AST SpaceMobile, Inc. (ASTS) Form 10-Q — Aug 10, 2026

$ASTSForm 10-QFiled Aug 10, 2026, 4:42 PM ET0001193125-26-342550Original filing

AST SpaceMobile reported Q2 2026 revenue of $31.5 million, up from $1.2 million a year earlier, driven by $24.4 million of gateway equipment sales to mobile network operators and $7.1 million of services on U.S. government contracts. The company has not yet recognized any revenue from the SpaceMobile Service itself. Net loss attributable to common stockholders widened to $230.9 million, or $0.77 per share, from $99.4 million a year ago, including a $125.9 million loss on involuntary conversion after the BB7 satellite was placed into a lower-than-planned orbit during the New Glenn 3 mission in April 2026 and was de-orbited.

Key figures

Eps: -0.77 (Q2 2026 basic and diluted); -1.43 (H1 2026)
Revenue: $31.5 million (Q2 2026) vs $1.2 million (Q2 2025); $46.3 million for the six months ended June 30, 2026
Net Income: -$230.9 million attributable to common stockholders (Q2 2026) vs -$99.4 million (Q2 2025); -$421.9 million for H1 2026
Total Debt: $3.02 billion at June 30, 2026
Revenue Yoy: +2,626% YoY in Q2 2026 (computed from stated $31.52M vs $1.16M)
Cash Position: $2.29 billion cash and cash equivalents at June 30, 2026
Shares Outstanding: 299,789,305 Class A, 11,215,111 Class B, 78,163,078 Class C as of August 6, 2026
Capped call cost: $111.4 million (strike $79.57, cap $149.20)
Interest income q2: $27.7 million
Interest expense q2: $26.1 million
Contract liabilities: $266.9 million
Lband annual payment: at least $80.0 million annually to Ligado
Ligado payments made: $520 million ($420M paid October 2025; $100M paid March 2026 and placed in escrow by Bankruptcy Court order April 2, 2026)
General admin costs q2: $63.9 million
Noncontrolling interest pct: 23.0% (vs 23.9% at Dec 31, 2025)
Sound point credit facility: $550 million delayed-draw facility, undrawn, available until October 5, 2026
Total operating expenses q2: $329.1 million
Engineering services costs q2: $87.3 million
2036 2.25pct convertible notes: $1.075 billion issued February 2026 (conversion price ~$116.30)
Loss on involuntary conversion: $125.9 million (BB7 placed in lower-than-planned orbit and de-orbited)
Remaining performance obligations: ~$1.2 billion as of June 30, 2026
Subsequent 2034 convertible notes: $1.15 billion at 1.625% issued on or about July 20, 2026 (conversion price ~$79.57)
Induced conversion charge 2032 notes: $324.6 million equity charge on the 2032 2.375% notes repurchase (Feb 2026)

Price after filing

1 day: 0.0%7 days: -1.1%30 days: -8.1%

Close on the filing date to close N calendar days later (from $71.94). Historical, not a forecast.

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