10-Q

Quarterly report

✓ VerifiedSidus Space raised about $146.2 million net through April and May 2026 registered direct offerings, ending Q2 with $166.5 million cash and no debt, while Q2 revenue fell 54% to $583,096 and net loss was $4,781,269.

Filed Aug 13, 2026 · 16:00 ET

Summary

Sidus Space completed two registered direct offerings in April and May 2026 for combined net proceeds of approximately $146.2 million, ending June 30, 2026 with approximately $166.5 million in cash and no outstanding indebtedness after repaying its asset-based loan in January 2026.
Total revenue for the three months ended June 30, 2026 decreased 54% to $583,096 from $1,261,023, driven by the timing of fixed-price milestone contracts.
Net loss for the quarter was $4,781,269 compared to $5,625,070 a year earlier, and the six-month net loss was $9,992,876 compared to $12,039,697.
Class A shares outstanding rose from 65,324,055 at December 31, 2025 to 101,106,203 at June 30, 2026, an increase of 35,782,148 shares, or 55%.
Adarsh Parekh resigned as CFO effective June 1, 2026, John Burke served as Interim CFO, and Alan Khalili was appointed CFO effective July 27, 2026.
Management concluded that disclosure controls and procedures were not effective as of the period end and is undertaking corrective actions.

Key facts

Cash at June 30, 2026: $166,520,694
From the filing for Cash at June 30, 2026
“Cash $ 166,520,694 $ 43,175,996”
Net proceeds from 2026 offerings: approximately $146.2 million
From the filing for Net proceeds from 2026 offerings
“Approximately $146.2 million in net proceeds raised through two registered direct offerings in April and May 2026”
Q2 2026 total revenue: $583,096
From the filing for Q2 2026 total revenue
“Total revenue for the three months ended June 30, 2026 decreased approximately $678,000 compared to the three months ended June 30, 2025”
Q2 2026 net loss: $(4,781,269)
From the filing for Q2 2026 net loss
“Net loss ( 4,781,269 ) ( 5,625,070 )”
Six-month net loss: $(9,992,876)
From the filing for Six-month net loss
“Net loss $ ( 9,992,876 ) $ ( 12,039,697 )”
Class A shares outstanding: 101,106,203
From the filing for Class A shares outstanding
“Shares of Class A common stock outstanding increased from 65,324,055 at December 31, 2025 to 101,106,203 at June 30, 2026, an increase of 35,782,148 shares, or 55%.”
CFO appointment: Alan Khalili, effective July 27, 2026
From the filing for CFO appointment
“Effective July 27, 2026, Alan Khalili was appointed as the Chief Financial Officer.”
Accumulated deficit: approximately $99.8 million
From the filing for Accumulated deficit
“We had an accumulated deficit of approximately $99.8 million and working capital of approximately $167.6 million as of June 30, 2026”

Why it mattersThe offerings gave Sidus roughly $166.5 million in cash and eliminated its debt, funding satellite production and operations from cash on hand. Quarterly revenue declined while share count rose 55%.

Filed: Aug 13, 2026
Accepted: 2026-08-13 20:00Z
Period: Jun 30, 2026
Accession no.: 0001493152-26-037731
Size: 6.6 MB
Index: Filing index

Summary

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