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

AST SpaceMobile (ASTS) reported fiscal 2025 Q3 earnings on Nov 10, 2025, missing Wall Street’s EPS expectations but securing $1 billion in contracted revenue. The stock stabilized post-earnings, with shares down just 0.1% in after-hours trading despite the results. The company maintained its Q4 2025 revenue guidance of $50–75 million and highlighted progress in satellite launches and commercial partnerships.

Revenue

The total revenue of AST SpaceMobile increased by 1239.9% to $14.74 million in 2025 Q3, up from $1.10 million in 2024 Q3.

Earnings/Net Income

AST SpaceMobile narrowed losses to $0.45 per share in 2025 Q3 from a loss of $1.10 per share in 2024 Q3 (59.1% improvement). Meanwhile, the company successfully narrowed its net loss to $-163.83 million in 2025 Q3, reducing losses by 45.9% compared to the $-303.08 million net loss reported in 2024 Q3. The Company has sustained losses for 5 years over the corresponding fiscal quarter, highlighting ongoing financial headwinds. While the reduction in net loss signals progress, the persistent multi-year losses underscore structural challenges.

Post-Earnings Price Action Review

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

CEO Commentary

Abel Avellan (Founder, Chairman & CEO) highlighted AST SpaceMobile’s “standout progress” in Q3 2025, emphasizing commercial agreements with Verizon and stc as “key steps” in expanding its ecosystem of 50+ MNO partners covering 3 billion subscribers. He noted $1 billion in contracted revenue commitments, calling it a “snapshot of how our business is developing,” and stressed the company’s leadership in space-based cellular broadband. Manufacturing and launches are on track, with 40 satellites (BlueBird 8–19) in production and 6 satellites/month by year-end. Avellan expressed confidence in the “robust portfolio of spectrum” and $3.2 billion in cash, stating, “We’re fully funded to manufacture and launch over 100 satellites.” He concluded with optimism: “I could not be more excited for what’s coming as we continue to run commercial activity into 2026.”

Guidance

AST SpaceMobile reiterated Q4 2025 revenue guidance of $50–75 million, driven by gateway sales, U.S. government milestones, and commercial service activation. CEO Abel Avellan confirmed 45–60 satellites will be launched by year-end 2026, enabling “continuous service” in key markets. CFO Andy Johnson outlined Q4 2025 adjusted OpEx of ~$60 million (excluding COGS) and CapEx of $275–325 million, with satellite costs averaging $21–23 million each. The company expects to leverage its $3.2 billion liquidity for global expansion, including AI-driven spectrum optimization and dual-use government contracts, while prioritizing commercial revenue growth.

Additional News

AST SpaceMobile selected Germany as its primary European Satellite Operations Centre in collaboration with Vodafone, aiming to enhance mobile connectivity and emergency services across Europe. The company also secured a 10-year, $175 million contract with Saudi Arabia’s stc Group and raised $1.15 billion via convertible notes to fund its satellite constellation. These developments underscore AST’s strategic push to scale commercial partnerships and infrastructure, though ongoing execution risks remain a concern for investors.