NASDAQ$ASTS

AST SpaceMobile Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

AST SpaceMobile reported its business update and financial results for the first quarter ended March 31, 2025.

AST SpaceMobile reported a net loss of $45.7 million for Q1 2025, with revenues of $0.718 million. The company is progressing with its satellite launch plans and commercialization efforts, anticipating revenue generation in the second half of 2025.

  • AST SpaceMobile announced a multi-provider satellite orbital launch plan with five contracted launches over the next six to nine months.
  • The company anticipates generating $50.0 million to $75.0 million in revenue during the second half of 2025 from advanced SpaceMobile network commercialization efforts.
  • AST SpaceMobile reported a robust balance sheet with $874.5 million in cash, cash equivalents, and restricted cash as of March 31, 2025.
  • The company completed initial clearances for quasi-governmental funding with EXIM and IFC for over $500.0 million in potential new non-dilutive capital.

Headline financials

Total Revenue

$718K

Previous: $500K+43.6%
EPS (adj)

-$0.20

Previous: -$0.16-25.0%
Capital Expenditures

-$120M

Previous: -$39.6M-204.4%
Net Income

-$45.7M

Previous: -$19.7M-131.7%
Operating Income

-$63M

Previous: -$55.5M-13.4%

Revenue & EPS history

AST SpaceMobile · Revenue · Quarterly

$718K

Q1 2025+43.6%vs Q1 2024
Beat estimate in 3 of 9 quarters(33%)
ActualEstimate

Forward guidance

AST SpaceMobile anticipates significant progress in satellite deployment and commercialization, with expected revenue generation in the second half of 2025 and continued expansion of its network.

Tailwinds

  • Anticipate orbital launches every one to two months on average during 2025 and 2026.
  • First Block 2 BlueBird satellite expected to ship in Q2 2025, with orbital launch scheduled during July 2025.
  • Satellite manufacturing expected to reach a cadence of six satellites per month during 2025.
  • Expected second half 2025 revenue opportunity of $50.0 million to $75.0 million.
  • Company plans to activate initial cellular broadband capabilities across the United States, Europe and Japan with AT&T, Rakuten, Verizon, and Vodafone.

Headwinds

  • The company's ability to finance its research and development activities is a factor that could cause differences in actual results.
  • The negotiation of definitive agreements with mobile network operators relating to the SpaceMobile Service could impact future performance.
  • Changes in applicable laws or regulations could adversely affect the company.
  • The possibility that AST SpaceMobile may be adversely affected by other economic, business, and/or competitive factors.
  • The outcome of any legal proceedings that may be instituted against AST SpaceMobile could impact results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+2.2%

Avg return

Earnings day

+4.5%

Avg return

5 days after

+18.5%

Avg return

30 days after

38%

10 / 26 earnings

Positive

+60.6%

Q1 2024

Best reaction

-30.7%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+9.9%+11.3%
Q4 2025+6.5%+2.9%+6.6%
Q3 2025-1.2%-10.6%+23.4%
Q2 2025+0.0%+7.0%+133.7%
Q1 2025+1.7%-2.1%+80.2%
Q4 2024+11.7%+1.9%-29.8%
Q3 2024-13.1%-6.3%-15.8%
Q2 2024+49.6%+84.2%+42.3%
Q1 2024+60.6%+110.4%+307.2%
Q4 2023-30.7%-24.0%-22.1%
Q3 2023+16.5%+20.7%+37.2%
Q2 2023-13.3%-9.4%-5.4%
Q1 2023-4.1%+2.7%+15.2%
Q4 2022-24.8%-33.8%-17.3%
Q3 2022-15.0%-25.3%-55.2%
Q2 2022+19.8%+5.7%-12.8%
Q1 2022-2.9%+0.8%-17.3%
Q4 2021+2.8%-0.2%-26.9%
Q3 2021-3.0%-8.9%-34.6%
Q2 2021-13.3%-11.7%+16.7%
Q1 2021+4.7%+4.4%+51.4%
Q4 2020-3.9%-6.9%-15.7%
Q2 2020+0.0%-0.3%+0.4%
Q1 2020+0.0%+0.0%+0.2%
Q4 2019-0.3%+0.5%+0.8%
Q3 2019+0.0%+3.6%+0.8%

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