AST SpaceMobile
Connects ordinary phones to low-Earth-orbit cellular broadband through mobile-operator partnerships.
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Profile
Builds a low-Earth-orbit cellular broadband network that connects standard phones through BlueBird satellites and mobile-operator spectrum. Commercial and government applications share one platform, while deployment depends on satellite production, launches, regulatory approvals, partner integration, and capital.
Builds the SpaceMobile Service, a low-Earth-orbit cellular broadband network designed to connect standard, unmodified phones through large BlueBird satellite antennas. The same platform also supports government applications, while gateway and network-integration work connects satellites with terrestrial mobile networks.
Designs and assembles satellites and key components across facilities in the United States and other countries. A growing constellation has advanced beyond a single test spacecraft, but the service remains in deployment and early-service execution rather than full global coverage.
Relies on mobile-network-operator partners for licensed spectrum, core-network integration, distribution, and subscriber relationships. Coverage also depends on satellite production, launch and in-orbit performance, ground infrastructure, market-specific approvals, and continued access to capital.
Company facts
Categories
Key statistics
Year to date −30.4% · Average volume (30d) 11.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | Deutsche Bank | Target | $106 | $93 | ||
| Aug 11, 2026 | UBS | Reiterate | Neutral | $80 | $78 | |
| Aug 11, 2026 | Piper Sandler | Reiterate | Overweight | $100 | $98 | |
| Aug 11, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $90 | ||
| Jul 30, 2026 | Scotiabank | Upgrade | Underperform | Sector Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | −$0.32 | −$0.44 | −39.7% | $34.5M | $31.5M | −8.7% | +4.17% |
| May 11, 2026Q1 FY26 | −$0.26 | −$0.66 | −158.8% | $39.0M | $14.7M | −62.2% | −11.62% |
| Mar 2, 2026Q4 FY25 | −$0.18 | −$0.26 | −44.4% | $41.8M | $54.3M | +30.0% | +6.63% |
| Nov 10, 2025Q3 FY25 | −$0.39 | −$0.45 | −15.9% | $22.0M | $14.7M | −33.1% | −1.18% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $718.0K | $1.2M | $14.7M | $54.3M | $14.7M | $31.5M | |
| Gross profit | −$26.5M | $1.2M | $9.2M | −$37.0M | $3.7M | $8.0M | |
| Operating income | −$63.0M | −$72.8M | −$79.7M | −$72.3M | −$149.4M | −$297.6M | |
| Net income | −$45.7M | −$99.4M | −$122.9M | −$74.0M | −$191.0M | −$230.9M | |
| Diluted EPS | −$0.20 | −$0.41 | −$0.45 | −$0.28 | −$0.66 | −$0.77 | |
| Gross margin | -3,688.9% | 100.0% | 62.6% | -68.1% | 24.9% | 25.2% | |
| Operating margin | -8,769.2% | -6,297.3% | -540.6% | -133.1% | -1,014.0% | -944.1% |
Fiscal years (4-quarter sums)FY21 $12.4M · FY22 $13.8M · FY23 $0 · FY24 $4.4M · FY25 $70.9M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.29B · Total debt $2.99B · Total assets $5.85B · Shareholders' equity $1.89B
Dividends
No dividends on record.
Ownership
Shares outstanding 298.75M · Float —
Float — provider float is below the insider stake.
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Abel Antonio Avellan · director, 10 percent owner, officer: Chief Executive Officer | 78.25M | 26.19% | Form 4 | Aug 19, 2026 |
| Mikitani Hiroshi · 10 percent owner | 27.98M | 9.37% | Form 4 | Apr 16, 2026 |
| Rakuten Group, Inc. | 15.51M | 5.19% | 13F | Aug 12, 2026 |
| BlackRock, Inc. | 15.27M | 5.11% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 13.33M | 4.46% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 11, 2026 | Andrew Martin Johnson | director, officer: CFO and CLO | −45,809 | $93.81 |
| Jun 5, 2026 | Huiwen Yao | officer: Chief Technology Officer | −40,000 | $96.37 |
| May 27, 2025 | Scott Wisniewski | officer: President | −25,904 | $126.64 |
| May 20, 2026 | Andrew Martin Johnson | director, officer: CFO and CLO | −5,000 | $90.25 |
| May 13, 2026 | Julio A. Torres | director | −15,000 | $76.34 |
Peers
- T-Mobile
Commercial direct-to-cell service for ordinary smartphones in the U.S.
- Globalstar
LEO direct-to-cell capacity and mobile satellite services for Apple devices
- Viasat
3GPP direct-to-device and multi-orbit satellite connectivity
- Iridium Communications
Global LEO mobile satellite network developing standards-based D2D
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AST SpaceMobile | $58.10 | +0.08% | $23.62B | — | — | 204.9 | +2,626.6% |
| T-Mobile | $181.32 | −0.06% | $194.55B | 19.0 | 14.4 | 2.1 | +7.9% |
| Globalstar | $81.76 | −0.01% | $10.53B | — | — | 37.5 | −3.5% |
| Viasat | $67.99 | +0.95% | $9.28B | — | — | 2.0 | −1.2% |
| Iridium Communications | $46.50 | −0.24% | $4.94B | 53.0 | 40.7 | 5.6 | +3.8% |
| Median | 36.0 | 27.6 | 3.8 | +1.3% |