AST SpaceMobile (ASTS) Cost of Revenue (2020 - 2026)
AST SpaceMobile (ASTS) reported Cost of Revenue of $84.1 million for Q1 2026, up 209.13% year-over-year from $27.2 million in Q1 2025, and up 82.17% quarter-over-quarter from $46.2 million in Q4 2025.
AST SpaceMobile (ASTS) Cost of Revenue (2020 - 2026) Analysis & Trends
AST SpaceMobile (ASTS) has 7 years of Cost of Revenue data on file, last reported at $84.1 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $84.1 million, up 209.13% year-over-year; the trailing twelve-month figure through Mar 2026 was $199.7 million (up 97.37% YoY), and the FY2025 annual result was $142.5 million, up 52.43% from the prior year.
- Cost of Revenue climbed to $84.1 million in Q1 2026 per ASTS's latest filing, from $46.2 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $84.1 million in Q1 2026 and troughed at $2.0 million in Q1 2022.
- A 5-year average of $27.4 million and a median of $21.8 million in 2024 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue tumbled 64.91% in 2022, then soared 936.01% in 2023.
- A 5-year view of Cost of Revenue shows it stood at $47.5 million in 2022, then tumbled by 57.91% to $20.0 million in 2023, then soared by 54.78% to $30.9 million in 2024, then jumped by 49.18% to $46.2 million in 2025, then jumped by 82.17% to $84.1 million in 2026.
- Business Quant data shows ASTS's Cost of Revenue at $84.1 million in Q1 2026, $46.2 million in Q4 2025, and $40.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 469.93 Bn | 453.29 Bn | 10.08 Bn | 5.76 Bn |
| 2 | Motorola Solutions | 65.69 Bn | 64.83 Bn | 1.36 Bn | 1.35 Bn |
| 3 | Hewlett Packard Enterprise | 63.18 Bn | 58.34 Bn | 8.25 Bn | 1.05 Bn |
| 4 | Ciena | 60.70 Bn | 59.40 Bn | 625.52 Mn | 148.87 Mn |
| 5 | Lumentum Holdings | 60.35 Bn | 57.18 Bn | 357.00 Mn | 432.10 Mn |
| 6 | Ubiquiti | 35.71 Bn | 35.34 Bn | 370.71 Mn | 417.49 Mn |
| 7 | AST SpaceMobile | 23.10 Bn | 23.68 Bn | -69.36 Mn | 84.10 Mn |
| 8 | Applied Optoelectronics | 12.30 Bn | 11.86 Bn | 43.92 Mn | 6.35 Mn |
| 9 | Zebra Technologies | 11.58 Bn | 11.47 Bn | 742.00 Mn | 189.00 Mn |
| 10 | Viavi Solutions | 10.70 Bn | 10.69 Bn | 234.10 Mn | 172.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 84.10 Mn |
| Mar 31, 2026 | 84.10 Mn |
| Dec 31, 2025 | 46.16 Mn |
| Dec 31, 2025 | 46.16 Mn |
| Sep 30, 2025 | 40.84 Mn |
| Sep 30, 2025 | 40.84 Mn |
| Jun 30, 2025 | 28.60 Mn |
| Jun 30, 2025 | 28.60 Mn |
| Mar 31, 2025 | 27.20 Mn |
| Mar 31, 2025 | 27.20 Mn |
| Dec 31, 2024 | 30.95 Mn |
| Dec 31, 2024 | 30.95 Mn |
| Sep 30, 2024 | 21.83 Mn |
| Sep 30, 2024 | 21.83 Mn |
| Jun 30, 2024 | 21.20 Mn |
| Jun 30, 2024 | 21.20 Mn |
| Mar 31, 2024 | 19.51 Mn |
| Mar 31, 2024 | 19.51 Mn |
| Dec 31, 2023 | 19.99 Mn |
| Dec 31, 2023 | 19.99 Mn |