| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 0.53 | 112.0% | 23.2% |
| Total Income | 0.53 | 112.0% | 23.2% |
| Expenditure | 6.22 | 8.7% | 4.0% |
| PBT | -4.78 | 8.3% | 15.1% |
| Net Profit | -4.78 | 8.3% | 15.1% |
| OPM | — | ||
| NPM | — | ||
| EPS | -0.06 | 25.0% | 80.7% |
Sidus Space Reports Q2 2026 Financial Results and Business Update
15 Aug 2026 · 15 Aug, 2:54 am
Summary
Sidus Space announced its financial results for the second quarter ended June 30, 2026, reporting revenue of $583,000, a 54% decrease year-over-year. Despite the revenue decline, the company improved its gross loss by 39% to $630,000. The net loss for the quarter narrowed by 15% to $4.8 million. The company highlighted a strengthened balance sheet with $166.5 million in cash and no outstanding debt, alongside significant operational milestones including the completion of launch qualification testing for its LizzieSat spacecraft and the integration of its Fortis VPX computing platform. Management emphasized the focus on converting this foundation into recurring commercial and government revenue.
Key Highlights
- 1
Sidus Space reported revenue of $583,000 for the second quarter ended June 30, 2026, a decrease of 54% compared to $1.3 million in Q2 2025.
- 2
The company achieved a gross loss of $630,000, which represents a 39% improvement from a gross loss of $1.0 million in Q2 2025.
- 3
Selling, General and Administrative (SG&A) Expenses increased by 19% to $5.1 million compared to $4.3 million in Q2 2025.
- 4
Adjusted EBITDA for Q2 2026 was a loss of $5.1 million, compared to a loss of $3.9 million in Q2 2025.
- 5
Net loss for the quarter improved by 15% to $4.8 million, an improvement of $844,000 compared to Q2 2025.
- 6
The company's cash position stood at $166.5 million as of June 30, 2026, with no outstanding term debt.
- 7
Sidus Space successfully completed vibration testing on its next LizzieSat spacecraft and integrated its proprietary Fortis VPX digital mission computing platform.
Management Comments
Carol Craig
The second quarter materially strengthened our foundation. We raised capital on terms that provide the runway to execute without compromise, and we advanced our LizzieSat offerings with the addition of Fortis VPX Maxima, our proprietary digital mission computing platform. Its multi-domain, software-defined architecture gives customers a single computing backbone that carries across space, air, land, and sea. Additionally, we believe inclusion in the Russell 2000, Russell 3000, and Russell Microcap Indexes will broaden our institutional visibility. Our focus for the balance of the year is converting this technical and financial foundation into recurring commercial and government revenue.
Informational and educational content only. Not investment advice.