Earnings ·
York Space Systems Inc. reported financial results for the fiscal quarter ended June 30, 2026, announcing a full-year…
YSSYork Space Systems Inc.
York Space Systems Inc. reported financial results for the fiscal quarter ended June 30, 2026, announcing a full-year revenue guidance reduction to $375 million–$405 million due to shifts in U.S. government acquisition methodologies. For Q2 2026, revenue increased 10% year-over-year to $92.5 million, while gross profit surged 133% to $22.2 million as a negative estimate-at-completion adjustment from the prior year rolled off. The company reported a net loss of $39.3 million and an adjusted EBITDA loss of $9.5 million for the quarter. York secured eight contracts with an 88% win rate year-to-date, bringing its backlog to $592 million as of June 30. Liquidity stood at $684 million, comprising $534 million in cash and $150 million available under its revolving facility. The company operates in the aerospace and defense industry, providing spacecraft platforms and mission-critical solutions for national security and commercial customers.