Monitor the company's cash runway and any future capital raises. The going concern disclosure and accelerating cash burn suggest risk of dilution or restructuring. The STARLAUNCH program milestone is a positive technical step but does not change near-term liquidity concerns.
Price Chart
Executive Summary
Starfighters Space reported Q1 2026 results with $0 revenue, a net loss of $4.27M (61% YoY increase), and cash burn accelerating to $3.96M in operating cash flow. The Form 10-Q includes going concern and material weakness disclosures, highlighting liquidity risk with only $2.14M in cash and restricted cash.
Key Financial Metrics
Key Facts
- Nil revenue for Q1 2026 and Q1 2025; pre-revenue stage
- Net loss of $4.27M, up 61% from $2.65M in Q1 2025
- Operating expenses increased 116% to $4.05M
- Cash burn: net cash used in operating activities was $3.96M vs $1.67M YoY
- Cash plus restricted cash fell to $2.14M as of March 31, 2026
- Total stockholders' equity decreased to $22.43M from $24.9M
- Going concern and material weakness disclosures in Form 10-Q
- Wind tunnel testing of STARLAUNCH 1 completed with no adverse aerodynamic interactions
Financial Impact
Net loss of $4.27M, operating cash outflow of $3.96M, cash runway appears limited given current burn rate
Risk Factors
- Going concern risk with cash less than 2 quarters of current burn
- Potential dilution from equity financing to fund operations
- No revenue visibility; development-stage with uncertain path to commercialization
- Material weaknesses in internal controls
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001062993-26-002822 |
| Exhibit: exhibit99-1.htm | 0001062993-26-002822 |
| Document: 0001062993-26-002822-index-headers.html | 0001062993-26-002822 |
| Document: 0001062993-26-002822-index.html | 0001062993-26-002822 |
| Document: 0001062993-26-002822.txt | 0001062993-26-002822 |
| 8-K Data (Synthetic) | 0001062993-26-002822 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 24, 2026 10w ago | 8-K | $3.43 $3.90 | ▲ +13.70% | ▲ +10.08% | $1.72 (−49.85%) |
Jul 21, 2026 10w ago | 10-K/A | $3.72 $3.97 | ▼ −6.72% | ▼ −3.82% | $1.72 (+53.76%) |
Jun 9, 2026 16w ago | S-1 | $8.10 $4.47 | ▲ +44.81% | ▲ +48.44% | $1.72 (+78.77%) |
May 22, 2026 19w ago | 8-K | $7.20 $4.71 | ▲ +34.60% | ▲ +33.19% | $1.72 (+76.11%) |
May 21, 2026 19w ago | 8-K | $5.15 $4.70 | ▲ +8.83% | ▲ +9.17% | $1.72 (+66.60%) |
Apr 13, 2026 24w ago | 8-K | $5.06 $5.39 | ▼ −6.52% | ▼ −0.23% | $1.72 (+66.01%) |
Feb 25, 2026 31w ago | 8-K | $7.20 $6.54 | ▲ +9.17% | ▲ +2.76% | $1.72 (+76.11%) |
US Market Status
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