AST SpaceMobile (ASTS) Operating Expenses (2020 - 2026)

AST SpaceMobile's (ASTS) quarterly Operating Expenses came in at $164.1 million in Q1 2026, up 157.76% year-on-year from $63.7 million in Q1 2025, and up 29.68% on a QoQ basis from $126.6 million in Q4 2025.

AST SpaceMobile (ASTS) Operating Expenses (2020 - 2026) Analysis & Trends

AST SpaceMobile (ASTS) has 7 years of Operating Expenses data on file, last reported at $164.1 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 157.76% year-over-year to $164.1 million in Q1 2026; TTM through Mar 2026 was $459.1 million, a 80.14% increase from a year earlier, with the FY2025 full-year figure at $358.6 million, up 45.09% from the prior year.
  • Operating Expenses for Q1 2026 stood at $164.1 million, up from $126.6 million in the prior quarter.
  • Over the last five years, Operating Expenses for ASTS reached as high as $164.1 million in Q1 2026 and fell as low as $32.7 million in Q1 2022.
  • Historically, Operating Expenses has averaged $67.8 million across 5 years, with a median of $60.6 million in 2024.
  • Across the five-year window, Operating Expenses surged 170.27% in 2022 and fell 0.39% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $49.3 million in 2022, then grew by 23.43% to $60.9 million in 2023, then declined by 0.39% to $60.6 million in 2024, then jumped by 108.74% to $126.6 million in 2025, then climbed by 29.68% to $164.1 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $164.1 million in Q1 2026, $126.6 million in Q4 2025, and $94.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Cisco Systems 444.27 Bn 427.63 Bn 10.08 Bn 6.12 Bn
2 Motorola Solutions 68.42 Bn 67.56 Bn 1.36 Bn 691.00 Mn
3 Hewlett Packard Enterprise 63.57 Bn 58.72 Bn 9.10 Bn 8.83 Bn
4 Lumentum Holdings 59.61 Bn 56.43 Bn 357.00 Mn 182.50 Mn
5 Ciena 57.62 Bn 56.33 Bn 625.52 Mn 436.11 Mn
6 Nokia 52.70 Bn 45.22 Bn 9.86 Bn -992.30 Mn
7 Ubiquiti 32.00 Bn 31.63 Bn 370.71 Mn 79.89 Mn
8 AST SpaceMobile 17.20 Bn 17.78 Bn 3.67 Mn 164.15 Mn
9 Zebra Technologies 12.59 Bn 12.48 Bn 742.00 Mn 527.00 Mn
10 Viasat 10.14 Bn 8.46 Bn 615.36 Mn 295.67 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 164.15 Mn
Dec 31, 2025 126.58 Mn
Sep 30, 2025 94.42 Mn
Jun 30, 2025 73.95 Mn
Mar 31, 2025 63.68 Mn
Dec 31, 2024 60.64 Mn
Sep 30, 2024 66.65 Mn
Jun 30, 2024 63.89 Mn
Mar 31, 2024 56.00 Mn
Dec 31, 2023 60.88 Mn
Sep 30, 2023 58.97 Mn
Jun 30, 2023 58.07 Mn
Mar 31, 2023 44.45 Mn
Dec 31, 2022 49.32 Mn
Sep 30, 2022 42.12 Mn
Jun 30, 2022 35.40 Mn
Mar 31, 2022 32.74 Mn
Dec 31, 2021 31.26 Mn
Sep 30, 2021 23.11 Mn
Jun 30, 2021 25.10 Mn