10-K
Annual report
✓ VerifiedSidus Space's annual report details the 2025 revenue mix: non-related-party revenue down 54% to approximately $1.8 million while related-party revenue doubled to approximately $1.6 million, with cost of revenue up 48%.
Filed Apr 1, 2026 · 09:34 ET
Summary
- Non-related-party revenue fell approximately 54% to approximately $1.8 million while related-party revenue rose 101% to approximately $1.6 million.
- Cost of revenue increased 48% to approximately $9.1 million, driven by approximately $2.1 million of higher satellite and software depreciation in LizzieSat's first full operating year.
- SG&A rose 57% to approximately $22.3 million, including labor up approximately $2.1 million to $7.3 million.
- The report also carries the Lonestar lunar manufacturing contract, amended to a total value of $120 million.
Key facts
- Cost of revenue
- approximately $9.1 million, up 48%
From the filing for Cost of revenue
“Cost of revenue increased 48% for the twelve months ended December 31, 2025 to approximately $9.1 million”
Why it mattersThe mix shift toward related-party work and depreciation-driven losses frame the scale problem the Lonestar contract is meant to solve.
- Filed
- Apr 1, 2026
- Accepted
- 2026-04-01 13:34Z
- Period
- Dec 31, 2025
- Accession no.
- 0001493152-26-014547
- Size
- 8.5 MB
- Index
- Filing index
Documents
Read the original on EDGAR ↗- Exhibit 23.14 KB
- Exhibit 31.119 KB
- Exhibit 31.219 KB
- Exhibit 32.16 KB
- Exhibit 32.24 KB
- R1.htm76 KB
- R10.htm4 KB
- R11.htm20 KB
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- R13.htm80 KB
- R14.htm19 KB
- R15.htm14 KB
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- R17.htm23 KB
- R18.htm16 KB
- R19.htm10 KB
- R2.htm113 KB
- R20.htm21 KB
- R21.htm10 KB
- R22.htm40 KB
- R23.htm18 KB
- R24.htm21 KB
- R25.htm10 KB
- R26.htm175 KB