AST SpaceMobile Releases Q3 2025 Results and Business Update

AST SpaceMobile, Inc. has released its results for the third quarter of 2025, showcasing significant advancements in the realm of space-based cellular broadband. The company, which operates on NASDAQ under the ticker ASTS, is pioneering direct-to-device connectivity for both commercial and governmental purposes.

Key Business Developments

Abel Avellan, the Founder and CEO, highlighted that commercial activity has sharply increased, indicating strong demand for their innovative services. Recent agreements with telecom giants Verizon and stc Group are noted as major milestones for the company.

• Verizon Agreement: Further enhances an existing partnership aimed at achieving nationwide cellular coverage in the U.S.
• stc Group Partnership: Encompasses a 10-year contract and a $175 million prepayment, covering Saudi Arabia and select Middle Eastern and North African markets.

Additionally, AST SpaceMobile has secured over $1 billion in contracted revenue commitments from more than 50 mobile network operators, serving nearly 3 billion subscribers worldwide.

Strategic Goals and Financial Performance

The company intends to provide mobile services through saturating the planet with satellites, with initial activations planned in Canada, Japan, Saudi Arabia, and the U.K. in early 2026. AST SpaceMobile anticipates reaching a total of 45 to 60 satellites by the end of 2026.

Quarterly Financial Results

• Revenue: During Q3 2025, the company reported $14.7 million in revenue, buoyed by government contract milestones and gateway deliveries.
• Expenses: Total operating expenses were $94.4 million, reflecting an increase due to heightened engineering services, gateway costs, and general administration.
• Cash Position: As of September 30, 2025, AST SpaceMobile held cash and equivalents of $1.2 billion.

In response to rising operational costs, adjusted operating expenses rose to $67.7 million from previous quarters, largely driven by increased engineering and gateway delivery expenses.

Future Outlook

Looking ahead, AST SpaceMobile aims to maintain strong cash reserves and continue its launch campaign. Recent contracts with U.S. governmental entities show promise for sustained growth and expanded service offerings.

Investors can gain further insights during the upcoming quarterly update conference call scheduled for November 10, 2025.

Conclusion

AST SpaceMobile’s Q3 results underline its crucial role in the evolving landscape of mobile connectivity. As the company prepares for future launches and drives partnerships, it remains poised for transformational growth in the global cellular broadband market.