ASTS financial statements

The full income statement, balance sheet, and cash-flow statement for AST SpaceMobile Inc. (ASTS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 266.7M2024-09 287.9M2024-12 297.6M2025-03 326.3M2025-06 339.9M2025-09 361.4M2025-12 374.8M2026-03 290.7M2026-06 299.1M+12.2% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	70.9M YoY+413.0%	13.8M	0.00 YoY-100.0%	13.8M YoY+11.4%	12.4M YoY+107.9%
	—	—	0.00 YoY-100.0%	7.11M YoY+46.9%	4.84M YoY+64.6%
Cost of revenue	—	—	0.00 YoY-100.0%	6.71M YoY-11.2%	7.56M YoY+150.0%
	359M YoY+45.1%	247M YoY+11.2%	222M YoY+39.3%	160M YoY+74.2%	91.6M YoY+235.5%
Research & development	28.1M YoY-2.3%	28.8M YoY-39.4%	47.5M YoY+4.1%	45.6M YoY+94.6%	23.4M YoY+2218.5%
Selling, general & administrative	102M YoY+65.2%	61.6M YoY+48.0%	41.6M YoY-13.9%	48.3M YoY+35.6%	35.6M YoY+189.3%
General & administrative	102M YoY+65.2%	61.6M YoY+48.0%	41.6M YoY-13.9%	48.3M YoY+35.6%	35.6M YoY+189.3%
Amortization of intangibles	—	—	—	—	224K YoY+3.2%
Interest expense	31.8M YoY+70.1%	18.7M YoY+315.6%	4.50M YoY+2150.0%	200K	—
Net interest income	—	—	2.67M YoY+1.6%	2.63M	—
Other non-operating income	-169M YoY+40.0%	-282M YoY-20686.4%	1.37M YoY-96.8%	43.3M YoY+213.2%	13.8M YoY+832.4%
Equity-method income	-1.21M	0.00	0.00	—	—
Pre-tax income	-457M YoY+12.9%	-525M YoY-137.6%	-221M YoY-115.6%	-102M YoY-40.5%	-72.9M YoY-200.4%
Income tax	3.90M YoY+193.5%	1.33M YoY-21.0%	1.68M YoY+172.4%	617K YoY+86.4%	331K YoY+152.7%
	-342M YoY-13.9%	-300M YoY-242.7%	-87.6M YoY-176.7%	-31.6M YoY+56.8%	-73.3M YoY-41.0%
Net income to non-controlling interest	-119M YoY+47.4%	-226M YoY-67.4%	-135M YoY-89.0%	-71.5M YoY-67.4%	-42.7M YoY-12315.1%
Net income to common	-342M YoY-13.9%	-300M YoY-242.7%	-87.6M YoY-176.7%	-31.6M YoY-66.8%	-19.0M YoY+21.1%
	256M YoY+65.7%	155M YoY+88.8%	81.8M	—	—
	256M YoY+65.7%	155M YoY+88.8%	81.8M	—	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.46B YoY+309.6%	600M YoY+461.6%	107M YoY-60.2%	268M YoY-20.1%	336M YoY+559.3%
Cash & equivalents	2.34B YoY+313.4%	565M YoY+559.9%	85.6M YoY-64.1%	239M YoY-25.9%	322M YoY+652.2%
Short-term investments	2.00B YoY+291.8%	510M YoY+632.3%	69.7M YoY-69.8%	231M YoY-26.7%	315M
Accounts receivable	37.7M YoY+2594.7%	1.40M	—	0.00 YoY-100.0%	2.17M YoY+4.4%
Inventory	12.0M YoY+1030.6%	1.06M	—	0.00 YoY-100.0%	1.41M YoY-45.5%
Prepaid expenses	12.0M YoY+51.6%	7.89M YoY+71.8%	4.59M YoY+12.0%	4.10M YoY+44.8%	2.83M YoY+126.7%
Other current assets	60.3M YoY+169.5%	22.4M YoY+57.6%	14.2M YoY-43.1%	25.0M YoY+414.5%	4.85M YoY+117.1%
	5.01B YoY+425.3%	955M YoY+164.5%	361M YoY-17.7%	438M YoY-1.3%	444M YoY+345.5%
Property, plant & equipment	1.40B YoY+314.2%	338M YoY+41.6%	238M YoY+63.4%	146M YoY+52.2%	95.9M YoY+158.8%
Operating lease right-of-use	19.4M YoY+38.6%	14.0M YoY+6.0%	13.2M YoY+72.4%	7.67M YoY-4.0%	7.99M YoY+13.4%
Goodwill	—	—	—	0.00 YoY-100.0%	3.64M YoY-6.9%
Intangible assets	—	—	—	—	242K YoY-54.0%
Other non-current assets	—	—	—	24.1M YoY+97.5%	12.2M YoY+4.7%
	150M YoY+98.0%	75.9M YoY+64.3%	46.2M YoY+66.3%	27.8M YoY+30.0%	21.4M YoY+63.0%
Accounts payable	46.8M YoY+175.0%	17.0M YoY-17.4%	20.6M YoY+47.7%	13.9M YoY+109.8%	6.64M YoY+33.0%
Accrued liabilities	12.7M YoY+4202.0%	296K	—	—	—
Deferred revenue	19.9M YoY-52.6%	42.0M	—	0.00 YoY-100.0%	6.64M YoY+95.1%
Short-term & current debt	12.0M YoY+311.1%	2.92M YoY+1058.3%	252K YoY+4.1%	242K	0.00
Current lease liability	2.45M YoY+32.0%	1.86M YoY+26.4%	1.47M YoY+103.3%	722K YoY+13.9%	634K YoY+25.8%
	2.62B YoY+818.7%	285M YoY+93.7%	147M YoY+87.6%	78.5M YoY-14.6%	92.0M YoY+367.8%
Long-term debt	2.21B YoY+1319.0%	156M YoY+162.6%	59.3M YoY+1145.3%	4.76M YoY-4.8%	5.00M
Deferred revenue (non-current)	207M	0.00	—	—	—
Non-current lease liability	17.5M YoY+38.2%	12.7M YoY+6.3%	11.9M YoY+68.9%	7.05M YoY-6.4%	7.53M YoY+15.0%
Operating lease liability (total)	19.9M YoY+37.4%	14.5M YoY+8.5%	13.4M YoY+72.1%	7.77M YoY-4.8%	8.16M
Other non-current liabilities	32.1M	0.00	—	—	—
	2.39B YoY+257.5%	669M YoY+213.3%	214M YoY-40.6%	360M YoY+2.2%	352M YoY+6939.4%
Additional paid-in capital	2.67B YoY+175.7%	969M YoY+236.0%	288M YoY+22.5%	235M YoY+37.5%	171M YoY+186.0%
Retained earnings	-832M YoY-69.8%	-490M YoY-158.2%	-190M YoY-85.8%	-102M YoY-44.9%	-70.5M YoY-76.6%
Accumulated other comprehensive income	1.35M YoY+867.6%	-176K YoY-177.5%	227K YoY-0.9%	229K YoY+152.9%	-433K YoY-157.7%
Non-controlling interest	551M YoY+189.9%	190M YoY+65.9%	115M YoY-49.4%	226M YoY-10.1%	252M YoY+10008.2%
Total equity incl. non-controlling	2.39B YoY+257.5%	669M YoY+213.3%	214M YoY-40.6%	360M YoY+2.2%	352M YoY+340.0%
Total liabilities & equity	5.01B YoY+425.3%	955M YoY+164.5%	361M YoY-17.7%	438M YoY-1.3%	444M YoY+345.5%
	375M YoY+26.0%	298M YoY+36.3%	218M YoY+9.2%	200M YoY+10.2%	182M
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	-71.5M YoY+43.3%	-126M YoY+15.3%	-149M YoY+4.8%	-156M YoY-95.3%	-80.1M YoY-251.2%
Depreciation & amortization	51.1M YoY-19.3%	63.3M YoY+16.3%	54.5M YoY+1056.2%	4.71M YoY+61.7%	2.91M YoY+228.4%
Intangible amortization	—	—	—	—	224K YoY+3.2%
Share-based compensation	47.5M YoY+48.2%	32.0M YoY+141.1%	13.3M YoY+41.5%	9.39M YoY+151.4%	3.74M YoY+1220.1%
Deferred income taxes	-2.56M YoY-281.9%	-669K YoY+25.3%	-895K	0.00	0.00
Change in receivables	36.3M YoY+9659.5%	-380K YoY-121.3%	1.78M YoY-10.7%	1.99M YoY+805.9%	220K YoY-86.0%
Change in inventory	10.9M YoY+930.6%	1.06M	0.00 YoY-100.0%	2.46M YoY+336.9%	-1.04M YoY-146.5%
	-1.54B YoY-785.1%	-174M YoY-46.6%	-119M YoY-278.9%	-31.4M YoY+42.8%	-54.8M YoY-80.2%
Capital expenditure	1.06B YoY+511.5%	174M YoY+46.6%	119M YoY+107.4%	57.3M YoY+279.9%	15.1M YoY+85.6%
Free cash flow	-1.14B YoY-278.4%	-300M YoY-12.1%	-268M YoY-25.3%	-214M YoY-124.6%	-95.2M YoY-207.7%
Acquisitions	0.00	0.00	0.00	0.00	0.00
	3.83B YoY+390.7%	780M YoY+568.2%	117M YoY+14.1%	102M YoY-75.5%	417M YoY+498.5%
Long-term debt issued	2.61B YoY+1701.1%	145M YoY+128.3%	63.5M YoY+27508.7%	230K YoY+369.4%	49.0K
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Common stock issued	1.30B YoY+134.8%	552M YoY+753.9%	64.6M YoY-38.3%	105M	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
FX effect on cash	—	—	—	—	-294K YoY-69.9%
Net change in cash	2.21B YoY+361.5%	479M YoY+417.2%	-151M YoY-77.2%	-85.3M YoY-130.3%	282M YoY+1630.8%
Interest paid	7.86M YoY-34.5%	12.0M YoY+269.7%	3.24M YoY+1347.8%	224K YoY+1623.1%	13.0K YoY-48.0%
Income taxes paid	6.80M YoY+307.3%	1.67M YoY+239.2%	492K YoY-28.1%	684K YoY+267.7%	186K YoY+38.8%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	27.2B YoY+333.6%	6.28B YoY+377.9%	1.31B YoY+48.0%	888M YoY-38.4%	1.44B
P/S	383.9× YoY-15.5%	454.1× YoY+377.9%	95.0× YoY+114.6%	44.3× YoY-61.9%	116.2×
P/B	11.4× YoY+21.3%	9.4× YoY+105.1%	4.6× YoY+52.9%	3.0× YoY-26.9%	4.1×
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: ASTS's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ASTS filings on SEC EDGAR → Not investment advice.