York Space Systems, Inc · Q1 2026 earnings

Briefing

York Space Systems reported revenue growth and a net loss driven by stock-based compensation and acquisition costs in Q1 2026.

York Space Systems, Inc. reported revenue of $116.3 million for the first quarter of 2026, up 9% year-over-year, primarily from government contracts. The company recorded a net loss of $114.8 million, largely due to $84.7 million in stock-based compensation expense following its IPO and transaction costs from the Orbion acquisition. Cash position strengthened significantly to $655.7 million after the IPO, supporting ongoing operations and strategic acquisitions.

• Revenue increased 9% to $116.3 million, with 98% from government customers.
• Net loss widened to $114.8 million primarily due to $84.7 million stock-based compensation post-IPO.
• Completed IPO raising $583.4 million net proceeds and acquired Orbion Space Technology.
• Backlog grew to $642.3 million with over 55% expected to convert to revenue in the next 12 months.

Headline financials

Revenue & EPS history

Company expects continued growth from government contracts and integration of recent acquisitions including Orbion and pending All.Space deal.