Space Technology · MDA

“The increase was largely due to an increase in interest expense recognized on new borrowings following March 31, 2025 that included the 2032 2.375% Convertible Notes, the 2036 2.00% Convertible Notes, the 2036 2.25% Convertible Notes, the UBS Bridge Financing Loan, and the Trinity Capital Equipment Loan, partially offset by decreases in interest expense recognized on the 2034 Convertible Notes, which we converted into shares of our Class A Common Stock on January 22, 2025.”

ASTS 10-Q · 2026-05-11

“The increase was due to the net increase in borrowings following June 30, 2025 that included the issuance of the 2032 2.375% Convertible Notes, the 2036 2.00% Convertible Notes, the 2036 2.25% Convertible Notes, the UBS Bridge Financing Loan, and an increase in the Trinity Capital Equipment Loan, partially offset by decreases in the 2032 4.25% Convertible Notes, of which $456.5 million was repurchased, and the Prosperity Capital Equipment Loan and Prosperity Term Loan, which were fully repaid on March 11, 2026.”

ASTS 10-Q · 2026-08-10

“This was primarily driven by a $6.5 million increase in costs related to the continuing ramp of the Alpha program, a $3.9 million increase in payroll expenses related to the expansion of production capacity, a $3.1 million increase in depreciation and amortization due to additional research and development assets being placed into service, and a $2.4 million increase in insurance expenses and other incremental costs related to our expanding research and development activities.”

FLY 10-Q · 2025-09-22