Free · no account · quoted from the filing

What changed in ASTS's 10-Q

Source: 10-Q filed 2026-05-11 · compared against 10-Q 2025-11-10. Every passage below is quoted verbatim from the filing itself.

Debt

This filing
Long-term debt, net 2,963,296

Liquidity

This filing
non-current restricted cash of $428.4 million consisted of the cash collateral for the loan agreement, dated as of October 31, 2025, by and between BackstopCo, LLC, as borrower, and UBS AG, Stamford Branch, as lender

Revenue Segmentation

This filing
Products revenues (includes related party revenues of $7,852 and $0 for the three months ended March 31, 2026 and 2025, respectively)

Commercial Service Revenue

This filing
To date, the Company has not recognized any revenue from SpaceMobile Service

Warrant Liabilities

This filing
Warrant liabilities - 7,471

Accounting Policies

This filing
The Company elected the practical expedient, available as part of the early adoption of Accounting Standards Update ("ASU") 2025-05...not to consider management's expectations of conditions in the future for current accounts receivable and current contract assets

Related Party Disclosures

This filing
includes related party accounts receivable of $10,095 and $2,091 at March 31, 2026 and December 31, 2025, respectively
What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.