AST SpaceMobile, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: AST SpaceMobile (ASTS) reported a net loss of $191.0M in Q1 2026, more than quadrupling year-over-year, while the company dramatically expanded its balance sheet to $6.05B in total assets—primarily funded by $1.1B in new financing—as it accelerates its satellite broadband network buildout.
Drawn from management commentary in the Q1 2026 10-Q:
Total assets surged 341.8% year-over-year to $6.05B, with cash and equivalents reaching $3.03B (up 246.7% YoY), reflecting aggressive capital raises totaling $1.1B in financing cash flows during Q1 2026 to fund satellite constellation deployment.
Net loss deepened to $191.0M in Q1 2026 from $45.7M in Q1 2025, a 317.9% deterioration YoY, as the company continues to invest heavily in its space-based cellular broadband infrastructure ahead of meaningful commercial revenue generation.
Long-term debt increased 541.1% YoY to $2.96B, indicating the company is leveraging debt alongside equity financing to fund the capital-intensive deployment of its BlueBird satellite constellation.
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