ASTS
AST SpaceMobile, Inc.68.37
+0.56+0.83%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Stacking accelerates; mid-band by EOY
Q&A surfaced execution details like stacked launches of 3-8 BlueBirds accelerating the 45-60 satellite goal, with next batch of six shipping in April, and an end-2026 mid-band constellation debut combining L/S-band for higher data rates. Management detailed the $1B convertible's use for spectrum acceleration, AI/radar opportunities, gov't investments, and debt reduction, with no more debt planned. Services margins hit 90%, eyeing 90%+ EBITDA long-term. Batches stack like 5-story buildings. Analysts probed manufacturing pace and 2027 revenue mix; replies affirmed commercial weighting with gov't upside on annual growth basis. Bullish tone prevails—investors eye launch cadence and beta service.
Key Stats
Market Cap
25.12BP/E (TTM)
-Basic EPS (TTM)
-1.14Dividend Yield
0%Recent Filings
8-K
Q4 revenue surges
AST SpaceMobile reported $70.9M full-year 2025 revenue from gateway deliveries and U.S. Government contracts, up sharply from prior years. BlueBird 6 unfolded successfully, exceeding 120 Mbps speeds; BlueBird 7 awaits March launch toward 45-60 satellites by 2026 end. Secured $1.2B partner commitments; cash hit $2.8B. Launches accelerate now.
10-K
FY2025 results
AST SpaceMobile posted FY2025 net loss of $341.9M attributable to common stockholders on $70.9M revenue from gateway sales and U.S. government testing, up sharply from $4.4M in 2024 yet far pre-revenue on core SpaceMobile service. Q4 accelerated with Block 2 BB6 satellite launch December 23—largest commercial LEO phased array at 2,400 sq ft, 10x Block 1 capacity—positioning noncontinuous service tests in U.S./Europe/Japan. Engineering costs climbed 52% to $142.5M on headcount/manufacturing ramp for 45-60 Block 2 launches by 2026 end; $2.8B cash funds full 90-satellite constellation. Debt hit $2.3B including $550M Ligado spectrum prepayment. Ligado regulatory delays threaten mid-band access.
8-K
Repurchased $296.5M notes
AST SpaceMobile repurchased $46.5M of 4.25% convertible notes due 2032 on February 20, 2026, and $250M of 2.375% notes due 2032 on February 23, for $180.5M and $433.7M cash, respectively. Funded by selling 6.3M Class A shares at $96.92 each in registered direct offerings closing same dates. Debt shrinks sharply. Repurchases cut long-term obligations via equity swap.
8-K
Option Notes exercised, total $1.075B
AST SpaceMobile closed the sale of $75M Option Notes on February 20, 2026, bringing total 2.25% Convertible Senior Notes due 2036 to $1.075B. Issued privately to qualified buyers under the same indenture as the initial $1B offering. Maximum 11,091,528 Class A shares possible upon conversion. Funds bolster long-term capital runway.
8-K
Closes $1B notes, repurchases debt
AST SpaceMobile closed its $1.0 billion 2.25% convertible notes offering due 2036 on February 17, 2026, netting $983.7 million for spectrum deployment, AI monetization, government investments, and debt reduction. Concurrently, it priced repurchases of $296.5 million higher-rate notes due 2032 funded by issuing 6.3 million shares, removing 5.2 million underlying shares. Debt refi lowers costs. Holders may unwind hedges, pressuring stock.
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