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York Space Systems Reports Third Quarter 2026 Results

YSS
  • York Space Systems reported Q3 2026 revenue of $84.2 million, a 7% decrease year-over-year, while nine-month revenue increased 4% to $293.1 million.
  • The company recorded a net loss of $807.4 million for the quarter, primarily driven by a $749.7 million non-cash goodwill impairment charge.
  • Adjusted EBITDA for the quarter was a loss of $27.6 million, compared to a loss of $3.4 million in the prior year period.
  • The identified pipeline expanded by more than 30% quarter-over-quarter, with a total pipeline of government opportunities reaching $14.9 billion as of November 12, 2026.
  • Backlog stood at $581.0 million on September 30, 2026, reflecting new contract wins, modifications, and increases from subsidiaries.
  • Brian Frantz was appointed permanent Chief Financial Officer after serving as interim CFO since August 2026.
  • York secured two Space Data Network task orders, was selected for the NITE-STAR IDIQ contract, and introduced the LX/V-CLASS platform for Very Low Earth Orbit missions.
  • The company expanded into Geosynchronous Earth Orbit via the Tetra 3 and 4 missions (Nemesis) with deliveries targeted for Q4 2026.
  • ALL.SPACE and NAVSYS demonstrated resilient communications in GPS-denied environments during the Arcane Thunder exercise.
  • York activated a second antenna in Mwulire, Rwanda, to double satellite contact capacity, and identified Tomorrow.io as the customer for its $187 million DeepSky constellation contract.
  • ALL.SPACE secured new orders from Viasat and the U.S. Navy for Hydra MAX terminals, with Navy total procurement reaching 108 systems valued at over $25 million.
  • York announced strategic collaborations with Terma for European market access and with ENPULSION to bring propulsion systems to European manufacturers.
  • The company announced an intent to acquire Outlook Industries to expand into the $3.08 billion unmanned ground systems market.
  • Liquidity as of September 30, 2026, totaled $459 million, consisting of $309 million in cash and $150 million in revolving facility availability.
  • York narrowed its full-year 2026 revenue guidance to a range of $380 million to $400 million.