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| 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 |