secwatch.observer — SEC 8-K summary
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Issuer:     AST SpaceMobile, Inc. (ASTS)
CIK:        0001780312
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001780312-26-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AST SpaceMobile reports $70.9M FY2025 revenue; raised $1.075B convertible notes; cash $3.9B
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- Full year 2025 revenue $70.9M (Q4 $54.3M), from gateway deliveries and U.S. Government milestones.
- Over $1.2B in contracted revenue commitments; $175M prepayment from stc Group under 10-year deal.
- BlueBird 6 deployed (largest commercial LEO array); target 45–60 satellites in orbit by end of 2026.
- Pro forma cash, equivalents, restricted cash and liquidity of $3.9B as of Dec 31, 2025.
- Raised $1.075B in 10-year convertible notes at 2.250% coupon; conversion price $116.30 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1780312/000178031226000005/0001780312-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1780312/000178031226000005/asts-20260302.htm
  HTML page:      https://secwatch.observer/filing/0001780312-26-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer