Quarterly ResultMay 14, 2026, 04:24 PM
York Space Systems Q1 Results; IPO & ALL.SPACE Acquisition Drive Expansion
AI Summary
York Space Systems reported Q1 2026 financial results, with revenue increasing 9% to $116.3 million. The company experienced a significant net loss of $(114.8) million, up 879% year-over-year, and Adjusted EBITDA turned negative. Strategic highlights include the completion of its IPO, raising $583 million, and the definitive agreement to acquire ALL.SPACE post-quarter end, aimed at expanding its market and capabilities. The company also secured a new $187 million commercial contract and reaffirmed its full-year 2026 revenue guidance of $545 million to $595 million.
Key Highlights
- Completed IPO, raising net proceeds of $583 million.
- Entered definitive agreement to acquire ALL.SPACE post-quarter end.
- Revenue increased 9% to $116.3 million in Q1 2026.
- Net loss significantly widened to $(114.8) million.
- Adjusted EBITDA turned negative to $(3.6) million.
- Backlog grew to $642 million as of March 31, 2026.
- Secured a new $187 million multi-year commercial contract.
- Reaffirmed full-year 2026 revenue guidance of $545M-$595M.