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York Space Systems (YSS) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · York Space Systems (YSS) Q2 2026 earnings results →

Q2 2026 Revenue up 10% year over year to $92.5M · 43¢ of every $1 of revenue lost · operating margin -44.6%

York Space Systems made $92.5M in Q2 2026 (+10% Y/Y). Operating margin -44.6%, net loss $39.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$92.5M
Year over year+10%
Operating margin-44.6%
Net earnings−$39.3M
Operating cash flow−$102M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $92.5M in Q2 2026, up 10% year over year and down 20% from the previous quarter.

Gross margin was 24.0%, up 12.6 points from a year earlier. Operating costs exceeded revenue by $41.3M, an operating margin of -44.6%. Operating expenses grew 106% against revenue growth of 10%. The fastest-growing cost line was SG&A (+58%). The quarter ended with a net loss of $39.3M, narrower than the previous quarter's $114.8M loss.

Operating cash flow was −$102.2M. Non-cash charges added back $14.9M of depreciation and amortization and $10.9M of share-based compensation. Working capital and other items used $88.6M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$103.5M.

Quarterly history

York Space Systems revenue by quarterYork Space Systems revenue by quarter$116MQ1 2026$92.5MQ2 2026
York Space Systems net earnings by quarterYork Space Systems net earnings by quarter−$115MQ1 2026−$39.3MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 14, 2026$92.5M+10%-44.6%−$39.3M−$102M
Q1 202610-QMay 15, 2026$116M+10%-94.9%−$115M−$84.5M

Charts

York Space Systems: profit against cash, quarter by quarterYork Space Systems: profit against cash, quarter by quarterNet incomeOperating cash flow−$11.7M−$79.5MQ1 2025−$24.2M−$20.3MQ2 2025−$115M−$84.5MQ1 2026−$39.3M−$102MQ2 2026
Latest (Q2 2026): Net income −$39.3M, Operating cash flow −$102M.
York Space Systems in its industry: growth against margin (9 companies, SIC 3760)York Space Systems in its industry: growth against margin (9 companies, SIC 3760)revenue growth, year over year →↑ operating marginmedian +11%median -45%LMTKTOSRKLBFLYRDWVOYGHLEOMNTSYSS (+10%, -45%)
Guided Missiles & Space Vehicles & Parts; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About York Space Systems

York Space Systems Inc. (together with its consolidated subsidiaries, as appropriate, "York Space Systems, "York," the "Company," "we," "us" or "our") is a leading, U.S.-based, space and defense prime (a primary contractor that leads major defense programs and deal directly with the U.S. Department of Defense ("DoD")) providing a comprehensive suite of mission-critical solutions for national security, government and commercial customers. York is one of the only space and defense primes with proprietary hardware and software capabilities designed to address customers’ complex mission requirements across the critical elements of the entire space ecosystem throughout the mission lifecycle. York is a partner of choice for our customers, with differentiated performance versus traditional primes based on price, speed to deployment, and sophistication of capabilities.

In its own words, from its 10-K, filed Mar 20, 2026.

York Space Systems against its Guided Missiles & Space Vehicles & Parts peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +11%. Operating margin: -44.6% against the peers' median -44.6%.

CompanyQuarterRevenueY/YOp. margin
YSS York Space SystemsQ2 2026$92.5M+10%-44.6%
LMT Lockheed MartinQ3 2026$20.7B+11%11.8%
KTOS Kratos Defense & Security SolutionsQ3 2026$472M+36%-1.0%
RKLB Rocket LabQ2 2026$234M+62%-24.6%
FLY Firefly AerospaceQ2 2026$118M+657%-80.9%
RDW RedwireQ3 2026$109M+5%-24.1%
VOYG Voyager TechnologiesQ3 2026$88.7M+124%-69.8%
HLEO HelioQ3 FY26$591K-25%-92.5%
MNTS MomentusQ2 2026$25K-87%n/m

Source: York Space Systems 10-Q on SEC EDGAR · CIK 2086587 · Guided Missiles & Space Vehicles & Parts

13F: who owns YSS and who is buying

Largest holders of YSS (13F)Largest holders of YSS (13F)BlackRock$473MAllianz Asset Management GmbH$67.1MHood River Capital Management LLC$48.4MTidal Investments LLC$45.4MWestwood Holdings Group$42.8MVoya Investment Management LLC$39.8MUBS Group AG$37.2MState Street$35.3MMirae Asset Global ETFS Holdings$33.7MClearbridge Investments, LLC$32.5M
Funds' net buying of YSS by quarter (13F)Funds' net buying of YSS by quarter (13F)$1.1B2026-03$45.0M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on YSS

History

Every quarter: Q2 2026 results · Q1 2026 results

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