AST SpaceMobile, Inc.

NasdaqGS-ASTS

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Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	-415.5	-554.7	-550.2	-526.3	-551.4	-299
Net Income Before Allocation to Noncontrolling Interest
Depreciation & Amortization	43.9	45.7	54.4	63.3	74.5	79
Depreciation
Amortization of Intangible Assets
Depreciation and Amortization
Share-Based Compensation Expense	43.8	36.6	34.9	32	23.3	19.1
Stock-Based Compensation
Other Adjustments	51	291.5	293.2	283	301.1	56
Interest Earned on Securities Held in Trust Account
Unrealized Loss on Securities Held in Trust Account
Deferred Income Tax Provision
Gain on Sale of Nano
Amortization of Debt Issuance Costs
Non-Cash Lease Expense
Write Off of Unamortized Debt Issuance Costs
Income on Disposal of Property and Equipment
Income on Remeasurement of Warrant Liabilities
Non-Cash Interest Expense
Issuance of Common Stock for Commitment Shares
Changes in Trade Receivables	—	—	—	—	—	—
Accounts Receivable
Changes in Inventories	—	—	—	—	—	—
Inventory
Changes in Accounts Payable	19.5	29.3	2.9	-6.3	-1.9	-10.9
Accounts Payable and Accrued Expenses
Changes in Income Taxes Payable	—	—	—	—	—	—
Income Tax Payable
Changes in Unearned Revenue	44.1	21.3	41.8	42	—	—
Contract Liabilities
Changes in Other Operating Activities	-26.1	-9.5	5.3	-13.9	4.9	3.6
Prepaid Expenses and Other Current Assets
Operating Lease Liabilities
Operating Lease Right-of-Use Assets and Operating Lease Liabilities
Other Assets and Liabilities
Cash from Operating Activities	-164.9	-133.9	-106.6	-126.1	-122.6	-125.2
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-751.1	-543	-255	-174.1	-114.4	-157.6
Purchase of Property and Equipment
BlueWalker 3 Satellite - Construction in Process
Purchases of Intangible Assets	—	—	—	—	—	—
Purchase of Intangible Asset
Proceeds from Business Divestments	—	—	—	—	—	—
Proceeds from Sale of Nano, Net of Cash Deconsolidated and Transaction Costs
Cash from Investing Activities	-779	-543	-255	-174.1	-114.4	-157.6
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	—	—	—	145	—	240.3
Proceeds from Debt
Proceeds from Promissory Note with Common Shareholder
Repayments of Long-Term Debt	-51.5	-49.6	-48.8	-48.8	-0.2	-0.2
Repayments of Debt
Repayment for Founder Bridge Loan
Net Issuance / (Repayments) of Long-Term Debt	-51.5	-49.6	-48.8	96.2	-0.2	240
Issuance of Common Shares	799.6	836.8	509.2	710.5	341.6	190.4
Proceeds from Issuance of Common Stock
Proceeds from Warrants Exercises
Issuance of Equity Under Employee Stock Plan
Repurchases of Common Shares	-20.6	-10	-6.3	-5.2	-4.2	-2.5
Employee Taxes Paid for Stock-Based Compensation Awards
Net Issuance / (Repurchases) of Common Shares	779	826.8	503	705.3	337.4	187.9
Issuance of Preferred Shares	—	—	—	—	—	—
Proceeds from Issuance of Series B Preferred Stock
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—
Other Financing Activities	-24.6	-32.2	-28.6	-21.6	-23.1	-25.1
Payment for Debt Issuance Costs
Proceeds from Business Combination
Direct and Incremental Costs Incurred for the Business Combination
Payments for Third Party Equity Issuance Costs
Issuance Costs from Issuance of Series B Preferred Stock
Cash from Financing Activities	1,646.6	1,329.9	1,023.7	780	619.8	378.8
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	-916	-676.9	-361.6	-300.3	-237	-282.8
NOPAT	-269.6	-260.8	-250.8	-243.4	-248.9	-242.1
Levered Free Cash Flow	-1,025.1	-858.7	-525.5	-292.8	-333.4	9
Unlevered Free Cash Flow	-939.3	-717.1	-401.5	-332.4	-285.9	-328
Net Change in Cash	702.6	653	662.1	479.7	382.7	96