AST SpaceMobile Releases Q3 2025 Results and Business Update
AST SpaceMobile, Inc. has released its business update and financial results for the third quarter of 2025, ending September 30. The company, known for its groundbreaking efforts in establishing the first space-based cellular broadband network accessible to standard smartphones, continues to make significant strides in both commercial and governmental sectors.
Key Business Updates
During the recent quarter, AST SpaceMobile secured pivotal commercial agreements. These include:
- A 10-year definitive agreement with stc Group, covering Saudi Arabia and key markets in the Middle East and North Africa, with a prepayment of $175 million.
- A strategic partnership renewal with Verizon, enhancing geographic coverage across the continental United States.
In addition, the company has engaged with over 50 mobile network operator partners globally, serving nearly 3 billion subscribers.
Recent Financial Highlights
AST SpaceMobile reported a GAAP revenue of $14.7 million in Q3 2025, attributed to milestones in U.S. Government contracts and gateway deliveries. The total operating expenses for this quarter reached $94.4 million. This reflects a rise from $74.0 million in the second quarter of 2025, mainly due to increased engineering service costs and the costs associated with gateway deliveries.
Adjusted Operating Expenses
For Q3, the adjusted operating expenses totaled $67.7 million, marking an increase from $51.7 million in the previous quarter.
Contract Awards and Upcoming Launches
A new contract has been awarded to AST SpaceMobile as a prime contractor for the U.S. Government. This is in addition to ongoing efforts with existing contracts. The company aims for initial market activation in the continental U.S. and plans for expansions into Canada, Japan, Saudi Arabia, and the UK by early 2026. Five orbital launches are expected by the end of Q1 2026, with additional launches planned every one to two months.
Financial Position and Future Plans
As of September 30, 2025, AST SpaceMobile maintained a strong financial standing, with over $3.2 billion in cash and liquidity. The company successfully raised $1.15 billion from a new offering of 10-year convertible senior notes.
Looking ahead, AST SpaceMobile has reiterated its revenue guidance for the second half of 2025, projecting between $50 million to $75 million. The continued commercialization of operations and partnerships signifies a positive trajectory as the business scales up its satellite production and deployment efforts.
