For the quarter ending 2026-03-31, ASTS had $678,904K increase in cash & cash equivalents over the period. -$309,657K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss before allocation to noncontrolling interest | -249,581 | -97,653 | -163,827 | -135,903 |
| Depreciation and amortization | 17,615 | 15,717 | 12,716 | 11,720 |
| Amortization of debt issuance costs | 2,046 | 1,522 | 485 | 412 |
| Amortization of debt commitment fee | 2,200 | 2,200 | 1,833 | - |
| Write off of unamortized debt issuance costs | 63 | 0 | - | - |
| Loss on disposal of property and equipment | -1,842 | -3,560 | -1,045 | 0 |
| Induced conversion expense on convertible notes | 88,654 | 15,364 | 84,317 | - |
| Loss on remeasurement of warrant liabilities | 1,174 | 2,854 | -2,938 | 65,032 |
| Stock-based compensation | 55,353 | 15,152 | 13,987 | 10,525 |
| Non-cash interest expense | 698 | 1,361 | - | - |
| Non-cash interest income | 301 | 564 | - | - |
| Non-cash interest expense | - | - | -845 | - |
| Loss from equity method investment | -4,908 | -1,205 | - | - |
| Paid-in-kind ('pik') interest expense | - | - | - | 0 |
| Accounts receivable | -10,273 | 26,235 | 10,091 | - |
| Prepaid expenses and other current assets | 5,816 | 22,474 | 3,166 | 12,593 |
| Inventory | 4,749 | 1,122 | 9,823 | - |
| Accounts payable and accrued expenses | 24,048 | 14,523 | -2,947 | 19,960 |
| Operating lease right-of-use assets and operating lease liabilities | - | - | -24 | -29 |
| Contract liabilities | 5,974 | 136,919 | 23,511 | 1,296 |
| Other assets and liabilities | 2,459 | -3,402 | 9,888 | 3,898 |
| Net cash used in operating activities | -48,058 | 64,969 | -64,462 | -43,478 |
| Purchase of property and equipment | 261,599 | 395,696 | 238,423 | 310,166 |
| Capital advances to ligado | 100,000 | 420,000 | - | - |
| Purchase of spectrum intangibles | 17,664 | 28,436 | 27,961 | - |
| Net cash used in investing activities | -379,263 | -844,132 | -266,384 | -310,166 |
| Proceeds from debt | 1,060,608 | 1,567,744 | 570,281 | 24,250 |
| Repayments of debt | 18,213 | 2,180 | 2,014 | 861 |
| Payment for debt issuance costs | 3,070 | 5,681 | -609 | 116 |
| Proceeds from issuance of common stock | 80,723 | 719,277 | 113,841 | 406,511 |
| Payments for third party equity issuance costs | 458 | 13,016 | 1,461 | 8,380 |
| Proceeds from warrant exercises | - | 0 | 0 | - |
| Issuance of equity under employee stock plan | 2,499 | 3,765 | 850 | 3,012 |
| Employee taxes paid for stock-based compensation awards | 20,070 | 4,339 | 12,652 | 4,654 |
| Purchase of capped call transactions | 0 | 0 | 54,050 | 0 |
| Proceeds from capped call sales | - | 74,522 | - | - |
| Proceeds from share issuances to repurchase convertible notes-Two Thousand Thirty Two Four Point Two Five Convertible Notes | 180,537 | - | - | - |
| Payments for debt commitment fee | - | 0 | 11,000 | - |
| Payments for repurchase of convertible notes-Two Thousand Thirty Two Four Point Two Five Convertible Notes | 180,537 | - | - | - |
| Proceeds from share issuances to repurchase 2032 4.25 convertible notes | - | 161,060 | 849,827 | - |
| Proceeds from share issuances to repurchase convertible notes-Two Thousand Thirty Two Two Point Three Seven Five Convertible Notes | 433,739 | - | - | - |
| Payments for repurchase of 2032 4.25 convertible notes | - | 160,717 | 842,805 | - |
| Payments for repurchase of convertible notes-Two Thousand Thirty Two Two Point Three Seven Five Convertible Notes | 430,424 | - | - | - |
| Net cash provided by financing activities | 1,105,334 | 2,340,435 | 611,426 | 419,762 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 891 | -1,435 | 143 | -1,176 |
| Net increase in cash, cash equivalents and restricted cash | 678,904 | 1,559,837 | 280,723 | 64,942 |
| Cash and cash equivalents and restricted cash, beginning of period | 2,779,960 | 1,220,123 | 939,400 | 874,458 |
| Cash and cash equivalents and restricted cash, end of period | 3,458,864 | 2,779,960 | 1,220,123 | 939,400 |
AST SpaceMobile, Inc. (ASTS)
AST SpaceMobile, Inc. (ASTS)