AST SpaceMobile (NASDAQ:ASTS) Earnings Preview: Key Financials and Satellite Network Progress

• AST SpaceMobile (NASDAQ:ASTS) is set to report earnings on November 9, 2026, with analysts expecting a $0.42 per share loss and $45.7 million in revenue.
• The company is advancing its global satellite network, including a new joint venture, Rakuten AST, for a direct-to-device network in Japan.
• Key financial metrics include a debt-to-equity ratio of 1.58, a current ratio of 13.05, and a price-to-sales ratio of 114.49, reflecting significant investment in future growth.

AST SpaceMobile (NASDAQ:ASTS) is expected to report earnings after the market closes on November 9, 2026. Wall Street estimates a loss of about $0.42 per share and revenue of approximately $45.7 million. The company is building a satellite network that aims to connect ordinary smartphones without ground-based cell towers.

Investors are watching whether AST SpaceMobile can move closer to earning revenue from its satellites. On November 9, the company and Rakuten Group (OTCMKTS: RKUNY) announce Rakuten AST, a joint venture to build a direct-to-device network in Japan using low Earth orbit satellites. As highlighted by Business Wire, the announcement gives no financial terms or launch timeline.

AST SpaceMobile also plans to develop Blacklift, a reusable rocket designed to carry up to five BlueBird satellites per launch. As highlighted by 24/7 Wall St., launches are planned to start in late 2028, with Firefly Aerospace supplying the engines. The rocket has not yet been built, so the project may require significant spending before it supports satellite launches.

That spending matters alongside the expected $0.42-per-share loss. AST SpaceMobile has a debt-to-equity ratio of 1.58, meaning it carries $1.58 of debt for each $1.00 of shareholder equity. Its current ratio is 13.05, which indicates that assets available within a year exceed bills due within a year.

AST SpaceMobile has a price-to-sales ratio of 114.49, meaning its market value is 114.49 times its revenue over the past year. Its trailing price-to-earnings ratio is -14.97 because it is not profitable. The earnings report will show how revenue and losses compare with Wall Street’s estimates as the company works to expand its network.