AST SpaceMobile (ASTS) Reports 2025 Revenue of $70.9M with Transition to Commercial-Stage

Core Insights - AST SpaceMobile Inc. has transitioned from a pre-revenue stage to a commercial-stage company, reporting full-year revenue of $70.9 million for 2025 due to the delivery of 15 commercial gateways and achievements through US government contracts [1][4] Financial Performance - The company ended 2025 with a strong balance sheet, boasting $3.9 billion in liquidity, which supports the capital needed to build and launch over 100 satellites without requiring additional convertible note offerings [2] - For 2026, AST SpaceMobile is targeting revenue growth, forecasting a range of $150 million to $200 million, which represents at least a doubling of revenue compared to 2025 [3] Operational Developments - To meet increasing demand, AST SpaceMobile has scaled its manufacturing capacity to produce six satellites per month at its facilities in Texas and Florida [3] - The upcoming launch of the BlueBird 7 satellite in March 2026 will utilize a 'stackable' configuration, allowing for more efficient batch launches of up to eight satellites at a time [3] - The new Block 2 BlueBird program features satellites that are 3.5 times larger than previous models and offer a tenfold increase in capacity [2]