AST SpaceMobile, Inc. filed its quarterly report on Form 10-Q for the period ended June 30, 2026, disclosing total revenues of $31.5 million for the second quarter and a net loss attributable to common stockholders of $230.9 million, with total assets reaching $5.85 billion.

Key Highlights

  • Total revenues: $31,520 thousand for Q2 2026, up from $1,156 thousand in Q2 2025, according to the filing.
  • Net loss attributable to common stockholders: $230,909 thousand ($0.77 per basic and diluted share) for the three months ended June 30, 2026.
  • Loss on involuntary conversion: $125,911 thousand recorded in Q2 2026, with no comparable charge in Q2 2025, as disclosed in the filing.
  • Total assets: $5,854,885 thousand as of June 30, 2026, compared to $5,014,387 thousand as of December 31, 2025.
  • Long-term debt, net: $2,963,422 thousand as of June 30, 2026, up from $2,207,583 thousand at December 31, 2025.
  • Cash and cash equivalents: $2,288,253 thousand as of June 30, 2026, compared to $2,335,683 thousand at December 31, 2025.
  • Shares outstanding: 299,789,305 shares of Class A common stock as of August 6, 2026, per the filing's cover page.

AST SpaceMobile's Q2 2026 Revenue Growth and Operating Losses

According to the filing, AST SpaceMobile (NASDAQ: ASTS) reported total revenues of $31,520 thousand for the three months ended June 30, 2026, compared to $1,156 thousand for the same period in 2025. Products revenues accounted for $24,428 thousand and services revenues contributed $7,092 thousand in Q2 2026. For the six months ended June 30, 2026, the company reported total revenues of $46,255 thousand, versus $1,874 thousand for the first half of 2025.

The filing disclosed total operating expenses of $329,097 thousand for Q2 2026, compared to $73,953 thousand in Q2 2025. Engineering services costs were $87,286 thousand and general and administrative costs were $63,901 thousand for the quarter. A loss on involuntary conversion of $125,911 thousand was also recorded in Q2 2026. Net loss before allocation to noncontrolling interest was $299,919 thousand for the three months ended June 30, 2026, versus $135,903 thousand in the comparable prior-year period.

On the balance sheet, the company reported total stockholders' equity of $2,397,578 thousand as of June 30, 2026, a modest increase from $2,392,325 thousand at December 31, 2025. The accumulated deficit widened to $1,253,606 thousand from $831,685 thousand over the same period. Property and equipment, net grew to $2,069,336 thousand from $1,398,761 thousand, reflecting continued capital investment, as disclosed in the filing. Non-current contract liabilities stood at $252,093 thousand as of June 30, 2026.

What Was Disclosed

AST SpaceMobile's 10-Q for Q2 2026 disclosed a significant increase in revenues year-over-year, alongside a wider net loss driven by higher operating costs and a $125,911 thousand loss on involuntary conversion, with total assets growing to $5.85 billion as of June 30, 2026.