The massive cash balance (~$166.5M) provides a multi-year runway for a pre-revenue space company, but the 54% revenue decline and widening EBITDA loss show the business is still in early commercialization. Monitor upcoming quarters for conversion of the technical pipeline into recurring government/commercial contracts and any guidance on revenue trajectory.
Price Chart
Executive Summary
Sidus Space reported Q2 2026 revenue of $583K, down 54% YoY, with a net loss improvement of 15% to -$4.8M. The company strengthened its balance sheet significantly, ending the quarter with $166.5M cash and no debt after a ~$100M registered direct offering, and highlighted progress on its LizzieSat platform and Fortis VPX computing system. The massive cash infusion and transition toward commercialization are positive, but the 54% revenue decline and widening adjusted EBITDA loss temper the outlook for a pre-revenue growth story.
Key Financial Metrics
Key Facts
- Revenue of $583K declined 54% YoY from $1.3M, driven by timing of fixed-price milestone contracts.
- Net loss improved 15% to -$4.8M from -$5.6M in Q2 2025.
- Cash position surged to $166.5M as of June 30, 2026, from $43.2M at year-end 2025, with no outstanding term debt.
- Closed a best-efforts registered direct offering on May 29, 2026, generating ~$100M gross proceeds.
- Adjusted EBITDA loss widened 29% to -$5.1M from -$3.9M in Q2 2025.
- Completed vibration testing on next LizzieSat spacecraft and integrated Fortis VPX Maxima computing platform.
- Included in Russell 2000, Russell 3000, and Russell Microcap Indexes effective June 26, 2026.
- Appointed Alan Khalili as CFO effective July 27, 2026.
Financial Impact
Revenue declined 54% YoY to $583K; net loss improved 15% to -$4.8M; cash increased ~$123M to $166.5M after ~$100M offering.
Risk Factors
- Revenue declined 54% YoY with no guidance provided for recovery, indicating ongoing lumpiness in milestone-based contracts.
- Adjusted EBITDA loss widened 29% to -$5.1M, suggesting cash burn is accelerating despite the large cash balance.
- Dilution from the ~$100M offering added 19.7M shares, increasing share count significantly from 65.3M to 101.1M Class A shares.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302852144 |
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%) |
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