AST SpaceMobile, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-230.9M | $-191.0M | $-74.0M | $-122.9M | $-99.4M | $-45.7M | $-35.9M | $-171.9M |
| Depreciation & Amortization | $20.7M | $17.6M | $15.7M | $12.7M | $11.7M | $11.0M | $8.5M | $14.5M |
| Depreciation | — | — | — | $12.7M | $11.7M | $11.0M | $8.5M | $14.5M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $63.5M | $55.4M | $15.2M | $14.0M | $10.5M | $7.8M | $11.4M | $6.8M |
| Net Cash from Operating Activities | $-97.2M | $-48.1M | $65.0M | $-64.5M | $-43.5M | $-28.5M | $-28.4M | $-33.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $597.6M | $261.6M | $395.7M | $238.4M | $310.2M | $120.5M | $82.0M | $30.3M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-600.5M | $-379.3M | $-844.1M | $-266.4M | $-310.2M | $-120.5M | $-82.0M | $-30.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-37.0M | $1.11B | $2.34B | $611.4M | $419.8M | $455.9M | $159.5M | $294.7M |
| Net Change in Cash | $-736.0M | $678.9M | $1.56B | $280.7M | $64.9M | $306.9M | $48.6M | $231.3M |
| Free Cash Flow | $-694.8M | $-309.7M | $-330.7M | $-302.9M | $-353.6M | $-149.0M | $-110.5M | $-63.8M |