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Momentus Inc.
MNTSCIK 0001781162NasdaqNon-AcceleratedSmaller ReportingGuided Missiles & Space Vehicles & PartsDelawareFY ends Dec 31
Period
FY 2025
Revenue
$1.10M
Net Income
$-30.50M
Total Assets
$40.32M
Equity
$17.14M
Shares Out
9.99M
Op. Cash Flow
$-23.30M
Business
Momentus Inc. is a U.S. commercial space company that designs and manufactures satellites, satellite buses, and orbital service vehicles (OSVs) incorporating proprietary propulsion and power technologies. Primary offerings include space transportation services for payload delivery to custom orbits, hosted payload services, and planned in-orbit servicing capabilities such as refueling, inspection, and maintenance. The company serves government and commercial satellite operators through a modular platform approach leveraging its Vigoride OSV across multiple service lines and market segments.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Service revenue | 1 | 2 | 3 | 300,000 | 330,000 | |
| Cost of revenue | 2,000 | 66,000 | 855,000 | 26,000 | −135,000 | |
| Gross profit | 1 | 2 | 2 | 273,000 | 465,000 | |
| Research and development expenses | 9 | 10 | 34 | 42 | 51 | |
| Selling, general and administrative expenses | 19 | 22 | 36 | 50 | 49 | |
| Total operating expenses | 28 | 32 | 70 | 92 | 100 | |
| Loss from operations | −27 | −30 | −68 | −91 | −100 | |
| Realized loss on disposal of assets | 0 | −188,000 | −17,000 | −168,000 | −17,000 | |
| Interest income | 57,000 | 25,000 | 1 | 522,000 | 2,000 | |
| Interest expense | −677,000 | −395,000 | −2 | — | — | |
| Loss on debt extinguishment | −3 | −4 | 0 | — | — | |
| Change in fair value of convertible debt carried at fair value | −835,000 | 0 | — | — | — | |
| Change in fair value of warrant liability | 2 | 0 | 561,000 | 5 | 37 | |
| Other expense | −1 | −447,000 | −180,000 | 54,000 | −5 | |
| Total other income (expense), net | −3 | −5 | −748,000 | −4 | 220 | |
| Net loss | −31 | −35 | −69 | −95 | 121 | |
| Deemed dividend on downround of warrants | −117,000 | 0 | — | — | — | |
| Net loss attributable to common stockholders | −31 | −35 | — | — | — | |
| Net loss attributable to common stockholders | −31 | −35 | — | — | — | |
| Net loss per share, basic (in dollars per share) | −49.1 | −414.01 | −323.96 | −58.53 | 1.85 | |
| Net loss per share, diluted (in dollars per share) | −49.1 | −414.01 | −323.96 | −58.53 | 1.7 | |
| Weighted average shares outstanding, basic (in shares) | 622,937 | 84,409 | 212,744 | 2 | 65 | |
| Weighted average shares outstanding, fully diluted (in shares) | 622,937 | 84,409 | 212,744 | 2 | 71 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 13 | 2 | 2 | 61 | 160 | |
| Restricted cash, current | 100,000 | 0 | 0 | 1 | 197,000 | |
| Accounts receivable | 0 | 879,000 | 0 | — | — | |
| Insurance receivable | 100,000 | 408,000 | 100,000 | 4 | 0 | |
| Prepaids and other current assets | 9 | 2 | 9 | 10 | 9 | |
| Total current assets | 22 | 5 | 11 | 76 | 170 | |
| Property, machinery and equipment, net | 953,000 | 2 | 3 | 4 | 5 | |
| Intangible assets, net | 201,000 | 253,000 | 341,000 | 337,000 | 349,000 | |
| Operating right-of-use asset | 8 | 347,000 | 5 | 6 | 8 | |
| Other non-current assets | 9 | 3 | 602,000 | 5 | 3 | |
| Total assets | 40 | 10 | 21 | 92 | 186 | |
| Accounts payable | 4 | 6 | 3 | 2 | 2 | |
| Accrued liabilities | 2 | 3 | 5 | 8 | 10 | |
| Loan payable, current | 3 | 5 | 2 | 12 | 21 | |
| Contract liabilities, current | 4 | 345,000 | 0 | 2 | 0 | |
| Operating lease liability, current | 836,000 | 685,000 | 1 | 1 | 1 | |
| Litigation settlement contingency | 802,000 | 420,000 | 0 | 9 | 0 | |
| Other current liabilities | 541,000 | 1,000 | 9,000 | 27,000 | 5 | |
| Total current liabilities | 16 | 15 | 11 | 43 | 39 | |
| Contract liabilities, non-current | 100,000 | 2 | 1 | 1 | 2 | |
| Warrant liability | 3,000 | 3,000 | 3,000 | 564,000 | 6 | |
| Operating lease liability, non-current | 7 | 333,000 | 5 | 6 | 7 | |
| Other non-current liabilities | 0 | 515,000 | 489,000 | 465,000 | 483,000 | |
| Total non-current liabilities | 7 | 3 | 6 | 11 | 15 | |
| Total liabilities | 23 | 18 | 17 | 54 | 54 | |
| Commitments and Contingencies (Note 12) | — | — | — | — | — | |
| Series A preferred stock, $0.00001 par value; 20,000,000 shares authorized and 547,408 issued and outstanding as of December 31, 2025; 20,000,000 shares authorized and 0 issued and outstanding as of December 31, 2024 | 0 | 0 | 0 | 0 | — | |
| Additional paid-in capital | 456 | 400 | 376 | 343 | 341 | |
| Accumulated deficit | −439 | −408 | −373 | −304 | −209 | |
| Total stockholders equity (deficit) | 17 | −8 | 3 | 39 | 132 | |
| Total liabilities and stockholders equity (deficit) | 40 | 10 | 21 | 92 | 186 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 1 | 857,000 | 894,000 | 1 | 1 | |
| Amortization of debt (premium) and issuance costs | 12,000 | 147,000 | 1 | 3 | 12 | |
| Amortization of right-of-use assets | 228,000 | 1 | 1 | 1 | 1 | |
| Change in fair value of the Credit Provision Derivative | −164,000 | 0 | — | — | — | |
| Impairment of prepaid services | 2 | 0 | — | — | — | |
| Debt issuance costs expensed for convertible debt carried at fair value | 165,000 | 0 | — | — | — | |
| Loss on debt extinguishment | 3 | 4 | 0 | — | — | |
| Loss on issuance of warrant liabilities | 1 | 0 | — | — | — | |
| Stock-based compensation expense | 3 | 6 | 8 | 12 | 18 | |
| Issuance of convertible notes for legal services | 331,000 | 0 | — | — | — | |
| Accounts receivable | 879,000 | −879,000 | 0 | — | — | |
| Prepaids and other current assets | −7 | 7 | −565,000 | −2 | −14 | |
| Insurance receivable | 308,000 | −308,000 | 4 | 0 | — | |
| Other non-current assets | 2 | −2 | 3 | −147,000 | −325,000 | |
| Accounts payable | 131,000 | 3 | 453,000 | 373,000 | 2 | |
| Accrued liabilities | −734,000 | −2 | −3 | −2 | 7 | |
| Accrued interest | 544,000 | 136,000 | −131,000 | 131,000 | 0 | |
| Other current liabilities | 537,000 | −5,000 | −14,000 | −5 | 5 | |
| Contract liabilities | 2 | 1 | −2 | 1 | −1 | |
| Operating lease liability | −762,000 | −1 | −1 | −1 | −426,000 | |
| Litigation settlement contingency | 382,000 | 420,000 | −9 | 0 | — | |
| Other non-current liabilities | −516,000 | 25,000 | 24,000 | 23,000 | 11,000 | |
| Net cash used in operating activities | −23 | −17 | −62 | −88 | −87 | |
| Purchases of property, machinery and equipment | −12,000 | 0 | −94,000 | −583,000 | −3 | |
| Proceeds from sale of property, machinery and equipment | 0 | 135,000 | 113,000 | 34,000 | 0 | |
| Purchases of intangible assets | 0 | −41,000 | −38,000 | −184,000 | −118,000 | |
| Net cash (used in) provided by investing activities | −12,000 | 94,000 | −19,000 | −733,000 | −3 | |
| Proceeds from issuance of convertible notes and warrants | 2 | 5 | 0 | — | — | |
| Payment of convertible notes | −2 | −575,000 | 0 | — | — | |
| Proceeds from issuance of loan payable | 0 | 2 | 0 | — | — | |
| Proceeds from issuance of related party notes | 0 | 500,000 | 0 | — | — | |
| Principal payments on related party notes | 0 | −500,000 | 0 | — | — | |
| Principal payments on loan payable | 0 | −5 | −13 | −10 | −2 | |
| Payment of debt issuance costs | −424,000 | −438,000 | 0 | 0 | −144,000 | |
| Proceeds from exercise of warrants | 16 | 0 | 8 | 0 | — | |
| Payments for issuance costs related to exercise of warrants | −2 | 0 | — | — | — | |
| Repurchase of Section 16 Officer shares for tax coverage exchange | −1,000 | −4,000 | −88,000 | −331,000 | −151,000 | |
| Proceeds from issuance of common stock and related warrants | 23 | 16 | 19 | 0 | 128 | |
| Payments for issuance costs related to common stock and related warrants | −2 | −2 | −2 | 0 | −21 | |
| Net cash provided by financing activities | 35 | 16 | 2 | −10 | 227 | |
| Increase (Decrease) in cash, cash equivalents, and restricted cash | 11 | −920,000 | −60 | −98 | 137 |
Filings
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Frequently asked questions
What is Momentus Inc.'s CIK number?
Momentus Inc.'s SEC CIK number is 0001781162 (1781162). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Momentus Inc.'s SEC filings?
All of Momentus Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Momentus Inc. last report earnings?
Momentus Inc. (MNTS) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001140361-26-019009). This is Momentus Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Momentus Inc.'s most recent earnings 8-K?
Momentus Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001140361-26-019009. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Momentus Inc.'s latest earnings 8-K →
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