AST SpaceMobile, Inc. (ASTS) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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ASTS Revenue Growth
Revenue Breakdown (FY 2025)
ASTS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
ASTS Revenue Analysis (2018–2025)
As of May 6, 2026, AST SpaceMobile, Inc. (ASTS) generated trailing twelve-month (TTM) revenue of $70.9 million, reflecting explosive growth of +2731.3% year-over-year. The most recent quarter (Q4 2025) recorded $54.3 million in revenue, up 268.4% sequentially.
Looking at the longer-term picture, ASTS's 5-year compound annual growth rate (CAGR) stands at +64.1%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $70.9 million in 2025, representing a new all-time high.
Revenue diversification analysis shows ASTS's business is primarily driven by Product (63%), and Service (37%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including GSAT (+8.5% YoY), IRDM (+4.1% YoY), and VSAT (+2.1% YoY), ASTS has outperformed the peer group in terms of revenue growth. Compare ASTS vs GSAT →
ASTS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ASTSCurrent | $71M | +2731.3% | +64.1% | -405.7% | |
 GSAT | $250M | +8.5% | +13.7% | -0.4% | |
 IRDM | $872M | +4.1% | +8.4% | 27.1% | |
 VSAT | $4.5B | +2.1% | +14.4% | -2.2% | |
 SPCE | $7M | -82.4% | +13.2% | -5352.9% | |
 TMUS | $88.3B | +9.5% | +5.2% | 21.2% |
ASTS Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $70.9M | +1505.2% | $37.9M | 53.4% | $-287,713,000 | -405.7% |
| 2024 | $4.4M | - | $4.4M | 100.0% | $-242,762,000 | -5494.8% |
| 2023 | $0 | -100.0% | $0 | - | $-222,367,000 | - |
| 2022 | $13.8M | +11.4% | $7.1M | 51.4% | $-145,764,000 | -1054.4% |
| 2021 | $12.4M | +107.9% | $4.8M | 39.0% | $-83,833,000 | -675.8% |
| 2020 | $6.0M | +322.0% | $2.9M | 49.3% | $-23,470,000 | -393.3% |
| 2019 | $1.4M | +297.2% | $460K | 32.5% | $-10,888,000 | -770.0% |
| 2018 | $356K | - | $193K | 54.2% | $-4,579,000 | -1286.2% |
Full ASTS Stock Analysis
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Start ComparisonASTS — Frequently Asked Questions
Quick answers to the most common questions about buying ASTS stock.
Is ASTS's revenue growth accelerating or slowing?
ASTS revenue is accelerating at +2731.3% year-over-year, exceeding the 5-year CAGR of +64.1%. TTM revenue reached $71M. Growth momentum has increased versus prior periods.
What is ASTS's long-term revenue growth rate?
AST SpaceMobile, Inc.'s 5-year revenue CAGR of +64.1% reflects the sustained expansion pattern. Current YoY growth of +2731.3% is above this long-term average.
How is ASTS's revenue distributed by segment?
ASTS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.