AST SpaceMobile, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission, reporting sharply higher revenues alongside a widening net loss compared to the same period a year earlier.

Key Highlights

  • Total revenues of $42,321 thousand for the three months ended September 30, 2026, up from $14,739 thousand in the same quarter of 2025, according to the filing.
  • Net loss attributable to common stockholders was $132,380 thousand for the quarter, compared to $122,874 thousand in Q3 2025, the company disclosed.
  • Basic and diluted net loss per share for Class A common stock was $0.44 for Q3 2026, versus $0.45 in Q3 2025, the filing reported.
  • Total assets reached $6,770,248 thousand as of September 30, 2026, up from $5,014,387 thousand at December 31, 2025, per the balance sheet.
  • Long-term debt, net, rose to $4,083,709 thousand as of September 30, 2026, compared to $2,207,583 thousand at December 31, 2025, according to the filing.
  • Cash and cash equivalents were $2,798,911 thousand at September 30, 2026, up from $2,335,683 thousand at December 31, 2025, the company reported.
  • Loss on involuntary conversion of $125,958 thousand was recorded for the nine months ended September 30, 2026, with no comparable amount in the prior-year period, the filing disclosed.

AST SpaceMobile Reports Q3 2026 Financial Results: Revenue Growth and Rising Costs

According to the Form 10-Q filed on NASDAQ:ASTS for the quarter ended September 30, 2026, AST SpaceMobile reported total revenues of $42,321 thousand for the three-month period, compared to $14,739 thousand in Q3 2025. Products revenues accounted for $20,571 thousand and services revenues for $21,750 thousand in the quarter. For the nine months ended September 30, 2026, total revenues were $88,575 thousand, up from $16,613 thousand for the same period in 2025.

Operating expenses increased substantially alongside revenue. The filing disclosed total operating expenses of $211,026 thousand for Q3 2026, compared to $94,415 thousand in Q3 2025. Engineering services costs alone reached $95,788 thousand in the quarter, while general and administrative costs were $55,705 thousand. For the nine-month period, the company reported a loss on involuntary conversion of $125,958 thousand, which had no prior-year equivalent. Net loss before allocation to noncontrolling interest was $171,810 thousand for Q3 2026, versus $163,827 thousand a year earlier.

On the balance sheet, total assets grew to $6,770,248 thousand as of September 30, 2026, from $5,014,387 thousand at December 31, 2025, driven in part by an increase in property and equipment, net, to $2,354,879 thousand from $1,398,761 thousand. Long-term debt, net, expanded to $4,083,709 thousand from $2,207,583 thousand over the same period. Total stockholders' equity declined to $2,162,591 thousand from $2,392,325 thousand, with the accumulated deficit widening to $1,385,986 thousand from $831,685 thousand at year-end 2025. As of November 5, 2026, the company reported 300,731,460 shares of Class A common stock, 11,215,111 shares of Class B common stock, and 78,163,078 shares of Class C common stock issued and outstanding.

What Was Disclosed

AST SpaceMobile filed its quarterly report covering the period ended September 30, 2026, disclosing revenue growth to $42,321 thousand in Q3, a wider net loss attributable to common stockholders of $132,380 thousand, expanded total assets, and a significant increase in long-term debt compared to year-end 2025.