AST SpaceMobile recently announced its third-quarter financial outcomes, which unfortunately did not align with market expectations. The company's stock subsequently experienced a dip, reflecting investor reactions to the disclosed figures. Despite the financial shortfall, the company's CEO expressed confidence in its market position and growth trajectory, reiterating its revenue forecasts for the latter half of the year.
AST SpaceMobile's Q3 Performance and Market Response
On Monday evening, November 10, 2025, after the closing bell, AST SpaceMobile Inc. (NASDAQ: ASTS) unveiled its third-quarter earnings report, which notably disappointed financial analysts. The report indicated a loss of 45 cents per share, significantly wider than the anticipated 23 cents loss. Furthermore, the company's quarterly revenue stood at $14.73 million, falling short of the consensus estimate of $19.93 million. This substantial miss on both earnings and revenue targets led to a noticeable decline in the company's stock value in after-hours trading.
A deeper dive into the report revealed a marked increase in adjusted operating expenses, which climbed to $67.7 million in the third quarter. This represents an increase of $16 million compared to the $51.7 million reported in the preceding quarter of 2025. The surge in expenses was primarily driven by a $7.6 million rise in adjusted engineering services costs, a $5.5 million increase attributed to gateway deliveries, and a $3.8 million uptick in adjusted general and administrative costs.
Despite the challenging financial quarter, Abel Avellan, CEO of AST SpaceMobile, maintained an optimistic tone. He emphasized the company's leadership in the direct-to-device space-based cellular broadband industry, highlighting a significant acceleration in commercial activities over recent months. Avellan pointed to robust demand across the ecosystem as a testament to the effectiveness of their solutions. Looking ahead, AST SpaceMobile reiterated its revenue guidance for the second half of 2025, projecting figures between $50 million and $75 million.
Following these announcements, Benzinga Pro data indicated that AST SpaceMobile's stock saw a slight recovery in extended trading on Monday, rising by 1.11% to reach $69.46, after an initial wobble.
This financial update offers a crucial insight into the volatile nature of emerging technology sectors, especially those venturing into space-based solutions. While a miss in earnings can trigger immediate market reactions, the underlying growth narrative and long-term vision articulated by leadership often play a pivotal role in shaping investor confidence. The continued reiteration of revenue guidance, despite increased operational costs, suggests a strategic focus on scaling operations and capturing market share, which could eventually translate into sustained financial performance. It underscores the importance of looking beyond immediate quarterly figures to assess a company's strategic direction and potential for future growth.