The 51% revenue growth and improved gross loss are positive signals, but the company is still burning cash rapidly and remains pre-profitability. The $58.5M April offering provides a cash runway, but the CFO departure adds uncertainty. Monitor the next quarter for revenue trajectory and cash burn rate to assess if the growth story is gaining traction.
Price Chart
Executive Summary
Sidus Space reported Q1 2026 revenue of $359,372, up 51% YoY from $238,494, and a net loss of $5.2M, improving 19% from a $6.4M loss in Q1 2025. The company also completed a $58.5M registered direct offering in April 2026, strengthening its liquidity, but announced a CFO transition effective June 1, 2026. The revenue growth is positive, but the company remains deeply unprofitable with a negative gross margin and a cash burn that consumed $15.8M in Q1 alone.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $359,372, up 51% YoY from $238,494
- Net loss of $5.2M, improved 19% from $6.4M loss in Q1 2025
- Gross loss of $1.1M, improved 36% from $1.6M gross loss in Q1 2025
- Cash position of $27.3M as of March 31, 2026, down from $43.2M at year-end 2025
- Completed $58.5M gross proceeds registered direct offering on April 21, 2026
- CFO transition announced: current CFO departing June 1, 2026; John Burke appointed Interim CFO
- No outstanding term debt as of March 31, 2026; asset-based loan fully repaid in January 2026
- Operating cash flow used $5.6M in Q1 2026 vs $3.2M used in Q1 2025
Financial Impact
Revenue up 51% YoY to $359K; net loss improved 19% to $5.2M; cash burn of $15.8M in Q1
Risk Factors
- Continued negative gross margin (-292% in Q1 2026) indicates core business is still unprofitable
- Cash burn of $15.8M in Q1 suggests the $27.3M cash balance may only last ~2 quarters without the April offering
- CFO transition creates near-term execution risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-023291 |
| Document: form8-k.htm | 0001493152-26-023291 |
| Document: 0001493152-26-023291-index-headers.html | 0001493152-26-023291 |
| Document: 0001493152-26-023291-index.html | 0001493152-26-023291 |
| Document: 0001493152-26-023291.txt | 0001493152-26-023291 |
| 8-K Data (Synthetic) | 0001493152-26-023291 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | Press Release | $1.26 $1.17 | ▼ −7.14% | ▼ −7.60% | $1.12 (−11.11%) |
Oct 9, 2026 17d ago | 8-K | $1.44 $1.17 | ▲ +18.75% | ▲ +17.26% | $1.12 (+22.22%) |
Oct 6, 2026 20d ago | 3 | $1.64 $1.26 | ▼ −23.17% | ▼ −22.19% | $1.12 (−31.71%) |
Oct 6, 2026 20d ago | 8-K | $1.64 $1.26 | ▼ −23.17% | ▼ −22.19% | $1.12 (−31.71%) |
Aug 14, 2026 10w ago | 8-K | $2.54 $2.22 | ▼ −12.43% | ▼ −11.24% | $1.12 (−55.82%) |
Aug 14, 2026 10w ago | Press Release | $2.54 $2.22 | ▼ −12.43% | ▼ −11.24% | $1.12 (−55.82%) |
Aug 7, 2026 11w ago | Press Release | $2.24 $2.60 | ▲ +16.07% | ▲ +15.67% | $1.12 (−50.00%) |
May 15, 2026 23w ago | 8-K | $4.01 $5.12 | ▲ +27.68% | ▲ +26.72% | $1.12 (−72.07%) |
Apr 20, 2026 27w ago | 424B5 | $3.75 $3.08 | ▲ +17.87% | ▲ +18.95% | $1.12 (+70.13%) |
Apr 20, 2026 27w ago | 8-K | $3.75 $3.08 | ▼ −17.87% | ▼ −18.95% | $1.12 (−70.13%) |
US Market Status
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