AST SpaceMobile, Inc.

For the period ended Jun 30, 2025. Filed Aug 11, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 11, 2025

ASTS$33.69-8.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Operations for the three and

	For The Three MonthsEnded June 30,		For The Six MonthsEnded June 30,
	2025	2024	2025	2024
Revenues	$1,156	$900	$1,874	$1,400
Operating expenses:
Engineering services costs	28,598	21,202	55,802	40,719
General and administrative costs	27,242	17,839	45,626	30,126
Research and development costs	6,393	4,460	13,528	8,711
Depreciation and amortization	11,720	20,392	22,678	40,336
Total operating expenses	73,953	63,893	137,634	119,892
Other income (expense):
Loss on remeasurement of warrant liabilities	(65,032)	(66,140)	(68,238)	(47,926)
Interest expense	(5,657)	(4,936)	(10,393)	(9,332)
Interest income	8,017	2,698	16,213	4,872
Other income (expense), net	308	252	(443)	250
Total other income (expense), net	(62,364)	(68,126)	(62,861)	(52,136)
Loss before income tax expense	(135,161)	(131,119)	(198,621)	(170,628)
Income tax expense	(742)	(231)	(910)	(526)
Net loss before allocation to noncontrolling interest	(135,903)	(131,350)	(199,531)	(171,154)
Net loss attributable to noncontrolling interest	(36,509)	(58,800)	(54,431)	(78,874)
Net loss attributable to common stockholders	$(99,394)	$(72,550)	$(145,100)	$(92,280)
Net loss per share attributable to holders of Class A Common Stock
Basic and diluted	$(0.41)	$(0.51)	$(0.62)	$(0.70)
Weighted-average number of shares
Basic and diluted	241,985,507	141,185,500	233,101,209	131,316,319

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED)

(Dollars in thousands)

	For The Three MonthsEnded June 30,		For The Six MonthsEnded June 30,
	2025	2024	2025	2024
Net loss before allocation to noncontrolling interest	$(135,903)	$(131,350)	$(199,531)	$(171,154)
Other comprehensive loss
Foreign currency translation adjustments	1,396	(123)	1,777	(339)
Total other comprehensive income (loss)	1,396	(123)	1,777	(339)
Total comprehensive loss before allocation to noncontrolling interest	(134,507)	(131,473)	(197,754)	(171,493)
Comprehensive loss attributable to noncontrolling interest	(36,123)	(58,854)	(53,938)	(79,038)
Comprehensive loss attributable to common stockholders	$(98,384)	$(72,619)	$(143,816)	$(92,455)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)

Class ACommon Stock · Class BCommon Stock · Class CCommon Stock · Additional · AccumulatedOther
	Shares	Values	Shares	Values	Shares	Values	Paid-inCapital	Comprehensive Income (Loss)	Accumulated Deficit	Noncontrolling Interest	Total Equity
Balance, March 31, 2025	236,916,393	$23	11,227,292	$4	78,163,078	$8	$1,103,921	$98	$(535,451)	$198,070	$766,673
Stock-based compensation	-	-	-	-	-	-	10,442	-	-	83	10,525
Issuance of common stock, net of issuance costs	12,057,489	1	-	-	-	-	299,480	-	-	98,500	397,981
Issuance of equity under employee stock plan	322,657	-	-	-	-	-	1,298	-	-	1,713	3,011
Vesting of restricted stock units	519,214	-	-	-	-	-	(4,833)	-	-	(2,256)	(7,089)
Issuance of penny warrants	-	-	-	-	-	-	89,196	-	-	31,960	121,156
Redemption of AST LLC Common Units for Class A Common Stock	696,066	-	-	-	-	-	1,566	-	-	(1,566)	-
Foreign currency translation adjustments	-	-	-	-	-	-	-	1,010	-	386	1,396
Net loss	-	-	-	-	-	-	-	-	(99,394)	(36,509)	(135,903)
Balance, June 30, 2025	250,511,819	$24	11,227,292	$4	78,163,078	$8	$1,501,070	$1,108	$(634,845)	$290,381	$1,157,750

Class ACommon Stock · Class BCommon Stock · Class CCommon Stock · Additional · AccumulatedOther
Shares · Values · Shares · Values · Shares · Values · Paid-inCapital · Comprehensive Income (Loss) · Accumulated Deficit · Noncontrolling Interest · Total Equity
Balance, December 31, 2024	208,173,198		$20		11,227,292		$4		78,163,078		$8		$969,004		$(176)		$(489,745)			$190,031			$669,146
Stock-based compensation	-	-		-		-		-		-		-		18,145		-		-			206			18,351
Issuance of common stock, net of issuance costs	14,047,455		1		-		-		-		-		340,008		-		-			112,804			452,813
Issuance of equity under employee stock plan	768,471		-		-		-		-		-		4,114		-		-			3,079			7,193
Vesting of restricted stock units	688,587		-		-		-		-		-		(5,590)		-		-			(2,657)			(8,247)
Issuance of penny warrants	-		-		-		-		-		-		89,196		-				31,960			121,156
Capped call	-		-		-		-		-		-		(31,688)		-		-			(12,840)			(44,528)
2034 Convertible Notes settlement	25,818,541		3		-		-		-		-		115,601		-		-			24,016			139,620
Redemption of AST LLC Common Units for Class A Common Stock	1,015,567		-		-		-		-		-		2,280		-		-			(2,280)			-
Foreign currency translation adjustments	-		-		-		-		-		-		-		1,284		-			493			1,777
Net loss	-		-		-		-		-		-		-		-		(145,100)			(54,431)			(199,531)
Balance, June 30, 2025	250,511,819		$24		11,227,292		$4		78,163,078		$8		$1,501,070		$1,108		$(634,845)			$290,381			$1,157,750

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)

Class ACommon Stock · Class BCommon Stock · Class CCommon Stock · Additional · AccumulatedOther
	Shares	Values	Shares	Values	Shares	Values	Paid-inCapital	ComprehensiveIncome	Accumulated Deficit	Noncontrolling Interest	Total Equity
Balance, March 31, 2024	138,153,310	$14	39,747,447	$4	78,163,078	$8	$373,773	$121	$(209,392)	$121,317	$285,845
Stock-based compensation	-	-	-	-	-	-	3,938	-	-	4,936	8,874
Issuance of common stock, net of issuance costs	9,725,157	1	-	-	-	-	49,397	-	-	30,047	79,445
Issuance of equity under employee stock plan	6,044	-	-	-	-	-	95	-	-	10	105
Vesting of restricted stock units	533,244	-	-	-	-	-	(572)	-	-	(354)	(926)
Redemption of AST LLC Common Units for Class A Common Stock	333,355	-	-	-	-	-	465	-	-	(465)	-
Foreign currency translation adjustments	-	-	-	-	-	-	-	(69)	-	(54)	(123)
Net loss	-	-	-	-	-	-	-	-	(72,550)	(58,800)	(131,350)
Balance, June 30, 2024	148,751,110	$15	39,747,447	$4	78,163,078	$8	$427,096	$52	$(281,942)	$96,637	$241,870

Class ACommon Stock · Class BCommon Stock · Class CCommon Stock · Additional · AccumulatedOther
	Shares	Values	Shares	Values	Shares	Values	Paid-inCapital	ComprehensiveIncome	Accumulated Deficit	Noncontrolling Interest	Total Equity
Balance, December 31, 2023	90,161,309	$9	50,041,757	$5	78,163,078	$8	$288,404	$227	$(189,662)	$114,568	213,559
Stock-based compensation	-	-	-	-	-	-	8,713	-	-	5,094	13,807
Issuance of common stock, net of issuance costs	46,821,930	5	-	-	-	-	118,948	-	-	68,179	187,132
Issuance of equity under employee stock plan	6,044	-	-	-	-	-	95	-	-	10	105
Vesting of restricted stock units	821,503	-	-	-	-	-	(693)	-	-	(547)	(1,240)
Redemption of AST LLC Common Units for Class A Common Stock	10,940,324	1	(10,294,310)	(1)	-	-	11,629	-	-	(11,629)	-
Foreign currency translation adjustments	-	-	-	-	-	-	-	(175)	-	(164)	(339)
Net loss	-	-	-	-	-	-	-	-	(92,280)	(78,874)	(171,154)
Balance, June 30, 2024	148,751,110	$15	39,747,447	$4	78,163,078	$8	$427,096	$52	$(281,942)	$96,637	$241,870

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.