Stock-Based Compensation (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Schedule of Stock-Based Compensation Expense |
The Company recorded stock-based compensation expense in the following categories of its unaudited condensed consolidated statements of operations (in thousands):
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For the Three Months Ended
June 30, |
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For the Six Months Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Engineering services |
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$ |
30,120 |
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$ |
3,341 |
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$ |
69,329 |
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$ |
7,360 |
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General and administrative costs |
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32,953 |
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|
7,184 |
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48,831 |
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10,991 |
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Cost of revenues - services |
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$ |
394 |
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$ |
- |
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$ |
660 |
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$ |
- |
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Total |
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$ |
63,467 |
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$ |
10,525 |
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$ |
118,820 |
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$ |
18,351 |
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| Schedule of Stock Options Activities |
The following table summarizes the Company’s option activity under the AST LLC Incentive Plan for the six months ended June 30, 2026:
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Options |
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Weighted-Average Exercise Price |
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Weighted-Average Remaining Contractual Term (years) |
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Outstanding as of December 31, 2025 |
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4,677,777 |
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$ |
1.04 |
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|
3.72 |
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Granted |
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- |
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- |
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- |
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Exercised |
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(394,475 |
) |
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|
2.01 |
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- |
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Cancelled or forfeited |
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- |
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- |
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- |
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Outstanding as of June 30, 2026 |
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4,283,302 |
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$ |
0.95 |
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|
3.21 |
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Options exercisable as of June 30, 2026 |
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3,527,445 |
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$ |
1.06 |
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|
3.13 |
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Vested and expected to vest as of June 30, 2026 |
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3,527,445 |
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$ |
1.06 |
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3.13 |
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| Schedule of Unvested Option Activity |
The following table summarizes the Company’s unvested option activity for the six months ended June 30, 2026:
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Number of Shares |
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Weighted-Average Grant Date Fair Value |
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Unvested as of December 31, 2025 |
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755,857 |
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$ |
0.24 |
|
Granted |
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- |
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- |
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Vested |
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- |
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- |
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Forfeited |
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- |
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- |
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Unvested as of June 30, 2026 |
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|
755,857 |
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$ |
0.24 |
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| Schedule of Unvested Restricted Stock Units Activity |
The following table summarizes the Company’s unvested restricted stock unit activity for the six months ended June 30, 2026:
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Number of Shares |
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Weighted-Average Grant Date Fair Value |
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Unvested as of December 31, 2025 |
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1,233,054 |
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$ |
12.30 |
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Granted |
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- |
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- |
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Vested |
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(382,605 |
) |
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|
7.01 |
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Forfeited |
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(17,750 |
) |
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9.52 |
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Unvested as of June 30, 2026 |
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832,699 |
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$ |
14.79 |
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| Employee Stock Option |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Schedule of Stock Options Activities |
The following table summarizes the Company’s option activity under the 2020 Plan for the six months ended June 30, 2026:
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Options |
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Weighted-Average Exercise Price |
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Weighted-Average Remaining Contractual Term (years) |
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Outstanding as of December 31, 2025 |
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2,214,866 |
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$ |
9.20 |
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|
7.11 |
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Granted |
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- |
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- |
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Exercised |
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(446,108 |
) |
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9.33 |
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Cancelled or forfeited |
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(12,889 |
) |
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12.04 |
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Outstanding as of June 30, 2026 |
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1,755,869 |
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$ |
8.95 |
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|
6.59 |
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Options exercisable as of June 30, 2026 |
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1,344,028 |
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$ |
8.49 |
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|
6.36 |
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Vested and expected to vest as of June 30, 2026 |
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1,755,869 |
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$ |
8.95 |
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|
6.59 |
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| Schedule of Unvested Option Activity |
The following table summarizes the Company’s unvested option activity for the six months ended June 30, 2026:
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Number of Shares |
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Weighted-Average Grant Date Fair Value |
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Unvested as of December 31, 2025 |
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689,593 |
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$ |
5.02 |
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Granted |
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- |
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- |
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Vested |
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(265,594 |
) |
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|
4.44 |
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Forfeited |
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(12,158 |
) |
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|
7.35 |
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Unvested as of June 30, 2026 |
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|
411,841 |
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$ |
5.33 |
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| 2024 Incentive Award Plan [Member] |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Schedule of Unvested Restricted Stock Units Activity |
The following table summarizes the Company’s unvested restricted stock unit and restricted stock activity under the 2024 Plan for the six months ended June 30, 2026:
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Number of Shares |
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Weighted-Average Grant Date Fair Value |
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Unvested as of December 31, 2025 |
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6,873,666 |
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$ |
43.16 |
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Granted |
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3,808,207 |
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|
85.35 |
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Vested |
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(1,601,905 |
) |
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|
49.80 |
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Forfeited |
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(995,856 |
) |
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|
61.48 |
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Unvested as of June 30, 2026 |
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8,084,112 |
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$ |
59.46 |
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| 2024 Incentive Award Plan [Member] | Employee Stock Option |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Schedule of Stock Options Activities |
The following table summarizes the Company’s option activity under the 2024 Plan for the six months ended June 30, 2026:
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Options |
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Weighted-Average Exercise Price |
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Weighted-Average Remaining Contractual Term (years) |
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Outstanding as of December 31, 2025 |
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65,250 |
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$ |
24.65 |
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|
9.01 |
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Granted |
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- |
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- |
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- |
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Exercised |
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(6,615 |
) |
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|
22.51 |
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- |
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Cancelled or forfeited |
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(2,917 |
) |
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|
22.51 |
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|
- |
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Outstanding as of June 30, 2026 |
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|
55,718 |
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$ |
25.00 |
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|
8.53 |
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Options exercisable as of June 30, 2026 |
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|
16,215 |
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$ |
25.35 |
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|
8.54 |
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Vested and expected to vest as of June 30, 2026 |
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|
55,718 |
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$ |
24.86 |
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|
8.52 |
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| Schedule of Unvested Option Activity |
The following table summarizes the Company’s unvested option activity for the six months ended June 30, 2026:
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Number of Shares |
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|
Weighted-Average Grant Date Fair Value |
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Unvested as of December 31, 2025 |
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55,086 |
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$ |
14.01 |
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Granted |
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|
- |
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|
- |
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Vested |
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(12,666 |
) |
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|
26.18 |
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Forfeited |
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|
(2,917 |
) |
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|
22.51 |
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Unvested as of June 30, 2026 |
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|
39,503 |
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$ |
9.48 |
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