.16 | 0.14 | 0.12 | 0.11 | 0.08 | 0.05 | -- |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- |
| Total Non-current Assets* | 2.90 | 1.27 | 0.91 | 0.48 | 0.28 | 0.26 | 0.26 | 0.24 | 0.19 | 0.17 | 0.16 | 0.15 | 0.14 | 0.09 | 0.07 | 0.23 |
| Total Assets | 6.05 | 2.55 | 1.88 | 1.37 | 0.82 | 0.58 | 0.50 | 0.40 | 0.41 | 0.40 | 0.39 | 0.38 | 0.41 | 0.46 | 0.48 | 0.28 |
| Accounts Payable | 0.06 | 0.05 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Total Current Liabilities | 0.17 | 0.13 | 0.12 | 0.08 | 0.09 | 0.05 | 0.03 | 0.03 | 0.03 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 |
| Long-term Debt | 2.96 | 0.70 | 0.48 | 0.46 | 0.16 | 0.20 | 0.16 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- |
| Total Non-current Liabilities* | 3.22 | 0.79 | 0.61 | 0.52 | 0.22 | 0.29 | 0.18 | 0.09 | 0.04 | 0.05 | 0.07 | 0.05 | 0.08 | 0.08 | 0.12 | 0.12 |
| Total Liabilities | 3.39 | 0.92 | 0.72 | 0.60 | 0.32 | 0.34 | 0.22 | 0.11 | 0.07 | 0.08 | 0.09 | 0.07 | 0.10 | 0.10 | 0.14 | 0.13 |
| Retained Earnings | (1.02) | (0.76) | (0.63) | (0.54) | (0.45) | (0.28) | (0.21) | (0.16) | (0.14) | (0.12) | (0.09) | (0.08) | (0.08) | (0.07) | (0.07) | (0.05) |
| Total Stockholder Equity* | 2.66 | 1.63 | 1.16 | 0.77 | 0.50 | 0.24 | 0.29 | 0.29 | 0.34 | 0.32 | 0.30 | 0.31 | 0.32 | 0.36 | 0.35 | 0.01 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 14.74 | 54.31 | 14.74 | 1.16 | 0.72 | 1.92 | 1.10 | 0.90 | 0.50 | 0.00 | 0.00 | 0.00 | 2.39 | -0.00 | 4.17 | 7.26 | 2.39 | 6.22 | 2.45 | 2.77 |
| Cost of Revenue | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.53 | 2.20 | 1.99 | 3.44 | 2.10 | 1.11 |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 1.64 | 5.06 | 0.41 | 2.78 | 0.35 | 1.66 |
| Research & Development | 7.13 | 9.06 | 5.53 | 6.39 | 7.14 | 5.34 | 14.72 | 4.46 | 4.26 | 10.77 | 9.42 | 10.92 | 16.38 | 14.65 | 13.54 | 9.15 | 8.28 | 7.95 | 4.89 | 9.05 |
| Selling, General & Admin | 43.66 | 26.23 | 29.82 | 27.24 | 18.38 | 15.89 | 15.55 | 17.84 | 12.29 | 10.53 | 11.00 | 10.22 | 9.86 | 10.72 | 12.92 | 13.08 | 11.62 | 11.61 | 9.33 | 9.16 |
| Total Operating Expenses | 164.15 | 126.58 | 94.42 | 73.95 | 63.68 | 60.64 | 66.65 | 63.89 | 56.00 | 60.88 | 58.97 | 58.07 | 44.45 | 42.61 | 42.12 | 35.40 | 32.74 | 41.94 | 23.11 | 25.10 |
| Operating Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (248.41) | (95.04) | (163.45) | (135.16) | (63.46) | (51.94) | (302.43) | (131.12) | (39.51) | (75.04) | (50.48) | (50.38) | (45.10) | (25.22) | (31.50) | (7.97) | (37.80) | (12.54) | 16.82 | (65.11) |
| Tax Provision | 1.17 | 2.61 | 0.37 | 0.74 | 0.17 | 0.16 | 0.65 | 0.23 | 0.29 | 1.04 | (0.27) | 0.79 | 0.12 | (0.13) | 0.55 | 0.10 | 0.10 | 0.27 | (0.02) | 0.06 |
| Net Income | (191.01) | (73.97) | (122.87) | (99.39) | (45.71) | (35.86) | (171.95) | (72.55) | (19.73) | (31.93) | (20.91) | (18.41) | (16.32) | (8.23) | (9.77) | (8.07) | (37.90) | (12.80) | 4.12 | (65.17) |
| Basic EPS | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.18) | (0.06) | -- | -- | 0.08 | -- |
| Diluted EPS | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.18) | (0.06) | -- | -- | 0.07 | -- |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (0.05) | 0.06 | (0.06) | (0.04) | (0.03) | (0.03) | (0.03) | (0.02) | (0.05) | (0.02) | (0.04) | (0.05) | (0.04) | (0.04) | (0.03) | (0.04) | (0.05) | (0.02) | (0.02) | (0.04) |
| Capital Expenditures | 0.26 | 0.40 | 0.24 | 0.31 | 0.12 | 0.08 | 0.03 | 0.02 | 0.04 | 0.02 | 0.07 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 |
| Free Cash Flow* | (0.31) | (0.33) | (0.30) | (0.35) | (0.15) | (0.11) | (0.06) | (0.04) | (0.09) | (0.05) | (0.11) | (0.06) | (0.05) | (0.04) | (0.04) | (0.05) | (0.05) | (0.03) | (0.02) | (0.04) |
| Investing Cash Flow | (0.38) | (0.84) | (0.27) | (0.31) | (0.12) | (0.08) | (0.03) | (0.02) | (0.04) | (0.02) | (0.07) | (0.01) | (0.02) | (0.01) | 0.01 | (0.01) | (0.02) | (0.01) | (0.02) | (0.02) |
| Financing Cash Flow | 1.11 | 2.34 | 0.61 | 0.42 | 0.46 | 0.16 | 0.29 | 0.11 | 0.21 | -0.00 | 0.05 | 0.06 | 0.00 | 0.09 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.37 |
* Derived from reported values
