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

AST SpaceMobile (ASTS) reported fiscal 2025 Q3 earnings on Nov 10, 2025, with revenue surging 1239.9% to $14.74 million and net losses narrowing by 45.9% to $163.83 million. The stock fell 3.66% in the latest trading day but maintained its $3.2 billion pro forma liquidity. CEO Abel Avellan highlighted $1 billion in contracted revenue and partnerships with Verizon and stc Group as catalysts for growth.

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. Despite the 45.9% reduction in net loss, sustained losses over five years highlight ongoing financial challenges.

Price Action

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.

Post-Earnings Price Action Review

AST SpaceMobile’s shares fell 0.1% in after-hours trading to $68.80 following the earnings miss, despite a 227.9% year-to-date gain. The broader market, however, saw the S&P 500 rise 1.5% and the Dow gain 0.8%. While the stock declined 0.7% during regular trading, investors appeared unfazed by the results, which fell short of Wall Street’s $0.18 loss and $19.9 million revenue expectations.

CEO Commentary

Abel Avellan, Founder, Chairman & CEO, highlighted AST SpaceMobile’s “standout progress” in Q3 2025, emphasizing commercial agreements with Verizon and Saudi Telecom Group (stc) as pivotal to expanding its ecosystem of 50+ MNO partners covering 3 billion subscribers. He noted the $1 billion in contracted revenue commitments, calling it a “snapshot of the business’s development” and underscoring partners’ confidence. Manufacturing and launch efforts remained on track, with 40 satellites completed by early 2026 and 5 launches expected by Q1 2026. Avellan stressed the company’s “comprehensive global spectrum strategy” as a competitive advantage, including 1,150 MHz of low-band and mid-band spectrum globally. He expressed optimism about bridging the digital divide, stating, “Our opportunity to bridge the digital divide and target 100% coverage of the Continental United States has never been stronger,” while reiterating AST’s “excitement for what’s coming as we continue to run commercial activity into 2026.”

Guidance

Andy Johnson, CFO, reiterated revenue guidance of $50-75 million for H2 2025, driven by gateway sales, U.S. government milestones, and commercial service activation. He projected Q4 2025 adjusted operating expenses of ~$60 million (excluding COGS) and capital expenditures of $275-325 million, with per-satellite costs of $21-23 million. Abel Avellan confirmed 45-60 satellites launched by late 2026 for key markets, with 100+ satellites fully funded for global coverage. The company reiterated $3.2 billion in pro forma liquidity, enabling “continuous service” in the U.S., Europe, Japan, and Saudi Arabia. Avellan emphasized leveraging AI-driven spectrum management to maximize efficiency, stating, “We believe the usage of satellite will become more and more relevant as we add satellites and spectrum.”

Additional News

AST SpaceMobile secured a 10-year commercial agreement with Saudi Telecom Group (stc), including a $175 million prepayment for future services, and partnered with Vodafone to establish a European Satellite Operations Centre in Germany. The company also raised $1.15 billion via convertible notes, reducing outstanding debt to $50 million and bolstering its $3.2 billion liquidity position. These developments underscore its focus on scaling satellite-based cellular broadband solutions and expanding global partnerships.