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AST SpaceMobile books a $125.9m loss on one satellite, after insurance
Second-quarter 2026 10-Q: on 19 April the New Glenn 3 mission left BB7 in a lower orbit than planned and the satellite was de-orbited. The company recovered $32.5m of insurance and put the remainder on one line of the income statement
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AST SpaceMobile, Inc. Form 10-Q (second quarter 2026, accession 0001193125-26-342550): condensed consolidated statements of operations; condensed consolidated balance sheets; condensed consolidated statements of cash flows; Note 1 (launch history and the Up-C structure); the BB7 and insurance note; the Loss on Involuntary Conversion paragraph in MD&A; the subsequent events note. Quarterly and half-year figures cross-checked against SEC XBRL Company Facts.
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AST SpaceMobile, Inc. (ASTS) carries a line called loss on involuntary conversion of $125.911m in its second-quarter 2026 income statement. It is the write-off of the BB7 satellite, which was de-orbited on 19 April 2026, stated net of insurance recoveries.
In plain terms
AST SpaceMobile launches communications satellites that ordinary mobile phones connect to directly. One satellite launched in April ended up too low to be usable, and after recovering part of the cost from insurers the company charged the remaining $125.9m as an expense this quarter. That single line is a large share of the quarter's costs.
What happened
AST SpaceMobile, Inc. (ASTS) is building a constellation of satellites that ordinary mobile phones connect to directly. At the foot of the operating expenses in the second-quarter 2026 income statement there is a line that was not there a year earlier.
Income statement line
Q2 2026
Q2 2025
Loss on involuntary conversion
$125.911m
—
Total operating expenses
$329.097m
$73.953m
That line's share
38.3%
—
The company states that the amount is the write-off of the BB7 satellite, net of related insurance recoveries.
What happened on 19 AprilSubscribers
Insurance came to ●●mSubscribers
The size of the line within the quarterSubscribers
We find the numbers that are in the filing but not in the news, and analyze what they mean, how big they are and what to watch next quarter — with the arithmetic and quarterly metrics. Cancel any time.
The remaining book value is written off and insurance receivable is deducted, with the difference charged to that quarter. The amount and its position are in the subscriber section.
How much did insurance cover?
The company states the amount already received and the amount still expected separately. Both figures are in the subscriber section.
How large is this line within the quarter?
The subscriber section sets it against total operating expenses, quarterly revenue and the quarterly net loss.
What does revenue consist of?
It splits into products and services, with the related-party portion disclosed separately. The subscriber section reproduces the split.
Where can I check this myself?
On SEC EDGAR, open AST SpaceMobile, Inc.'s second-quarter 2026 Form 10-Q (accession 0001193125-26-342550) and read the income statement and the BB7 note.
Revision history
— Corrected 2026-09-25 — the article stated second-quarter revenue of $13.84m (and $7.3m a year earlier); the income statement in the 10-Q reports total revenues of $31.520m and $1.156m. The brief-building tool had placed a stale value from an XBRL tag the company stopped using in 2024 into the curren
How aiSwingX™ wrote this
We read the filing on SEC EDGAR in full — statements, notes, MD&A. Press releases and news are not used as sources.
Every figure is reconciled to its location in the filing and to XBRL data. One mismatch means no publication.
An editor reviews before publication; any later change is recorded in the revision history.
AST SpaceMobile, Inc. Form 10-Q (second quarter 2026, accession 0001193125-26-342550): condensed consolidated statements of operations; condensed consolidated balance sheets; condensed consolidated statements of cash flows; Note 1 (launch history and the Up-C structure); the BB7 and insurance note; the Loss on Involuntary Conversion paragraph in MD&A; the subsequent events note. Quarterly and half-year figures cross-checked against SEC XBRL Company Facts. · SEC EDGAR · This article is not investment advice. Disclaimer
Open the filing cited at the bottom of the article (e.g. the 10-Q note number) on SEC EDGAR via the link at the end of the article.
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A four-item summary of the article: the key figure, what it means, the source, and what to watch next quarter. If you are short on time, read just that.
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aiSwingX™ analyzes US filings and reports them as news investors can read.
35 Amazon: 8 Meta AI: 5 Claude: 3 Perplexity: 3 ChatGPT: 2 Google · Gemini: 0 Others: 13
Read by AI & crawlers
Amazon8
Meta AI5
Claude3
Perplexity3
ChatGPT2
Google · Gemini0
Others13
Counted by the name each crawler gives. Google · Gemini includes Googlebot, whose index Google also uses for its AI features; other search engines and bots are in Others.
