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

AST SpaceMobile (ASTS) reported Operating Expenses of $164.1 million for Q1 2026, up 157.76% year-over-year from $63.7 million in Q1 2025, and up 29.68% quarter-over-quarter 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.

  • Operating Expenses for Q1 2026 came in at $164.1 million, up 157.76% year-over-year; the trailing twelve-month figure through Mar 2026 was $459.1 million (up 80.14% YoY), and the FY2025 annual result was $358.6 million, up 45.09% from the prior year.
  • Operating Expenses improved to $164.1 million in Q1 2026 per ASTS's latest filing, from $126.6 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $164.1 million in Q1 2026 and troughed at $32.7 million in Q1 2022.
  • A 5-year average of $67.8 million and a median of $60.6 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 170.27% in 2022, then decreased 0.39% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $49.3 million in 2022, then gained by 23.43% to $60.9 million in 2023, then decreased by 0.39% to $60.6 million in 2024, then jumped by 108.74% to $126.6 million in 2025, then rose by 29.68% to $164.1 million in 2026.
  • Business Quant data shows ASTS's Operating Expenses at $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 480.96 Bn 464.32 Bn 10.08 Bn 6.12 Bn
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn 436.11 Mn
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 691.00 Mn
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn 8.83 Bn
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn 182.50 Mn
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 79.89 Mn
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn 164.15 Mn
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn 56.91 Mn
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 527.00 Mn
10 Viavi Solutions 10.76 Bn 10.75 Bn 234.10 Mn 209.30 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