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Momentus (MNTS) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 31, 2026

Momentus (MNTS) reported revenue of $363K for the fourth quarter 2025 (Q4 2025), +27% from a year earlier and +55% from the quarter before.

Revenue$363K
Year over year+27%
Quarter over quarter+55%
Operating margin—
Net earnings−$6.8M

Momentus, Q4 2025: revenue $363K (+27% year over year), net loss $6.8M, operating cash flow −$10.5M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$363K+55%+27%
Operating profit−$8.9M——
Net earnings−$6.8M——
Operating cash flow−$10.5M——

What changed

Revenue was $363K in Q4 2025, up 27% year over year and up 55% from the previous quarter.

Gross margin was 100.0%, unchanged from Q4 2024. Operating costs exceeded revenue by $8.9M, an operating margin of -2446.3%. Operating expenses grew 30% against revenue growth of 27%. The fastest-growing cost line was Research & development (+34%). The quarter ended with a net loss of $6.8M, narrower than the previous quarter's $11.1M loss. Non-operating items added $2.1M, -31% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$10.5M. Non-cash charges added back $360K of depreciation and amortization and $558K of share-based compensation. Working capital and other items used $4.7M.

Questions

What was Momentus' revenue in the fourth quarter 2025?

Momentus (MNTS) reported revenue of $363K for the fourth quarter 2025 (Q4 2025), +27% from a year earlier and +55% from the quarter before.

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Source: Momentus 10-K on SEC EDGAR.