AST SpaceMobile projects revenue growth from $70.9M in FY25 to $1B by FY27, backed by strong contracts and liquidity.

AST SpaceMobile reported $70.9 million in revenue for fiscal year 2025 and expects significant growth to $150–$200 million in FY26 and $1 billion by FY27. The company benefits from a $1.2 billion contracted backlog and a $175 million prepayment from STC Group, providing strong revenue visibility and early cash inflows. With $3.9 billion in liquidity, AST SpaceMobile is funding over 100 satellites, reducing near-term risks related to dilution and deployment. Despite high capital expenditures impacting near-term profitability, the company’s service margins near 90% and fixed-cost structure offer substantial operating leverage as satellite deployment scales.