| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 0.25 | 56.3% |
| Total Income | 0.25 | 56.3% |
| Expenditure | 5.72 | 8.2% |
| PBT | -5.21 | 18.7% |
| Net Profit | -5.21 | 18.7% |
| OPM | — | |
| NPM | — | |
| EPS | -0.08 | 77.1% |
Sidus Space Reports Q1 2026 Financial Results: Revenue Up 51% Y/Y
15 May 2026 · 15 May, 3:51 pm
Summary
Sidus Space announced its financial results for the first quarter ended March 31, 2026, showcasing a 51% increase in revenue to $359,000 compared to the same period last year. The company's gross loss improved by 36%, and the net loss decreased by 19%. The company highlighted continued on-orbit execution and disciplined financial management. Sidus Space's cash position as of March 31, 2026, was $27.3 million.
Key Highlights
- 1
Sidus Space reported a 51% increase in revenue to $359,000 for the first quarter of 2026, compared to $238,000 in Q1 2025.
- 2
The company's gross loss improved by 36% to $1.1 million in Q1 2026, compared to a gross loss of $1.6 million in Q1 2025.
- 3
Net loss for Q1 2026 improved by 19% to $5.2 million, compared to a net loss of $6.4 million in Q1 2025.
- 4
The cost of revenue decreased by 25% to $1.4 million in Q1 2026, compared to $1.9 million in Q1 2025.
- 5
As of March 31, 2026, Sidus Space's cash position was $27.3 million, with no outstanding term debt.
Management Comments
Carol Craig
“During the first quarter, we continued to execute our technical roadmap while maintaining disciplined cost control,” said Carol Craig, Founder and Chief Executive Officer of Sidus Space. “We delivered high-resolution imagery from LizzieSat-3, advanced customer payload commissioning, and finalized flight ready configurations for next generation systems planned for LizzieSat-4 and LizzieSat-5. These milestones strengthen our on-orbit heritage and position Sidus to support future missions while remaining focused on responsible capital allocation and operational execution.”
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