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AST SpaceMobile (ASTS) investor relations material
AST SpaceMobile Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Confirmed fully-funded plan to deploy 45–60 satellites by 2026 for continuous service in the US, Europe, Japan, and other strategic markets, including government applications.
Expanded commercialization with over 50 mobile network operator partnerships, covering nearly 3 billion subscribers.
Expanded spectrum strategy with agreements for 60 MHz S-Band and up to 45 MHz L-Band, enhancing global broadband capabilities.
Major operational milestones included successful satellite tests, first video and voice calls from space, and new government contracts.
Over $1.5 billion in pro forma cash, cash equivalents, and restricted cash as of June 30, 2025.
Financial highlights
Q2 2025 revenue was $1.2 million, up 28% year-over-year, mainly from U.S. government contracts and gateway equipment resale.
Adjusted operating expenses for Q2 2025 were $51.7 million, up from $44.9 million in Q1 2025, driven by transaction and JV costs.
Net loss attributable to common stockholders was $99.4 million in Q2 2025, compared to $72.6 million in Q2 2024.
Cash, cash equivalents, and restricted cash totaled $939.4 million as of June 30, 2025.
Capital expenditures for 2025 reached $323M, exceeding prior guidance due to accelerated satellite procurement and launch payments.
Outlook and guidance
Targeting nationwide intermittent service in the US by end of 2025, with UK, Japan, and Canada to follow in Q1 2026.
Expects $50–75 million in revenue in the second half of 2025 from government and commercial customers.
At least five orbital launches anticipated by end of Q1 2026, with launches every 1–2 months to reach 45–60 satellites by 2026.
Fully funded to reach 45–60 satellites for continuous service in key markets, with no immediate need for additional capital.
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