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	-163.8	-135.9	-63.6	-52.1	-303.1	-131.4
Net Income Before Allocation to Noncontrolling Interest
Depreciation & Amortization	12.7	11.7	11	8.5	14.5	20.4
Depreciation
Amortization of Intangible Assets
Depreciation and Amortization
Share-Based Compensation Expense	14	10.5	7.8	11.4	6.8	8.9
Stock-Based Compensation
Other Adjustments	85.1	65.7	4	-10.1	240.8	72.3
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
Amortization of Debt Commitment Fee
Induced Conversion Expense on Convertible Notes
Changes in Trade Receivables	-10.1	—	—	—	—	—
Accounts Receivable
Changes in Inventories	-9.8	—	—	0.9	-0.9	—
Inventory
Changes in Accounts Payable	-2.9	20	0.7	1.7	6.9	-6.5
Accounts Payable and Accrued Expenses
Changes in Income Taxes Payable	—	—	—	—	—	—
Income Tax Payable
Changes in Unearned Revenue	23.5	1.3	-0.2	19.5	0.7	21.8
Contract Liabilities
Changes in Other Operating Activities	-13.1	-16.5	11.8	-8.3	3.5	-1.7
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	-64.5	-43.5	-28.5	-28.4	-33.4	-16.2
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-238.4	-310.2	-120.5	-82	-30.3	-22.2
Purchase of Property and Equipment
BlueWalker 3 Satellite - Construction in Process
Purchases of Intangible Assets	-28	—	—	—	—	—
Purchase of Intangible Asset
Purchase of Spectrum Intangibles
Purchases of Investments	—	—	—	—	—	—
Investment of Cash in Trust Account
Proceeds from Business Divestments	—	—	—	—	—	—
Proceeds from Sale of Nano, Net of Cash Deconsolidated and Transaction Costs
Other Investing Activities	—	—	—	—	—	—
Cash Withdrawn from Trust Account to Pay Franchise and Income Taxes
Cash from Investing Activities	-266.4	-310.2	-120.5	-82	-30.3	-22.2
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	570.3	24.3	449.2	—	—	35
Proceeds from Promissory Note - Related Party
Proceeds from Debt
Proceeds from Promissory Note with Common Shareholder
Repayments of Long-Term Debt	-844.8	-0.9	-0.1	-48.6	-0.1	-0.1
Repayment of Promissory Note - Related Party
Repayments of Debt
Repayment for Founder Bridge Loan
Payments for Repurchase of 2032 4.25% Convertible Notes
Net Issuance / (Repayments) of Long-Term Debt	-274.5	23.4	449.2	-48.6	-0.1	34.9
Issuance of Common Shares	964.5	409.5	60.4	215.2	305.3	81.9
Proceeds from Sale of Units, Net of Underwriting Discounts Paid
Proceeds from Issuance of Common Stock
Proceeds from Warrants Exercises
Issuance of Equity Under Employee Stock Plan
Proceeds from Warrant Exercise
Proceeds from Share Issuances to Repurchase 2032 4.25% Convertible Notes
Repurchases of Common Shares	-12.7	-4.7	-1.4	-1.9	-2.1	-0.9
Employee Taxes Paid for Stock-Based Compensation Awards
Net Issuance / (Repurchases) of Common Shares	951.9	404.9	59.1	213.4	303.2	81
Issuance of Preferred Shares	—	—	—	—	—	—
Proceeds from Issuance of Series B Preferred Stock
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—
Other Financing Activities	-65.9	-30.8	-52.4	-7.4	-8.4	-5
Proceeds from Sale of Private Placement Warrants
Payment of Offering Costs
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
Purchase of Capped Call Transactions
Payments for Debt Commitment Fee
Cash from Financing Activities	611.4	419.8	455.9	159.5	294.7	113.6
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	-302.9	-353.6	-149	-110.5	-63.8	-38.4
NOPAT	-79.9	-73.2	-63.1	-58.9	-65.7	-63.1
Levered Free Cash Flow	-625.5	-369.7	306.3	-144.2	-177.6	-25.8
Unlevered Free Cash Flow	-307.9	-366.9	-160.3	-118.7	-71.2	-51.3
Net Change in Cash	280.6	66.1	306.9	49.1	230.9	75.2