York Space Systems Q1 FY26 operating loss widens to $110.47 million; revenue rises 9% to $116.34 million

York Space Systems, Inc.

York Space Systems, Inc.

YSS

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  • York Space Systems posted a net loss of $114.84 million as revenue rose 9% to $116.34 million for the three months ended March 31, 2026.
  • Operating loss widened to $110.47 million from $6.63 million a year earlier, driven by stock-based compensation expense of $84.7 million.
  • Gross profit fell 10% to $22.15 million, cutting gross margin by 4 percentage points to 19%.
  • Backlog climbed to $642.3 million from $542.56 million at Dec. 31, 2025, with over 55% expected to convert to revenue within 12 months.
  • Recent activity included a $187 million commercial M-CLASS satellite contract, Orbion acquisition for $11.2 million in cash plus 2,812,141 shares, and agreement to buy All.Space for $355 million split between about $155 million cash and up to 5,900,000 shares.


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