AST SpaceMobile 2025 Q3 Earnings 45.9% Net Loss Reduction Amidst Revenue Surge

AST SpaceMobile (ASTS) reported fiscal 2025 Q3 earnings on Nov 10th, 2025, showcasing a dramatic 1239.9% year-over-year revenue increase to $14.74 million. However, the company missed revenue estimates (FactSet: $19.9M) and reiterated full-year 2025 guidance of $50–75 million, emphasizing gateway sales and commercial service revenue.

Revenue

The total revenue of AST SpaceMobile surged by 1239.9% to $14.74 million in 2025 Q3, compared to $1.10 million in 2024 Q3. This represents a significant milestone despite falling short of Wall Street’s $19.9 million estimate.

Earnings/Net Income

AST SpaceMobile narrowed losses to $0.45 per share in 2025 Q3, a 59.1% improvement from a $1.10 per share loss in 2024 Q3. The company’s net loss contracted to $-163.83 million, a 45.9% reduction from $-303.08 million in the prior year. While the 45.9% reduction in net loss is positive, sustained five-year quarterly losses underscore ongoing financial challenges.

Price Action

The stock price of AST SpaceMobile has dropped 3.66% during the latest trading day, 3.44% during the most recent full trading week, and 20.84% month-to-date.

Post-Earnings Price Action Review

Following the earnings report, ASTS stock experienced a 3.66% decline on the latest trading day, with a 3.44% weekly drop and a 20.84% month-to-date slump. The underperformance reflects mixed investor sentiment, balancing optimism over commercial progress with concerns about execution risks and ongoing losses. Analysts highlighted the stock’s high Benzinga Edge Momentum score (97.65) but noted steep dilution and operational hurdles as headwinds.

CEO Commentary

Abel Avellan, Founder, Chairman & CEO, highlighted AST SpaceMobile’s Q3 progress, emphasizing commercial momentum with definitive agreements with Verizon, AT&T, Vodafone, and stc, securing over $1 billion in contracted revenue commitments. He underscored the company’s leadership in direct-to-device satellite technology, enabling full cellular broadband capabilities on unmodified devices, and noted milestones like voice and video calls with Verizon and Bell Canada. Manufacturing and launch activities remain on track, with 40 satellites (BlueBird 8–19) in production and 45–60 satellites targeted for 2026 to enable service in key markets. Avellan expressed confidence in the $3.2 billion cash balance, robust IP portfolio, and spectrum strategy, stating, “We’re fully funded to execute our vision and advance commercialization.” His tone was optimistic, stressing the “massive opportunity” in bridging the digital divide and the strategic advantages of the company’s ecosystem.

Guidance

AST SpaceMobile reiterated full-year 2025 revenue guidance of $50–75 million, driven by Q4 gateway sales, U.S. government milestones, and initial commercial service revenue. Capital expenditures are projected at $275–325 million for Q4 2025, with 5 orbital launches expected by Q1 2026. The company aims to deploy 45–60 satellites by year-end 2026 for “continued service coverage” in the U.S., Europe, Japan, and Saudi Arabia. Andy Johnson, CFO, noted that 25 satellites could enable noncontinuous service in targeted markets, potentially generating cash flows to support further constellation growth.

Additional News

AST SpaceMobile announced Germany as the site for its primary European Satellite Operations Centre with Vodafone, aiming to enhance mobile coverage and emergency services. The company also secured a 10-year commercial agreement with Saudi Arabia’s stc Group and completed a $161.06 million equity offering. These developments underscore ASTS’s strategic expansion but have not yet translated into significant stock price gains, reflecting lingering execution risks.