Sidus Space Inc.

Listed Company

SIDUCIK 0001879726NasdaqEmerging GrowthRadiotelephone CommunicationsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.38M

Net Income

$-29.47M

Total Assets

$66.09M

Equity

$50.64M

Shares Out

17.99M

Op. Cash Flow

$-18.15M

Business

Sidus Space Inc. is a space mission enabler providing satellite design, manufacturing, mission operations, and AI-driven space data solutions to government, defense, intelligence, and commercial customers. It offers the LizzieSat® modular satellite platform, FeatherEdge™ edge processors, the Sidus Orlaith™ AI ecosystem with Cielo™ software, hosted-technology services, data-as-a-service, mission planning and management, and space and defense manufacturing including 3D printing and precision machining. Its principal business segments are Satellite Design & Manufacturing; Technology Design & Integration; AI-driven Space-based Data Solutions; Mission Planning & Operations; AI/ML Products & Services; and Space & Defense Manufacturing. Sidus sells and distributes services domestically and internationally through direct sales, a global partner network, launch providers, ground stations, and subscription-based data channels across North America, Europe, Asia, Australia and Gulf States.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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
Revenue	2	4	5	6	789,400
Revenue - related parties	2	798,942	952,220	1	619,324
Total - revenue	3	5	6	7	1
Cost of revenue	9	6	4	6	2
Gross profit (loss)	−6	−1	2	1	−366,575
Selling, general and administrative	22	14	14	13	—
Total operating expenses	22	14	14	13	3
Net loss from operations	−28	−16	−13	−12	−4
Other income	100,991	4,613	17,950	—	—
Interest expense	−90,144	−1	−747,420	−781,376	−42,882
Interest income	170,329	39,015	—	—	—
Asset-based loan expense	−2	−542,551	−155,716	−14,293	—
Total other expense	−1	−2	−2	−795,669	−232,606
Loss before income taxes	−29	−18	−14	−13	−4
Provision for income taxes	0	0	—	—	—
Net loss	−29	−18	−14	−13	−4
Dividend on Series A preferred Stock	—	−42,375	−202,599	—	—
Net loss attributed to stockholders	−29	−18	−15	−13	—
Basic loss per common share	−1.19	−3.6	−23.44	−74.8	−0.34
Diluted loss per common share	−1.19	−3.6	−23.44	−74.8	—
Basic weighted average number of common shares outstanding	25	5	619,986	171,658	11
Diluted weighted average number of common shares outstanding	25	5	619,986	171,658	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	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	43	16	1	2	14
Prepaid and other current assets	5	3	5	3	2
Total current assets	51	22	9	7	16
Property and equipment, net	14	15	10	3	775,070
Operating lease right-of-use assets	702,856	121,545	115,573	249,937	504,811
Intangible asset	398,135	398,135	398,135	—	—
Other assets	116,751	81,359	64,880	42,778	12,486
Total Assets	66	38	19	10	17
Accounts payable and other current liabilities	5	3	7	3	2
Asset-based loan liability	8	7	3	502,349	—
Notes payable	—	3	2	2	—
Operating lease liability	273,545	121,544	119,272	199,158	261,674
Total current liabilities	15	14	12	6	4
Operating lease liability - non-current	434,695	—	—	63,310	262,468
Total Liabilities	15	14	12	6	7
Commitments and contingencies	—	—	—	—	—
Additional paid-in capital	140	84	50	32	26
Accumulated deficit	−90	−60	−43	−28	−15
Total Stockholders Equity	51	24	7	4	11
Total Liabilities and Stockholders Equity	66	38	19	10	17

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	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
Stock based compensation	853,182	289,175	1	1	200,000
Depreciation and amortization	4	2	217,107	319,936	394,968
Impairment loss on property and equipment	5	—	—	—	—
Bad debt	—	87,129	17,871	22,500	618
Accounts receivable	555,055	260,062	−290,839	−741,984	32,907
Accounts receivable - related party	−1	−573,929	100,723	275,112	−267,513
Inventory	255,716	602,926	−265,594	−455,935	78,440
Contract asset	1	−910,975	−375,479	−60,932	—
Contract asset - related party	−162,720	−3,780	−28,191	−14,982	—
Prepaid expenses and other assets	−2	2	−2	−2	−2
Accounts payable and accrued liabilities	2	−2	4	2	2
Accounts payable and accrued liabilities - related party	202,264	−95,796	110,403	50,099	588,797
Contract liability	170,345	−60,932	16,192	60,932	—
Contract liability - related party	−46,953	3,780	28,191	−48,429	63,411
Changes in operating lease assets and liabilities	5,385	−3,700	−8,832	−6,800	—
Net Cash used in Operating Activities	−18	−16	−12	−12	−2
Purchase of property and equipment	−8	−7	−7	−2	−217,840
Net Cash used in Investing Activities	−8	−7	−8	−2	−217,840
Proceeds from issuance of common stock units	53	34	15	3	16
Proceeds from exercise of warrants	3	—	—	—	—
Proceeds from asset-based loan agreement	6	7	6	502,349	—
Repayment of asset-based loan agreement	−5	−3	−4	—	—
Proceeds from stock payable for 10,000 shares for exercise of warrants	—	22,500	—	—	—
Repayment of notes payable	−3	−150,000	−302,983	—	−16,266
Net Cash provided by Financing Activities	54	38	18	3	16
Net change in cash	27	14	−1	−11	14
Cash paid for interest	1	1	190,920	284,178	6,713
Cash paid for taxes	—	—	—	—	—
Capitalization of interest and fees of asset-based loan into asset-based loan liability	169,870	—	—	—	—
Class A common stock issued for conversion of Series A convertible preferred stock	—	16,566	—	—	—
Recognition of right-of-use asset and lease liability	856,787	284,861	135,235	—	—
Warrants granted for offering underwriter cost	5	3	—	—	—

Filings

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