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| Date | Value |
|---|---|
| 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 |