8-KEarnings & ResultsRegulation FDOther Events+1

AST SpaceMobile, Inc. 8-K Report, Financial Results (Feb 11, 2026)

Filed February 11, 2026For Securities:ASTS

Summary

AST SpaceMobile, Inc. (ASTS) has filed a Form 8-K on February 11, 2026, primarily to announce proposed financing activities, including a convertible senior notes offering and registered direct offerings of its Class A common stock. The company provided preliminary unaudited financial information for the fiscal year ended December 31, 2025. This disclosure comes as ASTS aims to raise capital, with preliminary year-end cash reserves of approximately $2.78 billion. The filing indicates that ASTS generated between $63 million and $71 million in revenues for 2025, alongside operating expenses ranging from $355 million to $363 million. Adjusted operating expenses, excluding stock-based compensation and depreciation/amortization, were estimated between $257 million and $263 million. The company also reported significant gross capitalized property and equipment costs of approximately $1.6 billion and total consolidated indebtedness of roughly $2.26 billion as of year-end 2025. This financing activity is expected to provide additional capital for the company's ongoing development and operations.

Key Highlights

  • 1AST SpaceMobile announced a proposed offering of convertible senior notes due 2036 and proposed registered direct offerings of Class A common stock.
  • 2Preliminary 2025 revenues are estimated between $63 million and $71 million.
  • 3Preliminary 2025 operating expenses are estimated between $355 million and $363 million, with adjusted operating expenses between $257 million and $263 million.
  • 4As of December 31, 2025, the company reported approximately $2.78 billion in cash, cash equivalents, restricted cash, and restricted cash equivalents.
  • 5Total consolidated indebtedness as of December 31, 2025, was approximately $2.264 billion.
  • 6Gross capitalized property and equipment costs reached approximately $1.6 billion by December 31, 2025.
  • 7The company has approximately $80 million remaining under its October 2025 ATM program for potential future issuance.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce AST SpaceMobile's proposed financing activities, including an offering of convertible senior notes due 2036 and registered direct offerings of its Class A common stock. It also provides preliminary unaudited financial information for the fiscal year ended December 31, 2025.

Preliminary revenues are estimated to be between $63 million and $71 million. Total operating expenses are estimated between $355 million and $363 million, while adjusted operating expenses (excluding stock-based compensation and depreciation/amortization) are estimated between $257 million and $263 million. The company had approximately $2.78 billion in cash and equivalents and total consolidated indebtedness of approximately $2.26 billion as of December 31, 2025.

As of February 10, 2026, AST SpaceMobile had sold approximately $706.3 million of its Class A common stock under the October 2025 ATM Program. Approximately $80 million of the total $800 million program remains available for issuance, though the company has agreed not to sell shares under this program until 15 days after the pricing date of the new notes offering.

No, this filing provides preliminary, unaudited financial information for the fiscal year ended December 31, 2025. The company explicitly states that these estimates are subject to revision and have not been audited, reviewed, or compiled by independent accountants. Investors should not place undue reliance on these preliminary figures.