Filing Flows › Momentus (MNTS) › Q1 2026
Momentus (MNTS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Momentus (MNTS) reported revenue of $3.2M for the first quarter 2026 (Q1 2026), +898% from a year earlier and +786% from the quarter before. Operating margin was -270.4%, net loss $9.5M (294.9% of revenue).
Momentus, Q1 2026: revenue $3.2M (+898% year over year), operating margin -270.4%, net loss $9.5M, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2M | +786% | +898% |
| Operating profit | −$8.7M | — | — |
| Net earnings | −$9.5M | — | — |
| Operating cash flow | −$5.8M | — | — |
What changed
Revenue was $3.2M in Q1 2026, up 898% year over year and up 786% from the previous quarter. Hosted payload services was the largest line at 50% of revenue. Engineering project services added $1.4M year over year (up 580%), 47% of the total change.
Gross margin was 56.5%, down 43.5 points from Q1 2025. Operating costs exceeded revenue by $8.7M, an operating margin of -270.4%. Operating expenses grew 62% against revenue growth of 898%. The fastest-growing cost line was Research & development (+118%). The quarter ended with a net loss of $9.5M, wider than the previous quarter's $6.8M loss.
Operating cash flow was −$5.8M. Non-cash charges added back $310K of depreciation and amortization and $322K of share-based compensation. Working capital and other items added $3.0M. Capital expenditures of $197K exceeded it, leaving free cash flow of −$6.0M.
Questions
What was Momentus' revenue in the first quarter 2026?
Momentus (MNTS) reported revenue of $3.2M for the first quarter 2026 (Q1 2026), +898% from a year earlier and +786% from the quarter before.
Was Momentus profitable in the first quarter 2026?
Operating loss was $8.7M (-270.4% of revenue) and net loss $9.5M.
Source: Momentus 10-Q on SEC EDGAR.