AST SpaceMobile Rises 10% as Revenue Beat Eclipses Losses

Sales Beat Propels ASTS Stock Nearly 10%

AST SpaceMobile's stock gained almost 10% on Monday after the company reported sales of $54.3 million, decisively beating Wall Street's expectation of $42 million. The strong revenue performance overshadowed a net loss of $74 million for the quarter, which was larger than the anticipated $67 million loss. Investor enthusiasm continued in after-hours trading, with shares climbing another 3.9%.

This marks a significant ramp-up in operations for the company, which generated just $2 million in sales in the same period a year ago. The market's positive reaction underscores a clear investor focus on top-line growth as the primary metric for the pre-commercial space technology firm.

Company Targets 2026 for Network Scaling

CEO Abel Avellan confirmed that AST SpaceMobile became a revenue-generating business for the first time in 2025 and is now focused on its next major milestone. “In 2026, we expect to scale our space-based direct-to-device network from initial commercial activation toward the start of broader commercial service,” he stated. This long-term vision is what investors are buying into, with the stock having already increased 192% over the past 12 months coming into the week.

Wall Street models reflect this growth trajectory, projecting sales will reach approximately $227 million in 2026. While a net loss of $326 million is expected that year, analysts forecast the company will achieve positive earnings by 2028 on estimated sales of $1.9 billion.

AST Ends Quarter With $4B in Liquidity

Underpinning the company's ambitious expansion plans is a strong balance sheet. AST SpaceMobile ended the quarter with nearly $4 billion in total liquidity, providing a substantial runway to fund its operations. Projections indicate a cumulative cash use of about $1.2 billion through 2026 and 2027, with the company expected to generate positive free cash flow in 2028.

This financial stability allows the company to pursue its capital-intensive buildout of a space-based cellular broadband network. The stock's performance also occurred as other space-related equities like Rocket Lab and Intuitive Machines saw gains, reflecting broader investor interest in the sector.