8-KCurrent report
Results of operations
✓ VerifiedSidus Space reported first-quarter revenue of $359,000, up 51%, a net loss of $5.2 million improved 19%, and a cash position of $27.3 million with no term debt.
Filed May 15, 2026 · 06:15 ET
Summary
- Revenue was $359,000, an increase of 51% from $238,000, driven by new contracts including Lonestar Data Holdings and Teledyne Marine.
- Gross loss narrowed 36% to $1.1 million as cost of revenue fell 25% to $1.4 million.
- Net loss was $5.2 million, an improvement of $1.2 million, or 19%; adjusted EBITDA loss was $4.6 million.
- Cash was $27.3 million at March 31, 2026, with no outstanding term debt.
Key facts
- Revenue
- $359,000, up 51%
From the filing for Revenue
“Revenue: $359,000, an increase of 51% compared to $238,000 in Q1 2025”
- Cash
- $27.3 million
From the filing for Cash
“$27.3 million as of March 31, 2026, with no outstanding term debt”
Why it mattersThe loss is narrowing, but the revenue base remains a fraction of the cost structure.
- Filed
- May 15, 2026
- Accepted
- 2026-05-15 10:15Z
- Period
- May 14, 2026
- Accession no.
- 0001493152-26-023291
- Size
- 324 KB
- Index
- Filing index