Filing Flows › York Space Systems (YSS) › Q1 2026
York Space Systems (YSS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
York Space Systems (YSS) reported revenue of $116M for the first quarter 2026 (Q1 2026), +9% from a year earlier. Operating margin was -94.9%, net loss $115M (98.7% of revenue).
York Space Systems, Q1 2026: revenue $116M (+10% year over year), operating margin -94.9%, net loss $115M, operating cash flow −$84.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $116M | — | +9% |
| Operating profit | −$110M | — | — |
| Net earnings | −$115M | — | — |
| Operating cash flow | −$84.5M | — | — |
What changed
Revenue was $116.3M in Q1 2026, up 9% year over year.
Gross margin was 19.0%, down 4.1 points from a year earlier. Operating costs exceeded revenue by $110.5M, an operating margin of -94.9%. Operating expenses grew 325% against revenue growth of 9%. The fastest-growing cost line was SG&A (+37%). The quarter ended with a net loss of $114.8M.
Operating cash flow was −$84.5M. Non-cash charges added back $16.1M of depreciation and amortization and $84.7M of share-based compensation. Working capital and other items used $70.4M. Capital expenditures of $2.1M exceeded it, leaving free cash flow of −$86.6M.
Questions
What was York Space Systems' revenue in the first quarter 2026?
York Space Systems (YSS) reported revenue of $116M for the first quarter 2026 (Q1 2026), +9% from a year earlier.
Was York Space Systems profitable in the first quarter 2026?
Operating loss was $110M (-94.9% of revenue) and net loss $115M.
Source: York Space Systems 10-Q on SEC EDGAR.