Earnings Releases·Nov 12, 2026, 4:20 PM ET

York Space Systems — Q3 2026 Earnings Summary

Q3 2026 revenue declined 7% year-over-year to $84.2 million, while full-year revenue guidance was narrowed to $380–$400 million; however, nine-month revenue grew 4% to $293.1 million and backlog increased to $581.0 million.
Reported a net loss of $807.4 million for the quarter, driven primarily by a $749.7 million non-cash goodwill impairment charge, though non-GAAP contribution margins improved to 40% in Q3 and 39% for the nine-month period.
Management narrowed full-year 2026 revenue guidance to $380–$400 million while highlighting a $14.9 billion government opportunity pipeline and anticipating IDIQ awards converting to task orders in 2027.
Strategic expansion includes the acquisition of Outlook Industries to enter the unmanned platforms market, new spacecraft deliveries for the Tetra 3 and 4 missions, and a $187 million commercial contract with Tomorrow.io for the DeepSky constellation.
The company maintains $459 million in total liquidity, reduced long-term debt to $139.7 million, and appointed Brian Frantz as permanent CFO following his interim tenure.