AST SpaceMobile (ASTS) Operating Expenses (2020 - 2026)
AST SpaceMobile (ASTS) posted quarterly 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 reported Operating Expenses for 7 consecutive years, with $164.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 157.76% year-over-year to $164.1 million; the TTM figure through Mar 2026 stood at $459.1 million (up 80.14% YoY), while the FY2025 annual figure was $358.6 million, up 45.09% from the prior year.
- Operating Expenses advanced to $164.1 million in Q1 2026 per ASTS's latest filing, from $126.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $164.1 million in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 170.27% — and 2024, when it decreased 0.39%.
- AST SpaceMobile's Operating Expenses stood at $49.3 million in 2022, then advanced by 23.43% to $60.9 million in 2023, then slipped by 0.39% to $60.6 million in 2024, then surged by 108.74% to $126.6 million in 2025, then gained 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 6.12 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 9.93 Bn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 182.50 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | -1.02 Bn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 453.68 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 79.89 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | -1.95 Bn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 329.10 Mn |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 504.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 329.10 Mn |
| 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 |