How does AST SpaceMobile (ASTS) make money?

AST SpaceMobile (ASTS) generates revenue primarily from Product, which accounted for 91% of total revenue in TTM through Q1 2026. The company reported $84.94M in revenue and converted -573.7% of it into net profit, equivalent to roughly −$487.25M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of AST SpaceMobile (ASTS)?

AST SpaceMobile (ASTS) reported a gross profit margin of -27% in TTM through Q1 2026, equivalent to −$22.93M in gross profit on $84.94M in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of AST SpaceMobile (ASTS)?

AST SpaceMobile (ASTS) reported an operating profit margin of -440.5% in TTM through Q1 2026, equivalent to −$374.16M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of AST SpaceMobile (ASTS)?

AST SpaceMobile (ASTS) reported a net profit margin of -573.7% in TTM through Q1 2026, equivalent to −$487.25M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is AST SpaceMobile (ASTS) profitable?

AST SpaceMobile (ASTS) reported a net loss of $487.25M for TTM through Q1 2026, a net profit margin of -573.7%. Combined operating expenses, interest, and income taxes exceeded revenue, so the period closed in the red on a reported basis.

How much does AST SpaceMobile (ASTS) invest in research and development?

AST SpaceMobile (ASTS) invested $97.54M in research and development during TTM through Q1 2026, roughly 114.8% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does AST SpaceMobile (ASTS) spend on capital expenditures?

AST SpaceMobile (ASTS) spent $1.21B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1419.8% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does AST SpaceMobile (ASTS) generate?

AST SpaceMobile (ASTS) generated −$1.30B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -1526.9%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of AST SpaceMobile (ASTS)?

AST SpaceMobile (ASTS) reports revenue across 2 reportable product segments, led by Product at 91% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How AST SpaceMobile Makes Money: 2026 Visual Revenue Map

AST SpaceMobile (ASTS) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 11, 2026).

AST SpaceMobile discloses geographic revenue only in annual filings. to view the full breakdown.

AST SpaceMobile (ASTS) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for AST SpaceMobile (ASTS) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Product	$77.27M	91%
Service	$7.66M	9%
Total	$84.94M	100%

Product$77.27M
Service$7.66M
Total$84.94M

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, AST SpaceMobile (ASTS) reports revenue across 2 operating segments; the largest segment was Product at 91%, followed by Service (9%).

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