10-Q

Quarterly report

✓ VerifiedAST SpaceMobile recorded a $125.9 million loss on involuntary conversion after its BB7 satellite was de-orbited, while products revenues rose to $24.4 million for the three months ended June 30, 2026.

Filed Aug 10, 2026 · 16:42 ET

Summary

On April 19, 2026, during the New Glenn 3 mission, BB7 was placed into a lower than planned orbit and was de-orbited, producing a loss on involuntary conversion of $125.9 million net of related insurance recoveries.
The Company launched BB8, BB9, and BB10 on June 17, 2026, and launched BB11, BB12, and BB13 on August 5, 2026, as part of its Block 2 BB satellite campaign.
Products revenues of $24.4 million and services revenues of $7.1 million were recorded for the three months ended June 30, 2026, primarily from gateway equipment sales to MNOs and U.S. government agreements.
Net loss attributable to common stockholders was $(230,909) for the three months ended June 30, 2026, compared with $(99,394) in the prior year period.
As of June 30, 2026 the Company held approximately $2.7 billion of cash and cash equivalents and restricted cash, including $434.6 million of restricted cash.
In July 2026 the Company issued $1,150.0 million aggregate principal amount of 2034 1.625% Convertible Notes, using approximately $111.4 million of net proceeds to pay for capped call transactions.

Key facts

Loss on involuntary conversion (BB7): $125.9 million
From the filing for Loss on involuntary conversion (BB7)
“Loss on involuntary conversion of $125.9 million for the three months ended June 30, 2026 consisted of the loss recognized for the asset write-off of the BB7 satellite, net of related insurance recoveries.”
Products revenues Q2 2026: $24.4 million
From the filing for Products revenues Q2 2026
“Products revenues of $24.4 million and less than $0.1 million for the three months ended June 30, 2026 and 2025, respectively”
Services revenues Q2 2026: $7.1 million
From the filing for Services revenues Q2 2026
“Services revenues of $7.1 million and $1.1 million for the three months ended June 30, 2026 and 2025, respectively”
Net loss attributable to common stockholders Q2 2026: $(230,909)
From the filing for Net loss attributable to common stockholders Q2 2026
“Net loss attributable to common stockholders $ ( 230,909”
Cash on hand: approximately $2.7 billion
From the filing for Cash on hand
“As of June 30, 2026, we had approximately $2.7 billion of cash and cash equivalents and restricted cash on hand, including $434.6 million of restricted cash.”
BB8, BB9, BB10 launch: June 17, 2026
From the filing for BB8, BB9, BB10 launch
“On June 17, 27 2026, we launched BB8, BB9, and BB10, which were successfully deployed in July 2026.”
BB11, BB12, BB13 launch: August 5, 2026
From the filing for BB11, BB12, BB13 launch
“On August 5, 2026, we successfully launched BB11, BB12, and BB13.”
2034 1.625% Convertible Notes: $1,150.0 million
From the filing for 2034 1.625% Convertible Notes
“In July 2026, we issued $1,150.0 million aggregate principal amount of convertible senior notes due 2034 (the "2034 1.625% Convertible Notes")”

Why it mattersThe de-orbiting of BB7 removed one Block 2 satellite and drove a $125.9 million charge, while the Company continues launching Block 2 satellites toward its targeted constellation. Gateway equipment and government revenues are now producing meaningful quarterly sales.

Filed: Aug 10, 2026
Accepted: 2026-08-10 20:42Z
Period: Jun 30, 2026
Accession no.: 0001193125-26-342550
Size: 11.8 MB
Index: Filing index

Summary

Documents