How AST SpaceMobile (ASTS) Makes Money: A Visual Guide
AST SpaceMobile (ASTS) generated $84.94M in revenue but reported a net loss of $487.25M. Its largest revenue source is Product (91% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
In TTM through Q1 2026, AST SpaceMobile (ASTS) generated revenue across 2 reportable product segments; the largest contributor was Product at 91%, followed by Service (9%).
AST SpaceMobile (ASTS) Income Statement Flow — TTM through Q1 2026
Calculated from the four most recent reported quarters, ending .
AST SpaceMobile (ASTS) Revenue by Product Segment — TTM through Q1 2026
Revenue contribution by product segment for AST SpaceMobile (ASTS) in TTM through Q1 2026.
Product
- Revenue
- $77.27M
- % of total
- 91%
Service
- Revenue
- $7.66M
- % of total
- 9%
Total
- Revenue
- $84.94M
- % of total
- 100%
| Segment | Revenue | % of total |
|---|---|---|
| Product | $77.27M | 91% |
| Service | $7.66M | 9% |
| Total | $84.94M | 100% |
Frequently asked questions
How does AST SpaceMobile (ASTS) make money?
AST SpaceMobile (ASTS) primarily makes money through Product, which accounts for 91% of total revenue. For TTM through Q1 2026, AST SpaceMobile generated $84.94M in total revenue with a net profit margin of -573.7%.
What is AST SpaceMobile (ASTS) gross profit margin?
AST SpaceMobile (ASTS) reported a gross profit margin of -27% for TTM through Q1 2026, equivalent to −$22.93M in gross profit. This means AST SpaceMobile retains -27% of each revenue unit after direct costs of production.
What is AST SpaceMobile (ASTS) operating profit margin?
AST SpaceMobile (ASTS) reported an operating profit margin of -440.5% for TTM through Q1 2026, equivalent to −$374.16M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is AST SpaceMobile (ASTS) net profit margin?
AST SpaceMobile (ASTS) reported a net profit margin of -573.7% for TTM through Q1 2026, equivalent to −$487.25M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does AST SpaceMobile (ASTS) invest in R&D?
AST SpaceMobile (ASTS) invested $97.54M in research and development in TTM through Q1 2026 (114.8% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does AST SpaceMobile (ASTS) spend on capital expenditures?
AST SpaceMobile (ASTS) spent $1.21B on capital expenditures in TTM through Q1 2026 (1419.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is AST SpaceMobile (ASTS) free cash flow?
AST SpaceMobile (ASTS) generated −$1.30B in free cash flow for TTM through Q1 2026 (-1526.9% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What are AST SpaceMobile (ASTS) main revenue segments?
AST SpaceMobile (ASTS) reports revenue across 2 reportable product segments, led by Product at 91% of total revenue in TTM through Q1 2026. The full segment-by-segment breakdown is shown in the revenue-by-segment table on this page.
Data & methodology
What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
Where do segment and geographic numbers come from?
Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).
When was this data last updated?
Based on company filings through TTM through Q1 2026.
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